Sotetsu HoldingsSotetsu Holdings,Inc.9003東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

Sotetsu Holdings FY ending Mar 2026 results

About 32% of Sotetsu Holdings's sales come from merchandising, with hotel and Real estate making up much of the rest.

Out of every ¥100 of sales, about ¥13 is left as operating profit.

Revenue changed +5.3% from the prior year, operating profit +2.7%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +5.3% · profit +2.7%, calculated from disclosed figures.

Operating leverage: 0.51× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +5.3%¥292.2B → ¥307.6B
Operating income: +2.7%¥37.8B → ¥38.8B
Net income attributable to owners: +10.9%¥22.4B → ¥24.8B
Operating cash flow: -37.9%¥36.7B → ¥22.8B
Free cash flow: Loss-¥6.14B → -¥11.2B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥307.6B, up +5.3% from ¥292.2B.
Operating income rose +2.7% to ¥38.8B, and net income rose +10.9% to ¥24.8B.
Operating cash flow dropped from ¥36.7B to ¥22.8B. With ¥34B of capital expenditure, free cash flow was -¥11.2B, a deeper negative than last year's -¥6.14B.

What drove the change

Strong hotel demand pushed up average room rates, and the Yokohama Bay Sheraton posted its highest sales ever
Merchandising swung from an operating loss to a profit after store renovations, closing weaker stores and turning station kiosks into convenience stores
Real estate revenue grew, but its operating income fell from the prior year
Operating cash flow fell mainly because trade receivables increased

Things to watch

Heavy spending on facilities and redevelopment has left the group with a lot of debt, so higher interest rates could raise interest costs and hurt returns on projects
A shrinking working-age population could make it hard to hire the staff needed to run its businesses
Earthquakes, storms and other disasters could damage rail lines and facilities or force them to close

Annual securities report, 158th term (Apr 2025 – 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, 158th term (Apr 2025 – 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 Sotetsu Holdings sells, how much goes where, and how much is kept.

FY ending Mar 2026

Operating costs: ¥87
Operating profit: ¥13
Net profit kept: ¥8

Annual margin trends

Operating margin12.6%

Net margin8.1%

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

merchandising¥97.2B
32%
Op. margin 0.9%Industry: Supermarkets
hotel¥75.1B
24%
Op. margin 21.9%Industry: Hotels & Inns
Real estate¥68.8B
22%
Op. margin 20.3%Industry: Condominium Developers
Transportation¥44.4B
14%
Op. margin 12.9%Industry: Private Railways
Other¥22.1B
7%
Op. margin 9.8%

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158期(2025/04/01－2026/03/31)
ID S100YFL12026-06-24Open
EDINET (FSA Japan)
有価証券報告書－第157期(2024/04/01－2025/03/31)
ID S100W0XK2025-06-25Open
EDINET (FSA Japan)
有価証券報告書－第156期(2023/04/01－2024/03/31)
ID S100TR1P2024-06-28Open
EDINET (FSA Japan)
有価証券報告書－第155期(2022/04/01－2023/03/31)
ID S100R5ZX2023-06-30Open
EDINET (FSA Japan)
有価証券報告書－第154期(令和3年4月1日－令和4年3月31日)
ID S100OGVM2022-06-30Open
EDINET (FSA Japan)
有価証券報告書－第153期(令和2年4月1日－令和3年3月31日)
ID S100LQEO2021-06-30Open

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

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