Announcement • May 14
Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 17, 2026 Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 17, 2026. Announcement • May 10
Kobe Electric Railway Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Kobe Electric Railway Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 16 June 2026. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.9%). Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥62.69 (vs JP¥55.64 in 3Q 2025) Third quarter 2026 results: EPS: JP¥62.69 (up from JP¥55.64 in 3Q 2025). Revenue: JP¥5.92b (up 5.6% from 3Q 2025). Net income: JP¥496.0m (up 11% from 3Q 2025). Profit margin: 8.4% (up from 8.0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Dec 05
Kobe Electric Railway Co., Ltd. to Report Q3, 2026 Results on Jan 29, 2026 Kobe Electric Railway Co., Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Declared Dividend • Oct 31
Dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 30th March 2026 Payment date: 16th June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.3%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 45%. Reported Earnings • Oct 30
Second quarter 2026 earnings released: EPS: JP¥38.30 (vs JP¥30.62 in 2Q 2025) Second quarter 2026 results: EPS: JP¥38.30 (up from JP¥30.62 in 2Q 2025). Revenue: JP¥5.68b (up 4.9% from 2Q 2025). Net income: JP¥303.0m (up 23% from 2Q 2025). Profit margin: 5.3% (up from 4.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Sep 02
Kobe Electric Railway Co., Ltd. to Report Q2, 2026 Results on Oct 29, 2025 Kobe Electric Railway Co., Ltd. announced that they will report Q2, 2026 results on Oct 29, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥73.05 (vs JP¥66.84 in 1Q 2025) First quarter 2026 results: EPS: JP¥73.05 (up from JP¥66.84 in 1Q 2025). Revenue: JP¥5.78b (up 4.2% from 1Q 2025). Net income: JP¥578.0m (up 7.6% from 1Q 2025). Profit margin: 10.0% (in line with 1Q 2025). 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 10% per year, which means it is significantly lagging earnings. Announcement • Jun 05
Kobe Electric Railway Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Kobe Electric Railway Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥143 (vs JP¥127 in FY 2024) Full year 2025 results: EPS: JP¥143 (up from JP¥127 in FY 2024). Revenue: JP¥22.1b (flat on FY 2024). Net income: JP¥1.15b (up 12% from FY 2024). Profit margin: 5.2% (up from 4.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • May 13
Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 13, 2025 Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 13, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 7.3% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Announcement • Mar 05
Kobe Electric Railway Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Kobe Electric Railway Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: JP¥55.64 (vs JP¥49.41 in 3Q 2024) Third quarter 2025 results: EPS: JP¥55.64 (up from JP¥49.41 in 3Q 2024). Revenue: JP¥5.60b (flat on 3Q 2024). Net income: JP¥447.0m (up 13% from 3Q 2024). Profit margin: 8.0% (up from 7.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Feb 04
Kobe Electric Railway Co., Ltd. (TSE:9046) announces an Equity Buyback for 133,000 shares, representing 1.66% for ¥321.59 million. Kobe Electric Railway Co., Ltd. (TSE:9046) announces a share repurchase program. Under the program, the company will repurchase up to 133,000 shares, representing 1.66% of its share capital, for ¥321.59 million. The shares will be repurchased at ¥2,418 per share. The purpose of the program is to enhance shareholder returns and improve capital efficiency in response to changes in the business environment. As of December 31, 2024, the company had 8,033,522 shares in issue (excluding treasury stock) and 28,044 shares in treasury. Announcement • Dec 06
Kobe Electric Railway Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025 Kobe Electric Railway Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025 Declared Dividend • Nov 01
Dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 28th March 2025 Payment date: 16th June 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.3%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 4%. Announcement • Sep 03
Kobe Electric Railway Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Kobe Electric Railway Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥66.84 (vs JP¥58.99 in 1Q 2024) First quarter 2025 results: EPS: JP¥66.84 (up from JP¥58.99 in 1Q 2024). Revenue: JP¥5.55b (up 1.4% from 1Q 2024). Net income: JP¥537.0m (up 13% from 1Q 2024). Profit margin: 9.7% (up from 8.7% in 1Q 2024). 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 8% per year, which means it is significantly lagging earnings. Announcement • Jun 27
Kobe Electric Railway Co., Ltd. to Report Q1, 2025 Results on Aug 01, 2024 Kobe Electric Railway Co., Ltd. announced that they will report Q1, 2025 results on Aug 01, 2024 Reported Earnings • Jun 19
