Kyushu Railway Company · TSE:9142
Kyushu Railway — Q1 FY25.3 Earnings Presentation
30 slides from Kyushu Railway's earnings presentation, Aug 6, 2024
Slide 1: FY25.3 First Quarter Investors Meeting
FY25.3 First Quarter Investors Meeting August 6, 2024 KYUSHU RAILWAY COMPANY
Slide 2: Contents
Contents Ⅰ Financial Results for the First Three Months of FY25.3 4 Ⅱ Full-Year Performance Forecasts and Dividend Forecasts 8 for FY25.3 Ⅲ Status of Segments 13 Ⅳ Progress on the Medium-Term Business Plan 22 Ⅴ About the Application to Revise Rail Fares and Charges 28 2
Slide 3: Highlights
Highlights Owing to demand recovery in each segment, consolidated operating revenues, operating Financial results for the first three income, and ordinary income all increased year on year. months of FY25.3 Net income attributable to owners of the parent decreased year on year, owing to a decrea
Slide 4: I. Financial Results for the First Three Months of FY25.3
I. Financial Results for the First Three Months of FY25.3 4
Slide 5: Consolidated Financial Highlights for the Three-Month Period Ended June 30, 2024
Consolidated Financial Highlights for the Three-Month Period Ended June 30, 2024 （\bil） Key points 3 months ended 3 months ended June 30, 2023 June 30, 2024 YoY The sale of properties decreased, but railway transportation revenue rebounded, Operating revenue 97.9 104.1 6.2 106.4% performance at ex
Slide 6: Consolidated Results for the First Three Months of FY25.3 (by Segment)
Consolidated Results for the First Three Months of FY25.3 (by Segment) （\bil） 3 months ended 3 months ended YoY Major factors June 30, 2023 June 30, 2024 Operating revenue 97.9 104.1 6.2 106.4% Transportation 38.5 40.4 1.9 105.0% Railway Business (non-consolidated) 37.9 39.7 1.8 104.9% Increase due
Slide 7: Non-consolidated Results for the First Three Months of FY25.3
Non-consolidated Results for the First Three Months of FY25.3 (\bil) 3 months ended 3 months ended YoY Major Factors June 30, 2023 June 30, 2024 Operating revenue 56.6 57.3 0.6 101.1% Railway transportation 34.2 35.9 1.7 105.2% Increase due to moderate recovery in demand revenues Shinkansen 13.1 13.
Slide 8: Full-Year Performance Forecasts and Dividend Forecasts for FY25.3
Ⅱ Full-Year Performance Forecasts and Dividend Forecasts for FY25.3 8
Slide 9: Consolidated Financial Forecast Highlights for FY25.3
Consolidated Financial Forecast Highlights for FY25.3 Key points （\bil） Although personnel expenses will rise due Medium-Term to improved employee compensation, we Results Forecasts YoY Business Plan Vs. targets expect higher railway transportation FY24.3 FY25.3 targets revenue and a decline in ma
Slide 10: Consolidated Financial Forecasts for FY25.3 (by Segment)
Consolidated Financial Forecasts for FY25.3 (by Segment) (\bil) Medium-Term Results Forecasts YoY Major factors Business Plan Vs. targets FY24.3 FY25.3 targets Operating revenue 420.4 441.1 20.6 104.9% 440.0 1.1 100.3% Transportation 163.7 166.6 2.8 101.7% Increase due to moderate recovery in demand
Slide 11: Non-consolidated Financial Forecasts for FY25.3
Non-consolidated Financial Forecasts for FY25.3 （\bil） Results Forecasts YoY Major factors FY24.3 FY25.3 Operating revenue 234.3 234.1 (0.2) 99.9% Railway transportation 145.0 147.7 2.6 101.8% Increase due to moderate recovery in demand revenues Shinkansen 57.5 58.7 1.1 102.0% Conventional Lines 87.
Slide 12: FY25.3 Dividend Forecasts
FY25.3 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 In Q1 FY25.3, railway transportation revenues were essentially at anticipated levels. Railway business expenses were also largely in line with expectations. 【Results】 【Forecasts】 （\bil） （\bil） 3 months 3 months FY24.3 FY25.3 ended June ended June YoY YoY Results Forecasts
Slide 15: Status of Inbound Measures in the Railway Business
Status of Inbound Measures in the Railway Business In Q1 FY25.3, inbound revenue remained essentially at FY24.3 2H levels. Inbound Revenue (approximate) 25.0 Demand for JR-KYUSHU RAIL PASS JR-KYUSHU RAIL PASS その他 Others Vs. FY19.3 160% 19.3期比 FY19.3 FY24.3 FY25.3 1Q １Q 1Q 141% 144% Vs. Vs. 20.0 Re
Slide 16: Railway Business (Transportation Data)
Railway Business (Transportation Data) Railway transportation revenues 3 months ended 3 months ended YoY Major Factors June 30, 2023 June 30, 2024 Total 34.2 35.9 1.7 105.2% Commuter pass 7.7 8.0 0.2 103.1% Non-commuter pass 26.4 27.9 1.5 105.8% Cargo 0.0 0.0 0.0 129.5% Shinkansen 13.1 13.9 0.8 106.
