Balancing a Shift Toward Growth with Financial Soundness

「We will optimize our business portfolio under the Medium-Term Management Plan 2028 by accelerating the selection and concentration of businesses and assets, making use of external alliances and collaboration where necessary, and actively reshaping our balance sheet.」

「Operating revenue increased 0.3% year on year to ¥856,315 million, and operating income increased 6.7% to ¥42,167 million.」

「Against this backdrop, demand has been recovering as the COVID-19 pandemic has subsided. In addition, fare revisions in the railway and track operations segment of the Transportation business in April of the previous year resulted in higher revenue and income across all businesses except Real Estate, while Kintetsu World Express, which became a consolidated subsidiary in July Reiwa 4, contributed throughout the period. Operating revenue increased 8.9% year on year to ¥1,217,397 million, and operating income increased 50.0% to ¥69,196 million.」

「Against this backdrop, demand has been recovering as the impact of COVID-19 has eased. In addition, fare revisions in the railway and track operations segment of the Transportation business in April this year led to higher revenue and income across all businesses, while Kintetsu World Express, which became a consolidated subsidiary in July last year, contributed throughout the period. Operating revenue increased 29.0% year on year to ¥803,623 million, and operating income increased 229.3% to ¥43,060 million.」

「Against this backdrop, demand has been recovering as the impact of COVID-19 has eased. In addition, fare revisions in the railway and track operations segment of the Transportation business in April this year and an increase in condominium sales in the Real Estate business resulted in higher revenue across all businesses. Furthermore, because Kintetsu World Express, previously an equity-method affiliate, became a consolidated subsidiary through a tender offer in July last year, operating revenue increased 113.4% year on year to ¥399,545 million and operating income increased 248.4% to ¥22,011 million.」

「As a Group, we will seek to lower our break-even point through structural reform and strengthen the resilience of our business portfolio to risk by developing and strengthening B2B businesses. We will respond rapidly and flexibly to changes in the business environment and customer trends and needs, and work to improve business performance.」

「During the second-quarter consolidated accounting period, we acquired shares of Kintetsu World Express through a tender offer and included the company in the scope of consolidation. As a result, compared with the end of the previous consolidated fiscal year, assets in the International Logistics reporting segment increased by ¥648,776 million during the second-quarter consolidated accounting period.」

「In the Kintetsu Group Medium-Term Management Plan 2024 formulated in May Reiwa 3, our Group identified transformation of the business portfolio as one of its priority measures and is developing and strengthening B2B businesses that do not depend on the movement of people. As part of this effort, we determined that making the company a wholly owned subsidiary would be the optimal approach to incorporating it into our business portfolio, creating a new driver of growth for the Group in both financial and business terms, diversifying and stabilizing business risks, establishing new Group governance with a view to global expansion, and realizing the development of human resources and transformation of the corporate culture.」

「Under the Kintetsu Group Medium-Term Management Plan 2024, we will fundamentally review the role of each business and implement bold structural reforms to continuously improve operating efficiency, based on the basic policy of “management reform to recover from the COVID-19 pandemic and pursue new business development and growth.” We will also accelerate the reduction of interest-bearing debt through such measures as asset sales and strengthen the business portfolio's resilience to risk by expanding its business domains through M&A and other means.」

「Under the Medium-Term Plan (FY2019–FY2023), which ends in FY2023, our Group is working to further strengthen its earnings capacity and financial foundation based on the basic policy of “laying the foundations for growth.”」

「Under the medium-term plan, we will work to further strengthen our earnings capacity and financial foundation, based on the basic policy of “laying the foundations for growth.”」

「Under the medium-term plan, we will work to further strengthen our earnings capacity and financial foundation, based on the basic policy of “laying the foundations for growth.”」

「Under the medium-term plan, we will work to further strengthen our earnings capacity and financial foundation, based on the basic policy of “laying the foundations for growth.”」

「Under the medium-term plan, we will work to further strengthen our earnings capacity and financial foundation, based on the basic policy of “laying the foundations for growth.”」

「Under the Kintetsu Group Management Plan (FY2015–FY2018) announced on 14 May Heisei 27, our Group established “balancing a shift toward growth with ensuring financial soundness” as its basic policy and will steadily implement the following basic strategies.」

「Under the Kintetsu Group Management Plan (FY2015–FY2018), we established “balancing a shift toward growth with ensuring financial soundness” as our basic policy and will steadily implement the following basic strategies.」

「Under the Kintetsu Group Management Plan (FY2015–FY2018), we established “balancing a shift toward growth with ensuring financial soundness” as our basic policy and will steadily implement the following basic strategies.」