Keisei Electric Railway Co ( (KELRF) ) has released its Q3 earnings. Here is a breakdown of the information Keisei Electric Railway Co presented to its investors.
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Keisei Electric Railway Co., Ltd. is a prominent Japanese transportation company listed on the Tokyo Stock Exchange, primarily operating in the railway sector along with diversified interests in real estate, distribution, and leisure services.
Keisei Electric Railway has reported a robust financial performance for the nine months ending December 31, 2024, showcasing significant growth in both revenue and profit. The company’s operating revenue increased by 7.0% year-on-year to ¥238,187 million, while profit attributable to owners surged by 68.6% to ¥60,680 million, driven by strategic business operations and exceptional gains from the sale of shares.
A notable highlight from the earnings report is the strong performance of the transportation segment, particularly in services to and from Narita Airport, which benefited from a rise in international tourists. The company also reported substantial gains from the sale of shares in subsidiaries and associates, contributing to extraordinary income. Furthermore, Keisei Electric Railway’s strategic moves, including its alliance with AEON Co., Ltd., aim to enhance corporate value and stimulate local community development.
Despite a decrease in revenue from its real estate segment, the company experienced growth across most other segments, including construction and leisure services. This diverse performance underscores Keisei’s adaptive strategies and commitment to expanding its market presence.
Looking ahead, Keisei Electric Railway maintains a positive outlook with plans to continue capitalizing on post-pandemic growth opportunities and reinforce its strategic alliances. The company is set to proceed with a merger with Shin-Keisei Electric Railway Co., Ltd., effective April 2025, which will likely bolster its operational capacity and market influence.