Slide 17: Real Estate and Hotels Segment: Real Estate Leasing Business
Real Estate and Hotels Segment: Real Estate Leasing Business Station building tenant sales in FY25.3 Q1 are exceeding expectations, driven by JR Hakata City. In May 2024, we acquired a site in Fukuoka Prefecture to develop what will become our sixth logistics facility. 【Results】 【Forecasts】 （\bi
Slide 18: Real Estate and Hotels Segment: Real Estate Sales Business
Real Estate and Hotels Segment: Real estate Sales business Condominium sales were up slightly year on year in FY25.3 1Q. Property sales were decrease in revenue due to reflection to the sales in FY24.3 1Q. 【Results】 【Forecasts】 （\bil） （\bil） 3 months ended 3 months ended FY24.3 FY25.3 YoY YoY Ju
Slide 19: Real Estate and Hotels Segment: Hotel Business
Real Estate and Hotels Segment: Hotel Business As in the previous fiscal year, in FY25.3 Q1, hotels with a high ratio of inbound guests continued to be a driving force, with ADR outpacing expectations and overall occupancy rates as a whole essentially in line with the forecast. 【Results】 【Forecast
Slide 20: Retail and Restaurant Segment
Retail and Restaurant Segment In FY25.3 Q1, performance at existing retail stores and restaurants was favorable, leading to higher revenue and income. 【Results】 【Forecasts】 （\bil） （\bil） 3 months ended 3 months ended FY24.3 FY25.3 YoY YoY June 30, 2023 June 30, 2024 Results Forecasts Operating rev
Slide 21: Construction Segment, Business Services Segment
Construction Segment, Business Services Segment Construction Segment 【Results】 【Forecasts】 （\bil） （\bil） 3 months ended 3 months ended FY24.3 FY25.3 YoY YoY June 30, 2023 June 30, 2024 Results Forecasts Operating revenue 15.3 15.9 0.6 104.3% 90.0 95.0 4.9 105.4% Operating income (0.5) (0.9) (0.3) -
Slide 22: Progress on the Medium-Term Business Plan
Ⅳ Progress on 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 (Future Railway Project)
Key Strategy ❶ Completing Business Structural Reforms｜ Railway Business (Future Railway Project) On May 29, the JR Kyushu app has undergone its first major update. Introduce a new measure to attract new app users. Use new technology to manufacture railroad parts, helping to reduce maintenance co
Slide 25: Key Strategy 1: Relocating to a New Environmentally Friendly Railyard
Key Strategy ❶ Completing Business Structural Reforms | Relocating to a New Environmentally Friendly Railyard We will relocate from an aging railyard, which is more than 100 years old, to a new environmentally friendly railyard. Background and Objectives Proposed Relocation Site and Completion Dat
Slide 26: Key Strategy 2: Maximizing the Effect of Opening Nishi-Kyushu Shinkansen
Key Strategy ❷ Creating a Model for Building Cities That Promote Well- Being | Maximizing the Effect of Opening Nishi-Kyushu Shinkansen September 2024 will market the second anniversary of the opening of Nishi-Kyushu Shinkansen, and performance has been steady. The number of commuter pass users
Slide 27: Key Strategy 2: Comprehensive Collaboration Agreements with Local Governments
Key Strategy ❷ Creating a Model for Building Cities That Promote Well-Being | Comprehensive Collaboration Agreements with Local Governments along the line We have signed comprehensive collaboration agreements with the Kasuya Town and the Sasaguri Town, which are located in the Fukuoka metropolitan
Slide 28: About the Application to Revise Rail Fares and Charges
V. About the Application to Revise Rail Fares and Charges 28
Slide 29: About the Application to Revise Rail Fares and Charges
About the Application to Revise Rail Fares and Charges On July 19, we filed an application for approval of a change in the maximum rail fares and charges for our railway business. We determined that the application of revise is necessary to resolve issues for continuation of our railway business
Slide 30: 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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