keio (9008) Q3 2025 earnings summary

Executive summary

• Operating revenues for FY2024 3Q rose 13.9% year-over-year to 334.8 billion yen, with all segments posting revenue growth; operating profit increased 25.5% to 49.5 billion yen, and profit attributable to owners of parent surged 54.5% to 39.1 billion yen.

• Revenue and profit exceeded forecasts in most segments, driven by strong property sales, increased railway passengers, and robust hotel performance.

• Comprehensive income increased to 41.3 billion yen from 35.4 billion yen year-over-year.

• Full-year forecasts remain unchanged: operating revenues of 470 billion yen, operating profit of 55 billion yen, and profit attributable to owners of parent of 41 billion yen; annual dividend planned at 100 yen per share.

• Major business restructuring completed, including establishment and merger of subsidiaries.

Financial highlights

• Operating revenues: 334.8 billion yen (up 13.9% YoY); operating profit: 49.5 billion yen (up 25.5% YoY); EBITDA: 73.5 billion yen (up 18.9% YoY).

• Profit attributable to owners of parent: 39.1 billion yen (up 54.5% YoY); basic EPS: 321.41 yen.

• Ordinary profit for the nine months was 49.1 billion yen, up 24.7% YoY.

• Total assets increased to 1,102.5 billion yen, equity ratio improved to 38.0%.

• Extraordinary income of 1.8 billion yen (mainly from gains on sale of non-current assets); extraordinary loss decreased to 0.9 billion yen.

Outlook and guidance

• FY2024 full-year guidance unchanged: operating revenues 470 billion yen (+15.0% YoY), operating profit 55 billion yen (+25.5% YoY), profit attributable to owners of parent 41 billion yen (+40.2% YoY), basic EPS 335.77 yen.

• 4Q forecast: operating revenues 135.1 billion yen, operating profit 5.4 billion yen.

• Annual dividend of 100 yen per share planned.