Tokyotokeiba (9672) investor relations material

Executive summary

• Net sales rose 3.3% year-over-year to ¥41,758 million, driven by growth in SPAT4 online betting and warehouse leasing income, with operating profit up 10.7% to ¥15,414 million and profit attributable to owners of parent up 7.8% to ¥10,461 million, despite impairment losses from facility closures.

• Growth was led by robust online betting, new facility operations, and strong warehouse leasing, while amusement park visitors declined.

Financial highlights

• Ordinary profit increased 11.0% year-over-year to ¥15,448 million; gross profit improved 9.9% to ¥17,677 million.

• Basic earnings per share rose to ¥392.22 from ¥359.94 year-over-year.

• Total assets increased by ¥3,379 million to ¥125,785 million; net assets up by ¥3,760 million.

• Cash and deposits rose by ¥1,426 million, but cash and cash equivalents at year-end decreased to ¥14,243 million from ¥15,867 million.

• Equity ratio improved to 75.3% from 74.4% year-over-year.

Outlook and guidance

• FY12/26 net sales forecasted at ¥42,597 million (+2.0% YoY); operating profit at ¥15,827 million (+2.7% YoY); profit attributable to owners of parent at ¥10,792 million (+3.2% YoY).

• Growth expected from SPAT4, higher amusement park visitors, and increased warehouse occupancy; segment profit growth anticipated across all business lines, led by public competition.

• Medium-term plan targets over ¥48 billion in net sales and ¥19 billion in operating profit by 2030, focusing on urban entertainment racecourse redevelopment and digital innovation.