Tobu Railway Q1 profit falls despite revenue gains

Tobu Railway reported Q1 operating revenue of 148.6bn yen, down 0.9% year-over-year, with operating profit falling 11.2% to 19bn yen and net profit down 6.1% to 14bn yen.

While railway and real estate revenues increased, the leisure segment declined. The company maintained its full-year forecast of 640bn yen operating revenue and 68bn yen operating profit.