Keihan Holdings Co.,Ltd. · TSE:9045
Keihan Holdings Co.,Ltd — Keihan Electric Railway — H1 FY2016 Earnings Presentation
29 slides from Keihan Holdings Co.,Ltd's earnings presentation, Nov 10, 2015
Slide 1: First Half of FY2016 Financial Results Presentation
First Half of FY2016 (Ended September 30, 2015) Financial Results Presentation November 10, 2015 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 FY2016 Financial Results
Overview of the First Half of FY2016 Financial Results
Slide 3: Consolidated Statements of Income
Consolidated Statements of Income (Millions of yen) 1 H FY2015 1 H FY2016 April 2015 Change Main factors of changes Results Results Estimate 15,030 Transportation +1,829, Real estate +10,778, Operating revenue 128,239 143,269 Retail +1,042, Leisure and service +1,321 134,800 (11.7%) 4,754 Transporta
Slide 4: Consolidated Balance Sheets
Consolidated Balance Sheets (Millions of yen) FY2015 1 H FY2016 Change Main factors of changes Results Results Notes and accounts receivable -12,527 Current assets 171,449 153,388 -18,060 Cash and deposit -10,616 Buildings and structures +4,754 Fixed assets 492,787 497,369 4,582 Construction in prog
Slide 5: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Millions of yen) 1 H FY2015 1 H FY2016 Change Main factors of changes Results Results Net income before income taxes +6,697 Operating cash flows -3,915 10,990 14,905 Decrease in inventories +15,083 Decrease in other current liabilities -6,097 Purchase of fixed
Slide 6: Segment Information
Segment Information (Millions of yen) 1 H FY2015 1 H FY2016 Change Change (%) Results Results Operating revenue 128,239 143,269 15,030 11.7% Transportation 45,108 46,937 1,829 4.1% Real estate 28,027 38,805 10,778 38.5% Retail 46,693 47,736 1,042 2.2% Leisure and service 14,865 16,186 1,321 8.9% Oth
Slide 7: Segment Information (Breakdown)
Segment Information (Breakdown) [Consolidated subsidiaries] 42 companies (Keihan Electric Railway covers both the transportation business and the real estate business) [Equity method affiliates] 1 company Transportation Keihan Electric Railway Co., Ltd., Keifuku Electric Railroad Co., Ltd., Keihan B
Slide 8: Results of Transportation
Results of Transportation (Millions of yen) 1 H FY2015 1 H FY2016 Change Change (%) Summary Results Results Railway 38,597 （+2,066） Operating 45,108 46,937 1,829 4.1% Bus 13,507 （+226） revenue Elimination -5,167 （-464） Operating Railway 5,619 （+947） 5,046 6,518 1,471 29.2% income Bus 880 （+538） << O
Slide 9: Results of Real Estate
Results of Real Estate (Millions of yen) 1 H FY2015 1 H FY2016 Change Change (%) Summary Results Results Real estate 32,315 （+10,427） Operating 28,027 38,805 10,778 38.5% Construction 8,049 （+73） revenue Elimination -1,559 （+276） Operating Real estate 7,569 （+2,192） 5,193 7,333 2,140 41.2% income Co
Slide 10: Results of Retail
Results of Retail (Millions of yen) 1 H FY2015 1 H FY2016 Change Change (%) Summary Results Results Department store 23,771 （-984） Operating Store 13,730 （+491） 46,693 47,736 1,042 2.2% revenue Shopping mall management 6,850 （-127） Others 4,674 （+1,532） Department store -285 （-288） Operating Store 5
Slide 11: Results of Leisure and Service
Results of Leisure and Service (Millions of yen) 1 H FY2015 1 H FY2016 Change Change (%) Summary Results Results Operating Hotel 13,935 （+1,290） 14,865 16,186 1,321 8.9% Leisure 2,358 revenue （+49） Operating Hotel 2,913 （+1,375） 1,648 3,146 1,498 90.9% Leisure 336 income （+114） << Hotel occupancy ra
Slide 12: Non-consolidated Statements of Income
Non-consolidated Statements of Income (Millions of yen) 1H 1H Change April 2015 FY2015 FY2016 Change Main factors of changes (%) Estimate Results Results Operating revenue 40,883 44,681 3,798 9.3% 42,800 Number of passengers +2.8% Railway 26,283 27,075 792 3.0% Passenger transportation revenue +2.9%
Slide 13: FY2016 Forecasts
FY2016 Forecasts
Slide 14: Forecast of Consolidated Business Results
Forecast of Consolidated Business Results (Millions of yen) FY2015 FY2016 Change April 2015 Change Main factors of changes Results Forecast (%) Estimate Transportation +1,658, Real estate -354, Operating revenue 294,906 299,600 4,693 1.6% Retail +2,799, Leisure and service +1,038 287,000 Transportat
Slide 15: Forecast of Consolidated Business Results (Segment Information)
Forecast of Consolidated Business Results (Segment Information) (Millions of yen) FY2015 FY2016 Change April 2015 Change Main factors of changes Results Forecast (%) Estimate Operating revenue 294,906 299,600 4,693 1.6% 287,000 Transportation 90,341 92,000 1,658 1.8% Railway +1,658, Bus +102 89,900
Slide 16: Forecast of Non-Consolidated Business Results
