Tobu Railway Co., Ltd. TSE:9001

Tobu Railway : 【Summary】Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP)

Published

Source: MarketScreener

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.



February 4, 2026

Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP)

Company name: TOBU RAILWAY CO.,LTD. Listing: Tokyo Stock Exchange Securities code: 9001

URL: https://www.tobu.co.jp/

Representative: Yutaka Tsuzuki President Director

Inquiries: Kosuke Shimizu Finance and Accounting Department Manager Telephone: +81-3-5962-2183

Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes

(Yen amounts are rounded down to millions, unless otherwise noted.)

  1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
    1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      Operating revenue

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Nine months ended

      December 31, 2025

      December 31, 2024

      Millions of yen

      475,920

      458,477

      %

      3.8

      (1.8)

      Millions of yen

      58,203

      60,589

      %

      (3.9)

      (1.3)

      Millions of yen

      56,110

      58,945

      %

      (4.8)

      (2.3)

      Millions of yen

      47,685

      41,832

      %

      14.0

      2.2

      Note: Comprehensive income For the nine months ended December 31, 2025: ¥ 65,778 million [ 49.1%] For the nine months ended December 31, 2024: ¥ 44,124 million [(12.9) %]

      Basic earnings per share

      Diluted earnings per share

      Nine months ended

      Yen

      Yen

      December 31, 2025

      242.19

      -

      December 31, 2024

      205.18

      -

    2. Consolidated financial position

    Total assets

    Net assets

    Equity ratio

    As of

    December 31, 2025

    March 31, 2025

    Millions of yen

    1,833,776

    1,753,200

    Millions of yen

    603,664

    560,753

    %

    32.6

    31.6

    Reference: Equity

    As of December 31, 2025: ¥ 597,181 million

    As of March 31, 2025: ¥ 554,507 million

  2. Cash dividends

    Annual dividends per share

    First quarter-end

    Second quarter-end

    Third quarter-end

    Fiscal year-end

    Total

    Yen

    Yen

    Yen

    Yen

    Yen

    Fiscal year ended March 31, 2025

    -

    27.50

    -

    32.50

    60.00

    Fiscal year ending March 31, 2026

    -

    32.50

    -

    Fiscal year ending March 31, 2026

    (Forecast)

    35.00

    67.50

    Note: Revisions to the forecast of cash dividends most recently announced: Yes

  3. Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

Operating revenue

Operating profit

Ordinary profit

Profit attributable to owners of parent

Basic earnings per share

Full year

Millions of

yen

653,000

%

3.4

Millions of

yen

70,000

%

(6.2)

Millions of

yen

66,000

%

(9.2)

Millions of

yen

52,000

%

1.3

Yen

264.10

Note: Revisions to the financial result forecast most recently announced: Yes

* Notes

  1. Significant changes in the scope of consolidation during the period: None

  2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None

  3. Changes in accounting policies, changes in accounting estimates, and restatement

    1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

    2. Changes in accounting policies due to other reasons: None

    3. Changes in accounting estimates: None

    4. Restatement: None

  4. Number of issued shares (common shares)

    1. Total number of issued shares at the end of the period (including treasury shares)

      As of December 31, 2025

      197,266,821 shares

      As of March 31, 2025

      201,215,421 shares

    2. Number of treasury shares at the end of the period

      As of December 31, 2025

      1,586,132 shares

      As of March 31, 2025

      1,593,212 shares

    3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Nine months ended December 31, 2025

196,895,415 shares

Nine months ended December 31, 2024

203,879,145 shares

* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

Quarterly Consolidated Financial Statements Quarterly Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025

As of December 31, 2025

Assets

Current assets

Cash and deposits 35,110 43,949

Notes and accounts receivable - trade, and contract assets

74,901

83,145

Land and buildings for sale in lots

30,621

34,401

Other

36,342

46,542

Allowance for doubtful accounts

(135)

(132)

