KEIO CORPORATION Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
November 6, 2023
Summary of Consolidated Financial Results for the Six Months Ended September 30, 2023 (Under Japanese GAAP)
Company name: | Keio Corporation | |
Listing: | Tokyo Stock Exchange | |
Securities code: | 9008 | |
URL: | https://www.keio.co.jp/ | |
Representative: | President, Representative Director and Executive Officer | Satoshi Tsumura |
Inquiries: | Manager of Finance and Accounting Department | Kei Miyabe |
Telephone: | +81-42-337-3135 |
Scheduled date to file quarterly securities report: | November 14, 2023 | |
Scheduled date to commence dividend payments: | November 30, 2023 | |
Preparation of supplementary material on quarterly financial results: | Yes | |
Holding of quarterly financial results briefing: | Yes | (for institutional investors and analysts) |
(Amounts less than one million yen are rounded down.)
1. Consolidated financial results for the six months ended September 30,2023 (from April 1, 2023 to September 30,2023)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | |||||||
Operating revenues | Operating profit | Ordinary profit | Profit attributable to | |||||
owners of parent | ||||||||
Six months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % |
September 30, 2023 | 184,058 | 15.9 | 23,908 | 153.9 | 23,581 | 146.4 | 17,214 | 305.3 |
September 30, 2022 | 158,826 | 15.2 | 9,416 | － | 9,572 | － | 4,247 | － |
Note: Comprehensive income | For the six months ended September 30, 2023: | ¥ 27,965 million | [728.8%] | |||
For the six months ended September 30, 2022: | ¥ 3,374 million | [－%] | ||||
Basic earnings | Diluted earnings | |||||
per share | per share | |||||
Six months ended | Yen | Yen | ||||
September 30, 2023 | 140.98 | － | ||||
September 30, 2022 | 34.79 | － | ||||
(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | ||
As of | Millions of yen | Millions of yen | % | |
September 30, 2023 | 987,581 | 377,067 | 38.2 | |
March 31, 2023 | 955,233 | 351,566 | 36.8 | |
Reference: Shareholders' equity | ||||
As of September 30, 2023: | ¥ 377,092 million | |||
As of March 31, 2023: | ¥ 351,591 million |
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2. Cash dividends
Annual dividends per share | |||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended | － | 20.00 | － | 20.00 | 40.00 | ||
March 31, 2023 | |||||||
Fiscal year ending | |||||||
－ | 22.50 | ||||||
March 31, 2024 | |||||||
Fiscal year ending | |||||||
March 31, 2024 | － | 22.50 | 45.00 | ||||
(Forecast) | |||||||
Note: Revisions to the forecast of cash dividends most recently announced: No
3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Operating revenues | 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 | 393,000 | 13.2 | 36,000 | 67.6 | 35,200 | 61.7 | 25,200 | 92.2 | 206.37 | |
Note: Revisions to the forecast of consolidated financial results most recently announced: Yes
2
* Notes
- Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): No
- Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
- Changes in accounting policies, changes in accounting estimates, and restatement
- 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: Yes
- Restatement: No
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023
As of March 31, 2023
128,550,830 shares
128,550,830 shares
(ii) Number of treasury shares at the end of the period
As of September 30, 2023
As of March 31, 2023
6,441,390 shares
6,440,445 shares
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2023
Six months ended September 30, 2022
122,109,825 shares
122,101,224 shares
Note: The number of the Company's shares held by the Officer Compensation Trust Account included within the number of treasury shares is as follows:
2Q FYE March 2024: 43,400 shares FYE March 2023: 43,400 shares
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
- Proper use of earnings forecasts, and other special matters
The earnings forecasts and outlines on future performance noted in these materials include projections based on certain forecasts/assumptions made at the time of publication.
Actual performance may differ from forecast figures due to various factors.
