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Tokyu Corporation (TOKUF)
OTHER OTC:TOKUF
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.19Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -14.24%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with significant year-on-year growth in revenue and profits. Positive results were seen across multiple segments, and the company presented an improved full-year forecast. New projects and developments are on track, and there were notable achievements in the hotel sector and ESG initiatives. However, some challenges remain, such as lower commuter usage on the Shin-Yokohama Line and risks from rising construction costs.Company Guidance
During the earnings call for Tokyu Corporation's second quarter of FY 2024, President Horie provided comprehensive guidance on financial performance and forecasts. The company reported operating revenue of JPY 483.4 billion and an operating profit of JPY 45.5 billion, with profits attributable to owners at JPY 35 billion, showing significant year-on-year increases of JPY 48.7 billion, JPY 23.7 billion, and JPY 16.5 billion, respectively. For the full year FY 2023, Tokyu Corporation forecasts operating revenue of JPY 1.0395 trillion, operating profit of JPY 85 billion, and profit attributable to owners of JPY 54 billion, reflecting an upward revision from earlier predictions. Key segments like Transportation and Real Estate saw notable improvements, with the Transportation sector alone revising its operating profit forecast up by JPY 7 billion due to increased fares and reduced power costs. The company also highlighted initiatives in urban development and sustainability, emphasizing a 38% reduction in CO2 emissions compared to FY 2019, and plans for a cyclical reinvestment strategy designed to enhance the value and competitiveness of areas along Tokyu lines. Additionally, Tokyu Corporation announced a year-end dividend of JPY 10, raising the annual dividend to JPY 17.5 per share.Strong Year-on-Year Growth in Q2 FY 2023
Operating revenue was JPY 483.4 billion, up JPY 48.7 billion year-on-year. Operating profit rose by JPY 23.7 billion, and profit attributable to owners of parent increased by JPY 16.5 billion.
Positive Performance Across Segments
Transportation segment saw an increase of JPY 13.7 million in operating revenue. Real Estate and Hotel and Resort segments also achieved growth, with profits up JPY 4.7 billion and JPY 4.1 billion, respectively.
Improved Full Year Forecast
Operating profit for FY 2023 is forecasted to be JPY 85 billion, up JPY 7 billion from the August forecast. Profit attributable to owners of parent is expected to be JPY 54 billion, up JPY 9 billion.
Successful New Projects and Developments
The Tokyu Kabukicho Tower saw over 3 million visitors, and the Shin-Yokohama Line reached about 70% of its passenger target. New development projects in Shibuya and other areas are progressing as planned.
Record High ADR in Hotel Sector
Percentage of foreign guests in Shibuya area hotels reached 74.5%, with ADR achieving record high levels.
Significant ESG Achievements
Achieved a 38% reduction in CO2 emissions compared to FY 2019. All Tokyu Railways lines now use 100% renewable energy.
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TOKUF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TOKUF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $12.57 | $12.64 | +0.56% |
| Aug 08, 2024 | $11.52 | $11.46 | -0.52% |
| May 13, 2024 | $11.99 | $11.81 | -1.50% |
| Feb 09, 2024 | $11.43 | $11.24 | -1.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Tokyu Corporation (TOKUF) report earnings?
Tokyu Corporation (TOKUF) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Tokyu Corporation (TOKUF) earnings time?
Tokyu Corporation (TOKUF) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TOKUF EPS forecast?
TOKUF EPS forecast for the fiscal quarter 2024 (Q3) is 0.19.
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