Kanagawa Chuo Kotsu raises full-year forecast on strong auto sales, cost cuts

Kanagawa Chuo Kotsu Co., Ltd. reported consolidated net sales of 63,396 million yen for the six months ended September 30, 2025, a 7.0% increase year-on-year, with operating profit reaching 4,725 million yen. However, profit attributable to owners of parent saw a decrease of 41.7% to 2,701 million yen, partly due to increased depreciation from equipment investments and a prior period's tax asset reclassification.

The company's financial position shows total assets of 172,058 million yen as of September 30, 2025, an increase of 6,614 million yen from March 31, 2025. This growth is attributed to land acquisitions for commercial vehicle bodywork business offices and factories, alongside an increase in investment securities.

Looking ahead, Kanagawa Chuo Kotsu has revised its full-year consolidated financial results forecast for the fiscal year ending March 31, 2026, upward. The updated forecast projects net sales of 124,900 million yen, operating profit of 5,610 million yen, and profit attributable to owners of parent of 2,860 million yen. This revision is primarily driven by strong new vehicle sales and maintenance revenue in the automobile sales business, coupled with lower-than-expected fuel costs in the passenger automobile business. The annual dividend forecast remains unchanged at 90 yen per share.