Nankai Tatsumura Construction (1850) Q1 2026 earnings summary

Executive summary

• Operating revenue rose 5.0% year-over-year to ¥62,713 million for the quarter ended June 30, 2025, with operating income up 14.4% to ¥11,295 million, driven by increased inbound demand and the effects of EXPO 2025.

• Profit attributable to owners of parent increased 13.1% year-over-year to ¥7,599 million.

• Growth was supported by higher passenger numbers in transportation, increased hotel property revenue in real estate, and contributions from newly consolidated subsidiaries.

• Comprehensive income declined 3.6% year-over-year to ¥8,862 million.

Financial highlights

• Ordinary income rose 14.8% year-over-year to ¥11,199 million.

• Non-operating income increased 34.0% year-over-year, while non-operating expenses rose 26.9%.

• Extraordinary income and losses both declined sharply due to the absence of large one-time items from the previous year.

• Basic earnings per share for the quarter were ¥67.12, up from ¥59.33 a year earlier.

• Total assets increased to ¥991,863 million as of June 30, 2025, from ¥976,877 million at the previous fiscal year-end.

Outlook and guidance

• Full-year forecasts were revised upward, with operating revenue now expected at ¥271,200 million and operating income at ¥36,600 million, reflecting strong inbound demand and EXPO 2025 effects.

• EBITDA forecast raised to ¥66,400 million; ROE projected at 7.0%.

• Profit attributable to owners of parent is expected to decrease 3.5% year-over-year to ¥21,700 million.

• Basic earnings per share for the full year are forecast at ¥197.15, reflecting the impact of treasury share acquisition.

• Dividend forecast revised upward to ¥50.00 per share for the fiscal year ending March 31, 2026.