Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2023
(Based on Japanese GAAP)
August 1, 2023
Company name:Hankyu Hanshin Holdings, Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

9042
URL https://www.hankyu-hanshin.co.jp/
President and Representative Director
Yasuo Shimada

Inquiries:Accounting Manager of the Group Planning
Division

Kazutoshi Funao

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

August 10, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
No

TEL

06-6373-5013(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toOperating revenue
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended June 30, 2023
245,524
7.2
33,75038.2
36,83143.0
25,09849.2
Three months ended June 30, 2022
228,993
50.7
24,425 412.9
25,763 455.3
16,826 425.1
Earnings per share

Diluted earnings per shareYen
104.25
69.84

Three months ended June 30, 2023
Three months ended June 30, 2022

Yen
104.22
69.83(2) Consolidated financial position
Total assets

Net assets

Millions of yen
2,862,004
2,865,410

As of June 30, 2023
As of March 31, 2023

Equity ratio

Millions of yen
1,013,961
980,940

%
32.5
31.6

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
25.00

Yen–

Yen
25.00

Yen
50.00

25.00

–

25.00

50.00

Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

Full year

Percentages indicate year-on-year changes
Profit attributable toOperating revenue
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
1,000,000
3.3
87,700(1.8)
87,000(1.6)
52,00010.7
216.22

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4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):Yes(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

254,281,385 shares As of March 31, 2023

254,281,385 shares

Number of treasury shares at the end of the period
As of June 30, 2023

13,828,124 shares As of March 31, 2023

13,377,821 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023

240,766,279 shares Three months ended June 30, 2022

2240,945,286 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of June 30, 2023

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade42,876
120,067

46,012
81,240Land and buildings for sale
Merchandise and finished goods

193,607
2,897

194,0483,160Work in process
Raw materials and supplies

2,461
5,790

3,967
6,032

Other
Allowance for doubtful accounts

61,237(856)

63,690(892)

Total current assets

428,082

397,258

633,990
57,804

634,000
55,462

1,010,609
252,908

1,000,940
273,826

25,67825,645

1,980,991

1,989,876

Goodwill
Other

7,334
28,155

6,754
27,575

Non-current assets
Property, plant and equipmentBuildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets

Total intangible assets

35,48934,329Investments and other assets
Investment securities

342,659

361,434

Deferred tax assets
Retirement benefit asset

7,272
18,5907,224
18,670Other
Allowance for doubtful accounts

52,583(258)

53,493(283)

Total investments and other assets
Total non-current assets
Total assets

3

420,846

440,538

2,437,328

2,464,745

2,865,410

2,862,004

(Millions of yen)
As of March 31, 2023

As of June 30, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade42,02436,470Accrued expenses
Short-term borrowings

23,182
187,982

19,122
192,116

Commercial papers
Current portion of bonds payable

10,00030,000–30,000

Lease liabilities
Income taxes payable

4,251
10,029

4,206
6,062

Provision for bonuses
Other

4,337
187,877

3,206
154,279

Total current liabilities

499,684

445,465

Non-current liabilities
Long-term borrowings

634,613633,640

Bonds payable
Lease liabilities

230,000
9,503

230,000
9,815

Deferred tax liabilities
Deferred tax liabilities for land revaluation

181,8315,182

187,979
5,182

Retirement benefit liability
Long-term deferred contribution for construction

61,916
132,580

61,936
143,857

Other

129,156

130,163

1,384,785

1,402,576

1,884,470

1,848,042

Share capital
Capital surplus

99,474
147,343

99,474
147,263

Retained earnings
Treasury shares

680,040(48,748)

698,223(50,774)

Total shareholders' equity

878,110894,186

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

20,93025,692

Deferred gains or losses on hedges
Revaluation reserve for land

(78)
5,499

594
5,499

Foreign currency translation adjustment
Remeasurements of defined benefit plans

908
1,433

4,015
1,344

Total accumulated other comprehensive income

28,692

37,146

Non-controlling interests

74,137

82,628

Total net assets

980,940

1,013,961

2,865,410

2,862,004

Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)

Operating revenue
Operating expenses

Three months ended

Three months ended

June 30, 2022

June 30, 2023
228,993245,524

Operating expenses and cost of sales of transportation
Selling, general and administrative expenses

197,116
7,452

204,312
7,461

Total operating expenses

204,568

211,774

24,42533,750

55
498

157
578

Share of profit of entities accounted for using equity method
Miscellaneous income

2,771
605

4,579
917

Total non-operating income3,931

6,232

2,081

2,547

510

603

2,592

3,150

25,76336,831

Contribution received for construction
Other284
556

563
86

Total extraordinary income

840

650

280

547

Operating profit
Non-operating income
Interest income
Dividend income

Non-operating expenses
Interest expenses
Miscellaneous expenses
Total non-operating expenses
Ordinary profit
Extraordinary income

Extraordinary losses
Loss on tax purpose reduction entry of non-current assets
Other

564

94

Total extraordinary losses

845

642

Profit before income taxes

25,75936,839

Income taxes - current
Income taxes - deferred

4,814
3,270

6,638
4,235

Total income taxes

8,085

10,873

Profit17,67425,965

Profit attributable to non-controlling interests
Profit attributable to owners of parent

5847

866

16,82625,098

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2022

June 30, 2023
17,67425,965

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

1,401
36

2,689
625

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

1,802(140)2,566(177)

774

3,023

Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income

3,873

8,728

21,54834,694

19,652

31,971

1,895

2,722

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

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Supplementary information
1. Consolidated financial results for the first quarter of the year ending March 31, 2024
Consolidated Statements of Income (Summary)(Millions of yen)
Q1 FY2024
Results

Q1 FY2023
Results①②

Operating revenue

245,524

228,993

16,530Operating profit[Business profit※]

33,75024,425

9,325[34,118][24,425][9,693]

Ordinary profit

36,831

25,763

11,067

Profit attributableto owners of parent

25,098

16,826

8,272

Change=①-②※ Business profit＝Operating profit＋Equity-method gains/losses associated with overseas investments
Note: Starting in the year ending March 2024, we included a new performance indicator: business profit.
Business profit shows more precisely the progress of our efforts to grow overseas businesses,
such as those in the Real Estate segment.

Consolidated Statements of Income (Breakdown for each business segment)(Millions of yen)
Operating profit[Business profit※]

Operating revenue
Q1 FY2024
Results

Q1 FY2023
Results①②

Urban Transportation

49,60645,655

3,950

Real Estate

69,59360,841

8,752

Change=①-②

Q1 FY2024
Results

Q1 FY2023
Results①②

Change
=①-②

9,784

6,832

2,951

11,116

5,300

5,816

[11,484][5,300][6,184]Entertainment

23,83622,898

938

8,246

7,832

413

Information andCommunication Technology

13,032

12,530501

176258(81)Travel

61,26541,33819,926

5,009

3,554

1,454

International
Transportation

25,835

43,698(17,863)

522

1,911

(1,389)Other

10,619

9,955

663

71

(2)

74

Adjustment(8,264)(7,924)(340)(1,176)(1,262)85※ Business profit＝Operating profit＋Equity-method gains/losses associated with overseas investments
Note: For Q1 FY2024, in segments other than Real Estate, business profit = operating profit.

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