Supplementary Explanatory Materials for the Fiscal 2025 Financial Results | Keio Corporation (9008) timely disclosure

Worth reading

63In focus

0–100. This measures how worthwhile something is to read, not how good or bad the company is.

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

440

¥100 million (year-on-year increase in operating revenue)

Wording

Conditional

How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFY2025 (fiscal year ending March 2026)11 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales4,969 Hundreds of millions of yen+9.7%

Operating profit523 Hundreds of millions of yen-3.4%

Ordinary income511 Hundreds of millions of yen-3.9%

Net income¥429 100 million +0.2%net income attributable to owners of the parent

Full-year earnings forecast

Fiscal Period CoveredFiscal 2026

Operating revenue

5,040 Hundreds of millions of yen

Operating profit

510 Hundreds of millions of yen

Ordinary income

478 Hundreds of millions of yen

Net income

¥430 100 million net income attributable to owners of the parent

EBITDA

907 Hundreds of millions of yen

Depreciation and amortization

395 Hundreds of millions of yen

Capital Expenditures

1,104 Hundreds of millions of yen

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Gain on sale of investment securities99 Hundreds of millions of yen
Contributions received for construction, etc.28 Hundreds of millions of yen
Loss on reduction of fixed assets29 Hundreds of millions of yen
Loss on Disposal of Fixed Assets6 Hundreds of millions of yen
Increase in Merchandise and Finished Goods253 Hundreds of millions of yen
Increase in work in process122 Hundreds of millions of yen
Increase in notes and accounts receivable—trade and contract assets113 Hundreds of millions of yen

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

The impact on business performance from factors such as surging crude oil prices has not been incorporated into the current plan. Numerical assumptions: Not disclosed.

Key KPIsA metric the company considers important as a management benchmark.

Railway passenger numbers605,755 thousand customers
Year-on-year (%)2.1
Passenger transportation revenue¥83,248 million
Year-on-year (%)2.1
Keio Plaza Hotel (Shinjuku) occupancy rate67.5 %
Year-on-year change (percentage points)-5.6
Keio Presso Inn occupancy rate87.1 %
Year-on-year change (percentage points)2.8
Keio Plaza Hotel (Shinjuku) percentage of foreign guests88.2 %

Unit price and quantity metricsThese figures show sales broken down by price and volume.

Railway passenger numbers605,755 thousand customers
Year-on-year (%)2.1
Railway passenger revenue¥83,248 million
Year-on-year (%)2.1
Keio Plaza Hotel (Shinjuku) average room rate¥39,206
Keio Plaza Hotel (Shinjuku) RevPAR¥26,464
Keio Presso Inn average room rate¥14,658
Keio Presso Inn RevPAR¥12,762

Segment results

Transportation

Sales

1,332 Hundreds of millions of yen

Revenue, year-on-year change (%)2.4

Operating profit

132 Hundreds of millions of yen

Operating profit_yoy_pct-15.5

Real Estate Business

Sales

1,207 Hundreds of millions of yen

Revenue, year-on-year change (%)31.9

Operating profit

171 Hundreds of millions of yen

Operating profit_yoy_pct-2.6

Hotel business

Sales

600 Hundreds of millions of yen

Revenue, year-on-year change (%)6.3

Operating profit

101 Hundreds of millions of yen

Operating profit_yoy_pct-7

Construction and Facilities Business

Sales

876 Hundreds of millions of yen

Revenue, year-on-year change (%)13.1

Operating profit

74 Hundreds of millions of yen

Operating profit_yoy_pct32.3

Lifestyle services

Sales

1,460 Hundreds of millions of yen

Revenue, year-on-year change (%)1.2

Operating profit

58 Hundreds of millions of yen

Operating profit_yoy_pct9.7

Medium-term management plan targets

Operating revenue

4,870 Hundreds of millions of yen

Operating profit

440 Hundreds of millions of yen

Ordinary income

421 Hundreds of millions of yen

Net income

300 Hundreds of millions of yen

ROE

6.8 %

ROA

3.6 %

Target fiscal yearFiscal 2026

Financial targets

Consolidated ROE

Actual results

10 %

Fiscal 2026 Plan

9.6 %

Medium-Term Plan

6.8 %

Equity ratio

Actual results

37 %

Debt-to-equity ratio

Actual results

1.1 times

Capital expenditures

655 Hundreds of millions of yen

Annual Dividend

FY2025

¥110 per share

Fiscal 2026

¥22 /share ¥110.0 on a pre-split basis

Acquisition of treasury shares

Amount

100 Hundreds of millions of yen

Three months of the current quarter

FY2025 Q4 (January–March)

