FAQ

When does Tokyu Corporation announce its earnings?
The Company announces its full-year results in the middle of May and quarterly results in the middle of August, November and February each year. Earnings announcements and other schedules are posted in the Event Calendar as soon as they are determined.
Where can I find information on earnings?
You can download PDF files of earnings reports as flash news and IR Presentation materials as easy-to-understand explanatory information.
Click here to download Earnings Reports
Click here to download IR Presentation materials
Where can I find Tokyu Corporation's earnings forecasts?
Our earnings forecasts are posted at the bottom of the cover page and in the reference section at the end of earnings reports and other documents. Our dividend forecast is also posted at the bottom of the cover page of earnings reports.
Click here to download Earnings Reports
Where can I find information on trends in earnings?
Please see "Financial Highlights" in "Financial Results."
Where can I find investment indicators?
Please see "Management Indices" in "Financial Results."
Where can I find segment information?
Please see "Segment Information" in "Financial Results."
What is a loss on disposal of fixed assets?
A loss on disposal of fixed assets is a non-disbursed expense to remove temporary facilities constructed for major improvement works and other needs. To maintain sound finances, the charge is recorded as an operating expense in the transportation business in response to the completion of large works.
What is Tokyu EBITDA?
The Company calculates EBITDA as "operating profit + depreciation and amortization + amortization of goodwill + loss on disposal of fixed assets" and uses it as an indicator that presents a simple operating cash flow. Tokyu EBITDA expresses the essential power of the Company to create cash flows by aggregating the amortization of goodwill that has arisen from past business reorganizations and two non-disbursed expenses that are recorded variably in response to the completion of large improvement works in railway operations, in addition to EBITDA (operating income + depreciation).