View ValuationWest Japan Railway 향후 성장Future 기준 점검 0/6West Japan Railway 의 수익은 연간 0.2% 감소할 것으로 예상되는 반면, 연간 수익은 2.7% 로 증가할 것으로 예상됩니다. EPS는 연간 0.2% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.6% 로 예상됩니다.핵심 정보-0.2%이익 성장률-0.23%EPS 성장률Transportation 이익 성장2.8%매출 성장률2.7%향후 자기자본이익률7.64%애널리스트 커버리지Good마지막 업데이트20 Aug 2026최근 향후 성장 업데이트분석 기사 • Aug 07Results: West Japan Railway Company Beat Earnings Expectations And Analysts Now Have New ForecastsLast week, you might have seen that West Japan Railway Company ( TSE:9021 ) released its quarterly result to the...공고 • Aug 05+ 1 more updateWest Japan Railway Company Provides Earnings Guidance for the Fiscal Year Ending March 31, 2027West Japan Railway Company provided earnings guidance for the Fiscal Year ending March 31, 2027. For the period, the company expects Operating revenues of JPY 1,829,000 million, Operating income of JPY 165,000 million, Net income attributable to owners of parent JPY 100,000 million and Basic earnings per share of JPY 219.74.분석 기사 • May 03West Japan Railway Company (TSE:9021) Just Released Its Full-Year Results And Analysts Are Updating Their EstimatesLast week, you might have seen that West Japan Railway Company ( TSE:9021 ) released its full-year result to the...공고 • Feb 06West Japan Railway Company Provides Earnings Guidance for the Fiscal Year Ending March 31, 2026West Japan Railway Company provided earnings guidance for the Fiscal Year ending March 31, 2026 (from April 1, 2025 to March 31, 2026). For the period, the company expects Operating revenues pf JPY 1,836,000 million, Operating income JPY 195,000 million, Income attributable to owners of parent JPY 118,500 million and Income attributable to owners of parent per share JPY 258.12 per share.분석 기사 • Feb 05West Japan Railway Company Just Missed EPS By 18%: Here's What Analysts Think Will Happen NextShareholders of West Japan Railway Company ( TSE:9021 ) will be pleased this week, given that the stock price is up 11...분석 기사 • Nov 13West Japan Railway Company Just Missed EPS By 7.1%: Here's What Analysts Think Will Happen NextLast week saw the newest interim earnings release from West Japan Railway Company ( TSE:9021 ), an important milestone...모든 업데이트 보기Recent updates분석 기사 • Aug 07Results: West Japan Railway Company Beat Earnings Expectations And Analysts Now Have New ForecastsLast week, you might have seen that West Japan Railway Company ( TSE:9021 ) released its quarterly result to the...공고 • Aug 06West Japan Railway Company Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2027West Japan Railway Company provided year end dividend guidance for the fiscal year ending March 31, 2027. For the period, the company expects dividend of JPY 49.00 per share against JPY 52.50 per share a year ago.공고 • Aug 05+ 1 more updateWest Japan Railway Company Provides Earnings Guidance for the Fiscal Year Ending March 31, 2027West Japan Railway Company provided earnings guidance for the Fiscal Year ending March 31, 2027. For the period, the company expects Operating revenues of JPY 1,829,000 million, Operating income of JPY 165,000 million, Net income attributable to owners of parent JPY 100,000 million and Basic earnings per share of JPY 219.74.Declared Dividend • Jul 25Final dividend increased to JP¥48.50Dividend of JP¥48.50 is 7.8% higher than last year. Ex-date: 29th September 2026 Payment date: 30th November 2026 Dividend yield will be 3.4%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 5.9% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.공고 • Jun 09West Japan Railway Company to Report Q1, 2027 Results on Aug 05, 2026West Japan Railway Company announced that they will report Q1, 2027 results on Aug 05, 2026실시간 뉴스 • May 05JR West Partners With Resona Group to Launch Integrated Kansai Banking and Transport ServicesJR West, Resona Holdings and Kansai Mirai Bank have agreed to a capital and business alliance focused on integrating transport, lifestyle and financial services in western Japan, especially the Kansai region. JR West plans to invest in Kansai Mirai Bank and work with the Resona Group to use its financial knowhow together with JR West’s customer base. The partners aim to launch a new banking service, currently called WESTER MIRAI BANK, in fiscal 2027, embedding banking and payment functions into everyday activities such as commuting and shopping. For you as an investor, this alliance points to JR West pushing further into nonfare revenue tied to its existing rail and station network. By collaborating with established financial institutions, the company is looking to connect its transport services with banking and payments, using daily touchpoints like commuting and retail spending across the Kansai area. The planned WESTER MIRAI BANK, targeted for fiscal 2027, indicates a move toward a more integrated service platform rather than only transport operations. A key consideration over time will be how effectively JR West and its partners convert rider and shopper traffic into financial service users, and whether this leads to deeper customer engagement and incremental fee or commission income alongside the core railway business.