Review of Operations
REVIEW OF OPERATIONS To promote segment management, on April 1, 2019, we established intermediate holding companies in the station building and hotel businesses, and we implemented segment classification changes. Please note that in this section the reporting is based on the former segments. INTEGRATED REPORT 2019 KYUSHU RAILWAY COMPANY 18 REVIEW OF OPERATIONS TRANSPORTATION GROUP (former segments) FY2019/3 Results Operating Revenues EBITDA YoY YoY ¥185.0 billion 0.7% ¥34.4 billion 0.3% Operating revenues in the Transportation seg- Operating Revenues ment were ¥185.0 billion, an increase of ¥1.2 bil- (Billions of yen) lion, or 0.7%, compared with the previous fiscal year. Operating income came to ¥27.4 billion, down ¥1.7 billion, or 6.0%, compared with the previous fiscal year, and EBITDA edged up 0.3%, to ¥34.4 billion. Operating revenues increased due to higher railway transportation revenues. However, operat- ing income declined as a result of a rise in depre- ciation and other factors, while EBITDA FY ’ ’ ’ ’ ’ registered a small increase. Notes: Segment Overview Consolidated Subsidiaries (as of March 31, 2019) 1. Operating revenues, operating income (loss), and EBITDA are numerical EBITDA / Operating Income (Loss) values before eliminating intersegment transactions. Our Transportation segment consists Holding Company for Houhi Main Line (Billions of yen) 2. Transportation Group EBITDA for FY2016/3 and previous fiscal years mainly of our operation of a network of JR Kyushu Bus Company comprises operating income + cost of depreciation + earnings from use of railway lines constituting key commuter JR Kyushu Jet Ferry Inc. the Management Stabilization Fund, while EBITDA for FY2017/3 lines for the Kyushu regional area cov- comprises operating income + cost of depreciation.
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