Presentation on
FY2023 Financial Results for Investors
May 17, 2024
Nankai Electric Railway Co., Ltd.
(Tokyo Stock Exchange, Prime Market, Securities Code: 9044)
Contents | 1 |
I. Summary of Financial Results for FY2023 | 2 |
II. Business Forecasts for FY2024 | 22 |
- Progress of the Medium-term Management Plan
"Kyoso 140 Plan" | 29 |
IV. Sustainable Management Initiatives | 53 |
Appendix | 58 |
2
I. Summary of Financial Results for FY2023
Performance highlights (i) | 3 |
Operating revenue
Operating income
Non-operating income
Non-operating expenses
Ordinary income
Extraordinary income
Extraordinary losses
Profit attributable to owners of parent
(Millions of yen)
FY2023 | FY2022 | Compared to | FY2023 | Compared to | ||
FY2022 results | forecasts | FY2023 forecasts | ||||
results | results | |||||
Change | Percentage | (Announced | Change | Percentage | ||
(A) | (B) | October 2023) | ||||
(A-B) | change | (A-C) | change | |||
(C) | ||||||
241,594 | 221,280 | 20,314 | 9.2% | 248,000 | −6,405 | −2.6% |
30,820 | 21,023 | 9,797 | 46.6% | 27,200 | 3,620 | 13.3% |
2,461 | 2,264 | 197 | 8.7% | |||
3,970 | 4,322 | −352 | −8.2% | |||
29,312 | 18,965 | 10,347 | 54.6% | 25,400 | 3,912 | 15.4% |
8,236 | 3,009 | 5,226 | 173.7% | |||
3,755 | 2,600 | 1,154 | 44.4% | |||
23,926 | 14,623 | 9,303 | 63.6% | 21,800 | 2,126 | 9.8% |
Both revenue and income grew due to factors such as an increase in the number of passengers transported in the transportation business and an increase in revenue from property sales in the real estate business.
Despite a decline in revenue due to a decrease in the volume of cargo transportation handled in the cargo transportation business and other factors, income grew mainly as a result of an increase in the number of passengers transported in the railway and bus businesses and a reduction in expenses.
Performance highlights (ii) | 4 | |
(Millions of yen) |
Investment
Depreciation and amortization
EBITDA*
Interest-bearing debt
Net interest-bearing debt
Ratio of interest-bearing debt to EBITDA*
Ratio of net interest-bearing debt to EBITDA*
FY2023 results
(A)
25,787
27,477
59,490
430,979
387,693
- times
- times
FY2022 | Compared to | FY2023 | Compared to | ||
FY2022 results | forecasts | FY2023 forecasts | |||
results | Change | Percentage | Change | Percentage | |
(Announced | |||||
(B) | |||||
(A-B) | change | October 2023) | (A-C) | change | |
(C) | |||||
27,872 | −2,085 | −7.5% | 48,100 | −22,312 | −46.4% |
27,619 | −141 | −0.5% | 27,600 | −122 | −0.4% |
49,645 | 9,845 | 19.8% | 56,000 | 3,490 | 6.2% |
474,514 | −43,535 | −9.2% | 438,600 | −7,620 | −1.7% |
436,105 | −48,412 | −11.1% | 416,100 | −28,406 | −6.8% |
9.6 times | −2.4 pt | - | 7.8 times | −0.6 pt | - |
8.8 times | −2.3 pt | - | 7.4 times | −0.9 pt | - |
Investment | Decrease due to the completion of Building E at the Osaka Prefectural Food Products Distribution Center |
in the previous fiscal year, etc. | |
Net interest-bearing debt | Decrease due to improved cash flows resulting from increased income and property sales. |
Investment | Decreased due to rescheduled investments, etc. |
Net interest-bearing debt | Decreased due to rescheduled investments, increased income, etc. |
* Operating income + Dividend income + Depreciation and amortization
Status of segment composition (as of March 31, 2024) | 5 |
[Consolidated subsidiaries: 52, non-consolidated subsidiaries: 17, non-equity method affiliates: 6]
Change (from March 31, 2023)
Decrease in consolidated subsidiaries, 2 companies : | (intra-group merger) Osaka Prefectural Food Products Distribution Center Co., Ltd. |
Tokushima Bus Anan Co., Ltd. |
Transportation | Real Estate | Distribution | Leisure and Services | Construction | Other |
(34 companies) | (5 companies) | (9 companies) | (20 companies) | (4 companies) | (8 companies) |
- Nankai Electric Railway Co., Ltd. (the Company) is included in duplicate in the Transportation, Real Estate, Distribution, and Leisure and Services segments. SEMBOKU RAPID RAILWAY CO., LTD. is included in duplicate in the Transportation and Real Estate segments.
