Worth reading
33Immaterial
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
671
¥ millionWording
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 20275 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥19,789 million+3.5%
Operating profit¥2,688 million-4.0%
Full-year earnings forecast
Operating revenue
¥42,777 million
Operating profit
¥4,204 million
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 transportation business operating revenue (railway)¥210 million
- Decrease in transportation business operating income (railway)¥-590 million
- Decrease in transportation business operating income (bus)¥-56 million
- Decrease in distribution business operating revenue (department store)¥-109 million
- Increase in distribution business operating revenue (山陽フレンズ)¥30 million
- Increase in distribution business operating income (department store)¥72 million
- Increase in real estate business operating revenue (山陽電鉄)¥566 million
- Increase in real estate business operating income (山陽電鉄)¥461 million
New initiatives
- Construction of new 6000 series railcars
- Station accessibility improvements (Fujie, Nishishikama and Matogata)
- Substation renewal
- Introduction of 23 buses
- Sales-floor renovations and air-conditioning equipment upgrades
- Acquisition of Income-Producing Real Estate
- Construction of Charm Akashi-Nishishinmachi
Key KPIsA metric the company considers important as a management benchmark.
- Passenger transportation revenue¥7,138 millionYear on year against the same period last year+1.7%
- Passenger numbers32,088 thousand peopleYear on year against the same period last year+2.0%
Segment results
Transportation
Operating revenue
¥10,887 million+1.9%
Operating profit
¥860 million-43.7%
Retail
Operating revenue
¥4,399 million-1.8%
Operating profit
¥185 million+63.1%
Real estate
Operating revenue
¥2,702 million+26.8%
Operating profit
¥1,460 million+46.2%
Leisure and Services
Operating revenue
¥1,205 million+4.9%
Operating profit
¥75 million+97.1%
Other
Operating revenue
¥594 million-12.5%
Operating profit
¥93 million+15.6%
Capital expenditures
¥11,433 million
| 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 | ¥19,789 million (YoY +3.5%) |
| Operating profit | ¥2,688 million (YoY -4.0%) |
| Full-year earnings forecast | Operating revenue ¥42,777 million / Operating profit ¥4,204 million |
| Segment results | Transportation Operating revenue ¥10,887 million (YoY +1.9%) / Operating profit ¥860 million (YoY -43.7%) / Retail Operating revenue ¥4,399 million (YoY -1.8%) / Operating profit ¥185 million (YoY +63.1%) / Real estate Operating revenue ¥2,702 million (YoY +26.8%) / Operating profit ¥1,460 million (YoY +46.2%) / Leisure and Services Operating revenue ¥1,205 million (YoY +4.9%) / Operating profit ¥75 million (YoY +97.1%) / Other Operating revenue ¥594 million (YoY -12.5%) / Operating profit ¥93 million (YoY +15.6%) |
| Breakdown of Factors Affecting the Change | Factors Increase in transportation business operating revenue (railway) / Amount ¥210 million, Factors Decrease in transportation business operating income (railway) / Amount ¥-590 million, Factors Decrease in transportation business operating income (bus) / Amount ¥-56 million, Factors Decrease in distribution business operating revenue (department store) / Amount ¥-109 million, Factors Increase in distribution business operating revenue (山陽フレンズ) / Amount ¥30 million, Factors Increase in distribution business operating income (department store) / Amount ¥72 million, Factors Increase in real estate business operating revenue (山陽電鉄) / Amount ¥566 million, Factors Increase in real estate business operating income (山陽電鉄) / Amount ¥461 million |
| Key KPIs | Indicator name Passenger transportation revenue / Value ¥7,138 million / Year on year against the same period last year ¥1.7 million, Indicator name Passenger numbers / Value 32,088 thousand people / Year on year against the same period last year 2 thousand people |
| Capital expenditures | ¥11,433 million |
| New initiatives | Construction of new 6000 series railcars, Station accessibility improvements (Fujie, Nishishikama and Matogata), Substation renewal, Introduction of 23 buses, Sales-floor renovations and air-conditioning equipment upgrades, Acquisition of Income-Producing Real Estate, Construction of Charm Akashi-Nishishinmachi |
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.During the interim period, commuter and leisure demand from businesses along the railway lines remained firm, while the real estate development business and sales of land held by the Company also contributed to higher revenue. However, expenses, including personnel costs, increased mainly in the railway business, resulting in lower operating income.
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.