Keifuku Electric Railroad (9049) Reports Earnings: Operating Income Decreases 17.4% YoY to 634 Million Yen

Keifuku Electric Railroad (9049) has released its financial results, reporting an operating income down 17.4% year-on-year to 634 million yen. Operating revenue stood at 3,529 million yen, a 6.3% decrease compared to the same period of the previous year. In terms of profits, ordinary income was 644 million yen (a 17.0% decrease YoY), and net income attributable to owners of the parent came in at 396 million yen (a 22.6% decrease YoY). Comprehensive income also decreased by 9.7% YoY to 523 million yen. Meanwhile, the company maintains a solid financial foundation with an equity-to-asset ratio of 55.0% and retained earnings of 13.13 billion yen against interest-bearing debt of 7.09 billion yen. Key profitability metrics show a Return on Equity (ROE) of 2.74% and a Return on Assets (ROA) of 1.54%, with earnings per share (EPS) recorded at 199.58 yen.