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Odakyu Electric Railway, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 3%
9007 Odakyu Electric Railway Co.,Ltd 【J-GAAP】
Earnings ReportOdakyu Electric Railway Co.,Ltd <9007> [TSE Prime] announced its financial results after the market closed on February 13th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) was 43.8 billion yen, a 2.7% decrease compared to the same period last year. Progress toward the full-year plan of 50.0 billion yen was 87.6%, below the five-year average of 109.4%.
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 grow 13.7% from the same period last year, reaching 6.18 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 7.2% from the same period last year, reaching 16.3 billion yen. The operating profit margin rose from 15.2% in the same period last year to 15.7%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 293,633 | 40,423 | 40,578 | 31,110 | 85.7 | 80.1 | Feb 8, 2024 | J-GAAP |
| Apr - Dec, 2024 | 312,470 | 44,675 | 45,032 | 43,486 | 122.7 | 89.2 | Feb 13, 2025 | J-GAAP |
| Apr - Dec, 2025 | 307,872 | 45,186 | 43,814 | 34,899 | 101.1 | 87.6 | Feb 13, 2026 | J-GAAP |
| YoY | -1.5% | +1.1% | -2.7% | -19.7% | -17.6% |
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 |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Oct - Dec, 2025 | 109,424 | 17,152 | 16,355 | 11,830 | 34.3 | 15.7 | Feb 13, 2026 | J-GAAP |
| YoY | +6.5% | +9.7% | +7.2% | +12.6% | +15.7% |
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