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Tokyu (9005) investor relations material
Tokyu Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating revenue for Q1 FY2027 rose 4.6% year-over-year to ¥273,467 million, driven by strong real estate sales and large property transactions.
Operating profit declined 2.8% year-over-year to ¥31,394 million due to higher expenses in real estate leasing and increased procurement costs in retail electricity.
Ordinary profit decreased 6.2% year-over-year to ¥33,369 million.
Profit attributable to owners of parent surged 43.4% year-over-year to ¥36,260 million, aided by lower income taxes despite higher interest expenses.
Comprehensive income more than doubled year-over-year, reaching ¥41,035 million.
Financial highlights
Net income per share increased to ¥63.85 from ¥44.02 year-over-year; EBITDA was ¥54.0 billion (+1.4% YoY).
Total assets as of June 30, 2026, were ¥2,948,759 million; equity ratio at 31.7%.
Dividend per share forecast for FY2027 is ¥32.00, up from ¥30.00 in FY2026.
Interest-bearing debt at Q1 end: ¥1,456.6 billion (+¥71.9 billion YoY).
Free cash flow improved to -¥14.8 billion from -¥47.2 billion YoY.
Outlook and guidance
Full-year FY2027 forecast: operating revenue ¥1,140,000 million (+5.0% YoY), operating profit ¥110,000 million (+6.6% YoY), profit attributable to owners of parent ¥90,000 million (+3.4% YoY), net income per share ¥158.15.
Upward revision from previous medium-term plan; growth expected in transportation and real estate segments.
Assumes continued recovery in passenger demand, rising rents, and increased hotel occupancy and ADR.
Dividend per share forecast increased to ¥32.00.
Ordinary profit is expected to decline 4.1% to ¥111,400 million.
- Revenue and profit rose year-over-year, with further growth and higher dividends forecast.9005
Q4 2026 - Profit up 8.4% on negative goodwill; outlook and dividend guidance raised.9005
Q3 2026 - Profit rose 13.7% YoY on a one-time gain, with full-year outlook revised upward.9005
Q2 2026 - Revenue and profit fell year-over-year, but strong hotel and life service segments drove outperformance.9005
Q1 2026 - Record 1H profit growth drives upward full-year guidance and increased shareholder returns.9005
Q2 2025 - Record Q1 profit growth, but full-year profit to fall on higher costs and fewer condo deliveries.9005
Q1 2025 - Record profit and higher dividends in FY 2024, with Shibuya redevelopment fueling future growth.9005
Q4 2025 - Record profit and revenue growth with robust outlook and stable dividends.9005
Q3 2025
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