Operating revenue

1,367 Hundreds of millions of yen

Operating profit

42 Hundreds of millions of yen

Operating revenue by segment

Transportation322

Real Estate Business404

Hotel business144

Construction and Facilities Business349

Lifestyle services382

Consolidated adjustments-236

Operating profit by segment

Transportation-34

Real Estate Business31

Hotel business0

Construction and Facilities Business43

Lifestyle services12

Consolidated adjustments-10

Contents of this document
Item	Details
Document type	Supplementary materials to the earnings report
Fiscal Period Covered	FY2025 (fiscal year ending March 2026)
Net Sales	4,969 Hundreds of millions of yen (YoY +9.7%)
Operating profit	523 Hundreds of millions of yen (YoY -3.4%)
Ordinary income	511 Hundreds of millions of yen (YoY -3.9%)
Net income	¥429 100 million (net income attributable to owners of the parent) (YoY +0.2%)
Three months of the current quarter	Subject FY2025 Q4 (January–March) / Operating revenue 1,367 Hundreds of millions of yen / Operating profit 42 Hundreds of millions of yen / Operating revenue by segment Transportation 322 / Real Estate Business 404 / Hotel business 144 / Construction and Facilities Business 349 / Lifestyle services 382 / Consolidated adjustments -236 / Operating profit by segment Transportation -34 / Real Estate Business 31 / Hotel business 0 / Construction and Facilities Business 43 / Lifestyle services 12 / Consolidated adjustments -10
Full-year earnings forecast	Fiscal Period Covered Fiscal 2026 / Operating revenue 5,040 Hundreds of millions of yen / Operating profit 510 Hundreds of millions of yen / Ordinary income 478 Hundreds of millions of yen / Net income ¥430 100 million (net income attributable to owners of the parent) / EBITDA 907 Hundreds of millions of yen / Depreciation and amortization 395 Hundreds of millions of yen / Capital Expenditures 1,104 Hundreds of millions of yen
Segment results	Transportation Sales 1,332 Hundreds of millions of yen / Revenue, year-on-year change (%) 2.4 / Operating profit 132 Hundreds of millions of yen / Operating profit_yoy_pct -15.5 / Real Estate Business Sales 1,207 Hundreds of millions of yen / Revenue, year-on-year change (%) 31.9 / Operating profit 171 Hundreds of millions of yen / Operating profit_yoy_pct -2.6 / Hotel business Sales 600 Hundreds of millions of yen / Revenue, year-on-year change (%) 6.3 / Operating profit 101 Hundreds of millions of yen / Operating profit_yoy_pct -7 / Construction and Facilities Business Sales 876 Hundreds of millions of yen / Revenue, year-on-year change (%) 13.1 / Operating profit 74 Hundreds of millions of yen / Operating profit_yoy_pct 32.3 / Lifestyle services Sales 1,460 Hundreds of millions of yen / Revenue, year-on-year change (%) 1.2 / Operating profit 58 Hundreds of millions of yen / Operating profit_yoy_pct 9.7
Breakdown of Factors Affecting the Change	Factors Gain on sale of investment securities / Amount 99 Hundreds of millions of yen, Factors Contributions received for construction, etc. / Amount 28 Hundreds of millions of yen, Factors Loss on reduction of fixed assets / Amount 29 Hundreds of millions of yen, Factors Loss on Disposal of Fixed Assets / Amount 6 Hundreds of millions of yen, Factors Increase in Merchandise and Finished Goods / Amount 253 Hundreds of millions of yen, Factors Increase in work in process / Amount 122 Hundreds of millions of yen, Factors Increase in notes and accounts receivable—trade and contract assets / Amount 113 Hundreds of millions of yen
Key KPIs	Indicator name Railway passenger numbers / Value 605,755 thousand customers / Year-on-year (%) 2.1 thousand customers, Indicator name Passenger transportation revenue / Value ¥83,248 million / Year-on-year (%) ¥2.1 million, Indicator name Keio Plaza Hotel (Shinjuku) occupancy rate / Value 67.5 % / Year-on-year change (percentage points) -5.6 %, Indicator name Keio Presso Inn occupancy rate / Value 87.1 % / Year-on-year change (percentage points) 2.8 %, Indicator name Keio Plaza Hotel (Shinjuku) percentage of foreign guests / Value 88.2 % / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	Indicator name Railway passenger numbers / Value 605,755 thousand customers / Year-on-year (%) 2.1 thousand customers, Indicator name Railway passenger revenue / Value ¥83,248 million / Year-on-year (%) ¥2.1 million, Indicator name Keio Plaza Hotel (Shinjuku) average room rate / Value ¥39,206 / Year on year against the same period last year Not disclosed, Indicator name Keio Plaza Hotel (Shinjuku) RevPAR / Value ¥26,464 / Year on year against the same period last year Not disclosed, Indicator name Keio Presso Inn average room rate / Value ¥14,658 / Year on year against the same period last year Not disclosed, Indicator name Keio Presso Inn RevPAR / Value ¥12,762 / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business Outlook	The impact on business performance from factors such as surging crude oil prices has not been incorporated into the current plan. Numerical assumptions: Not disclosed.
Medium-term management plan targets	Operating revenue 4,870 Hundreds of millions of yen / Operating profit 440 Hundreds of millions of yen / Ordinary income 421 Hundreds of millions of yen / Net income 300 Hundreds of millions of yen / ROE 6.8 % / ROA 3.6 % / Target fiscal year Fiscal 2026
Financial targets	Consolidated ROE Actual results 10 % / Fiscal 2026 Plan 9.6 % / Medium-Term Plan 6.8 % / Equity ratio Actual results 37 % / Debt-to-equity ratio Actual results 1.1 times
Annual Dividend	FY2025 ¥110 per share / Fiscal 2026 ¥22 /share (¥110.0 on a pre-split basis)
Acquisition of treasury shares	Amount 100 Hundreds of millions of yen / Period Not disclosed / Number of Shares Not disclosed
Capital expenditures	655 Hundreds of millions of yen

Items this document does not state (13)

Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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.

In FY2025, revenue increased due to higher sales in the real estate sales business, an increase in completed construction revenue in the construction and civil engineering business, and higher-priced hotel sales, while operating profit declined due to increased investment, including railway safety investment, higher depreciation associated with new rolling stock, and increased personnel expenses. In FY2026, the Company expects revenue to increase due to higher property sales in the real estate sales business and an increase in railway passengers, while anticipating higher asset retirement obligations associated with the Shinjuku redevelopment and higher depreciation related to hotel renovations.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.

Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.

Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.