Tobu Railway Co ( (TBURF) ) has released its Q3 earnings. Here is a breakdown of the information Tobu Railway Co presented to its investors.
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Tobu Railway Co., Ltd. is a transportation company listed on the Tokyo Stock Exchange, primarily operating railway services in Japan, and is known for its extensive network and historical significance in the transportation sector.
In the latest earnings report for the nine months ended December 31, 2024, Tobu Railway Co. showcased mixed financial performance with slight declines in operating revenue and profit, alongside positive gains in net profit attributable to owners of the parent.
The company reported operating revenue of ¥458,477 million, a decrease of 1.8% year-on-year, and an operating profit of ¥60,589 million, down by 1.3%. However, ordinary profit experienced a marginal decline of 2.3% to ¥58,945 million. Notably, profit attributable to owners of the parent rose by 2.2% to ¥41,832 million, reflecting a solid bottom-line performance despite revenue challenges. The basic earnings per share also climbed to ¥205.18 from ¥197.92 in the same period last year. Moreover, the equity ratio remained stable at 31.3%, indicating a strong financial position.
Looking ahead, Tobu Railway Co. maintains a cautious outlook with a slight increase in full-year operating revenue forecasted at ¥639,000 million, despite anticipated declines in operating and ordinary profits. The company continues to focus on maintaining shareholder value, with dividend forecasts remaining unchanged from previous announcements.
The management of Tobu Railway Co. remains committed to navigating the current economic landscape, leveraging its operational strengths while adapting to market conditions to sustain its financial health and growth trajectory.
