Financial Summary for the Second Quarter of the Fiscal Year Ending March 2027 (Interim) [Japanese GAAP] (Consolidated)

Overview of Results

For the second quarter of the fiscal year ending March 2027, Keifuku Electric Railroad Co.,Ltd. reported consolidated net sales of 7,454 million yen, a decrease of 2.6% year-over-year; operating income decreased 5.6% to 1,440 million yen; ordinary income decreased 5.9% to 1,439 million yen; and net income attributable to owners of parent for the interim period increased 26.7% year-over-year to 1,211 million yen. By segment, transportation saw revenue growth, leisure and service businesses experienced steady customer traffic, and real estate benefited from increased rental income and contributions from residential leasing. There is revised information reflecting the impact of a change in accounting policies.

Outlook and Dividends

The full-year forecast for the fiscal year ending March 2027 is net sales of 14,950 million yen, operating income of 2,040 million yen, ordinary income of 2,020 million yen, net income attributable to owners of parent of 1,840 million yen, and net income per share of 925.95 yen. The dividend is expected to be maintained at 20 yen for the fiscal year ending March 2027, consistent with the actual dividend of 20 yen for the fiscal year ended March 2026. The change in accounting policy has an impact, and active investment to expand the rental business should be noted as a potential source of future cash outflows.