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Kobe Electric Railway, First Half Ordinary Profit Increases by 18%, Jul-Sep Ordinary Profit Increases by 39%

Wed Oct 29, 2025 3:30 pm JST Earnings

9046 Kobe Electric Railway Co.,Ltd. 【J-GAAP】

Earnings Report

Kobe Electric Railway Co.,Ltd. <9046> [TSE Prime] announced its financial results after the market closed on October 29th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 18.0% from the same period last year, reaching 1.27 billion yen. Progress toward the full-year plan of 1.59 billion yen was 80.3%, also surpassing the five-year average of 67.0%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 38.3% from the same period last year to 0.31 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 39.0% from the same period last year, reaching 0.45 billion yen. The operating profit margin improved from 8.6% in the same period last year to 10.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 10,924 1,157 922 754 93.9 67.9 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 10,965 1,289 1,082 783 97.5 68.1 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 11,465 1,566 1,277 881 111.4 80.3 Oct 29, 2025 J-GAAP
YoY +4.6% +21.5% +18.0% +12.5% +14.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 11,465 1,566 1,277 881 111.4 0 Oct 29, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 11,166 717 507 367 45.8 20 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 11,305 664 313 229 28.9 20 Oct 29, 2025 J-GAAP
YoY +1.2% -7.4% -38.3% -37.6% -36.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 22,313 1,859 1,358 1,024 127.5 10 May 13, 2024 J-GAAP
Mar, 2025 22,131 2,006 1,589 1,150 143.6 20 May 13, 2025 J-GAAP
Mar, 2026 Guidance 22,770 2,230 1,590 1,110 140.3 20 May 13, 2025 J-GAAP
YoY +2.9% +11.2% +0.1% -3.5% -2.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 5,416 464 328 246 30.6 8.6 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 5,604 731 633 447 55.7 13.0 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 5,562 -14 -126 -80 -10.0 -0.3 May 13, 2025 J-GAAP
Apr - Jun, 2025 5,782 973 821 578 73.1 16.8 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 5,683 593 456 303 38.3 10.4 Oct 29, 2025 J-GAAP
YoY +4.9% +27.8% +39.0% +23.2% +25.2%

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