Central Japan Railway Company (9022) Q3 2025 earnings summary

Executive summary

• Operating revenues for the nine months ended December 31, 2024, rose 7.5% year-over-year to ¥1,368.0B, surpassing pre-pandemic FY2019.3 levels, driven by increased passenger volumes and group company growth.

• Operating income increased 16.2% to ¥583.9B, and net income attributable to owners rose 18.2% to ¥376.8B.

• Comprehensive income increased 10.1% year-over-year to ¥373.6B.

• Upward revision of full-year forecasts for both revenue and income, reflecting strong third-quarter transportation revenues.

• 5-for-1 stock split effective October 1, 2023, with per-share figures adjusted retroactively.

Financial highlights

• Consolidated Q3 operating revenues: ¥1,368.0B, up ¥95.0B (7.5%) year-over-year.

• Operating income: ¥583.9B, up ¥81.3B (16.2%) year-over-year.

• Net income attributable to owners: ¥376.8B, up ¥58.0B (18.2%) year-over-year.

• Ordinary income grew 18.9% year-over-year to ¥540.9B.

• Net income per share (basic) was ¥382.99, up from ¥323.96 year-over-year.

Outlook and guidance

• FY2025.3 full-year consolidated operating revenues revised to ¥1,788.0B, up ¥26.0B from previous forecast.

• Operating income forecast raised to ¥650.0B, up ¥26.0B from previous guidance.

• Net income attributable to owners forecast increased to ¥410.0B, up ¥18.0B from prior forecast.

• Net income per share forecasted at ¥416.67 for the year ending March 31, 2025.