Revised forecast
Fiscal year ending March 2027 · Second quarter (cumulative) and full yearThe bar length represents the relative magnitude of change, based on the item that changed the most in this document.
Although revenue is expected to increase as a result of the October 2025 fare revision, operating revenue is expected to decline due to the negative impact of the previous fiscal year's sale of development land in Keihanna Science City by the real estate business and the reversal of demand growth associated with the Osaka-Kansai Expo across the company's businesses. Operating income, ordinary income, and net income attributable to owners of the parent are also expected to decline due to higher depreciation associated with capital investments including the construction of new rolling stock.
Loss on reduction of fixed asset acquisition costs: ¥1,500 million; impairment loss: ¥987 million; loss on disposal of fixed assets: ¥607 million; valuation loss on investment securities: ¥330 million; other: ¥38 million. Total extraordinary losses: ¥3,464 million.
| Item | Details |
|---|---|
| Net Sales | Not disclosed → Second quarter (cumulative) 154,800 / Full year 321,800（Second quarter (cumulative) 7.2% (compared with the same period of the previous fiscal year) / Full year -3.2% (compared with the previous fiscal year)） |
| Operating profit | Not disclosed → Second quarter (cumulative) 20,000 / Full year 42,400（Second quarter (cumulative) -9.6% (compared with the same period of the previous fiscal year) / Full year -13.7% (compared with the previous fiscal year)） |
| Ordinary income | Not disclosed → Second quarter (cumulative) 18,300 / Full year 38,100（Second quarter (cumulative) -13.4% (compared with the same period of the previous fiscal year) / Full year -18.8% (compared with the previous fiscal year)） |
| Profit attributable to owners of the parent | Not disclosed → Second quarter (cumulative) 13,800 / Full year 29,000（Second quarter (cumulative) -12.7% (compared with the same period of the previous fiscal year) / Full year -13.6% (compared with the previous fiscal year)） |
| Net income per share | Not disclosed → Second quarter (cumulative) 136.77 / Full year 287.41 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (cumulative) and full year |
| Previous-period results | Fiscal Period Covered Fiscal year ending March 2026 / Operating revenue ¥332,471 million, ¥ and sen / Operating profit ¥49,152 million, ¥ and sen / Ordinary income ¥46,931 million, ¥ and sen / Profit attributable to owners of the parent ¥33,581 million, ¥ and sen / Net income per share ¥332.79 million, ¥ and sen |
| Reason for the revision | Although revenue is expected to increase as a result of the October 2025 fare revision, operating revenue is expected to decline due to the negative impact of the previous fiscal year's sale of development land in Keihanna Science City by the real estate business and the reversal of demand growth associated with the Osaka-Kansai Expo across the company's businesses. Operating income, ordinary income, and net income attributable to owners of the parent are also expected to decline due to higher depreciation associated with capital investments including the construction of new rolling stock. |
| Details and amount of extraordinary loss | Loss on reduction of fixed asset acquisition costs: ¥1,500 million; impairment loss: ¥987 million; loss on disposal of fixed assets: ¥607 million; valuation loss on investment securities: ¥330 million; other: ¥38 million. Total extraordinary losses: ¥3,464 million. |
| Dividend forecast revision | For the fiscal year ending March 2026, the annual dividend was increased by ¥3 from the previous forecast of ¥97 per share to ¥100 per share. For the fiscal year ending March 2027, an annual dividend of ¥86 per share is planned, consisting of a year-end dividend of ¥86 per share. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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 company expects higher revenue from the October 2025 fare revision, but also anticipates the negative impact of the reversal of demand growth driven by the previous fiscal year's sale of development land in Keihanna Science City and the Osaka-Kansai Expo, as well as higher depreciation associated with capital investments including the construction of new rolling stock. For the non-consolidated results, operating revenue increased due to higher dividends from subsidiaries, while earnings declined because of the decrease from the reversal of the allowance for doubtful accounts recognized in the previous fiscal year.