Hankyu Hanshin Holdings, Inc.TSE: 9042

Executive Summary of Financial Results for the H1 of FY2026

· Issued by Hankyu Hanshin Holdings, Inc.
‌Hankyu Hanshin Holdings Group Executive Summary of Financial Results for the First Half of Fiscal 2026 (Ending March 2026)

Nov 11, 2025





‌Attention

This document only includes an executive summary of the financial results for the first half of fiscal 2026. The results briefing materials will be published at a later date on the company's website.

For financial results and supplementary materials for the first half of Fiscal 2026, see the following website: https://www.hankyu-hanshin.co.jp/en/ir/library/supplementarymaterials/

2



Overview of H1 FY2026 performance


  • ‌Revenue and profit increased as a result of strong performance in the Sports business following the Hanshin Tigers' victory in the league championship, an increase in overseas travel in the Travel segment, in addition to demand captured in the Urban Transportation segment and Hotel business in association with the Expo 2025 Osaka, Kansai, Japan, together with condominium sales exceeding the level recorded in the same period of the previous year in the Real Estate segment.



Operating revenue

(¥ billion）

600

+64.2billion

+64.2billion

598.8

(¥ billion)

+20.7

+1.9

+2.5

598.8

+28.4

+3.7

+0.6

534.7

+6.3

Urban Transportation

Real

Estate

Entertainment

Information and

Communication Technology

Travel

International

Transportation

Other and

Adjustment



534.7

500

400

H1 FY2025

Results

H1 FY2026

Results

H1 FY2025

67.5

+17.2billion

Other and

Adjustment

International

Transportation

Travel

Information and

Communication Technology

Entertainment

Real Estate

Urban

Transportation

(¥ billion)

+2.7

-0.1

+2.0

+1.3

+8.2

84.7

+0.8

+2.3

Results

H1 FY2026

Results



Business profit

(¥ billion）

+17.2billion

84.7

80

70 67.5

60

H1 FY2025

Results

H1 FY2026

Results

H1 FY2025

Results

H1 FY2026

Results 3

Overview of FY2026 full-year forecasts


  • ‌While revenue is expected to remain in line with July projections due to a review of the sales timing for short-term recovery properties in the Real estate business, profits is forecasted to increase due to extremely strong performance across many business areas, including the Sports business, which has been buoyed by the Hanshin Tiger's league championship win.

Operating revenue

(¥ billion ）

1,106.9

1,200

1,200.0 1,200.0

(¥ billion ）

-10.8

Urban

Transportation

Real

Estate

Entertainment

Information and

Communication Technology

Travel International Other and

Transportation Adjustment

±0billion

1,200.0 +0.1

+6.6 +0.4 ±0 ±0 +3.7 1,200.0

1,100

1,000

FY2025

Reslts

FY2026

Forecasts (As of Jul.)

FY2026

Forecasts (As of Oct.)

FY2026 Forecasts (As of Jul.)

FY2026 Forecasts (As of Oct.)

Business Profit

(¥ billion ）

124.0

112.1



130

+5billion

129.0

(¥ billion ）

120

110

100

+5billion

129.0

Urban

Transportation

Real

Estate

Entertainment Information and

Communication Technology

Travel

International

Transportation

Other and

Adjustment

+2.3

+0.0

+1.1

124.0

+0.7

+0.7

+0.1

+0.1



FY2025

Resluts

FY2026

Forecasts (As of Jul.)

FY2026

Forecasts (As of Oct.)

FY2026 Forecasts (As of Jul.)

FY2026 Forecasts

(As of Oct.) 4

‌Impact from the World Expo 2025 Osaka, Kansai

Special Factors Affecting FY2026 Full-year Results



  • While the Expo venue at Yumeshima is not part of our line-side area, the Expo invigorated travel across the Kansai region, which had a positive impact on the Group.

  • Additionally, the Expo served as a catalyst driving up travel to the Kansai region. As a Group, we will continue to work to attract visitors to Kansai by developing initiatives to foster interest in repeat travel to Kansai.

    Overview

  • Schedule： April 13 to October 13, 2025 （184days）

  • Venue： Yumeshima, Osaka

  • Number of Visitors： 29.02 million

    Impact on profit



  • The Group estimates that the Expo will deliver an impact on Group-wide profit in the range of ¥5 billion through to the end of the first half of FY2026, centered on the Urban Transportation segment and Real Estate segment (particularly the Hotel business).





