Keihan Holdings Co.,Ltd. · TSE:9045
Keihan Holdings Co.,Ltd — H1 FY2014 Earnings Presentation
25 slides from Keihan Holdings Co.,Ltd's earnings presentation, Nov 6, 2013
Slide 1: First Half of FY2014 Financial Results Presentation
First Half of FY2014 (Ended September 30, 2013) Financial Results Presentation November 6, 2013 Keihan Electric Railway Co., Ltd. (Tokyo Stock Exchange 1st, Securities Code: 9045 http://www.keihan.co.jp/) [Notes on forecasts] Descriptions of business forecasts and future prospects are based on curre
Slide 2: Overview of the First Half of FY2014 Financial Results
Overview of the First Half of FY2014 Financial Results
Slide 3: Consolidated Statements of Income
Consolidated Statements of Income (Millions of yen) 1H FY2013 1H FY2014 April 2013 Change Main factors of changes Results Results Estimate 1,577 Transportation -60, Real estate +1,830, Retail -811, Operating revenue 129,648 131,225 Leisure and service +457, Others +61 129,400 (1.2%) 857 Transportati
Slide 4: Consolidated Balance Sheets
Consolidated Balance Sheets (Millions of yen) FY2013 1H FY2014 Change Main factors of changes Results Results Land and buildings for sale +12,128 Current assets 134,596 137,225 2,629 Cash and deposit -7,133 Notes and accounts receivable -5,004 Fixed assets 518,866 515,444 -3,421 Investments in capit
Slide 5: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Millions of yen) 1H FY2013 1H FY2014 Change Main factors of changes Results Results Changes in inventories -9,327 Operating cash flows 16,777 2,208 -14,569 Changes in income taxes paid -2,434 Changes in notes and accounts receivable -1,813 Sales of investment s
Slide 6: Segment Information
Segment Information (Millions of yen) 1H FY2013 1H FY2014 Change Change (%) Results Results Operating revenue 129,648 131,225 1,577 1.2% Transportation 45,117 45,056 -60 -0.1% Real estate 29,983 31,814 1,830 6.1% Retail 46,589 45,777 -811 -1.7% Leisure and service 13,577 14,035 457 3.4% Others 740 8
Slide 7: Segment Information (Breakdown)
Segment Information (Breakdown) [Consolidated subsidiaries] 38 companies (Keihan Electric Railway covers both the transportation business and the real estate business) [Equity method affiliates] 2 companies Keihan Electric Railway Co., Ltd., Keifuku Electric Railroad Co., Ltd., Keihan Bus Co., Ltd.,
Slide 8: Results of Transportation
Results of Transportation (Millions of yen) 1H FY2013 1H FY2014 Change Change (%) Summary Results Results Railway operation 36,282 (+2) Operating revenue 45,117 45,056 -60 -0.1% Bus 13,172 (+66) Elimination -4,398 (-129) Railway operation 4,232 (+109) Operating income 4,379 4,613 233 5.3% Bus 358 (+
Slide 9: Results of Real Estate
Results of Real Estate (Millions of yen) 1H FY2013 1H FY2014 Change Change (%) Summary Results Results Real estate 24,524 (-9) Operating revenue 29,983 31,814 1,830 6.1% Construction 9,116 (+52) Elimination -1,827 (+1,787) Real estate 6,480 (+561) Operating income 5,889 6,434 545 9.3% Construction -
Slide 10: Results of Retail
Results of Retail (Millions of yen) 1H FY2013 1H FY2014 Change Change (%) Summary Results Results Department store 25,857 (-25) Store 12,693 (-426) Operating revenue 46,589 45,777 -811 -1.7% Shopping mall management 5,344 (-297) Restaurant 3,356 (-33) Department store 108 (-8) Store 402 (+154) Opera
Slide 11: Results of Leisure and Service
Results of Leisure and Service (Millions of yen) 1H FY2013 1H FY2014 Change Change (%) Summary Results Results Hotel 11,562 (+508) Operating revenue 13,577 14,035 457 3.4% Leisure 2,550 (-52) Hotel 696 (-65) Operating income 927 853 -73 -7.9% Leisure 267 (-8) << Hotel occupancy rates >> 1H FY2013 1H
Slide 12: Non-consolidated Statements of Income
Non-consolidated Statements of Income (Millions of yen) 1H FY2013 1H FY2014 April 2013 Change Change (%) Summary Results Results Estimate Operating revenue 39,032 42,978 3,946 10.1% 42,300 Number of passengers -0.2% Railway operation 26,275 26,217 -57 -0.2% Passenger transportation revenue -0.5% Sub
