All statements contained in this site other than historical facts are forward-looking statements that reflect the judgements of the management of Tokyu Corporation based on information currently available. Actual results may differ materially from the statements.

Regarding the consolidated earnings forecast for the fiscal year ending March 2027, we anticipate an increase in ridership in the Transportation business and the continuation of a favorable business environment in the Real Estate and Hotel and Resort businesses, and project operating revenue of 1,140.0 billion yen (+ 5.0% YoY) and operating profit of 110.0 billion yen (+ 6.6% YoY). Ordinary profit is projected to be 111.4 billion yen (- 4.1% YoY), primarily due to a reactionary decline in the amount equivalent to negative goodwill resulting from the additional acquisition of investment units in Tokyu Real Estate Investment Corporation during the previous fiscal year. Profit attributable to owners of parent is projected to be 90.0 billion yen (+ 3.4% YoY).

* Business Profit  = Operating Profit + Investment gains (loss) from equity method (excl. listed companies (Tokyu Fudosan Holdings Corporation, Tokyu Construction Co., Ltd., Seikitokyu Kogyo Co., Ltd.)) + Dividend Income related to Real Estate Business, etc.

* Business Profit  = Operating Profit + Investment gains (loss) from equity method (excl. listed companies(Tokyu Fudosan Holdings Corporation, Tokyu Construction Co., Ltd., Seikitokyu Kogyo Co., Ltd.)) + Dividend Income related to Real Estate Business, etc.
* TOKYU EBITDA = Operating profit + Depreciation + Amortization of goodwill + Disposal cost of fixed assets + Interest and dividend income + Investment gains (loss) from equity method

With regard to shareholder returns, the Company adheres to the policies set forth in its current Medium-Term Management Plan, which aim to maintain stable dividends and aim for sustainable dividend growth in line with profit growth, and to implement capital policies including share buybacks in a flexible and proactive manner.

Based on these policies, the Company intends, for the time being, to target a total payout ratio of 40％.

In accordance with this approach, the annual dividend for FY2026 is projected to be 32 yen per share.

Furthermore, with respect to share repurchases, the Company announced on May 12, 2026 a plan to repurchase up to 13 million shares for a maximum amount of 20 billion yen in total.