Tobu Railway (9001) Q3 2026 earnings summary

Executive summary

• Operating revenue for the nine months ended December 31, 2025, rose 3.8% year-over-year to ¥475,920 million, with operating profit down 3.9% to ¥58,203 million and profit attributable to owners of parent up 14.0% to ¥47,685 million.

• Comprehensive income surged 49.1% year-over-year to ¥65,778 million, reflecting strong gains in other comprehensive income.

Financial highlights

• Basic earnings per share increased to ¥242.19 from ¥205.18 year-over-year.

• Total assets grew to ¥1,833,776 million as of December 31, 2025, up from ¥1,753,200 million at the previous fiscal year-end.

• Net assets rose to ¥603,664 million, with the equity ratio improving to 32.6%.

• Operating expenses increased to ¥417,716 million, up from ¥397,887 million year-over-year.

• Extraordinary income rose sharply to ¥13,819 million, mainly from gains on sale of investment securities.

Outlook and guidance

• Full-year operating revenue is forecast at ¥653,000 million, up 3.4% year-over-year, with operating profit expected to decline 6.2% to ¥70,000 million.

• Profit attributable to owners of parent is projected at ¥52,000 million, a 1.3% increase, and basic EPS is forecast at ¥264.10.

• Annual dividend forecast revised upward to ¥67.50 per share.