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Odakyu Electric Railway, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 1% Decrease

Thu Nov 13, 2025 3:30 pm JST Earnings

9007 Odakyu Electric Railway Co.,Ltd 【J-GAAP】

Earnings Report

Odakyu Electric Railway Co.,Ltd <9007> [TSE Prime] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 7.8% from the same period last year to 27.4 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 2.0%, from the previous forecast of 51.0 billion yen to 50.0 billion yen (compared to 50.4 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 0.9% decrease in profit.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 8.9% from the same period last year, reaching 22.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 11.4 billion yen, an increase of 0.5% compared to the same period last year. The operating profit margin rose from 12.2% in the same period last year to 12.7%.

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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 196,254 26,601 27,041 26,124 71.9 53.4 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 209,744 29,037 29,770 32,980 92.3 59.0 Nov 13, 2024 J-GAAP
Apr - Sep, 2025 198,448 28,034 27,459 23,069 66.8 54.9 Nov 13, 2025 J-GAAP
YoY -5.4% -3.5% -7.8% -30.1% -27.6%

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 200,000 27,000 27,000 21,000 60.8 25 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 198,448 28,034 27,459 23,069 66.8 25 Nov 13, 2025 J-GAAP
Revision Rate -0.8% +3.8% +1.7% +9.9% +9.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 425,000 53,000 51,000 35,000 101.4 50 May 13, 2025 J-GAAP
Mar, 2026 New 425,000 53,000 50,000 35,000 101.4 50 Nov 13, 2025 J-GAAP
Revision Rate 0.0% 0.0% -2.0% 0.0% 0.0%

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 212,956 22,394 20,704 18,978 53.9 25 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 226,552 24,966 22,541 11,931 34.6 25 Nov 13, 2025 J-GAAP
YoY +6.4% +11.5% +8.9% -37.1% -35.9%

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 50,000 35,000 101.4 50 Nov 13, 2025 J-GAAP
YoY +0.5% +3.1% -0.9% -32.6% -31.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 98,264 15,279 16,039 13,936 40.4 15.5 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 100,184 12,755 11,420 9,133 26.5 12.7 Nov 13, 2025 J-GAAP
YoY +0.0% +4.2% +0.5% +16.3% +20.3%

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