분석 기사 • May 03West Japan Railway Company (TSE:9021) Just Released Its Full-Year Results And Analysts Are Updating Their EstimatesLast week, you might have seen that West Japan Railway Company ( TSE:9021 ) released its full-year result to the...Reported Earnings • May 01Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥278 (up from JP¥240 in FY 2025). Revenue: JP¥1.85t (up 8.1% from FY 2025). Net income: JP¥127.5b (up 12% from FY 2025). Profit margin: 6.9% (up from 6.7% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공고 • Apr 30West Japan Railway Company, Annual General Meeting, Jun 18, 2026West Japan Railway Company, Annual General Meeting, Jun 18, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 36% and the cash payout ratio is 99%. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%).공고 • Feb 09West Japan Railway Company to Report Fiscal Year 2026 Results on Apr 30, 2026West Japan Railway Company announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on Apr 30, 2026공고 • Feb 06West Japan Railway Company Provides Earnings Guidance for the Fiscal Year Ending March 31, 2026West Japan Railway Company provided earnings guidance for the Fiscal Year ending March 31, 2026 (from April 1, 2025 to March 31, 2026). For the period, the company expects Operating revenues pf JPY 1,836,000 million, Operating income JPY 195,000 million, Income attributable to owners of parent JPY 118,500 million and Income attributable to owners of parent per share JPY 258.12 per share.분석 기사 • Feb 05West Japan Railway Company Just Missed EPS By 18%: Here's What Analysts Think Will Happen NextShareholders of West Japan Railway Company ( TSE:9021 ) will be pleased this week, given that the stock price is up 11...Reported Earnings • Feb 04Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: JP¥75.35 (down from JP¥95.53 in 3Q 2025). Revenue: JP¥467.6b (up 7.7% from 3Q 2025). Net income: JP¥34.3b (down 24% from 3Q 2025). Profit margin: 7.3% (down from 10% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공고 • Dec 06West Japan Railway Company to Report Q3, 2026 Results on Feb 03, 2026West Japan Railway Company announced that they will report Q3, 2026 results on Feb 03, 2026분석 기사 • Dec 02West Japan Railway Company's (TSE:9021) Shares Lagging The Market But So Is The BusinessWith a price-to-earnings (or "P/E") ratio of 10.8x West Japan Railway Company ( TSE:9021 ) may be sending bullish...Declared Dividend • Nov 29First half dividend of JP¥45.50 announcedShareholders will receive a dividend of JP¥45.50. Ex-date: 30th March 2026 Payment date: 19th June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.6% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range.분석 기사 • Nov 13West Japan Railway Company Just Missed EPS By 7.1%: Here's What Analysts Think Will Happen NextLast week saw the newest interim earnings release from West Japan Railway Company ( TSE:9021 ), an important milestone...공고 • Nov 05+ 1 more updateWest Japan Railway Company Announces Interim Dividend for the Second Quarter End of the Fiscal Year Ending March 31, 2026, Payable on November 28, 2025; Revises Dividend Guidance for the Fiscal Year Ending March 31, 2026West Japan Railway Company announced interim dividend for the second quarter end of the fiscal year ending March 31, 2026 and revised dividend guidance for the fiscal year ending March 31, 2026. For the second quarter end, the company announced dividend of JPY 45.00 per share against JPY 37.00 per share a year ago. Effective date is November 28, 2025. For the year, the company expects to pay dividend of JPY 45.50 per share against previous guidance of JPY 43.00 per share.Reported Earnings • Nov 05Second quarter 2026 earnings: EPS misses analyst expectationsSecond quarter 2026 results: EPS: JP¥82.53 (up from JP¥66.41 in 2Q 2025). Revenue: JP¥444.8b (up 8.9% from 2Q 2025). Net income: JP¥37.9b (up 21% from 2Q 2025). Profit margin: 8.5% (up from 7.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.분석 기사 • Oct 28West Japan Railway's (TSE:9021) Returns On Capital Are Heading HigherIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Upcoming Dividend • Sep 22Upcoming dividend of JP¥43.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).분석 기사 • Sep 10West Japan Railway's (TSE:9021) Dividend Will Be ¥43.00West Japan Railway Company ( TSE:9021 ) has announced that it will pay a dividend of ¥43.00 per share on the 28th of...공고 • Sep 09West Japan Railway Company to Report Q2, 2026 Results on Nov 04, 2025West Japan Railway Company announced that they will report Q2, 2026 results on Nov 04, 2025분석 기사 • Aug 25There Is A Reason West Japan Railway Company's (TSE:9021) Price Is UndemandingWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider West...New Risk • Aug 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Declared Dividend • Jul 09Final dividend of JP¥43.00 announcedShareholders will receive a dividend of JP¥43.00. Ex-date: 29th September 2025 Payment date: 28th November 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 19Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥240 (up from JP¥203 in FY 2024). Revenue: JP¥1.71t (up 4.5% from FY 2024). Net income: JP¥114.0b (up 15% from FY 2024). Profit margin: 6.7% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 8.0%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공고 • Jun 07West Japan Railway Company to Report Q1, 2026 Results on Aug 05, 2025West Japan Railway Company announced that they will report Q1, 2026 results on Aug 05, 2025New Risk • May 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 03Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥240 (up from JP¥203 in FY 2024). Revenue: JP¥1.71t (up 4.5% from FY 2024). Net income: JP¥114.0b (up 15% from FY 2024). Profit margin: 6.7% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 8.0%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공고 • May 02+ 4 more updatesWest Japan Railway Company, Annual General Meeting, Jun 18, 2025West Japan Railway Company, Annual General Meeting, Jun 18, 2025.Upcoming Dividend • Mar 21Upcoming dividend of JP¥37.