First Quarter of the Fiscal Year

ending March 31, 2023 Earnings Announcement

Sotetsu Holdings, Inc.

July 28, 2022

https://www.sotetsu.co.jp/ir/

TSE securities code: 9003

1

Copyright Ⓒ Sotetsu Holdings, Inc. All rights reserved

Financial Highlights (Consolidated Statement of Income)

(Million yen)

Change

Change

Change

First

First

FY3/2023

compared

with first

Quarter of

Quarter of

First quarter

quarter of

FY3/2023

FY3/2022

Amount

(%)

plan

Amount

(%)

FY3/2019

(%)

Operating revenue

53,936

50,529

+3,407

+6.7

55,900

-1,963

-3.5

-25.5

Operating profit

2,574

373

+2,201

+590.0

2,400

+174

+7.3

-77.5

Non-operating income

803

490

+312

+63.7

200

+603

+301.8

+194.4

Non-operating expenses

788

714

+73

+10.3

800

-11

-1.5

+9.8

Ordinary profit

2,590

149

+2,440

‒

1,800

+790

+43.9

-76.4

Extraordinary income

447

341

+106

+31.1

‒

+447

‒

+243.6

Extraordinary losses

474

299

+175

+58.5

‒

+474

‒

+767.0

Profit before income taxes

2,562

191

+2,371

‒

1,800

+762

+42.4

-76.8

Income taxes

611

48

+563

‒

500

+111

+22.4

-83.8

Profit

1,951

142

+1,808

‒

1,300

+651

+50.1

-73.2

Profit attributable to

2

-2

+4

‒

‒

+2

‒

-93.5

non-controlling interests

Profit attributable to owners of

1,948

145

+1,803

‒

1,300

+648

+49.9

-73.1

parent

First Quarter

First

Change

Change

FY3/2023

Change

Change

First

Quarter of

First quarter

Quarter of

of FY3/2023

(amount)

(%)

(amount)

(%)

FY3/2022

plan

FY3/2019

Net income per share (Yen)

19.89

1.48

+18.41

‒

13.27

+6.62

‒

73.87

2

Copyright Ⓒ Sotetsu Holdings, Inc. All rights reserved

Segment Information

First

First

Change

FY3/2023

Change

Quarter of

Quarter of

First quarter

FY3/2023

FY3/2022

Amount

(%)

plan

Amount

(%)

Transportation

Operating revenue

8,904

8,213

+690

+8.4

9,600

-695

-7.2

Operating profit

351

-158

+509

‒

700

-348

-49.9

Merchandising

Operating revenue

23,065

23,604

-539

-2.3

24,400

-1,334

-5.5

Operating profit

115

404

-288

-71.5

100

+15

+15.2

Real Estate

Operating revenue

12,091

11,848

+242

+2.0

11,500

+591

+5.1

Operating profit

3,611

3,492

+119

+3.4

3,300

+311

+9.4

Sales

Operating revenue

3,725

3,464

+260

+7.5

3,100

+625

+20.2

Operating profit

281

132

+148

+112.0

-100

+381

‒

Leasing

Operating revenue

8,417

8,448

-31

-0.4

8,500

-82

-1.0

Operating profit

3,330

3,359

-29

-0.9

3,400

-69

-2.1

Hotel

Operating revenue

6,740

3,710

+3,029

+81.7

7,100

-359

-5.1

Operating profit

-1,841

-3,747

+1,906

‒

-2,000

+158

‒

Other

Operating revenue

5,460

5,510

-49

-0.9

5,700

-239

-4.2

Operating profit

327

345

-17

-5.1

300

+27

+9.1

Adjustments

Operating revenue

-2,325

-2,359

+33

‒

-2,400

+74

‒

Operating profit

11

37

-26

-69.5

‒

+11

‒

Consolidated

Operating revenue

53,936

50,529

+3,407

+6.7

55,900

-1,963

-3.5

totals

Operating profit

2,574

373

+2,201

+590.0

2,400

+174

+7.3

(Million yen)

Change

compared

with first quarter of FY3/2019

(%)

-11.2

-87.2

-3.0

-66.2

-52.4

-45.7

-75.9

-91.3

-15.9

-2.6

-38.1

‒

-0.8

+17.3

‒

-10.7

-25.5

-77.5

3

Copyright Ⓒ Sotetsu Holdings, Inc. All rights reserved

Segment Information (Transportation)

(Million yen)

First Quarter

First Quarter

Change

FY3/2023

Change

Change compared

First quarter

with first quarter of

of FY3/2023

of FY3/2022

Amount

(%)

