Sotetsu Holdings,Inc. [9003.T]
TOKYO, Apr 28 (Pulse News Wire) – Sotetsu Holdings,inc. (9003.T) reported higher revenue and profits for the fiscal year ended March 2026.
Operating profit reached 388 billion yen, up from the previous year, driven by increased hotel occupancy and higher customer spending in its retail sector despite lower margins in real estate sales. Net income attributable to shareholders was 248 billion yen, marking a 10.9% increase compared to the previous fiscal year. In detail, the company's transportation division saw a rise in passenger volume, contributing to a 16.6% growth in operating profit.
Retail operations benefited from increased average transaction sizes and contributions from newly opened stores, resulting in a significant turnaround in profitability. However, the real estate development arm faced challenges due to reduced gross margins, leading to a decline in operating profit. Looking ahead, Sotetsu Holdings forecasts a slight decrease in operating profit for the next fiscal year, citing higher costs associated with facility maintenance and the impact of last year’s Osaka Expo events on hotel revenues.
Despite these headwinds, the company remains optimistic about long-term growth prospects, particularly in its expanding hotel portfolio and strategic investments in renewable energy projects.
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