Tobu Railway Q1 revenue falls, profit drops 11%
Tobu Railway reported operating revenue of 148.6bn yen for the three months ended June 30, down 0.9% year-over-year. Operating profit fell 11.2% to 19bn yen, while profit attributable to owners dropped 6.1% to 13.9bn yen.
The revenue decline was primarily due to reduced contracted income in the travel business and project completion timing in other segments. Despite the Q1 performance, the company maintained its full-year forecast of 640bn yen in operating revenue and 50bn yen in profit attributable to owners.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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