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Odakyu Electric Railway, 1% Increase in Ordinary Profit, Record High for The First Time in Two Years, Increased Previous Year's Dividend by 10 yen, This Fiscal Year to Increase Dividend by 10 yen
9007 Odakyu Electric Railway Co.,Ltd 【J-GAAP】
Earnings ReportOdakyu Electric Railway Co.,Ltd <9007> [TSE Prime] announced its financial results after the market closed on May 13th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 0.4% from the previous period to 50.4 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to grow by 1.0% to 51 billion yenExpected to reach record high profits for the first time in two years. This will be the fourth consecutive term of revenue growth.
At the same time, the company increased the annual dividend for the previous term from 30 yen to 40 yen (compared to 30 yen in the prior term), and has decided to increase the dividend this fiscal year to 50 yen, an increase of 10 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit dropped to 5.44 billion yen, a 46.1% decrease compared to the same period last year. The operating profit margin worsened from 8.9% in the same period last year to 6.1%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2023 | 395,159 | 26,601 | 25,119 | 40,736 | 112.1 | 21 | Apr 28, 2023 | J-GAAP |
| Mar, 2024 | 409,837 | 50,766 | 50,670 | 81,524 | 225.3 | 30 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 422,700 | 51,431 | 50,474 | 51,958 | 147.5 | 40 | May 13, 2025 | J-GAAP |
| YoY | +3.1% | +1.3% | -0.4% | -36.3% | -34.5% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 Guidance | 424,000 | 51,000 | 50,000 | 44,000 | 127.5 | 30 | Feb 13, 2025 | J-GAAP |
| Mar, 2025 Results | 422,700 | 51,431 | 50,474 | 51,958 | 147.5 | 40 | May 13, 2025 | J-GAAP |
| Revision Rate | -0.3% | +0.8% | +0.9% | +18.1% | +15.7% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2024 | 209,744 | 29,037 | 29,770 | 32,980 | 92.3 | 15 | Nov 13, 2024 | J-GAAP |
| Apr - Sep, 2025 Guidance | 200,000 | 27,000 | 27,000 | 21,000 | 60.8 | 25 | May 13, 2025 | J-GAAP |
| YoY | -4.6% | -7.0% | -9.3% | -36.3% | -34.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 409,837 | 50,766 | 50,670 | 81,524 | 225.3 | 30 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 422,700 | 51,431 | 50,474 | 51,958 | 147.5 | 40 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 425,000 | 53,000 | 51,000 | 35,000 | 101.4 | 50 | May 13, 2025 | J-GAAP |
| YoY | +0.5% | +3.1% | +1.0% | -32.6% | -31.3% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2024 | 116,204 | 10,343 | 10,092 | 50,414 | 139.3 | 8.9 | May 14, 2024 | J-GAAP |
| Apr - Jun, 2024 | 109,596 | 16,798 | 18,407 | 25,124 | 70.2 | 15.3 | Aug 9, 2024 | J-GAAP |
| Jul - Sep, 2024 | 100,148 | 12,239 | 11,363 | 7,856 | 22.0 | 12.2 | Nov 13, 2024 | J-GAAP |
| Oct - Dec, 2024 | 102,726 | 15,638 | 15,262 | 10,506 | 29.6 | 15.2 | Feb 13, 2025 | J-GAAP |
| Jan - Mar, 2025 | 110,230 | 6,756 | 5,442 | 8,472 | 24.1 | 6.1 | May 13, 2025 | J-GAAP |
| YoY | -5.1% | -34.7% | -46.1% | -83.2% | -82.7% |
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