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).공고 • Mar 04West Japan Railway Company to Report Fiscal Year 2025 Results on May 02, 2025West Japan Railway Company announced that they will report fiscal year 2025 results on May 02, 2025Reported Earnings • Feb 01Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: JP¥95.53 (up from JP¥87.70 in 3Q 2024). Revenue: JP¥434.3b (up 2.3% from 3Q 2024). Net income: JP¥44.9b (up 5.1% from 3Q 2024). Profit margin: 10% (in line with 3Q 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공고 • Dec 07West Japan Railway Company to Report Q3, 2025 Results on Jan 31, 2025West Japan Railway Company announced that they will report Q3, 2025 results on Jan 31, 2025Declared Dividend • Nov 29First half dividend of JP¥37.00 announcedShareholders will receive a dividend of JP¥37.00. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 03Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: JP¥66.41 (down from JP¥69.41 in 2Q 2024). Revenue: JP¥408.6b (up 2.0% from 2Q 2024). Net income: JP¥31.4b (down 7.1% from 2Q 2024). Profit margin: 7.7% (down from 8.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 20Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).공고 • Sep 07West Japan Railway Company to Report Q2, 2025 Results on Nov 01, 2024West Japan Railway Company announced that they will report Q2, 2025 results on Nov 01, 2024Board Change • Aug 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Kenryo Goto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥79.03 (vs JP¥68.35 in 1Q 2024)First quarter 2025 results: EPS: JP¥79.03 (up from JP¥68.35 in 1Q 2024). Revenue: JP¥402.8b (up 9.1% from 1Q 2024). Net income: JP¥38.3b (up 15% from 1Q 2024). Profit margin: 9.5% (in line with 1Q 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 11Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 4.1%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 25Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥405 (up from JP¥182 in FY 2023). Revenue: JP¥1.64t (up 17% from FY 2023). Net income: JP¥98.8b (up 12% from FY 2023). Profit margin: 6.0% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 130%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공고 • Jun 13West Japan Railway Company to Report Q1, 2025 Results on Aug 01, 2024West Japan Railway Company announced that they will report Q1, 2025 results on Aug 01, 2024Reported Earnings • May 01Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥811 (up from JP¥182 in FY 2023). Revenue: JP¥1.64t (up 17% from FY 2023). Net income: JP¥98.8b (up 12% from FY 2023). Profit margin: 6.0% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 130%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공고 • May 01West Japan Railway Company, Annual General Meeting, Jun 19, 2024West Japan Railway Company, Annual General Meeting, Jun 19, 2024.공고 • Apr 30+ 1 more updateWest Japan Railway Company (TSE:9021) announces an Equity Buyback for 20,000,000 shares, representing 4.1% for ¥50,000 million.West Japan Railway Company (TSE:9021) announces a share repurchase program. Under the program, the company will repurchase 20,000,000 shares, representing 4.1% of its share capital, for ¥50,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until September 20, 2024. As of March 31, 2024, the company had 487,677,750 shares outstanding (excluding treasury shares) and 325,450 shares in treasury.Upcoming Dividend • Mar 21Upcoming dividend of JP¥62.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.2%).공고 • Mar 05West Japan Railway Company to Report Fiscal Year 2024 Results on Apr 30, 2024West Japan Railway Company announced that they will report fiscal year 2024 results on Apr 30, 2024Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥175 (vs JP¥93.79 in 3Q 2023)Third quarter 2024 results: EPS: JP¥175 (up from JP¥93.79 in 3Q 2023). Revenue: JP¥424.4b (up 19% from 3Q 2023). Net income: JP¥42.7b (up 87% from 3Q 2023). Profit margin: 10% (up from 6.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공고 • Dec 10West Japan Railway Company to Report Q3, 2024 Results on Jan 31, 2024West Japan Railway Company announced that they will report Q3, 2024 results on Jan 31, 2024Reported Earnings • Nov 02Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: JP¥139 (up from JP¥27.27 in 2Q 2023). Revenue: JP¥400.6b (up 25% from 2Q 2023). Net income: JP¥33.8b (up 409% from 2Q 2023). Profit margin: 8.4% (up from 2.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥50.00 per share at 1.5% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 48% and the cash payout ratio is 87%. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.2%).