Performance Forecasts and Dividend Forecasts for FY22.3
Future Courses of Action and Issues for the Next Medium-Term Business Plan
APPENDIX
3
4
8
21
38
2
Highlights
Financial
results and
year-end
dividend for
FY21.3
Performance forecasts and dividend forecasts for FY22.3
Future Courses
of Action and issues for the next medium- term business plan
Due to the influence of the COVID-19 infection, consolidated operating revenues, operating income, ordinary income, and net income attributable to owners of the parent all declined.
Planning a year-end dividend of ¥93 per share (annual dividend: ¥93)
Despite the anticipated influence of the COVID-19 infection, we expect a return to profitability due to, in each segment, a moderate recovery in demand and thorough cost reduction initiatives.
In regard to dividends, planning annual dividend of ¥93 per share (year-end dividend only)
Reviewing the past year with COVID-19, clarifying the Company's issues and current courses of action
Course of action (1): "Business management with the highest priority on safety and peace of mind," "city-building that further enhances the value of stations," and "advancing new business that do not depend on the flow of people"
Course of action (2): "Advancing cost structure reforms"
Course of action (3): "Strengthening initiatives to invigorate Kyushu"
Issues for the next Medium-Term Business Plan: "Business strategies for the realization of the three courses of action," "financial strategies to support the business strategies," "sustainable business value creation"
3
FINANCIAL RESULTS FOR FY21.3
4
Operating income
Consolidated Financial Highlights for FY21.3
（bil）
Results
Results
YoY
FY20.3
FY21.3
Operating revenue
432.6
293.9
(138.7)
67.9%
Operating income
49.4
(22.8)
(72.2)
-
Ordinary income
50.6
(19.3)
(69.9)
-
Extraordinary gains and
(7.5)
(2.9)
4.5
-
losses
Net income attributable to
31.4
(18.9)
(50.4)
-
owners of the parent
EBITDA（※）
75.0
4.6
(70.4)
6.2%
※Note: EBITDA = operating income + depreciation expense (excluding depreciation of leased assets held for subleasing purposes). The same applies hereafter
Operating revenue
Substantial decline in revenue due to such factors as the decrease in railway transportation revenues resulting from the influence of the spread of the COVID-19 infection [¥(71.0) billion] and the influence of JR Kyushu Drug Eleven Co., Ltd. becoming an equity-method affiliate [¥(39.7) billion].
Despite efforts to reduce costs (non-consolidated: approximately ¥18.0 billion; Group companies: approximately ¥4.0 billion), profits were lower due to significant decrease in revenues.
Extraordinary gains and losses
Recorded gain on sale of JR Kyushu Drug Eleven Co., Ltd. shares (+¥9.1 billion), provision for loss on disaster [¥(2.1) billion] related to the restoration of the Hitahikosan Line, and disaster-damage losses [¥(3.2) billion] due to heavy rains in July 2020.
FY20.3 impairment loss on new-style passenger ship QUEEN BEETLE: ¥ (6.1) billion
FY21.3 impairment loss on THE BLOSSOM HIBIYA hotel: ¥ (5.6) billion
Change in operating revenue by segment
Change in operating income by segment
（¥bil）
432.6
250
200 (FY20revenueOperating .3)
（¥bil）
49.4
50
25
+0.4
(78.4)
(2.8)
0
(10.6)
293.9
+14.9
(25)
(57.4)
(53.1)
(8.5)
(9.2)
(5.4)
(0.5)
(22.8)
(50)
Transportation
Construction
Estate Real Hotels and
and Retail Restaurant
Other
Adjustment
Operating revenue 3).(FY21
Operating income 3).(FY20
Transportation
Construction
Estate Real Hotels and
and Retail Restaurant
Other
Operating income 3).(FY21
5
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Kyushu Railway Company published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 08:01:07 UTC.
Kyushu Railway Company is a Japan-based company mainly engaged in transportation, construction, station buildings and real estate, distribution and food business, as well as other business around Kyushu in Japan. The Company operates in four business segments. The Transportation segment operates railway business, bus business, marine business and car rental business. The Construction segment operates construction business, vehicle mechanical equipment engineering business, and electrical construction business. The Real Estate and Hotel segment engages in leasing and sale of real estate, parking lot operation, senior business, hotel business and operation of complex tourism facilities. The Distribution and Food segment engages in retail industry, catering industry and agriculture industry.
KYUSHU RAILWAY COMPANY 
