Hankyu Hanshin Holdings (9042) Q2 2026 earnings summary

Executive summary

• Revenue and profit rose in H1 FY2026, driven by strong Sports business (Hanshin Tigers' championship), increased overseas travel, robust Urban Transportation and Hotel demand linked to Expo 2025, and higher condominium sales in Real Estate.

• Operating revenues for the six months ended September 30, 2025, rose 12.0% year-over-year to ¥598,833 million, with operating profit up 25.9% to ¥84,075 million and ordinary profit up 20.1% to ¥85,135 million.

• Profit attributable to owners of parent increased 5.9% year-over-year to ¥53,875 million.

• Basic earnings per share for the period were ¥226.28, up from ¥212.36 in the prior year.

Financial highlights

• H1 FY2026 operating revenue: ¥598.8 billion, up 12.0% year-over-year; business profit: ¥84.7 billion, up 25.5%.

• Profit attributable to owners: ¥53.9 billion, up 5.9% year-over-year.

• EBITDA for H1 FY2026: ¥101.6 billion; net interest-bearing debt: ¥1,285.6 billion.

• Extraordinary losses increased due to provision for loss on removal of property and equipment.

• Total assets as of September 30, 2025, reached ¥3,346,333 million, up from ¥3,283,453 million at March 31, 2025.

Outlook and guidance

• FY2026 full-year revenue forecast at ¥1,200.0 billion, unchanged from July; business profit forecast raised to ¥129.0 billion (+4.0% year-over-year).

• Full-year operating revenues are forecast at ¥1,200,000 million, up 8.4% year-over-year.

• Operating profit is projected to rise 14.9% to ¥127,400 million, with profit attributable to owners of parent expected to increase 15.8% to ¥78,000 million.

• Full-year basic earnings per share forecast at ¥328.14.

• ROE projected at 7.4%; EBITDA forecast at ¥201.0 billion.