Central Japan Railway Company (9022) Q4 2025 earnings summary

Executive summary

• Operating revenues rose 7.1% year-over-year to ¥1,831.8 billion, with operating income up 15.7% to ¥702.8 billion and net income attributable to owners up 19.3% to ¥458.4 billion.

• Comprehensive income increased 4.5% to ¥464.7 billion, reflecting continued recovery and growth.

• The company executed a 5-for-1 stock split effective October 1, 2023, impacting per-share metrics.

Financial highlights

• Ordinary income grew 18.7% year-over-year to ¥649.3 billion.

• Net income per share (basic) was ¥465.88, up from ¥390.66, adjusted for the stock split.

• Return on net worth improved to 10.5% from 9.7% year-over-year.

• Net cash provided by operating activities was ¥624.6 billion, while investing activities used ¥956.0 billion, and financing activities used ¥95.5 billion.

• Cash and cash equivalents at year-end decreased to ¥394.7 billion from ¥821.7 billion.

Outlook and guidance

• Fiscal 2026 forecast: operating revenues of ¥1,865.0 billion (+1.8%), operating income of ¥667.0 billion (−5.1%), ordinary income of ¥608.0 billion (−6.4%), and net income attributable to owners of ¥423.0 billion (−7.7%).

• Net income per share forecasted at ¥429.88, not reflecting the impact of the planned share repurchase.