Kyushu Railway Company · TSE:9142
Kyushu Railway — Q3 FY24.3 Earnings Presentation
28 slides from Kyushu Railway's earnings presentation, Feb 6, 2024
Slide 1: FY24.3 Financial Results Overview, Third Quarter
FY24.3 Financial Results Overview, Third Quarter February 6, 2024
Slide 2: Contents
Contents Ⅰ Financial Results for the First Nine-Months of FY24.3 4 Ⅱ Full-Year Performance Forecasts and Dividend Forecasts for 8 FY24.3 Ⅲ Status of Segments 13 Ⅳ Progress on the Medium-Term Business Plan 22 2
Slide 3: Highlights
Highlights Financial results for the Owing to a recovery of demand in each segment, consolidated operating first nine revenues, operating income, ordinary income, and net income attributable to months of owners of the parent all increased year on year. FY24.3 In Q3, we made steady progress towar
Slide 4: Financial Results for the First Nine-Months of FY24.3
Ⅰ Financial Results for the First Nine-Months of FY24.3 4
Slide 5: Consolidated Financial Highlights for the Nine-Month Period Ended December 31, 2023
Consolidated Financial Highlights for the Nine-Month Period Ended December 31, 2023 （\bil） 9 months ended 9 months ended December, 31 December, 31 YoY 2022 2023 Operating revenue・income Operating revenue 261.2 292.9 31.6 112.1% The sale of properties decreased, but revenues and profit increased due
Slide 6: Consolidated Results for the First Nine Months of FY24.3 (by Segment)
Consolidated Results for the First Nine Months of FY24.3 (by Segment) （\bil） 9 months ended 9 months ended December, 31 December, 31 YoY Major factors 2022 2023 Operating revenue 261.2 292.9 31.6 112.1% Transportation 100.9 122.2 21.2 121.1% Railway Business (non-consolidated) 99.9 120.0 20.1 120.1%
Slide 7: Non-consolidated Results for the First Nine Months of FY24.3
Non-consolidated Results for the First Nine Months of FY24.3 (\bil) 9 months ended 9 months ended December, 31 December, 31 YoY Major Factors 2022 2023 Operating revenue 140.1 161.1 21.0 115.0% Railway transportation 88.7 108.5 19.8 122.3% Moderate recovery in demand revenues Shinkansen 31.6 43.2 11
Slide 8: Full-Year Performance Forecasts and Dividend Forecasts for FY24.3
Ⅱ Full-Year Performance Forecasts and Dividend Forecasts for FY24.3 8
Slide 9: Consolidated Financial Forecast Highlights for FY24.3
Consolidated Financial Forecast Highlights for FY24.3 （\bil） Results Forecasts Operating revenue YoY FY23.3 FY24.3 Even though we expect a decrease in the sale of properties, we anticipate a rise in Operating revenue 383.2 417.0 33.7 108.8% revenues owing to such factors as the gradual recovery of d
Slide 10: Consolidated Financial Forecasts for FY24.3 (by Segment)
Consolidated Financial Forecasts for FY24.3 (by Segment) (¥bil) Results Forecasts YoY Major factors FY23.3 FY24.3 Operating revenue 383.2 417.0 33.7 108.8% Transportation 138.3 160.7 22.3 116.2% Increase due to moderate recovery in demand Railway Business (non-consolidated) 136.5 156.9 20.3 114.9% R
Slide 11: Non-consolidated Financial Forecasts for FY24.3
Non-consolidated Financial Forecasts for FY24.3 (¥bil) Results Forecasts YoY Major factors FY23.3 FY24.3 Operating revenue 211.6 228.6 16.9 108.0% Railway transportation 121.4 142.8 21.3 117.6% Increase due to moderate recovery in demand revenues Shinkansen 44.0 53.9 9.8 122.4% Conventional Lines 77
Slide 12: FY24.3 Dividend Forecasts
FY24.3 Dividend Forecasts Shareholder return policy JR Kyushu places importance on the stable provision of return to shareholders over the long term. Over the period to FY25.3, we will aim for a consolidated dividend payout ratio of 35%, with a minimum dividend per share of ¥93.0. We will flexibly
Slide 13: Status of Segments
Il Status of Segments 13
Slide 14: Transportation Segment
Transportation Segment Overall, railway transportation revenues were at anticipated levels. 【Results】 【Forecast】 （\bil） （\bil） 9 months ended 9 months ended FY23.3 FY24.3 December, 31 December, 31 YoY YoY Results Forecasts 2022 2023 Operating revenue 100.9 122.2 21.2 121.1% 138.3 160.7 22.3 116.2%
Slide 15: Status of Inbound Measures in the Railway Business
Status of Inbound Measures in the Railway Business In Q3, inbound revenue was higher than in Q2, partly owing to the effect of revised prices on JR-KYUSHU RAIL PASS. Inbound revenue (approximate) 25.0 Demand for JR-KYUSHU RAIL PASS Cumulative Q3 Cumulative Q3 JR-KYUSHU RAIL PASS Others Vs. FY19.3
Slide 16: Railway Business (Transportation Data)
