Announcement • May 30
Tokyu Corporation to Report Q1, 2027 Results on Aug 07, 2026 Tokyu Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Outside Independent Director Ryoko Sugiyama was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 13
Tokyu Corporation (TSE:9005) announces an Equity Buyback for 13,000,000 shares, representing 2.28% for ¥20,000 million. Tokyu Corporation (TSE:9005) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 shares, representing 2.28% of its issued share capital, for ¥20,000 million. The purpose of the program is to improve capital efficiency and enhance per-share value. The program is valid till March 31, 2027. As of March 31, 2026, the company had 569,948,884 outstanding shares (excluding treasury stock) and 54,920,992 treasury shares. Announcement • May 12
Tokyu Corporation, Annual General Meeting, Jun 26, 2026 Tokyu Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 09
Tokyu Corporation to Report Fiscal Year 2026 Results on May 12, 2026 Tokyu Corporation announced that they will report fiscal year 2026 results on May 12, 2026 Announcement • Feb 11
Tokyu Corporation Revises Dividend Guidance for the Fiscal Year Ending March 31, 2026 Tokyu Corporation revised dividend guidance for the fiscal year ending March 31, 2026. For the period, the company expects dividend of JPY 16 per share compared to JPY 14 per share a year ago. Announcement • Nov 29
Tokyu Corporation to Report Q3, 2026 Results on Feb 10, 2026 Tokyu Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Announcement • Nov 28
Tokyu Corporation Announces Dividend for the End of First Half ended September 30, 2025, Payable on December 5, 2025 Tokyu Corporation announced dividend of JPY 14.00 per share for the end of first half ended September 30, 2025 against JPY 11.00 per share paid a year ago. Scheduled date of commencement of dividend payment: December 5, 2025. Announcement • Nov 11
Tokyu Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2026 Tokyu Corporation revised consolidated earnings guidance for the year ending March 31, 2026. For the year, the company now expects operating revenue of JPY 1,085,000 million compared to previous guidance of JPY 1,072,000 million, Operating profit of JPY 104,000 million compared to previous guidance of JPY 100,000 million, Profit attributable to owners of parent of JPY 84,000 million compared to previous guidance of JPY 80,000 million and net income per share of JPY 146.32 per share compared to previous guidance of JPY 139.23 per share. Announcement • Oct 02
Tokyu Corporation (TSE:9005) completed the acquisition of 4.99% stake in Tokyu REIT, Inc. (TSE:8957). Tokyu Corporation (TSE:9005) agreed to acquire 5% stake in Tokyu REIT, Inc. (TSE:8957) for ¥20 billion on March 24, 2025. The expected completion of the transaction is March 25, 2025 to September 30, 2025.
Tokyu Corporation (TSE:9005) completed the acquisition of 4.99% stake in Tokyu REIT, Inc. (TSE:8957) on October 1, 2025. As part of acquisition, 48,752 units were acquired. After completion of transaction, Tokyu Corporation holds 15.24% stake in Tokyu REIT. Announcement • Sep 01
Tokyu Corporation to Report Q2, 2026 Results on Nov 11, 2025 Tokyu Corporation announced that they will report Q2, 2026 results on Nov 11, 2025 Announcement • Jun 12
Bain, KKR Reportedly to Be Second-Round Bidders for Sapporo Unit Bain Capital, LP, KKR & Co. Inc. (NYSE:KKR) and Lone Star (Lone Star Americas Acquisitions, Inc.) are among investment firms that have advanced to the second round of bidding for the real estate unit of Sapporo Holdings Limited (TSE:2501), according to people familiar with the matter. Bidding will end in August and the sale price is expected to exceed ¥400 billion ($2.8 billion), said the people, who asked not to be identified discussing non-public information. The aim is to reach an agreement by the end of this year, they said. Sapporo Real Estate Co. (Sapporo Real Estate Development Co., Ltd.) owns and operates Yebisu Garden Place, one of Tokyo’s biggest mixed-use developments, housing the Michelin three-star French restaurant Joel Robuchon, Westin Hotel, a Yebisu beer brewery as well as stores and condominiums. Sapporo Holdings, a maker of beverages including beer and whiskey, plans to use the proceeds from the sale to invest in future growth initiatives, the people said. Sapporo Holdings shares advanced 4.8% on June 11, 2025 after the Bloomberg report, the sharpest gain in two months. Japanese companies are facing increased pressure from activist shareholders to sell off businesses that aren’t profitable or aren’t related to their main operations. One of those