Hankyu Hanshin Holdings Group
Supplementary Materials of
Financial Results for the First Quarterof Fiscal 2025 (Ending March 2025)
August 2, 2024
Hankyu Hanshin Holdings, Inc.
9042 https://www.hankyu-hanshin.co.jp/en/

Consolidated Statements of Income(Summary)
Consolidated Subsidiaries
Equity-Method Affiliates
Total(¥ million)

Q1 FY2025
Results

FY2024
Results

109 companies
12 companies
121 companies

107 companies +2 (3 companies increase, 1 company decrease)
13 companies -1 (1 company decrease)120 companies +1 company

Q1 FY2025
Results

ChangeQ1 FY2024
Results

ChangeRemarksOperating revenue

261,933

245,524 +16,408 （ +6.7%

Operating profit

34,05833,750+308 （ +0.9%[Business profit][34,390][34,118][+271] [ +0.8% ]Non-operating income

12,167

6,232+5,935Non-operating expenses

3,707

3,150+556

42,51836,831

Extraordinary income

476

650-173

Extraordinary losses

805

642+163

34,45825,098

Ordinary profit

Profit attributable to owners ofparent[Reference]

Q1 FY2025
Results

Q1 FY2024
Results

Interest expenses +223

+5,686 （ +15.4% ）+9,360 （ +37.3% ）Change15,45615,002+454

Financial balance (1) - (2)-2,039-1,811-227731735-3

2,771

2,547+223

Interest expenses (2)） For details, please see P3.

Share of profit of entities accounted for using
equity method +5,998

Depreciation
Interest and dividend income (1)）

Note: Business profit = Operating profit + Equity-method gains/losses related to overseas business investments

2Consolidated Statements of Income (Breakdown for each business segment)
Key results in current period
Although revenue increased due to strong performance across many businesses, profits were kept flat year-over-year due
to a downturn in the Travel segment relative to the influx in orders for support services for local authorities seen in thesame period of the previous year, and a decline in cargo volume in the International Transportation segment.
(¥ million)

Operating revenue

Operating profit[Business profit]
Q1 FY2025
Q1 FY2024
Results
Results

Q1 FY2025
Results

Q1 FY2024
Results

Urban Transportation

52,31249,606+2,706

10,8059,784+1,020Real Estate

73,866

69,593+4,273

13,217[13,549]

11,116[11,484]+2,101[+2,064]Entertainment

26,153

23,836+2,316

7,959

8,246-286

Information and Communication
Technology

14,23013,032+1,198471

176+295

Travel

69,854

61,265+8,589

3,711

5,009

-1,297

International Transportation

23,97825,835-1,856-750522-1,273

Other

11,74010,619+1,120238

71+166

Adjustment-10,205-8,264-1,940-1,595-1,176

-418

Total

261,933

245,524+16,408

34,058[34,390]

33,750[34,118]+308[+271]

ChangeNote: Business profit = Operating profit + Equity-method gains/losses related to overseas business investments

Change3Urban Transportation Results
Revenue and profit increased due to an increase in ridership on Hankyu and Hanshin lines, and the openingof the Kita-Osaka Kyuko Line extension in the Railway business , among other factors.

（\ million）

Q1 FY2025
Results

Q1 FY2024
Results％

ChangeOperating revenue

52,31249,606+2,706+5.5%

Operating profit

10,8059,784+1,020+10.4%[Breakdown by type of business]（\ billion）

Operating revenue
Q1 FY2025
Results

Q1 FY2024
Results

Operating profit
Y on YQ1 FY2025
Results

Q1 FY2024
Results

Y on Y

Railway38.536.6+1.9

11.6

10.6

+1.0

Automobile

11.0

10.6+0.4

0.6

0.5+0.1

Retailing

3.2

3.0+0.2

0.4

0.3+0.1

Others

1.6

1.4+0.2

0.1

0.1

-0.0

Note: Not including head office expenses / adjustments.

4

[Urban Transportation] Railway Performance Results
Hankyu Corporation
Fare revenues (¥ million)*
Q1 FY2025
Results

Q1 FY2024
Results

Passenger volumes (Thousands)*
Q1 FY2025
Results

ChangeQ1 FY2024
Results

Change

8,499

8,205

+293(+3.6%)

83,90682,514+1,391(+1.7%)

Workers

7,291

6,993+297(+4.3%)

56,931

55,587+1,344(+2.4%)

Students

1,207

1,212-4(-0.4%)

26,97426,927+46(+0.2%)

15,56014,878+682(+4.6%)

72,896

70,238+2,657(+3.8%)

23,084+975(+4.2%)

156,802

152,753+4,049(+2.7%)

Commuter pass

Other tickets

24,059Total

Barrier-free charge:
0.9 billion yen

Barrier-free charge:
0.7 billion yen

Hanshin Electric Railway
Fare revenues (¥ million)*
Q1 FY2025
Results

Q1 FY2024
Results

Passenger volumes (Thousands)*
Q1 FY2025
Results

ChangeQ1 FY2024
Results

Change3,154

3,026+127(+4.2%)

31,736

31,056+680(+2.2%)

Workers

2,831

2,707

+124(+4.6%)

25,007

24,434+572(+2.3%)

Students322

319+3(+1.0%)

6,729

6,621

+108(+1.6%)

Other tickets

5,819

5,577+241(+4.3%)

29,76628,551+1,214(+4.3%)

