Tobu Railway (9001) Q1 2025 earnings summary

Executive summary

• Operating revenue for the three months ended June 30, 2024, was ¥149,914 million, down 4.7% year-over-year.

• Operating profit decreased 9.6% year-over-year to ¥21,396 million.

• Profit attributable to owners of parent declined 8.6% year-over-year to ¥14,891 million.

• Comprehensive income fell 27.0% year-over-year to ¥17,319 million.

Financial highlights

• Basic earnings per share for the quarter were ¥72.04, compared to ¥78.80 in the same quarter last year.

• Total assets as of June 30, 2024, were ¥1,690,664 million, down from ¥1,704,063 million at March 31, 2024.

• Net assets increased to ¥552,780 million from ¥541,713 million at the previous fiscal year-end.

• Equity ratio improved to 32.3% from 31.4% as of March 31, 2024.

Outlook and guidance

• Full-year operating revenue forecast for fiscal year ending March 31, 2025, is ¥639,000 million, up 0.5% year-over-year.

• Operating profit is projected at ¥62,000 million, up 16.1% year-over-year.

• Profit attributable to owners of parent is forecast at ¥43,000 million, up 10.7% year-over-year.

• Full-year basic earnings per share forecast is ¥208.01.

• Annual dividend forecast is ¥50.00 per share.