Kanagawa Chuo Kotsu revises full-year forecasts up on strong auto sales

For the six months ended September 30, 2025, Kanagawa Chuo Kotsu reported net sales of JPY 63.3 billion, a 7.0% year-on-year increase, primarily due to strong automobile sales. However, operating profit decreased by 7.0% to JPY 4.7 billion, and profit attributable to owners of parent fell 41.7% to JPY 2.7 billion, mainly due to increased depreciation and the absence of a deferred tax asset gain from the prior year.

The consolidated financial results forecast for the fiscal year ending March 31, 2026, has been revised upward. Net sales are now projected to increase by 4.3% from initial figures, reaching JPY 124.9 billion, largely propelled by continued strength in the automobile sales business. Operating profit is expected to climb to JPY 5.61 billion, a 15.2% increase from the initial forecast, benefiting from higher net sales and reduced fuel costs in the passenger automobile business.

Profit attributable to owners of parent is also anticipated to rise by 13.5% to JPY 2.86 billion, compared to the April 2025 forecast. The company plans to maintain its annual dividend forecast at JPY 90 per share.