Slide 13: FY2014 Forecasts
FY2014 Forecasts
Slide 14: Forecast of Consolidated Business Results
Forecast of Consolidated Business Results (Millions of yen) FY2013 FY2014 Change April 2013 Change Main factors of changes Results Forecast (%) Estimate Transportation -528, Real estate +2,151, Operating revenue 279,156 280,500 1,343 0.5% Retail -1,224, Leisure and service +618 274,400 Transportatio
Slide 15: Forecast of Consolidated Business Results (Segment Information)
Forecast of Consolidated Business Results (Segment Information) (Millions of yen) FY2013 FY2014 Change April 2013 Change Main factors of changes Results Forecast (%) Estimate Operating revenue 279,156 280,500 1,343 0.5% 274,400 Transportation 89,328 88,800 -528 -0.6% Railway operation -376 88,200 Re
Slide 16: Forecast of Non-Consolidated Business Results
Forecast of Non-Consolidated Business Results (Millions of yen) FY2013 FY2014 Change Change (%) Main factors of changes Results Forecast Operating revenue 86,254 84,300 -1,954 -2.3% Number of passengers -0.4% Railway operation 52,558 52,220 -338 -0.6% Passenger transportation revenue -0.6% Subsidiar
Slide 17: Progress of FY2014 Initiatives
TOPICS Progress of FY2014 Initiatives
Slide 18: Keihan Group's Medium-term Management Plan
Keihan Group’s Medium-term Management Plan (FY2013-2015) Basic Policy Building the foundations for a strong Keihan for the next 100 years Corporate Strategy Strengthen the operating structure through Revitalize areas along the extensive efficiency gains Keihan Railway lines ◆ Operating divisions ◆ P
Slide 19: Comparison of Medium-term Management Plan with FY2013 Results and FY2014 Forecast
Comparison of Medium-term Management Plan with FY2013 Results and FY2014 Forecast (Billions of yen) 12.0 11.3 11.0 10.0 8.0 7.4 7.4 7.0 Management Plan Management Plan 6.0 Medium-term Medium-term Forecast Results Results 4.0 0 FY2012 FY2013 FY2014 18
Slide 20: Revitalize areas along the Keihan Railway lines
Revitalize areas along the Keihan Railway lines <Kyoto and Otsu area> ・ Implementing our Kyoto strategy aimed at developing, utilizing and promoting the Keihan Group’s business resources by leveraging Kyoto’s global brand <Hirakata and Kuzuha area> ・ Redevelop Kuzuha Station and the surrounding area
Slide 21: Business Strategy - Transportation
Business Strategy ― Transportation― Ensure safety and peace of mind ◆ Various drills and trainings Conducting ongoing training exercises for emergencies such as train accidents, natural disasters and terrorist incidents; strengthening our response capability ◆ Roll out new ATS technology Began opera
Slide 22: Business Strategy - Transportation
Business Strategy ― Transportation― Develop services tailored to the needs of customers ◆ Building new trains and upgrading existing rolling stock • New 13000 series train launched • Upgraded the 6000 series Created wheelchair spaces and installed LCD information displays; enhanced usability and com
Slide 23: Business Strategy - Real Estate
Business Strategy ― Real Estate― Continue to focus on short-term turnover business ◆ Major property sales [The Kyoto Residence Shijo Kawaramachi] Location : 7-318 Inari-cho, Kawaramachi-dori Shijo-sagaru 2-chome, Shimogyo ward, Kyoto city Completion : End-February, 2015 Building scale : 11 abovegrou
Slide 24: Business Strategy - Retail
Business Strategy ― Retail― Steadily implementing the KUZUHA MALL second-stage development plan Based on the development concept “Towards Kuzuha we can be proud of,” we are implementing an integrated redevelopment plan covering the shopping mall, main station building and south wing of the station b
Slide 25: Business Strategy - Leisure and Service
Business Strategy ― Leisure and Service ― Initiatives to target tourism-related demand < Hotel business > ◆ Use hotel refurbishments to attract more customers [ Kyoto Century Hotel] Upgraded comfort and décor on the Komorebi floor as a place to enjoy Kyoto’s four seasons Improved hotel capacity with