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  "documentTitle": "Keisei Electric Railway (9009)",
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  "notes": "The slide presents two tables: Reported Ratios (Before adjustments) and Adjusted Ratios (Pro Forma after adjustments) from 2020 to April 2025.",
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      "text": "Return-on-Equity: 2.1%",
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      "text": "PROFORMA CONSOLIDATED FINANCIAL STATEMENTS OF KEISEI ELECTRIC RAILWAY CO., LTD, IN WHICH KER WOULD TREAT THE INVESTMENT IN ORIENTAL LAND CO., LTD. (“OLC”) AS AVAILABLE-FOR-SALE SECURITIES, RATHER THAN INVESTMENT IN AN AFFILIATED COMPANY",
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      "text": "5. Key financial ratio of KER before and after adjustments",
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