Seibu Holdings Inc. Revises Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024
September 28, 2023 at 03:45 am EDT
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Seibu Holdings Inc. revised consolidated earnings guidance for the six months ending September 30, 2023 and fiscal year ending March 31, 2024. For the six months, the company now expects operating revenue of JPY 237,000 million against the previous guidance of JPY 236,000 million, operating profit of JPY 30,000 million against the previous guidance of JPY 23,000 million, and profit attributable to owners of parent of JPY 26,000 million against the previous guidance of JPY 13,000 million.
For the full year, the company now expects operating revenue of JPY 463,000 million against the previous guidance of JPY 462,000 million, operating profit of JPY 41,000 million against the previous guidance of JPY 36,000 million, and profit attributable to owners of parent of JPY 34,000 million against the previous guidance of JPY 24,000 million.
Seibu Holdings, Inc. is a Japan-based holding company which operates in six business segments. Urban Transportation and Regional segment provides passenger transport through trains, buses, and taxis along Seibu rail lines in the Tokyo-Saitama area. Hotel and Leisure segment consists of a varied assortment of facilities in a wide range of fields including hotels, golf courses, ski resorts, and leisure facilities. Real Estate segment is engaged in the development of hotel space, development and operation of stores in train stations, and subdivision of housing, among others. Construction segment is engaged in all types of construction in areas including railway lines, social infrastructure, hotel remodeling, private sector construction, and housing. Hawaii Business segment operates hotels in Hawaii. Other Businesses segment consists of passenger transport in Izuhakone and Ohmi, and the operation of Seibu Lions baseball team. The Company has 53 subsidiaries and one associated company.