Seibu Holdings Inc (9024) Q3 2026 earnings summary

Executive summary

• Operating revenue for the nine months ended December 31, 2025, was ¥388.2 billion, up 1.9% year-over-year, driven by property securitization, inbound tourism, and increased railway demand.

• Operating profit declined by 11.0% year-over-year to ¥44.8 billion due to higher personnel and other expenses, including depreciation from capital investments.

• Profit attributable to owners of parent dropped 64.9% year-over-year to ¥32.1 billion, reflecting the absence of prior year extraordinary gains.

• EBITDA decreased 4.8% year-over-year to ¥86.7 billion.

• Treasury share buyback completed and retired, reducing total shares outstanding.

Financial highlights

• Operating revenue: ¥388.2 billion (+1.9% year-over-year).

• Operating profit: ¥44.8 billion (−11.0% year-over-year).

• EBITDA: ¥86.7 billion (−4.8% year-over-year).

• Profit attributable to owners of parent: ¥32.1 billion (−64.9% year-over-year, due to prior year’s one-time gain).

• Total assets: ¥1,641.8 billion; equity-to-asset ratio: 33.1%.

Outlook and guidance

• FY2026 operating revenue forecast: ¥511.0 billion (unchanged from initial forecast, up 43.3% year-over-year).

• Operating profit forecast: ¥42.0 billion (+¥2.0 billion vs. initial forecast, down 85.7% year-over-year).

• Profit attributable to owners of parent forecast: ¥29.0 billion (+¥3.0 billion vs. initial forecast, down 88.8% year-over-year).

• Dividend forecast for FY ending March 31, 2026, is ¥40.00 per share.

• Upward revisions reflect strong transportation revenue, cost controls, and non-operating/extraordinary income.