investment firms, 3D Investment Partners, has said that Sapporo Real Estate should be spun off, because its business is being used to cover up the poor performance of the core beverage operations. Bain is collaborating with East Japan Railway Company (TSE:9020) and Tokyu Corporation (TSE:9005) in its bid, the people said. The Bain camp’s proposal is expected to take into account Yebisu Garden Place’s connection to JR Ebisu station via a moving walkway, and its proximity to Shibuya station, which is served by both JR and Tokyu lines, they said. Representatives for Bain Capital, KKR and Sapporo declined to comment. Spokespeople for Tokyu and Lone Star weren’t immediately available to comment. A JR East spokesperson said that the company isn’t participating in the bidding, and isn’t collaborating with Bain Capital. More than 10 companies submitted bids in the first round held in December 2024, the people said. Announcement • May 31
Tokyu Corporation to Report Q1, 2026 Results on Aug 07, 2025 Tokyu Corporation announced that they will report Q1, 2026 results at 12:00 PM, Tokyo Standard Time on Aug 07, 2025 Announcement • May 16
Tokyu Corporation (TSE:9005) announces an Equity Buyback for 6,500,000 shares, representing 1.13% for ¥10,000 million. Tokyu Corporation (TSE:9005) announces a share repurchase program. Under the program, the company will repurchase up to 6,500,000 shares, representing 1.13% of its issued share capital, for ¥ 10,000 million. The purpose of the program is to improve capital efficiency and enhance per-share value. The program is valid till March 31, 2026. As of March 31, 2025, the company had 574,584,447 outstanding shares (excluding treasury stock) and 50,285,429 treasury shares. Announcement • May 14
Tokyu Corporation, Annual General Meeting, Jun 27, 2025 Tokyu Corporation, Annual General Meeting, Jun 27, 2025. Announcement • Mar 25
Tokyu Corporation (TSE:9005) agreed to acquire 5% stake in Tokyu REIT, Inc. (TSE:8957). Tokyu Corporation (TSE:9005) agreed to acquire 5% stake in Tokyu REIT, Inc. (TSE:8957) on March 24, 2025. The expected completion of the transaction is March 25, 2025 to September 30, 2025. Announcement • Mar 01
Tokyu Corporation to Report Fiscal Year 2025 Results on May 14, 2025 Tokyu Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Announcement • Nov 30
Tokyu Corporation to Report Q3, 2025 Results on Feb 13, 2025 Tokyu Corporation announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Nov 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥32.73 (vs JP¥25.10 in 2Q 2024) Second quarter 2025 results: EPS: JP¥32.73 (up from JP¥25.10 in 2Q 2024). Revenue: JP¥252.2b (up 3.3% from 2Q 2024). Net income: JP¥19.6b (up 30% from 2Q 2024). Profit margin: 7.8% (up from 6.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%). Reported Earnings • Sep 02
First quarter 2025 earnings released: EPS: JP¥49.81 (vs JP¥32.69 in 1Q 2024) First quarter 2025 results: EPS: JP¥49.81 (up from JP¥32.69 in 1Q 2024). Revenue: JP¥273.1b (up 14% from 1Q 2024). Net income: JP¥29.9b (up 50% from 1Q 2024). Profit margin: 11% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 31
Tokyu Corporation to Report Q2, 2025 Results on Nov 08, 2024 Tokyu Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Declared Dividend • Jul 11
Final dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 108%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 02
Tokyu Corporation to Report Q1, 2025 Results on Aug 08, 2024 Tokyu Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥106 (vs JP¥42.94 in FY 2023) Full year 2024 results: EPS: JP¥106 (up from JP¥42.94 in FY 2023). Revenue: JP¥1.04t (up 11% from FY 2023). Net income: JP¥63.8b (up 145% from FY 2023). Profit margin: 6.1% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.3% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 15
Tokyu Corporation, Annual General Meeting, Jun 27, 2024 Tokyu Corporation, Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.6%). Announcement • Mar 02
Tokyu Corporation to Report Fiscal Year 2024 Results on May 13, 2024 Tokyu Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥25.05 (vs JP¥9.56 in 3Q 2023) Third quarter 2024 results: EPS: JP¥25.05 (up from JP¥9.56 in 3Q 2023). Revenue: JP¥245.4b (up 4.1% from 3Q 2023). Net income: JP¥15.0b (up 160% from 3Q 2023). Profit margin: 6.1% (up from 2.4% in 3Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Dec 01
