Management Indices

Profitability

Tokyu EBITDA

(Unit: billion yen)

Tokyu EBITDA margin

(Unit: %)

Tokyu EBITDA/total assets

(Unit: %)

ROA (Return of assets)

(Unit: %)

ROE (Return of equity)

(Unit: %)

Safety

Interest-bearing Debt / Tokyu EBITDA Multiple

(Unit: times)

D/E ratio

(Unit: times)

Equity ratio

(Unit: %)

Balance-sheet indicators

Net assets

Total assets

Cash-flow indicators

Interest-bearing debt at end of term

(Unit: billion yen)

Free cash flow

(Unit: billion yen)

Capital expenditure

(Unit: billion yen)

Depreciation and amortization

(Unit: billion yen)

Investment indicators

Dividend per share - Annual

(Unit: yen)

EPS (Earnings per share)

(Unit: yen)

* On August 1, 2017, the Company conducted a reverse stock split (every two common shares were merged into one). In this graph, dividends and EPS that take the reverse stock split into consideration are stated.

DOE (Dividends on equity)

(Unit: %)

Profitability

  145rd term 146th term 147th term 148th term 149th term
2014/3
2015/3
2016/3
2017/3
2018/3
Tokyu EBITDA (million yen) 148,803 151,549 163,655 174,312 174,965
Tokyu EBITDA margin (%) 13.7 14.2 15.0 15.6 15.4
Tokyu EBITDA/total assets (%) 7.5 7.6 8.0 8.2 7.9
ROA (Return of assets) (%) 3.1 3.3 3.4 3.6 3.8
ROE (Return of equity) (%) 11.4 7.7 9.8 11.2 10.6

Tokyu EBITDA=Operating profit + Depreciation and amortization + Amortization of goodwill + Disposal cost of fixed assets +Interest and dividend income +Investment gains (loss) from equity method Until 2015/3, Tokyu EBITDA=Operating profit + Depreciation and amortization + Amortization of goodwill + Disposal cost of fixed assets

Tokyu EBITDA margin = Tokyu EBITDA ÷ Operating revenue

Tokyu EBITDA / Total assets = Tokyu EBITDA ÷ Total assets (average for term)

ROA = Recurring profit ÷ Total assets (average for term) X 100

Safety

  145th term 146th term 147th term 148th term 149th term
2014/3
2015/3
2016/3
2017/3
2018/3
Interest-bearing Debt / Tokyu EBITDA Multiple (times) - - 5.7 5.5 5.5
D/E ratio (times) 1.9 1.7 1.6 1.5 1.4
Equity ratio (%) 25.3 27.5 27.6 29.2 30.8

Interest-bearing Debt / Tokyu EBITDA Multiple = Interest-bearing debt (at end of term) / Tokyu EBITDA

D/E ratio = Interest-bearing debt (at end of term) ÷ Shareholders' equity (at end of term)

Balance-sheet indicators

  145th term 146th term 147th term 148th term 149th term
2014/3
2015/3
2016/3
2017/3
2018/3
Net assets (million yen) 537,711 579,596 623,297 678,382 747,049
Shareholders' equity (million yen) 511,789 551,332 576,873 628,308 696,526
Total assets (million yen) 2,021,794 2,002,532 2,092,546 2,148,605 2,264,636

Cash-flow indicators

  145th term 146th term 147th term 148th term 149th term
2014/3
2015/3
2016/3
2017/3
2018/3
Interest-bearing debt at end of term (million yen) 990,038 911,446 937,467 964,397 969,794
Free cash flow (million yen) 50,573 88,729 8,009 -5,954 7,179
Capital expenditure (million yen) 140,231 93,556 157,252 145,398 181,265
Depreciation and amortization (million yen) 72,762 70,041 72,391 76,986 74,901

Free cash flow = Cash flows from operating activities + Cash flows from investing activities

Investment indicators

  145th term 146th term 147th term 148th term 149th term
2014/3
2015/3
2016/3
2017/3
2018/3
Dividend per share (yen)
[Annual]
15.00 16.00 17.00 18.00 19.00
Dividend per share (yen)
[Interim]
7.00 8.00 8.00 9.00 9.00
EPS (Earnings per share) (yen) 89.93 65.76 89.61 110.02 115.42
DOE (Dividends on equity) (%) 1.9 1.9 1.9 1.8 1.7
* On August 1, 2017, the Company conducted a reverse stock split (every two common shares were merged into one). In this table, dividends and EPS that take the reverse stock split into consideration are stated.

EPS = Net income ÷ Number of shares issued (average for term)

DOE=Total dividends / Shareholders' equity (average for term)