Supplementary Explanatory Materials for the Fiscal Year 2025 Financial Results | NANKAI Co.,Ltd. (9044) timely disclosure

Worth reading

56In focus

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

5263

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

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFY2025 (with FY2026 earnings forecast also shown)10 items taken from the company’s own explanation

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

Net Sales¥264,714 million+1.5%

Operating profit¥39,945 million+15.2%

Ordinary income¥37,763 million+6.1%

Net income¥25,135 million+11.5%

Full-year earnings forecast

Operating revenue

¥287,500 million

Operating profit

¥40,000 million

Ordinary income

¥35,900 million

Profit attributable to owners of the parent

¥23,800 million

Investment amount

¥136,200 million

Depreciation and amortization

¥29,700 million

EBITDA

¥70,000 million

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

mixed (operating revenue fell short of the initial forecast, while operating income, ordinary income and net income exceeded the initial forecasts)

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

Increase in operating revenue from the transportation business¥4,590 million
Increase in operating revenue from the real estate business¥4,198 million
Increase in operating revenue from the retail and distribution business¥1,584 million
Increase in operating revenue from the leisure and services business¥7,264 million
Decrease in operating revenue from the construction business¥-7,045 million
Increase in operating income from the transportation business¥1,646 million
Increase in operating income from the real estate business¥1,981 million
Increase in operating income from the leisure and services business¥1,345 million
Increase in operating income from the construction business¥441 million

New initiatives

Review of limited express fares in the railway business
Opening of Building 7 at the Kita-Osaka Truck Terminal and start of leasing
Acquisition of Income-Producing Real Estate
Namba-area development project
Safety and renewal investments related to the railway business

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

Railway passengers (all lines)246,670 thousand customers
Year on year against the same period last year+2.5%
Railway passenger revenue (all lines)¥69,951 million
Year on year against the same period last year+2.0%
Number of condominiums sold331 units
Year on year against the same period last year+177.3%
EBITDA¥68,672 million
Year on year against the same period last year+8.6%

Segment results

Transportation
Operating revenue¥117,329 million (YoY +4.1%)
Operating profit¥14,908 million (YoY +12.4%)
Real Estate Business
Operating revenue¥53,285 million (YoY +8.6%)
Operating profit¥14,347 million (YoY +16.0%)
Distribution Business
Operating revenue¥30,464 million (YoY +5.5%)
Operating profit¥3,935 million (YoY +7.6%)
Leisure and Services Business
Operating revenue¥52,809 million (YoY +15.9%)
Operating profit¥4,716 million (YoY +39.9%)
Construction Business
Operating revenue¥46,985 million (YoY -13.0%)
Operating profit¥2,901 million (YoY +18.0%)
Other Businesses
Operating revenue¥4,389 million (YoY +18.8%)
Operating profit¥86 million (YoY -2.1%)

Financial targets

ROE

Actual results7.8 %

Forecast7 %

Forecast unit%

Net debt/EBITDA multiple

Actual results6.1 times

Forecast7.4 times

Forecast unittimes

Capital expenditures

¥99,105 million

Annual Dividend

Annual¥50

Payout ratio

22 %

Acquisition of treasury shares

Acquisition amount120 Hundreds of millions of yen

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	FY2025 (with FY2026 earnings forecast also shown)
Net Sales	¥264,714 million (YoY +1.5%)
Operating profit	¥39,945 million (YoY +15.2%)
Ordinary income	¥37,763 million (YoY +6.1%)
Net income	¥25,135 million (YoY +11.5%)
Full-year earnings forecast	Operating revenue ¥287,500 million / Operating profit ¥40,000 million / Ordinary income ¥35,900 million / Profit attributable to owners of the parent ¥23,800 million / Investment amount ¥136,200 million / Depreciation and amortization ¥29,700 million / EBITDA ¥70,000 million
Self-assessment against the plan	mixed (operating revenue fell short of the initial forecast, while operating income, ordinary income and net income exceeded the initial forecasts)
Segment results	Segment Transportation / Operating revenue ¥117,329 million (YoY +4.1%) / Operating profit ¥14,908 million (YoY +12.4%), Segment Real Estate Business / Operating revenue ¥53,285 million (YoY +8.6%) / Operating profit ¥14,347 million (YoY +16.0%), Segment Distribution Business / Operating revenue ¥30,464 million (YoY +5.5%) / Operating profit ¥3,935 million (YoY +7.6%), Segment Leisure and Services Business / Operating revenue ¥52,809 million (YoY +15.9%) / Operating profit ¥4,716 million (YoY +39.9%), Segment Construction Business / Operating revenue ¥46,985 million (YoY -13.0%) / Operating profit ¥2,901 million (YoY +18.0%), Segment Other Businesses / Operating revenue ¥4,389 million (YoY +18.8%) / Operating profit ¥86 million (YoY -2.1%)
Breakdown of Factors Affecting the Change	Factors Increase in operating revenue from the transportation business / Amount ¥4,590 million, Factors Increase in operating revenue from the real estate business / Amount ¥4,198 million, Factors Increase in operating revenue from the retail and distribution business / Amount ¥1,584 million, Factors Increase in operating revenue from the leisure and services business / Amount ¥7,264 million, Factors Decrease in operating revenue from the construction business / Amount ¥-7,045 million, Factors Increase in operating income from the transportation business / Amount ¥1,646 million, Factors Increase in operating income from the real estate business / Amount ¥1,981 million, Factors Increase in operating income from the leisure and services business / Amount ¥1,345 million, Factors Increase in operating income from the construction business / Amount ¥441 million
Key KPIs	Indicator name Railway passengers (all lines) / Value 246,670 thousand customers / Year on year against the same period last year 2.5 thousand customers, Indicator name Railway passenger revenue (all lines) / Value ¥69,951 million / Year on year against the same period last year ¥2 million, Indicator name Number of condominiums sold / Value 331 units / Year on year against the same period last year 177.3 units, Indicator name EBITDA / Value ¥68,672 million / Year on year against the same period last year ¥8.6 million
Financial targets	ROE Actual results 7.8 % / Forecast 7 % / Forecast unit % / Net debt/EBITDA multiple Actual results 6.1 times / Forecast 7.4 times / Forecast unit times
Annual Dividend	Annual ¥50 / Interim Not disclosed / End of period Not disclosed
Payout ratio	22 %
Acquisition of treasury shares	Acquisition amount 120 Hundreds of millions of yen / Number of Shares Not disclosed / Period Not disclosed
Capital expenditures	¥99,105 million
New initiatives	Review of limited express fares in the railway business, Opening of Building 7 at the Kita-Osaka Truck Terminal and start of leasing, Acquisition of Income-Producing Real Estate, Namba-area development project, Safety and renewal investments related to the railway business

Items this document does not state (14)

Gross Profit MarginOperating profit marginSelling, general and administrative expensesThree months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsOrders 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.

The reasons for higher revenue and earnings in FY2025 were the effect of the Osaka-Kansai Expo, increased passenger numbers in the transportation business due to expanding inbound demand, higher condominium sales, and the full-year contributions of Meiko Bus and Tsutenkaku Kanko, which became consolidated subsidiaries in the previous fiscal year. For FY2026, the company aims to achieve new record highs in operating revenue and operating income through a review of limited express fares, the start of leasing at Building 7 of the Kita-Osaka Truck Terminal, property disposal income and higher condominium sales, while factoring in the fading effect of the Expo and the impact of worsening Japan-China relations.

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.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.