Keio reports 8.6% revenue growth despite profit decline

Keio Corporation's Q1 2025 operating revenues increased 8.6% year-on-year to JPY113.7 billion, though operating profit fell 1.3% to JPY16.6 billion. Profit attributable to owners dropped 17.7% to JPY11.9 billion, primarily due to revised property sale timings.

Strong results in transportation and hotels largely offset the decline. The company maintains its full-year forecast of JPY502.0 billion in operating revenues and JPY50.0 billion in operating profit, representing a 7.7% profit decrease due to expected increases in railway repair costs and hotel renovation expenses.