Tokyu Corporation to Report Q3, 2024 Results on Feb 09, 2024 Tokyu Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥25.10 (vs JP¥18.59 in 2Q 2023) Second quarter 2024 results: EPS: JP¥25.10 (up from JP¥18.59 in 2Q 2023). Revenue: JP¥244.2b (up 8.3% from 2Q 2023). Net income: JP¥15.1b (up 35% from 2Q 2023). Profit margin: 6.2% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥7.50 per share at 0.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 07 December 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.8%). Announcement • Sep 02
Tokyu Corporation to Report Q2, 2024 Results on Nov 08, 2023 Tokyu Corporation announced that they will report Q2, 2024 results on Nov 08, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥32.69 (vs JP¥12.08 in 1Q 2023) First quarter 2024 results: EPS: JP¥32.69 (up from JP¥12.08 in 1Q 2023). Revenue: JP¥239.3b (up 14% from 1Q 2023). Net income: JP¥20.0b (up 174% from 1Q 2023). Profit margin: 8.3% (up from 3.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 13
Tokyu Corporation (TSE:9005) announces an Equity Buyback for 20,000,000 shares, representing 3.25% for ¥30,000 million. Tokyu Corporation (TSE:9005) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 3.25% of the total issued share capital, for ¥30,000 million. The purpose of the program is to reduce cross-shareholdings as well as to improve capital efficiency and to increase the value per share through a reduction in the number of outstanding shares. The program will be valid till December 31, 2023. As of 31 May 2023, the company had 615,280,483 issued shares (excluding treasury stock) and 9,589,393 shares in treasury stock. Announcement • Jun 02
Tokyu Corporation to Report Q1, 2024 Results on Aug 08, 2023 Tokyu Corporation announced that they will report Q1, 2024 results on Aug 08, 2023 Announcement • Jun 01
Tokyu Corporation Announces Year End Dividend for the Fiscal Year Ended March 31, 2023, Payable on June 30, 2023; Provides Second Quarter and Year End Dividend Guidance for the Fiscal Year Ending March 31, 2024 Tokyu Corporation announced year end dividend for the fiscal year ended March 31, 2023. For the period, the company announced year end dividend of JPY 7.50 per share compared to JPY 7.50 per share paid a year ago. The dividend will be payable on June 30, 2023. The company provided second quarter and year end dividend guidance for the fiscal year ending March 31, 2024. For the second quarter, the company expected dividend of JPY 7.50 per share compared to JPY 7.50 per share paid a year ago. For the full year, the company expected year end dividend of JPY 7.50 per share compared to JPY 7.50 per share paid a year ago. Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥42.94 (vs JP¥14.58 in FY 2022) Full year 2023 results: EPS: JP¥42.94 (up from JP¥14.58 in FY 2022). Revenue: JP¥931.3b (up 5.9% from FY 2022). Net income: JP¥26.0b (up 196% from FY 2022). Profit margin: 2.8% (up from 1.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 11
Tokyu Corporation Announces Resignation of Isao Watanabe as Vice Chairman of the Board, Effective June 29, 2023 Tokyu Corporation announced Isao Watanabe, Vice Chairman Of The Board, will resign due to the expiry of the term of office at the Ordinary General Meeting of Shareholders that will be held on June 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.50 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.3%). Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: JP¥9.56 (vs JP¥9.95 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.56 (down from JP¥9.95 in 3Q 2022). Revenue: JP¥235.8b (up 12% from 3Q 2022). Net income: JP¥5.77b (down 3.8% from 3Q 2022). Profit margin: 2.4% (down from 2.8% in 3Q 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Feb 14
Tokyu Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Tokyu Corporation provided consolidated earnings guidance for the Fiscal Year Ending March 31, 2023. For the period, the company expects operating revenue to be JPY 928,800 million, operating profit to be JPY 40,000 million, profit attributable to owners of the parent to be JPY 22,000 million, net income per share to be JPY 36.52. Announcement • Feb 13
Tokyu Corporation Provides Dividend Guidance for the Fiscal Year Ending March, 2023 Tokyu Corporation provided dividend guidance for the fiscal year ending March, 2023. For the year ending, the company expects to pay the dividend of JPY 7.50 per share against JPY 7.50 per share a year ago. Announcement • Dec 02
Tokyu Corporation to Report Q3, 2023 Results on Feb 13, 2023 Tokyu Corporation announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥18.59 (vs JP¥24.71 in 2Q 2022) Second quarter 2023 results: EPS: JP¥18.59 (down from JP¥24.71 in 2Q 2022). Revenue: JP¥225.5b (down 7.5% from 2Q 2022). Net income: JP¥11.2b (down 25% from 2Q 2022). Profit margin: 5.0% (down from 6.1% in 2Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • Nov 15
