Fiscal Year 2026 Financial Results Overview

Overview of FY2025 Results

In FY2025, operating revenue increased to JPY 1,086.1 billion (YoY +3.0%). Operating profit was JPY 103.1 billion (YoY -0.3%), remaining at almost the same level as the previous year. Net income attributable to owners of the parent increased to JPY 87.0 billion (YoY +9.3%) and recorded an increase. All segments performed steadily, centered on the hotel and resort business, with increased profits due to higher room rates, and the increase in profit from equity-method investments contributed positively. By segment, the transportation business saw revenue growth due to increased transportation volume, and the hotel and resort segment saw higher profits due to rising room rates. Conversely, the real estate sales business recorded a decrease in profit due to the impact of large property sales in the previous year.

2026 Earnings Forecast and Shareholder Return Policy

For FY2026, we expect operating revenue of JPY 11,400 billion (YoY +5.0%), operating profit of JPY 1,100 billion (YoY +6.6%), and net income attributable to owners of the parent of JPY 900 billion (YoY +3.4%). We anticipate revenue and profit growth across each business, especially expecting increased demand for domestic travel and inbound tourism in the hotel and resort segment. The dividend is planned to be JPY 32 per share annually (an increase of JPY 2), and share buyback will be implemented up to JPY 20 billion and 13 million shares. The total return ratio is targeted at around 40%, aiming to sustain stable dividends and increase dividends in line with profit growth.