Kintetsu Group HoldingsKintetsu Group Holdings Co.,Ltd.9041東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

Kintetsu Group Holdings FY ending Mar 2026 results

About 43% of Kintetsu Group Holdings's sales come from International logistics, with Hotel and leisure and Merchandise sales making up much of the rest.

Out of every ¥100 of sales, about ¥5 is left as operating profit.

Revenue changed +0.5% from the prior year, operating profit +6.0%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +0.5% · profit +6.0%, calculated from disclosed figures.

Operating leverage: 12.20× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +0.5%¥1.74T → ¥1.75T
Operating income: +6.0%¥84.4B → ¥89.4B
Net income attributable to owners: +15.1%¥46.7B → ¥53.8B
Operating cash flow: +31.6%¥89.7B → ¥118.1B
Free cash flow: -1105.1%¥3.36B → -¥33.8B

Results at a glance

Revenue for FY ending Mar 2026 was ¥1.75T, up 0.5% from ¥1.74T the year before.
Operating income grew 6.0% from ¥84.4B to ¥89.4B, and net income grew 15.1% from ¥46.7B to ¥53.8B.
Operating cash flow rose to ¥118.1B, but capital spending reached ¥151.9B, so free cash flow turned negative at -¥33.8B.

What drove the change

Visitors to the Osaka-Kansai Expo, tourists heading to Ise-Shima after it closed, and overseas travelers lifted revenue in transportation, retail, and hotels and leisure.
On the railway, extra runs of the Hinotori limited express between Osaka and Nagoya also brought in more passengers.
International logistics handled more cargo, but tougher competition pushed prices down, so both its revenue and profit fell.
Net income also got a boost from lower income taxes after the company recorded deferred tax assets.

Things to watch

A major disaster such as a Nankai Trough earthquake. Because the group's assets are concentrated along the Kintetsu lines, the company warns it could hit results across the whole group.
Rising interest rates are increasing interest costs, and debt went up for now as the company bought new rail cars and rental properties in the Tokyo area.
The company expects uncertainty to continue, citing higher resource prices from geopolitical tensions and a possible drop in inbound tourism.

Annual securities report (FY ending Mar 2026) / 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 (FY ending Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Cost of revenue is not disclosed; expenses are combined

Where ¥100 of sales goes

For every ¥100 Kintetsu Group Holdings sells, how much goes where, and how much is kept.

FY ending Mar 2026

Operating costs: ¥95
Operating profit: ¥5
Net profit kept: ¥3

Annual margin trends

Operating margin5.1%

Net margin3.1%

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 Mar 2026

International logistics¥753.1B
43%
Op. margin 1.6%Industry: Trucking & Parcel Delivery
Hotel and leisure¥367.2B
21%
Op. margin 3.8%Industry: Travel Agencies
Merchandise sales¥223.5B
13%
Op. margin 4.1%Industry: Supermarkets
Transportation¥223.3B
13%
Op. margin 17.0%Industry: Private Railways
Real estate¥147.2B
8%
Op. margin 9.8%Industry: Real Estate Development & Leasing
Other¥35.4B
2%
Op. margin 7.1%

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115期(2025/04/01－2026/03/31)
ID S100YCLR2026-06-17Open
EDINET (FSA Japan)
有価証券報告書－第114期(2024/04/01－2025/03/31)
ID S100VZTK2025-06-19Open
EDINET (FSA Japan)
有価証券報告書－第113期(2023/04/01－2024/03/31)
ID S100TPG92024-06-24Open
EDINET (FSA Japan)
有価証券報告書－第112期(2022/04/01－2023/03/31)
ID S100R63S2023-06-28Open
EDINET (FSA Japan)
有価証券報告書－第111期(令和3年4月1日－令和4年3月31日)
ID S100O86D2022-06-20Open
EDINET (FSA Japan)
有価証券報告書－第110期(令和2年4月1日－令和3年3月31日)
ID S100LKVC2021-06-21Open

Extracted from XBRL: 52 / Derived from other figures: 2

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