Tokyu Corporation
FY2026 Q2 Earnings Presentation Materials
For fiscal 2026 Q2, operating revenue was 540.1 billion yen and operating income was 54.2 billion yen. Operating income decreased year-over-year; ordinary income was 53.3 billion yen, and interim net income attributable to owners of the parent was 58.4 billion yen. Full-year forecasts for fiscal 2026 are operating revenue of 1,135.0 billion yen, EBITDA of 227.9 billion yen, and net interest-bearing debt/EBITDA of 7.3x. The company will promote rail corridor development and capital reallocation to balance internal growth and improved capital efficiency.
Key Figures
- Operating Revenue: 5,401 (hundred million yen) / Year-over-Year +211
- Operating Income: 542 (hundred million yen) / Year-over-Year -45
- Interim Net Income Attributable to Owners of Parent: 584 (hundred million yen) / Year-over-Year +22
AI要約
Performance Overview
Tokyu Corporation recorded operating revenue of 540.1 billion yen and operating income of 54.2 billion yen in this fiscal second quarter. Profit declined compared with the same period last year. For the full year, the company expects operating revenue of 1,135.0 billion yen and EBITDA of 227.9 billion yen. The business is composed of segments such as Transportation, Real Estate, Lifestyle Services, Hotels, and Retail; improving profitability will require rail corridor development and fixed-cost containment.
Outlook and Impact for Investors
The company will advance capital policy and portfolio optimization based on the medium-term plan. To correct NAV discount, it aims to expand income gains and improve capital efficiency through asset disposals, and to promote internal growth via recycling and reinvestment of operating funds. Financial leverage will be kept from becoming excessive while targeting improved ROE.
Revenue Trend
Operating Profit Trend
Segment Revenue Breakdown
Segment Operating Profit
Full-Year Guidance vs Actuals
Tokyu Corporation
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