Odakyu Dentetsu KK

Latest Results (07.08.2024):

Revenue Growth

Odakyu Dentetsu KK reported a significant increase in revenue for the first quarter of 2023. The company's total revenue reached ¥409,500 million, marking a growth of ¥9,500 million compared to the same period last year. This increase is attributed to the recovery in the number of users and improved performance in the transportation and hotel operations sectors.

Operating Income

For Q1 2023, Odakyu Dentetsu KK's operating income saw a substantial rise, reaching ¥45,000 million. This represents an increase of ¥18,398 million, or 69.2%, from the previous year. The growth in operating income was driven by strategic pricing enhancements and business structure reforms aimed at improving profitability.

Net Income

Odakyu Dentetsu KK's net income attributable to owners of the parent for the first quarter of 2023 was ¥71,000 million. This is a notable increase of ¥30,263 million, or 74.3%, compared to the same period in the previous year. The rise in net income reflects the company's successful efforts in cost management and revenue growth across its business segments.

Dividends

In line with its basic policy of maintaining stable dividend payments, Odakyu Dentetsu KK announced an annual dividend of ¥22.0 per share for FY2023. This includes an interim dividend of ¥11.0 and a year-end dividend of ¥11.0. The company aims to maintain a dividend payout ratio of approximately 30%, reflecting its improved performance and commitment to shareholder returns.

Financial Outlook

Odakyu Dentetsu KK has set ambitious financial targets for the coming years, with a forecast of achieving ¥45.0 billion in operating income by FY2023 and ¥60.0 billion by FY2030. The company plans to enhance asset efficiency and profitability through strategic initiatives, including the sale of non-core assets and business portfolio reorganization, to ensure sustainable profit growth and financial soundness.