Tokyu : Summary of Results for the First Quarter of FY2022

Summary of Results

for the First Quarter of FY2022

August 10, 2022

Tokyu Corporation

(9005)

https://www.tokyu.co.jp/

Contents

Ⅰ．

Ⅱ．

Ⅲ．

Ⅳ．

Executive Summary

Key Performance Indicators for Each Business

Details of Financial Results for the First Quarter of FY2022

Details of Financial Forecasts for FY2022

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Ⅰ. Executive Summary

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Main Points in the Results for 1Q FY2022

(Unit:Billion yen)	1Q Results	YoY Comparison
Operating Revenue	209.1	+ 10.0	(+ 5.0%)
Operating Profit	8.7	+ 7.6	(+ 677.0%)
Recurring Profit	10.2	+ 8.5	(+ 499.1%)
Profit attributable to owners	7.2	- 2.0	(- 21.8%)
of parent

[Operating Revenue and Operating profit]

・ Operating revenue and operating profit increased 10.0 billion yen and 7.6 billion yen, respectively, year on year, improvements in earnings from the year-ago level affected by the temporary store closure resulting from the declaration of a state of emergency, as well as reflecting improvements in the performances of the Transportation Business and the Hotel and Resort Business in particular against the backdrop of a recovery

in the flow of people due to the easing of movement restrictions.

[Profit attributable to owners of parent]

・ Profit attributable to owners of parent decreased 2.0 billion yen year on year due to the absence of the previous year's posting of a gain on sales of fixed assets, although it was partly offset by an equity method investment gain and higher operating profit.

Operating Revenue by Segment	Operating Profit by Segment
(Year-on-year Comparison)	(Year-on-year Comparison)
(Unit: Billion yen)	(Unit: Billion yen)

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Main Points in Forecasts for FY2022

	Full Year
(Unit:Billion yen)	YoY Comparison		[Operating revenue]
Forecast
				・ Increased 57.8 billion yen year on year due to rises in sales in all segments.
Operating Revenue	937.0	+ 57.8	(+ 6.6%)		[Operating profit]
	・ Increased 8.4 billion yen because a decline in profitability in the Real Estate
Operating Profit	40.0	+ 8.4	(+ 26.8%)		Business due to the absence of the sale of a large-scale property recorded in
	the previous year was more than offset by increases in profit and improvement
					in losses in the other segments.
Recurring Profit	35.5	+ 0.5	(+ 1.4%)
	[Profit attributable to owners of parent]
					・ Increased mainly due to decreased impairment loss and increased operating
Profit attributable to owners	22.0	+ 13.2
(+ 150.5%)		profit, more than offsetting a reactionary decline in profitability due to the
of parent
				absence of a gain on sale of fixed assets recorded in the previous year
Operating Revenue by Segment		Operating Profit by Segment
(Year-on-year Comparison)			(Year-on-year Comparison)

(Unit: Billion yen)		(Unit: Billion yen)	40.0
	+5.0
	+4.4
+10.2	937.0
+21.5		+5.4
+26.2		31.5
	+10.7
879.1
		-12.9

FY2021

Service Life

and Hotel Resort

Transportation

Estate Real

Forecast FY2022

FY2021

Estate Real

and Hotel Resort

Service Life

Transportation

Forecast FY2022

* Financial forecasts for FY2022 remain unchanged from the forecasts announced in May. Therefore, the financial

forecasts included in the Summary of Results for FY2021 (announced on May 13, 2022) are presented again.

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