In its earnings report, 山陽電気鉄道 reported cumulative second-quarter ordinary profit of ¥2.7 billion, down 5.6% year on year, and revised its full-year forecast downward from ¥4.39 billion to ¥4.09 billion. Meanwhile, it revised its net profit forecast upward from ¥3.0 billion to ¥3.23 billion.
山陽電気鉄道 announced its earnings during afternoon trading on 12 November 2026. Consolidated ordinary profit for cumulative second quarter (April–September) was ¥2.7 billion, down 5.6% year on year. Although the main text does not specify revenue or operating profit, the decline in ordinary profit was notable.
At the same time, the full-year ordinary profit outlook was revised downward from the previous forecast of ¥4.39 billion to ¥4.09 billion, with the expected decline from the previous fiscal year set to widen. In contrast, the net profit forecast was revised upward from ¥3.0 billion to ¥3.23 billion, narrowing the expected decline.
For the latest three-month period, consolidated ordinary profit for July–September fell 34.2% year on year to ¥950 million, while the operating margin on sales declined from 15.3% to 10.9%. For the outlook, consolidated ordinary profit for October–March (second half) was estimated at ¥1.39 billion, down 20.9% year on year.