keio (9008) Q2 2026 earnings summary

Executive summary

• Operating revenues for FY2025 2nd quarter reached ¥230.6 billion, up 7.7% or ¥16.4 billion year-over-year, with growth in all segments, especially Real Estate Sales, Construction, and Railways.

• Operating profit was ¥31.4 billion, down 0.8% or ¥0.2 billion year-over-year, and profit attributable to owners of parent was ¥21.7 billion, down 13.5% or ¥3.4 billion year-over-year, mainly due to higher costs in Transportation and Hotels.

• Comprehensive income increased 27.1% year-over-year to ¥29,596 million.

• Despite revenues falling short of plan due to revised property sale timing, strong performance in most segments led to a ¥0.8 billion increase in operating profit versus plan.

Financial highlights

• Operating revenues: ¥230.6 billion (up ¥16.4 billion or 7.7% YoY); operating profit: ¥31.4 billion (down ¥0.2 billion or 0.8% YoY); profit attributable to owners of parent: ¥21.7 billion (down ¥3.4 billion or 13.5% YoY).

• EBITDA: ¥48.2 billion (up ¥0.6 billion YoY); depreciation and amortization: ¥16.6 billion (up ¥0.9 billion YoY).

• Ordinary profit for the period was ¥30,689 million, a 1.7% decrease year-over-year.

• Basic earnings per share for the six months was ¥183.67, down from ¥205.76 in the prior year.

• Total assets as of September 30, 2025, were ¥1,136,663 million, with net assets at ¥438,471 million.

Outlook and guidance

• Full-year operating revenue forecast maintained at ¥502.0 billion, up 10.8% year-over-year; operating profit forecast raised to ¥51.0 billion (down 5.8% YoY), and profit attributable to owners of parent to ¥42.0 billion (down 6.7% YoY).

• Basic earnings per share for the full year is forecast at ¥355.13.

• Annual dividend forecast increased to ¥110.0 per share (up ¥5.0), including a special dividend; market purchase of treasury shares up to ¥10 billion planned, with all shares to be cancelled.

• 5-for-1 stock split scheduled with March 31, 2026 as record date and effective April 1, 2026, to enhance share liquidity and expand the shareholder base.