공고 • Sep 10West Japan Railway Company to Report Q2, 2024 Results on Oct 31, 2023West Japan Railway Company announced that they will report Q2, 2024 results on Oct 31, 2023Reported Earnings • Aug 02First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: JP¥137 (down from JP¥237 in 1Q 2023). Revenue: JP¥369.3b (up 24% from 1Q 2023). Net income: JP¥33.3b (down 42% from 1Q 2023). Profit margin: 9.0% (down from 20% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공고 • Jun 07West Japan Railway Company to Report Q1, 2024 Results on Aug 01, 2023West Japan Railway Company announced that they will report Q1, 2024 results on Aug 01, 2023공고 • May 25Solasto Corporation (TSE:6197) sign a contract to acquire 96.63% stake in POSSIBLE Medical Science, Ltd. from West Japan Railway Company (TSE:9021) for ¥1.3 billion.Solasto Corporation (TSE:6197) sign a contract to acquire 96.63% stake in POSSIBLE Medical Science, Ltd. from West Japan Railway Company (TSE:9021) for ¥1.3 billion on May 24, 2023. Solasto Corporation will acquire 14,339 shares in POSSIBLE Medical Science. POSSIBLE Medical Science has reported revenues of ¥1.91 billion, total assets of ¥765 million, EBIT of ¥38 million, net income of ¥43 million and net assets of ¥305 million on fiscal year ended January 2023. The board resolution date is May 24, 2023. The transaction is expected to complete on July 3, 2023.Reported Earnings • Apr 29Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥363 (up from JP¥516 loss in FY 2022). Revenue: JP¥1.40t (up 35% from FY 2022). Net income: JP¥88.5b (up JP¥201.7b from FY 2022). Profit margin: 6.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).Reported Earnings • Feb 01Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: JP¥93.79 (up from JP¥59.88 in 3Q 2022). Revenue: JP¥358.1b (up 22% from 3Q 2022). Net income: JP¥22.9b (up 56% from 3Q 2022). Profit margin: 6.4% (up from 5.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 17% per year.공고 • Dec 09West Japan Railway Company to Report Q3, 2023 Results on Jan 31, 2023West Japan Railway Company announced that they will report Q3, 2023 results on Jan 31, 2023Reported Earnings • Nov 16Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: JP¥27.27 (up from JP¥184 loss in 2Q 2022). Revenue: JP¥319.6b (up 36% from 2Q 2022). Net income: JP¥6.65b (up JP¥43.2b from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 70%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 03Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: JP¥27.27 (up from JP¥184 loss in 2Q 2022). Revenue: JP¥319.6b (up 36% from 2Q 2022). Net income: JP¥6.65b (up JP¥43.2b from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 70%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%).Reported Earnings • Aug 03First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: JP¥237 (up from JP¥168 loss in 1Q 2022). Revenue: JP¥297.1b (up 47% from 1Q 2022). Net income: JP¥57.9b (up JP¥90.0b from 1Q 2022). Profit margin: 20% (up from net loss in 1Q 2022). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 22% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 30Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: JP¥516 loss per share (up from JP¥1,220 loss in FY 2021). Revenue: JP¥1.03t (up 15% from FY 2021). Net loss: JP¥113.2b (loss narrowed 52% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 31%, compared to a 21% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).Reported Earnings • Feb 02Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥59.88 (up from JP¥176 loss in 3Q 2021). Revenue: JP¥293.2b (up 15% from 3Q 2021). Net income: JP¥14.6b (up JP¥48.3b from 3Q 2021). Profit margin: 5.0% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 211%. Over the next year, revenue is forecast to grow 32%, compared to a 18% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 04Second quarter 2022 earnings released: JP¥184 loss per share (vs JP¥269 loss in 2Q 2021)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥234.9b (up 3.7% from 2Q 2021). Net loss: JP¥36.5b (loss narrowed 29% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%).Reported Earnings • Aug 15First quarter 2022 earnings released: JP¥168 loss per share (vs JP¥401 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥202.0b (up 24% from 1Q 2021). Net loss: JP¥32.1b (loss narrowed 58% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Aug 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -JP¥151 to -JP¥201 per share. Revenue forecast unchanged at JP¥1.16t. Transportation industry in Japan expected to see average net income growth of 0.9% next year. Consensus price target broadly unchanged at JP¥6,764. Share price rose 2.9% to JP¥5,853 over the past week.