Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-721
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsFiscal year ending March 2027, second quarter (first half)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,370 million0.0%
Operating profit¥537 million-57.3%
Ordinary income¥518 million-60.6%
Net income¥217 million -75.7%interim net income attributable to owners of the parent
Results for the three months of the current quarter
By segmentAutomotive transportation: revenue of ¥5,834 million and operating loss of ¥247 million; vehicle sales and maintenance: revenue of ¥2,036 million and operating profit of ¥201 million; real estate: revenue of ¥1,411 million and operating profit of ¥385 million; leisure services: revenue of ¥1,443 million and operating profit of ¥18 million; chartered travel services: revenue of ¥1,524 million and operating loss of ¥71 million; Other: revenue of ¥1,131 million and operating loss of ¥53 million
Full-year earnings forecast
Net Sales
¥58,000 million
Operating profit
¥3,500 million
Ordinary income
¥3,700 million
Profit attributable to owners of the parent
¥2,400 million
Earnings per share
¥198.81
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half results were broadly in line with the initial plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue factors
Automotive transportation¥-52 million
Vehicle sales and maintenance¥138 million
Real Estate¥-48 million
Leisure services¥121 million
Chartered travel services¥-139 million
Other¥-7 million
Operating Expense Factors
Operating Expenses733
Cost of revenue-222
Personnel Expenses-241
Depreciation-92
Fuel and lubricants-36
Other-141
Change in operating income¥-721 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Numerical assumptions: Not disclosed. Qualitative assumptions include route expansion, the full-year contribution from rental properties, employee compensation improvements and vehicle renewal costs, and expansion in Tokyo.New initiatives
- Increased service frequency on the Mita–Shin-Osaka route
- Enhanced service on the Sannomiya–Kobe Airport route
- Resumption of service on the Tsuyama–Kyoto route
- Launch of a new daytime highway bus service between Himeji and Tokyo
- Conducting tours under the “真結” brand in Tokyo
- Opening a “こぶた家リンクス梅田店” outlet
- Full-year contribution from MONZEN Himeji Local Gateway
Key KPIsA metric the company considers important as a management benchmark.
- Highway bus revenue (compared with two fiscal years earlier, excluding Expo-related special demand)14.3 %
- Year-on-year change in chartered bus revenue per vehicle-day7.3 %
- Equity ratio71.3 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Service area visitsIncreasedYear on year against the same period last yearIncreased
- Average spend per service area customerIncreasedYear on year against the same period last yearIncreased
- Chartered bus revenue per vehicle-day7.3 %Year on year against the same period last yearIncreased
Segment results
Automotive transportation
Net Sales
¥11,606 million
Year-on-year sales-0.4
Operating profit
¥-328 million
Vehicle sales and maintenance
Net Sales
¥3,986 million
Year-on-year sales3.6
Operating profit
¥358 million
Real Estate
Net Sales
¥2,668 million
Year-on-year sales-1.8
Operating profit
¥715 million
Leisure services
Net Sales
¥2,675 million
Year-on-year sales4.8
Operating profit
¥-7 million
Chartered travel services
Net Sales
¥3,191 million
Year-on-year sales-4.2
Operating profit
¥-106 million
Other
Net Sales
¥2,243 million
Year-on-year sales-0.3
Operating profit
¥-96 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
Annual Dividend
¥50 per share
Interim20
End of period30
Payout ratio
25.2 %
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | ¥26,370 million (YoY 0.0%) |
| Operating profit | ¥537 million (YoY -57.3%) |
| Ordinary income | ¥518 million (YoY -60.6%) |
| Net income | ¥217 million (interim net income attributable to owners of the parent) (YoY -75.7%) |
| Results for the three months of the current quarter | Net Sales Not disclosed / By segment Automotive transportation: revenue of ¥5,834 million and operating loss of ¥247 million; vehicle sales and maintenance: revenue of ¥2,036 million and operating profit of ¥201 million; real estate: revenue of ¥1,411 million and operating profit of ¥385 million; leisure services: revenue of ¥1,443 million and operating profit of ¥18 million; chartered travel services: revenue of ¥1,524 million and operating loss of ¥71 million; Other: revenue of ¥1,131 million and operating loss of ¥53 million |
| Full-year earnings forecast | Net Sales ¥58,000 million / Operating profit ¥3,500 million / Ordinary income ¥3,700 million / Profit attributable to owners of the parent ¥2,400 million / Earnings per share ¥198.81 |
| Self-assessment against the plan | First-half results were broadly in line with the initial plan. |
| Segment results | Automotive transportation Net Sales ¥11,606 million / Year-on-year sales -0.4 / Operating profit ¥-328 million / Vehicle sales and maintenance Net Sales ¥3,986 million / Year-on-year sales 3.6 / Operating profit ¥358 million / Real Estate Net Sales ¥2,668 million / Year-on-year sales -1.8 / Operating profit ¥715 million / Leisure services Net Sales ¥2,675 million / Year-on-year sales 4.8 / Operating profit ¥-7 million / Chartered travel services Net Sales ¥3,191 million / Year-on-year sales -4.2 / Operating profit ¥-106 million / Other Net Sales ¥2,243 million / Year-on-year sales -0.3 / Operating profit ¥-96 million |
| Breakdown of Factors Affecting the Change | Revenue factors Automotive transportation ¥-52 million / Vehicle sales and maintenance ¥138 million / Real Estate ¥-48 million / Leisure services ¥121 million / Chartered travel services ¥-139 million / Other ¥-7 million / Operating Expense Factors Operating Expenses 733 / Cost of revenue -222 / Personnel Expenses -241 / Depreciation -92 / Fuel and lubricants -36 / Other -141 / Change in operating income ¥-721 million |
| Key KPIs | 14.3 %, 7.3 %, 71.3 % |
| Unit price and quantity metrics | Increased, Increased, 7.3 % |
| Assumptions Underlying the Business Outlook | Numerical assumptions: Not disclosed. Qualitative assumptions include route expansion, the full-year contribution from rental properties, employee compensation improvements and vehicle renewal costs, and expansion in Tokyo. |
| 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 |
| Annual Dividend | ¥50 per share |
| Payout ratio | 25.2 % |
| New initiatives | Increased service frequency on the Mita–Shin-Osaka route, Enhanced service on the Sannomiya–Kobe Airport route, Resumption of service on the Tsuyama–Kyoto route, Launch of a new daytime highway bus service between Himeji and Tokyo, Conducting tours under the “真結” brand in Tokyo, Opening a “こぶた家リンクス梅田店” outlet, Full-year contribution from MONZEN Himeji Local Gateway |
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk 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.Profit declined due to the drop-off following the Osaka-Kansai Expo, higher personnel expenses from improvements in employee compensation, soaring material costs, and increased costs related to bus fleet renewals and the rebuilding of maintenance facilities, among other factors.
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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