Fiscal Year Ending March 2026 Q3 Earnings Presentation

Overview of Performance

Consolidated results for the third quarter of fiscal year ending March 2026 were operating revenue of 221.8 billion yen (0.3% decrease YoY), operating income of 30.4 billion yen (8.0% decrease YoY), and net income attributable to owners of parent for the quarter of 20.3 billion yen (11.6% decrease YoY). While hotel lodging demand remained robust, a decrease in the number of units sold in the real estate condominium business led to lower revenue and income. By segment, transportation, distribution, leasing, and hotel businesses posted revenue and profit increases, whereas real estate and condominium businesses experienced revenue and profit declines.

Outlook and Earnings Forecast

The full-year earnings forecast for fiscal year ending March 2026 anticipates operating revenue of 312.0 billion yen (6.8% increase YoY), operating income of 35.3 billion yen (6.7% decrease YoY), and net income attributable to owners of parent of 22.5 billion yen (0.4% increase YoY). Revenue gains are expected from higher room rates in the hotel business, while the real estate condominium business is expected to see a decrease due to a reactionary drop in large condominium sales and large-scale repairs in the real estate leasing business are expected to contribute to revenue increases but profit decreases. There has been no revision to the earnings forecast announced in October 2025.