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Nankai Electric Railway, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 14%, Dividend Revised Upward by 10 Yen

Wed Jul 30, 2025 3:30 pm JST Earnings

9044 Nankai Electric Railway Co.,Ltd. 【J-GAAP】

Earnings Report

Nankai Electric Railway Co.,Ltd. <9044> [TSE Prime] announced its financial results after the market closed on July 30th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending March 2026 (April to June) increased 14.8% from the same period last year, reaching 11.1 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 13.5%, from the previous forecast of 29.6 billion yen to 33.6 billion yen (compared to 35.5 billion yen in the previous period), and the declining rate is expected to decrease from 16.8% to 5.5%.

At the same time, the April to September period (first half) consolidated ordinary profit has been revised upward 14.6%, from the previous forecast of 15.7 billion yen to 18.0 billion yen (compared to 19.8 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 20.8% to 9.2%.

In light of the strong performance, the dividend for the first half of this fiscal year has been increased from the original plan of 20 yen to 25 yen, and the dividend for the second half has also been revised upwards from the original plan of 20 yen to 25 yen. The annual dividend will be 50 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from April to June (1Q), the operating profit margin rose from 16.5% in the same period last year to 18.0%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 54,845 6,827 6,603 4,235 37.4 49.8 Aug 1, 2023 J-GAAP
Apr - Jun, 2024 59,722 9,876 9,754 6,718 59.3 49.2 Jul 31, 2024 J-GAAP
Apr - Jun, 2025 62,713 11,295 11,199 7,599 67.1 62.2 Jul 30, 2025 J-GAAP
YoY +5.0% +14.4% +14.8% +13.1% +13.1%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 124,600 17,000 15,700 11,100 101.2 20 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 New 127,400 19,300 18,000 12,600 114.9 25 Jul 30, 2025 J-GAAP
Revision Rate +2.2% +13.5% +14.6% +13.5% +13.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 266,700 32,600 29,600 18,900 173.4 40 Apr 30, 2025 J-GAAP
Mar, 2026 New 271,200 36,600 33,600 21,700 199.0 50 Jul 30, 2025 J-GAAP
Revision Rate +1.7% +12.3% +13.5% +14.8% +14.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 123,579 18,256 19,822 12,550 110.8 17.50 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 Guidance 127,400 19,300 18,000 12,600 114.9 25 Jul 30, 2025 J-GAAP
YoY +3.1% +5.7% -9.2% +0.4% +3.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 241,594 30,820 29,312 23,926 211.3 35 Apr 30, 2024 J-GAAP
Mar, 2025 260,787 34,655 35,572 22,496 198.7 40 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 271,200 36,600 33,600 21,700 199.0 50 Jul 30, 2025 J-GAAP
YoY +4.0% +5.6% -5.5% -3.5% +0.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 59,722 9,876 9,754 6,718 59.3 16.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 63,857 8,380 10,068 5,832 51.5 13.1 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 63,535 10,950 10,802 7,660 67.7 17.2 Jan 30, 2025 J-GAAP
Jan - Mar, 2025 73,673 5,449 4,948 2,286 20.2 7.4 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 62,713 11,295 11,199 7,599 67.1 18.0 Jul 30, 2025 J-GAAP
YoY +5.0% +14.4% +14.8% +13.1% +13.1%

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