Hankyu Hanshin Holdings (9042) Q3 2026 earnings summary

Executive summary

• Operating revenues for the nine months ended December 31, 2025, rose 9.6% year-over-year to ¥881,504 million, with operating profit up 20.1% to ¥111,243 million and profit attributable to owners of parent up 8.6% to ¥73,800 million.

• Growth was driven by strong performances in Sports, Travel, Urban Transportation, Hotel, and Real Estate segments, with notable contributions from the Hanshin Tigers' championship and Expo 2025-related demand.

• Comprehensive income for the period was ¥74,813 million, with comprehensive income attributable to owners of parent at ¥75,443 million.

Financial highlights

• Ordinary profit increased 18.0% year-over-year to ¥115,703 million for the nine-month period.

• Basic earnings per share for the nine months was ¥310.30, up from ¥284.05 in the prior year.

• Depreciation and amortization rose by ¥3.6 billion to ¥51.1 billion.

• Net interest-bearing debt increased by ¥153.9 billion to ¥1,375.6 billion.

• Total assets as of December 31, 2025, were ¥3,442,955 million, with net assets at ¥1,185,216 million and an equity-to-asset ratio of 31.6%.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2026, projects operating revenues of ¥1,200,000 million (up 8.4% year-over-year), operating profit of ¥127,400 million (up 14.9%), and profit attributable to owners of parent of ¥78,000 million (up 15.8%).

• Annual dividend forecast is ¥100.00 per share.

• Continued capital investments and proactive spending expected in Q4, with rising labor and material costs anticipated.