Tokyu : Summary of Results for the First Three Quarters of FY2021
February 10, 2022 at 02:31 pm IST
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Summary of Results
for the First Three Quarters of FY2021
February 10, 2022
Tokyu Corporation
(9005)
https://www.tokyu.co.jp/
Contents
Ⅰ. Executive Summary
Ⅱ. Conditions of Each Business
Ⅲ. Details of Financial Results for the First Three Quarters of FY2021
Ⅳ. Details of Financial Forecasts for FY2021
Ⅴ. (Reference)TOKYU RAILWAYS Fare Revisions Application
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7
12
24
36
1
Ⅰ.Executive Summary
2
Main Points in the Results for 3Q FY2021
[Operating revenue]
・Sales increased in real terms in all segments, reflecting the sale of a large-scale
(Unit:Billion yen)
Results
YoY Comparison
property as well as improvements in earnings from the year-ago level affected
by restrictions on outings and the closure of sales floors resulting from the
declaration of a state of emergency. However, operating revenue decreased
Operating Revenue
654.4
- 31.3
(- 4.6%)
31.3 billion yen year on year due to the impact of the accounting standard for
revenue recognition that took effect from the current year.
Operating Profit
34.8
+ 50.8
-
[Operating Profit]
Recurring Profit
39.0
+ 51.6
- ・Increased 50.8 billion yen year on year, reflecting improvements in profitability
and decreases in losses in all segments, particularly the Real Estate Business
Profit attributable to owners
30.1
+ 56.7
-
segment in which the sale of a large-scale property was recorded and progress
of parent
in cost reduction.
*A year-on-year increase of 78.9 billion yen in revenue before
[Profit attributable to owners of parent]
the application of the Standard for Revenue Recognition
・Increased 56.7 billion yen year on year due to the posting of a gain on sales of fixed assets.
Operating Revenue by Segment
Operating Profit by Segment
Billion yen
(Year-on-year Comparison)
(Year-on-year Comparison)
Billion yen
760.0
+31.9
34.8
37.5
+17.7
+31.3
740.0
+78.9
720.0
-110.2
25.0
+15.1
+12.7
700.0
685.8
+3.9
12.5
680.0
+10.9
YoY Comparison
Sales increase
654.4
0.0
660.0
in each segment
-31.3
+7.1
640.0
-12.5
FY2020 3Q
andHotel Resort
Transportation
ServiceLife
EstateReal
inChange standardaccounting
FY2021 3Q
FY2020 3Q
ServiceLife
andHotel Resort
Transportation
EstateReal
FY2021 3Q
-25.0
-15.9
3
(Reference) Impact of the "Accounting Standard for Revenue Recognition" in the Results for 3Q FY2021
①
➁
①-➁
➂
➁-➂
FY2021 3Q
FY2021 3Q
(Unit : Billion yen)
Prior to accounting
Change
Results
standard revision
FY2020 3Q
Impact of accounting standard revision
Change
Results
Total Operating Revenue
654.4
764.6
- 110.2
685.8
+ 78.9
(- 14.4%)
(+ 11.5%)
Transportation
Operating Revenue
124.9
124.3
+ 0.6
111.6
+ 12.7
Real Estate
Operating Revenue
170.2
178.4
- 8.2
Tokyu GEOX -8.2
146.5
+ 31.9
Total Life Service
368.8
471.2
- 102.4
439.9
+ 31.3
Operating
Life Service
Retail
242.9
310.4
- 67.5
Tokyu Department Store -53.7
301.3
+ 9.1
Revenue
Tokyu Store Chain -8.4
ICT and Media
125.8
160.6
- 34.8
Tokyu Agency -31.9
138.6
+ 22.0
Tokyu power supply -2.0
Hotel and Resort
Operating Revenue
33.0
33.3
- 0.3
29.4
+ 3.9
Elimination
Operating Revenue
- 42.6
- 42.6
-
- 41.6
- 1.0
etc.
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Disclaimer
Tokyu Corporation published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 09:00:03 UTC.
Tokyu Corporation specializes in railway transportation services. The group is also developing retail distribution and real estate promotion activities, and is providing entertainment services. Net sales break down by activity as follows:
- retail distribution (62.9%): operating of department stores, supermarkets, etc. The group also offers TV channels broadcasting services ;
- real estate assets promotion and management (17.2%);
- railway and road transportation services (15.9%);
- hotel operating (4%).