Central Japan Railway Company (9022) Q1 2026 earnings summary

Executive summary

• Strong first quarter performance with operating revenues rising 9.9% year-over-year to ¥478.2–¥478.3 billion, driven by inbound demand and the Osaka-Kansai Expo.

• Net income attributable to owners increased 21.2% year-over-year to ¥145.2 billion.

• Operating income rose over 20% year-over-year, reflecting robust demand and effective revenue initiatives.

• Comprehensive income grew 34.8% year-over-year, reaching ¥159.95 billion.

Financial highlights

• Consolidated operating revenues reached ¥478.2–¥478.3 billion, up 9.9% year-over-year; operating income rose to ¥221.2 billion, up 20%.

• Net income per share (basic) was ¥147.88, up from ¥121.73 a year earlier.

• Total assets stood at ¥10,269.4 billion, with equity at ¥4,780.5 billion.

• Non-consolidated transportation revenues grew 11.3% year-over-year, with Shinkansen contributing ¥37.7 billion of the increase.

• Inbound revenue estimated at ¥45 billion for the quarter.

Outlook and guidance

• Fiscal 2026 full-year operating revenues forecast at ¥1,865 billion, up 1.8% from the previous year.

• Operating income projected at ¥667 billion (up 5.1%), net income at ¥423 billion (up 6.4%).

• Revenue increase initiatives target surpassing last year's growth, with continued focus on demand creation and pricing strategies.

• Flexible train schedules and additional rolling stock planned to meet ongoing robust demand.

• Dividend forecast unchanged at ¥32.00 per share for the year.