Seibu Holdings net income 88% less than expected, Corona impact May 12, 19:09

Seibu Holdings, which owns Seibu Railway Co., Ltd., revised its earnings forecast for the year ending March to downward due to the spread of the new coronavirus, and the final profit decreased by 88% from the previous forecast. , 4.6 billion yen.

Seibu Holdings estimates that its sales for the year ending March will be 54.5 billion yen, 3.3% lower than the previous forecast, and the final profit will be 83.6%, 4.6 billion yen. Corrected downward.

This is due to the refraining from going out and traveling due to the spread of the new coronavirus, the number of railway users has dropped significantly, in addition to the fact that most of the hotels operated have been closed for a while, and "Toshimaen" and This is due to the closure of leisure facilities such as Seibuen Yuenchi.

In addition, reviewing the value of golf courses and hotels and recording losses in these circumstances also pushed down the final profit.

Regarding the railway business, in addition to JR companies, private railway companies are also affecting the business performance due to the spread of infections, and Tokyu has revised its business forecast for the fiscal year ending March, and Keio Electric Railway and Keikyu Corporation The final profit fell sharply in the fiscal year ended March.