FY2023
Financial Results Briefing
May 15, 2024
TOBU RAILWAY CO., LTD.
Table of Contents
Ⅰ . FY2023 Business Results | P02 |
Ⅱ. FY2024 Plan | P12 |
Ⅲ. Reflecting on the Medium-Term | P20 |
Business Plan | |
Ⅳ. Analysis of Business Environment | P21 |
Ⅴ. Long-Term Management Vision | P22 |
Ⅵ. Medium-Term Business Plan | P25 |
All rights reserved. Copyright © TOBU RAILWAY CO.,LTD. | 1 |
Ⅰ.FY2023 Business Results ― Subsidiaries・Affiliates
Subsidiaries | March | Increase | Decrease | March | Notes |
2023 | 2024 | ||||
Transportation | 27 | - | - |
Leisure | 16 | - | 1 |
Real Estate | 3 | - | - |
Retail Distribution | 8 | - | - |
Other | 15 | - | - |
27
15 | July,2023. |
Decrease in liquidation conclusion Tiramisu Holdings Co.,Ltd. |
3
8
15
Total | 69 | - | 1 | 68 | |
Affiliates | March | Increase | Decrease | March | Notes |
2023 | 2024 | ||||
Transportation | 1 | - | - | 1 | |
Leisure | 2 | - | - | 2 | |
Real Estate | - | - | - | - | |
Retail Distribution | - | - | - | - | |
Other | - | - | - | - | |
Total | 3 | - | - | 3 | |
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2
Ⅰ.FY2023 Business Results ― Consolidated statement of income
FY2022 | |||||
Unit: Millions of yen | FY2023 | Change | Notes | ||
Results | Results | ||||
Transportation | +19,145 | ||||
Operating revenues | 635,964 | 614,751 | 21,213 | Leisure | -3,592 |
Real Estate | +2,060 | ||||
Retail Distribution +2,191 | |||||
Other | +9,971 | ||||
Transportation | +10,489 | ||||
Leisure | -29 | ||||
Operating profit | 73,883 | 56,688 | 17,195 | Real Estate | +2,551 |
Retail Distribution +1,831 | |||||
Other | +3,305 | ||||
Ordinary profit | 72,033 | 54,815 | 17,217 | ||
Extraordinary income | 52,010 | 8,735 | 43,275 | ||
Extraordinary losses | 56,195 | 18,391 | 37,803 | ||
Profit attributable to owners of | 48,164 | 29,179 | 18,984 | ||
parent | |||||
Ratio of operating profit to net | 11.6% | 9.2% | 2.4P | ||
sales | |||||
Operating profit ROA* | 4.3% | 3.3% | 1.0P | ||
ROE* | 9.5% | 6.3% | 3.2P | ||
Depreciation | 52,916 | 53,354 | -438 | ||
EBITDA | 126,799 | 110,043 | 16,756 | ||
FY2023 | Change |
Plan | |
632,000 | 3,964 |
70,000 | 3,883 |
67,500 | 4,533 |
- | - |
- | - |
45,000 | 3,164 |
11.1% | 0.5P |
- | - |
- | - |
53,300 | -383 |
123,300 | 3,499 |
*Operating income ROA = Consolidated operating income/{(Beginning total assets + Ending total assets)/2} *ROE = Profit attributable to owners of parent/{(Beginning equity + Ending equity)/2}
*Plan figures are those from announcement on February 7, 2024.(P3~P11)
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3
Ⅰ.FY2023 Business Results | ― Segment Profit | ||||||
Unit: Millions of yen | FY2023 | FY2022 | Change | FY2023 | Change | ||
Results | Results | Plan | |||||
Operating revenues | 208,335 | 189,189 | 19,145 |
Transportation | |||
Operating profit | 29,870 | 19,381 | 10,489 |
Operating revenues | 184,761 | 188,354 | -3,592 |
Leisure | |||
Operating profit | 19,440 | 19,470 | -29 |
Operating revenues | 62,975 | 60,915 | 2,060 |
Real Estate | |||
Operating profit | 16,232 | 13,681 | 2,551 |
Operating revenues | 165,629 | 163,438 | 2,191 |
Retail Distribution | |||
Operating profit | 4,434 | 2,602 | 1,831 |
Operating revenues | 91,873 | 81,902 | 9,971 |
Other | |||
Operating profit | 5,951 | 2,646 | 3,305 |
207,600 735
30,100 -230
183,500 1,261
18,100 1,340
61,300 1,675
14,900 1,332
