Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The transportation business reported higher revenue due mainly to an increase in passengers carried, but profit declined because of higher repair expenses, personnel expenses and other costs. The real estate business reported higher revenue due mainly to increased rental income, but profit declined because of the reaction to the sale of a large property in the previous fiscal year and other factors. The lifestyle services businesses performed steadily, while the hotel and resort business reported higher revenue and profit by capturing inbound demand. Ordinary income increased due in part to the recognition of an amount equivalent to negative goodwill associated with the additional acquisition of investment units.
No applicable matters.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥1,086,179 million (YoY +3.0%) |
| Operating profit | ¥103,193 million (YoY -0.3%) |
| Ordinary income | ¥116,132 million (YoY +7.8%) |
| Profit attributable to owners of the parent | ¥87,071 million (YoY +9.3%) |
| Net income per share | ¥152.25 |
| Operating Margin | 9.5 |
| Equity ratio | End of the current fiscal period 31.2 / End of previous period 30.7 |
| Total assets | ¥2,920,289 million |
| Net assets | ¥957,767 million |
| Cash flows from operating activities | ¥127,747 million |
| Cash flows from investing activities | ¥-174,984 million |
| Cash flows from financing activities | ¥68,386 million |
| Cash and cash equivalents at end of period | ¥79,626 million |
| Full-year earnings forecast | Operating revenue ¥1,140,000 million (YoY +5.0%) / Operating profit ¥110,000 million (YoY +6.6%) / Ordinary income ¥111,400 million (YoY -4.1%) / Profit attributable to owners of the parent ¥90,000 million (YoY +3.4%) |
| Annual Dividend Forecast | ¥30 → ¥32 |
| Payout ratio | 20.2 |
| Segment revenue | Transportation Business ¥226,946 million (YoY +2.9%), Real Estate Business ¥262,995 million (YoY +3.6%), Lifestyle Services ¥533,271 million (YoY +1.1%), Hotels and Resorts ¥139,346 million (YoY +9.8%) |
| Segment profit | Transportation Business ¥27,341 million (YoY -5.7%), Real Estate Business ¥43,595 million (YoY -9.9%), Lifestyle Services ¥21,868 million (YoY +13.0%), Hotels and Resorts ¥9,710 million (YoY +46.0%) |
| Depreciation and amortization | ¥88,548 million |
| Impairment loss | ¥6,140 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥362 million, Contributions received for construction, etc. ¥3,317 million, Subsidy Income ¥667 million, Gain on sale of floor-area-ratio utilization rights ¥935 million, Other ¥739 million / Extraordinary loss Reduction in acquisition cost from construction contributions, etc. ¥2,767 million, Loss on Disposal of Fixed Assets ¥2,016 million, Impairment Losses ¥6,140 million, Other ¥2,068 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | At a meeting of the Board of Directors held on 12 May 2026, the Company resolved to acquire treasury shares to improve capital efficiency and enhance per-share value by reducing the number of shares outstanding. The acquisition is limited to 13 million common shares and an aggregate acquisition price of ¥20 billion, with the acquisition period running from 13 May 2026 to 31 March 2027. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and securities analysts) |
| Issued Shares at Period-End | 624,869,876 Shares |
| Treasury Shares at Period-End | 54,920,992 Shares |
| Factors Behind Changes in Business Performance | The transportation business reported higher revenue due mainly to an increase in passengers carried, but profit declined because of higher repair expenses, personnel expenses and other costs. The real estate business reported higher revenue due mainly to increased rental income, but profit declined because of the reaction to the sale of a large property in the previous fiscal year and other factors. The lifestyle services businesses performed steadily, while the hotel and resort business reported higher revenue and profit by capturing inbound demand. Ordinary income increased due in part to the recognition of an amount equivalent to negative goodwill associated with the additional acquisition of investment units. |
Items this document does not state (4)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Operating revenue increased because the transportation business and hotel and resort business remained stable, while the lifestyle services business also performed steadily. Operating income declined because of the reaction to the sale of a large property in the real estate sales business in the previous fiscal year. Ordinary income increased due in part to the recognition of an amount equivalent to negative goodwill associated with the additional acquisition of investment units in Tokyu Real Estate Investment Trust, Inc.