Tokyu Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Tokyu Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects operating revenue of JPY 937,000 million, operating profit of JPY 40,000 million, profit attributable to owners of parent of JPY 22,000 million and net income per share of JPY 36.52. Announcement • Nov 14
Tokyu Corporation Announces Dividend for the First Half Ended September 30, 2022, Payable on December 2, 2022; Provides Term-End Dividend Guidance for the Fiscal Year Ending March 31, 2023 Tokyu Corporation announced dividend of JPY 7.50 per share for the first half ended September 30, 2022 against JPY 7.50 per share paid for the same period a year ago. Scheduled date of commencement of dividend payment is December 2, 2022.The company provided term-end dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expects to pay term-end dividend of JPY 7.50 per share against JPY 7.50 per share paid for the same period a year ago. Announcement • Oct 18
Sansiri Public Company Limited (SET:SIRI) acquired remaining 30% stake in Siri TK Four Co., Ltd from Tokyu Corporation (TSE:9005) and Saha Tokyu Corporation CO., Ltd for THB 74.2 million. Sansiri Public Company Limited (SET:SIRI) acquired remaining 30% stake in Siri TK Four Co., Ltd from Tokyu Corporation (TSE:9005) and Saha Tokyu Corporation CO., Ltd for THB 74.2 million on October 12, 2022. As a part of transaction, Sansiri Public Company Limited acquired 150,000 shares. The acquisition is funded from Sansiri Public Company Limited working capital. Siri TK Four Company Limited changing its name to Siri Four Holding Company Limited, effective from October 12, 2022.
Sansiri Public Company Limited (SET:SIRI) completed the acquisition of remaining 30% stake in Siri TK Four Co., Ltd from Tokyu Corporation (TSE:9005) and Saha Tokyu Corporation CO., Ltd on October 12, 2022. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.4%). Announcement • Sep 02
Tokyu Corporation to Report Q2, 2023 Results on Nov 14, 2022 Tokyu Corporation announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥12.08 (vs JP¥15.45 in 1Q 2022) First quarter 2023 results: EPS: JP¥12.08 (down from JP¥15.45 in 1Q 2022). Revenue: JP¥209.2b (up 5.0% from 1Q 2022). Net income: JP¥7.28b (down 22% from 1Q 2022). Profit margin: 3.5% (down from 4.7% in 1Q 2022). Over the next year, revenue is forecast to grow 8.1%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • May 29
Tokyu Corporation to Report Q1, 2023 Results on Aug 10, 2022 Tokyu Corporation announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • May 27
Tokyu Corporation Announces Retirement of Masao Tomoe as Representative Director, Effective June 29, 2022 Tokyu Corporation announced that at a meeting of the Board of Directors held on May 27, 2022, the Company informally made a decision to make a change to representative directors whose terms of office expire with the closing of the Ordinary General Meeting of Shareholders that will be held on June 29, 2022. The change will be formally decided at the 153th Ordinary General Meeting of Shareholders that will be held on June 29, 2022. Change of Representative Directors (Retirement) due to the expiry of the term of office: Masao Tomoe. Effective date is June 29, 2022. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥14.58 (vs JP¥93.08 loss in FY 2021) Full year 2022 results: EPS: JP¥14.58 (up from JP¥93.08 loss in FY 2021). Revenue: JP¥879.1b (down 6.1% from FY 2021). Net income: JP¥8.78b (up JP¥65.0b from FY 2021). Profit margin: 1.0% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 5.9%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.0%). Announcement • Mar 01
Tokyu Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Tokyu Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 14
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥9.95 (up from JP¥1.06 in 3Q 2021). Revenue: JP¥211.4b (down 16% from 3Q 2021). Net income: JP¥5.99b (up JP¥5.35b from 3Q 2021). Profit margin: 2.8% (up from 0.3% in 3Q 2021). Revenue missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 3.0%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥24.71 (vs JP¥11.62 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥243.9b (up 8.7% from 2Q 2021). Net income: JP¥14.9b (up JP¥21.9b from 2Q 2021). Profit margin: 6.1% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.2%). Reported Earnings • Aug 14
First quarter 2022 earnings released: EPS JP¥15.45 (vs JP¥33.34 loss in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥199.2b (down 5.0% from 1Q 2021). Net income: JP¥9.31b (up JP¥29.5b from 1Q 2021). Profit margin: 4.7% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
