Worth reading
43Recurring
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
45.5
Operating income decline (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales2,863¥ millionYear on year +1.2%Progress 50.2%
Operating profit161¥ millionYear on year -45.5%Progress 61.9%
Ordinary income133¥ millionYear on year -51.5%Progress 70.0%
Net income attributable to owners of the parent182¥ millionYear on year -22.7%Progress 79.1%
The 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.
Net income per share¥122.72
Financial position at period-end
Total assets16,532¥ million
of which net assets 5,687 ¥ millionEquity ratio 34.4%vs. prior year-end +3.2pt
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.
Cash and cash equivalents at end of period785,310 thousand yen
Segment revenue
Railway Business1,881.7562.1%+2.5%
Real Estate Business176.555.8%+3.9%
Tourism Business345.0611.4%+2.1%
Wholesale and retail332.0011.0%-0.1%
Other292.709.7%-9.4%
Segment profit
Railway Business5,392-95.7%
Real Estate Business98,945+2.9%
Tourism Business77,886-9.1%
Wholesale and retail7,790-0.5%
Other-33,713
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥5,700 million (YoY +1.1%)
Operating profit¥260 million (YoY -51.8%)
Ordinary income¥190 million (YoY -60.8%)
Net income¥230 million (YoY -40.0%)
Annual Dividend Forecast0 yen → 0 yen（0.0%）
Factors Behind Changes in Business Performance
Passenger numbers and passenger revenue increased on the back of tourism demand, more visitors to the Chichibu and Nagatoro areas, and various sales initiatives. However, inflation, higher electricity charges and unit electricity prices, and increased equipment-related expenses such as repair costs weighed on profit.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Impairment loss0 thousand yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of property, plant and equipment 2,060 thousand yen, Gain on sale of investment securities 45,345 thousand yen / Extraordinary loss Costs for disposal and removal of fixed assets 23,771 thousand yen
Depreciation and amortization5,679 thousand yen
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End1,500,000 shares
Treasury Shares at Period-End11,403 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥2,863 million (YoY +1.2%) |
| Operating profit | ¥161 million (YoY -45.5%) |
| Ordinary income | ¥133 million (YoY -51.5%) |
| Profit attributable to owners of the parent | ¥182 million (YoY -22.7%) |
| Net income per share | ¥122.72 |
| Equity ratio | End of the current fiscal period 34.4 / End of previous period 31.2 |
| Total assets | ¥16,532 million |
| Net assets | ¥5,687 million |
| Cash and cash equivalents at end of period | 785,310 thousand yen |
| Full-year earnings forecast | Net Sales ¥5,700 million (YoY +1.1%) / Operating profit ¥260 million (YoY -51.8%) / Ordinary income ¥190 million (YoY -60.8%) / Net income ¥230 million (YoY -40.0%) |
| Annual Dividend Forecast | 0 yen → 0 yen（0.0%） |
| Segment revenue | Railway Business ¥1,881.75 million (YoY +2.5%) / Real Estate Business ¥176.55 million (YoY +3.9%) / Tourism Business ¥345.06 million (YoY +2.1%) / Wholesale and retail ¥332.00 million (YoY -0.1%) / Other ¥292.70 million (YoY -9.4%) |
| Segment profit | Railway Business 5,392 thousand yen (YoY -95.7%) / Real Estate Business 98,945 thousand yen (YoY +2.9%) / Tourism Business 77,886 thousand yen (YoY -9.1%) / Wholesale and retail 7,790 thousand yen (YoY -0.5%) / Other -33,713 thousand yen |
| Depreciation and amortization | 5,679 thousand yen |
| Impairment loss | 0 thousand yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of property, plant and equipment 2,060 thousand yen, Gain on sale of investment securities 45,345 thousand yen / Extraordinary loss Costs for disposal and removal of fixed assets 23,771 thousand yen |
| 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 No / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 1,500,000 shares |
| Treasury Shares at Period-End | 11,403 shares |
| Factors Behind Changes in Business Performance | Passenger numbers and passenger revenue increased on the back of tourism demand, more visitors to the Chichibu and Nagatoro areas, and various sales initiatives. However, inflation, higher electricity charges and unit electricity prices, and increased equipment-related expenses such as repair costs weighed on profit. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events
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.Although tourism demand remained firm, operating expenses increased because of inflation and soaring electricity charges, as well as higher equipment-related expenses, including deferred repair costs, and higher electricity unit prices.
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.