Keihan Holdings Co.,Ltd. · TSE:9045
Keihan Holdings Co.,Ltd — Keihan Electric Railway — FY2010 Earnings Presentation
27 slides from Keihan Holdings Co.,Ltd's earnings presentation, May 20, 2010
Slide 1: FY2010 Financial Results Presentation
FY2010 Financial Results Presentation May 20, 2010 Keihan Electric Railway Co., Ltd. (Tokyo Stock Exchange 1st/Osaka Securities Exchange 1st Securities Code: 9045 http://www.keihan.co.jp/) [Notes on forecasts] Descriptions of business forecasts and future prospects are based on current information a
Slide 2: Overview of FY2010 Financial Results
Overview of FY2010 Financial Results
Slide 3: Consolidated Statements of Income
Consolidated Statements of Income (Millions of yen) 2009/11 2009/3 2010/3 Change Main factors of changes Estimate Operating revenue 260,766 254,761 (6,005) Transportation -2,821, Real estate +10,992, Retail -9,256, 253,100 (-2.3%) Leisure and service -1,134, Others -3,984 Operating income 14,687 13,
Slide 4: Consolidated Balance Sheets
Consolidated Balance Sheets (Millions of yen) 2009/3 2010/3 Change Main factors of changes Current assets 138,034 131,166 (6,868) Notes and accounts receivable Land and buildings for sale -3,595 -2,318 Property, plant and equipment +23,834 (newly-purchased buildings, etc.) Fixed assets 434,064 458,4
Slide 5: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Millions of yen) 2009/3 2010/3 Change Main factors of changes Income before income taxes -3,032 Operating cash flows 24,167 20,525 (3,642) Changes in notes and accounts receivable -5,086 Changes in inventories +2,313 Proceeds from sales of fixed assets -6,836 I
Slide 6: Segment Information
Segment Information (Millions of yen) 2009/3 2010/3 Change Change (%) 2009/11 Estimate Operating revenue 260,766 254,761 (6,005) (2.3) 253,100 Transportation 86,665 83,843 (2,821) (3.3) 84,100 Real estate 33,416 44,408 10,992 32.9 41,000 Retail 103,921 94,665 (9,256) (8.9) 96,000 Leisure and service
Slide 7: Results of Transportation
Results of Transportation (Millions of yen) 2009/11 2009/3 2010/3 Change Change (%) Remarks Estimate Railway operation 56,448 (-1,075) Operating revenue 86,665 83,843 (2,821) (3.3) Bus 23,889 (-1,007) 84,100 Taxi 4,244 (-745) Railway operation 6,250 (-351) Operating income 6,751 6,127 (624) (9.3) Bu
Slide 8: Results of Real Estate
Results of Real Estate (Millions of yen) 2009/11 2009/3 2010/3 Change Change (%) Remarks Estimate Real estate sales 28,685 (+9,954) Operating revenue 33,416 44,408 10,992 32.9 Real estate leasing service 16,623 (+875) 41,000 Real estate sales 667 (-831) Operating income 7,346 7,557 211 2.9 Real esta
Slide 9: Results of Retail
Results of Retail (Millions of yen) 2009/11 2009/3 2010/3 Change Change (%) Remarks Estimate Department store 50,253 (-3,140) Store 29,646 (-561) Operating revenue 103,921 94,665 (9,256) (8.9) Shopping mall management 10,518 (-3) 96,000 Construction material sales 6,857 (-5,762) Department store 61
Slide 10: Results of Leisure and Service
Results of Leisure and Service (Millions of yen) 2009/11 2009/3 2010/3 Change Change (%) Remarks Estimate Hotel 17,693 (+118) Restaurant 7,663 (-215) Sightseeing ship 2,583 (-270) Operating revenue 37,673 36,538 (1,134) (3.0) Automobile maintenance service 1,969 (-393) 37,200 Welfare for elderly and
Slide 11: Results of Others
Results of Others (Millions of yen) 2009/11 2009/3 2010/3 Change Change (%) Remarks Estimate Utility work 7,215 (-3,022) Operating revenue 15,017 11,033 (3,984) (26.5) Landscaping 2,475 (+214) 10,700 Survey and design 2,647 (-573) Utility work 116 (-185) Operating income (178) (31) 146 – Landscaping
Slide 12: Non-consolidated Statements of Income
Non-consolidated Statements of Income (Millions of yen) 2009/11 2009/3 2010/3 Change Change (%) Main factors of changes Estimate Operating revenue 76,926 73,400 (3,525) (4.6) 74,200 Railway operation 54,886 53,909 (976) (1.8) Number of passengers Passenger transportation revenue -2.1% -1.7% 54,130 S
Slide 13: Business Results Forecast of FY2011
Business Results Forecast of FY2011
Slide 14: Forecast of Consolidated Business Results (1)
Forecast of Consolidated Business Results (1) (Millions of yen) FY2010 Results FY2011 Forecast Change Change (%) Main factors of changes Real estate -4,835 Operating revenue 254,761 252,200 (2,561) (1.0) Retail 1,809 Transportation -580 Operating income 13,766 13,500 (266) (1.9) Real estate -458 Lei
