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Keifuku Electric Railroad, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 7%, Exceeds Full-Year Plan

Fri Feb 6, 2026 4:30 pm JST Earnings

9049 Keifuku Electric Railroad Co.,Ltd. 【J-GAAP】

Earnings Report

Keifuku Electric Railroad Co.,Ltd. <9049> [TSE Std] announced its financial results after the market closed on February 6th (16:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 7.2% from the same period last year, reaching 2.28 billion yen. Progress toward the full-year plan of 2.10 billion yen is 108.8%, already exceeding the target and also exceeding the five-year average of 101.9%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 0.18 billion yen (compared to a profit of 0.19 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 10.3% from the same period last year, reaching 0.75 billion yen. The operating profit margin rose from 18.3% in the same period last year to 19.9%.

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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 10,843 1,869 1,891 1,436 722.9 97.2 Feb 6, 2024 J-GAAP
Apr - Dec, 2024 11,027 2,122 2,131 1,299 654.0 91.7 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 11,420 2,279 2,285 1,438 724.0 108.8 Feb 6, 2026 J-GAAP
YoY +3.6% +7.4% +7.2% +10.7% +10.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 7,109 532 567 582 292.9 20 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 7,019 532 567 582 292.9 20 Feb 6, 2026 J-GAAP
Revision Rate -1.3% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 14,760 2,060 2,100 1,540 775.0 20 Nov 7, 2025 J-GAAP
Mar, 2026 New 14,670 2,060 2,100 1,540 775.0 20 Feb 6, 2026 J-GAAP
Revision Rate -0.6% 0.0% 0.0% 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 7,161 861 876 849 427.3 20 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 7,019 532 567 582 292.9 20 Feb 6, 2026 J-GAAP
YoY -2.0% -38.2% -35.3% -31.4% -31.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 14,042 1,913 1,945 2,089 1,051.4 20 May 10, 2024 J-GAAP
Mar, 2025 14,459 2,302 2,325 1,736 873.8 20 May 9, 2025 J-GAAP
Mar, 2026 Guidance 14,670 2,060 2,100 1,540 775.0 20 Feb 6, 2026 J-GAAP
YoY +1.5% -10.5% -9.7% -11.3% -11.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 3,729 681 682 412 207.4 18.3 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 3,432 180 194 437 220.0 5.2 May 9, 2025 J-GAAP
Apr - Jun, 2025 3,766 769 777 513 258.5 20.4 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 3,885 759 756 445 224.0 19.5 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 3,769 751 752 480 241.7 19.9 Feb 6, 2026 J-GAAP
YoY +1.1% +10.3% +10.3% +16.5% +16.5%

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