HANKYU HANSHIN HOLDINGS, INC. Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results for the Three Months Ended June 30, 2023 (Based on Japanese GAAP)
August 1, 2023 | ||||
Company name: | Hankyu Hanshin Holdings, Inc. | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 9042 | URL https://www.hankyu-hanshin.co.jp/ | ||
Representative: | President and Representative Director | Yasuo Shimada | ||
Inquiries: | Accounting Manager of the Group Planning | Kazutoshi Funao | TEL 06-6373-5013 | |
Division | ||||
Scheduled date to file Quarterly Securities Report: | August 10, 2023 | |||
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on quarterly financial results: | Yes | |||
Holding of quarterly financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | |||||||
Operating revenue | Operating profit | Ordinary profit | Profit attributable to | |||||
owners of parent | ||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
Three months ended June 30, 2023 | 245,524 | 7.2 | 33,750 | 38.2 | 36,831 | 43.0 | 25,098 | 49.2 |
Three months ended June 30, 2022 | 228,993 | 50.7 | 24,425 | 412.9 | 25,763 | 455.3 | 16,826 | 425.1 |
Earnings per share | Diluted earnings per share | ||||||||
Yen | Yen | ||||||||
Three months ended June 30, 2023 | 104.25 | 104.22 | |||||||
Three months ended June 30, 2022 | 69.84 | 69.83 | |||||||
(2) Consolidated financial position | |||||||||
Total assets | Net assets | Equity ratio | |||||||
Millions of yen | Millions of yen | % | |||||||
As of June 30, 2023 | 2,862,004 | 1,013,961 | 32.5 | ||||||
As of March 31, 2023 | 2,865,410 | 980,940 | 31.6 | ||||||
2. Cash dividends | |||||||||
Annual dividends per share | |||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | ||||||
Yen | Yen | Yen | Yen | ||||||
Year ended March 31, 2023 | - | 25.00 | - | 25.00 | |||||
Year ending March 31, 2024 | - | ||||||||
Year ending March 31, 2024 (Forecast) | 25.00 | - | 25.00 |
Total
Yen 50.00
50.00
3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Operating revenue | Operating profit | Ordinary profit | Profit attributable to | Earnings per share | ||||||
owners of parent | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
Full year | 1,000,000 | 3.3 | 87,700 | (1.8) | 87,000 | (1.6) | 52,000 | 10.7 | 216.22 |
1
4. Notes
- Changes in significant subsidiaries during the three months ended June 30, 2023 (changes in specified subsidiaries resulting in the change in scope of consolidation):
- Application of special accounting methods for preparing quarterly consolidated financial statements:
Yes
No
(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |
Changes in accounting policies due to revisions to accounting standards and other regulations: | No |
Changes in accounting policies due to other reasons: | No |
Changes in accounting estimates: | No |
Restatement of prior period financial statements: | No |
(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023 | 254,281,385 | shares | As of March 31, 2023 | 254,281,385 | shares | |
Number of treasury shares at the end of the period | ||||||
As of June 30, 2023 | 13,828,124 | shares | As of March 31, 2023 | 13,377,821 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Three months ended June 30, 2023 | 240,766,279 | shares | Three months ended June 30, 2022 | 240,945,286 | shares |
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of March 31, 2023 | As of June 30, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 42,876 | 46,012 |
Notes and accounts receivable - trade | 120,067 | 81,240 |
Land and buildings for sale | 193,607 | 194,048 |
Merchandise and finished goods | 2,897 | 3,160 |
Work in process | 2,461 | 3,967 |
Raw materials and supplies | 5,790 | 6,032 |
Other | 61,237 | 63,690 |
Allowance for doubtful accounts | (856) | (892) |
Total current assets | 428,082 | 397,258 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 633,990 | 634,000 |
Machinery, equipment and vehicles, net | 57,804 | 55,462 |
Land | 1,010,609 | 1,000,940 |
