Keisei Electric Railway Co. (9009) investor relations material

Executive summary

• Operating revenue rose 4.0% year-over-year to ¥86,639 million for the three months ended June 30, 2026, with operating profit up 19.2% to ¥12,044 million and ordinary profit up 27.3% to ¥19,965 million.

• Profit attributable to owners of parent increased 21.2% year-over-year to ¥15,410 million.

• Growth was driven by increased demand for transportation to/from Narita Airport, higher inbound tourism, and organizational restructuring, including the merger of the bus business.

Financial highlights

• Comprehensive income for the quarter was ¥10,910 million, down 34.2% year-over-year due to a decline in other comprehensive income.

• Basic earnings per share rose to ¥31.96 from ¥26.37 year-over-year.

• Assets increased to ¥1,208,586 million, up 2.3% year-over-year, with net assets at ¥580,386 million, up 0.8%.

• Liabilities rose 3.6% year-over-year to ¥628,199 million, mainly due to higher interest-bearing debt.

Outlook and guidance

• Full-year forecast for FY2027 maintained: operating revenue ¥359,800 million (+8.2% YoY), operating profit ¥31,000 million (–8.8%), ordinary profit ¥50,500 million (–13.8%), profit attributable to owners of parent ¥39,300 million (–18.2%), and EPS ¥81.49.

• Dividend forecast for FY2027 is ¥22.00 per share, unchanged from prior guidance.