Q1 (Apr–Jun 2026) · Year-to-Date
Revenue¥424.4bn−0.6%
Operating profit¥56.0bn−11.7%
Net income¥39.0bn−20.1%
JR West is the clearest read on the Kansai comedown. Its retail segment — LUCUA and the Osaka Station City shops — fell 4.8% to ¥55.1bn with segment profit down 26.4% to ¥3.8bn, and property fell 7.8% with profit down 16.6%. Group revenue slipped 0.6% to ¥424.4bn, operating profit 11.7% to ¥56.0bn and net income 20.1% to ¥39.0bn. The company guides the full year lower still: revenue −0.9%, operating profit −16.7%. Kintetsu and Nankai both name the reaction against last year's Osaka-Kansai Expo in their own filings; JR West's numbers are the same quarter from the biggest operator in the region.