Construction in progress | 252,908 | 273,826 |
Other, net | 25,678 | 25,645 |
Total property, plant and equipment | 1,980,991 | 1,989,876 |
Intangible assets | ||
Goodwill | 7,334 | 6,754 |
Other | 28,155 | 27,575 |
Total intangible assets | 35,489 | 34,329 |
Investments and other assets | ||
Investment securities | 342,659 | 361,434 |
Deferred tax assets | 7,272 | 7,224 |
Retirement benefit asset | 18,590 | 18,670 |
Other | 52,583 | 53,493 |
Allowance for doubtful accounts | (258) | (283) |
Total investments and other assets | 420,846 | 440,538 |
Total non-current assets | 2,437,328 | 2,464,745 |
Total assets | 2,865,410 | 2,862,004 |
3
(Millions of yen) | ||
As of March 31, 2023 | As of June 30, 2023 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 42,024 | 36,470 |
Accrued expenses | 23,182 | 19,122 |
Short-term borrowings | 187,982 | 192,116 |
Commercial papers | 10,000 | - |
Current portion of bonds payable | 30,000 | 30,000 |
Lease liabilities | 4,251 | 4,206 |
Income taxes payable | 10,029 | 6,062 |
Provision for bonuses | 4,337 | 3,206 |
Other | 187,877 | 154,279 |
Total current liabilities | 499,684 | 445,465 |
Non-current liabilities | ||
Long-term borrowings | 634,613 | 633,640 |
Bonds payable | 230,000 | 230,000 |
Lease liabilities | 9,503 | 9,815 |
Deferred tax liabilities | 181,831 | 187,979 |
Deferred tax liabilities for land revaluation | 5,182 | 5,182 |
Retirement benefit liability | 61,916 | 61,936 |
Long-term deferred contribution for construction | 132,580 | 143,857 |
Other | 129,156 | 130,163 |
Total non-current liabilities | 1,384,785 | 1,402,576 |
Total liabilities | 1,884,470 | 1,848,042 |
Net assets | ||
Shareholders' equity | ||
Share capital | 99,474 | 99,474 |
Capital surplus | 147,343 | 147,263 |
Retained earnings | 680,040 | 698,223 |
Treasury shares | (48,748) | (50,774) |
Total shareholders' equity | 878,110 | 894,186 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 20,930 | 25,692 |
Deferred gains or losses on hedges | (78) | 594 |
Revaluation reserve for land | 5,499 | 5,499 |
Foreign currency translation adjustment | 908 | 4,015 |
Remeasurements of defined benefit plans | 1,433 | 1,344 |
Total accumulated other comprehensive income | 28,692 | 37,146 |
Non-controlling interests | 74,137 | 82,628 |
Total net assets | 980,940 | 1,013,961 |
Total liabilities and net assets | 2,865,410 | 2,862,004 |
4
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | ||
Three months ended | Three months ended | |
June 30, 2022 | June 30, 2023 | |
Operating revenue | 228,993 | 245,524 |
Operating expenses | ||
Operating expenses and cost of sales of transportation | 197,116 | 204,312 |
Selling, general and administrative expenses | 7,452 | 7,461 |
Total operating expenses | 204,568 | 211,774 |
Operating profit | 24,425 | 33,750 |
Non-operating income | ||
Interest income | 55 | 157 |
Dividend income | 498 | 578 |
Share of profit of entities accounted for using equity method | 2,771 | 4,579 |
Miscellaneous income | 605 | 917 |
Total non-operating income | 3,931 | 6,232 |
Non-operating expenses | ||
Interest expenses | 2,081 | 2,547 |
Miscellaneous expenses | 510 | 603 |
Total non-operating expenses | 2,592 | 3,150 |
Ordinary profit | 25,763 | 36,831 |
Extraordinary income | ||
Contribution received for construction | 284 | 563 |
Other | 556 | 86 |
Total extraordinary income | 840 | 650 |
Extraordinary losses | ||
Loss on tax purpose reduction entry of non-current assets | 280 | 547 |
Other | 564 | 94 |
Total extraordinary losses | 845 | 642 |
Profit before income taxes | 25,759 | 36,839 |
Income taxes - current | 4,814 | 6,638 |
Income taxes - deferred | 3,270 | 4,235 |
Total income taxes | 8,085 | 10,873 |
Profit | 17,674 | 25,965 |
Profit attributable to non-controlling interests | 847 | 866 |
Profit attributable to owners of parent | 16,826 | 25,098 |
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Hankyu Hanshin Holdings Inc. published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 10:36:42 UTC.
