Kintetsu Group Holdings Holding Subsidiary Adjusts FY26 Forecast Due to Tax Asset Addition

Kintetsu Group Holdings Co.,Ltd. [9041.T]

TOKYO, May 08 (Pulse News Wire) – Kintetsu Group Holdings CO.,LTD. (9041.T) announced today that its subsidiary, KNT-CT Holdings Co., Ltd., has revised its fiscal year 2026 (April 1, 2025 to March 31, 2026) performance forecast due to additional deferred tax asset recognition.

According to the release, KNT-CT expects to recognize an adjustment amount of --¥2.500 billion in the fiscal year ending March 31, 2026, resulting from a reassessment of the recoverability of deferred tax assets based on current and future projected performance. As a result, the subsidiary's forecast for operating profit, ordinary profit, and net income attributable to parent company shareholders has been adjusted accordingly.

The revised forecasts show: - Sales: ¥297.1 billion (previously ¥298.0 billion) - Operating Profit: ¥6.100 billion (down 6.2% from previous estimate) - Ordinary Profit: ¥7.600 billion (up 4.1% from previous estimate) - Net Income Attributable to Parent Company Shareholders: ¥9.700 billion (up 42.6% from previous estimate) Despite robust growth in overseas travel, sales and operating profits are expected to fall below initial projections due to cancellations related to Middle East tensions. However, the addition of deferred tax adjustments is anticipated to boost net income significantly beyond earlier expectations.

Kintetsu Group Holdings noted that while these figures are based on available data as of the announcement date, actual results could differ due to various factors.

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