이익 및 매출 성장 예측TSE:9021 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/20291,953,634105,022-215,388N/A93/31/20281,895,360101,986-184,683N/A113/31/20271,842,170103,792-212,437N/A116/30/20261,843,184117,703N/AN/AN/A3/31/20261,845,840127,49978,495361,634N/A12/31/20251,801,737120,309N/AN/AN/A9/30/20251,768,387130,96341,601320,711N/A6/30/20251,732,223124,528N/AN/AN/A3/31/20251,707,944113,958-1,814281,431N/A12/31/20241,686,378103,525N/AN/AN/A9/30/20241,676,507101,32925,548288,459N/A6/30/20241,668,533103,720N/AN/AN/A3/31/20241,635,02398,76168,962318,314N/A12/31/20231,615,008111,044N/AN/AN/A9/30/20231,548,72891,15456,103319,041N/A6/30/20231,467,65763,969N/AN/AN/A3/31/20231,395,53188,52827,951273,964N/A12/31/20221,275,95828,195N/AN/AN/A9/30/20221,210,97419,953-134,46692,158N/A6/30/20221,126,279-23,241N/AN/AN/A3/31/20221,031,103-113,198-326,948-86,468N/A12/31/2021983,118-125,393N/AN/AN/A9/30/2021945,035-173,733-284,805-57,808N/A6/30/2021936,763-188,588N/AN/AN/A3/31/2021898,172-233,214-345,342-103,295N/A12/31/20201,001,546-189,575N/AN/AN/A9/30/20201,136,137-119,218-283,653-8,891N/A6/30/20201,305,806-29,841N/AN/AN/A3/31/20201,508,20189,380N/A240,152N/A12/31/20191,551,908122,078N/AN/AN/A9/30/20191,554,354126,750N/A303,965N/A6/30/20191,533,964106,713N/AN/AN/A3/31/20191,529,308102,750N/A289,728N/A12/31/20181,518,18699,810N/AN/AN/A9/30/20181,510,32599,132N/A269,015N/A6/30/20181,509,035114,300N/AN/AN/A3/31/20181,500,445110,493N/A275,101N/A12/31/20171,486,749107,210N/AN/AN/A9/30/20171,468,148102,015N/A277,361N/A6/30/20171,455,78998,460N/AN/AN/A3/31/20171,441,41191,288N/A234,144N/A12/31/20161,441,49280,608N/AN/AN/A9/30/20161,442,25776,944N/A228,090N/A6/30/20161,448,06683,743N/AN/AN/A3/31/20161,451,30085,868N/A259,880N/A12/31/20151,429,32384,838N/AN/AN/A9/30/20151,408,19678,330N/A250,046N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 9021 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.2%).수익 vs 시장: 9021 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.2%).고성장 수익: 9021 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 9021 의 수익(연간 2.7%)이 JP 시장(연간 6.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 9021 의 수익(연간 2.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 9021의 자본 수익률은 3년 후 7.6%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/22 18:15종가2026/08/21 00:00수익2026/06/30연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스West Japan Railway Company는 22명의 분석가가 다루고 있습니다. 이 중 11명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Takayuki HayanoBarclaysHironori NakakuraBofA Global ResearchRyota HimenoCitigroup Inc19명의 분석가 더 보기
분석 기사 • Aug 07Results: West Japan Railway Company Beat Earnings Expectations And Analysts Now Have New ForecastsLast week, you might have seen that West Japan Railway Company ( TSE:9021 ) released its quarterly result to the...
공고 • Aug 05+ 1 more updateWest Japan Railway Company Provides Earnings Guidance for the Fiscal Year Ending March 31, 2027West Japan Railway Company provided earnings guidance for the Fiscal Year ending March 31, 2027. For the period, the company expects Operating revenues of JPY 1,829,000 million, Operating income of JPY 165,000 million, Net income attributable to owners of parent JPY 100,000 million and Basic earnings per share of JPY 219.74.
분석 기사 • May 03West Japan Railway Company (TSE:9021) Just Released Its Full-Year Results And Analysts Are Updating Their EstimatesLast week, you might have seen that West Japan Railway Company ( TSE:9021 ) released its full-year result to the...
공고 • Feb 06West Japan Railway Company Provides Earnings Guidance for the Fiscal Year Ending March 31, 2026West Japan Railway Company provided earnings guidance for the Fiscal Year ending March 31, 2026 (from April 1, 2025 to March 31, 2026). For the period, the company expects Operating revenues pf JPY 1,836,000 million, Operating income JPY 195,000 million, Income attributable to owners of parent JPY 118,500 million and Income attributable to owners of parent per share JPY 258.12 per share.
분석 기사 • Feb 05West Japan Railway Company Just Missed EPS By 18%: Here's What Analysts Think Will Happen NextShareholders of West Japan Railway Company ( TSE:9021 ) will be pleased this week, given that the stock price is up 11...
분석 기사 • Nov 13West Japan Railway Company Just Missed EPS By 7.1%: Here's What Analysts Think Will Happen NextLast week saw the newest interim earnings release from West Japan Railway Company ( TSE:9021 ), an important milestone...
분석 기사 • Aug 07Results: West Japan Railway Company Beat Earnings Expectations And Analysts Now Have New ForecastsLast week, you might have seen that West Japan Railway Company ( TSE:9021 ) released its quarterly result to the...
공고 • Aug 06West Japan Railway Company Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2027West Japan Railway Company provided year end dividend guidance for the fiscal year ending March 31, 2027. For the period, the company expects dividend of JPY 49.00 per share against JPY 52.50 per share a year ago.
공고 • Aug 05+ 1 more updateWest Japan Railway Company Provides Earnings Guidance for the Fiscal Year Ending March 31, 2027West Japan Railway Company provided earnings guidance for the Fiscal Year ending March 31, 2027. For the period, the company expects Operating revenues of JPY 1,829,000 million, Operating income of JPY 165,000 million, Net income attributable to owners of parent JPY 100,000 million and Basic earnings per share of JPY 219.74.
Declared Dividend • Jul 25Final dividend increased to JP¥48.50Dividend of JP¥48.50 is 7.8% higher than last year. Ex-date: 29th September 2026 Payment date: 30th November 2026 Dividend yield will be 3.4%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 5.9% over the next 3 years. However, it would need to fall by 61% to increase the payout ratio to a potentially unsustainable range.
