Fiscal Year Ending March 2026 Third Quarter Financial Summary〔Japanese GAAP〕(Consolidated)

Overview of Business Results

During the cumulative consolidated third quarter period of the fiscal year ending March 2026, operating revenue was 225,741 million yen (3.5% decrease YoY), operating income was 36,250 million yen (0.8% decrease YoY), and ordinary income was 35,111 million yen (2.2% decrease YoY). Meanwhile, net income attributable to owners of parent for the quarter increased to 25,563 million yen (2.7% increase YoY). By segment, the transportation business performed well with operating revenue of 73,091 million yen (5.8% increase YoY) and operating income of 12,278 million yen (5.2% increase YoY), supported by fare revisions and effects of the Osaka-Kansai Expo. The real estate business saw a decline due to a reactionary drop in condominium sales with operating revenue of 83,802 million yen (17.9% decrease YoY) and operating income of 14,362 million yen (20.4% decrease YoY). The distribution business had operating revenue of 43,222 million yen (1.8% increase YoY) but operating income slightly decreased to 2,213 million yen (2.0% decrease YoY). The leisure and service segment achieved a significant increase with operating revenue of 35,235 million yen (15.0% increase YoY) and operating income of 7,253 million yen (51.3% increase YoY), driven by the Osaka-Kansai Expo and inbound demand. Other businesses also improved with operating revenue of 4,420 million yen (17.9% increase YoY) and operating income of 297 million yen (compared to operating loss in the previous year).

Financial Position and Outlook

At the end of the third quarter of the fiscal year ending March 2026, total assets stood at 894,610 million yen (4.0% increase from the previous fiscal year-end), liabilities were 557,020 million yen (2.1% increase), and net assets were 337,589 million yen (7.3% increase), resulting in an equity ratio of 36.8%. Capital surplus and retained earnings are showing an increasing trend despite the impact of treasury stock acquisition and cancellation. There is no change to the full-year consolidated earnings forecast, which anticipates operating revenue of 325,400 million yen (3.8% increase YoY), operating income of 46,200 million yen (9.8% increase YoY), and net income attributable to owners of parent of 32,600 million yen (15.3% increase YoY).