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West Japan Railway Company (9021) · TargetAdvancedLatest Financial results briefing materials (2026-08-05): "Reframed"

Capital Investment Plan under Medium-Term Management Plan 2022

First written in FY2018. 21 of 27 entries say "Advanced", first in FY2019-Q3. Latest entry: 2026-08-05.

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ProgressHeldSoftenedWorseAdvancedFY2019-Q3 – FY2020-Q3AdvancedFY2022-Q1 – 2026-04-302018: 120182019: 420192020: 320202021: 420212022: 420222023: 220232024: 320242025: 220252026: 42026
Same theme, other companies
Continued capital investment in the transportation and real estate businessesA theme 5 companies write about · 0 as a headwind · 5 as a tailwind

0 other companies' latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
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  1. 2026-08-05ReframedFinancial results briefing materials

    「Achieve transformation through strategically making the largest investment ever」

    The company reorganized its capital investment plan as the ¥2.62 trillion, 5-year investment plan under Medium-Term Management Plan 2030 and specified the scale of safety, maintenance and renewal, and growth investments.
  2. FY2026AdvancedAnnual report

    「The Group made capital investments totalling ¥286.4 billion during the fiscal year, including ¥196.1 billion in the mobility segment, ¥3.6 billion in distribution, ¥82.5 billion in real estate, ¥0.7 billion in travel and regional solutions, and ¥3.2 billion in other businesses.」

    Capital investment results for the fiscal year were updated to ¥286.4 billion in total, including ¥196.1 billion in the mobility segment and ¥82.5 billion in real estate.
  3. FY2026-H1AdvancedAnnual report

    「New major capital projects confirmed during the six months ended 30 September Project New rolling stock construction Mobility ¥ million May 2025 March 2033 109,231 Hokuriku Shinkansen: Shinkansen Integrated System (COSMOS) Replacement of central equipment, etc. Mobility 15,085 August 2025 March 2033」

    For capital investment, plans were newly confirmed for new rolling stock construction with a total investment of ¥109.231 billion and replacement of the central equipment and other components of the Hokuriku Shinkansen Integrated System for the Hokuriku Shinkansen with an investment of ¥15.085 billion, with both projects scheduled for completion in March 2033. For new rolling stock construction, facilities costing ¥1.1963 billion were completed during the first half.
  4. FY2025AdvancedAnnual report

    「The Group made capital investments totalling ¥284.2 billion during the fiscal year, including ¥169.9 billion in the mobility segment, ¥4.3 billion in distribution, ¥105.2 billion in real estate, ¥1.1 billion in travel and regional solutions, and ¥3.4 billion in other businesses.」

    Based on the capital investment plan, the Group invested a total of ¥284.2 billion in FY2025 and continued investing in safety and transport infrastructure, rolling stock and real estate.
  5. FY2025-H1AdvancedAnnual report

    「New major facilities completed during the six months ended 30 September Project Relocation of the Kinki Regional Headquarters Segment Mobility ¥ million May 2024 25,702 New rolling stock construction Mobility 5,882 May 2024 6,885 September 2024」

    The relocation of the Kinki Regional Headquarters was completed in May 2024 at a total construction cost of ¥25.702 billion, and new rolling stock construction projects were also completed in May and September 2024.
  6. FY2024AdvancedAnnual report

    「The Group made capital investments totalling ¥261.1 billion during the fiscal year, including ¥169.9 billion in the mobility segment, ¥2.6 billion in distribution, ¥85.6 billion in real estate, ¥0.7 billion in travel and regional solutions, and ¥2.1 billion in other businesses.」

    Based on the capital investment plan, the Group made total investments of ¥261.1 billion for the full year and continued investing in safety and transport infrastructure, rolling stock and real estate.
  7. FY2024-Q3AdvancedAnnual report

    「New major facilities completed during the nine months ended 31 December Project New rolling stock construction Segment Mobility ¥ million 6,498 July 2023 3,862 October 2023 10,708 December 2023 4,139 December 2023 New major capital projects confirmed during the nine months ended 31 December Project New rolling stock construction Segment Mobility ¥ million September 2023 FY2024 27,246」

    For new rolling stock construction, multiple projects were completed in July, October and December 2023, and a new plan with a total investment of ¥27,246 million and completion scheduled for FY2024 was also confirmed.
  8. FY2023AdvancedAnnual report

    「The Group made capital investments totalling ¥238.2 billion during the fiscal year, including ¥173.5 billion in the transportation segment, ¥3.8 billion in distribution, ¥58.7 billion in real estate and ¥2.0 billion in other businesses.」

