Tobu Railway (9001) Q4 2025 earnings summary

Executive summary

• Operating revenue for FY ended March 31, 2025 was ¥631.5 billion, down 0.7% year-over-year.

• Operating profit rose 1.0% to ¥74.6 billion, and ordinary profit increased 0.9% to ¥72.7 billion year-over-year.

• Profit attributable to owners of parent grew 6.6% to ¥51.3 billion compared to the previous year.

• Comprehensive income declined 30.2% to ¥48.4 billion, mainly due to a decrease in other comprehensive income.

Financial highlights

• Basic earnings per share increased to ¥252.99 from ¥232.99 year-over-year.

• Return on equity was 9.4%, and the equity ratio stood at 31.6% as of March 31, 2025.

• Cash flows from operating activities were ¥90.1 billion, while investing activities used ¥86.8 billion.

• Cash and cash equivalents at year-end were ¥34.9 billion, up from ¥31.3 billion a year earlier.

Outlook and guidance

• FY2026 operating revenue is forecast at ¥640.0 billion, up 1.4% year-over-year.

• Operating profit is projected to decrease 8.9% to ¥68.0 billion, and profit attributable to owners of parent to fall 2.6% to ¥50.0 billion.

• Annual dividend forecast for FY2026 is ¥65.00 per share, up from ¥60.00 in FY2025.