H.I.S.H.I.S. Co., Ltd.9603東証プライムサービス業FY ending Oct 2025, consolidated, J-GAAP

H.I.S. FY ending Oct 2025 results

About 83% of H.I.S.'s sales come from Travel Business, with Kyushu Sanko Group and Hotel Business making up much of the rest.

Out of every ¥100 of sales, about ¥3 is left as operating profit.

Revenue changed +8.7% from the prior year, operating profit +7.1%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +8.7% · profit +7.1%, calculated from disclosed figures.

Operating leverage: 0.82× (profit growth ÷ revenue growth)

What changed from last year

FY ending Oct 2024 → FY ending Oct 2025

Revenue: +8.7%¥343.3B → ¥373.1B
Gross profit: +6.7%¥110.6B → ¥118B
Operating income: +7.1%¥10.9B → ¥11.6B
Net income attributable to owners: -45.9%¥8.72B → ¥4.72B
Operating cash flow: -27.4%¥29.2B → ¥21.2B
Free cash flow: -33.2%¥21.1B → ¥14.1B

Results at a glance

Revenue for the FY ending Oct 2025 was ¥373.1B, up +8.7% from ¥343.3B.
Operating income grew +7.1% to ¥11.6B, so the core business earned more.
Net income attributable to owners, however, dropped -45.9% to ¥4.72B.
Cash generation also slowed: operating cash flow fell -27.4% to ¥21.2B and free cash flow fell -33.2% to ¥14.1B.

What drove the change

Every segment grew sales and profit, led by travel and hotels. Trips to Europe and the Middle East, premium escorted tours, and inbound groups from North America sold well.
More foreign visitors to Japan pushed up both occupancy and room rates at the domestic hotels.
Net income fell because the company booked extraordinary losses, mainly costs from scaling back its Turkish travel subsidiary, and paid more in income taxes.

Things to watch

Most sales come from travel in Japan, so a change in that market would hit results directly.
Sharp moves in exchange rates or oil prices can raise fuel surcharges and dampen travel demand.
Natural disasters, disease outbreaks, air accidents, terrorism or war can cut travel demand.

Annual Securities Report, 45th fiscal period (Nov 2024 – Oct 2025) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 45th fiscal period (Nov 2024 – Oct 2025) / 事業等のリスク

Where the money goes

FY ending Oct 2024 → FY ending Oct 2025

Where ¥100 of sales goes

For every ¥100 H.I.S. sells, how much goes where, and how much is kept.

FY ending Oct 2025

Cost of sales: ¥68
SG&A: ¥29
Operating profit: ¥3
Net profit kept: ¥1

Annual margin trends

Gross margin31.6%

Operating margin3.1%

Net margin1.3%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Oct 2025

Travel Business¥308B
83%
Op. margin 3.1%Industry: Travel Agencies
Kyushu Sanko Group¥25.4B
7%
Op. margin 3.2%Industry: Private Railways
Hotel Business¥24.7B
7%
Op. margin 14.6%Industry: Hotels & Inns
Other¥15B
4%
Op. margin 3.4%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第45期(2024/11/01－2025/10/31)
ID S100XHDP2026-01-27Open
EDINET (FSA Japan)
有価証券報告書－第44期(2023/11/01－2024/10/31)
ID S100VJFD2025-03-31Open
EDINET (FSA Japan)
有価証券報告書－第43期(2022/11/01－2023/10/31)
ID S100SO252024-01-26Open
EDINET (FSA Japan)
訂正有価証券報告書－第42期(2021/11/01－2022/10/31)
ID S100RULS2023-09-13Open
EDINET (FSA Japan)
有価証券報告書－第41期(令和2年11月1日－令和3年10月31日)
ID S100NAOV2022-01-28Open
EDINET (FSA Japan)
有価証券報告書－第40期(令和1年11月1日－令和2年10月31日)
ID S100KLLA2021-01-28Open

Extracted from XBRL: 54 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

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