Komori
West Japan Railway Company (9021) · TargetSoftenedLatest Results presentation (2026-08-05): "Reframed"

Increase the non-railway business ratio to 40% in fiscal 2022

First written in FY2017. 3 of 8 entries say "Softened", first in FY2018. Latest entry: 2026-08-05.

8entries
10years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseRestatedFY2019-Q1 – FY2019SoftenedFY2020 – 2026-08-052017: 120172018: 220182019: 120192020: 120202021: 120212022: 020222023: 020232024: 020242025: 020252026: 22026
Same theme, other companies
Increasing the revenue share of non-railway businessesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. FY2021SoftenedAnnual report

    「In October 2020, in light of changes in the business environment, we formulated policies through FY2027, the period covered by the next medium-term management plan, and revised our management indicators through FY2022, with a view to restoring our medium- to long-term financial foundation, driving transformation in response to social changes, and setting out a path to safety and growth.」

    The specific target of a 40% non-railway business ratio was not reiterated and was replaced by the formulation of policies through FY2027 and the revision of management indicators for FY2022.
  2. FY2020SoftenedAnnual report

    「To that end, in light of changes in the business environment we face, we will re-examine the JR West Group Medium-Term Management Plan 2022, our Group's medium- to long-term management strategy, while maintaining railway safety, our core business, as a prerequisite,」

    A policy was presented of re-examining the Medium-Term Management Plan 2022 as a whole, rather than reiterating the specific target of a 40% non-railway business ratio.
  3. FY2019RestatedAnnual report

    「In businesses where we can capitalize on our strengths, we will strengthen our chain competitiveness by entering new markets while building an optimal business portfolio to support sustainable growth.」

    The company continues to pursue expansion into new markets and the construction of an optimal business portfolio.
  4. FY2019-Q1RestatedAnnual report

    「Although the business environment surrounding our group remains difficult due to market contraction and a decline in the workforce caused by population decline, increasingly severe natural disasters and other factors, we will continue to build on our strengths, pursue expansion into new markets and business areas, and work to enhance corporate value over the medium to long term.」

    The company continues to pursue expansion into new markets and business areas, including non-railway areas, with the aim of enhancing corporate value.
  5. FY2018SoftenedAnnual report

    「In businesses where we can capitalize on our strengths, we will strengthen our chain competitiveness by entering new markets while building an optimal business portfolio to support sustainable growth.」

    This filing does not reiterate the specific target of a 40% non-railway business ratio in FY2022, replacing it with references to expansion into new markets and business areas and the construction of an optimal business portfolio.
  6. FY2017First statedAnnual report

    「In addition to strengthening our existing businesses, we will pursue the development and cultivation of these new business areas and aim to increase the share of non-railway businesses in consolidated operating revenue from approximately 36% currently to 40% in FY2022.」

    For growth outside the railway business, a numerical target was set to increase the non-railway business share of consolidated operating revenue from approximately 36% to 40% in FY2022.
Moved together

"JR West Group Medium-Term Management Plan 2017" moved the same way as this thread, in the same document, in 4 of its 8 moves.

443322★123456
  1. ★This thread
  2. 1JR West Group Medium-Term Management Plan 20174×
  3. 2Capital Investment Plan under Medium-Term Management Plan 20224×
  4. 3Target of approximately 3% for total shareholder return on equity3×
  5. 4Financial Targets under Medium-Term Management Plan 20223×
  6. 5The Burden of Long-Term Debt and Interest Expense2×
  7. 6Higher revenue and profit, driven by the rebound from the Kumamoto Earthquake and other factors2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for West Japan Railway Company yet. It last moved in the Results presentation of 2026-08-05: "Reframed".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Increase the non-railway business ratio to 40% in fiscal 2022 | West Japan Railway Company (9021) | Komori