Tokyu revised down its full-year ordinary profit forecast for the current fiscal year from the previous forecast of ¥111.4 billion to ¥102.4 billion, a downward revision of 8.1%. Based on first-half results and its second-half plan, the company expects second-half ordinary profit to rise 6.8% year on year to ¥49.0 billion.
Tokyu announced its earnings after the market close on 10 November, reporting consolidated ordinary profit of ¥53.3 billion for the cumulative second quarter of the fiscal year ending March 2027 (April-September).
The full-year ordinary profit forecast was revised down from the previous ¥111.4 billion to ¥102.4 billion, with the expected decline widening from 4.1% to 11.8%.
However, based on the first-half results and second-half plan presented by the company, consolidated ordinary profit for the second half is expected to rise 6.8% year on year to ¥49.0 billion.
Consolidated ordinary profit for the July-September quarter, the latest three-month period, fell to ¥19.9 billion, while the operating margin declined from 10.3% to 8.6%.