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West Japan Railway Company (9021) investor relations material
West Japan Railway Company Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
1Q FY2027.3 saw year-on-year declines in revenue and profit, mainly due to the absence of the prior year's Osaka-Kansai Expo effect and increased inflation-driven costs, despite solid domestic demand.
Operating revenues for the quarter ended June 30, 2026, were ¥424,403 million, down 0.6% year-over-year.
Operating income decreased by 11.7% to ¥55,989 million compared to the same quarter last year.
Net income attributable to owners declined 20.1% year-on-year to ¥39,046 million.
Earnings and dividend forecasts remain unchanged as performance aligns with prior guidance.
Financial highlights
Consolidated operating revenues fell 0.6% year-on-year to ¥424.4B; operating income dropped 11.7% to ¥55.9B.
Net income attributable to owners declined 20.1% year-on-year to ¥39.0B.
EBITDA decreased 5.1% year-on-year to ¥100.0B.
Recurring income for the quarter was ¥52,125 million, a 12.7% decrease year-over-year.
Basic earnings per share dropped to ¥85.80 from ¥104.54 a year earlier.
Outlook and guidance
Full-year forecasts for revenue, income, and dividends remain unchanged, factoring in anticipated impacts from inflation and the Middle East situation.
Full-year operating revenues are forecast at ¥1,829,000 million, up 0.9% year-over-year.
Operating income is projected to decrease 21.1% to ¥145,000 million for the fiscal year.
Net income attributable to owners of the parent is expected to decline 21.6% to ¥100,000 million.
Annual dividend forecast remains unchanged at ¥97.50 per share.
The company expects the Middle East impact to materialize from 2Q onward, with close monitoring ongoing.
- Record profit from Expo and city projects; next year expects lower income but stable dividends.9021
Q4 2026 - Record 3Q growth, robust segment performance, and key structural changes completed.9021
Q3 2026 - Expo and city projects drove record growth, higher forecasts, and major capital returns.9021
Q2 2026 - Revenue and net income rose sharply year-over-year, with strong guidance and share buybacks.9021
Q1 2026 - Strong travel recovery, stock split, and share buyback drive record results and stable outlook.9021
Q1 2025 - Revenue and net income up for the fourth year; share buyback boosts shareholder value.9021
Q2 2025 - Record earnings and robust outlook driven by Expo, inbound demand, and city development.9021
Q4 2025 - Revenue and net income rose, supported by strong Mobility and a major share buyback.9021
Q3 2025
Next West Japan Railway Company earnings date
Next West Japan Railway Company earnings date
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