공고 • Jun 09West Japan Railway Company to Report Q1, 2027 Results on Aug 05, 2026West Japan Railway Company announced that they will report Q1, 2027 results on Aug 05, 2026
실시간 뉴스 • May 05JR West Partners With Resona Group to Launch Integrated Kansai Banking and Transport ServicesJR West, Resona Holdings and Kansai Mirai Bank have agreed to a capital and business alliance focused on integrating transport, lifestyle and financial services in western Japan, especially the Kansai region. JR West plans to invest in Kansai Mirai Bank and work with the Resona Group to use its financial knowhow together with JR West’s customer base. The partners aim to launch a new banking service, currently called WESTER MIRAI BANK, in fiscal 2027, embedding banking and payment functions into everyday activities such as commuting and shopping. For you as an investor, this alliance points to JR West pushing further into nonfare revenue tied to its existing rail and station network. By collaborating with established financial institutions, the company is looking to connect its transport services with banking and payments, using daily touchpoints like commuting and retail spending across the Kansai area. The planned WESTER MIRAI BANK, targeted for fiscal 2027, indicates a move toward a more integrated service platform rather than only transport operations. A key consideration over time will be how effectively JR West and its partners convert rider and shopper traffic into financial service users, and whether this leads to deeper customer engagement and incremental fee or commission income alongside the core railway business.
분석 기사 • May 03West Japan Railway Company (TSE:9021) Just Released Its Full-Year Results And Analysts Are Updating Their EstimatesLast week, you might have seen that West Japan Railway Company ( TSE:9021 ) released its full-year result to the...
Reported Earnings • May 01Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥278 (up from JP¥240 in FY 2025). Revenue: JP¥1.85t (up 8.1% from FY 2025). Net income: JP¥127.5b (up 12% from FY 2025). Profit margin: 6.9% (up from 6.7% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공고 • Apr 30West Japan Railway Company, Annual General Meeting, Jun 18, 2026West Japan Railway Company, Annual General Meeting, Jun 18, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥45.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 36% and the cash payout ratio is 99%. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%).
공고 • Feb 09West Japan Railway Company to Report Fiscal Year 2026 Results on Apr 30, 2026West Japan Railway Company announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on Apr 30, 2026
공고 • Feb 06West Japan Railway Company Provides Earnings Guidance for the Fiscal Year Ending March 31, 2026West Japan Railway Company provided earnings guidance for the Fiscal Year ending March 31, 2026 (from April 1, 2025 to March 31, 2026). For the period, the company expects Operating revenues pf JPY 1,836,000 million, Operating income JPY 195,000 million, Income attributable to owners of parent JPY 118,500 million and Income attributable to owners of parent per share JPY 258.12 per share.
분석 기사 • Feb 05West Japan Railway Company Just Missed EPS By 18%: Here's What Analysts Think Will Happen NextShareholders of West Japan Railway Company ( TSE:9021 ) will be pleased this week, given that the stock price is up 11...
Reported Earnings • Feb 04Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: JP¥75.35 (down from JP¥95.53 in 3Q 2025). Revenue: JP¥467.6b (up 7.7% from 3Q 2025). Net income: JP¥34.3b (down 24% from 3Q 2025). Profit margin: 7.3% (down from 10% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공고 • Dec 06West Japan Railway Company to Report Q3, 2026 Results on Feb 03, 2026West Japan Railway Company announced that they will report Q3, 2026 results on Feb 03, 2026
분석 기사 • Dec 02West Japan Railway Company's (TSE:9021) Shares Lagging The Market But So Is The BusinessWith a price-to-earnings (or "P/E") ratio of 10.8x West Japan Railway Company ( TSE:9021 ) may be sending bullish...
Declared Dividend • Nov 29First half dividend of JP¥45.50 announcedShareholders will receive a dividend of JP¥45.50. Ex-date: 30th March 2026 Payment date: 19th June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.6% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range.
분석 기사 • Nov 13West Japan Railway Company Just Missed EPS By 7.1%: Here's What Analysts Think Will Happen NextLast week saw the newest interim earnings release from West Japan Railway Company ( TSE:9021 ), an important milestone...
공고 • Nov 05+ 1 more updateWest Japan Railway Company Announces Interim Dividend for the Second Quarter End of the Fiscal Year Ending March 31, 2026, Payable on November 28, 2025; Revises Dividend Guidance for the Fiscal Year Ending March 31, 2026West Japan Railway Company announced interim dividend for the second quarter end of the fiscal year ending March 31, 2026 and revised dividend guidance for the fiscal year ending March 31, 2026. For the second quarter end, the company announced dividend of JPY 45.00 per share against JPY 37.00 per share a year ago. Effective date is November 28, 2025. For the year, the company expects to pay dividend of JPY 45.50 per share against previous guidance of JPY 43.00 per share.
Reported Earnings • Nov 05Second quarter 2026 earnings: EPS misses analyst expectationsSecond quarter 2026 results: EPS: JP¥82.53 (up from JP¥66.41 in 2Q 2025). Revenue: JP¥444.8b (up 8.9% from 2Q 2025). Net income: JP¥37.9b (up 21% from 2Q 2025). Profit margin: 8.5% (up from 7.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
분석 기사 • Oct 28West Japan Railway's (TSE:9021) Returns On Capital Are Heading HigherIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Upcoming Dividend • Sep 22Upcoming dividend of JP¥43.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 28 November 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).
