Seibu HoldingsSEIBU HOLDINGS INC.9024東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

Seibu Holdings FY ending Mar 2026 results

About 48% of Seibu Holdings's sales come from Hotel and Leisure, with Urban Transportation and Regional and Real Estate making up much of the rest.

Out of every ¥100 of sales, about ¥9 is left as operating profit.

Revenue changed -43.0% from the prior year, operating profit -84.4%.

Revenue and profit pattern

Revenue and profit down

Revenue -43.0% · profit -84.4%, calculated from disclosed figures.

Operating leverage: 1.96× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: -43.0%¥901.1B → ¥513.3B
Operating income: -84.4%¥292.7B → ¥45.5B
Net income attributable to owners: -84.9%¥258.2B → ¥38.9B
Operating cash flow: -99.7%¥474.4B → ¥1.53B
Free cash flow: -141.7%¥366.4B → -¥152.7B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥513.3B, down from ¥901.1B (-43.0%).
Operating income fell from ¥292.7B to ¥45.5B (-84.4%), and net income from ¥258.2B to ¥38.9B (-84.9%).
Operating cash flow was only ¥1.53B while capital expenditure reached ¥154.3B, leaving free cash flow at -¥152.7B.

What drove the change

The prior year included the sale of Tokyo Garden Terrace Kioicho, so real estate revenue and profit dropped sharply without a repeat.
Hotel and Leisure grew revenue and profit as domestic hotels drew more individual overseas visitors and Japanese guests.
Higher labor costs, including wage increases, and higher depreciation from capital spending weighed on profit.

Things to watch

Much of the cost base is fixed, such as labor and depreciation, so even a small drop in revenue can move operating income a lot.
Shifts in the property market or rising construction costs could shrink gains on property sales or cause losses.
Earthquakes, typhoons, pandemics or geopolitical events could cut travel and outings, hurting railway and hotel sales.

Amended Annual Securities Report (21st fiscal period) / 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 · Amended Annual Securities Report (21st fiscal period) / 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 Seibu Holdings sells, how much goes where, and how much is kept.

FY ending Mar 2026

Operating costs: ¥91
Operating profit: ¥9
Net profit kept: ¥8

Annual margin trends

Operating margin8.9%

Net margin7.6%

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

Hotel and Leisure¥246.7B
48%
Op. margin 9.2%Industry: Hotels & Inns
Urban Transportation and Regional¥150.5B
29%
Op. margin 6.3%Industry: Private Railways
Real Estate¥66.6B
13%
Op. margin 18.6%Industry: Real Estate Development & Leasing
Other¥49.5B
10%
Op. margin 3.3%

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)
訂正有価証券報告書－第21期(2025/04/01－2026/03/31)
ID S100YS3Z2026-07-24Open
EDINET (FSA Japan)
有価証券報告書－第20期(2024/04/01－2025/03/31)
ID S100W1OD2025-06-23Open
EDINET (FSA Japan)
有価証券報告書－第19期(2023/04/01－2024/03/31)
ID S100TOWK2024-06-21Open
EDINET (FSA Japan)
有価証券報告書－第18期(2022/04/01－2023/03/31)
ID S100QZSY2023-06-21Open
EDINET (FSA Japan)
有価証券報告書－第17期(令和3年4月1日－令和4年3月31日)
ID S100OBUB2022-06-22Open
EDINET (FSA Japan)
有価証券報告書－第16期(令和2年4月1日－令和3年3月31日)
ID S100LLLV2021-06-22Open

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

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

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