Odakyu Electric Railway : Results for the FY2021 ended March 31, 2022

Results for the FY2021 (Ended March 31, 2022)

April 28, 2022

Monthly Trends of Operations

Odakyu Electric Railway Number of Passengers

(Thousands)

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0

65,58	8	73,27	5
48	,022	2,91	9
48,7	69	4 （△	9,82 21.8	6 %）	（△	19.6	%）	4 （＋	,13 0.2	2 %
39,9	68	32, △5	098 .1	%	）	4	3	,07	2
25,6	20	25,8	33	30	,075	30 （△2	287 9.1%	）	（	31,6 △26.	19 %）	2	6.7	% 2 （△	,36 2.3	7 %
24	,24	3
17,9	47	（△3	9.3	%	）	（	20,03 △11.8	4 %）	（	23,1 △10.	20 3%）	2 （+	,76 21.	5 3
7, （△6	55 9.3	%	）	（	1 △2	6,6 4.	03 %）

4

5

6

7

8

9

10 11 12

1

2

3

4

5

6

7

8

9

10 11 12

1

2

34

5

6

7

8

9

10 11 12

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3

（Ｍonth）

2F0Y12091年9度

2F0Y2200年20度

20F2Y120年2度1

CommutersNon-commutersTotal

State of emergency and quasi-state of emergency

（Change from 2019)

Consolidated Statement of Income

*Since the Company is adopting standards, such as "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29), from FY2021, results for the previous fiscal year have not been reclassified.

Furthermore, the impact of adopting these new accounting standards is stated in in the FAQ section of our website.

Millions of yen	FY2020	FY2021	Change
Revenue from operations Transportation Merchandising Real Estate Other Businesses Adjustments	385,978	358,753	△27,224 (△7.1%)
116,230	131,207	+14,977
157,685	100,853	△56,831
72,872	80,946	+8,074
68,131	74,143	+6,011
△28,941	△28,397	+543
Operating income Transportation Merchandising Real Estate Other Businesses Adjustments	△24,190	6,152	+30,343 (－)
△25,937	△5,491	+20,446
△1,741	1,695	+3,437
16,459	18,570	+2,110
△13,020	△8,668	+4,352
49	46	△3
Ordinary income	△31,223	4,699	+35,923 (－)
Net income attributable to owners of parent	△39,804	12,116	+51,921 (－)

Capital investments	62,943	64,693	+1,749
Depreciation	51,258	49,363	△1,895
Interest-bearing debt	782,822	756,537	△26,284

Forecast at Feb. 2022	Change
365,400	△6,646 (△1.8%)
135,100	△3,892
101,500	△646
81,900	△953
73,700	+443
△26,800	△1,597
5,400	+752 (+13.9%)
△3,700	△1,791
1,000	+695
18,000	+570
△9,900	+1,231
0	+46
4,300	+399 (+9.3%)
10,000	+2,116 (+21.2%)

76,100	△11,406
49,500	△136
769,300	△12,762

Non-operating and extraordinary profit / loss Extent of Consolidated Accounting

＜Non-operating and extraordinary profit / loss＞

Millions of yen	FY2020	FY2021	Change and major factors
Non-operating income	4,111	5,020	+909	Non-operating income 238（＋238）
Non-operating expenses	11,144	6,473	△4,671	Interest expenses 4,839（△556） Non-operating expenses －（△3,398）
Extraordinary profit	14,153	25,390	+11,237	Proceeds from sales of investment securities 14,559（＋8,254） Subsidy income 5,488（＋1,879） Gain on sale of property and equipment 3,464（＋2,332）
Extraordinary loss	24,191	6,863	△17,328	Impairment loss 2,360（△13,391） Loss on temporary closure －（△2,587）

＜Number of subsidiaries and affiliated companies (Change from the end of the previous fiscal year)＞

Number of consolidated subsidiaries :38 （-1）

(Decrease) Generic Corporation Co., Ltd. ： Transfer of shares to SINCERE Corporation (November 2021)

Number of affiliated companies accounted for by the equity method: 1 (no change)

Consolidated Balance Sheets, Consolidated Statements of Cash Flows

＜Consolidated Balance Sheets＞

Millions of yen	FY2020	FY2021	Change and major factors
Current assets Noncurrent assets Total assets	146,692	125,542	△21,150
1,180,304	1,159,687	△20,616
1,326,996	1,285,230	△41,766	Cash and time deposits △27,415 Investment securities △20,649
Current liabilities Long-term liabilities Total liabilities	339,704	340,182	＋478
634,835	595,789	△39,045
974,539	935,972	△38,566	Interest-bearing debt △26,284
Net assets	352,456	349,257	△3,199	Retained earnings ＋7,722 Net realized gain on securities, net of taxes △10,382
Total liabilities and net assets	1,326,996	1,285,230	△41,766

＜Consolidated Statements of Cash Flows＞

Millions of yen	FY2020	FY2021	Change and major factors
Cash flows from operating activities	27,178	48,617	＋21,438
Cash flows from investing activities	△43,582	△45,515	△1,933	(-) Increase in capital investments (+) Increase in proceeds from sales of investment securities
Cash flows from financing activities	37,207	△30,573	△67,780	(-) Increase in borrowings and proceeds from issuance of bonds
Net change in cash and cash equivalents	20,803	△27,471	△48,274
Increase in cash and cash equivalents associated with mergers	－	56	＋56
Cash and cash equivalents end of the year	49,267	21,852	△27,415

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