165,400 229
4,000 434
86,300 5,573
4,300 1,651
Operating revenues | -77,610 | -69,048 | -8,562 |
Adjustment | |||
Operating profit | -2,047 | -1,093 | -954 |
-72,100-5,510
-1,400-647
Operating revenues | 635,964 | 614,751 | 21,213 | 632,000 | 3,964 |
Consolidated | |||||
Operating profit | 73,883 | 56,688 | 17,195 | 70,000 | 3,883 |
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4
Ⅰ.FY2023 Business Results ― Consolidated balance sheet
Unit: Millions of yen | FY2023 | FY2022 | Change | Notes |
Results | Results | |||
Current assets
Non-current assets
168,953 | 206,090 | -37,137 | Cash and deposits-37,807 |
1,535,110 | 1,532,105 | 3,005 |
Total assets | 1,704,063 | 1,738,195 | -34,132 | |
Current liabilities | 386,322 | 459,439 | -73,116 | Advances received-27,725 |
Non-current liabilities | 776,027 | 798,181 | -22,153 | |
Total liabilities | 1,162,350 | 1,257,620 | -95,270 | |
Total net assets | 541,713 | 480,575 | 61,138 | Retained earnings+40,010 |
Total liabilities and net | 1,704,063 | 1,738,195 | -34,132 | |
assets | ||||
Equity ratio
Interest-bearing debt balance
Interest-bearing debt/EBITDA multiple
Capital expenditures
31.4% | 27.3% | 4.1P |
749,777 | 795,502 | -45,724 |
5.9 | 7.2 | -1.3P |
63,353 | 55,018 | 8,335 |
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5
Ⅰ.FY2023 Business Results ― | Consolidated statement of cash flows | |||
Unit: Millions of yen | FY2023 | FY2022 | Change | Notes |
Results | Results | |||
Cash flows from operating activities | 91,690 | 101,115 | -9,425 | Decrease in trade payables-12,422 |
Increase in Purchase of property, plant and | ||||
Cash flows from investing activities | -61,625 | -52,711 | -8,913 | |
equipment and intangible assets-25,671 | ||||
Increase in repayments of long-term borrowings | ||||
Cash flows from financing activities | -67,918 | -25,285 | -42,633 | |
-28,827 | ||||
Net increase in cash and | -37,816 | 23,188 | -61,004 | |
cash equivalents | ||||
Cash and cash equivalents | ||||
31,258 | 69,074 | -37,816 | ||
at end of period | ||||
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6
Ⅰ.FY2023 Business Results ― Transportation
Unit: Millions of yen | FY2023 | FY2022 | Change | Notes | FY2023 | Change | |
Results | Results | Plan | |||||
Operating revenues | 208,335 | 189,189 | 19,145 | ||
Railways | 156,602 | 141,477 | 15,125 | ||
Bus and taxi | +2,908 | ||||
Other | 51,733 | 47,712 | 4,020 | ||
Freight | +1,102 | ||||
Operating profit | 29,870 | 19,381 | 10,489 | ||
Railways | 26,398 | 17,432 | 8,966 | ||
Bus and taxi | +2,109 | ||||
Other | 3,471 | 1,948 | 1,522 | ||
Freight | -586 | ||||
207,600 735
156,200 402
51,400 333
30,100 -230
27,000 -602
3,100 371
Operating profit ROA
Depreciation
EBITDA
Capital Expenditures
3.0% | 2.0% | 1.0P | - | - | ||
31,546 | 31,286 | 260 | 31,700 | -153 | ||
61,416 | 50,667 | 10,749 | 61,800 | -383 | ||
38,803 | 33,891 | 4,912 | 42,300 | -3,497 | ||
Tobu Railway Lines | FY2023 | FY2022 | FY2023 | |
Number of Passengers | ||||
Results | Results | Plan | ||
(Unit: 1 Million people) | ||||
Commuter | 524 | 508 | 524 | |
Passengers | ||||
Non-Commuter | 313 | 291 | 313 | |
Passengers | ||||
(Limited Express) | 6 | 5 | 6 | |
Total | 837 | 798 | 837 | |
Tobu Railway Lines | FY2023 | FY2022 | FY2023 | |
Passenger Revenue | ||||
Results | Results | Plan | ||
(Unit: Millions of yen) | ||||
Commuter | 59,856 | 55,325 | 59,979 | |
