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Nankai Electric Railway, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 8%, Oct-Dec Ordinary Profit Increases by 15%

Thu Jan 29, 2026 2:00 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 in the afternoon session on January 29th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 8.3% from the same period last year, reaching 33.1 billion yen. Progress toward the full-year plan of 35.9 billion yen was 92.4%, also surpassing the five-year average of 78.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 44.5% from the same period last year to 2.74 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 14.9% from the same period last year, reaching 12.4 billion yen. The operating profit margin rose from 17.2% in the same period last year to 18.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 184,089 26,760 25,630 21,904 193.5 87.4 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 187,114 29,206 30,624 20,210 178.5 86.1 Jan 30, 2025 J-GAAP
Apr - Dec, 2025 195,392 34,171 33,154 22,258 200.2 92.4 Jan 29, 2026 J-GAAP
YoY +4.4% +17.0% +8.3% +10.1% +12.2%

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 137,208 16,399 15,750 9,946 87.9 22.50 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 144,884 16,817 15,159 8,516 78.4 25 Oct 31, 2025 J-GAAP
YoY +5.6% +2.5% -3.8% -14.4% -10.7%

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 271,400 38,500 35,900 22,600 208.1 50 Oct 31, 2025 J-GAAP
YoY +4.1% +11.1% +0.9% +0.5% +4.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jul - Sep, 2025 63,803 10,388 9,542 6,485 57.8 16.3 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 68,876 12,488 12,413 8,174 73.5 18.1 Jan 29, 2026 J-GAAP
YoY +8.4% +14.0% +14.9% +6.7% +8.7%

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