Hiroshima Electric Railway (9033) Earnings: Operating Income Up 24.0% YoY, Ordinary Profit Surges 115.2% YoY to 376 Million Yen

Hiroshima Electric Railway (9033) has released its financial results, reporting net sales of 10,103 million yen, a significant increase of 27.1% compared to the same period of the previous year. Operating income stood at 210 million yen (up 24.0% year-on-year), while ordinary profit jumped 115.2% year-on-year to 376 million yen. Net income attributable to owners of the parent surged 292.2% to 483 million yen, reflecting a strong recovery and growth across its business segments. Regarding financial stability and valuation metrics, the company maintains an equity ratio of 43.7%, indicating a solid financial foundation. Retained earnings stand at 14.06 billion yen against interest-bearing debt of 27.42 billion yen, highlighting the importance of ongoing cash flow management. Earnings per share (EPS) was recorded at 15.91 yen, with comprehensive income reaching 1,517 million yen, underscoring a notable improvement in overall profitability.