Worth reading
39Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
2153
Millions of yenWording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales10,103Millions of yenYear on year +27.1%Progress 24.7%
Operating profit210Millions of yenProgress 25.9%
Ordinary income376Millions of yenYear on year +115.2%Progress 43.2%
Net income attributable to owners of the parent483Millions of yenYear on year +292.2%Progress 48.3%
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¥15.91
Financial position at period-end
Total assets104,284Millions of yen
of which net assets 46,783 Millions of yenEquity ratio 43.7%vs. prior year-end +2.9pt
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.
Segment revenue
Transportation5,91757.7%
Distribution Business2872.8%
Real Estate Business1,45214.2%
Construction Business1,92618.8%
Leisure and Services Business6656.5%
Segment profit
Transportation-331
Distribution Business0
Real Estate Business475
Construction Business19
Leisure and Services Business45
Outlook and shareholder returns
Full-year earnings forecast
Net Sales40,880 Millions of yen (YoY +2.7%)
Operating profit810 Millions of yen (YoY -60.7%)
Ordinary income870 Millions of yen (YoY -60.8%)
Net income1,000 Millions of yen (YoY -13.7%)
Revision to Earnings ForecastNot disclosed
Annual Dividend Forecast¥8 → ¥8（0.0%）
Factors Behind Changes in Business Performance
Revenue increased due to higher passenger numbers following the opening of the Station-front Ohashi Route, fare revisions, increased rental income from real estate, the acquisition of new income-producing properties, progress on construction projects, and the consolidation of A&C Co., Ltd. as a subsidiary. The disclosure also cites the impact of higher personnel expenses, other expenses and depreciation, lower profit margins due to soaring material prices, and a decline in visitors to Miyajima due to heavy rain caused by a typhoon and the situation in the Middle East.
Disclosure regarding the going concern assumption
No applicable matters. The filing states, "There are 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Impairment loss0 Millions of yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 10 Millions of yen, Subsidy Income 11 Millions of yen / Extraordinary loss Loss on Disposal of Fixed Assets 0 Millions of yen, Impairment Losses 0 Millions of yen, Loss on sale of investment securities 0 Millions of yen, Business Withdrawal Losses 5 Millions of yen
Depreciation and amortization808 Millions of yen
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End30,445,500 Shares
Treasury Shares at Period-End56,476 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | 10,103 Millions of yen (YoY +27.1%) |
| Operating profit | 210 Millions of yen |
| Ordinary income | 376 Millions of yen (YoY +115.2%) |
| Profit attributable to owners of the parent | 483 Millions of yen (YoY +292.2%) |
| Net income per share | ¥15.91 |
| Equity ratio | End of the current fiscal period 43.7 / End of previous period 40.8 |
| Total assets | 104,284 Millions of yen |
| Net assets | 46,783 Millions of yen |
| Full-year earnings forecast | Net Sales 40,880 Millions of yen (YoY +2.7%) / Operating profit 810 Millions of yen (YoY -60.7%) / Ordinary income 870 Millions of yen (YoY -60.8%) / Net income 1,000 Millions of yen (YoY -13.7%) |
| Revision to Earnings Forecast | Not disclosed |
| Annual Dividend Forecast | ¥8 → ¥8（0.0%） |
| Segment revenue | Segment Transportation / Net Sales 5,917 Millions of yen / Year-on-year (%) 3.7, Segment Distribution Business / Net Sales 287 Millions of yen / Year-on-year (%) -1.7, Segment Real Estate Business / Net Sales 1,452 Millions of yen / Year-on-year (%) 58.8, Segment Construction Business / Net Sales 1,926 Millions of yen / Year-on-year (%) 41.7, Segment Leisure and Services Business / Net Sales 665 Millions of yen / Year-on-year (%) 200.7 |
| Segment profit | Segment Transportation / Segment profit -331 Millions of yen / Year on year against the same period last year Not disclosed, Segment Distribution Business / Segment profit 0 Millions of yen / Year on year against the same period last year Not disclosed, Segment Real Estate Business / Segment profit 475 Millions of yen / Year-on-year (%) 94.6, Segment Construction Business / Segment profit 19 Millions of yen / Year-on-year (%) -64.7, Segment Leisure and Services Business / Segment profit 45 Millions of yen / Year on year against the same period last year Not disclosed |
| Depreciation and amortization | 808 Millions of yen |
| Impairment loss | 0 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 10 Millions of yen, Subsidy Income 11 Millions of yen / Extraordinary loss Loss on Disposal of Fixed Assets 0 Millions of yen, Impairment Losses 0 Millions of yen, Loss on sale of investment securities 0 Millions of yen, Business Withdrawal Losses 5 Millions of yen |
| Disclosure regarding the going concern assumption | No applicable matters. The filing states, "There are 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 30,445,500 Shares |
| Treasury Shares at Period-End | 56,476 Shares |
| Factors Behind Changes in Business Performance | Revenue increased due to higher passenger numbers following the opening of the Station-front Ohashi Route, fare revisions, increased rental income from real estate, the acquisition of new income-producing properties, progress on construction projects, and the consolidation of A&C Co., Ltd. as a subsidiary. The disclosure also cites the impact of higher personnel expenses, other expenses and depreciation, lower profit margins due to soaring material prices, and a decline in visitors to Miyajima due to heavy rain caused by a typhoon and the situation in the Middle East. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout 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.Revenue increased due to higher passenger numbers following the opening of the Station-front Ohashi Route in August 2025, fare revisions, increased rental income from real estate, progress on construction projects, and the consolidation of A&C Co., Ltd. as a subsidiary. Although personnel expenses, other expenses and depreciation increased, the Company secured operating profit overall.
How to read this page
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