Central Japan Railway Company (9022) Q1 2025 earnings summary

Executive summary

• Transportation revenues and passenger volumes surpassed pre-pandemic FY2019.3 levels, driving consolidated operating revenue and income higher year-over-year.

• Operating revenues rose 10.2% year-over-year to ¥435.2B for the quarter ended June 30, 2024.

• Net income attributable to owners of the parent increased 32.3% year-over-year to ¥119.7B.

• Group companies' revenues and comprehensive income also increased, with comprehensive income reaching ¥118.6B, up 9.2%.

• Operating expenses increased, mainly from higher cost of sales at group companies.

Financial highlights

• Consolidated operating revenues for Q1 FY2025.3 were ¥435.2B, up 10.2% year-over-year.

• Operating income rose to ¥184.3B, a 25.8% increase year-over-year.

• Net income attributable to owners of the parent was ¥119.7B, up 32.3% year-over-year.

• Ordinary income increased to ¥171.3B, up 32.4% year-over-year.

• Net income per share (basic) was ¥121.73, reflecting a 5-for-1 stock split.

Outlook and guidance

• Full-year FY2025.3 forecasts remain unchanged from previous guidance.

• Fiscal 2025 full-year operating revenues are forecast at ¥1,740.0B, up 1.7% from the previous year.

• Net income attributable to owners of the parent is projected at ¥381.0B, down 0.9% year-over-year.

• Focus remains on safety, business operation reforms using ICT, and revenue expansion through innovation.