Retail & mixed-use property — latest reported results
Retail Earnings
Latest reported results, updated 2026-10-10
Retail & mixed-use property
The latest results of the landlords behind Japan's shopping districts and station buildings: Mitsui Fudosan, Mitsubishi Estate, Mori Building, Sumitomo Realty, the JR companies and the private railway groups.
28 companies
| atréFull year to March 2026 | Full year to March 2026 | ¥47.8bn | +4.4% | +19.9% | — |
|---|---|---|---|---|---|
| Central Japan RailwayQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥492.7bn | +3.0% | −0.9% | — |
| East Japan Railway (JR East)Q1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥772.7bn | +8.0% | +9.4% | — |
| Hankyu Hanshin HoldingsQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥339.0bn | +9.5% | +2.9% | — |
| HulicH1 2026 (Jan–Jun) | H1 2026 (Jan–Jun) | ¥416.6bn | +38.8% | +7.0% | — |
| Keihan HoldingsQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥75.2bn | +3.2% | +1.3% | — |
| Keikyu CorporationQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥74.5bn | +1.9% | −9.2% | — |
| Keio CorporationQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥123.2bn | +8.3% | −2.9% | — |
| Keisei Electric RailwayQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥86.6bn | +4.0% | +19.2% | — |
| Kintetsu Group HoldingsQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥460.5bn | +7.7% | +5.2% | — |
| Kyushu Railway CompanyQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥125.8bn | +7.1% | +4.4% | — |
| LUMINEFull year to March 2026 | Full year to March 2026 | ¥83.8bn | +8.2% | −19.1% | — |
| Mitsubishi EstateQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥497.7bn | +39.4% | +94.3% | — |
| Mitsui FudosanQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥616.9bn | −23.1% | −35.4% | — |
| Mori BuildingFull year to March 2026 | Full year to March 2026 | ¥411.1bn | +6.5% | +16.2% | — |
| Mori TrustFull year to March 2026 | Full year to March 2026 | ¥321.1bn | +14.0% | +12.1% | — |
| Nagoya RailroadQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥156.9bn | −6.9% | −4.2% | — |
| Nankai Electric RailwayQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥70.6bn | +12.6% | +0.1% | — |
| Nishi-Nippon RailroadQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥119.6bn | +14.2% | +22.8% | — |
| Nomura Real Estate HoldingsQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥191.1bn | −13.7% | −30.6% | — |
| Odakyu Electric RailwayQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥101.7bn | +3.5% | +6.9% | — |
| Sotetsu HoldingsQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥78.8bn | +4.9% | +7.5% | — |
| Sumitomo Realty & DevelopmentQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥281.0bn | −4.2% | +1.0% | — |
| Tobu RailwayQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥156.3bn | +5.2% | +10.6% | — |
| Tokyo TatemonoH1 2026 (Jan–Jun) | H1 2026 (Jan–Jun) | ¥194.4bn | −6.9% | +17.1% | — |
| Tokyu CorporationQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥273.5bn | +4.6% | −2.8% | — |
| Tokyu Fudosan HoldingsQ1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥285.8bn | −0.8% | +12.7% | — |
| West Japan Railway (JR West)Q1 (Apr–Jun 2026) | Q1 (Apr–Jun 2026) | ¥424.4bn | −0.6% | −11.7% | — |
Compare two companies
Pick any two of the tracked companies. The map places them against every company we track — growth across, profitability up — because growth and margins are each company's own figures and compare whatever it reports in and however long its period. Revenue and profit only compare when both cover the same months in the same currency, and the panel says so when they don't.
Point at any company to name it. Growth and margin are each company's own, in its own currency, so a quarter and a half-year sit here honestly side by side.
11 of the 145 tracked companies aren't shown: they report revenue without a comparable profit line, so there is no margin to place them at.
| Measure | H2O Retailing (Hankyu Hanshin)Q1 (Apr–Jun 2026) · Year-to-Date | Isetan Mitsukoshi HoldingsQ1 (Apr–Jun 2026) · Year-to-Date | Difference |
|---|---|---|---|
| Margins — comparable either way | |||
| Operating margin | 4.4% | 14.7% | −10.2 pts |
| Net margin | 6.3% | 17.3% | −11.0 pts |
| Reported figures — same period length, in JPY | |||
| Revenue | ¥164.5bn | ¥128.9bn | H2O Retailing (Hankyu Hanshin) is 1.28 times larger |
| Operating profit | ¥7.30bn | ¥18.9bn | Isetan Mitsukoshi Holdings is 2.59 times larger |
| Net income | ¥10.3bn | ¥22.3bn | Isetan Mitsukoshi Holdings is 2.17 times larger |
Margins are each company's own reported profit over its own reported revenue, so they are unaffected by the currency shown. Figures are the companies' own; floortok summarises them and does not restate them — except the quarter-alone and year-to-date rows, which are floortok's arithmetic on the companies' own earlier filings.
For the industry-wide picture behind these companies, see the monthly department-store sales trend in Market data.