Tokyu : Summary of Results for the First Three Quarters of FY2021

Summary of Results

for the First Three Quarters of FY2021

February 10, 2022

Tokyu Corporation

(9005)

https://www.tokyu.co.jp/

Contents

Ⅰ． Executive Summary

Ⅱ． Conditions of Each Business

Ⅲ． Details of Financial Results for the First Three Quarters of FY2021

Ⅳ． Details of Financial Forecasts for FY2021

Ⅴ． （Reference）TOKYU RAILWAYS Fare Revisions Application

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Ⅰ．Executive Summary

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Main Points in the Results for 3Q FY2021

				[Operating revenue]
				・Sales increased in real terms in all segments, reflecting the sale of a large-scale
(Unit:Billion yen)	Results	YoY Comparison	property as well as improvements in earnings from the year-ago level affected
				by restrictions on outings and the closure of sales floors resulting from the
				declaration of a state of emergency. However, operating revenue decreased
Operating Revenue	654.4	- 31.3	(- 4.6%)
31.3 billion yen year on year due to the impact of the accounting standard for
				revenue recognition that took effect from the current year.
Operating Profit	34.8	+ 50.8	－
[Operating Profit]
Recurring Profit	39.0	+ 51.6
－ ・Increased 50.8 billion yen year on year, reflecting improvements in profitability
				and decreases in losses in all segments, particularly the Real Estate Business
Profit attributable to owners
30.1	+ 56.7	－	segment in which the sale of a large-scale property was recorded and progress
of parent	in cost reduction.

＊A year-on-year increase of 78.9 billion yen in revenue before	[Profit attributable to owners of parent]
the application of the Standard for Revenue Recognition
・Increased 56.7 billion yen year on year due to the posting of a gain on sales of fixed assets.

		Operating Revenue by Segment			Operating Profit by Segment
Billion yen	(Year-on-year Comparison)				(Year-on-year Comparison)
				Billion yen
760.0			+31.9				34.8
				37.5	+17.7
	+31.3
740.0		+78.9
720.0			-110.2		25.0	+15.1
	+12.7
700.0
685.8	+3.9				12.5
680.0						+10.9
		YoY Comparison
	Sales increase		654.4	0.0
660.0
	in each segment	-31.3				+7.1

640.0

-12.5

FY2020 3Q

andHotel Resort

Transportation

ServiceLife

EstateReal

inChange standardaccounting

FY2021 3Q

FY2020 3Q

ServiceLife

andHotel Resort

Transportation

EstateReal

FY2021 3Q

-25.0

-15.9

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(Reference) Impact of the "Accounting Standard for Revenue Recognition" in the Results for 3Q FY2021

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➁

①－➁

➂

➁－➂

FY2021 3Q	FY2021 3Q
（Unit : Billion yen）	Prior to accounting	Change
Results
standard revision

	FY2020 3Q
Impact of accounting standard revision	Change
	Results

Total Operating Revenue		654.4	764.6	- 110.2		685.8	＋ 78.9
	（- 14.4%）		（＋ 11.5%）
Transportation	Operating Revenue	124.9	124.3	＋ 0.6		111.6	＋ 12.7
Real Estate	Operating Revenue	170.2	178.4	- 8.2	Tokyu GEOX -8.2	146.5	＋ 31.9
		Total Life Service	368.8	471.2	- 102.4		439.9	＋ 31.3
	Operating
Life Service	Retail	242.9	310.4	- 67.5	Tokyu Department Store -53.7	301.3	＋ 9.1
Revenue	Tokyu Store Chain -8.4
		ICT and Media	125.8	160.6	- 34.8	Tokyu Agency -31.9	138.6	＋ 22.0
						Tokyu power supply -2.0
Hotel and Resort	Operating Revenue	33.0	33.3	- 0.3		29.4	＋ 3.9
Elimination	Operating Revenue	- 42.6	- 42.6	-		- 41.6	- 1.0
etc.

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