Slide 15: Forecast of Consolidated Business Results (2)
Forecast of Consolidated Business Results (2) << By segment >> (Millions of yen) FY2010 Results FY2011 Forecast Change Change (%) Main factors of changes Operating revenue 254,761 252,200 (2,561) (1.0) Railway operation -549 Transportation 96,543 96,500 (43) (0.0) Station service management +261 Rea
Slide 16: Forecast of Non-Consolidated Business Results
Forecast of Non-Consolidated Business Results (Millions of yen) FY2010 Results FY2011 Forecast Change Change (%) Main factors of changes Operating revenue 73,400 74,300 899 1.2 Number of passengers -0.9% Railway operation 53,909 53,240 (669) (1.2) Passenger transportation revenue -1.0% Subsidiary bu
Slide 17: Towards the Next 100 Years with a Progressive Spirit
TOPICS Towards the Next 100 Years with a “Progressive Spirit”
Slide 18: Towards the Next 100 Years: Community Efforts
Towards the Next 100 Years ~ Learn the Spirit of Business Creation and Starting Period ¤ Addressing the efforts toward Environmental Conservation, Social Contribution, and Coexistence with Communities. < Kyoto Area > [Efforts with local governments in our area] In cooperation with Higashiyama Sakamo
Slide 19: Current Challenges and Policies
Current Challenges and Policies Current state Severe year-on-year losses in transportation revenue and retail and hotel sales are continuing, but in early 2010 signs of business recovery were visible along with the Kansai economic recovery. Transportation revenue (year-on-year) Sales for retail busi
Slide 20: Current Challenges and Policies
Current Challenges and Policies Our business is on track for recovery, but the impact of the economic recession will continue. To adequately correspond to our business changes, we will focus on establishing a robust business base. First, we will prioritize the system so as to better endure the sever
Slide 21: Positioning of Our Business and Prioritized Measures in FY2011
Positioning of Our Business and Prioritized Measures in FY2011 Positioning of Our Business in FY2011 Placing more emphasis on establishing a robust business base. We will invest in future growth by paying attention to the recovery of earning ability for existing businesses (operating cash flow) and
Slide 22: Enforcement of Business Base (Railway operation)
Measures in FY2010 and FY2011 Enforcement of Business Base (Railway operation) Security Measures Establishing the overhead crossing near Yodo Station Adequate operation of our security management system Reinforcement of check functions and implementation of training Adequate facility investment plan
Slide 23: Enforcement of Business Base (Department store)
Measures in FY2010 and FY2011 Enforcement of Business Base (Department store) Management Environment 57,000 56,212 (Millions of yen) 500 56,000 Operating revenue 450 Steep decline in operating revenue 55,000 Operating income 400 366 • Operating revenue in FY2010: 10.6% decrease from FY2008 54,000 53
Slide 24: Enforcement of Business Base (Hotel)
Measures in FY2010 and FY2011 Enforcement of Business Base (Hotel) Changes in External Environment • Declining business and leisure demands due to the economic recession • Decreasing inbound traffic due to the global recession and yen appreciation • Falling room charge due to fierce competition ⇒ Al
Slide 25: Enforcement of Business Base
Measures in FY2010 and FY2011 Enforcement of Business Base Distinction and concentration of business and assets • Dissolution: Soil Engineering Co., Ltd. (April 2009) • Transfer of shares: Keihan Fukui International Country Co., Ltd. (August 2009) Considering • Transfer of Business: Daisen Lake Hote
Slide 26: Realization of Growth: Real estate
Realization of Growth Real estate Acquisition of new lease properties We plan to acquire new leasing properties in order to forge a management base for future growth and stability while closely examining such properties. Keihan Dojima INTAGE Akihabara Promotion of new condominium sales Building Buil
Slide 27: Realization of Growth: Retail
Realization of Growth Retail Expansion of commercial property management business We have accepted on trust the operation and property management for “Hawks Town Mall” and will work on this project with an eye to renewal. We will continue to acquire property management business for 10 domestic facil
Keihan Electric Railway — FY2010 Earnings Presentation on 6ix