Tokyu : Earnings Reports for the First Quarter of FY2022 (Apr. 2022 - Jun. 2022)

SUMMARY OF FINANCIAL STATEMENTS [Japanese Accounting Standards] (Consolidated)

	For the First Quarter of the Fiscal Year Ending March 31, 2023
Tokyu Corporation		August 10, 2022
Stock Code:	9005	Listed exchanges:	Tokyo Stock Exchange
URL:	https://www.tokyu.co.jp/	Inquiries:	Yuki Osawa, Senior Manager,
President	Kazuo Takahashi		Accounting and IR Group
Planned date for submission of quarterly financial reports:	August 10, 2022	Telephone: [phone]
Scheduled date of commencement of dividend payment:	－
Supplementary documents for quarterly results:	YES

Quarterly results briefing (for institutional investor and analysts): NO

* Amounts of less than ¥1 million have been rounded down.

1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023 (April 1, 2022 to June 30, 2022)

			(Figures in percentages denote the year-on-year change)
1) Consolidated Operating Results							Million yen
		Three months ended June 30, 2022	Three months ended June 30, 2021
			Change (%)			Change (%)
Operating revenue................................................		209,182	5.0	199,175	-5.0
Operating profit.....................................................		8,772	677.0		1,129	-
Recurring profit .....................................................		10,272	499.1		1,714	-
Profit attributable to owners of parent ..................		7,278	-21.8		9,309	-
Net income per share (¥)......................................		12.08				15.45
Net income per share (diluted) (¥)........................		-				-
Note: Comprehensive Income: Three months ended June 30, 2022: ¥13,600 million [-4.6%]
Three months ended June 30, 2021: ¥14,253 million [-%]
2) Consolidated Financial Position							Million yen
		As of June 30, 2022	As of March 31, 2022
Total assets ..........................................................			2,499,965			2,479,182
Net assets ............................................................			762,127			752,942
Equity ratio (%) .....................................................			28.4			28.4
Reference: Shareholders' equity: First quarter ended June 30, 2022: ¥710,691 million
FY ended March 31, 2022: ¥702,967 million
2. Dividends
		FY ending March 31, 2023	FY ending March 31,	FY ended March 31,
		(forecast)			2023		2022
Dividend per share - end of first quarter (¥)......					-		-
Dividend per share - end of first half (¥) ...........			7.50				7.50
Dividend per share - end of third quarter (¥) ....			-				-
Dividend per share - end of term (¥).................			7.50				7.50
Dividend per share - annual (¥) ........................			15.00				15.00
Note: Revisions to dividend forecasts published most recently: No

3. Consolidated Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(Figures in percentages denote the year-on-year change) Million yen

	Full year
		Change (%)
Operating revenue ............................................................................................	937,000	6.6
Operating profit .................................................................................................	40,000	26.8
Recurring profit .................................................................................................	35,500	1.4
Profit attributable to owners of parent ...............................................................	22,000	150.5
Net income per share (¥) ..................................................................................	36.52

Note: Revision to consolidated business performance forecasts published most recently: No

* Notes

1. Changes in important subsidiaries during the consolidated quarter (cumulative) under review (changes in specified subsidiaries resulting in changes in the scope of consolidation): No
2. Application of specific accounting treatment to the preparation of quarterly consolidated financial statements: No
3. Changes in accounting policies, changes in accounting estimates, and restatement of revisions
4. 1. Changes in accounting policies with revision of accounting standards, etc.: Yes
   2. Changes in accounting policies other than 1): No
   3. Changes in accounting estimates: No
   4. Restatement of revisions: No

(Note) For details, please see the statement under the heading of "2. Quarterly Consolidated Financial Statements and Primary Notes

1. 1. Notes to Quarterly Consolidated Financial Statements (Change in Accounting Policies)" on the accompanying materials.
2. Number of shares issued (common stock)

1. Number of shares issued at the end of the term (including treasury stock) (shares)

As of June 30, 2022:	624,869,876	As of March 31, 2022:	624,869,876
2) Number of treasury stock at the end of the term (shares)
As of June 30, 2022:	22,342,943	As of March 31, 2022:	22,532,735

3) Average numbers of shares issued during the terms (quarterly consolidated accumulation periods)

Three months ended June 30, 2022:	602,433,669
Three months ended June 30, 2021:	602,724,744

(Note) The number of treasury stock includes shares of the Company held by a group of shareholding employees in trust and

compensation for Directors in trust, as follows:
As of June 30, 2022: 2,338,500 shares	As of March 31, 2022: 2,529,200 shares

• The summary of financial statements is not subject to audit.
• Explanations about the proper use of financial forecasts and other important notes (Notes on forecast results)
  The forecast results presented above are based on information available on the date of this announcement and assumptions considered reasonable.
  Actual results may differ materially from the forecasts depending on a number of factors.
  For details on the forecast results, please see the statement under the heading of "1. Qualitative Information on Consolidated Financial Results, etc. for the First Quarter of FY2022, (3) Explanation about the future outlook, including forecast for consolidated earnings" in the accompanying materials.

(Method of acquiring supplementary documents for quarterly results)

The "Summary of Results for the First Quarter of FY2022" will be disclosed on TDnet (Timely Disclosure network) and the Company's own website today (August 10, 2022).