[ Operating revenue ] | [ Operating income ] |
(Billions of yen) | (Billions of yen) |
* Percentage share: Ratio to operating revenue, including that from intersegment transactions
Segment operating revenue and operating income | 6 |
(compared to FY2022)
(Millions of yen)
(i) Change of operating revenue (compared to FY2022)
(ii) Change of operating income (compared to FY2022)
Segment operating revenue and operating income | 7 |
(compared to FY2022)
(Millions of yen)
Operating revenue | Operating income | |||||||
FY2023 | FY2022 | Change | Percentage | FY2023 | FY2022 | Change | Percentage | |
results | results | change | results | results | change | |||
Transportation | 101,817 | 95,532 | 6,284 | 6.6% | 8,126 | 1,152 | 6,974 | 605.3% |
Real Estate | 53,140 | 44,627 | 8,513 | 19.1% | 14,720 | 12,570 | 2,149 | 17.1% |
Distribution | 26,760 | 23,607 | 3,152 | 13.4% | 2,661 | 1,710 | 950 | 55.6% |
Leisure and | 43,104 | 39,851 | 3,253 | 8.2% | 3,402 | 3,550 | −148 | −4.2% |
Services | ||||||||
Construction | 44,792 | 43,662 | 1,130 | 2.6% | 1,794 | 1,889 | −95 | −5.0% |
Other | 4,089 | 2,963 | 1,125 | 38.0% | 179 | 175 | 3 | 2.0% |
Adjustment | −32,109 | −28,964 | - | - | −62 | −25 | - | - |
Total | 241,594 | 221,280 | 20,314 | 9.2% | 30,820 | 21,023 | 9,797 | 46.6% |
Segment operating revenue and operating income | 8 |
(compared to forecasts announced in October 2023)
(Millions of yen)
- Change of operating revenue (compared to forecasts announced in October 2023)
(ii) Change of operating income (compared to forecasts announced in October 2023)
Segment operating revenue and operating income | 9 |
(compared to forecasts announced in October 2023)
(Millions of yen)
Operating revenue | Operating income | |||||||
FY2023 | FY2023 | Percentage | FY2023 | FY2023 | Percentage | |||
forecasts | Change | forecasts | Change | |||||
results | change | results | change | |||||
(Announced | (Announced | |||||||
October 2023) | October 2023) | |||||||
Transportation | 101,817 | 105,400 | −3,582 | −3.4% | 8,126 | 7,100 | 1,026 | 14.5% |
Real Estate | 53,140 | 53,600 | −459 | −0.9% | 14,720 | 13,700 | 1,020 | 7.4% |
Distribution | 26,760 | 25,900 | 860 | 3.3% | 2,661 | 1,900 | 761 | 40.1% |
Leisure and | 43,104 | 43,100 | 4 | 0.0% | 3,402 | 2,600 | 802 | 30.8% |
Services | ||||||||
Construction | 44,792 | 45,800 | −1,007 | −2.2% | 1,794 | 1,800 | −5 | −0.3% |
Other | 4,089 | 3,700 | 389 | 10.5% | 179 | 100 | 79 | 79.3% |
Adjustment | −32,109 | −29,500 | - | - | −62 | −0 | - | - |
Total | 241,594 | 248,000 | −6,405 | −2.6% | 30,820 | 27,200 | 3,620 | 13.3% |
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Disclaimer
Nankai Electric Railway Co. Ltd. published this content on 19 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 June 2024 04:13:07 UTC.