Hankyu Hanshin Holdings

Retail & mixed-use property · 9042

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-07-31 · the filing

JapanIts hotels lost last year's Expo boost: hotel sales fell to ¥15.7bn from ¥17.9bn and profit to ¥0.7bn from ¥1.7bn, and the travel business was also hit by the Expo comparison and Middle East tensions.
StoresIn Umeda it began demolishing the Osaka Shin-Hankyu Hotel in December 2025 and renovating Hankyu Osaka-umeda Station's third-floor concourse in January 2026, steps in a rebuild that includes a full overhaul of Hankyu Sanbangai.
Not disclosedThe quarterly materials give no tenant or store sales for its Umeda malls and no hotel occupancy or room-rate figures.

Other callouts in the filing

SegmentReal estate drove the quarter — sales up 24.8% to ¥128.1bn, profit up 23.8% to ¥28.1bn — but on condominium sales (¥70.7bn, from ¥40.8bn); leasing slipped to ¥47.6bn from ¥50.5bn after a year-earlier logistics-site sale.
OutlookFull-year guidance is unchanged: revenue of ¥1,265.0bn (+5.1%), operating profit of ¥121.7bn (−4.3%) and net income of ¥79.0bn (+0.6%).
BasisFrom this year the group's shrunken retail (流通) business, restructured, is reported inside railways, so the transport segment is not quite like-for-like with a year ago.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

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floortok holds 2 reported periods for this company.

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-07-31

Operating revenue¥339.0bn+9.5%

Operating profit¥49.5bn+2.9%

Net income¥36.8bn+7.6%

Hankyu Hanshin Holdings owns much of Osaka's Umeda — including Hankyu Sanbangai and its part of Grand Green Osaka — alongside the Hankyu and Hanshin railways and the Hanshin Tigers. In April–June 2026 its real-estate segment grew sales 24.8% to ¥128.1bn on condominium sales, while leasing slipped and its hotels lost last year's Expo boost. Group revenue rose 9.5% to ¥339.0bn, operating profit 2.9% to ¥49.5bn and net income 7.6% to ¥36.8bn, all first-quarter records, and full-year guidance was kept.

Full year to March 2026 · Year-to-Date

Reported 2026-05-15

Operating revenue¥1,203.5bn+8.7%

Operating profit¥127.1bn+14.7%

Net income¥78.5bn+16.5%

Hankyu Hanshin's year to March 2026 rode the Osaka-Kansai Expo and inbound travel: revenue rose 8.7% to ¥1,203.5bn, operating profit 14.7% to ¥127.1bn and net income 16.5% to ¥78.5bn, with real estate up 10.6% to ¥406.7bn.

SegmentReal estate grew sales 10.6% to ¥406.7bn and profit 16.5% to ¥67.1bn, but leasing profit dipped to ¥43.8bn from ¥44.4bn on opening costs for Grand Green Osaka's south building; hotels made ¥3.7bn, down from ¥4.2bn.