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Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2023 | As of September 30, 2023 | ||
Assets | |||
Current assets | |||
Cash and deposits | 71,030 | 79,296 | |
Notes and accounts receivable-trade and contract assets | 45,298 | 38,641 | |
Merchandise and finished goods | 17,096 | 23,533 | |
Work in process | 40,777 | 45,286 | |
Raw materials and supplies | 2,345 | 2,469 | |
Other | 6,359 | 7,223 | |
Allowance for doubtful accounts | (13) | (39) | |
Total current assets | 182,894 | 196,411 | |
Non-current assets | |||
Property, plant and equipment | |||
Buildings and structures, net | 320,606 | 325,270 | |
Land | 239,423 | 239,466 | |
Construction in progress | 72,003 | 77,768 | |
Other, net | 37,555 | 35,692 | |
Total property, plant and equipment | 669,590 | 678,199 | |
Intangible assets | 19,500 | 20,395 | |
Investments and other assets | |||
Investment securities | 55,917 | 68,097 | |
Other | 27,482 | 24,618 | |
Allowance for doubtful accounts | (151) | (140) | |
Total investments and other assets | 83,248 | 92,576 | |
Total non-current assets | 772,338 | 791,170 | |
Total assets | 955,233 | 987,581 | |
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(Millions of yen) | |||
As of March 31, 2023 | As of September 30, 2023 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable-trade | 18,633 | 15,895 | |
Short-term borrowings | 81,616 | 83,652 | |
Income taxes payable | 3,288 | 6,002 | |
Provisions | 4,229 | 6,861 | |
Other | 111,646 | 100,722 | |
Total current liabilities | 219,414 | 213,134 | |
Non-current liabilities | |||
Bonds payable | 170,000 | 170,000 | |
Long-term borrowings | 151,036 | 155,733 | |
Retirement benefit liability | 21,983 | 18,221 | |
Asset retirement obligations | 4,460 | 15,193 | |
Other | 36,771 | 38,231 | |
Total non-current liabilities | 384,251 | 397,379 | |
Total liabilities | 603,666 | 610,514 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 59,023 | 59,023 | |
Capital surplus | 42,187 | 42,187 | |
Retained earnings | 260,315 | 275,087 | |
Treasury shares | (19,673) | (19,678) | |
Total shareholders' equity | 341,853 | 356,620 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale securities | 9,031 | 17,239 | |
Deferred gains or losses on hedge | － | (16) | |
Foreign currency translation adjustment | 11 | 16 | |
Remeasurements of defined benefit plans | 694 | 3,232 | |
Total accumulated other comprehensive income | 9,738 | 20,471 | |
Non-controlling interests | (24) | (24) | |
Total net assets | 351,566 | 377,067 | |
Total liabilities and net assets | 955,233 | 987,581 | |
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Quarterly consolidated statements of income (cumulative) and Quarterly consolidated statements of comprehensive income (cumulative)
Quarterly consolidated statements of income (cumulative)
(Millions of yen) | |
Six months ended | Six months ended |
September 30, 2022 | September 30, 2023 |
Operating revenues
Operating expenses
Operating expenses and cost of sales of transportation Selling, general and administrative expenses
Total operating expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity method Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Contribution for construction
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Compensation for tenants closing
Loss on tax purpose reduction entry of non-current assets Other
Total extraordinary losses
Profit before income taxes
Income taxes
Profit
Profit (loss) attributable to non-controlling interests Profit attributable to owners of parent
158,826184,058
125,999135,667
23,40924,482
149,409160,150
9,41623,908
99
562673
－ 101
1,252542
1,8241,325
1,4201,579
89－
158 | 73 |
1,668 | 1,652 |
9,572 | 23,581 |
93 | 148 |
462 | 89 |
98－
654238
318 | 147 |
87 | 82 |
447 | 50 |
138 | 25 |
991 | 305 |
9,235 | 23,514 |
5,000 | 6,283 |
4,235 | 17,231 |
(12) | 16 |
4,247 | 17,214 |
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Quarterly Consolidated statements of comprehensive income (cumulative)
(Millions of yen) | ||
Six months ended | Six months ended | |
September 30, 2022 | September 30, 2023 | |
Profit | 4,235 | 17,231 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (572) | 8,206 |
Deferred gains or losses on hedge | － | (16) |
Remeasurements of defined benefit plans, net of tax | (295) | 2,537 |
Share of other comprehensive income of entities accounted for using | ||
equity method | 6 | 5 |
Total other comprehensive income | (860) | 10,733 |
Comprehensive income | 3,374 | 27,965 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 3,386 | 27,948 |
Comprehensive income attributable to non-controlling interests | (12) | 16 |
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Keio Corporation published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2023 08:24:52 UTC.
