Keihan Holdings Co.,Ltd. · TSE:9045
Keihan Holdings Co.,Ltd — FY2016 Earnings Presentation
30 slides from Keihan Holdings Co.,Ltd's earnings presentation, May 13, 2016
Slide 1: FY2016 Financial Results Presentation
FY2016 (Fiscal year ended March 31, 2016) Financial Results Presentation May 13, 2016 Keihan Holdings Co., Ltd. (Tokyo Stock Exchange 1st / Securities Code: 9045 http://www.keihan-holdings.co.jp/) [Notes on forecasts] Descriptions of business forecasts and future prospects are based on current infor
Slide 2: Overview of FY2016 Financial Results
Overview of FY2016 Financial Results
Slide 3: Consolidated Statements of Income
Consolidated Statements of Income (Millions of yen) FY2015 FY2016 October 2015 Change Main factors of changes Results Results Estimate Operating revenue 294,906 300,188 5,282 Transportation +3,221, Real estate -421, Retail +674, 299,600 (1.8%) Leisure and service +2,052, Others +48 Operating income
Slide 4: Consolidated Balance Sheets
Consolidated Balance Sheets (Millions of yen) FY2015 FY2016 Change Main factors of changes Results Results Notes and accounts receivable -7,190, Current assets 171,449 168,510 -2,938 Other current assets +4,455 Buildings and structures +11,044, Land +7,194, Non-current assets 492,787 501,822 9,035 C
Slide 5: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Millions of yen) FY2015 FY2016 Change Main factors of changes Results Results Income before income taxes +5,429 Decrease in inventories +18,577 Cash flows from operating activities 21,459 36,334 14,875 Decrease in notes and accounts receivable–trade +11,376 Dec
Slide 6: Segment Information
Segment Information (Millions of yen) October 2015 FY2015 Results FY2016 Results Change Change (%) Estimate Operating revenue 294,906 300,188 5,282 1.8% 299,600 Transportation 90,341 93,562 3,221 3.6% 92,000 Real estate 89,454 89,033 -421 -0.5% 89,100 Retail 98,200 98,875 674 0.7% 101,000 Leisure an
Slide 7: Segment Information (Breakdown)
Segment Information (Breakdown) [Consolidated subsidiaries] 42 companies (Keihan Electric Railway is included in both the transportation business and the real estate business) [Equity method affiliates] 1 company Transportation Keihan Electric Railway Co., Ltd., Keifuku Electric Railroad Co., Ltd.,
Slide 8: Results of Transportation
Results of Transportation (Millions of yen) FY2015 FY2016 October 2015 Change Change (%) Main factors of changes Results Results Estimate Railway 77,627 (+2,918) Operating 90,341 93,562 3,221 3.6% Bus 27,039 (+285) 92,000 revenue Elimination -11,103 (+17) Railway 8,965 (+1,601) Operating income 8,08
Slide 9: Results of Real Estate
Results of Real Estate (Millions of yen) FY2015 FY2016 October 2015 Change Change (%) Main factors of changes Estimate Results Results Real estate 72,285 (-1,127) Operating revenue 89,454 89,033 -421 -0.5% Construction 21,535 (+1,900) 89,100 Elimination -4,788 (-1,193) Real estate 13,352 (-1,023) Op
Slide 10: Results of Retail
Results of Retail (Millions of yen) FY2015 FY2016 October 2015 Change Change (%) Main factors of changes Results Results Estimate Department store 51,016 (-1,567) Store 27,897 (+781) Operating revenue 98,200 98,875 674 0.7% 101,000 Shopping mall management 13,829 (-23) Others 9,093 (+1,546) Departme
Slide 11: Results of Leisure and Service
Results of Leisure and Service (Millions of yen) FY2015 FY2016 October 2015 Change Change (%) Main factors of changes Results Results Estimate Hotel 27,705 (+1,883) Operating revenue 29,761 31,813 2,052 6.9% Leisure 4,318 (+182) 30,800 Hotel 4,521 (+1,106) Operating income 3,299 4,599 1,300 39.4% Le
Slide 12: Non-consolidated Statements of Income
Non-consolidated Statements of Income (Millions of yen) FY2015 FY2016 Change October 2015 Change Main factors of changes Results Results (%) Estimate Operating revenue 86,342 87,685 1,342 1.6% 88,200 Number of passengers +2.7% Railway 52,675 54,146 1,470 2.8% Passenger transportation revenue +2.6% 5
Slide 13: FY2017 Forecasts
FY2017 Forecasts
Slide 14: Forecast of Consolidated Business Results
Forecast of Consolidated Business Results (Millions of yen) FY2016 FY2017 Change Change (%) Main factors of changes Results Forecast Transportation -162, Real estate -4,033, Operating revenue 300,188 299,500 -688 -0.2% Retail +6,224, Leisure and service -1,013 Transportation -2,593, Real estate -1,4
Slide 15: Forecast of Consolidated Business Results (Segment Information)
Forecast of Consolidated Business Results (Segment Information) (Millions of yen) FY2016 FY2017 Change Change (%) Main factors of changes Results Forecast Operating revenue 300,188 299,500 -688 -0.2% Transportation 93,562 93,400 -162 -0.2% Railway -727, Bus -439, Elimination +1,003 89,033 Real estat
Slide 16: Share Buyback and Issuance of Euro-Yen Convertible Bonds
Share Buyback and Issuance of Euro-Yen Convertible Bonds Issuance of euro-yen convertible Share buyback bonds (CB) Total amount of share buyback (maximum) JPY20 billion Total number of shares to buy back (maximum) 30 million shares ＋ Total issuance amount JPY20 billion (5 years, no coupon) Conversio
