Financial Results Briefing Materials for the Three Months Ended June 30, 2022
July 26, 2022
Kanagawa Chuo Kotsu Co., Ltd.
Summary of Financial Results for
the Three Months Ended June 30, 2022
Disclaimer: This document is an English translation of the original document in Japanese and has been prepared solely for reference purposes. In the event of any discrepancy between this English translation and the original in Japanese, the original shall prevail in all respects.
Status of the General Passenger Automobile Traffic Business
Copyright 2022 Kanagawa Chuo Kotsu Co.,Ltd. All Rights Reserved.
Status during the period and as of June 30, 2022
◼ The three months ended June 30, 2022 witnessed a moderate recovery trend following the lifting of the focused measures to prevent the spread of COVID-19 in March 2022.
◼ While passenger demand has been recovering compared to the previous fiscal year, it still falls short of pre-COVID-19 levels (FY2019).
Passenger bus business | ◼ Passenger demand is recovering mainly on weekdays and traffic revenue has recovered to nearly 90% of pre- |
COVID-19 levels. | |
Chartered bus business | ◼ Although the effects of the focused measures to prevent the spread of COVID-19, which were lifted in March 2022, |
remained until mid-May, the number of vehicles in operation for June recovered to 90% of pre-COVID-19 levels. | |
Passenger taxi business | ◼ Thanks to a certain level of recovery in night time demand reflecting the extended business hours of restaurants, |
the number of passenger traffic recovered to around 60% of pre-COVID-19 levels. | |
*Pre-COVID-19 levels: FY2019 results |
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Consolidated Statement of Income
Copyright 2022 Kanagawa Chuo Kotsu Co.,Ltd. All Rights Reserved.
(Million yen) | |||||
Three months | Three months | ||||
ended June 30, | ended June 30, | Increase/decrease | |||
2022 | 2021 | ||||
Net sales | 24,722 | 23,686 | 1,036 | ||
[4.4%] | |||||
General passenger automobile | 12,539 | 11,231 | 1,308 | ||
traffic business | |||||
Real estate business | 1,752 | 1,893 | (140) | ||
Automobile sales business | 5,840 | 6,130 | (290) | ||
Other businesses | 6,481 | 6,070 | 411 | ||
Remeasurements | (1,891) | (1,638) | (252) | ||
Operating profit | 1,448 | 145 | 1,303 | ||
[893.7%] | |||||
General passenger automobile | 403 | (899) | 1,303 | ||
traffic business | |||||
Real estate business | 735 | 704 | 30 | ||
Automobile sales business | 210 | 212 | (2) | ||
Other businesses | 119 | 146 | (26) | ||
Remeasurements | (19) | (18) | (1) | ||
Ordinary profit | 1,698 | 725 | 972 | ||
[134.1%] | |||||
Profit attributable to owners of parent | 1,392 | 478 | 913 | ||
[191.0%] | |||||
Basic earnings per share | 113.47 yen | 38.99 yen | 74.48 yen | ||
Depreciation | 1,542 | 1,658 | (115) | ||
EBITDA (Operating profit + Depreciation) | 2,991 | 1,803 | 1,187 | ||
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Non-operating Income/Loss and Extraordinary Income/Loss
Copyright 2022 Kanagawa Chuo Kotsu Co.,Ltd. All Rights Reserved.
(Million yen)
Three months | Three months | |||
ended June 30, | ended June 30, | Increase/decrease | Comments | |
2022 | 2021 | |||
Non-operating income | 357 | 686 | (329) | Subsidy income: (341) |
Non-operating | Share of loss of entities accounted for | |||
107 | 106 | 1 | using equity method: +5 | |
expenses | ||||
Interest expenses: (4) | ||||
Extraordinary income | 2 | 102 | (100) | Subsidy income: (80) |
Gain on sale of non-current assets: (14) | ||||
Loss on retirement of non-current | ||||
assets: (89) | ||||
Extraordinary loss | 19 | 221 | (202) | Loss on tax purpose reduction entry of |
non-current assets: (79) | ||||
Impairment losses: (28) |
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