Worth reading
42Recurring
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
550
¥100 million (increase in full-year consolidated operating profit forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥10,129 100 million+3.1%
Operating profit¥4,471 100 million-1.5%
Ordinary income¥4,259 100 million+0.1%
Net income¥2,884 100 million -3.2%interim net income attributable to owners of the parent
Full-year earnings forecast
Consolidated
Operating revenue
¥20,490 100 million
Operating profit
¥7,570 100 million
Ordinary income
¥7,150 100 million
Profit attributable to owners of the parent
¥4,870 100 million
Standalone
Operating revenue
¥16,730 100 million
Transportation revenue
¥15,940 100 million
Operating profit
¥7,060 100 million
Ordinary income
¥6,590 100 million
Net income for the current fiscal year
¥4,550 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Higher transport revenue¥95 100 million
- Higher sales at station stores and department stores¥59 100 million
- Higher rental income from commercial facilities at stations¥20 100 million
- Higher sales in the railway rolling stock and other manufacturing business¥131 100 million
- Increase in operating expenses¥376 100 million
- Higher interest income from investments¥71 100 million
- Recognition of impairment loss on shares in affiliates¥-41 100 million
- Increase due to the introduction of the special defense corporate tax¥54 100 million
New initiatives
- Expansion of the periods during which 13 Nozomi services per hour can be operated, with a future increase to 14 services
- Fare revision raising Nozomi fares to the approved maximum
- Green Car fare revision
- Introduction of Supreme Class
- Demand creation through additional and newly launched large-scale events along the rail lines
- New share buyback of up to ¥10 billion
Key KPIsA metric the company considers important as a management benchmark.
- Tokaido Shinkansen passenger traffic at the Tokyo terminal cross-section101 % vs. FY2025Year on year against the same period last year+1.0%
- First-half transportation revenue¥7,945 100 millionYear-on-year (%)1.2
- First-half inbound revenue (estimated)¥830 100 millionYear-on-year (%)6
- Usage by EX corporate members (major 200 companies)Upward trend
Segment results
Transportation
Sales
¥8,282 100 million
Year-on-year revenue comparison (%)1.2
Operating profit
¥4,174 100 million
Operating profit year-on-year_pct-2.5
Retail
Sales
¥950 100 million
Year-on-year revenue comparison (%)7.3
Operating profit
¥83 100 million
Operating profit year-on-year_pct16.7
Real estate
Sales
¥464 100 million
Year-on-year revenue comparison (%)-0.8
Operating profit
¥137 100 million
Operating profit year-on-year_pct0.6
Other
Sales
¥1,326 100 million
Year-on-year revenue comparison (%)8.7
Operating profit
¥86 100 million
Operating profit year-on-year_pct38.1
Annual Dividend
Annual dividend per share¥34
Interim Dividend¥17
Year-end dividend¥17
Acquisition of treasury shares
Repurchase authorization amount¥100 100 million
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥10,129 100 million (YoY +3.1%) |
| Operating profit | ¥4,471 100 million (YoY -1.5%) |
| Ordinary income | ¥4,259 100 million (YoY +0.1%) |
| Net income | ¥2,884 100 million (interim net income attributable to owners of the parent) (YoY -3.2%) |
| Full-year earnings forecast | Consolidated Operating revenue ¥20,490 100 million / Operating profit ¥7,570 100 million / Ordinary income ¥7,150 100 million / Profit attributable to owners of the parent ¥4,870 100 million / Standalone Operating revenue ¥16,730 100 million / Transportation revenue ¥15,940 100 million / Operating profit ¥7,060 100 million / Ordinary income ¥6,590 100 million / Net income for the current fiscal year ¥4,550 100 million |
| Segment results | Transportation Sales ¥8,282 100 million / Year-on-year revenue comparison (%) 1.2 / Operating profit ¥4,174 100 million / Operating profit year-on-year_pct -2.5 / Retail Sales ¥950 100 million / Year-on-year revenue comparison (%) 7.3 / Operating profit ¥83 100 million / Operating profit year-on-year_pct 16.7 / Real estate Sales ¥464 100 million / Year-on-year revenue comparison (%) -0.8 / Operating profit ¥137 100 million / Operating profit year-on-year_pct 0.6 / Other Sales ¥1,326 100 million / Year-on-year revenue comparison (%) 8.7 / Operating profit ¥86 100 million / Operating profit year-on-year_pct 38.1 |
| Breakdown of Factors Affecting the Change | Factors Higher transport revenue / Amount ¥95 100 million, Factors Higher sales at station stores and department stores / Amount ¥59 100 million, Factors Higher rental income from commercial facilities at stations / Amount ¥20 100 million, Factors Higher sales in the railway rolling stock and other manufacturing business / Amount ¥131 100 million, Factors Increase in operating expenses / Amount ¥376 100 million, Factors Higher interest income from investments / Amount ¥71 100 million, Factors Recognition of impairment loss on shares in affiliates / Amount ¥-41 100 million, Factors Increase due to the introduction of the special defense corporate tax / Amount ¥54 100 million |
| Key KPIs | Indicator name Tokaido Shinkansen passenger traffic at the Tokyo terminal cross-section / Value 101 % vs. FY2025 / Year on year against the same period last year 1 % vs. FY2025, Indicator name First-half transportation revenue / Value ¥7,945 100 million / Year-on-year (%) ¥1.2 100 million, Indicator name First-half inbound revenue (estimated) / Value ¥830 100 million / Year-on-year (%) ¥6 100 million, Indicator name Usage by EX corporate members (major 200 companies) / Value Upward trend / Year on year against the same period last year Not disclosed |
| Annual Dividend | Annual dividend per share ¥34 / Interim Dividend ¥17 / Year-end dividend ¥17 |
| Acquisition of treasury shares | Repurchase authorization amount ¥100 100 million / Number of Shares Not disclosed / Period Not disclosed |
| New initiatives | Expansion of the periods during which 13 Nozomi services per hour can be operated, with a future increase to 14 services, Fare revision raising Nozomi fares to the approved maximum, Green Car fare revision, Introduction of Supreme Class, Demand creation through additional and newly launched large-scale events along the rail lines, New share buyback of up to ¥10 billion |
Items this document does not state (18)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.Use of the Tokaido Shinkansen remained firm, and first-half transport revenue for fiscal 2026 exceeded expectations. Although revenue increased in the interim period, operating expenses rose due to higher labor costs and other factors, resulting in declines in operating profit and interim net income attributable to owners of the parent.
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.