Odakyu Electric Railway : Results for the First Quarter of FY2022 ending March 31, 2023

Results for the First Quarter of FY2022

ending March 31, 2023

July 29, 2022

Monthly Trends of Operations

Odakyu Electric Railway

Number of Passengers

(Thousands)
80,000						73,275
70,000	65,588
60,000																																56,331
50,000						48,769																									（△15.7%）
	39,968
40,000											（△51.1%）																				34,496
30,000	25,620			25,833																										（△19.2%）
20,000											（△39.3%）																			21,835
																																（△9.6%）
10,000
0											（△69.3%）
	4	5	6	7	8	9	10 11 12	1	2	3	4	5	6	7	8	9	10 11 12	1	2	3	4	5	6	7	8	9	10 11 12	1	2	3	4	5	6
					FY2019									FY2020									FY2021				FY2022

	Commuters		Non-commuters		Total	（Change from 2019)
		State of emergency and quasi-state of emergency

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Consolidated Statement of Income

	Millions of yen	First Quarter of FY2021	First Quarter of FY2022	Change
Revenue from	88,355	91,469	+3,113
operations			(+3.5%)
	Transportation	31,712	37,401	+5,688
	Merchandising	24,382	24,690	+307
	Real Estate	23,019	16,024	△6,994
	Other Businesses	15,847	19,261	+3,413
	Adjustments	△6,606	△5,908	+698
		3,120	7,252	+4,132
Operating income	(+132.4%)
	Transportation	△45	3,835	+3,880
	Merchandising	△129	502	+632
	Real Estate	6,475	4,309	△2,166
	Other Businesses	△3,191	△1,406	+1,785
	Adjustments	11	11	－
Ordinary income	3,634	8,665	+5,031
(+138.4%)
Net income attributable to owners of	7,341	5,593	△1,748
parent	(△23.8%)

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Non-operating and extraordinary profit / loss,

Consolidated Balance Sheets

＜Non-operating and extraordinary profit / loss＞

		Millions of yen	First Quarter of FY2021	First Quarter of FY2022		Change and major factors
	Non-operating	2,024	2,880	+856	Non-operating income 595（＋431）
	income	Subsidy income 549（＋549）
	Non-operating	1,511	1,468	△42
	expenses
			9,513	770	△8,743	Construction costs allotted to and received from others 483
	Extraordinary profit	（+50）
	Proceeds from sale of property and equipment	204（△2,754）
						Proceeds from sales of investment securities	32（△4,234）
	Extraordinary loss	432	1,012	+579	Loss on deduction of property and equipment	449（+67）
						Loss on disposal of property and equipment 248（+212）
＜Consolidated Balance Sheets＞
		Millions of yen	FY2021	First Quarter of FY2022		Change and major factors
		Current assets	125,542	145,440	+19,898
		Noncurrent assets	1,159,687	1,153,492	△6,195
	Total assets	1,285,230	1,298,933	+13,703	Cash and time deposits	+20,078
						Property and equipment	△4,936
		Current liabilities	340,182	353,271	+13,088
		Long-term liabilities	595,789	594,376	△1,413
	Total liabilities	935,972	947,647	+11,674	Interest-bearing debt +20,803
	Net assets	349,257	351,285	+2,028	Retained earnings ＋1,938
	Total liabilities and net assets	1,285,230	1,298,933	+13,703

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Segment Information (Transportation)

Millions of yen

First Quarter of FY2021

First Quarter of FY2022

Change and major factors

Revenue from

31,712

37,401

+5,688

operations

(+17.9%)

Railways

24,155

28,377

+4,221

(+) Recovery of non-commuter revenue ＋3,074

Busses

6,705

7,765

+1,060

(+) Recovery of number of users

Others

851

1,257

+406

Operating income

△45

3,835

+3,880

(－)

Railways

1,267

3,701

+2,434

Busses

△855

218

+1,074

Others

△457

△85

+372

＜Freepass unit sales (Change from FY2021)＞

＜Hakone Area Revenue from Operations (Change from FY2021)＞

Hakone Freepass

＋108.9％

Millions of yen

First Quarter

First Quarter

Change

of FY2021

of FY2022

Enoshima-Kamakura

＋81.4％

Freepass

Hakone area*

2,267

3,308

＋1,040

* In addition to Transportation revenue, a portion of Hotels

revenue is also included.

(Reference) Passengers of Hakone transportation companies +22.0％ (Change from FY2021)

＜Odakyu Sightseeing Service Center (Change from FY2021)＞

Ticket purchasers

△3.6％

5

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