Worth reading
74In focus
Scored from 3 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
3605
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥40,132 million+4.3%
Operating profit¥4,478 million+10.2%
Full-year earnings forecast
Operating revenue
¥43,738 million
Operating profit
¥4,477 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Consolidated operating revenue¥859 millionFactorsTransportation
- Consolidated operating revenue¥216 millionFactorsBus
- Consolidated operating revenue¥172 millionFactors大阪山陽タクシー
- Consolidated operating profit¥334 millionFactorsRailways
- Consolidated operating profit¥45 millionFactors大阪山陽タクシー
- Retail operating revenue¥-146 millionFactorsDepartment stores
- Retail operating revenue¥69 millionFactors山陽フレンズ
- Real Estate operating revenue¥371 millionFactors山陽電鉄
- Real Estate operating profit¥187 millionFactors山陽電鉄
New initiatives
- Construction of new 6000 series railcars
- Barrier-free accessibility improvements at Fujie, Nishi-Shikama and Matogata Stations
- Substation renewal
- Introduction of 23 buses
- Transaction name
Key KPIsA metric the company considers important as a management benchmark.
- Total passenger transportation revenue¥13,892 millionYear on year against the same period last year+4.6%
- Total passenger numbers62,084 thousand customersYear on year against the same period last year+3.3%
- Passenger transportation revenue, non-commuter passes¥7,086 millionYear on year against the same period last year+4.6%
- Passenger transportation revenue, commuter passes¥6,805 millionYear on year against the same period last year+4.7%
- Passenger numbers, non-commuter passes22,349 thousand customersYear on year against the same period last year+3.4%
- Passenger numbers, commuter passes39,735 thousand customersYear on year against the same period last year+3.3%
Segment results
Transportation
Operating revenue
¥21,284 million+6.3%
Operating profit
¥1,645 million+29.2%
Distribution Business
Operating revenue
¥9,360 million-1.0%
Operating profit
¥229 million-34.7%
Real Estate Business
Operating revenue
¥5,820 million+6.6%
Operating profit
¥2,324 million+9.8%
Leisure and Services Business
Operating revenue
¥2,416 million+8.1%
Operating profit
¥134 million-21.8%
Other Businesses
Operating revenue
¥1,250 million-4.7%
Operating profit
¥115 million-24.1%
Capital expenditures
¥11,433 million
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥40,132 million (YoY +4.3%) |
| Operating profit | ¥4,478 million (YoY +10.2%) |
| Full-year earnings forecast | Operating revenue ¥43,738 million / Operating profit ¥4,477 million |
| Segment results | Transportation Operating revenue ¥21,284 million (YoY +6.3%) / Operating profit ¥1,645 million (YoY +29.2%) / Distribution Business Operating revenue ¥9,360 million (YoY -1.0%) / Operating profit ¥229 million (YoY -34.7%) / Real Estate Business Operating revenue ¥5,820 million (YoY +6.6%) / Operating profit ¥2,324 million (YoY +9.8%) / Leisure and Services Business Operating revenue ¥2,416 million (YoY +8.1%) / Operating profit ¥134 million (YoY -21.8%) / Other Businesses Operating revenue ¥1,250 million (YoY -4.7%) / Operating profit ¥115 million (YoY -24.1%) |
| Breakdown of Factors Affecting the Change | Subject Consolidated operating revenue / Factors Transportation / Amount ¥859 million, Subject Consolidated operating revenue / Factors Bus / Amount ¥216 million, Subject Consolidated operating revenue / Factors 大阪山陽タクシー / Amount ¥172 million, Subject Consolidated operating profit / Factors Railways / Amount ¥334 million, Subject Consolidated operating profit / Factors 大阪山陽タクシー / Amount ¥45 million, Subject Retail operating revenue / Factors Department stores / Amount ¥-146 million, Subject Retail operating revenue / Factors 山陽フレンズ / Amount ¥69 million, Subject Real Estate operating revenue / Factors 山陽電鉄 / Amount ¥371 million, Subject Real Estate operating profit / Factors 山陽電鉄 / Amount ¥187 million |
| Key KPIs | Indicator name Total passenger transportation revenue / Value ¥13,892 million / Year on year against the same period last year ¥4.6 million, Indicator name Total passenger numbers / Value 62,084 thousand customers / Year on year against the same period last year 3.3 thousand customers, Indicator name Passenger transportation revenue, non-commuter passes / Value ¥7,086 million / Year on year against the same period last year ¥4.6 million, Indicator name Passenger transportation revenue, commuter passes / Value ¥6,805 million / Year on year against the same period last year ¥4.7 million, Indicator name Passenger numbers, non-commuter passes / Value 22,349 thousand customers / Year on year against the same period last year 3.4 thousand customers, Indicator name Passenger numbers, commuter passes / Value 39,735 thousand customers / Year on year against the same period last year 3.3 thousand customers |
| Capital expenditures | ¥11,433 million |
| New initiatives | Construction of new 6000 series railcars, Barrier-free accessibility improvements at Fujie, Nishi-Shikama and Matogata Stations, Substation renewal, Introduction of 23 buses, Transaction name |
Items this document does not state (21)
Ordinary incomeNet incomeGross 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 outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders 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.In fiscal 2025, fare revisions, leisure demand generated by Expo 2025 Osaka, an increase in passenger numbers due to limited express trains making direct stops at Beppu Station, and differences in the scale of property sales contributed to higher revenue and profit. In fiscal 2026, revenue and profit are expected to increase, supported by steady demand, primarily in the railway business, and differences in the scale of property sales. However, profit in the Transportation segment is expected to decline due to higher expenses, including labor costs in the railway business.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.