Keihan Holdings Co.,Ltd. · TSE:9045
Keihan Holdings Co.,Ltd — Keihan Electric Railway — 1H FY2015 Earnings Presentation
28 slides from Keihan Holdings Co.,Ltd's earnings presentation, Nov 12, 2014
Slide 1: First Half of FY2015 Financial Results Presentation
First Half of FY2015 (Ended September 30, 2014) Financial Results Presentation November 12, 2014 Keihan Electric Railway Co., Ltd. (Tokyo Stock Exchange 1st / Securities Code: 9045 http://www.keihan.co.jp/) [Notes on forecasts] Descriptions of business forecasts and future prospects are based on cur
Slide 2: Overview of the First Half of FY2015 Financial Results
Overview of the First Half of FY2015 Financial Results
Slide 3: Consolidated Statements of Income
Consolidated Statements of Income (Millions of yen) 1H FY2014 1H FY2015 April 2014 Change Main factors of changes Results Results Estimate Operating -2,986 Transportation +51, Real estate -3,787, Retail +916, 131,225 128,239 127,800 revenue (-2.3%) Leisure and service +830, Others +60 Operating 259
Slide 4: Consolidated Balance Sheets
Consolidated Balance Sheets (Millions of yen) FY2014 1H FY2015 Change Main factors of changes Results Results Land and buildings for sale +17,779 Current assets 147,216 149,053 1,836 Cash and deposit -10,255 Notes and accounts receivable -8,019 Fixed assets 523,965 522,356 -1,609 Tangible fixed asse
Slide 5: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Millions of yen) 1H FY2014 1H FY2015 Change Main factors of changes Results Results Change in inventories -8,684 Operating cash flows 2,208 -3,915 -6,123 Change in notes and accounts receivable +3,178 Sales of investment securities -2,506 Investing cash flows -
Slide 6: Segment Information
Segment Information (Millions of yen) 1H FY2014 1H FY2015 Change Change (%) Results Results Operating revenue 131,225 128,239 -2,986 -2.3% Transportation 45,056 45,108 51 0.1% Real estate 31,814 28,027 -3,787 -11.9% Retail 45,777 46,693 916 2.0% Leisure and service 14,035 14,865 830 5.9% Others 801
Slide 7: Segment Information (Breakdown)
Segment Information (Breakdown) [Consolidated subsidiaries] 38 companies (Keihan Electric Railway covers both the transportation business and the real estate business) [Equity method affiliates] 2 companies Transportation Keihan Electric Railway Co., Ltd., Keifuku Electric Railroad Co., Ltd., Keihan
Slide 8: Results of Transportation
Results of Transportation (Millions of yen) 1H FY2014 1H FY2015 Change Change (%) Summary Results Results Railway 36,530 (+247) Operating 45,056 45,108 51 0.1% Bus 13,280 (+108) revenue Elimination -4,703 (-304) Operating Railway 4,672 (+440) 4,613 5,046 432 9.4% income Bus 342 (-16) << Operating re
Slide 9: Results of Real Estate
Results of Real Estate (Millions of yen) 1H FY2014 1H FY2015 Change Change (%) Summary Results Results Real estate 21,887 (-2,637) Operating revenue 31,814 28,027 -3,787 -11.9% Construction 7,975 (-1,141) Elimination -1,836 (-8) Real estate 5,377 (-1,103) Operating income 6,434 5,193 -1,241 -19.3% C
Slide 10: Results of Retail
Results of Retail (Millions of yen) 1H FY2014 1H FY2015 Change Change (%) Summary Results Results Department store 24,756 (-1,101) Operating Store 13,238 (+544) 45,777 46,693 916 2.0% revenue Shopping mall management 6,978 (+1,634) Restaurant 3,141 (-215) Department store 3 (-105) Operating Store 49
Slide 11: Results of Leisure and Service
Results of Leisure and Service (Millions of yen) 1H FY2014 1H FY2015 Change Change (%) Summary Results Results Operating Hotel 12,644 (+1,082) 14,035 14,865 830 5.9% Leisure 2,309 (-240) revenue Operating Hotel 1,538 (+841) 853 1,648 794 93.1% Leisure 222 (-45) income << Hotel occupancy rates >> 1H
Slide 12: Non-consolidated Statements of Income
Non-consolidated Statements of Income (Millions of yen) 1H 1H April Change FY2014 FY2015 Change Summary 2014 (%) Results Results Estimate Operating revenue 42,978 40,883 -2,095 -4.9% 39,300 Number of passengers +0.6% Railway 26,217 26,283 65 0.3% Passenger transportation revenue +0.3% Subsidiary bus
Slide 13: FY2015 Forecasts
FY2015 Forecasts
Slide 14: Forecast of Consolidated Business Results
Forecast of Consolidated Business Results (Millions of yen) FY2014 FY2015 Change April 2014 Change Main factors of changes Estimate Results Forecast (%) Transportation -961, Real estate -5,479, Operating revenue 289,203 286,400 -2,803 -1.0% Retail +1,672, Leisure and service +1,276, 285,200 Others +
Slide 15: Forecast of Consolidated Business Results (Segment Information)
