KNT-CT Holdings (Kinki Nippon Tourist, Club Tourism)

Airports & travel retail · 9726

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-08-06 · the filing

InboundInbound travel was the weak spot: gross bookings at its five main travel companies fell 25.2% to ¥4.44bn in April–June, 79.2% of the 2018 level. The company cites Japan–China relations and Middle East-related flight cuts; for June it adds last-minute hotel price cuts and a large group the year before.
JapanDomestic travel bookings slipped 1.8% to ¥55.55bn while overseas travel rose 5.7% to ¥23.56bn; total bookings at the five companies fell 1.4% to ¥86.47bn. Club Tourism's escorted domestic tours grew 5.7% to ¥26.73bn.
Not disclosedKNT-CT reports a single travel segment, so its results release gives no split. The domestic, overseas and inbound figures here are gross bookings (取扱額) from its monthly report covering Kinki Nippon Tourist, Club Tourism and three other group companies, not revenue.

Other callouts in the filing

BasisIn April 2026 it folded Kinki Nippon Tourist's directly run shops and purchasing, and Blue Planet's domestic web sales, into Club Tourism. On 30 June it bought back and cancelled all its B-class shares, cutting capital surplus by ¥25.1bn; its equity ratio fell to 26.4% from 42.3%.
OutlookFull-year guidance is unchanged: revenue of ¥307.0bn (+3.3%), operating profit of ¥6.2bn (+2.1%) and net income of ¥6.0bn (−38.0%).

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 2026-08-06

Net sales¥72.7bn−1.1%

Operating profit¥0.9bn−53.3%

Net income¥1.3bn−32.4%

KNT-CT Holdings, whose parent Kintetsu Group Holdings holds 53.7% of its votes directly, runs the Kinki Nippon Tourist and Club Tourism travel agencies. In April–June 2026 revenue fell 1.1% to ¥72.7bn, operating profit 53.3% to ¥0.93bn and net income 32.4% to ¥1.31bn; the company cites the fading of last year's Osaka Expo demand and the Middle East situation.