Odakyu Electric Railway Co., Ltd. Announces Consolidated Earnings Results for the Half Year of Fiscal Year Ending March 31, 2020; Provides Earnings Guidance for the Full Year Ending April 2020
October 31, 2019 at 12:15 am EDT
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Odakyu Electric Railway Co., Ltd. announced consolidated earnings results for the half year of fiscal year ending March 31, 2020. For the period, the company reported revenue from operations of JPY 257,307 million against JPY 261,766 million a year ago. Operating income was JPY 29,450 million against JPY 25,657 million a year ago. Net income attributable to owners of parent was JPY 19,123 million against JPY 16,598 million a year ago. Ordinary income was JPY 28,749 million against JPY 24,907 million a year ago.
For the year ending April 2020, the company expects revenue from operations of JPY 263,300 million, operating income of JPY 26,200 million, ordinary income of JPY 25,000 million and net income attributable to owners of parent was JPY 16,500 million.
Odakyu Electric Railway Co., Ltd. is one of the Japanese largest railway transportation providers. Net sales by activity are organized as follows:
- operating of shopping centers and supermarkets (36%);
- railway transportation services (27.8%);
- development and management of real estate assets (13.8%);
- other (15.6%): operating of hotels and restaurants, trip organizations, railways maintenance services, etc.
Odakyu Electric Railway Co., Ltd. Announces Consolidated Earnings Results for the Half Year of Fiscal Year Ending March 31, 2020; Provides Earnings Guidance for the Full Year Ending April 2020