Keikyu Corporation
Notice Regarding Differences Between Consolidated Earnings Forecast and Actual Results for the Second Quarter (Interim)
Discloses differences between the previously announced forecast and actual results. Operating profit increased due to higher real estate rental income and reduced repair expenses. Ordinary income and net income attributable to owners of parent for the interim period also beat forecasts.
Key Figures
- Revenue from Operations: 149,199 million yen (vs. previous forecast -8,300 million yen / -5.3%)
- Operating Income: 18,765 million yen (vs. previous forecast +3,065 million yen / +19.5%)
- Ordinary Income: 19,314 million yen (vs. previous forecast +5,914 million yen / +44.1%)
AI要約
Overview of Performance
Keikyu Corporation announced that there were differences between the consolidated earnings forecast and actual results for the second quarter of the fiscal year ending March 2027. While revenue from operations fell short of the previous forecast, operating income, ordinary income, net income attributable to owners of parent for the interim period, and earnings per share all exceeded the prior forecast. Contributing factors included increased rental income from the real estate leasing business and reduced expenses such as repair costs in the railway business. In addition, gains on sales of investment securities from the disposal of cross-shareholdings boosted profits.
Impact on Shareholders and Outlook
The variance was mainly due to improvements in the cost structure and additional gains from the sale of investment securities, which is expected to have a positive impact on future performance outlooks. However, revenue from operations fell short of budgeted levels, so it will be necessary to continue monitoring demand-supply conditions and the effects of asset management.
Keikyu Corporation
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