Tobu Railway (9001) Q2 2025 earnings summary

Executive summary

• Operating revenue for the six months ended September 30, 2024, was ¥301,996 million, down 2.1% year-over-year.

• Operating profit decreased 1.6% year-over-year to ¥38,478 million.

• Profit attributable to owners of parent was ¥25,339 million, a 3.9% decrease compared to the same period last year.

• Comprehensive income dropped 38.1% year-over-year to ¥22,705 million.

Financial highlights

• Ordinary profit for the period was ¥37,374 million, down 2.2% year-over-year.

• Basic earnings per share for the six months was ¥123.18, compared to ¥127.59 in the prior year.

• Total assets as of September 30, 2024, were ¥1,700,399 million, slightly down from March 31, 2024.

• Equity ratio remained stable at 31.4% as of September 30, 2024.

Outlook and guidance

• Full-year operating revenue forecast is ¥639,000 million, up 0.5% year-over-year.

• Operating profit is projected at ¥68,000 million (down 8.0%), and profit attributable to owners of parent at ¥48,500 million (up 0.7%).

• Basic earnings per share for the full year is forecast at ¥235.78.

• Dividend forecast revised to ¥55.00 per share for the year ending March 31, 2025.