Odakyu Electric Railway Co., Ltd.

Odakyu Electric Railway announced on August 7 its first-quarter results for the fiscal year ending March 2027, reporting revenue of 101.735 billion yen (up 3.5% year on year), operating profit of 16.34 billion yen (up 6.9%), and ordinary profit of 16.214 billion yen (up 1.1%), with both operating profit and ordinary profit securing gains. Net profit fell 16.6% to 11.622 billion yen, but this reflects the reversal of gains on the sale of investment securities recorded in the same period a year earlier and does not indicate weakness in the core business. Among the three business segments, the transportation business posted operating revenue of 47.199 billion yen (up 4.2%), operating profit of 11.455 billion yen (up 9.1%), and an operating profit margin of 24.3%, far outpacing the others and accounting for about 70% of the total segment operating profit of 16.334 billion yen. The railway business benefited from higher passenger numbers and the bus business from fare revisions, while sales of the Hakone Free Pass reached a record high for a first quarter (up 7.4%), and sales to inbound tourists also hit a quarterly record high (up 6.6%). Against the company's full-year forecast of 461.3 billion yen in revenue, 54 billion yen in operating profit, 47.9 billion yen in ordinary profit, and 38.3 billion yen in net profit, the first-quarter progress rate stands at 30.3% for operating profit and 33.8% for ordinary profit, outpacing the standard 25% pace, and the company plans to raise its annual dividend forecast to 60 yen from the previous year's actual dividend of 55 yen.