Odakyu books Shinjuku demolition costs as its department-store-anchored segment grows, even as it cuts one profit forecast
Odakyu Electric Railway booked demolition costs from its Shinjuku Station west-exit redevelopment as an extraordinary loss this half, even as the "Life Services" segment that houses Odakyu Department Store grew revenue and profit -- a mixed half-year that raised two profit lines and cut a third.
Odakyu Electric Railway (小田急電鉄) said consolidated operating revenue rose 3.7% to ¥205.7 billion and operating profit 8.9% to ¥30.5 billion in the six months to September 2026, with net profit attributable to the parent up 15.3% to ¥26.6 billion, according to its half-year earnings report (決算短信) filed November 11. At the same time, the company revised its full-year forecast to an ordinary profit of ¥48.6 billion -- 10% below last fiscal year's actual -- even as it raised its operating-profit forecast to ¥55.0 billion, from ¥54.0 billion, on a stronger outlook for rail traffic, and kept net-profit guidance at ¥38.3 billion, up 2.5%.