Full year 2024 earnings released: EPS: JP¥127 (vs JP¥84.12 in FY 2023) Full year 2024 results: EPS: JP¥127 (up from JP¥84.12 in FY 2023). Revenue: JP¥22.3b (up 4.7% from FY 2023). Net income: JP¥1.02b (up 52% from FY 2023). Profit margin: 4.6% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥127 (vs JP¥84.12 in FY 2023) Full year 2024 results: EPS: JP¥127 (up from JP¥84.12 in FY 2023). Revenue: JP¥22.3b (up 4.7% from FY 2023). Net income: JP¥1.02b (up 52% from FY 2023). Profit margin: 4.6% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 15
Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 13, 2024 Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 13, 2024. Announcement • Mar 15
Kobe Electric Railway Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Kobe Electric Railway Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Announcement • Feb 15
Kobe Electric Railway Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2024 Kobe Electric Railway Co., Ltd. provided dividend guidance for the year ending March 31, 2024. For the period, the company expects a dividend of ¥10.00 per share against ¥0.00 per share paid a year ago. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥49.40 (vs JP¥49.03 in 3Q 2023) Third quarter 2024 results: EPS: JP¥49.40 (up from JP¥49.03 in 3Q 2023). Revenue: JP¥5.57b (flat on 3Q 2023). Net income: JP¥397.0m (flat on 3Q 2023). Profit margin: 7.1% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Dec 07
Kobe Electric Railway Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024 Kobe Electric Railway Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥34.84 (vs JP¥16.18 in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.84 (up from JP¥16.18 in 2Q 2023). Revenue: JP¥5.45b (up 7.4% from 2Q 2023). Net income: JP¥280.0m (up 115% from 2Q 2023). Profit margin: 5.1% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Sep 14
Kobe Electric Railway Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Kobe Electric Railway Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 Announcement • Aug 05
Kobe Electric Railway Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024 Kobe Electric Railway Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, the company expects operating revenue of JPY 22,100 million, operating profit of JPY 1,430 million and profit attributable to owners of parent of JPY 620 million or JPY 77.15 per share. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥58.99 (vs JP¥56.99 in 1Q 2023) First quarter 2024 results: EPS: JP¥58.99 (up from JP¥56.99 in 1Q 2023). Revenue: JP¥5.47b (up 4.1% from 1Q 2023). Net income: JP¥474.0m (up 3.5% from 1Q 2023). Profit margin: 8.7% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 21
Full year 2023 earnings released: EPS: JP¥84.12 (vs JP¥64.58 in FY 2022) Full year 2023 results: EPS: JP¥84.12 (up from JP¥64.58 in FY 2022). Revenue: JP¥21.3b (up 3.9% from FY 2022). Net income: JP¥676.0m (up 30% from FY 2022). Profit margin: 3.2% (up from 2.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 10
Kobe Electric Railway Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Kobe Electric Railway Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Announcement • May 19
Kobe Electric Railway Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024 Kobe Electric Railway Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2024. For the period, the company expects operating revenue to be JPY 22,100 million, operating profit to be JPY 1,430 million, profit attributable to owners of parent to be JPY 620 million and earnings per share to be JPY 77.15. Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥84.12 (vs JP¥64.58 in FY 2022) Full year 2023 results: EPS: JP¥84.12 (up from JP¥64.58 in FY 2022). Revenue: JP¥21.3b (up 3.9% from FY 2022). Net income: JP¥676.0m (up 30% from FY 2022). Profit margin: 3.2% (up from 2.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 14
Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 15, 2023 Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 15, 2023. Announcement • Feb 08
Kobe Electric Railway Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Kobe Electric Railway Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the period, the company expects Operating revenue to be JPY 21,640 million, Operating profit to be JPY 1,500 million, Profit attributable to owners of parent to be JPY 590 million and Earnings per share to be JPY 73.41. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥49.02 (vs JP¥57.48 in 3Q 2022) Third quarter 2023 results: EPS: JP¥49.02 (down from JP¥57.48 in 3Q 2022). Revenue: JP¥5.57b (up 3.0% from 3Q 2022). Net income: JP¥394.0m (down 15% from 3Q 2022). Profit margin: 7.1% (down from 8.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Dec 24
Kobe Electric Railway Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Kobe Electric Railway Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥16.18 (vs JP¥11.32 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.18 (up from JP¥11.32 in 2Q 2022). Revenue: JP¥5.08b (flat on 2Q 2022). Net income: JP¥130.0m (up 43% from 2Q 2022). Profit margin: 2.6% (up from 1.8% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Outside Director Masatoshi Kasuya was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
