Hankyu Hanshin Holdings (9042) Q1 2027 earnings summary

Executive summary

• Record Q1 FY2027 operating revenue of ¥339,048m (+9.5% YoY), operating profit of ¥49,505m (+2.9%), ordinary profit of ¥52,303m (+7.1%) and parent-attributable profit of ¥36,800m (+7.6%).

• Growth was led by condominium sales and strong Sports performance; higher Urban Transportation costs and weaker Travel results offset part of the gains.

• Basic EPS increased to ¥156.18 from ¥143.41 YoY.

Financial highlights

• Business profit was ¥50,134m, up ¥1,864m (+3.9%) YoY; defined as operating profit plus equity-method gains or losses related to overseas business investments and other items.

• Equity-method profit contribution to non-operating income increased ¥2,814m YoY; interest expense rose ¥1,114m to ¥4,722m.

• Comprehensive income rose to ¥40,159m from ¥26,564m YoY.

Segment performance

• Real Estate revenue rose 24.8% to ¥128,120m and operating profit increased ¥5,405m to ¥28,077m, led by condominium sales; Leasing and Others revenue and profit declined.

• Urban Transportation revenue fell 1.9% to ¥52,833m and operating profit declined 12.7% to ¥10,503m; rail ridership was steady as labor, depreciation and other expenses increased.

• Entertainment revenue increased 8.9% to ¥29,329m and operating profit rose 11.9% to ¥9,127m, supported by Hanshin Tigers merchandise and higher Stage performance revenue.

• Travel revenue declined 1.0% to ¥80,433m and operating profit fell 48.9% to ¥2,701m; ICT revenue rose 10.4% to ¥16,115m while profit decreased to ¥155m as expenses increased.

• International Transportation revenue grew 9.9% to ¥28,863m and operating profit increased to ¥726m from ¥211m, with Japan air-freight recovery and stable regional operations.