Odakyu Electric Railway (9007) investor relations material

Executive summary

• Operating revenue for FY3/2027 1Q rose 3.5% year-over-year to ¥101.7 billion, driven by increased passenger numbers and fare revisions in Transportation, and improved performance in Stores, Retail, and Restaurants.

• Operating profit increased 6.9% year-over-year to ¥16.3 billion, while profit attributable to owners of parent declined 16.6% to ¥11.6 billion due to the absence of prior year extraordinary gains.

• Comprehensive income increased 43.7% year-over-year to ¥16.1 billion.

• Full-year forecasts remain unchanged, projecting continued revenue and profit growth, mainly from Transportation and Real Estate.

Financial highlights

• FY3/2027 1Q operating revenue: ¥101.7 billion (+3.5% YoY); operating profit: ¥16.3 billion (+6.9% YoY); profit attributable to owners of parent: ¥11.6 billion (-16.6% YoY).

• Ordinary profit rose 1.1% YoY to ¥16.2 billion.

• Basic earnings per share for the quarter were ¥33.70, down from ¥40.37 in the prior year.

• Total assets increased by ¥5.0 billion to ¥1,398.5 billion; equity ratio at 36.3%.

Outlook and guidance

• FY3/2027 full-year forecasts: operating revenue ¥461.3 billion (+10.2% YoY), operating profit ¥54.0 billion (+2.5% YoY), profit attributable to owners of parent ¥38.3 billion (+2.5% YoY).

• Basic earnings per share for the full year are forecast at ¥112.87.

• Revenue growth expected from higher passenger numbers, fare revisions, and increased real estate unit sales.

• No revisions to previously announced earnings or dividend forecasts.