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 yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Passenger transportation revenue remained strong, expenses and personnel costs increased, and a gain on revision of the retirement benefit plan was recognized. By segment, increased rental income from acquired and newly opened properties, as well as higher sales of advertising media in stations and on railway cars, also contributed.
Not applicable.
| 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 | 422,414 million yen (YoY +3.6%) |
| Operating profit | 89,588 million yen (YoY +3.0%) |
| Ordinary income | 79,234 million yen (YoY +2.9%) |
| Profit attributable to owners of the parent | 59,015 million yen (YoY +9.8%) |
| Net income per share | ¥101.63 |
| Operating Margin | 21.2% |
| Equity ratio | End of the current fiscal period 35.9% / End of previous period 35.3% |
| Total assets | 2,047,168 million yen |
| Net assets | 734,751 million yen |
| Cash flows from operating activities | 133,764 million yen |
| Cash flows from investing activities | -87,400 million yen |
| Cash flows from financing activities | -51,846 million yen |
| Cash and cash equivalents at end of period | 68,280 million yen |
| Full-year earnings forecast | Net Sales 437,200 million yen (YoY +3.5%) / Operating profit 81,400 million yen (YoY -9.1%) / Ordinary income 69,000 million yen (YoY -12.9%) / Net income 50,000 million yen (YoY -15.3%) |
| Annual Dividend Forecast | 40 yen → 44 yen（+10.0%） |
| Payout ratio | 41.3% (actual for the fiscal year ending March 2026), 51.1% (forecast for the fiscal year ending March 2027) |
| Segment revenue | Transportation 386,618 million yen (YoY +3.8%), Real Estate Business 14,694 million yen (YoY +0.2%), Life and business services business 26,388 million yen (YoY +2.5%) |
| Segment profit | Transportation 76,189 million yen (YoY +2.7%), Real Estate Business 4,399 million yen (YoY +4.7%), Life and business services business 8,527 million yen (YoY +3.2%) |
| Depreciation and amortization | 73,921 million yen |
| Impairment loss | 5 million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 370 million yen, Subsidies 2,065 million yen, Valuation of donated railway facility assets 10,147 million yen, Contributions received for construction, etc. 1,185 million yen, Gain on revision of retirement benefit plans 6,408 million yen, Other 41 million yen / Extraordinary loss Loss on reduction of fixed assets 13,468 million yen, Impairment Losses 5 million yen, Impairment Loss on Investment Securities 184 million yen, Other 162 million yen |
| 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 | No changes from either additions or exclusions (0 companies; no company names disclosed) |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 581,000,000 Shares |
| Treasury Shares at Period-End | 403,107 Shares |
| Factors Behind Changes in Business Performance | Passenger transportation revenue remained strong, expenses and personnel costs increased, and a gain on revision of the retirement benefit plan was recognized. By segment, increased rental income from acquired and newly opened properties, as well as higher sales of advertising media in stations and on railway cars, also contributed. |
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.Passenger transportation revenue remained strong during the fiscal year, while expenses and personnel costs increased. Net income increased due to the recognition of a gain on revision of the retirement benefit plan. For the next fiscal year, revenue is expected to increase on higher commuting demand and robust socioeconomic activity along the railway lines, while operating expenses are also expected to increase. The impact of the situation in the Middle East is currently under review and has not been factored into the earnings forecast.