Promoting Diversity
SEIBU Outlook for the fiscal year ending March 31, 2025
The consolidated earnings forecast for the fiscal year is for operating revenue of ¥489.0 billion, an increase of 2.4% from the fiscal year ended March 31, 2024, mainly due to increasing RevPAR driven by price increases in the Hotel and Leisure business and the opening of Emi Terrace Tokorozawa (the Tokorozawa Station West Exit Development Plan).
Although operating revenue is expected to increase, operating profit is forecast to be ¥40.0 billion, a decrease of 16.2% from the previous fiscal year, mainly due to increases in electric power expenses, utilities expenses, raw materials expenses, and personnel expenses including wage increases, as well as an increase in expenses associated with increased capital investments for enhancing safety and security in the Urban Transportation and Regional business.
We expect EBITDA to be ¥97.0 billion (down 4.8% year on year).
Forecasts for operating revenue, operating profit, and EBITDA by segment are as follows.
Operating revenue for each segment
| March 31, 2025 (forecast) |
Y o Y change |
September 30, 2024 (forecast) |
Y o Y change |
|
|---|---|---|---|---|
| Real Estate | 79.1 | 0.1% | 38.0 | (3.9%) |
| Hotel and Leisure | 236.5 | 3.7% | 118.1 | 6.9% |
| Urban Transportation and Regional |
149.6 | 0.5％ | 74.4 | 1.3％ |
| Other | 50.8 | 13.3％ | 31.0 | 11.0% |
| Adjustments | (27.1) | ー | (14.5) | ー |
| Consolidated | 489.0 | 2.4％ | 247.0 | 3.4% |
Operating profit for each segment
| March 31, 2025 (forecast) |
Y o Y change |
September 30, 2024 (forecast) |
Y o Y change |
|
|---|---|---|---|---|
| Real Estate | 10.0 | (20.7%) | 5.1 | (30.8%) |
| Hotel and Leisure | 20.5 | 5.7% | 10.6 | 5.2% |
| Urban Transportation and Regional |
7.8 | (40.8％) | 7.0 | (29.9％) |
| Other | 1.6 | 16.8% | 3.8 | 2.2% |
| Adjustments | (0.2) | ー | (0.7) | ー |
| Consolidated | 40.0 | (16.2%) | 26.0 | (18.3%) |
EBITDA for each segment
| March 31, 2025 (forecast) |
Y o Y change |
September 30, 2024 (forecast) |
Y o Y change |
|
|---|---|---|---|---|
| Real Estate | 21.9 | (9.6%) | 10.7 | (17.9%) |
| Hotel and Leisure | 36.1 | 3.2% | 18.1 | 1.4% |
| Urban Transportation and Regional |
31.0 | (10.3％) | 18.0 | (11.2%) |
| Other | 6.2 | 9.7% | 6.0 | 3.8% |
| Adjustments | 1.5 | (29.1%) | 0.9 | 0.4% |
| Consolidated | 97.0 | (4.8%) | 54.0 | (7.1%) |
Ordinary profit is expected to be ¥35.0 billion, down 18.6% year on year. Profit attributable to owners of parent is expected to be ¥26 billion, down 3.7% year on year, due to factors including a reactionary decline associated with the recording of an extraordinary income in the fiscal year ended March 31, 2024 from income related to transfer of leasehold interests in land that arose when there was a change of lessee of land owned by Seibu Railway Co., Ltd., a consolidated subsidiary of the Company. Effects of the planned liquidation of Tokyo Garden Terrace Kioicho have not been factored into the consolidated earnings forecast for the fiscal year ending March 31, 2025.
For more details, please refer to “Overview of financial results for the fiscal year ended March 31, 2024”.