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Consolidated Earnings Forecasts

Outlook for the fiscal year ending March 31, 2023



The consolidated earnings forecasts for the fiscal year ending March 31, 2023, which is the second year of the Seibu Group's Medium-term Management Plan, are calculated on the assumption that the domestic economy will recover in stages as COVID-19 is contained. In addition, they reflect the effect through progress in " management reforms," such as the effect of the transfer of Seibu Corporation Co., Ltd. shares and the Group' s reorganization.
As a result of calculations based on the above assumptions, we expect operating revenue to increase 11.6% year on year relative to the fiscal year ended March 31, 2022, to ¥443.0 billion due to the steady capture of recovering demand through initiatives such as utilizing cooperation both inside and outside the Group to create service transformation to suit the new normal, despite the decline in revenue due to the deconsolidation of Seibu Construction Co., Ltd. We forecast operating profit of ¥31.0 billion, compared to an operating loss of ¥13.2 billion in the previous fiscal year, as we strive to reduce fixed expenses through a cost review and other measures. We expect EBITDA to be ¥88.0 billion ( up 107.5% year on year).
Forecasts for operating revenue, operating profit, and EBITDA by segment are as follows. Because the Company will change the reportable segments starting from the fiscal year ending March 31, 2023, the information is presented based on the revised reportable segments. For details on the changes in the reportable segments, please refer to " Review of financial results for fiscal year ended March 31, 2022 and Progress of the FY2021-FY2023 Seibu Group's Medium-term Management Plan"  announced on May 12th, 2022.

Operating revenue for each segment

billions of yen
      
  March 31,
2023
(forecast)
Y o Y
change
September
30, 2022
(forecast)
Y o Y
change
Urban Transportation
and Regional
158.6 20.8% 79.1 24.0%
Hotel and Leisure 200.8 50.8% 92.3 55.3%
Real Estate 73.0 (4.7%) 36.5 (9.6%)
Construction (100.0%) (100.0%)
Other 38.1 16.3% 23.1 22.1%
Adjustments (27.5) (17.0)
Consolidated 443.0 11.6% 214.0 9.8%

Operating profit for each segment

billions of yen
           
  March 31,
2023
(forecast)
Y o Y
change
September
30, 2022
(forecast)
Y o Y
change
Urban Transportation
and Regional
13.8 8.5
Hotel and Leisure 8.2 (0.9)
Real Estate 9.2 (55.3%) 6.2 (51.7%)
Construction (100.0%) (100.0%)
Other (0.9) 1.1
Adjustments 0.7 750.3% 0.1 (47.4%)
Consolidated 31.0 15.0

EBITDA for each segment

billions of yen
          
  March 31,
2023
(forecast)
Y o Y
change
September
30, 2022
(forecast)
Y o Y
change
Urban Transportation
and Regional
36.1 115.5% 19.1 122.2%
Hotel and Leisure 26.1 8.0
Real Estate 21.1 (35.2%) 12.1 (35.9%)
Construction (100.0%) (100.0%)
Other 3.1 269.9% 3.0 86.8%
Adjustments 1.6 0.8 672.9%
Consolidated 88.0 107.5% 43.0 82.3%