Hankyu Hanshin Holdings, Inc.

Equities

9042

JP3774200004

Passenger Transportation, Ground & Sea

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-17 am EDT			5-day change	1st Jan Change
4,008 ^JPY	+0.45%		-1.04%	-10.72%

May. 14	Hankyu Hanshin Holdings, Inc. announces an Equity Buyback for 2,000,000 shares, representing 0.83% for ¥7,100 million.	CI
May. 14	Hankyu Hanshin Holdings, Inc. authorizes a Buyback Plan.	CI

Hankyu Hanshin : Supplementary Materials of Financial Results for Q1 of FY2024

August 31, 2023

Hankyu Hanshin Holdings Group

Supplementary Materials of

Financial Results for the First Quarter of Fiscal 2024 (Ending March 2024)

August 1, 2023

Hankyu Hanshin Holdings, Inc.

9042 https://www.hankyu-hanshin.co.jp/en/

Consolidated Statements of Income(Summary)

		Q1 FY2024	FY2023			Change
		Results	Results


Consolidated Subsidiaries	104 companies	99 companies	+5 (6 companies increase, 1 company decrease)
Equity-Method Affiliates	13 companies	10 companies	+3 (3 companies increase)
Total	117 companies	109 companies	+8 companies
(¥ million)
	Q1 FY2024	Q1 FY2023	Change		Remarks
		Results	Results

Operating revenue	245,524	228,993	+16,530	（＋7.2%	）
Operating profit	33,750	24,425	+9,325	（＋38.2%	）	For details, please see page3
[Business profit]	[34,118]	[24,425]	[+9,693] [ ＋39.7% ]

Non-operating income	6,232	3,931	+2,300			Equity in income of affiliates ＋1,807
Non-operating expenses	3,150	2,592	+558			Interest expense ＋465


Ordinary profit	36,831	25,763	+11,067	（＋43.0%	）

Extraordinary income	650	840	-190
Extraordinary losses	642	845	-202


Profit attributable to owners	25,098	16,826	+8,272	（＋49.2%	）
of parent



（Reference）		Q1 FY2024	Q1 FY2023	Change
	Results	Results


Depreciation and amortization	15,002	15,135	-133

Financial balance ① - ②	-1,811	-1,527	-284

Interest and dividend income①	735	554	+181
Interest expense②	2,547	2,081	+465

（※） Business profit = Operating profit + Equity-method gains/losses related to overseas business investments
【For details, please see next page.】
（With regard to Q1 FY2023 results, we had no equity-method affiliates in our overseas businesses. Thus,
for this year, Operating profit = Business profit.）	1

Business Profit

"Business profit" was introduced from the fiscal year ending in March 2024 as a new management metric for the Group to reflect equity-method gains/losses accompanying overseas business investments alongside operating profit.
This is intended to more accurately track progress in overseas business growth initiatives (in the Real Estate business).

Business profit

- Operating profit ＋ Non-operating profit: Equity-method gains/losses related to overseas business investments (in Real Estate segment)
Company-widebusiness profit

	Q1 FY2024	Q1 FY2023	Change	%
	Results	Results

Operating revenue	245,524	228,993	＋16,530	＋7.2%

Operating profit ①	33,750	24,425	＋9,325	＋38.2%
Equity-method
gains/losses related to	368	－	＋368
overseas business

investments ②

Business profit ① +②	34,118	24,425	＋9,693	＋39.7%

Note: With regard to Q1 FY2023 results, we had no equity-method affiliates in our overseas businesses. Thus, for this year, Operating profit = Business profit.

Consolidated Statements of Income (Breakdown for each business segment)

[Key results in current period]

Revenue and profit increased backed by an increase in demand for hotel accommodation in the Real Estate business, and a recovery to a certain extent in the number of passengers in the Urban Transportation business.

(¥ million)	Operating revenue			Operating profit
		[Business profit]


	Q1 FY2024	Q1 FY2023	Change	Q1 FY2024	Q1 FY2023	Change
	Results	Results	Results	Results


Urban Transportation	49,606	45,655	+3,950	9,784	6,832	+2,951
Real Estate	69,593	60,841	+8,752	11,116	5,300	+5,816
[11,484]	[5,300]	[+6,184]

Entertainment	23,836	22,898	+938	8,246	7,832	+413
Information and	13,032	12,530	+501	176	258	-81
Communication Technology

Travel	61,265	41,338	+19,926	5,009	3,554	+1,454
International	25,835	43,698	-17,863	522	1,911	-1,389
Transportation

Other	10,619	9,955	+663	71	-2	+74
Adjustment	-8,264	-7,924	-340	-1,176	-1,262	+85

Total	245,524	228,993	+16,530	33,750	24,425	+9,325
[34,118]	[24,425]	[+9,693]

Note: Business profit = Operating profit + Equity-method gains/losses related to overseas business investments 【For details, please see page2.】（Q1 FY2024 results for all segments besides the Real Estate business were calculated as "Business profit = Operating profit".）

Urban Transportation Results

Revenue and profit increased due to a recovery to a certain extent in the number of passengers in the Railway and Automobile businesses, and the start of collection of barrier-free charges* at railway stations.

