Supplementary Explanatory Materials for the Fiscal Year Ending March 2026 Results | Hankyu Hanshin Holdings,Inc. (9042) timely disclosure

Worth reading

72In focus

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

16257

Millions of yen (year-on-year increase in operating profit)

Wording

Avoiding a definitive answer

How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFY2025 (fiscal year ending March 2026), full year11 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥1,203,506 million+8.7%

Operating profit¥127,136 million+14.7%

Ordinary income¥124,548 million+12.0%

Net income¥78,538 million+16.5%

Full-year earnings forecast

Operating revenue

12,650 Hundreds of millions of yen

Operating profit

1,217 Hundreds of millions of yen

Ordinary income

1,140 Hundreds of millions of yen

Profit attributable to owners of the parent

790 Hundreds of millions of yen

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Increase in Equity-Method Investment Income¥846 million
Increase in interest expense¥3,705 million
Increase in Gains on Sales of Investment Securities¥7,712 million
Increase in provision for losses on the removal of property, plant and equipment¥6,153 million

New initiatives

Consideration of establishing a private real estate fund
Promotion of M&A in the information services business
Establishment of a Tourism and Inbound Promotion Office
Joint investment toward the acquisition of Azumi Setoda
Strengthening collaboration with the Toho Group
Consideration of fare revisions on the Hankyu and Hanshin lines
Restructuring of the retail business
Promotion of the Shibata 1-chome project

Key KPIsA metric the company considers important as a management benchmark.

Hankyu Railway passenger numbers628,643 thousand customers
Year on year against the same period last year+3.2%
Hanshin Electric Railway passenger numbers254,326 thousand customers
Year on year against the same period last year+4.9%
Equity ratio31.2 %
Year on year against the same period last year-0.3%
ROE7.3 %
Number of consolidated subsidiaries111 companies
Year on year against the same period last year0.0%

Segment results

Urban transportation

Operating revenue

¥214,293 million+4.4%

Operating profit

¥35,298 million+0.5%

Real Estate

Operating revenue

¥406,705 million+10.6%

Operating profit

¥67,113 million+16.5%

Entertainment

Operating revenue

¥91,171 million+10.5%

Operating profit

¥13,091 million+14.8%

Information and Communications

Operating revenue

¥71,968 million+2.7%

Operating profit

¥7,841 million+14.0%

Travel

Operating revenue

¥296,546 million+13.6%

Operating profit

¥5,423 million+2.4%

International Transport

Operating revenue

¥106,472 million+1.7%

Operating profit

¥2,049 million

Medium-term management plan targets

FY2030 business profit

1,600 Hundreds of millions of yen

ROE

8 %

Financial targets

ROE

Target value8% or higher

Actual value7.3%

Debt-to-equity ratio

Target valueApproximately 1.3x

Actual value1.3x

Net debt to EBITDA

Target valueIn the 6x range

Actual value6.8x

Market Size / Share

Average office rent in the Osaka-Umeda areaUp 25.8% from March 2015

Average office rent in the Osaka Business DistrictUp 17.4% from March 2015

Capital expenditures

937 Hundreds of millions of yen

Annual Dividend

FY2025

Annual dividend per share¥100

FY2026 forecast

Annual dividend per share¥100

Breakdown¥50 interim dividend and ¥50 year-end dividend

Payout ratio

Total payout ratio of 50% or higher (cumulative total for the 6 years from FY2025 to FY2030)

Acquisition of treasury shares

Acquisition amount300 Hundreds of millions of yen

PeriodAmount announced this time. The Company plans to acquire JPY 100 billion or more of treasury shares by the end of FY2030.

