Tobu Railway Co ( (TBURF) ) has released its Q2 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 prominent Japanese transportation company listed on the Tokyo Stock Exchange, primarily operating in the railway sector and offering diverse services, including real estate and retail, to complement its core transportation business.
In its latest earnings report for the six months ending September 30, 2024, Tobu Railway Co. reported a slight decline in operating revenue, operating profit, and ordinary profit compared to the same period last year, reflecting a challenging market environment.
The company’s operating revenue stood at ¥301,996 million, marking a 2.1% decrease year-over-year, while operating profit and ordinary profit were ¥38,478 million and ¥37,374 million, respectively, indicating marginal declines. The profit attributable to owners of the parent was ¥25,339 million, representing a 3.9% decrease from the previous year. Despite these downturns, Tobu Railway managed to maintain a stable financial position with total assets slightly decreasing to ¥1,700,399 million and net assets at ¥540,521 million, maintaining an equity ratio of 31.4%.
Looking ahead, Tobu Railway Co. has forecasted a modest increase in operating revenue for the full fiscal year ending March 31, 2025, with a projected figure of ¥639,000 million. However, the company anticipates a decrease in operating and ordinary profits, reflecting cautious optimism amid ongoing economic uncertainties.
Overall, Tobu Railway Co. remains committed to navigating the current economic landscape with strategic adjustments and continues to focus on its long-term growth objectives, positioning itself to adapt to future market conditions.
