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, 2024
(Based on Japanese GAAP)
August 2, 2024
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

Hideo Nobumoto

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:–Yes

Holding of financial results meeting:

NoTEL

06-6373-5013(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)

Three months ended June 30, 2024
Three months ended June 30, 2023

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%
261,933
6.7
34,0580.9
42,51815.4
34,45837.3
245,524
7.2
33,75038.2
36,83143.0
25,09849.2
Earnings per share

Diluted earnings per shareYen
143.57104.25Three months ended June 30, 2024
Three months ended June 30, 2023

Yen
143.18104.22(2) Consolidated financial position
Total assets
As of June 30, 2024
As of March 31, 2024

Net assets

Millions of yen
3,062,626
3,052,930

Equity ratio

Millions of yen
1,099,697
1,070,432

%
32.9
32.1

2. Cash dividends
Annual dividends per share

Year ended March 31, 2024
Year ending March 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
25.00

Yen–

Yen
30.00

Yen
55.00

30.00

–

30.00

60.00

Year ending March 31, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
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
Full year
1,075,000
7.8
105,800
0.1
103,000(5.9)
70,0003.2
292.92

1

4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

No(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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(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, 2024

254,281,385 shares As of March 31, 2024

254,281,385 shares

Number of treasury shares at the end of the period
As of June 30, 2024

14,611,669 shares As of March 31, 2024

14,080,117 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

240,014,544 shares Three months ended June 30, 2023

2240,766,279 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024

As of June 30, 2024

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade59,610103,386

62,953
83,177

Land and buildings for sale
Merchandise and finished goods

269,789
3,586

293,7713,723Work in process
Raw materials and supplies

2,922
6,486

5,088
6,464

Other
Allowance for doubtful accounts

68,546(960)

64,677(919)

Total current assets

513,368

518,936

631,352
60,323

633,616
60,7601,030,054
260,688

1,031,834
266,658

26,80826,750Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net

2,009,227

2,019,620

Intangible assets

Total property, plant and equipment

36,31636,255Investments and other assets
Investment securities

404,266

397,153

Deferred tax assets
Retirement benefit asset

7,510
27,184

7,947
27,257

Other
Allowance for doubtful accounts

55,267(211)

55,657(201)

Total investments and other assets

494,017487,8142,539,561

2,543,690

3,052,930

3,062,626

Total non-current assets
Total assets3

(Millions of yen)
As of March 31, 2024

As of June 30, 2024

Liabilities
Current liabilities
Notes and accounts payable - trade43,19039,526

Accrued expenses
Short-term borrowings

22,935
189,854

21,215
197,054

Commercial papers
Current portion of bonds payable–
15,00025,00015,000

Lease liabilities
Income taxes payable

4,130
15,290

4,097
10,484

Provision for bonuses
Other

5,304
211,287

3,893
173,605

Total current liabilities

506,992

489,877

Non-current liabilities
Long-term borrowings

705,773

700,991

Bonds payable
Lease liabilities

250,000
9,402

250,000
9,405

Deferred tax liabilities
Deferred tax liabilities for land revaluation

181,199
5,141

179,771
5,141

Retirement benefit liability
Long-term deferred contribution for construction

61,682
128,188

61,677
132,541

Other

134,117

133,5211,475,505

1,473,051

1,982,497

1,962,928

Share capital
Capital surplus

99,474
147,301

99,474147,058

Retained earnings
Treasury shares

735,430(51,891)

762,617(53,963)

Total shareholders' equity

930,315

955,186

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

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

29,533

28,691

Deferred gains or losses on hedges
Revaluation reserve for land

329
5,545

966
5,541

Foreign currency translation adjustment
Remeasurements of defined benefit plans

5,805
7,269

9,550
7,186

Total accumulated other comprehensive income

48,48351,936

Non-controlling interests
Total net assets
Total liabilities and net assets

491,634

92,575

1,070,432

1,099,697

3,052,930

3,062,626

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, 2023

June 30, 2024
245,524

261,933

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

204,312
7,461

219,908
7,966

Total operating expenses

211,774

227,874

33,75034,058

157
578

250
481

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

4,579
917

10,577858

Total non-operating income

6,232

12,167

2,547

2,771

603

936

3,150

3,707

36,831

42,518Contribution received for construction
Gain on sale of non-current assets

563
10

143
261

Other7671

Total extraordinary income650476547–

137424

Other94243

Total extraordinary losses

642805

Profit before income taxes

36,83942,189

Income taxes - current
Income taxes - deferred

6,638
4,235

10,716(3,558)

Total income taxes

10,873

7,157

Profit25,96535,031866

572

25,09834,458Operating 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
Loss on sale of shares of subsidiaries and associates

Profit attributable to non-controlling interests
Profit attributable to owners of parent5

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

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2023

June 30, 2024
25,96535,031

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

2,689
625

2,566
635

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

2,566(177)

5,110(240)

Share of other comprehensive income of entities accountedfor using equity method

3,023(2,097)

Total other comprehensive income
Comprehensive income

8,728

5,975

34,69441,006

31,97137,817

2,722

3,189

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

6

Supplementary information
1. Consolidated financial results for the first quarter of the year ending March 31, 2025
Consolidated Statements of Income (Summary)(Millions of yen)
Q1 FY2025
Results

Q1 FY2024
Results①②

Operating revenue

261,933

245,524

16,408Operating profit[Business profit※]

34,05833,750308[34,390][34,118][271]

Ordinary profit

42,51836,831

5,686

Profit attributableto owners of parent

34,45825,098

9,360

Change=①-②※ Business profit＝Operating profit＋Equity-method gains/losses associated with overseas investments

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

Operating revenue
Q1 FY2025
Results

Q1 FY2024
Results①②

Urban Transportation

52,31249,606

2,706

Real Estate

73,866

69,593

4,273

Entertainment26,153

23,836

Information andCommunication Technology

14,230TravelChange=①-②

Q1 FY2025
Results

Q1 FY2024
Results①②

Change=①-②

10,805

9,784

1,020

13,217

11,116

2,101[13,549][11,484][2,064]

2,316

7,959

8,246

(286)

13,032

1,198

471

176

295

69,854

61,265

8,589

3,711

5,009

(1,297)

International
Transportation

23,97825,835(1,856)

(750)

522

(1,273)

Other

11,74010,619

1,120

238

71

166

Adjustment(10,205)(8,264)(1,940)(1,595)(1,176)(418)※ Business profit＝Operating profit＋Equity-method gains/losses associated with overseas investments

7