Slide 17: Progress Status of Keihan Group's Medium-Term Management Plan
TOPICS Progress Status of Keihan Group’s Medium-Term Management Plan “Bravely Pursuing Creation”
Slide 18: Keihan Group's Medium-Term Management Plan
Keihan Group’s Medium-Term Management Plan (FY2016 – FY2018) Basic Policy Keihan Group’s Determination to Take on Challenges at the “Second Foundation Stage” – Bravely Pursuing Creation – Strengthen Main Strategies the Management Foundation Achieve new growth through the creation of Continuous measu
Slide 19: Transition to a Holding Company System
Transition to a Holding Company System Up to March 31, 2016 Group management structure from April 1, 2016 Keihan Electric Railway Co., Ltd. Keihan Holdings Co., Ltd. (listed company) (listed company) Management strategy Management control Management strategy Real estate business Management control R
Slide 20: Keihan Holdings' Roles
Keihan Holdings’ Roles Implement cross-sectional strategies for a wide variety of group businesses Create new business models including alliances with companies from different industries Make an effective allocation of management resources including business properties to expand priority businesses
Slide 21: Proceeds from Transporting Passengers
Proceeds from Transporting Passengers Year-on-year change Increase: Purchase prior to the Increase: Renewal of KUZUHA MALL consumption tax hike Decrease: Reaction to the previous year’s +2.6% purchase prior to the consumption tax hike ◆ Income increase for the third consecutive ◆ Group Companies’ Ra
Slide 22: Impact of Inbound Travelers
Impact of Inbound Travelers Hotel Business Other Group Member Companies (FY2015; year-on-year comparison) ■ Kyoto regular tour buses ■ Osaka Aqua-Bus (Santa Maria Aqua Liner) Number of passengers on tour buses designed for Number of foreign travelers to Japan: 2.1-fold foreign travelers: up 34.0% 21
Slide 23: Achieve new growth through the creation of sightseeing opportunities
Achieve new growth through the creation of sightseeing opportunities Project to open a new hotel in the area in front of Kyoto Station • We will aim to open the Keihan Group’s flagship hotel, fitting for the global market, by promoting the integrated redevelopment of Kyoto Century Hotel and Kyoto Da
Slide 24: Create contents to enhance the "value of living"
Create contents to enhance the “value of living” Create contents under the theme “BIO-Style” “BIO-Style” is a lifestyle aimed at achieving a healthy, beautiful, and high-quality life and contributing to a recycling-oriented society. We will aim to establish “BIO-Style” as Keihan’s new brand, in addi
Slide 25: Continuous measures to revitalize railway transportation
Continuous measures to revitalize railway transportation toward regaining the glory of railway transportation Achieve synergy with the strategy to create sightseeing opportunities Renewal of Gion-shijo Station Open a Tourist Information Center (on April 28, 2016) Cater to the tourist information nee
Slide 26: Continuous measures to revitalize railway transportation
Continuous measures to revitalize railway transportation toward regaining the glory of railway transportation Achieve synergy with the strategy to create sightseeing opportunities Keifuku Electric Railroad Co., Ltd. creates a new station, “Satsuei-sho-mae,” on the Arashiyama Line Location: 1-5 Uzuma
Slide 27: Real estate business as the engine of the group's growth
Real estate business as the engine of the group’s growth Continue sales business with a focus on short-term turnover Main condominiums to be sold in the term ended March 31, 2017 and thereafter Property name, location, number of units for sale Scheduled to be posted in Fine City Sapporo, The Tower O
Slide 28: Real estate business as the engine of the group's growth
Real estate business as the engine of the group’s growth Enhance the real estate leasing business Participation in the Toranomon 1-chome district Type-1 urban area redevelopment project We participate in the redevelopment project under the initiative of Mori Building Company in the Toranomon area, w
Slide 29: Retail business to enhance the value of "community" and "living"
Retail business to enhance the value of “community” and “living” Further improve the quality of in-station shopping business ◆ Develop in-station shopping business at Shin-Osaka Station on the Midosuji Line ■ Keihan The Store Co., Ltd. is entrusted with and has started “in-station” developer busines
Slide 30: Hotel and leisure businesses to create sightseeing opportunities
Hotel and leisure businesses to create sightseeing opportunities Raise the quality of our existing hotels in terms of both facilities and contents Enhance competitiveness through renewals [Capture visitors to USJ] Hotel Keihan Universal Tower Renovation of 343 guest rooms was completed (17th to 30th