Forecast of Consolidated Business Results (Segment Information) (Millions of yen) FY2014 FY2015 Change April 2014 Change Main factors of changes Estimate Results Forecast (%) Operating revenue 289,203 286,400 -2,803 -1.0% 285,200 Railway +1,168 Transportation 89,661 88,700 -961 -1.1% Bus -45 88,100
Slide 16: Forecast of Non-Consolidated Business Results
Forecast of Non-Consolidated Business Results (Millions of yen) FY2014 FY2015 Change Change (%) Main factors of changes Results Forecast Operating revenue 85,996 86,300 303 0.4% Number of passengers -0.7％ Railway operation 52,721 52,300 -421 -0.8% Passenger transportation revenue -0.6％ Subsidiary bu
Slide 17: Progress of FY2015 Initiatives
TOPICS Progress of FY2015 Initiatives
Slide 18: Keihan Group's Medium-term Management Plan (FY2013-2015) Basic Policy
Keihan Group’s Medium-term Management Plan (FY2013-2015) Basic Policy Building the foundations for a strong Keihan for the next 100 years Corporate Strategy Strengthen the operating structure through Revitalize areas along the extensive efficiency gains Keihan Railway lines ◆ Operating divisions ◆ P
Slide 19: Revitalize areas along the Keihan Railway lines
Revitalize areas along the Keihan Railway lines KUZUHA MALL second-stage development Current situation after the renewal Increase in the number of visitors by approximately 20% since the renewal and the increase in floor space Considerable increase in the number of visitors coming to the mall by rai
Slide 20: Revitalize areas along the Keihan Railway lines
Revitalize areas along the Keihan Railway lines Implement our Kyoto strategy (geiko) Kyoto Regular Tour Bus Introduce buses with geiko, maiko, and tayu designs Express three images of Kyoto – elegance, comfort, and allure – (maiko) to support efforts to disseminate the culture of Kyoto in the style
Slide 21: Revitalize areas along the Keihan Railway lines
Revitalize areas along the Keihan Railway lines Promote new businesses to develop areas along our railway lines ◆ Enter the organic food market and present a new lifestyle Acquire Biomarket Co., Ltd. Home delivery business Wholesale business Operate the home delivery service of Bio Marche, Sell orga
Slide 22: Revitalize areas along the Keihan Railway lines
Revitalize areas along the Keihan Railway lines Promote new businesses to develop areas along our railway lines ◆ Promote lifecycle support businesses Open Rose Life Kyoto <Facility outline> Location: 1-23 Takada-cho, Mibu-higashi, Nakagyo- ku, Kyoto-shi Business: Residential facility with nursing c
Slide 23: Business Strategy – Transportation –
Business Strategy – Transportation – Ensure safety and peace of mind Renewal of the 6000 series Implement barrier-free measures, introduce a beautiful design, and perform energy-saving measures • Implement barrier-free measures, such as securing space for wheelchair users, as well as installing in-v
Slide 24: Business Strategy – Real Estate –
Business Strategy – Real Estate – Continue to focus on short-term turnover businesses Sales of major properties <Oji-Asukayama THE FIRST TOWER& RESIDENCE> Location: 1-1-3 Horifune, Kita-ku, Tokyo Completed: January 2016 (tower building), October 2014 (residential building) Tower building: 1 undergro
Slide 25: Business Strategy – Retail –
Business Strategy – Retail – Initiatives to enhance profitability Utilize our know-how and increase the number of property management contracts Keihan The Store Co., Ltd. selected as the company expected to operate and manage the shopping area inside Shin-Osaka Station of the Midosuji Line of the Os
Slide 26: Business Strategy – Leisure and Service –
Business Strategy – Leisure and Service – Initiatives to target tourism-related demand Attract USJ visitors to our facilities USJ attracting 1.46 million visitors in October, continuing to break its single-month visitor record for three straight months USJ expected to mark a record high in terms of
Slide 27: Transitioning to the next medium-term management plan (FY2016-2018)
Transitioning to the next medium-term management plan (FY2016-2018) In the next medium-term management plan, in order to develop competition with areas along other railway lines amidst the decrease in population, we will strive to re-brand areas along the Keihan Railway lines, and actively create si
Slide 28: Efforts to be promoted under the next medium-term management plan (FY2016-2018)
Efforts to be promoted under the next medium- term management plan (FY2016-2018) Develop new businesses with the focus on BIO-Style Create BIO-Style, a lifestyle to be proposed by the Keihan Group Promote the BIO-Style Kyoto/Shijo-Kawaramachi Project, a construction plan for a complex in Shijo-Kawar
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