Tobu Railway Co., Ltd. TSE:9001

Tobu Railway : 【Summary】Consolidated Financial Results for the Six Months Ended September 30, 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.

November 5, 2025



Consolidated Financial Results for the Six Months Ended September 30, 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 file semi-annual securities report: November 14, 2025

Scheduled date to commence dividend payments: December 2, 2025 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 six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
    1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      Operating revenue

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Six months ended

      September 30, 2025

      September 30, 2024

      Millions of yen

      310,753

      301,996

      %

      2.9

      (2.1)

      Millions of yen

      35,584

      38,478

      %

      (7.5)

      (1.6)

      Millions of yen

      33,726

      37,374

      %

      (9.8)

      (2.2)

      Millions of yen

      24,022

      25,339

      %

      (5.2)

      (3.9)

      Note: Comprehensive income For the six months ended September 30, 2025: ¥ 39,180 million [ 72.6%] For the six months ended September 30, 2024: ¥ 22,705 million [(38.1) %]

      Basic earnings per share

      Diluted earnings per share

      Six months ended

      Yen

      Yen

      September 30, 2025

      121.68

      -

      September 30, 2024

      123.18

      -

    2. Consolidated financial position

    Total assets

    Net assets

    Equity ratio

    As of

    September 30, 2025

    March 31, 2025

    Millions of yen

    1,783,498

    1,753,200

    Millions of yen

    583,431

    560,753

    %

    32.4

    31.6

    Reference: Equity

    As of September 30, 2025: ¥ 577,041 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)

    -

    32.50

    65.00

    Note: Revisions to the forecast of cash dividends most recently announced: None

  3. Consolidated financial result forecast 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

650,000

%

2.9

Millions of

yen

69,000

%

(7.5)

Millions of

yen

64,000

%

(12.0)

Millions of

yen

51,500

%

0.3

Yen

260.87

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 semi-annual 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 September 30, 2025

      201,215,421 shares

      As of March 31, 2025

      201,215,421 shares

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

      As of September 30, 2025

      5,538,650 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)

Six months ended September 30, 2025

197,417,390 shares

Six months ended September 30, 2024

205,703,791 shares

* Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.

Semi-annual Consolidated Financial Statements Semi-annual Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025

As of September 30, 2025

Assets

Current assets

Cash and deposits 35,110 34,291

Notes and accounts receivable - trade, and contract assets

74,901

72,447

Land and buildings for sale in lots

30,621

33,982

Other

36,342

39,104

Allowance for doubtful accounts

(135)

(135)

Total current assets

176,839

179,689

Non-current assets

Property, plant and equipment

Buildings and structures, net

534,156

525,538

Land

667,311

678,899

Other, net

209,425

210,271

Total property, plant and equipment

1,410,893

1,414,709

Intangible assets

19,861

19,865

Investments and other assets

Investment securities

99,253

121,338

Other

47,219

48,759

Allowance for doubtful accounts

(867)

(865)

Total investments and other assets

145,606

169,233

Total non-current assets

1,576,361

1,603,809

Total assets

1,753,200

1,783,498

(Millions of yen)

As of March 31, 2025

As of September 30, 2025

Liabilities

Current liabilities

Notes and accounts payable - trade

43,274

43,670

Short-term borrowings

73,322

47,950

Current portion of long-term borrowings

66,162

74,954

Commercial papers

-

50,000

Current portion of bonds payable

38,300

28,100

Provisions

7,928

10,301

Other

209,746

199,316

Total current liabilities

438,733

454,294

Non-current liabilities

Bonds payable

119,800

120,000

Long-term borrowings

481,470

467,737

Provisions

3,124

3,091

Retirement benefit liability

40,345

38,595

Other

108,972

116,348

Total non-current liabilities

753,713

745,772

Total liabilities

1,192,447

1,200,067

Net assets

Shareholders' equity

Share capital

102,135

102,135

Capital surplus

51,980

51,998

Retained earnings

314,683

332,121

Treasury shares

(4,930)

(14,915)

Total shareholders' equity

463,868

471,340

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

44,501

59,455

Revaluation reserve for land

45,986

46,062

Foreign currency translation adjustment

237

208

Remeasurements of defined benefit plans

(86)

(25)

Total accumulated other comprehensive income

90,639

105,700

Non-controlling interests

6,245

6,390

Total net assets

560,753

583,431

Total liabilities and net assets

1,753,200

1,783,498

Semi-annual Consolidated Statements of Income and Comprehensive Income

Semi-annual Consolidated Statement of Income

(Millions of yen)

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Operating revenue

301,996

310,753

Operating expenses

Operating expenses and cost of sales of transportation

202,878

211,187

Selling, general and administrative expenses

60,639

63,981

Total operating expenses

263,517

275,169

Operating profit

38,478

35,584

Non-operating income

Dividend income

1,233

1,639

Dividend income of insurance

416

379

Other

936

658

Total non-operating income

2,586

2,677

Non-operating expenses

Interest expenses

3,029

3,840

Other

661

694

Total non-operating expenses

3,691

4,535

Ordinary profit

37,374

33,726

Extraordinary income

Gain on sale of non-current assets

23

80

Gain on sale of investment securities

29

142

Contribution received for construction

358

27

Subsidy income

168

173

Other

125

49

Total extraordinary income

704

472

Extraordinary losses

Loss on retirement of non-current assets 600 381

Loss on tax purpose reduction entry of non-current assets

355

25

Impairment losses

18

136

Other

524

124

Total extraordinary losses

1,499

668

Profit before income taxes

36,579

33,531

Income taxes - current

11,235

10,319

Income taxes - deferred

(148)

(973)

Total income taxes

11,086

9,345

Profit

25,493

24,185

Profit attributable to non-controlling interests

154

162

Profit attributable to owners of parent

25,339

24,022

Semi-annual Consolidated Statement of Comprehensive Income

(Millions of yen)

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Profit 25,493 24,185

Valuation difference on available-for-sale securities (2,776) 14,960

Other comprehensive income

Foreign currency translation adjustment 67 (29)

Revaluation reserve for land - 1

Share of other comprehensive income of entities

accounted for using equity method

(0)

0

Total other comprehensive income

(2,788)

14,994

Comprehensive income

22,705

39,180

Comprehensive income attributable to

Comprehensive income attributable to owners of 22,555 39,009

parent

Remeasurements of defined benefit plans, net of tax (79) 61

Comprehensive income attributable to non-controlling interests

149 170