Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
235
¥100 million (interim net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportSecond quarter (interim period) of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,270 100 million-2.6%
Operating profit¥219 100 million+27.9%
Ordinary income¥254 100 million+31.8%
Net income¥235 100 million+108.9%
Results for the three months of the current quarterQuarterly trends in operating revenue and operating profit by segment are shown in a chart. The consolidated total for the three-month period alone is not disclosed.
Full-year earnings forecast
Operating revenue
¥7,340 100 million
Operating profit
¥450 100 million
Ordinary income
¥470 100 million
Profit attributable to owners of the parent
¥390 100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating revenue fell short of plan, while operating profit and interim net income exceeded plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Railway operations-¥500 million
- Bus+¥600 million
- Taxis+¥500 million
- Trucks+¥3.8 billion
- Real Estate Leasing–¥1.4 billion
- Real Estate Development-¥1.7 billion
- Hotels+¥700 million
- Retail+¥1.5 billion
- Aviation+¥1 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Persistently High Fuel Prices
- Phased reduction of government fuel subsidies
- Concern about further price increases
- Further interest rate increases
New initiatives
- Segment classifications and names changed from April 2026
- Gain on negative goodwill arising from an absorption-type company split of the business of 矢作地所
Key KPIsA metric the company considers important as a management benchmark.
- Meitetsu passenger volume1.7 % year on year
- ADR, city hotels in Nagoya¥22,102Year on year against the same period last year+18.4%
- Occupancy rate, city hotels in Nagoya73.7 %Year on year against the same period last year△2.8pt
- Inbound visitor ratio, city hotels in Nagoya49.4 %Year on year against the same period last year+7.4pt
- 名鉄協商 parking spaces held98,205 unitsYear on year against the same period last year+6,668 spaces
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Trucking business price per tonne103.9 % year on year
- Trucking business shipment weight98.1 % year on year
- ADR, city hotels in Nagoya¥22,102
- Occupancy rate, city hotels in Nagoya73.7 %
Segment results
Transportation
Operating revenue
¥927 100 million+4.6%
Operating profit
¥130 100 million+5.2%
Transportation
Operating revenue
¥831 100 million-2.6%
Operating profit
¥-9 100 million
Real estate business
Operating revenue
¥464 100 million-17.4%
Operating profit
¥41 100 million-43.7%
Leisure and lifestyle services business
Operating revenue
¥938 100 million-3.8%
Operating profit
¥37 100 million+242.6%
Aviation, information and technical services business
Operating revenue
¥357 100 million+15.2%
Operating profit
¥21 100 million+84.2%
Financial targets
Equity ratio
31.3 %
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥3,270 100 million (YoY -2.6%) |
| Operating profit | ¥219 100 million (YoY +27.9%) |
| Ordinary income | ¥254 100 million (YoY +31.8%) |
| Net income | ¥235 100 million (YoY +108.9%) |
| Results for the three months of the current quarter | Quarterly trends in operating revenue and operating profit by segment are shown in a chart. The consolidated total for the three-month period alone is not disclosed. |
| Full-year earnings forecast | Operating revenue ¥7,340 100 million / Operating profit ¥450 100 million / Ordinary income ¥470 100 million / Profit attributable to owners of the parent ¥390 100 million |
| Self-assessment against the plan | Operating revenue fell short of plan, while operating profit and interim net income exceeded plan. |
| Segment results | Transportation Operating revenue ¥927 100 million (YoY +4.6%) / Operating profit ¥130 100 million (YoY +5.2%) / Transportation Operating revenue ¥831 100 million (YoY -2.6%) / Operating profit ¥-9 100 million / Real estate business Operating revenue ¥464 100 million (YoY -17.4%) / Operating profit ¥41 100 million (YoY -43.7%) / Leisure and lifestyle services business Operating revenue ¥938 100 million (YoY -3.8%) / Operating profit ¥37 100 million (YoY +242.6%) / Aviation, information and technical services business Operating revenue ¥357 100 million (YoY +15.2%) / Operating profit ¥21 100 million (YoY +84.2%) |
| Breakdown of Factors Affecting the Change | Factors Railway operations / Amount -¥500 million, Factors Bus / Amount +¥600 million, Factors Taxis / Amount +¥500 million, Factors Trucks / Amount +¥3.8 billion, Factors Real Estate Leasing / Amount –¥1.4 billion, Factors Real Estate Development / Amount -¥1.7 billion, Factors Hotels / Amount +¥700 million, Factors Retail / Amount +¥1.5 billion, Factors Aviation / Amount +¥1 billion |
| Key KPIs | Indicator name Meitetsu passenger volume / Value 1.7 % year on year, Indicator name ADR, city hotels in Nagoya / Value ¥22,102 / Year on year against the same period last year ¥18.4, Indicator name Occupancy rate, city hotels in Nagoya / Value 73.7 % / Year on year against the same period last year △2.8pt, Indicator name Inbound visitor ratio, city hotels in Nagoya / Value 49.4 % / Year on year against the same period last year +7.4pt, Indicator name 名鉄協商 parking spaces held / Value 98,205 units / Year on year against the same period last year +6,668 spaces |
| Unit price and quantity metrics | Indicator name Trucking business price per tonne / Value 103.9 % year on year, Indicator name Trucking business shipment weight / Value 98.1 % year on year, Indicator name ADR, city hotels in Nagoya / Value ¥22,102, Indicator name Occupancy rate, city hotels in Nagoya / Value 73.7 % |
| Assumptions Underlying the Business Outlook | Persistently High Fuel Prices, Phased reduction of government fuel subsidies, Concern about further price increases, Further interest rate increases |
| Financial targets | Equity ratio 31.3 % |
| New initiatives | Segment classifications and names changed from April 2026, Gain on negative goodwill arising from an absorption-type company split of the business of 矢作地所 |
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders 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.Operating revenue decreased due to a decline in condominium units delivered and the closure of the main store of Meitetsu Department Store, among other factors. Profit increased due to improved earnings in the trucking and retail businesses, higher equity in earnings of affiliates, and lower income taxes, among other factors. The full-year forecast was unchanged in light of the uncertain outlook, including persistently high fuel prices, the phased reduction of fuel subsidies, rising prices and higher interest rates.
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.