Worth reading
59In 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
4990
Millions of yen (quarterly net loss attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 November 2025 to 31 July 2026ConsolidatedJapanese GAAPNet Sales279,300¥ millionYear on year +4.9%Progress 70.7%
Operating profit5,132¥ millionYear on year -18.1%Progress 42.8%
Ordinary income4,605¥ millionYear on year -23.8%Progress 40.0%
Net income attributable to owners of the parent-4,990¥ million
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share-¥66.76
Financial position at period-end
Total assets404,056¥ million
of which net assets 66,004 ¥ millionEquity ratio 13.3%vs. prior year-end -1.1pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueTravel Business ¥227,670 million (YoY +4.3%), Hotel Business ¥20,287 million (YoY +10.0%), Kyushu Sanko Group ¥20,084 million (YoY +6.3%)
Segment profitTravel Business ¥2,835 million (YoY -40.1%), Hotel Business ¥3,413 million (YoY +14.6%), Kyushu Sanko Group ¥732 million (YoY +18.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥395,000 million (YoY +5.9%)
Operating profit¥12,000 million (YoY +3.2%)
Ordinary income¥11,500 million (YoY +1.0%)
Profit attributable to owners of the parent¥-1,000 million
Revision to Earnings ForecastNo
Annual Dividend Forecast¥20 → ¥25（+25.0%）
Factors Behind Changes in Business Performance
In the travel business, the weaker yen, higher fuel surcharges, and tour cancellations and slower booking momentum amid heightened tensions in the Middle East weighed on earnings. In the hotel business, solid performance at domestic hotels and improved performance in Turkey contributed to higher profit, while the Kyushu Sanko Group benefited from fare revisions, a recovery in passenger numbers, and higher charter bus utilization. The final result was a loss due to factors including a ¥5,941 million loss on lease cancellations.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 2 / Company name 共新電設工業株式会社, 株式会社サウスウイング / Excluded Number of companies 1 / Company name 株式会社hapi-robo st
Impairment loss¥127 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of shares in an affiliated company ¥7 million, Reversal gain on deposits related to subsidies ¥199 million / Extraordinary loss Loss on sale of shares of subsidiaries and affiliates ¥45 million, Impairment Losses ¥127 million, Loss on lease cancellation ¥5,941 million
Depreciation and amortization¥8,781 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (conference call for institutional investors)
Issued Shares at Period-End79,860,936 Shares
Treasury Shares at Period-End5,096,131 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 November 2025 to 31 July 2026 |
| Net Sales | ¥279,300 million (YoY +4.9%) |
| Operating profit | ¥5,132 million (YoY -18.1%) |
| Ordinary income | ¥4,605 million (YoY -23.8%) |
| Profit attributable to owners of the parent | ¥-4,990 million |
| Net income per share | -¥66.76 |
| Equity ratio | End of the current fiscal period 13.3 / End of previous period 14.4 |
| Total assets | ¥404,056 million |
| Net assets | ¥66,004 million |
| Full-year earnings forecast | Net Sales ¥395,000 million (YoY +5.9%) / Operating profit ¥12,000 million (YoY +3.2%) / Ordinary income ¥11,500 million (YoY +1.0%) / Profit attributable to owners of the parent ¥-1,000 million |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥20 → ¥25（+25.0%） |
| Segment revenue | Travel Business ¥227,670 million (YoY +4.3%), Hotel Business ¥20,287 million (YoY +10.0%), Kyushu Sanko Group ¥20,084 million (YoY +6.3%) |
| Segment profit | Travel Business ¥2,835 million (YoY -40.1%), Hotel Business ¥3,413 million (YoY +14.6%), Kyushu Sanko Group ¥732 million (YoY +18.3%) |
| Depreciation and amortization | ¥8,781 million |
| Impairment loss | ¥127 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of shares in an affiliated company ¥7 million, Reversal gain on deposits related to subsidies ¥199 million / Extraordinary loss Loss on sale of shares of subsidiaries and affiliates ¥45 million, Impairment Losses ¥127 million, Loss on lease cancellation ¥5,941 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 2 / Company name 共新電設工業株式会社, 株式会社サウスウイング / Excluded Number of companies 1 / Company name 株式会社hapi-robo st |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (conference call for institutional investors) |
| Issued Shares at Period-End | 79,860,936 Shares |
| Treasury Shares at Period-End | 5,096,131 Shares |
| Factors Behind Changes in Business Performance | In the travel business, the weaker yen, higher fuel surcharges, and tour cancellations and slower booking momentum amid heightened tensions in the Middle East weighed on earnings. In the hotel business, solid performance at domestic hotels and improved performance in Turkey contributed to higher profit, while the Kyushu Sanko Group benefited from fare revisions, a recovery in passenger numbers, and higher charter bus utilization. The final result was a loss due to factors including a ¥5,941 million loss on lease cancellations. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events
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 the travel business, the weaker yen, higher fuel surcharges, and the cancellation of certain tours and slower booking momentum amid heightened tensions in the Middle East weighed on earnings. The final result included extraordinary losses such as a ¥5,941 million loss on lease cancellations.
How to read this page
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