Mie Kotsu Group Holdings raises full-year earnings and interim dividend

Mie Kotsu Group Holdings announced an upward revision to its consolidated financial forecasts for the fiscal year ending March 31, 2026. For the second quarter (interim), operating revenues are now projected at JPY 49,900 million, up from JPY 49,700 million, with ordinary profit rising significantly from JPY 3,920 million to JPY 5,260 million. Full-year projections also saw increases, with operating revenues revised to JPY 109,000 million from JPY 107,000 million, and ordinary profit to JPY 9,000 million from JPY 8,400 million, reflecting strong demand in charter bus, business hotel, and automobile sales.

The company's improved performance is attributed to increased utilization and higher unit prices in event-related transportation and leisure services, as well as robust demand in its automotive sales business. While personnel and commodity costs are expected to rise, these increases are offset by the strong revenue growth.

In line with its policy to provide stable shareholder returns, Mie Kotsu Group Holdings also announced an interim dividend of JPY 8.00 per share, consistent with its previous forecast. Combined with a projected year-end dividend of JPY 8.00, the total annual dividend is expected to be JPY 16.00 per share for the fiscal year ending March 31, 2026.