Kintetsu Group Holdings Co.,Ltd. Revises Earnings Forecast — Net Profit Up 42.6%
Kintetsu Group Holdings Co.,Ltd. (TSE:9041) revised its full-year earnings forecast for the fiscal year ending March 2026, raising net profit guidance sharply while trimming revenue and operating profit expectations due to Middle East geopolitical headwinds affecting tour operations.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 298.0bn | JPY 297.1bn | -0.3% |
| Operating Profit | JPY 6.50bn | JPY 6.10bn | -6.2% |
| Ordinary Income | JPY 7.30bn | JPY 7.60bn | +4.1% |
| 親会社株主に帰属する当期純利益 | JPY 6.80bn | JPY 9.70bn | +42.6% |
| 1株当たり当期純利益 | JPY 248.90/share | JPY 321.22/share | +JPY 72.32/share |
The revision reflects mixed operational dynamics at KNT-CT Holdings, the group’s consolidated travel subsidiary. While overseas travel demand remains solid, tour cancellations linked to Middle East tensions will reduce revenue by JPY 0.9bn and operating profit by JPY 0.4bn. However, the company expects to record an additional JPY 2.5bn deferred tax asset, generating JPY 2.5bn in tax-related gains that will flow through to net profit attributable to parent shareholders.
The substantial net profit upgrade—driven entirely by tax accounting adjustments rather than operational improvement—signals improved tax position recognition. Notably, the parent company Kintetsu Group Holdings maintained its consolidated earnings guidance unchanged, suggesting the revision is isolated to the travel subsidiary’s standalone forecast. International investors should note that ordinary income (keijo rieki), a Japan-specific metric capturing operating profit plus financial income and expenses, rose 4.1% despite operational headwinds, reflecting favorable financing conditions.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.