Passengers | ||||
Non-Commuter | 81,042 | 70,765 | 80,683 | |
Passengers | ||||
(Limited Express) | 6,320 | 4,727 | 6,182 | |
Total | 140,898 | 126,090 | 140,662 | |
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* Non-commuter passenger revenue includes limited express fee and seat reservation fees. 7
Ⅰ.FY2023 Business Results ― Leisure
Unit: Millions of yen | FY2023 | FY2022 | Change | Notes | FY2023 | Change | |
Results | Results | Plan | |||||
Operating revenues | 184,761 | 188,354 | -3,592 | ||
Travel | 131,247 | 147,219 | -15,971 | ||
Hotel | 27,701 | 20,086 | 7,615 | ||
SKYTREE | 15,192 | 10,832 | 4,360 | ||
Other | 10,618 | 10,215 | 402 | Amusement parks and tourism+328 | |
Sports | +156 | ||||
Operating profit | 19,440 | 19,470 | -29 | ||
Travel | 8,974 | 16,581 | -7,607 | ||
Hotel | 3,159 | -1,943 | 5,102 | ||
SKYTREE | 6,109 | 3,748 | 2,360 | ||
Other | 1,198 | 1,083 | 114 | Amusement parks and tourism+72 | |
Sports | +42 | ||||
Operating profit ROA | 7.4% | 7.6% | -0.2P | ||
Depreciation | 5,934 | 6,400 | -465 | ||
EBITDA | 25,375 | 25,870 | -494 | ||
Capital Expenditures | 10,033 | 2,727 | 7,306 | ||
183,500 1,261
130,700 547
27,400 301
14,800 392
10,600 18
18,100 1,340
8,500 474
2,800 359
5,600 509
1,200 -2
- -
5,900 34
24,000 1,375
10,400 -367
Number of visitors | FY2023 | FY2022 |
(Unit: 1 Million | Results | Results |
people) | ||
SKYTREE | 447 | 286 |
FY2023
Plan
443
Main Hotels FY2023 FY2022 Occupancy Results Results
Rate
CY Ginza 24.7% 60.0%
AC Ginza 84.0% 49.9%
Kinshicho 87.2% 69.4%
Narita 81.2% 93.8%
FY2023
Plan
25.4%
83.6%
86.3%
80.4%
Main Hotels | ||
FY2023 | FY2022 | |
Percentage of | ||
foreign | Results | Results |
nationals | ||
CY Ginza | 77.3% | 48.1% |
AC Ginza | 73.1% | 50.8% |
Kinshicho | 73.9% | 35.1% |
Narita | 66.2% | 27.7% |
※CY Ginza Closed for renovation from May 2023 to November 2023. | 8 | |
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Ⅰ.FY2023 Business Results ― | Real Estate | ||||||
Unit: Millions of yen | FY2023 | FY2022 | Change | Notes | FY2023 | Change | |
Results | Results | Plan | |||||
Operating revenues | 62,975 | 60,915 | 2,060 | |
Leasing | 35,875 | 36,044 | -168 | |
SKYTREE TOWN | 12,611 | 11,025 | 1,585 | |
Subdivision | 14,488 | 13,845 | 643 | |
Operating profit | 16,232 | 13,681 | 2,551 | |
Leasing | 8,331 | 8,318 | 12 | |
SKYTREE TOWN | 3,636 | 2,258 | 1,378 | |
Subdivision | 4,264 | 3,104 | 1,160 | |
Operating profit ROA | 4.7% | 4.0% | 0.7P | |
Depreciation | 10,298 | 10,251 | 46 | |
EBITDA | 26,531 | 23,933 | 2,598 | |
Capital Expenditures | 9,707 | 13,778 | -4,071 | |
61,300 1,675
34,800 1,075
12,300 311
14,200 288
14,900 1,332
7,600 731
3,300 336
4,000 264
- -
10,400 -101
25,300 1,231
9,800 -93
Number of visitors | FY2023 | FY2022 |
(Unit: 1 Million people) | Results | Results |
FY2023
Plan
Number of Units Sold | FY2023 | FY2022 | FY2023 | |
Unit:1unit | Results | Results | Plan | |
SKYTREE TOWN | 3,716 | 3,088 | 3,686 | Detached houses | 42 | 40 | 35 | |||
Condominiums | 410 | 552 | 409 | |||||||
Number of Units Sold | ||||||||||
After Converting Share | ||||||||||
Detached houses | 26 | 27 | 22 | |||||||
Condominiums | 313 | 297 | 313 | |||||||
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Tobu Railway Co. Ltd. published this content on 31 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2024 01:00:03 UTC.