    Despite the challenging environment, the Group made capital investments totalling ¥238.2 billion and continued investing in safety and transport infrastructure, rolling stock and real estate.
  9. FY2023-Q3AdvancedAnnual report

    「New major facilities completed during the nine months ended 31 December Project New rolling stock construction Segment Transportation Total construction cost ¥ million 3,567 May 2022 10,717 August 2022 12,553 December 2022 New major capital projects confirmed during the nine months ended 31 December Project New rolling stock construction Segment Transportation Total budget ¥21,262 million Commencement May 2022 Scheduled completion FY2024」

    For new rolling stock construction, a facility with a total construction cost of ¥12,553 million was completed in December 2022. In addition, a new rolling stock construction plan with a total investment of ¥21,262 million and completion scheduled for FY2024 was confirmed.
  10. FY2023-Q2AdvancedAnnual report

    「New major facilities completed during the six months ended 30 September Project New rolling stock construction Segment Transportation Total construction cost ¥ million 3,567 May 2022 10,717 August 2022」

    For new rolling stock construction, in addition to the project with a total construction cost of ¥3,567 million, a ¥10,717 million project was completed in August 2022.
  11. FY2023-Q1AdvancedAnnual report

    「New major facilities completed during the three months ended 30 June New rolling stock construction Transportation ¥ million May 2022 3,567 New major capital projects confirmed during the three months ended 30 June New rolling stock construction Transportation ¥ million May 2022 FY2024 21,262」

    New rolling stock construction costing ¥3,567 million was completed in May 2022, and a new rolling stock construction plan with a total investment of ¥21,262 million and completion scheduled for FY2024 was confirmed.
  12. FY2022AdvancedAnnual report

    「The Group made capital investments totalling ¥236.9 billion during the fiscal year, including ¥168.4 billion in the transportation segment, ¥1.9 billion in distribution, ¥61.3 billion in real estate and ¥5.2 billion in other businesses.」

    Even amid the challenging environment following the review of Medium-Term Plan 2022, the Group made capital investments totalling ¥236.9 billion and continued investing in safety, transport infrastructure and real estate.
  13. FY2022-Q3AdvancedAnnual report

    「New major facilities completed during the nine months ended 31 December Project New rolling stock construction Segment Transportation Total construction cost ¥ million 3,567 May 2021 5,514 September 2021 9,730 December 2021 New major capital projects confirmed during the nine months ended 31 December Sanyo Line, San'in Line and other optical-fiber cable installation Transportation ¥6,205 million October 2021 FY2030」

    A new rolling stock construction project with a total construction cost of ¥9,730 million was completed in December 2021. In addition, a plan for installing optical-fiber cables along the Sanyo Line, San'in Line and other lines was newly confirmed, with a total investment of ¥6,205 million and completion scheduled for FY2030.
  14. FY2022-Q2AdvancedAnnual report

    「New major facilities completed during the six months ended 30 June Project New rolling stock construction Segment Transportation Total construction cost ¥ million 974 Completion date June 2021 5,514 September 2021」

    For new rolling stock construction, completed capital projects with total construction costs of ¥974 million in June 2021 and ¥5,514 million in September 2021 were recorded in connection with the capital investment plan under Medium-Term Plan 2022.
  15. FY2022-Q1AdvancedAnnual report

    「New major capital projects confirmed during the three months ended 30 June East Hiroshima Continuous Grade-Separation Project Transportation ¥34,700 million June 2021 FY2036 Elevation of the Yamatoji Line between Nara and Koriyama and construction of a new station Transportation ¥13,740 million June 2021 FY2028」

    Capital investment plans were newly confirmed for the East Hiroshima Continuous Grade-Separation Project and the elevation of the Yamatoji Line between Nara and Koriyama and construction of a new station, together with their total budgets, commencement dates and scheduled completion fiscal years.
  16. FY2021SoftenedAnnual report

    「While continuing to develop and operate a risk management framework, including ensuring railway safety and steadily implementing measures to prevent COVID-19 infections among customers and employees, we are reducing cash outflows through thorough cost reductions and restrained capital investment.」

    The direction shifted from expanding capital investment under Medium-Term Plan 2022 to prioritising reduced cash outflows through cost reductions and restrained capital investment, subject to safety and infection prevention measures.
  17. FY2021-Q3AdvancedAnnual report

    「New major capital projects confirmed during the nine months ended 31 December Ashiya Station improvements ¥4,542 million August 2020 FY2023 New rolling stock construction ¥20,654 million September 2020 FY2021 Hirooka company housing and other land development (office building) ¥7,816 million August 2020 FY2022」