분석 기사 • Sep 10West Japan Railway's (TSE:9021) Dividend Will Be ¥43.00West Japan Railway Company ( TSE:9021 ) has announced that it will pay a dividend of ¥43.00 per share on the 28th of...
공고 • Sep 09West Japan Railway Company to Report Q2, 2026 Results on Nov 04, 2025West Japan Railway Company announced that they will report Q2, 2026 results on Nov 04, 2025
분석 기사 • Aug 25There Is A Reason West Japan Railway Company's (TSE:9021) Price Is UndemandingWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider West...
New Risk • Aug 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Declared Dividend • Jul 09Final dividend of JP¥43.00 announcedShareholders will receive a dividend of JP¥43.00. Ex-date: 29th September 2025 Payment date: 28th November 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 19Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥240 (up from JP¥203 in FY 2024). Revenue: JP¥1.71t (up 4.5% from FY 2024). Net income: JP¥114.0b (up 15% from FY 2024). Profit margin: 6.7% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 8.0%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공고 • Jun 07West Japan Railway Company to Report Q1, 2026 Results on Aug 05, 2025West Japan Railway Company announced that they will report Q1, 2026 results on Aug 05, 2025
New Risk • May 03New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 03Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥240 (up from JP¥203 in FY 2024). Revenue: JP¥1.71t (up 4.5% from FY 2024). Net income: JP¥114.0b (up 15% from FY 2024). Profit margin: 6.7% (up from 6.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 8.0%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공고 • May 02+ 4 more updatesWest Japan Railway Company, Annual General Meeting, Jun 18, 2025West Japan Railway Company, Annual General Meeting, Jun 18, 2025.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥37.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
공고 • Mar 04West Japan Railway Company to Report Fiscal Year 2025 Results on May 02, 2025West Japan Railway Company announced that they will report fiscal year 2025 results on May 02, 2025
Reported Earnings • Feb 01Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: JP¥95.53 (up from JP¥87.70 in 3Q 2024). Revenue: JP¥434.3b (up 2.3% from 3Q 2024). Net income: JP¥44.9b (up 5.1% from 3Q 2024). Profit margin: 10% (in line with 3Q 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공고 • Dec 07West Japan Railway Company to Report Q3, 2025 Results on Jan 31, 2025West Japan Railway Company announced that they will report Q3, 2025 results on Jan 31, 2025
Declared Dividend • Nov 29First half dividend of JP¥37.00 announcedShareholders will receive a dividend of JP¥37.00. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 03Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: EPS: JP¥66.41 (down from JP¥69.41 in 2Q 2024). Revenue: JP¥408.6b (up 2.0% from 2Q 2024). Net income: JP¥31.4b (down 7.1% from 2Q 2024). Profit margin: 7.7% (down from 8.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).
공고 • Sep 07West Japan Railway Company to Report Q2, 2025 Results on Nov 01, 2024West Japan Railway Company announced that they will report Q2, 2025 results on Nov 01, 2024
Board Change • Aug 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Kenryo Goto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥79.03 (vs JP¥68.35 in 1Q 2024)First quarter 2025 results: EPS: JP¥79.03 (up from JP¥68.35 in 1Q 2024). Revenue: JP¥402.8b (up 9.1% from 1Q 2024). Net income: JP¥38.3b (up 15% from 1Q 2024). Profit margin: 9.5% (in line with 1Q 2024). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 11Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 4.1%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 25Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥405 (up from JP¥182 in FY 2023). Revenue: JP¥1.64t (up 17% from FY 2023). Net income: JP¥98.8b (up 12% from FY 2023). Profit margin: 6.0% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 130%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공고 • Jun 13West Japan Railway Company to Report Q1, 2025 Results on Aug 01, 2024West Japan Railway Company announced that they will report Q1, 2025 results on Aug 01, 2024
Reported Earnings • May 01Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥811 (up from JP¥182 in FY 2023). Revenue: JP¥1.64t (up 17% from FY 2023). Net income: JP¥98.8b (up 12% from FY 2023). Profit margin: 6.0% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 130%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공고 • May 01West Japan Railway Company, Annual General Meeting, Jun 19, 2024West Japan Railway Company, Annual General Meeting, Jun 19, 2024.
공고 • Apr 30+ 1 more updateWest Japan Railway Company (TSE:9021) announces an Equity Buyback for 20,000,000 shares, representing 4.1% for ¥50,000 million.West Japan Railway Company (TSE:9021) announces a share repurchase program. Under the program, the company will repurchase 20,000,000 shares, representing 4.1% of its share capital, for ¥50,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until September 20, 2024. As of March 31, 2024, the company had 487,677,750 shares outstanding (excluding treasury shares) and 325,450 shares in treasury.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥62.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.2%).
