Odakyu Electric Railway adjusts segment forecasts, maintains full-year outlook

Odakyu Electric Railway Co., Ltd. announced its consolidated financial results for the second quarter of the fiscal year ending March 2026, reporting operating revenue of 198,448 million yen, a 5.4% decrease year-on-year, and operating profit of 28,034 million yen, a 3.5% decrease. Profit attributable to owners of parent was 23,069 million yen, down 30.1% from the previous year. The decline in operating revenue was primarily attributed to extraordinary factors in Life Services, including a shorter consolidation period and the exclusion of certain entities.

Looking ahead to the full fiscal year ending March 2026, the company maintains its consolidated operating revenue forecast at 425,000 million yen and operating profit forecast at 53,000 million yen. However, segment-specific revisions were made: Transportation and Real Estate forecasts were adjusted upwards, while Life Services saw a downward revision. Ordinary profit is now projected to be 50,000 million yen, a decrease of 1,000 million yen from the May forecast due to increased non-operating expenses. The profit attributable to owners of parent forecast remains at 35,000 million yen.

Key strategic changes include a planned relocation of the Ohno General Rolling Stock Depot, with a projected investment of 89,700 million yen, aiming to enhance operational safety and efficiency by 2032. The company also reaffirmed its shareholder returns policy, targeting an annual dividend of 50 yen per share (interim 25 yen, year-end 25 yen) for FY2026.