Keisei Electric Railway Reports Strong Q1 Growth

Keisei Electric Railway Co (JP:9009) has released an update.

Keisei Electric Railway Co., Ltd. reported a 10.8% increase in operating revenue and a significant 64.4% rise in operating income for the first quarter of 2024, compared to the same period last year. The company also announced a dividend forecast of 36 yen for the fiscal year ending March 31, 2025, and reiterated their unchanged full-year financial performance forecast with a 13.9% growth in operating revenue. Despite the increase in several financial metrics, the forecasted income attributable to owners of parent is expected to decrease by 46.4% for the full year.

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