Odakyu Electric Railway (9007) Q3 2025 earnings summary

Executive summary

• Revenue from operations for the first three quarters of FY2024 rose 6.4% year-over-year to ¥312.5 billion, with operating income up 10.5% to ¥44.7 billion and net income attributable to owners of parent up 39.8% to ¥43.5 billion.

• Comprehensive income increased 19.0% year-over-year to ¥43,954 million for the nine-month period.

Financial highlights

• Transportation revenue increased 1.7% year-over-year, Real Estate up 13.8%, and Life Services up 8.0%.

• Operating income grew across all segments, with Life Services up 46.2% and Transportation up 5.9%.

• Ordinary profit for the nine months was ¥45,032 million, up 11.0% year-over-year.

• Basic earnings per share for the nine months was ¥122.66, compared to ¥85.65 in the prior year period.

• Total assets as of December 31, 2024, were ¥1,307,734 million, with an equity ratio of 36.1%.

Outlook and guidance

• FY2024 revenue forecast is ¥424.0 billion (+3.5% year-over-year), with operating income projected at ¥51.0 billion (+0.5%).

• Net income guidance is ¥44.0 billion, down 46.0% from FY2023 due to one-time gains in the prior year.

• Dividend forecast for the year is ¥30.00 per share, unchanged from previous guidance.

• Interest-bearing debt expected to rise to ¥667.1 billion, with ROE forecast at 10.1%.