Central Japan Railway Company (9022) Q4 2025 earnings summary

Executive summary

• Transportation revenues reached a record high, driven by strong passenger growth on both the Tokaido Shinkansen and conventional lines.

• Group companies contributed to increased consolidated operating revenues and income, despite higher operating expenses.

• 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

• Consolidated operating revenues rose to ¥1,831.8 billion, up 7.1% year-over-year.

• Operating income increased 15.7% to ¥702.8 billion; net income attributable to owners of the parent rose 19.3% to ¥458.4 billion.

• 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.

• Year-end dividend set at ¥16 per share, with a share repurchase program up to ¥100 billion approved.

Outlook and guidance

• FY2026.3 consolidated operating revenues forecasted at ¥1,865.0 billion, up 1.8% year-over-year.

• Operating income expected to decrease 5.1% to ¥667.0 billion; net income attributable to owners of the parent projected at ¥423.0 billion, down 7.7%.

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