Kintetsu Group Holdings Co.,Ltd.
9041・Prime Market・Land Transportation
Transportation
Core segment of the Kintetsu Group, operating railways, buses, taxis, and related businesses.
| Period | Current | Previous | Change |
|---|---|---|---|
| Operating revenue (external customers) | ¥223,270 million | ¥214,464 million | ↑ |
| Total segment operating revenue (including internal) | ¥232,021 million | ¥223,225 million | ↑ |
| Segment profit (operating income) | ¥38,064 million | ¥34,664 million | ↑ |
| Segment assets | ¥965,434 million | ¥951,137 million | ↑ |
| Depreciation expense | ¥29,989 million | ¥28,198 million | ↑ |
| Increase in property, plant and equipment and intangible assets | ¥38,212 million | ¥36,360 million | ↑ |
Business Details
Centered on Kintetsu Corporation, this segment operates buses (Kintetsu Bus, Nara Kotsu, etc.), taxis (Kintetsu Taxi Group), railway facility maintenance (Kintetsu Technology Holdings, etc.), and Other Transportation-Related Business (ferry operations, rental/leasing, etc.). Anchored by a 501.1km railway network, it handles passenger transportation in the Kinki and Tokai areas, with capturing inbound and tourism demand serving as the primary driver of revenue growth. In FY2026 (ending March 2026), operating revenue from external customers was ¥223,270 million, and segment profit was ¥38,064 million.
Recent Overview
Strong performance with operating revenue up 3.9% and operating income up 9.8%, driven by the Expo, inbound demand, and increased limited express service.
In the Transportation segment for FY2026 (ending March 2026), increased passenger numbers due to the Osaka-Kansai Expo, the effect of increased service of the Nagoya-Osaka limited express "Hinotori" following the timetable revision implemented in February 2025, and steady inbound demand and tourism demand toward the Ise-Shima area all contributed to results. Operating revenue from external customers increased 3.9% year on year to ¥223,270 million, and operating income increased 9.8% year on year to ¥38,064 million. As safety investments, platform doors began service at Tsuruhashi Station and Kintetsu Nagoya Station, and facility investments such as railway slope reinforcement and bridge seismic reinforcement continue.
Key Products
Growth Drivers
- Capturing passenger and consumption demand associated with the Osaka-Kansai Expo (materializing in FY2026, ending March 2026)
- Strengthening the capture of tourism and business demand through increased service and timetable changes for the Nagoya-Osaka limited express "Hinotori"
- Continued growth in inbound demand (improved convenience through services such as credit card tap payment boarding)
- Increase in tourist passengers to Ise-Shima and Nara areas (continuation of proactive campaign measures)
- Maintaining transportation quality and brand value through safety investments such as platform door installation
Risks
- Long-term decline in commuter and student passengers due to Japan's declining population and aging society
- Cost increase pressure from rising prices, labor costs, and energy costs
- Increase in interest expense accompanying rising interest rates (materializing across the group)
- Risk of fluctuation in inbound demand (impact of factors such as the Chinese government's request to refrain from travel to Japan)
- Physical risk to railway infrastructure from large-scale earthquakes and other natural disasters
- Decline in passenger demand in FY2027 (ending March 2027) due to the rebound effect from the end of the Osaka-Kansai Expo
Last updated: June 17, 2026