Niigata Kotsu Co., Ltd. (TSE:9017) has revised its earnings forecast for the fiscal period ending March 31, 2026, citing strong performance in its tourism-related businesses and cost-cutting measures across the group.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 20.2bn | JPY 20.3bn | +0.6% |
| Operating Profit | J.PY 1.70bn | JPY 2.24bn | +31.6% |
| Ordinary Income | JPY 1.20bn | JPY 1.77bn | +47.4% |
| Net Profit | — | — | — |
| EPS | JPY 182.23/share | JPY 299.68/share | +JPY 117.45/share |
The company attributed the upward revision to improved performance in its tourism operations and cost reductions across the group. These factors have contributed to higher-than-expected profitability in key metrics such as operating profit and ordinary income (keijo rieki), a Japan-specific profit measure that includes operating profit plus non-operating income/expenses.
The upward earnings revision reflects management’s confidence in the ongoing recovery of the tourism sector and the effectiveness of cost-reduction initiatives. Investors may view the revised forecast as a positive signal for the company’s future performance, particularly given the strong growth in operating profit and ordinary income. However, actual results may differ from the forecast due to market conditions and other external factors.