Worth reading
69In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
724
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥55,580 million+5.0%
Operating profit¥4,199 million+20.9%
Ordinary income¥4,434 million+18.9%
Net income¥3,158 million +27.8%net income attributable to owners of the parent
Operating profit margin7.6 %
Full-year earnings forecast
Net Sales
¥57,000 million
Operating profit
¥3,300 million
Ordinary income
¥3,400 million
Profit attributable to owners of the parent
¥2,200 million
Earnings per share
¥182.24
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Automotive transportation1,666
Vehicle sales and maintenance273
Real Estate-107
Leisure services482
Chartered travel services435
Other-123
Operating profit
Net Sales2,626
Operating Expenses1,901
Cost of sales-483
Personnel Expenses-1,312
Depreciation-350
Fuel and lubricants-27
Other-481
Changes to vehicle depreciation methods and useful lives797
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Numerical assumptions: Not disclosed. The presentation refers to a decline in Expo-related demand, base-pay increases, vehicle renewals, real estate development projects and securing drivers.New initiatives
- Increase services on the Sanda–Shin-Osaka and Sannomiya–Kobe Airport routes
- Launch the Osaka–Kobe Airport route
- Launch Mahyu tours departing from and arriving in Tokyo
- Open new locations for original food and beverage brands
- Develop and commercialize real estate development projects
- Allocate investment to businesses with high capital efficiency, real estate development and M&A
Key KPIsA metric the company considers important as a management benchmark.
- EXPO bus users52 10,000 people or more
- EXPO bus services operated1 Approximately 10,000 services
- Vehicle inspections and maintenance performedIncreased+1.1%
- Equity ratio71.88 %
- ROE6.13 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Visitors to service-area businessesIncreased
- Average spending per customer at service-area businessesIncreased
- Vehicle inspections and maintenance performedUp 1.1% year on year+1.1%
Segment results
Automotive transportation
Net Sales
¥25,590 million+7.0%
Operating profit
¥2,124 million+49.2%
Vehicle sales and maintenance
Net Sales
¥7,899 million+3.6%
Operating profit
¥950 million+8.6%
Real Estate
Net Sales
¥5,520 million-1.9%
Operating profit
¥1,407 million-1.6%
Leisure services
Net Sales
¥5,022 million+10.6%
Operating profit
¥-80 million
Chartered travel services
Net Sales
¥6,970 million+6.7%
Operating profit
¥23 million
Other
Net Sales
¥4,575 million-2.6%
Operating profit
¥-171 million
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2028
Net Sales
¥59,000 million
Operating profit
¥3,700 million
Ordinary income
¥3,800 million
Profit attributable to owners of the parent
¥2,570 million
Ordinary income margin
6.4 %
Number of employees
3,543 people
Average number of temporary employees1,749
Annual Dividend
Fiscal year ending March 2026
¥50 per share
Interim20
End of period30
Forecast for the fiscal year ending March 2027
¥45 per share
Payout ratio
Fiscal year ending March 202619.1 %
FY2027 target30 %
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥55,580 million (YoY +5.0%) |
| Operating profit | ¥4,199 million (YoY +20.9%) |
| Ordinary income | ¥4,434 million (YoY +18.9%) |
| Net income | ¥3,158 million (net income attributable to owners of the parent) (YoY +27.8%) |
| Operating profit margin | 7.6 % |
| Full-year earnings forecast | Net Sales ¥57,000 million / Operating profit ¥3,300 million / Ordinary income ¥3,400 million / Profit attributable to owners of the parent ¥2,200 million / Earnings per share ¥182.24 |
| Segment results | Automotive transportation Net Sales ¥25,590 million (YoY +7.0%) / Operating profit ¥2,124 million (YoY +49.2%) / Vehicle sales and maintenance Net Sales ¥7,899 million (YoY +3.6%) / Operating profit ¥950 million (YoY +8.6%) / Real Estate Net Sales ¥5,520 million (YoY -1.9%) / Operating profit ¥1,407 million (YoY -1.6%) / Leisure services Net Sales ¥5,022 million (YoY +10.6%) / Operating profit ¥-80 million / Chartered travel services Net Sales ¥6,970 million (YoY +6.7%) / Operating profit ¥23 million / Other Net Sales ¥4,575 million (YoY -2.6%) / Operating profit ¥-171 million |
| Breakdown of Factors Affecting the Change | Net Sales Automotive transportation 1,666 / Vehicle sales and maintenance 273 / Real Estate -107 / Leisure services 482 / Chartered travel services 435 / Other -123 / Operating profit Net Sales 2,626 / Operating Expenses 1,901 / Cost of sales -483 / Personnel Expenses -1,312 / Depreciation -350 / Fuel and lubricants -27 / Other -481 / Changes to vehicle depreciation methods and useful lives 797 |
| Key KPIs | EXPO bus users 52 10,000 people or more, EXPO bus services operated 1 Approximately 10,000 services, Vehicle inspections and maintenance performed Increased (YoY +1.1%), Equity ratio 71.88 %, ROE 6.13 % |
| Unit price and quantity metrics | Visitors to service-area businesses Increased, Average spending per customer at service-area businesses Increased, Vehicle inspections and maintenance performed Up 1.1% year on year (YoY +1.1%) |
| Number of employees | 3,543 people |
| Assumptions Underlying the Business Outlook | Numerical assumptions: Not disclosed. The presentation refers to a decline in Expo-related demand, base-pay increases, vehicle renewals, real estate development projects and securing drivers. |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2028 / Net Sales ¥59,000 million / Operating profit ¥3,700 million / Ordinary income ¥3,800 million / Profit attributable to owners of the parent ¥2,570 million / Ordinary income margin 6.4 % |
| Annual Dividend | Fiscal year ending March 2026 ¥50 per share / Forecast for the fiscal year ending March 2027 ¥45 per share |
| Payout ratio | Fiscal year ending March 2026 19.1 % / FY2027 target 30 % |
| New initiatives | Increase services on the Sanda–Shin-Osaka and Sannomiya–Kobe Airport routes, Launch the Osaka–Kobe Airport route, Launch Mahyu tours departing from and arriving in Tokyo, Open new locations for original food and beverage brands, Develop and commercialize real estate development projects, Allocate investment to businesses with high capital efficiency, real estate development and M&A |
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAcquisition 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.For the fiscal year ending March 2026, revenue increased due to fare revisions for regular-route buses, increased services on medium-distance and express bus routes, and the capture of demand related to Expo 2025 Osaka, Kansai, Japan and GLION ARENA KOBE. In addition to the effects of higher revenue, operating profit benefited from changes in the depreciation method and useful lives of vehicles and lower diesel fuel prices. For the fiscal year ending March 2027, revenue is expected to increase through real estate development projects and new tours, despite a decline in Expo-related demand, while profit is expected to decline due to higher costs associated with base-pay increases, securing personnel, vehicle renewals and the rebuilding of an automobile maintenance plant.
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.