Kanagawa Chuo Kotsu revises full-year forecast upward

Kanagawa Chuo Kotsu Co., Ltd. announced its interim financial results for the second quarter of the fiscal year ending March 2026, reporting a 7.0% increase in net sales to JPY 63.396 billion compared to the previous year. Operating profit, however, decreased by 7.0% to JPY 4.725 billion, primarily due to increased depreciation and personnel costs in the passenger transportation business. Net profit attributable to parent company shareholders saw a significant decline of 41.7% to JPY 2.701 billion, attributed to a prior period re-recognition of deferred tax assets.

The company's passenger transportation segment experienced robust demand, contributing JPY 29.545 billion in net sales, while the automobile sales business saw a substantial increase, with sales reaching JPY 20.102 billion due to higher new and used car sales. The real estate segment also reported growth, with sales increasing to JPY 3.516 billion from increased housing unit sales.

Looking ahead, Kanagawa Chuo Kotsu has revised its consolidated full-year earnings forecast upwards from the initial April 2025 projection. This revision anticipates higher net sales and profits, driven by strong performance in the automobile sales business and reduced fuel costs in the passenger transportation segment. The company also confirmed a dividend forecast of JPY 90 per share for the full fiscal year.