Total

8,973

8,604

+369

(+4.3%)

61,50259,607+1,895(+3.2%)

Commuter pass

Barrier-free charge:
Barrier-free charge:
0.2 billion yen
0.3 billion yen
Note: 1) Revenue amounts less than one million yen, and numbers of passengers less than one thousand, are omitted.
2) For Hankyu Railway, “other ticket revenue/ridership” includes revenue/ridership associated with the PiTaPa usage sections.
3) Sum of tier 1 and tier 2 railway operators for both Hankyu Corporation and Hanshin Electric Railway
4) Barrier-free charge is added to regular rail fares and included in the fare revenues from “Other tickets” and “Commuter pass: workers” for both Hankyu Corporation andHanshin Electric Railway

5

Real Estate Results
Revenue and profit increased, driven by robust growth in leasing activity in Osaka Umeda Twin Towers
South and other properties in the Real estate leasing business, and strong demand for accommodations inthe Hotel business, primarily from inbound visitors, among other factors.
（\million）

Q1 FY2025
Results

Q1 FY2024
Results

Change％Operating revenue

73,866

69,593+4,273+6.1%

Operating profit

13,217

11,116+2,101+18.9%[Business profit][13,549][11,484][+2,064][+18.0%][Breakdown by type of business]（\ billion）

Operating profit[Business profit]

Operating revenue
Q1 FY2025 Q1 FY2024
Results
Results

Y on YQ1 FY2025 Q1 FY2024
Results
Results

Y on Y

Real estate leasing

34.1

30.4+3.7

11.6

9.7+1.9

Real estate sales andothers

30.5

30.7

-0.1

2.5

2.4+0.1

Overseas real estate

2.2

1.6+0.6

0.9
[1.3]

0.7
[1.1]

+0.2
[+0.2]

Hotel

16.1

14.8+1.3

1.3

1.1+0.2

Note: 1) Not including head office expenses/adjustments.
2) Business profit = Operating profit + Equity-method gains/losses related to overseas business investments

6Entertainment Results
Although revenue grew on the back of strong sales of Hanshin Tigers merchandise in the Sports businessand an increase in attendance in the Music business (Billboard-related), profit declined following revisions
to the number of performances by the Takarazuka Revue in the Stage business, among other factors.

（\ million）

Q1 FY2025
Results

Q1 FY2024
Results％

ChangeOperating revenue

26,153

23,836+2,316+9.7%

Operating profit

7,959

8,246-286-3.5%[Breakdown by type of business]（\ billion）

Operating revenue
Q1 FY2025
Results

Q1 FY2024
Results

Operating profit
Y on YQ1 FY2025
Results

Q1 FY2024
Results

Y on YSports

17.6

15.3+2.3

7.4

6.8+0.5Stage

8.5

8.5+0.0

1.1

1.9-0.8

Note: Not including head office expenses /adjustments.

7Information and Communication Technology Results
Revenue and profit in the Information Services business increased due to an increase in orders in theinfrastructure solutions field.

（\ million）

Q1 FY2025
Results

Q1 FY2024
Results

Change％Operating revenue

14,23013,032+1,198+9.2%

Operating profit

471

176+295+167.2%

Travel Results
Although revenue increased on the back of a recovery to some degree in overseas travel, profit declined
due to a decrease in orders for support services for local authorities relative to the same period of theprevious year.

（\ million）

Q1 FY2025
Results

Q1 FY2024
Results

Change％Operating revenue

69,854

61,265+8,589+14.0%

Operating profit

3,711

5,009-1,297-25.9%
8International Transportation Results
Revenue and profit declined due to a decrease in air transportation, particularly in Japan and East Asia.
（\ million）

Q1 FY2025
Results

Q1 FY2024
Results

Change％Operating revenue

23,97825,835-1,856-7.2%

Operating profit-750522-1,273―9Consolidated Balance Sheets（\ million）

AssetsCurrent assets

Liabilities

Q1 FY2024
Results

ChangeRemarks

518,936

513,368

Non-current assets

2,543,690

2,539,561+4,128 Investment securities -7,113

Total assets

3,062,626

3,052,930+9,696

489,877

506,992-17,115

Current liabilities
Non-current liabilities
Total liabilities

Net assets

Q1 FY2025
Results

1,473,051

1,475,505+5,567 Land and buildings for sale +23,981
Property, plant and equipment and intangible assets +10,331-2,453

Debt

Q1 FY2025
Results
898,045

Q1 FY2024
Results895,628

Bonds

265,000

265,000

Commercial paper

25,000－

Lease obligations

1,962,928

1,982,497

Shareholders' equity

955,186

930,315+24,871 Payment dividend -7,261

Accumulated othercomprehensive income

51,93648,483+3,452

Non-controlling interests

92,57591,634+941

1,099,697

1,070,432+29,265

32.9%

32.1%

+0.8P

Total net assets
Equity ratio-19,569

Decrease in accounts payable

Interest-bearing debt

13,503

13,532

1,201,549

1,174,160

Change+2,417△0+25,000-29+27,388

Profit attributable to owners of parent +34,458

Note: From the beginning of FY2025, "Accounting Standard for Corporate Taxes, Inhabitants Taxes, and Enterprise Taxes" (ASBJ Statement No. 27) has been applied.
The figures for FY2024 have been retroactively adjusted in accordance with the application of these accounting standards.

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