Hankyu Hanshin Holdings (9042) Q4 2025 earnings summary

Executive summary

• Revenue and profit rose year-over-year, driven by increased condominium sales in Real Estate and a recovery in Urban Transportation and overseas travel, despite declines in Entertainment and International Transportation segments.

• Operating revenues rose 11.0% year-over-year to ¥1,106,854 million for the fiscal year ended March 31, 2025.

• Extraordinary income and losses normalized after prior-year one-time items, with profit attributable to owners of parent nearly flat year-over-year.

• Profit attributable to owners of parent slightly decreased by 0.6% year-over-year to ¥67,386 million.

Financial highlights

• Operating revenue increased by ¥109.2 billion (+11.0%) to ¥1,106.9 billion compared to FY2024.

• Business profit rose by ¥3.8 billion (+3.5%) to ¥112.1 billion year-over-year.

• EBITDA reached ¥179.2 billion, up ¥6.0 billion from FY2024.

• Basic earnings per share was ¥281.77, nearly flat year-over-year.

• Cash and cash equivalents at year-end were ¥56,014 million, up from ¥53,808 million.

Outlook and guidance

• FY2026 forecasts project operating revenue of ¥1,190.0 billion (+7.5%) and business profit of ¥118.0 billion (+5.2%).

• Operating profit is projected to increase 5.0% to ¥116,400 million, while ordinary profit is expected to be flat at ¥111,000 million.

• Profit attributable to owners of parent is expected to rise to ¥75.0 billion (+11.3%), with basic EPS of ¥315.57.

• Dividend per share to increase from ¥60 to ¥100, with a targeted total payout ratio of around 50%.