Tobu Railway Co., Ltd. · TSE:9001
Tobu Railway — 2Q FY2024 Earnings Presentation
34 slides from Tobu Railway's earnings presentation, Nov 15, 2024
Slide 1: 2Q FY2024 Financial Results Briefing
2Q FY2024 Financial Results Briefing November 15, 2024 TOBU RAILWAY CO., LTD.
Slide 2: Table of Contents
Table of Contents Ⅰ. Financial Summary Ｐ02 Ⅱ. 2Q FY2024 Business Results Ｐ04 Ⅲ. FY2024 Full Year Forecast Ｐ14 Ⅳ. Achievement of Long-Term P 22 Management Vision and Promotion of Medium-Term Business Plan All rights reserved. Copyright © TOBU RAILWAY CO.,LTD. 1
Slide 3: 2Q FY2024 Business Results Summary
I． Financial Summary 2Q FY2024 Business Results Despite a decrease in commission income from the Travel Business, operating Operating revenues came to ¥301.9 billion with increased demand in Japan and overseas revenues in the Railway Business, Hotels Business, and SKYTREE Business (down 2.1% YoY, 47
Slide 4: FY2024 Full-Year Forecast
I． Financial Summary FY2024 Full-Year Forecast Despite an anticipated drop in group travel income in the Travel Business, operating Operating revenues are forecast at ¥639.0 billion due to the Railway Business, Hotels Business, revenues and Department Stores Business being expected to exceed initial
Slide 5: Subsidiaries and Affiliates
Ⅱ．2Q FY2024 Business Results ― Subsidiaries・Affiliates March September Subsidiaries 2024 Increase Decrease 2024 Notes Transportation 27 － － 27 Leisure 15 － － 15 Real Estate 3 － － 3 Retail Distribution 8 － － 8 Other 15 － － 15 Total 68 － － 68 March September Affiliates 2024 Increase Decrease 2024 Note
Slide 6: Semi-annual Consolidated Statement of Income
Ⅱ．2Q FY2024 Business Results ― Semi-annual Consolidated statement of income 2Q FY2024 2Q FY2023 Unit: Millions of yen Change Notes Results Results Transportation ＋4,354 Leisure ▲10,341 Operating revenues 301,996 308,582 ▲6,586 Real Estate ＋414 Retail Distribution ＋1,519 Other ＋184 Transportation ＋2,
Slide 7: Segment Profit
Ⅱ．2Q FY2024 Business Results ― Segment Profit 2Q FY2024 2Q FY2023 Unit: Millions of yen Change Results Results Operating revenues 107,816 103,461 4,354 Transportation Operating profit 17,878 15,643 2,234 Operating revenues 82,038 92,380 ▲10,341 Leisure Operating profit 8,447 13,189 ▲4,742 Operating
Slide 8: Semi-annual Consolidated Balance Sheet
Ⅱ．2Q FY2024 Business Results ― Semi-annual Consolidated balance sheet 2Q FY2024 FY2023 Unit: Millions of yen Change Notes Results Results Current assets 172,175 168,953 3,222 Non-current assets 1,528,223 1,535,110 ▲6,886 Total assets 1,700,399 1,704,063 ▲3,664 Current liabilities 411,803 386,322 25,
Slide 9: Semi-annual Consolidated Statement of Cash Flows
Ⅱ．2Q FY2024 Business Results ― Semi-annual Consolidated statement of cash flows 2Q FY2024 2Q FY2023 Unit: Millions of yen Change Notes Results Results Cash flows from operating activities 38,583 35,475 3,107 Decrease in accounts payable＋994 Expenditures for acquisition of fixed assets Cash flows fro
Slide 10: Transportation
Ⅱ．2Q FY2024 Business Results ― Transportation 2Q FY2024 2Q FY2023 Unit: Millions of yen Change Notes Results Results Operating revenues 107,816 103,461 4,354 Railways 80,719 77,801 2,918 Bus and taxi business＋1,129 Other 27,096 25,660 1,436 Freight business ＋302 Operating profit 17,878 15,643 2,234
Slide 11: Leisure
Ⅱ．2Q FY2024 Business Results ― Leisure 2Q FY2024 2Q FY2023 Unit: Millions of yen Change Notes Results Results Operating revenues 82,038 92,380 ▲10,341 Travel 52,085 67,034 ▲14,949 Hotel 16,337 12,577 3,759 SKYTREE 8,167 7,350 817 Amusement parks and tourism＋40 Other 5,447 5,417 30 ＋16 Sports Operati
Slide 12: Real Estate
