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    9007   JP3196000008

ODAKYU ELECTRIC RAILWAY CO., LTD.

(9007)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 09/16
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Odakyu Electric Railway : Summary of Consolidated Financial Results for the Three Months Ended June 30,2021(Based on Japanese GAAP)

08/02/2021 | 04:32am EDT

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2021 (Based on Japanese GAAP)

July 30, 2021

Company name:

Odakyu Electric Railway Co.,Ltd.

Stock exchange listing:

Tokyo

Stock code:

9007

URL https://www.odakyu.jp/

Representative:

President & CEO

Koji Hoshino

Inquiries:

Office Manager, IR Office

Toru Ishiguro

TEL 03(3349)2526

Scheduled date to file Quarterly Securities Report:

August 13, 2021

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Operating revenue

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Three months ended June 30, 2021

88,355

-

3,120

-

3,634

-

7,341

-

Three months ended June 30, 2020

70,366

(45.5)

(14,482)

-

(15,664)

-

(16,319)

-

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended June 30, 2021

20.22

-

Three months ended June 30, 2020

(44.94)

-

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of June 30, 2021

1,301,332

350,509

26.7

As of March 31, 2021

1,326,996

352,456

26.4

2. Cash dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

-

0.00

-

10.00

10.00

Year ending March 31, 2022

-

Year ending March 31, 2022 (Forecast)

0.00

-

10.00

10.00

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)

Percentages indicate year-on-year changes

Operating revenue

Operating profit

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Six months ending

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

178,300

-

2,300

-

1,800

-

6,800

-

18.72

September 30, 2021

Full year

381,600

-

12,000

-

10,500

-

13,500

-

37.17

1

4. Notes

  1. Changes in significant subsidiaries during the three months ended June 30, 2021 (changes in specified subsidiaries resulting in the change in scope of consolidation):
  2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

No

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:

Yes

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(4) Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2021

368,497,717

shares

As of March 31, 2021

368,497,717

shares

Number of treasury shares at the end of the period

As of June 30, 2021

5,328,415

shares

As of March 31, 2021

5,327,705

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2021

363,169,726

shares

Three months ended June 30, 2020

363,162,134

shares

2

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

As of March 31, 2021

As of June 30, 2021

Assets

Current assets

Cash and deposits

49,397

42,676

Notes and accounts receivable - trade

20,134

-

Notes and accounts receivable - trade, and contract assets

-

22,220

Merchandise and finished goods

5,770

5,977

Land and buildings for sale in lots

29,817

25,017

Work in process

1,002

995

Raw materials and supplies

2,282

2,567

Other

38,647

33,855

Allowance for doubtful accounts

(358)

(368)

Total current assets

146,692

132,942

Non-current assets

Property, plant and equipment

Buildings and structures, net

484,778

483,596

Machinery, equipment and vehicles, net

57,323

59,235

Land

472,084

472,860

Construction in progress

33,167

29,840

Other, net

11,742

11,938

Total property, plant and equipment

1,059,096

1,057,470

Intangible assets

Goodwill

1,654

1,584

Other

21,890

20,959

Total intangible assets

23,544

22,544

Investments and other assets

Investment securities

74,325

65,110

Other

24,696

24,622

Allowance for doubtful accounts

(1,359)

(1,358)

Total investments and other assets

97,662

88,374

Total non-current assets

1,180,304

1,168,389

Total assets

1,326,996

1,301,332

3

(Millions of yen)

As of March 31, 2021

As of June 30, 2021

Liabilities

Current liabilities

Notes and accounts payable - trade

19,664

16,047

Short-term borrowings

182,428

187,244

Current portion of bonds payable

20,010

20,010

Income taxes payable

6,311

2,718

Provision for bonuses

6,868

7,425

Provision for redemption of gift certificates

1,582

1,624

Provision for loss on disaster

89

89

Other provisions

84

104

Other

102,666

84,073

Total current liabilities

339,704

319,337

Non-current liabilities

Bonds payable

247,015

247,015

Long-term borrowings

253,720

250,365

Long-term accounts payable to Japan railway

70,603

70,603

construction, transport and technology agency

Retirement benefit liability

13,600

13,709

Asset retirement obligations

1,688

1,685

Other

48,207

48,107

Total non-current liabilities

634,835

631,486

Total liabilities

974,539

950,823

Net assets

Shareholders' equity

Share capital

60,359

60,359

Capital surplus

57,900

57,900

Retained earnings

207,852

210,721

Treasury shares

(6,503)

(6,505)

Total shareholders' equity

319,609

322,475

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

26,479

21,797

Revaluation reserve for land

548

548

Remeasurements of defined benefit plans

3,241

3,091

Total accumulated other comprehensive income

30,269

25,437

Non-controlling interests

2,578

2,595

Total net assets

352,456

350,509

Total liabilities and net assets

1,326,996

1,301,332

4

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

(Millions of yen)

Three months ended

Three months ended

June 30, 2020

June 30, 2021

Operating revenue

70,366

88,355

Operating expenses

Operating expenses and cost of sales of transportation

66,380

66,134

Selling, general and administrative expenses

18,468

19,100

Total operating expenses

84,848

85,234

Operating profit (loss)

(14,482)

3,120

Non-operating income

Interest income

3

5

Dividend income

939

849

Share of profit of entities accounted for using equity method

-

164

Miscellaneous income

802

1,004

Total non-operating income

1,745

2,024

Non-operating expenses

Interest expenses

1,364

1,244

Share of loss of entities accounted for using equity method

803

-

Miscellaneous expenses

759

266

Total non-operating expenses

2,927

1,511

Ordinary profit (loss)

(15,664)

3,634

Extraordinary income

Gain on sale of non-current assets

298

2,958

Contribution for construction

362

432

Gain on sale of investment securities

-

4,267

Subsidy income

78

1,400

Other

116

454

Total extraordinary income

855

9,513

Extraordinary losses

Loss on sale of non-current assets

18

5

Loss on tax purpose reduction entry of non-current assets

301

382

Loss on retirement of non-current assets

186

36

Non-recurring loss

2,475

-

Other

13

8

Total extraordinary losses

2,995

432

Profit (loss) before income taxes

(17,804)

12,715

Income taxes - current

304

2,746

Income taxes - deferred

(1,530)

2,600

Total income taxes

(1,226)

5,347

Profit (loss)

(16,577)

7,367

Profit (loss) attributable to non-controlling interests

(257)

26

Profit (loss) attributable to owners of parent

(16,319)

7,341

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Odakyu Electric Railway Co. Ltd. published this content on 02 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 08:31:06 UTC.


© Publicnow 2021
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Sales 2022 386 B 3 511 M 3 511 M
Net income 2022 7 167 M 65,2 M 65,2 M
Net Debt 2022 740 B 6 726 M 6 726 M
P/E ratio 2022 127x
Yield 2022 0,40%
Capitalization 910 B 8 295 M 8 271 M
EV / Sales 2022 4,27x
EV / Sales 2023 3,99x
Nbr of Employees 13 960
Free-Float 96,6%
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Number of Analysts 5
Last Close Price 2 505,00 JPY
Average target price 2 366,00 JPY
Spread / Average Target -5,55%
EPS Revisions
Managers and Directors
Koji Hoshino President & Representative Director
Tamotsu Nomakuchi Independent Outside Director
Hiroko Nakayama Independent Outside Director
Toru Ohara Independent Outside Director
Takehide Itonaga Independent Outside Director