공고 • Mar 05West Japan Railway Company to Report Fiscal Year 2024 Results on Apr 30, 2024West Japan Railway Company announced that they will report fiscal year 2024 results on Apr 30, 2024
Reported Earnings • Feb 02Third quarter 2024 earnings released: EPS: JP¥175 (vs JP¥93.79 in 3Q 2023)Third quarter 2024 results: EPS: JP¥175 (up from JP¥93.79 in 3Q 2023). Revenue: JP¥424.4b (up 19% from 3Q 2023). Net income: JP¥42.7b (up 87% from 3Q 2023). Profit margin: 10% (up from 6.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공고 • Dec 10West Japan Railway Company to Report Q3, 2024 Results on Jan 31, 2024West Japan Railway Company announced that they will report Q3, 2024 results on Jan 31, 2024
Reported Earnings • Nov 02Second quarter 2024 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2024 results: EPS: JP¥139 (up from JP¥27.27 in 2Q 2023). Revenue: JP¥400.6b (up 25% from 2Q 2023). Net income: JP¥33.8b (up 409% from 2Q 2023). Profit margin: 8.4% (up from 2.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥50.00 per share at 1.5% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 48% and the cash payout ratio is 87%. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.2%).
공고 • Sep 10West Japan Railway Company to Report Q2, 2024 Results on Oct 31, 2023West Japan Railway Company announced that they will report Q2, 2024 results on Oct 31, 2023
Reported Earnings • Aug 02First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: JP¥137 (down from JP¥237 in 1Q 2023). Revenue: JP¥369.3b (up 24% from 1Q 2023). Net income: JP¥33.3b (down 42% from 1Q 2023). Profit margin: 9.0% (down from 20% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공고 • Jun 07West Japan Railway Company to Report Q1, 2024 Results on Aug 01, 2023West Japan Railway Company announced that they will report Q1, 2024 results on Aug 01, 2023
공고 • May 25Solasto Corporation (TSE:6197) sign a contract to acquire 96.63% stake in POSSIBLE Medical Science, Ltd. from West Japan Railway Company (TSE:9021) for ¥1.3 billion.Solasto Corporation (TSE:6197) sign a contract to acquire 96.63% stake in POSSIBLE Medical Science, Ltd. from West Japan Railway Company (TSE:9021) for ¥1.3 billion on May 24, 2023. Solasto Corporation will acquire 14,339 shares in POSSIBLE Medical Science. POSSIBLE Medical Science has reported revenues of ¥1.91 billion, total assets of ¥765 million, EBIT of ¥38 million, net income of ¥43 million and net assets of ¥305 million on fiscal year ended January 2023. The board resolution date is May 24, 2023. The transaction is expected to complete on July 3, 2023.
Reported Earnings • Apr 29Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥363 (up from JP¥516 loss in FY 2022). Revenue: JP¥1.40t (up 35% from FY 2022). Net income: JP¥88.5b (up JP¥201.7b from FY 2022). Profit margin: 6.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per share at 1.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).
Reported Earnings • Feb 01Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: JP¥93.79 (up from JP¥59.88 in 3Q 2022). Revenue: JP¥358.1b (up 22% from 3Q 2022). Net income: JP¥22.9b (up 56% from 3Q 2022). Profit margin: 6.4% (up from 5.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 17% per year.
공고 • Dec 09West Japan Railway Company to Report Q3, 2023 Results on Jan 31, 2023West Japan Railway Company announced that they will report Q3, 2023 results on Jan 31, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: JP¥27.27 (up from JP¥184 loss in 2Q 2022). Revenue: JP¥319.6b (up 36% from 2Q 2022). Net income: JP¥6.65b (up JP¥43.2b from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 70%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 03Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: JP¥27.27 (up from JP¥184 loss in 2Q 2022). Revenue: JP¥319.6b (up 36% from 2Q 2022). Net income: JP¥6.65b (up JP¥43.2b from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 70%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%).
Reported Earnings • Aug 03First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2023 results: EPS: JP¥237 (up from JP¥168 loss in 1Q 2022). Revenue: JP¥297.1b (up 47% from 1Q 2022). Net income: JP¥57.9b (up JP¥90.0b from 1Q 2022). Profit margin: 20% (up from net loss in 1Q 2022). Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 22% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 30Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: JP¥516 loss per share (up from JP¥1,220 loss in FY 2021). Revenue: JP¥1.03t (up 15% from FY 2021). Net loss: JP¥113.2b (loss narrowed 52% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 31%, compared to a 21% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).
Reported Earnings • Feb 02Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥59.88 (up from JP¥176 loss in 3Q 2021). Revenue: JP¥293.2b (up 15% from 3Q 2021). Net income: JP¥14.6b (up JP¥48.3b from 3Q 2021). Profit margin: 5.0% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 211%. Over the next year, revenue is forecast to grow 32%, compared to a 18% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 04Second quarter 2022 earnings released: JP¥184 loss per share (vs JP¥269 loss in 2Q 2021)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥234.9b (up 3.7% from 2Q 2021). Net loss: JP¥36.5b (loss narrowed 29% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%).
Reported Earnings • Aug 15First quarter 2022 earnings released: JP¥168 loss per share (vs JP¥401 loss in 1Q 2021)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥202.0b (up 24% from 1Q 2021). Net loss: JP¥32.1b (loss narrowed 58% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Aug 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -JP¥151 to -JP¥201 per share. Revenue forecast unchanged at JP¥1.16t. Transportation industry in Japan expected to see average net income growth of 0.9% next year. Consensus price target broadly unchanged at JP¥6,764. Share price rose 2.9% to JP¥5,853 over the past week.