Fiscal 2025 Third Quarter Financial Results (Supplementary Materials for the Q3 Financial Summary for Fiscal Year Ending March 2026)

Overview of Financial Results

Consolidated results for the third quarter of fiscal 2025 recorded operating revenue of 1,339.4 billion yen (7.5% YoY increase), operating income of 197.1 billion yen (12.4% YoY increase), ordinary income of 184.7 billion yen (12.5% YoY increase), and net income attributable to owners of parent of 121.0 billion yen (5.5% YoY increase), achieving five consecutive terms of revenue and profit growth. Both operating revenue and profit items reached all-time highs. On a standalone basis, operating revenue was 800.7 billion yen and operating income was 146.9 billion yen, also marking year-over-year growth in revenue and profit.

Segment Performance and Factors for Increase/Decrease

The Mobility, Retail, and Real Estate segments recorded year-over-year increases in revenue and profit driven by the Osaka-Kansai Expo and increased inbound demand. In Real Estate, the effects of urban development projects and strong performance in hotel and shopping center operations contributed positively. Meanwhile, the Travel & Regional Solutions segment saw increased revenue in the solution business but a decline in tourism business sales resulting in revenue increase but profit decrease. Transported passenger kilometers remained firm at 43,407 million kilometers (103.8% YoY).

Financial Position and Shareholder Returns

Consolidated balance sheet shows total assets of 3,848.6 billion yen (a 96.3 billion yen increase YoY) and net assets of 1,316.2 billion yen (a 36.0 billion yen increase YoY). The equity ratio stands at 30.9%. The annual dividend forecast remains unchanged at 90.5 yen per share. Capital expenditures are planned at 144.9 billion yen consolidated, representing a 2.9% year-over-year increase.