Ⅱ．2Q FY2024 Business Results ― Real Estate 2Q FY2024 2Q FY2023 Unit: Millions of yen Change Notes Results Results Operating revenues 25,180 24,766 414 Real Estate leasing 17,025 17,276 ▲250 SKYTREE TOWN 6,440 6,151 288 Real Estate 1,714 1,338 375 subdivision Operating profit 7,319 6,406 912 Real Est
Slide 13: Retail Distribution
Ⅱ．2Q FY2024 Business Results ― Retail Distribution 2Q FY2024 2Q FY2023 Unit: Millions of yen Change Notes Results Results Operating revenues 84,387 82,868 1,519 Department stores 28,767 28,692 75 Supermarket 36,874 36,392 482 Other 18,745 17,783 961 Operating profit 2,998 2,127 870 Department stores
Slide 14: Other
Ⅱ．2Q FY2024 Business Results ― Other 2Q FY2024 2Q FY2023 Unit: Millions of yen Change Notes Results Results Operating revenues 38,556 38,371 184 Operating profit 2,803 2,362 440 Depreciation 803 747 55 EBITDA 3,606 3,110 495 Capital Expenditures 487 513 ▲26 All rights reserved. Copyright © TOBU RAIL
Slide 15: Full-year Forecast: Consolidated Statement of Income
Ⅲ．Full-year Forecast for FY2024 ― Consolidated statement of income FY2024 FY2023 FY2024 Unit: Millions of yen Change Notes Change Forecast Results Plan Transportation ＋6,765 Leisure ▲10,461 Operating revenues 639,000 635,964 3,036 Real Estate ▲3,175 639,000 0 Retail Distribution ＋8,030 Other ▲5,073
Slide 16: Full-year Forecast: Segment Profit
Ⅲ．Full-year Forecast for FY2024 ― Segment Profit FY2024 FY2023 FY2024 Unit: Millions of yen Change Change Forecast Results Plan Operating 215,100 208,335 6,765 212,300 2,800 revenues Transportation Operating profit 30,000 28,478 1,522 28,200 1,800 Operating 174,300 184,761 ▲10,461 185,000 ▲10,700 re
Slide 17: Consolidated Cash Flow Plan
Ⅲ．Full-year Forecast for FY2024 ― Consolidated Cash Flow Plan FY2024 FY2023 FY2024 Unit: Millions of yen Change Notes Change Forecast Results Plan EBITDA 122,000 126,799 ▲4,799 115,900 6,100 Operating profit 68,000 73,883 ▲5,883 62,000 6,000 Depreciation 54,000 52,916 1,084 53,900 100 Interest-beari
Slide 18: Full-year Forecast: Transportation
Ⅲ．Full-year Forecast for FY2024 ― Transportation FY2024 FY2023 FY2024 Unit: Millions of yen Change Notes Change Forecast Results Plan Operating revenues 215,100 208,335 6,765 212,300 2,800 Railways 160,600 156,602 3,998 158,900 1,700 Bus and taxi business＋1,624 Other 54,500 51,733 2,767 ＋1,134 53,40
Slide 19: Full-year Forecast: Leisure
Ⅲ．Full-year Forecast for FY2024 ― Leisure FY2024 FY2023 FY2024 Unit: Millions of yen Change Notes Change Forecast Results Plan Operating 174,300 184,761 ▲10,461 185,000 ▲10,700 revenues Travel 113,500 131,247 ▲17,747 126,500 ▲13,000 Hotel 33,500 27,701 5,799 31,400 2,100 SKYTREE 16,300 15,192 1,108
Slide 20: Full-year Forecast: Real Estate
Ⅲ．Full-year Forecast for FY2024 ― Real Estate FY2024 FY2023 FY2024 Unit: Millions of yen Change Notes Change Forecast Results Plan Operating revenues 59,800 62,975 ▲3,175 58,800 1,000 Real Estate leasing 37,000 35,875 1,125 37,100 ▲100 SKYTREE TOWN 13,000 12,611 389 12,400 600 Real Estate 9,800 14,4
Slide 21: Full-year Forecast: Retail Distribution
Ⅲ．Full-year Forecast for FY2024 ― Retail Distribution FY2024 FY2023 FY2024 Unit: Millions of yen Change Notes Change Forecast Results Plan Operating revenues 174,000 165,970 8,030 170,300 3,700 Department stores 61,800 58,082 3,718 59,100 2,700 Supermarket 75,200 72,766 2,434 75,000 200 Other 37,000
Slide 22: Full-year Forecast: Other
Ⅲ．Full-year Forecast for FY2024 ― Other FY2024 FY2023 FY2024 Unit: Millions of yen Change Notes Change Forecast Results Plan Operating revenues 86,800 91,873 ▲5,073 86,300 500 Operating profit 4,200 5,951 ▲1,751 3,800 400 Operating profit ROA 1.5% 2.2% ▲0.7P 1.3％ 0.2P Depreciation 1,700 1,548 152 1,
Slide 23: Long-Term Management Vision and Three Management Strategies