Total current assets

176,839

207,906

Non-current assets

Property, plant and equipment

Buildings and structures, net

534,156

525,940

Land

667,311

695,826

Other, net

209,425

213,222

Total property, plant and equipment

1,410,893

1,434,990

Intangible assets

19,861

18,793

Investments and other assets

Investment securities

99,253

124,484

Other

47,219

48,476

Allowance for doubtful accounts

(867)

(874)

Total investments and other assets

145,606

172,085

Total non-current assets

1,576,361

1,625,869

Total assets

1,753,200

1,833,776

(Millions of yen)

As of March 31, 2025

As of December 31, 2025

Liabilities

Current liabilities

Notes and accounts payable - trade

43,274

52,136

Short-term borrowings

73,322

85,364

Current portion of long-term borrowings

66,162

65,407

Commercial papers

-

50,000

Current portion of bonds payable

38,300

18,300

Provisions

7,928

7,069

Other

209,746

210,942

Total current liabilities

438,733

489,219

Non-current liabilities

Bonds payable

119,800

120,000

Long-term borrowings

481,470

460,118

Provisions

3,124

3,103

Retirement benefit liability

40,345

39,008

Other

108,972

118,661

Total non-current liabilities

753,713

740,891

Total liabilities

1,192,447

1,230,111

Net assets

Shareholders' equity

Share capital

102,135

102,135

Capital surplus

51,980

51,998

Retained earnings

314,683

339,280

Treasury shares

(4,930)

(4,775)

Total shareholders' equity

463,868

488,639

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

44,501

62,256

Revaluation reserve for land

45,986

46,062

Foreign currency translation adjustment

237

216

Remeasurements of defined benefit plans

(86)

7

Total accumulated other comprehensive income

90,639

108,542

Non-controlling interests

6,245

6,482

Total net assets

560,753

603,664

Total liabilities and net assets

1,753,200

1,833,776

Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statement of Income (For the nine months)

For the nine months ended December 31, 2024

(Millions of yen)

For the nine months ended December 31, 2025

Operating revenue

458,477

475,920

Operating expenses

Operating expenses and cost of sales of transportation

306,330

320,674

Selling, general and administrative expenses

91,557

97,042

Total operating expenses

397,887

417,716

Operating profit

60,589

58,203

Non-operating income

Dividend income

2,430

3,017

Dividend income of insurance

419

380

Other

1,199

1,153

Total non-operating income

4,049

4,551

Non-operating expenses

Interest expenses

4,577

5,796

Other

1,116

847

Total non-operating expenses

5,694

6,643

Ordinary profit

58,945

56,110

Extraordinary income

Gain on sale of non-current assets

38

2,385

Gain on sale of investment securities

2,098

9,710

Contribution received for construction

372

1,307

Subsidy income

170

318

Other

131

98

Total extraordinary income

2,811

13,819

Extraordinary losses

Loss on retirement of non-current assets 961 656

Loss on tax purpose reduction entry of non-current assets

369

1,305

Impairment losses

20

194

Other

562

288

Total extraordinary losses

1,913

2,445

Profit before income taxes

59,843

67,484

Income taxes - current

16,384

19,769

Income taxes - deferred

1,400

(224)

Total income taxes

17,784

19,544

Profit

42,058

47,940

Profit attributable to non-controlling interests

226

254

Profit attributable to owners of parent

41,832

47,685

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)

(Millions of yen)

Comprehensive income attributable to owners of parent

43,900

65,514

Share of other comprehensive income of entities accounted for using equity method

(0)

0

For the nine months ended December 31, 2024

For the nine months ended December 31, 2025

Other comprehensive income

Revaluation reserve for land

-

1

Remeasurements of defined benefit plans, net of tax

(72)

94

Total other comprehensive income

2,065

17,838

Comprehensive income attributable to

Comprehensive income 44,124 65,778

Foreign currency translation adjustment 14 (21)

Valuation difference on available-for-sale securities 2,123 17,763

Profit 42,058 47,940

Comprehensive income attributable to non-controlling

interests

223 263