FY2026 Q3 Earnings Presentation

Overview of FY2026 Q3 Financial Results

For the cumulative Q3 period of FY2026, operating revenue was JPY 360 billion (111.8% YoY increase), operating income was JPY 62.7 billion (126.3% YoY increase), ordinary income was JPY 63.0 billion (126.2% YoY increase), and net income attributable to owners of parent for the quarter was JPY 40.8 billion (109.2% YoY increase). The main factors driving revenue growth were increased railway passenger transportation income following fare revisions and higher real estate sales income. EBITDA also increased by 18.4% YoY, indicating a strengthened earnings base.

Segment Performance and Full-Year Earnings Forecast

By segment, revenue and profit increased in transportation services, real estate & hotels, distribution & dining, construction, and business services. Particularly, the operating income of transportation services significantly rose by 150.0% YoY. The full-year earnings forecast anticipates operating revenue of JPY 489.1 billion (107.6% YoY increase), operating income of JPY 73.1 billion (123.9% YoY increase), ordinary income of JPY 72.3 billion (121.4% YoY increase), and net income attributable to owners of parent of JPY 46.0 billion (105.4% YoY increase). There is no revision from the forecast announced on November 5, 2025.