Nishi-Nippon Railroad

Retail & mixed-use property · 9031

The Japan read

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

StoresOffices in Tenjin's ONE FUKUOKA BLDG., opened last year, kept filling and condominium sales rose, lifting real-estate revenue 26.1% to ¥21.2bn and profit 3.9% to ¥2.1bn.
JapanHotels and leisure grew revenue 12.0% to ¥11.4bn and profit 36.1% to ¥1.6bn on higher room rates and the ONE FUKUOKA HOTEL, opened last year.

Other callouts in the filing

SegmentRetail and restaurants, mainly supermarkets, grew 1.9% to ¥18.2bn and returned to a ¥67mn profit, helped by Leganet Kasugabaru, opened in February 2026.
OutlookFull-year guidance is unchanged: revenue of ¥510.0bn (+7.2%), operating profit of ¥24.5bn (−21.8%) and net income of ¥22.5bn (−30.0%).
BasisSegments were reorganised from April 2026 under the new mid-term plan, so year-ago figures are restated.

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

Operating revenue¥119.6bn+14.2%

Operating profit¥6.3bn+22.8%

Net income¥8.4bn+29.7%

Nishi-Nippon Railroad (Nishitetsu) is Fukuoka's main railway and a Tenjin landlord, with the ONE FUKUOKA BLDG. and ONE FUKUOKA HOTEL among its properties. In April–June 2026 real-estate revenue rose 26.1% to ¥21.2bn as condominium sales grew and Tenjin offices filled, and hotels and leisure rose 12.0% on higher room rates. Revenue rose 14.2% to ¥119.6bn, operating profit 22.8% to ¥6.3bn and net income 29.7% to ¥8.4bn; the company still expects full-year operating profit to fall 21.8%.