Financial Summary for the Third Quarter of Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Business Results

Consolidated operating revenue for the third quarter of the fiscal year ending March 2026 was JPY 388.218 billion, a 1.9% increase compared to the same period last year. By segment, the real estate business saw revenue growth due to asset liquidity, and the hotel and leisure business experienced revenue increases driven by inbound demand at domestic hotels; however, operating income declined due to renovation work at overseas hotels. The urban transportation and railway business recorded increased revenue due to higher outing demand, but operating income fell due to increased capital expenditures. Operating income was JPY 44.898 billion, an 11.0% decrease YoY, and net income attributable to owners of parent was JPY 32.091 billion, a 64.9% decrease YoY.

Financial Position and Earnings Guidance

Total assets stood at JPY 1,641.842 billion, down JPY 192.277 billion from the previous consolidated fiscal year-end, primarily due to a reduction in cash and deposits. Net assets decreased by JPY 18.785 billion to JPY 548.342 billion, while the equity ratio rose 2.4 points to 33.1%. The full-year consolidated earnings forecast has been revised, anticipating operating revenue of JPY 511.0 billion (43.3% decrease YoY), operating income of JPY 42.0 billion (85.7% decrease YoY), and net income attributable to owners of parent of JPY 29.0 billion (88.8% decrease YoY).