Worth reading
58In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
198081
¥ million (operating profit for the fiscal year ending March 2026)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales1,845,840¥ millionYear on year +8.1%Progress 100.9%
Operating profit198,081¥ millionYear on year +9.9%Progress 120.0%
Ordinary income183,682¥ millionYear on year +10.9%Progress 126.7%
Net income attributable to owners of the parent127,499¥ millionYear on year +11.9%Progress 127.5%
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¥277.73
Operating Margin10.7%
Financial position at period-end
Total assets3,986,721¥ million
of which net assets 1,337,206 ¥ millionEquity ratio 30.3%vs. prior year-end -0.5pt
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 inflows and outflows
Operating+361,634
Investment-253,690
Financials+75
Net change+108,019
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.
Cash and cash equivalents at end of period¥234,860 million
Segment revenueMobility business ¥1,105,693 million (YoY +5.6%), Distribution Business ¥232,641 million (YoY +11.7%), Real Estate Business ¥285,762 million (YoY +22.8%), Travel and regional solutions business ¥189,203 million (YoY +0.2%)
Segment profitMobility business ¥130,920 million (YoY +6.9%), Distribution Business ¥16,264 million (YoY +17.6%), Real Estate Business ¥46,332 million (YoY +19.1%), Travel and regional solutions business ¥529 million (YoY -53.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,829,000 million (YoY -0.9%)
Operating profit¥165,000 million (YoY -16.7%)
Ordinary income¥145,000 million (YoY -21.1%)
Net income¥100,000 million (YoY -21.6%)
Annual Dividend Forecast¥84.5 per share → ¥97.5 per share（+15.4%）
Payout ratio35.1% for the fiscal year ended March 2026; 44.4% forecast for the fiscal year ending March 2027
Shareholder Return PolicyA payout ratio of at least 35% and a dividend on equity (DOE) of approximately 3.5% as benchmarks
Factors Behind Changes in Business Performance
Revenue and earnings increased due to strong use associated with Expo 2025 Osaka-Kansai, inbound use, Expo-related businesses, station retail outlets and Via Inn, among other factors. Real Estate benefited from the opening of town development projects and other factors, while Travel and Regional Solutions saw strong performance in its solutions business but reported lower earnings due to higher costs and other factors.
Disclosure regarding the going concern assumption
Not applicable.
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 Number of companies 2 / Company name 株式会社JR西日本ヴィアイン, 株式会社TRAILBLAZER / Excluded Number of companies 4 / Company name 株式会社ホテルグランヴィア広島, 株式会社ホテルグランヴィア大阪, 株式会社ホテルグランヴィア岡山, 株式会社奈良ホテル
Impairment loss¥15,112 million. No specific details were provided regarding the assets concerned. By segment: Mobility, ¥772 million; Retail, ¥625 million; Real Estate, ¥13,671 million; Travel and Regional Solutions, ¥43 million.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥6,392 million / Contributions received for construction, etc. ¥10,064 million / Compensation for expropriation ¥2,198 million / Gain on sale of investment securities ¥5,386 million / Other ¥5,850 million / Total ¥29,892 million / Extraordinary loss Reduction in acquisition cost from construction contributions, etc. ¥7,090 million / Loss on reduction entry for expropriation and other items ¥2,078 million / Impairment loss ¥15,112 million / Other ¥10,352 million / Total ¥34,633 million
Depreciation and amortization¥177,847 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for analysts, scheduled for 1 May 2026)
Issued Shares at Period-End455,561,300
Treasury Shares at Period-End477,486
| 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 | ¥1,845,840 million (YoY +8.1%) |
| Operating profit | ¥198,081 million (YoY +9.9%) |
| Ordinary income | ¥183,682 million (YoY +10.9%) |
| Profit attributable to owners of the parent | ¥127,499 million (YoY +11.9%) |
| Net income per share | ¥277.73 |
| Operating Margin | 10.7% |
| Equity ratio | End of the current fiscal period 30.3% / End of previous period 30.8% |
| Total assets | ¥3,986,721 million |
| Net assets | ¥1,337,206 million |
| Cash flows from operating activities | ¥361,634 million |
| Cash flows from investing activities | ¥-253,690 million |
| Cash flows from financing activities | ¥75 million |
| Cash and cash equivalents at end of period | ¥234,860 million |
| Full-year earnings forecast | Net Sales ¥1,829,000 million (YoY -0.9%) / Operating profit ¥165,000 million (YoY -16.7%) / Ordinary income ¥145,000 million (YoY -21.1%) / Net income ¥100,000 million (YoY -21.6%) |
| Annual Dividend Forecast | ¥84.5 per share → ¥97.5 per share（+15.4%） |
| Payout ratio | 35.1% for the fiscal year ended March 2026; 44.4% forecast for the fiscal year ending March 2027 |
| Shareholder Return Policy | A payout ratio of at least 35% and a dividend on equity (DOE) of approximately 3.5% as benchmarks |
| Segment revenue | Mobility business ¥1,105,693 million (YoY +5.6%), Distribution Business ¥232,641 million (YoY +11.7%), Real Estate Business ¥285,762 million (YoY +22.8%), Travel and regional solutions business ¥189,203 million (YoY +0.2%) |
| Segment profit | Mobility business ¥130,920 million (YoY +6.9%), Distribution Business ¥16,264 million (YoY +17.6%), Real Estate Business ¥46,332 million (YoY +19.1%), Travel and regional solutions business ¥529 million (YoY -53.3%) |
| Depreciation and amortization | ¥177,847 million |
| Impairment loss | ¥15,112 million. No specific details were provided regarding the assets concerned. By segment: Mobility, ¥772 million; Retail, ¥625 million; Real Estate, ¥13,671 million; Travel and Regional Solutions, ¥43 million. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥6,392 million / Contributions received for construction, etc. ¥10,064 million / Compensation for expropriation ¥2,198 million / Gain on sale of investment securities ¥5,386 million / Other ¥5,850 million / Total ¥29,892 million / Extraordinary loss Reduction in acquisition cost from construction contributions, etc. ¥7,090 million / Loss on reduction entry for expropriation and other items ¥2,078 million / Impairment loss ¥15,112 million / Other ¥10,352 million / Total ¥34,633 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 Number of companies 2 / Company name 株式会社JR西日本ヴィアイン, 株式会社TRAILBLAZER / Excluded Number of companies 4 / Company name 株式会社ホテルグランヴィア広島, 株式会社ホテルグランヴィア大阪, 株式会社ホテルグランヴィア岡山, 株式会社奈良ホテル |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for analysts, scheduled for 1 May 2026) |
| Issued Shares at Period-End | 455,561,300 |
| Treasury Shares at Period-End | 477,486 |
| Factors Behind Changes in Business Performance | Revenue and earnings increased due to strong use associated with Expo 2025 Osaka-Kansai, inbound use, Expo-related businesses, station retail outlets and Via Inn, among other factors. Real Estate benefited from the opening of town development projects and other factors, while Travel and Regional Solutions saw strong performance in its solutions business but reported lower earnings due to higher costs and other factors. |
Items this document does not state (4)
Revision to Earnings ForecastRegional 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.Factors contributing to higher revenue and earnings included use associated with Expo 2025 Osaka-Kansai, inbound demand, strong performance in Expo-related businesses, station retail outlets and Via Inn. Travel and regional solutions reported lower earnings due to higher costs and other factors.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.