Odakyu Electric Railway Co ( (ODERF) ) has released its Q3 earnings. Here is a breakdown of the information Odakyu Electric Railway Co presented to its investors.
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Odakyu Electric Railway Co., Ltd. is a prominent player in Japan’s transportation sector, providing railway services along with real estate and retail operations, uniquely positioned in the Tokyo metropolitan area.
In the latest earnings report for the nine months ended December 31, 2024, Odakyu Electric Railway Co. demonstrated robust financial performance with notable increases in key financial metrics. Operating revenue increased by 6.4% to 312,470 million yen, and profit attributable to owners of the parent surged by 39.8% to 43,486 million yen, showcasing strong operational efficiency and strategic growth initiatives.
Key highlights from the report include a 10.5% rise in operating profit to 44,675 million yen and an 11.0% increase in ordinary profit to 45,032 million yen. These improvements were fueled by effective cost management and a strategic focus on enhancing service offerings. Additionally, the company’s equity ratio improved to 36.1%, reflecting a solid financial position. Extraordinary income was boosted by gains from the sale of shares in subsidiaries and associates, contributing significantly to the bottom line.
Looking ahead, Odakyu Electric Railway Co. anticipates continued growth with projected operating revenue of 424,000 million yen for the fiscal year ending March 31, 2025. Despite a forecasted slight decline in ordinary profit by 1.3%, the company remains optimistic about its strategic direction and operational capabilities, aiming to sustain earnings growth through diversified business operations.