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.

For the consolidated earnings forecast for the fiscal year ending March 31, 2026, we anticipate an increase in passenger numbers in the Transportation Business and continued favorable business conditions in the Hotel and Resort Business, while a reactionary decline in condominium sales is expected in the Real Estate Business compared to the previous year. 

As a result, Operating Revenue is projected to be 1,085.0 billion yen (+2.8% YoY) and Operating Profit 104.0 billion yen (+0.5% YoY). 

Recurring Profit is projected to be 115.4 billion yen (+7.1% YoY), reflecting not only the increase in operating profit but also higher equity-method investment gains and other factors.

Profit attributable to owners of parent is projected to be 84.0 billion yen (+5.4% 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 respect to shareholder returns, the Company is committed to maintaining stable dividends and pursuing sustainable dividend growth in line with profit expansion, with a medium- to long-term target dividend payout ratio of 30% in mind. 
Based on this policy, we plan to pay an annual dividend of 28 yen per share for fiscal 2025.
In addition, on May 14, 2025, the Company announced that it will repurchase up to 6.5 million shares of its own stock at a maximum cost of 10.0 billion yen for fiscal 2025.