Kobe Electric Railway Co., Ltd. Provides Earnings Forecast of Consolidated Financial Results for the Year Ending March 31, 2023 Kobe Electric Railway Co., Ltd. provided earnings forecast of consolidated financial results for the year ending March 31, 2023. For the year, company expects Operating revenue JPY 21,640 million, Operating profit JPY 1,500 million, Profit attributable to owners of parent to be JPY 590 million and Earnings per share to be JPY 73.41. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥16.17 (vs JP¥11.32 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.17 (up from JP¥11.32 in 2Q 2022). Revenue: JP¥5.08b (flat on 2Q 2022). Net income: JP¥130.0m (up 43% from 2Q 2022). Profit margin: 2.6% (up from 1.8% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Announcement • Sep 16
Kobe Electric Railway Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 Kobe Electric Railway Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥56.99 (vs JP¥23.64 in 1Q 2022) First quarter 2023 results: EPS: JP¥56.99 (up from JP¥23.64 in 1Q 2022). Revenue: JP¥5.26b (up 7.2% from 1Q 2022). Net income: JP¥458.0m (up 141% from 1Q 2022). Profit margin: 8.7% (up from 3.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 24
Kobe Electric Railway Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Kobe Electric Railway Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • Jun 17
Full year 2022 earnings released: EPS: JP¥64.57 (vs JP¥23.27 in FY 2021) Full year 2022 results: EPS: JP¥64.57 (up from JP¥23.27 in FY 2021). Revenue: JP¥20.5b (up 1.4% from FY 2021). Net income: JP¥519.0m (up 178% from FY 2021). Profit margin: 2.5% (up from 0.9% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • May 19
Kobe Electric Railway Co., Ltd. Provides Consolidated Earning Guidance for the Year Ending March 31, 2023 Kobe Electric Railway Co., Ltd. provided consolidated earning guidance for the year ending March 31, 2023. The company expects Operating revenue of JPY 21,640 million, Operating profit of JPY 1,500 million, profit attributable to owners of parent of JPY 590 million, EPS of JPY 73.41. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥64.57 (vs JP¥23.27 in FY 2021) Full year 2022 results: EPS: JP¥64.57 (up from JP¥23.27 in FY 2021). Revenue: JP¥20.5b (up 1.4% from FY 2021). Net income: JP¥519.0m (up 178% from FY 2021). Profit margin: 2.5% (up from 0.9% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • May 14
Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 14, 2022 Kobe Electric Railway Co., Ltd., Annual General Meeting, Jun 14, 2022. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Masatoshi Kasuya was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 08
Kobe Electric Railway Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Kobe Electric Railway Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥57.47 (down from JP¥74.03 in 3Q 2021). Revenue: JP¥5.41b (down 2.5% from 3Q 2021). Net income: JP¥462.0m (down 22% from 3Q 2021). Profit margin: 8.5% (down from 11% in 3Q 2021). Revenue was in line with analyst estimates. 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥11.32 (vs JP¥26.62 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥5.03b (down 6.6% from 2Q 2021). Net income: JP¥91.0m (down 57% from 2Q 2021). Profit margin: 1.8% (down from 4.0% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 01
First quarter 2022 earnings released: EPS JP¥23.64 (vs JP¥46.04 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.91b (up 12% from 1Q 2021). Net income: JP¥190.0m (up JP¥560.0m from 1Q 2021). Profit margin: 3.9% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 19
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥20.2b (down 11% from FY 2020). Net income: JP¥187.0m (down 81% from FY 2020). Profit margin: 0.9% (down from 4.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥23.27 (vs JP¥125 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥20.2b (down 11% from FY 2020). Net income: JP¥187.0m (down 81% from FY 2020). Profit margin: 0.9% (down from 4.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Mar 19
Kobe Electric Railway Co., Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 Kobe Electric Railway Co., Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 10
New 90-day high: JP¥3,775 The company is up 1.0% from its price of JP¥3,740 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 6.0% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥74.01 (vs JP¥57.48 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥5.54b (down 5.2% from 3Q 2020). Net income: JP¥595.0m (up 29% from 3Q 2020). Profit margin: 11% (up from 7.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Dec 11
Kobe Electric Railway Co., Ltd. to Report Q3, 2021 Results on Jan 28, 2021 Kobe Electric Railway Co., Ltd. announced that they will report Q3, 2021 results on Jan 28, 2021 Announcement • Oct 10
Kobe Electric Railway Co., Ltd. to Report Q2, 2021 Results on Oct 28, 2020 Kobe Electric Railway Co., Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020 Announcement • Jul 05
Kobe Electric Railway Co., Ltd. to Report Q1, 2021 Results on Jul 29, 2020 Kobe Electric Railway Co., Ltd. announced that they will report Q1, 2021 results on Jul 29, 2020 