Full year 2021 earnings released: JP¥93.08 loss per share (vs JP¥69.88 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥935.9b (down 20% from FY 2020). Net loss: JP¥56.2b (down 233% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • May 13
Tokyu Corporation Revises Consolidated Earnings Guidance for the Year Ended March 31, 2021 Tokyu Corporation revised consolidated earnings guidance for the year ended March 31, 2021. For the year, the company reported operating revenue guidance of JPY 935,900 million against previous guidance of JPY 931,000 million, operating loss of JPY 31,600 million against previous guidance of JPY 35,000 million, consolidated recurring loss guidance of JPY 26,800 million against previous guidance of JPY 40,000 million, loss attributable to owners of parent guidance of JPY 56,200 million against previous guidance of JPY 60,000 million and net loss per share guidance of JPY 93.03 against previous guidance of JPY 99.32. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (6.0%). Is New 90 Day High Low • Mar 10
New 90-day high: €11.60 The company is up 17% from its price of €9.95 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.05 per share. Announcement • Mar 04
Tokyu Corporation to Report Fiscal Year 2021 Results on May 13, 2021 Tokyu Corporation announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS JP¥1.06 (vs JP¥22.76 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥251.8b (down 13% from 3Q 2020). Net income: JP¥639.0m (down 95% from 3Q 2020). Profit margin: 0.3% (down from 4.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue beats expectations Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 4.6% compared to a 6.3% decline forecast for the Transportation industry in Germany. Announcement • Feb 10
Tokyu Corporation Revised Consolidated Earnings Guidance for the Full Year Ending March 31, 2021 Tokyu Corporation revised consolidated earnings guidance for the full year ending March 31, 2021. For the year, the company now expects operating revenues of JPY 931,000 million, operating loss of JPY 35,000 million and loss attributable to owners of parent of JPY 60,000 million or JPY 99.32 per share compared to previous guidance of operating revenues of JPY 940,000 million, operating loss of JPY 20,000 million and loss attributable to owners of parent of JPY 45,000 million or JPY 74.49 per share. Is New 90 Day High Low • Jan 06
New 90-day low: €9.45 The company is down 13% from its price of €10.90 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.64 per share. Is New 90 Day High Low • Dec 19
New 90-day low: €9.70 The company is down 14% from its price of €11.30 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.75 per share. Announcement • Nov 27
Tokyu Corporation to Report Q3, 2021 Results on Feb 10, 2021 Tokyu Corporation announced that they will report Q3, 2021 results on Feb 10, 2021 Reported Earnings • Nov 12
Second quarter 2021 earnings released: JP¥11.52 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥217.0b (down 28% from 2Q 2020). Net loss: JP¥13.6b (down 186% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue misses expectations Revenue missed analyst estimates by 0.5%. Over the next year, revenue is forecast to stay flat compared to a 7.9% decline forecast for the Transportation industry in Germany. Announcement • Nov 10
Tokyu Corporation Announces Dividend for the First Half of Fiscal Year Ending March 31, 2021, Payable on December 3, 2020; Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2021 Tokyu Corporation announced dividend of JPY 10.00 per share for the first half of fiscal year ending March 31, 2021, against JPY 12.00 per share paid a year ago. Payable date is on December 3, 2020.
The company expects to pay year end dividend of JPY 10.00 per share for the fiscal year ending March 31, 2021, against JPY 11.00 per share paid a year ago. Announcement • Aug 27
Tokyu Corporation Not Providing Consolidated Business Forecast for the Fiscal Year Ending March 2021 Tokyu Corporation announced the consolidated business forecast for the fiscal year ending March 2021 is undecided because it is difficult to reasonably calculate the impact of the COVID-19 coronavirus pandemic on business performance at this stage. The company will promptly announce the forecast when it becomes possible to disclose it. Announcement • Aug 21
Tokyu Corporation to Report Q2, 2021 Results on Nov 10, 2020 Tokyu Corporation announced that they will report Q2, 2021 results on Nov 10, 2020