Nagoya Railroad : Six-month Period Ending September 30, 2021 Financial Results Presentation for Investors

Six-month Period Ending

September 30, 2021

Financial Results Presentation

for Investors

Nagoya Railroad Co., Ltd.

Securities Code : 9048

November 16, 2021

Copyright © Nagoya Railroad Co., Ltd.

01	Current Situation and Measures to
Address Management Issues

Copyright © Nagoya Railroad Co., Ltd.

01

Group Business Performance (Second Quarter Result)

Group Business Performance Summary of Results

Apr.-Jun. Results

Jul.-Sept. Results

Cumulative Results

Year-on-year change

Previous Forecast

Compared to the forecast

（As of May）

Operating revenues

108.4

Billons

+

115.8

Billons

※ 224.2

Billons

-2.6

Billons

- 1.2 %

245.0

Billons

-

20.7

Billons

of

of

＝

of

of

of

of

-8.5

%

yen

yen

yen

yen

yen

yen

Operating income

-1.8

Billons

+

-0.8

Billons

-2.6

Billons

+

12.3

Billons

1.5

Billons

-

4.1

Billons

of

of

＝

of

of

ー

of

of

ー

yen

yen

yen

yen

yen

yen

Ordinary income

1.2

Billons

+

1.3

Billons

2.5

Billons

+

13.3

Billons

3.0

Billons

-

0.4

Billons

of

of

＝

of

of

ー

of

of

-15.8

%

yen

yen

yen

yen

yen

yen

Profit attributable to

-0.8

Billons

+

1.8

Billons

1.0

Billons

+

13.4

Billons

5.0

Billons

+

0.5

Billons

+ 103.4

of

of

＝

of

of

ー

of

of

%

owners of the parent

yen

yen

yen

yen

yen

yen

• Effects of the Adoption of Accounting Standard for Revenue Recognition, etc.：-11,2Billions of yen

■Group Business Performance Highlights

Operating revenues ：【Decreased】	Overall revenue declined due to lower revenue in the real estate
	business and the impact of adopting revenue recognition standards.
Operating income ：【Deficit reduction】	The deficit narrowed due to improved profitability in the
	Traffic Business and Leisure and Services Business

Ordinary income ：【A return to profitability】

Profit attributable to

owners of the parent ：【A return to profitability】

A return to profitability was recorded due to improvement in non-operating income and expenses.

Both ordinary income and extraordinary income improved, with the latter returning to profitability.

Copyright © Nagoya Railroad Co., Ltd.

02

Group Business Performance (FY2021 Full-year Forecast)

Group Business Performance Summary of Performance Forecast

Percent Change（%）

Current forecast

Previous Forecast

Change

Change from

（As of May）

FY2020 result

Operating revenues

※ 500.0

Billons

530.0

Billons

- 30.0

Billons

+

18.3

Billons

of

of

of

of

yen

yen

（ -5.7）

yen

（ 3.8）

yen

Operating income

3.0

Billons

13.0

Billons

-10.0

Billons

+

19.3

Billons

of

of

of

of

yen

yen

（-76.9）

yen

（ - ）

yen

Ordinary income

10.0

Billons

16.0

Billons

-6.0

Billons

+

18.1

Billons

of

of

of

of

yen

yen

（-37.5）

yen

（ - ）

yen

Profit attributable to

5.0

Billons

11.0

Billons

-6.0

Billons

+ 33.7

Billons

of

of

of

of

owners of the parent

yen

yen

（-54.5）

yen

（ - ）

yen

• Effects of the Adoption of Accounting Standard forRevenue Recognition, etc. = -11,3Billons of yen

Dividend per share				（Unit:	yen）
				FY2021	FY2020
				（Current forcast）
	Dividend			12.50	0.00

Full-Year Forecast Notes

We do not anticipate any social restrictions due to a state of emergency declaration in response to COVID-19 after October this year. We assume that domestic economic activity will gradually recover from the current situation toward the end of fiscal 2022.

Copyright © Nagoya Railroad Co., Ltd.

03

The Company's Passengers

• The Railroad Passengers

[Total] Apr.-Sept.total : 158 millons of people, Percent Change compared to 2019 : -24.0％

＊Figures on graphs are percent change compared to 2019

(Unit:Millions of people)	2019	2020		2021	COVID-19 patients in Aichi prefecture	(Unit:people)
40		35,000
	State of emergency
			State of emergency
		5/12～6/20
				8/27～9/30			30,000
30	-17.2	-23.1	-20.8	-19.9		-35.0	-15.8	25,000
		-26.4
								20,000
20								15,000
10								10,000
								5,000
0	Apr.	May	Jun.	Jul.	Aug.	Sept.	Oct.	0

[Commuters] Apr.-Sept.total : 118 millions of people,				[Non-Commuters]	Apr.-Sept. total	: 39 millions of people,
				Percent Change compared to 2019 : -16.6％							Percent Change compared to 2019 : -39.9％
				The figure except from last-minute demand due to
(Unit : Millions of people)	consumption tax increase :Sept. -17.9					(Unit : Millions of people)
		-8.1	-13.1	-12.4	-14.1	-18.1	-31.1	-12.1
20
							10
															-32.1			-24.0
										-35.3	-45.0	-40.2	-41.8	-45.1
10										5
0									0
Apr.	May	Jun	Jul.	Aug.	Sept.	Oct.		Apr.	May	Jun	Jul.	Aug.	Sept.	Oct.
Copyright © Nagoya Railroad Co., Ltd.															04