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Long-Term Management Vision and management strategies and policies looking ahead 10 years “Evolving Society and Areas along our Railway Lines by Taking on Challenges and Engaging in Cooperative Creation" Challe
Slide 24: Redevelopment of Ikebukuro Station West Exit Area
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Strengthening development business through promotion of redevelopment of Ikebukuro Station West Exit area ■Promotion of plan for redevelopment of Ikebukuro Station West Exit area (November 11, 2024 urban planni
Slide 25: Ikebukuro Station West Exit Redevelopment Plan Overview
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Strengthening development business through promotion of redevelopment of Ikebukuro Station West Exit area ■Promotion of plan for redevelopment of Ikebukuro Station West Exit area (November 11, 2024 urban planni
Slide 26: Developing Hotel Business to Capture Tourism Demand
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Maximizing captured tourism demand by developing hotel business ■New hotel development and promotion of renovation at existing hotels [Main plan] [Mid-2030s] Aiming for [New construction] [FY2024] Nihonbashi-Sa
Slide 27: Turning SAKULaLa into a Social Platform
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Aiming to turn SAKULaLa, a biometric authentication service, into a social platform ー Advantages of SAKULaLa over other biometric authentication services ー 1. Speedy introduction 2. Support for multiple 3. Link
Slide 28: SAKULaLa Results and Merchant Expansion Plan
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Aiming to turn SAKULaLa, a biometric authentication service, into a social platform Results at Tobu Stores High degree of customer Increase in purchase Reduce time at register Continued service use satisfaction
Slide 29: Expanding Revenue by Strengthening Digital Marketing
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Aiming to expand revenue by strengthening digital marketing Issuance of new TOBU Card Launch of new TOBU RAILWAY ticketless service Scheduled launch in spring 2025 Gradual introduction starting in January 2025
Slide 30: Sustainable Business Operations in the Railway Industry
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Achieving sustainable business operations in the railway industry ■Expanding revenue and improving business efficiency simultaneously Improving business Expanding revenue efficiency ◆Optimization of timetable a
Slide 31: Maximizing Captured Tourism Demand, Including Inbound
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Aiming to maximize captured tourism demand, including inbound Maximization of value at international eco Capturing tourism demand at TOKYO resort Nikko SKYTREE TOWN Enhancement of Enhancement of area Tokyo Sola
Slide 32: Becoming a Railway Line People Want to Move to and Stay
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Becoming a railway line to which people want to move and stay Development of condominium and apartment projects Promotion of development of commercial facilities that promote regional collaboration that increas
Slide 33: Enhancement of Shareholder Return
IV. Achievement of Long-Term Management Vision and Promotion of Medium-Term Business Plan Enhancement of shareholder return ■Buyback and retiring treasury shares August 2024 Share buyback: 7.1 million shares, ¥17.6 billion Retirement of shares: 8.6 million shares (4.15% of issued shares before retir
Slide 34: Important Notes Concerning This Document
Important Notes Concerning This Document The Company’s profit plan and other goals set forth in this document are based on projections of industry trends related to the business of the Company and Group companies and other such factors that impact business results, including the economy in Japan and