Forecast of Non-Consolidated Business Results (Millions of yen) FY2015 FY2016 Change April 2015 Change Main factors of changes Results Forecast (%) Estimate Operating revenue 86,342 88,200 1,857 2.2% 84,500 Number of passengers +2.2％ Railway 52,675 53,970 1,294 2.5% Passenger transportation revenue
Slide 17: Progress of FY2016 Initiatives
TOPICS Progress of FY2016 Initiatives
Slide 18: Keihan Group's Medium-term Management Plan (FY2016–FY2018)
Keihan Group’s Medium-term Management Plan (FY2016 – FY2018) Basic Policy Keihan Group’s Determination to Take on Challenges at the “Second Foundation Stage” - Bravely Pursuing Creation - Strengthen Main Strategies the Management Foundation Achieve new growth through the creation Continuous measures
Slide 19: Proceeds from Transporting Passengers
Proceeds from Transporting Passengers Compared to the previous year Increase --- Renewal of KUZUHA MALL +2.4％ Increase --- Purchase Decrease --- Decrease as a reaction prior to the consumption to the previous year’s purchase tax hike prior to the consumption tax hike ◆ Income Increase for the Third
Slide 20: Response to Foreign Travelers to Japan
Response to Foreign Travelers to Japan Introduce an even wider variety of special tickets ◆ KYOTO-OSAKA SIGHTSEEING PASS ◆ Uji/Fushimi 1-day Ticket /KYOTO SIGHTSEEING PASS Enable visitors to have unlimited rides for one day on the Keihan Sell sightseeing passes for foreign Railway lines running in a
Slide 21: Hotel Business
Hotel Business Hotel business: operating revenue and operating income (Millions of yen) （ ％） (Millions of yen) （ ％） 28,000 25.0 5,000 18.0 16.0 4,000 14.0 26,000 20.0 12.0 3,000 10.0 24,000 15.0 8.0 2,000 6.0 Operating 22,000 10.0 Operating income 1,000 4.0 revenue Operating 2.0 income Percentage 20
Slide 22: Continuous measures to revitalize railway transportation
Continuous measures to revitalize railway transportation toward regaining the glory of railway transportation Provide high-quality services in pursuit of comfort and convenience ◆ Introduce the Keihan Express Premium Car (provisional name) Special car with reserved seats for Keihan express trains of
Slide 23: Continuous measures to revitalize railway transportation (collaboration)
Continuous measures to revitalize railway transportation toward regaining the glory of railway transportation Make collaborative efforts in line with measures to create sightseeing opportunities ◆ Launched the operation of Sky Bus Kyoto We launched the operation jointly with Myojo Bus Co. in October
Slide 24: Real estate business as the engine of the group's growth
Real estate business as the engine of the group’s growth Continue sales business with the focus on short-term turnover ◆ Sell apartments in major cities throughout Japan <The Kyoto Residence Gosho-Minami> Location: 546 Bishamon-cho, Takeya-cho-agaru, Gokomachi-dori, Nakagyo-ku, Kyoto-shi Completed:
Slide 25: Real estate business as the engine of the group's growth
Real estate business as the engine of the group’s growth Make the most effective use of the group’s assets ◆ Acquired 100% ownership of Osaka Merchandise Mart Corporation Acquired 100% ownership of Osaka Merchandise Mart Corporation, which used to be an affiliate February 2015: Additional purchase o
Slide 26: Retail business to enhance the value of community and living
Retail business to enhance the value of “community” and “living” Further enhance our in-station shopping business ◆ Renewal of Keihan Department Store, Hirakata • Implemented a renewal of the food floor (1st floor) and the fashion floor (1st floor of the annex), converting them to a sweets & gifts s
Slide 27: Hotel and leisure businesses to create sightseeing opportunities
Hotel and leisure businesses to create sightseeing opportunities Raise the quality of our existing hotels in terms of both facilities and contents ◆ Attract USJ visitors to our facilities • The number of visitors to USJ is expected to exceed its record high marked in FY2015, mainly due to the openin
Slide 28: Hotel and leisure businesses to create sightseeing opportunities
Hotel and leisure businesses to create sightseeing opportunities Raise the quality of our existing hotels in terms of both facilities and contents ◆ Reinforce our competitive edge through renewal <Kyoto Century Hotel> • Full renewal of guest rooms (September 18) • BIO-Style, a concept proposed by th
Slide 29: Hotel and leisure businesses to create sightseeing opportunities
Hotel and leisure businesses to create sightseeing opportunities Open more hotels <Hotel Keihan Yodoyabashi (provisional name)> Location: 2-41-1 Kitahama, Chuo-ku, Osaka-shi Two-minutes’ walk from Keihan Kitahama Station and five- minutes’ walk from Yodoyabashi Station Opening: Summer 2017 (schedule
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