Nagoya Railroad reports extraordinary income from share exchange despite profit drop

Nagoya Railroad Co., Ltd. announced extraordinary income totaling JPY 7,948 million for the six-month period ended September 30, 2025, primarily due to a JPY 5,470 million gain on the share exchange of an affiliated company, Chukyo TV Broadcasting Co. This gain resulted from a review of the market value of shares received following a share transfer on April 1, 2025. The impact on financial results includes JPY 9,843 million in non-consolidated income and JPY 5,470 million in consolidated income.

Despite this extraordinary income, operating income decreased by JPY 7,000 million (29.0%) to JPY 17,167 million for the period, and ordinary income decreased by JPY 9,093 million (32.0%) to JPY 19,317 million. Profit attributable to owners of the parent also saw a decrease of JPY 10,325 million (47.8%) to JPY 11,263 million. Total assets increased to JPY 1,523,370 million as of September 30, 2025, from JPY 1,448,908 million on March 31, 2025, while total net assets rose to JPY 503,468 million from JPY 498,311 million over the same period.

The company projects full-year operating revenues of JPY 695,000 million and operating income of JPY 34,000 million for the fiscal year ending March 31, 2026. This reflects a revised forecast, with operating revenues decreasing by JPY 15,000 million and operating income decreasing by JPY 10,000 million compared to the previous forecast from May 8, 2025. This adjustment is due to lower-than-expected performance in the Transport and Real Estate businesses, partially offset by anticipated improvements in extraordinary income and losses.