    In connection with the capital investment plan under Medium-Term Plan 2022, plans for Ashiya Station improvements, new rolling stock construction, and Hirooka company housing and other land development (office building) were newly confirmed.
  18. FY2021-Q1SoftenedAnnual report

    「In light of the extremely challenging conditions at present, while ensuring railway safety and steadily implementing measures to prevent COVID-19 infections among customers and employees, we will work to reduce cash outflows through thorough cost reductions and restraint on capital investment.」

    The policy was made more specific, shifting from language indicating that the capital investment plan under Medium-Term Plan 2022 would proceed as before to a policy that prioritises reducing cash outflows through cost reductions and restrained capital investment.
  19. FY2020SoftenedAnnual report

    「* The contents of Medium-Term Plan 2022 will be reviewed again. The following describes the current contents of Medium-Term Plan 2022.」

    The ¥1.27 trillion capital investment plan under Medium-Term Plan 2022 is listed as the current plan, but the plan itself is to be reviewed again.
  20. FY2020-Q3AdvancedAnnual report

    「Hiroshima Station Building Redevelopment Transportation, Real Estate and Other 59,621 October 2019 Spring 2025」

    In connection with the capital investment plan under Medium-Term Plan 2022, the Hiroshima Station Building Redevelopment was newly confirmed as a major capital project, with a total investment of ¥59.621 billion, work commencing in October 2019 and completion scheduled for spring 2025.
  21. FY2020-Q2AdvancedAnnual report

    「Plans for newly established major facilities finalized during the cumulative second quarter Suitá General Rolling Stock Depot renovation Transportation ¥35,534 million July 2019 FY2028」

    In connection with the capital investment plan under Mid-Term Management Plan 2022, the Company newly finalized the renovation of the Suita General Rolling Stock Depot as a project with a total cost of ¥35.534 billion, commenced in July 2019 and scheduled for completion in FY2028.
  22. FY2020-Q1AdvancedAnnual report

    「Project name New rolling stock construction Segment Transportation Total construction cost ¥4,672 million Completion June 2019」

    In connection with the capital investment plan under Mid-Term Management Plan 2022, the new rolling stock construction project, with a total construction cost of ¥4.672 billion, was completed in June 2019.
  23. FY2019AdvancedAnnual report

    「The Group made capital investments totaling ¥265.7 billion during the consolidated fiscal year, of which ¥207.2 billion was in the transportation business, ¥5.6 billion in the retail business, ¥44.8 billion in the real estate business, and ¥8.0 billion in other businesses.」

    Based on the capital investment policy under Mid-Term Management Plan 2022, the Company made total capital investments of ¥265.7 billion in FY2018.
  24. FY2019-Q3AdvancedAnnual report

    「Hakata General Rolling Stock Depot renovation Transportation 27,114 November 2018 FY2028」

    In connection with the capital investment plan under Mid-Term Management Plan 2022, the Company newly finalized the renovation of the Hakata General Rolling Stock Depot as a capital investment project with a total cost of ¥27.114 billion, commenced in November 2018 and scheduled for completion in FY2028.
  25. FY2018First statedAnnual report

    「Mid-Term Management Plan 2022 period (2018–2022) Maintenance and renewal investment (including safety investment) ¥810.0 billion (¥530.0 billion) Growth investment ¥460.0 billion Total ¥1,270.0 billion」

    For the 2018–2022 period of Mid-Term Management Plan 2022, the Company quantified maintenance and renewal investment, safety investment, growth investment, and total investment. Compared with the Mid-Term Management Plan 2017 period, total investment increased by ¥280.0 billion, safety investment by ¥40.0 billion, and growth investment by ¥180.0 billion.
Moved together

"Plan for Accumulation and Drawdown of the Provision for Major Shinkansen Railway Repairs" moved the same way as this thread, in the same document, in 19 of its 27 moves.

191716121110★123456
  1. ★This thread
  2. 1Plan for Accumulation and Drawdown of the Provision for Major Shinkansen Railway Repairs19×
  3. 2Target of approximately 3% for total shareholder return on equity17×
  4. 3Improving Customer Satisfaction and Attracting Fans of JR West16×
  5. 4Station-centered community development in collaboration with local communities and tourism promotion12×
  6. 5Capturing demand from inbound tourists11×
  7. 6New-brand hotel rollout through a joint venture with First Cabin10×

★ 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 Financial results briefing materials of 2026-08-05: "Reframed".
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Capital Investment Plan under Medium-Term Management Plan 2022 | West Japan Railway Company (9021) | Komori