    Segment

    Main details

    Urban Transportation

    Increase in ridership and fare income in the Railway business, and services connecting major stations and facilities to the Expo venue in the Bus business

    Real Estate

    Increase in the ADR in the Hotel business

    Travel

    The receipt of transportation support service contracts related to the Expo venue

    Provided by Expo2025

    Hanshin Tigers' league championship win

  • Commemorating the 90thyear since its founding, the Hanshin Tigers won the 2025 JERA Central League championship title for the first time in two years in September.

  • Together with efforts to expand and solidify our fan base, we are working to drive further growth in the Baseball business by strengthening player development aimed at cultivating a strong team, leveraging the new farm team facility, the 'Zero-Carbon Baseball Park,' which opened in March 2025.

  • We will continue to assess the impact of the Climax Series, the Japan Series, and the sale of championship-related merchandise moving forward.

    5

    ‌Higashi Hankyu Building Redevelopment Plan

    Progress Toward Initiatives Related to the Business Strategy Outlined in the Long-Term Management Plan



    Osaka Metro

    Umeda Station

    Hankyu Department Store Umeda Main Store

    this project site

    JR Osaka Station

    Hanshin Osaka-Umeda

    Station

Hankyu Terminal Building

(Head office of Hankyu Hanshin Properties)

Hankyu Osaka-umeda

Station



    • In response to the deterioration of the 'Higashi Hankyu Building' (an office building constructed in 1966), the building is set to be demolished and redeveloped as an office building with 10 above-ground floors, and one below-ground floor (scheduled for completion in December 2027, to be occupied by Hankyu Hanshin Properties).

    • The new building is conveniently located with easy station access, and features a diverse range of commercial facilities, including 'HEP FIVE' and 'HEP NAVIO', and dining establishments in its vicinity. Retail spaces will be incorporated into the ground floor of the building to ensure seamless integration with the surrounding area promoting flow-through design and reinvigorating the Osaka-Umeda area.



      THE SUMO LIVE RESTAURANT HIRAKUZA GINZA TOKYO

      Prepared internally based on maps issued by the Geographical Survey Institute

      （https://maps.gsi.go.jp/vector/#16.363/34.703992/135.499307/&ls=vblank&di sp=1&d=l）

  • In the Sports business, we operate the entertainment brand 'HIRAKUZA,' which puts a spotlight on new ways to enjoy Japanese culture, primarily targeting inbound travelers. In May 2024, we opened 'THE SUMO HALL HIRAKUZA OSAKA,' a sumo entertainment show hall under the same brand name, which has attracted significant attendance from inbound travelers.







  • In January 2026, we are poised to launch 'THE SUMO LIVE RESTAURANT HIRAKUZA GINZA TOKYO,' which will serve as the second sumo entertainment show hall located in Ginza, Tokyo, and powerfully broadcast the appeal of Japan's celebrated Sumo and Washoku to the world.

    6

    ‌Rebuilding Our Group Governance

    Progress Toward Governance Initiatives in the Long-Term Management Plan



    • In June 2025, we established a new Board structure, appointing Outside Directors and Auditors at core companies, and in July 2025, we incorporated the Takarazuka Revue as a join-stock corporation in order to further enhance the effectiveness of reforms implemented by the Takarazuka Revue.

    • Authority is delegated to operating companies to accelerate pursuit of business strategy, based on the premise of strengthening the Group governance system as described above.

Our Group Governance System (directors and auditors from outside the Group are elected at each main core company)

Management

Measures (examples)

Hankyu Hanshin Holdings

  • Establishment of various basic policies rules, etc.

  • Establishment of Corporate Ethics Consultation Desk (contact in whistleblower system)

  • Conducting various surveys

    (Personnel and labor relations surveys, risk surveys, etc.)

  • Allocation of management resources

Board of Directors

Audit & Supervisory

Outside directors

Committee

Members (outside)

Group Auditing Division

Risk Management

Division

Reporting/approval of

important matters

Cooperation

Main core companies

Hankyu Corporation Hanshin Electric Railway

Director and Audit &

Supervisory Board members from outside the group newly elected

Hankyu Hanshin Properties

Board of Directors

Director from

outside the Group newly elected

Board of Directors

Director from outside the Group

Audit & Supervisory

Board Members from outside the Group

Report Audit

Department

Report Audit Department

Audit

Audit

Board of Directors

Director from outside the Group

Audit & Supervisory Board

Members from outside the Group

Report

Audit

Department

Audit

Business

Department

Support

Restraint

Administrative

Department

Business

Department

Support Administrative

Restraint Department

Business

Department

Support Administrative

Restraint Department

Group Management Committee

Subsidiary

Subsidiary

Subsidiary

Director from outside the Group

Audit & Supervisory Board Members from outside the Group



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