*All barrier-free charges will be used in the development of further barrier-free facilities in the future.

（ million）		Q1 FY2024		Q1 FY2023	Change	％
		Results		Results


Operating revenue	49,606	45,655		+3,950	＋8.7%

Operating profit			9,784	6,832		+2,951	＋43.2%

[Breakdown by type of business]

（ billion）	Operating revenue		Operating profit

	Q1 FY2024	Q1 FY2023	Y on Y	Q1 FY2024	Q1 FY2023	Y on Y
	Results	Results	Results	Results


Railway	36.6	33.7		+2.9	10.6		8.5	+2.1

Automobile	10.6	9.5		+1.1	0.5		-0.1	+0.6

Retailing	3.0	2.9		+0.0	0.3		0.3	+0.0

Others	1.4	1.3		+0.1	0.1		-0.0	+0.2

Note: Not including head office expenses / adjustments.

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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 04 August 2023 06:22:36 UTC.

Latest news about Hankyu Hanshin Holdings, Inc.

Hankyu Hanshin Holdings, Inc. announces an Equity Buyback for 2,000,000 shares, representing 0.83% for ¥7,100 million.	May. 14	CI
Hankyu Hanshin Holdings, Inc. authorizes a Buyback Plan.	May. 13	CI
Hankyu Hanshin REIT Completes 6.5 Billion Yen Purchase of Osaka Store	Mar. 27	MT
Hankyu Hanshin REIT Secures 6.5 Billion Yen Debt Financing	Mar. 21	MT
Hankyu Hanshin REIT Fixes Interest Rates on 3.9 Billion Yen Loans	Feb. 27	MT
Hankyu Hanshin Chairman to Resign as Director of Takarazuka Revue Music Theatre	Feb. 27	MT
Hankyu Hanshin REIT Secures 5.2 Billion Yen Worth of Green Loans	Feb. 22	MT
Hankyu Hanshin Reit Issues Corporate Bonds Worth 1.3 Billion Yen	Feb. 15	MT
Hankyu Hanshin Holdings, Inc. completed the acquisition of additional 65.654531% stake in OS Co., Ltd. for ¥10.5 billion.	Jan. 23	CI
Hankyu Hanshin Properties and CRE Partner with Sembcorp for Warehouse Development in Vietnam	Jan. 11	MT
Hankyu Hanshin REIT to Offer 100 Billion Yen of Investment Corporation Bonds	Dec. 11	MT
Hankyu Hanshin Holdings, Inc. made an offer to acquire additional 77.447813% stake in OS Co., Ltd. for ¥12.3 billion	Dec. 05	CI
Boustead Projects, Partners Complete Investment in Boustead Real Estate Fund	Nov. 30	MT
Japanese Shares Continue Losing Streak as Strong Yen Dampens Sentiments	Nov. 29	MT
Hankyu Hanshin REIT Completes Interest Rate Swap Agreements for Loans Totaling 3 Billion Yen	Nov. 28	MT
Hankyu Hanshin REIT Refinances 4.9 Billion Yen Loans Due Month-End	Nov. 23	MT
H2O Retailing's Consolidated Gross Sales Up More Than 7% in October	Nov. 16	MT
Hankyu Hanshin’s Attributable Profit Rises 44.5% in Fiscal H1	Nov. 01	MT
Hankyu Hanshin Holdings, Inc. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2024	23-10-30	CI
Hankyu Hanshin Holdings, Inc. Announces Dividend for Second Quarter of Fiscal Ending March 31, 2024, Payable on December 1, 2023	23-10-30	CI
Hankyu Hanshin Holdings, Inc. Provides Dividend Guidance for the Year Ending March 31, 2024	23-10-30	CI
H2O Retailing’s Consolidated Gross Sales in July Grow 8.8%	23-08-16	MT
Hankyu Hanshin Holdings, Inc. Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2024	23-08-01	CI
Hankyu Hanshin Holdings, Inc. Provides Dividend Guidance for the Second Quarter-End and Fiscal Year Ending March 31, 2024	23-08-01	CI
Tranche Update on Hankyu Hanshin Holdings, Inc.'s Equity Buyback Plan announced on May 15, 2023.	23-06-26	CI

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Company Profile

Hankyu Hanshin Holdings, Inc. is a Japan-based holding company mainly engaged in transportation, real estate and other businesses. It operates in six business segments. The City Transportation segment is involved in the railway, automobile, distribution, advertisement and city transportation businesses. The Real Estate segment is mainly engaged in the real estate leasing and sales businesses. The Entertainment and Communication segment is engaged in the sports, stage, communication media and leisure businesses. The Travel segment is involved in the provision of traveling. The International Transportation segment involves in the international transportation business. The Hotel segment is engaged in the hotel business. The Company is also involved in the businesses including construction and environment business, group cards business, group financial business, human resource and accounting agency business, among others.

Sector

Passenger Transportation, Ground & Sea

Calendar

2024-07-31 - Q1 2024 Earnings Release (Projected)

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Ratings for Hankyu Hanshin Holdings, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

4,008 JPY

Average target price

4,800 JPY

Spread / Average Target

+19.76%

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