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West Japan Railway Company (9021) investor relations material
West Japan Railway Company Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved revenue and income growth for the fifth consecutive period, with record-high income in 3Q FY2026.3, driven by strong post-Expo demand and robust domestic and inbound travel.
Operating revenues for the nine months ended December 31, 2025, rose 7.5% year-over-year to ¥1,339,470 million, with operating income up 12.4% to ¥197,135 million and net income attributable to owners of parent up 5.5% to ¥121,003 million.
Comprehensive income increased to ¥130,303 million from ¥116,249 million year-over-year.
All major business segments—mobility, retail, and real estate—posted year-over-year revenue and income growth, with retail and real estate segments achieving record 3Q income.
Financial highlights
Consolidated operating revenues rose 7.5% year-over-year to ¥1,339.4 billion for 3Q; operating income increased 12.4% to ¥197.1 billion.
Net income attributable to owners of parent grew 5.5% year-over-year to ¥121.0 billion.
EBITDA reached ¥328.1 billion, up 9.5% year-over-year.
EPS for the nine months was ¥262.83, up from ¥240.84 in the prior year.
Total assets as of December 31, 2025, were ¥3,848,680 million, and net assets were ¥1,316,228 million.
Outlook and guidance
Full-year forecasts for operating revenues (¥1,836.0 billion), operating income (¥195.0 billion), and net income (¥118.5 billion) are unchanged.
Dividend forecast maintained at ¥90.5 per share, with continued share buybacks to recover EPS to pre-pandemic levels.
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