Contents of this document
Item	Details
Document type	Supplementary materials to the earnings report
Fiscal Period Covered	FY2025 (fiscal year ending March 2026), full year
Net Sales	¥1,203,506 million (YoY +8.7%)
Operating profit	¥127,136 million (YoY +14.7%)
Ordinary income	¥124,548 million (YoY +12.0%)
Net income	¥78,538 million (YoY +16.5%)
Full-year earnings forecast	Operating revenue 12,650 Hundreds of millions of yen / Operating profit 1,217 Hundreds of millions of yen / Ordinary income 1,140 Hundreds of millions of yen / Profit attributable to owners of the parent 790 Hundreds of millions of yen
Segment results	Urban transportation Operating revenue ¥214,293 million (YoY +4.4%) / Operating profit ¥35,298 million (YoY +0.5%) / Real Estate Operating revenue ¥406,705 million (YoY +10.6%) / Operating profit ¥67,113 million (YoY +16.5%) / Entertainment Operating revenue ¥91,171 million (YoY +10.5%) / Operating profit ¥13,091 million (YoY +14.8%) / Information and Communications Operating revenue ¥71,968 million (YoY +2.7%) / Operating profit ¥7,841 million (YoY +14.0%) / Travel Operating revenue ¥296,546 million (YoY +13.6%) / Operating profit ¥5,423 million (YoY +2.4%) / International Transport Operating revenue ¥106,472 million (YoY +1.7%) / Operating profit ¥2,049 million
Breakdown of Factors Affecting the Change	Factors Increase in Equity-Method Investment Income / Amount ¥846 million, Factors Increase in interest expense / Amount ¥3,705 million, Factors Increase in Gains on Sales of Investment Securities / Amount ¥7,712 million, Factors Increase in provision for losses on the removal of property, plant and equipment / Amount ¥6,153 million
Key KPIs	Indicator name Hankyu Railway passenger numbers / Value 628,643 thousand customers / Year on year against the same period last year 3.2 thousand customers, Indicator name Hanshin Electric Railway passenger numbers / Value 254,326 thousand customers / Year on year against the same period last year 4.9 thousand customers, Indicator name Equity ratio / Value 31.2 % / Year on year against the same period last year -0.3 %, Indicator name ROE / Value 7.3 % / Year on year against the same period last year Not disclosed, Indicator name Number of consolidated subsidiaries / Value 111 companies / Year on year against the same period last year 0 companies
Medium-term management plan targets	FY2030 business profit 1,600 Hundreds of millions of yen / ROE 8 %
Financial targets	ROE Target value 8% or higher / Actual value 7.3% / Debt-to-equity ratio Target value Approximately 1.3x / Actual value 1.3x / Net debt to EBITDA Target value In the 6x range / Actual value 6.8x
Annual Dividend	FY2025 Annual dividend per share ¥100 / Breakdown Not disclosed / FY2026 forecast Annual dividend per share ¥100 / Breakdown ¥50 interim dividend and ¥50 year-end dividend
Payout ratio	Total payout ratio of 50% or higher (cumulative total for the 6 years from FY2025 to FY2030)
Acquisition of treasury shares	Acquisition amount 300 Hundreds of millions of yen / Period Amount announced this time. The Company plans to acquire JPY 100 billion or more of treasury shares by the end of FY2030.
Capital expenditures	937 Hundreds of millions of yen
Market Size / Share	Average office rent in the Osaka-Umeda area Up 25.8% from March 2015 / Average office rent in the Osaka Business District Up 17.4% from March 2015
New initiatives	Consideration of establishing a private real estate fund, Promotion of M&A in the information services business, Establishment of a Tourism and Inbound Promotion Office, Joint investment toward the acquisition of Azumi Setoda, Strengthening collaboration with the Toho Group, Consideration of fare revisions on the Hankyu and Hanshin lines, Restructuring of the retail business, Promotion of the Shibata 1-chome project

Items this document does not state (13)

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 outlookOrders received and order backlogKey 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.

Revenue and profit increased in FY2025, reflecting substantial growth in condominium sales revenue in the real estate business, demand captured by the urban transportation and hotel businesses in connection with the Osaka-Kansai Expo, and strong performance in the sports business following the Hanshin Tigers' league championship. In FY2026, growth in the real estate business is expected, but operating income and ordinary income are projected to decline due to the loss of the Osaka-Kansai Expo and professional baseball-related special demand from the previous fiscal year, the impact of the situation in the Middle East, and increases in interest expenses and other costs.

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