Keihan Holdings

Retail & mixed-use property · 9045

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-08-07 · the filing

StoresRetail grew on Yodoyabashi Station One, opened last year, and a Uniqlo in Kansai Airport's departure area opened in June 2026; segment revenue rose 0.4% to ¥13.8bn and profit 33.3% to ¥0.71bn.
InboundHotels lost last year's Expo boost in Osaka and were hit by China's call for its citizens to avoid travel to Japan; leisure and services revenue fell 5.4% to ¥11.0bn and profit 31.5% to ¥1.8bn.

Other callouts in the filing

SegmentReal estate grew revenue 8.2% to ¥28.6bn and profit 11.9% to ¥5.5bn on condominium sales in Nagoya and Kyoto; transport rose 5.7% on the October 2025 fare increase.
OutlookFull-year guidance is unchanged: revenue of ¥321.8bn (−3.2%), operating profit of ¥42.4bn (−13.7%) and net income of ¥29.0bn (−13.6%).

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.

Show figures in

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-08-07

Operating revenue¥75.2bn+3.2%

Operating profit¥13.1bn+1.3%

Net income¥9.4bn0.0%

Keihan runs the Keihan railway between Osaka and Kyoto, with shopping centres such as Yodoyabashi Station One, and hotels. In April–June 2026 condominium sales and a fare rise lifted revenue 3.2% to ¥75.2bn and operating profit 1.3% to ¥13.1bn, while its hotels fell back after last year's Expo; net income was flat at ¥9.4bn.