Hankyu Hanshin Holdings (9042) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 FY2026 rose 18.3% year-over-year to ¥309.8 billion, with operating profit up 41.2% to ¥48.1 billion and ordinary profit up 14.9% to ¥48.8 billion.

• Profit attributable to owners of parent was ¥34.2 billion, nearly flat year-over-year due to higher income taxes.

• All major business segments reported revenue and profit growth, with Real Estate and Travel showing the largest gains.

Financial highlights

• Q1 FY2026 operating revenue: ¥309.8 billion (+18.3% YoY); operating profit: ¥48.1 billion (+41.2% YoY).

• Extraordinary income increased by ¥1.67 billion, mainly from a gain on sale of non-current assets.

• Depreciation and amortization rose to ¥16.8 billion (+¥1.3 billion YoY).

• Net interest-bearing debt increased to ¥1,316.4 billion.

• Equity ratio improved to 32.3% from 31.5% at the end of FY2025.

• Basic earnings per share for the quarter were ¥143.41.

• Total assets as of June 30, 2025, were ¥3,276,652 million, with net assets at ¥1,153,491 million.

• Comprehensive income for the quarter was ¥26,564 million, down from ¥41,006 million year-over-year, mainly due to a negative foreign currency translation adjustment.

Outlook and guidance

• FY2026 full-year revenue forecast raised to ¥1,200.0 billion (+0.8% vs. previous forecast), with operating profit forecast at ¥122.4 billion (+5.2%).

• Profit attributable to owners of parent forecast at ¥78.0 billion (+4.0% vs. previous forecast).

• All segments expected to see revenue and profit growth, led by Real Estate, Urban Transportation, and Travel.

• Annual dividend per share is forecast at ¥100, up from ¥60 in the previous year.