Railway Business (Transportation Data) Railway transportation revenues (\bil) 9 months ended 9 months ended YoY Major Factors December, 31 2022 December, 31 2023 Total 88.7 108.5 19.8 122.3% Commuter pass 22.2 23.1 0.8 104.0% Non-commuter pass 66.4 85.3 18.9 128.5% Cargo 0.0 0.0 0.0 121.6% Shinkanse
Slide 17: Real Estate and Hotels Segment: Real Estate Leasing Business
Real Estate and Hotels Segment: Real Estate Leasing Business Station building tenant sales were robust, buoyed mainly by JR Hakata City. The JR Nagasaki Station Building opened on November 10, 2023. 【Results】 【Forecast】 （\bil） （\bil） 9 months ended 9 months ended FY23.3 FY24.3 December, 31 Decem
Slide 18: Real Estate and Hotels Segment: Real Estate Sales Business
Real Estate and Hotels Segment: Real Estate Sales Business Condominium sales were up year on year. Although we sold rental apartments to third parties in Q1 and Q3, sales of company properties were down, reflecting the sale of an office building to a third party in FY23.3. 【Results】 【Forecast】 （
Slide 19: Real Estate and Hotels Segment: Hotel Business
Real Estate and Hotels Segment: Hotel Business Due to a further increase in accommodation demand, ADR reached the ¥20,000 level, and the occupancy rate rose from Q2. The percentage of inbound travelers rose from Q2 as a percentage of total room sales. 【Results】 【Forecast】 （\bil） （\bil） 9 months
Slide 20: Retail and Restaurant Segment
Retail and Restaurant Segment Owing to a recovery in foot traffic, performance was favorable, both at retail stores and at food and beverage establishments. 【Results】 【Forecast】 （\bil） （\bil） 9 months ended 9 months ended FY23.3 FY24.3 December, 31 December, 31 YoY YoY Results Forecasts 2022 2023
Slide 21: Construction Segment, Business Services Segment
Construction Segment, Business Services Segment Construction Segment The order backlog is building up, and we aim to win more orders and steadily progress on construction projects. 【Results】 【Forecast】 （\bil） （\bil） 9 months ended 9 months ended FY23.3 FY24.3 December, 31 December, 31 YoY YoY Resu
Slide 22: Progress of the Medium-Term Business Plan
Ⅳ Progress of the Medium-Term Business Plan 22
Slide 23: JR Kyushu Group Medium-Term Business Plan 2022-2024
JR Kyushu Group Medium-Term Business Plan 2022-2024 Three key strategies of the medium-term business plan 2030 Long-Term Vision Robustly promoting three key strategies during the stage for returning the We will contribute to the sustainable development of Company to a growth track Kyushu through cit
Slide 24: Key Strategy 1: Completing Business Structural Reforms: Railway Business
Key Strategy ❶ Completing Business Structural Reforms : Railway Business Through The Future Railway Project Promoting operational efficiency by automating tasks and seamless mobile services. Japan’s first GOA2.5 self-driving trains We plan to commence operation of GOA 2.5 self-driving trains* [(
Slide 25: Key Strategy 2: City-Building in the Western Kyushu Area
Key Strategy ❷ Creating a model for building cities that promote well-being : City-Building in the Western Kyushu Area The opening of the JR Nagasaki Station Building, a core of city-building in the Western Kyushu area is contributing to an increase in rail service. Usage of the Nishi-Kyushu Shi
Slide 26: Key Strategy 2: City-Building in the Fukuoka Area
Key Strategy ❷ Creating a model for building cities that promote well-being : City-Building in the Fukuoka Area In the Fukuoka area, we are promoting city-building in wide-ranging domains through the development and operation of residential fee-based nursing homes and outdoor experience-type compl
Slide 27: Damage to the Hisatsu Line due to Heavy Rains in July 2020
Damage to the Hisatsu Line due to Heavy Rains in July 2020 We participated in the JR Hisatsu Line Review Conference held by the Ministry of Land, Infrastructure, Transport and Tourism and Kumamoto Prefecture concerning policy for restoring the Hisatsu Line. The policy on restoration is being discu
Slide 28: Forward-Looking Statements
Forward-Looking Statements These materials contain forward-looking statements concerning business forecasts, targets, etc. of the JR Kyushu Group. These statements are judgments made by the Company based on information, projections, and assumptions available at the time of the materials’ creation. A
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