Seibu Holdings Inc (9024) Q1 2026 earnings summary

Executive summary

• Operating revenue for the three months ended June 30, 2025, rose 5.6% year-over-year to ¥132.3 billion, driven by real estate securitization, inbound tourism, and price increases.

• Operating profit declined 7.6% year-over-year to ¥18.4 billion due to higher personnel and depreciation expenses.

• EBITDA decreased 3.6% year-over-year to ¥32.1 billion.

• Profit attributable to owners of parent fell 13.2% year-over-year to ¥13.5 billion.

• Results are ahead of internal forecasts announced in May 2025.

Financial highlights

• Operating revenue: ¥132.3 billion (+5.6% YoY); operating profit: ¥18.4 billion (−7.6% YoY); EBITDA: ¥32.1 billion (−3.6% YoY); ordinary profit: ¥17.2 billion (−11.9% YoY); net profit attributable to owners: ¥13.5 billion (−13.2% YoY).

• Comprehensive income decreased 22.8% year-over-year to ¥9,345 million.

• Basic earnings per share was ¥51.35, nearly flat from ¥51.53 a year earlier.

• Total assets as of June 30, 2025 were ¥1,641.0 billion, down ¥193.0 billion from March 31, 2025.

• Net assets stood at ¥551.7 billion, down ¥15.4 billion from the previous fiscal year-end.

Outlook and guidance

• No change to full-year forecasts; upward trends in inbound tourism and railway demand noted, but forecasts remain cautious due to deferred expenses and weather-related risks.

• FY2026 forecast: operating revenue ¥511.0 billion, operating profit ¥40.0 billion, net profit attributable to owners ¥26.0 billion.

• Hotel RevPAR and railway passenger numbers expected to continue growing moderately.