Amount

(%)

plan

FY3/2019 (%)

Operating revenue

8,904

8,213

+690

+8.4

9,600

-695

-7.2

-11.2

Railway

7,416

6,821

+595

+8.7

8,100

-683

-8.4

-12.5

Bus

1,496

1,401

+94

+6.8

1,500

-3

-0.2

-4.2

Adjustments

-9

-9

+0

‒

‒

-9

‒

‒

Operating profit

351

-158

+509

‒

700

-348

-49.9

-87.2

First Quarter

First Quarter

Change

FY3/2023

Change

Change compared

First quarter

with first quarter of

of FY3/2023

of FY3/2022

Amount

(%)

Amount

(%)

plan

FY3/2019 (%)

No. of passengers (1,000)

Non-commuter

18,644

16,032

+2,611

+16.3

21,304

-2,660

-12.5

-8.3

Commuter

31,600

30,452

+1,147

+3.8

32,456

-856

-2.6

-20.0

Regular

24,386

24,055

+330

+1.4

25,211

-824

-3.3

-20.8

Student

7,213

6,397

+816

+12.8

7,245

-31

-0.4

-17.1

Total

50,244

46,485

+3,758

+8.1

53,761

-3,517

-6.5

-16.0

Passenger transportation

revenue (Million yen)

Non-commuter

3,627

3,102

+524

+16.9

4,172

-544

-13.0

-8.8

Commuter

3,185

3,116

+69

+2.2

3,336

-151

-4.5

-20.9

Regular

2,856

2,827

+29

+1.0

3,006

-150

-5.0

-21.2

Student

328

288

+39

+13.8

329

-1

-0.4

-18.7

Total

6,812

6,219

+593

+9.5

7,508

-695

-9.3

-14.9

  • Railway: Year-on-year changes in number of passengers and transportation revenue

(%)

No. of passengers

Transportation revenue

44.1

Comparison with March 2019

36.3

No. of passengers: -20.3%

50.0

Comparison with March 2019

Transportation revenue: -19.4%

25.0

12.8

10.3

No. of passengers: -23.1%

-4.4

3.6

5.7

2.8

13.1

12.4

5.0

5.6

-15.2

Transportation revenue: -23.2%

33.4

29.5

-4.8

-6.2

-0.4

0.8

0.0

-22.8

-20.7

-27.2

-19.2

-22.6

-29.3-25.9

-2.4

0.6

2.8

-7.6

-7.7

-0.8

1.5

13.8

9.1

-1.9

3.7

4.9

10.4

9.0

-25.0

-25.6

-16.7

-19.6

-22.6

Increase as a reaction to people

-50.0

-24.8

-28.8

-31.1

-26.3

staying indoors due to the

declaration of a state of emergency

4

Copyright Ⓒ Sotetsu Holdings, Inc. All rights reserved

Segment Information (Merchandising)

(Million yen)

First

First

Change

FY3/2023

Change

Change

compared with

Quarter of

Quarter of

First quarter

first quarter of

FY3/2023

FY3/2022

Amount

(%)

plan

Amount

(%)

FY3/2019 (%)

Operating revenue

23,065

23,604

-539

-2.3

24,400

-1,334

-5.5

-3.0

Supermarket business

21,164

21,926

-762

-3.5

22,300

-1,135

-5.1

-4.3

Other merchandising

1,901

1,677

+223

+13.3

2,100

-198

-9.5

+14.9

businesses

Adjustments

‒

‒

‒

‒

‒

‒

‒

‒

Operating profit

115

404

-288

-71.5

100

+15

+15.2

-66.2

Revenue at existing stores

Year-on-

Compared

in supermarket (Sotetsu

year

-4.1%

with the

-5.1%

Rosen)

change

plan

  • Supermarket (Sotetsu Rosen): Existing stores(*) Year-on-year changes in monthly revenue

(%)

10.0

5.0

2.4

6.7

2.2

2.8

2.1

2.6

4.5

0.0

1.7

1.2

0.5

0.1

-0.4

-0.3

-1.4

-1.7

-1.4

-5.0

-3.4

-2.1

-2.4

-2.8

-5.1

-6.0

-7.9

-5.7

-10.0

  • Existing stores in the above monthly changes refer to stores operating in both the relevant month and the same month of the previous year. Stores that opened or closed before the end of a month are excluded.
    Closed store: (FY3/2022) Sakuragaoka store (closed on September 21, 2021), Kokubunji store (closed on January 27, 2022)

5

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Sotetsu Holdings Inc. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 15:44:06 UTC.