TYO:9042

Hankyu Hanshin's Profit Rises 8% in Fiscal Q1

Hankyu Hanshin's (TYO:9042) profit attributable to owners of parent increased 7.6% to 36.8 billion yen in the fiscal first quarter ended June 30 from 34.2 billion yen a year earlier.The transport company's diluted earnings per share rose to 156.10 yen from 143.38 yen a year ago, according to a Friday Japan Exchange filing.Operating revenues increased 9.5% to 339 billion yen from 309.8 billion yen a year earlier.For the fiscal year ending March 31, 2027, Hankyu Hanshin projects profit attributable to owners of parent of 79 billion yen, or 340.04 yen per share, with operating revenues of 1.27 trillion yen.The company expects to pay a year-end dividend of 50 yen per share, bringing the full-year dividend to 100 yen per share.

Hankyu Hanshin Completes Stock Buyback

Hankyu Hanshin (TYO:9042) has acquired 1.68 million shares for 7.69 billion yen through market purchases on the Tokyo Stock Exchange between July 1 and July 15, completing the latest tranche of its broader buyback program.The acquisition was carried out under a board resolution from May 15, which authorized the repurchase of up to 7.5 million shares for a total of 30 billion yen through Oct. 29, according to a Tokyo bourse filing on Thursday.With the latest purchase, the company has now bought back 6.55 million shares at a cumulative cost of nearly 30 billion yen, essentially exhausting the authorized buyback budget.

Iwai Cosmo Upgrades Hankyu Hanshin Holdings to Outperform from Neutral Plus; Price Target is 5,600 Yen