Tobu Railway Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024
April 28, 2023 at 02:00 am EDT
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Tobu Railway Co., Ltd. provided consolidated earnings guidance for the six months ending September 30, 2023 and fiscal year ending March 31, 2024. For the six months, the company expects operating revenues of JPY 297,000 million, operating profit of JPY 25,000 million, profit attributable to owners of parent of JPY 15,500 million and basic earnings per share of JPY 74.40.
For the full year, the company expects operating revenues of JPY 605,500 million, operating profit of JPY 46,500 million, profit attributable to owners of parent of JPY 28,500 million and basic earnings per share of JPY 136.80.
Tobu Railway Co., Ltd. specializes in railway transportation services. The group is also developing retail, leisure centers operating and real estate promotion activities. Net sales break down by activity as follows:
- retail distribution (38.8%);
- railway transportation services (28.5%): detention, at the end of March 2021, of a network of 463.3 km of railway lines. Tobu Railway Co is also providing transportation by bus and taxi services;
- development and promotion of real estate assets (9.7%);
- leisure centers and hotels operating (7%);
- other (16%).
TOBU RAILWAY CO., LTD. 
