Komori
Earnings presentation9022Central Japan Railway CompanyTransportation and Logistics

Materials for the Briefing on Financial Results for the First Quarter of the Fiscal Year Ending March 2027

In the first quarter of the fiscal year ending March 2027, operating revenues increased by ¥14.4 billion year on year to ¥492.7 billion, while operating income decreased by ¥2.0 billion to ¥219.1 billion and net income attributable to owners of the parent decreased by ¥2.5 billion to ¥142.6 billion.

Worth reading
58In focus
Scored from 3 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
144
¥100 million (year-on-year increase in operating revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFirst quarter of the fiscal year ending March 20274 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,927 100 million+3.0%
Operating profit¥2,191 100 million-0.9%
Ordinary income¥2,085 100 million+0.5%
Net income¥1,426 100 million -1.8%quarterly net income attributable to owners of the parent
Results for the three months of the current quarter
Operating revenue
¥4,927 100 million
Operating profit
¥2,191 100 million
Ordinary income
¥2,085 100 million
Profit attributable to owners of parent for the quarter
¥1,426 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Higher transport revenue¥4.8 billion increase in transportation operating revenues
  • Higher sales at department stores and station shops¥3.3 billion increase in retail operating revenues
  • Higher rental income from commercial facilities at stations¥0.8 billion increase in real estate operating revenues
  • Higher sales in the railway rolling stock and other manufacturing business¥5.3 billion increase in other operating revenues
  • Increase in personnel expenses due to base-pay increases¥2.4 billion increase in standalone personnel expenses
  • Increase in repair expenses due to higher labor costs¥4.0 billion increase in standalone repair expenses
  • Increase in system-related expenses¥3.2 billion increase in standalone operating expenses
  • Introduction of the special defense corporate tax¥2.4 billion increase in consolidated income taxes and other taxes
New initiatives
  • Timetable revision to operate up to 13 Nozomi services per hour during certain time periods
    Implementation dateMarch 2026
  • Introduction of the Supreme Class Cabin (private-room type)
    Implementation dateOctober 2026
  • Introduction of the Supreme Class Seat (semi-private-room type)
    Implementation dateDuring fiscal 2027
  • Enhancement of Green Car services
    Implementation dateDuring fiscal 2027
  • Various measures, including collaborations, to stimulate demand
    Implementation dateFirst quarter of the fiscal year ending March 2027
Key KPIsA metric the company considers important as a management benchmark.
  • Tokaido Shinkansen passenger traffic at the Tokyo terminal cross-section101 % vs. FY2025
    Year on year against the same period last year+1 percentage point approximately
  • Tokaido Shinkansen inbound revenue in 1Q (estimated)¥490 100 million
    Year on year against the same period last year+7％
  • Tokaido Shinkansen transportation revenues¥3,878 100 million
    Year on year against the same period last year+1.2％
  • Conventional-line transportation revenue
    Year on year against the same period last year+¥0.3 billion
Segment results
  • Transportation
    Net Sales¥4,043 100 million
    Year-on-Year Change in Revenue (%)1.3
    Operating profit¥2,043 100 million
    Operating profit year-on-year_pct-2.4
  • Distribution Business
    Net Sales¥470 100 million
    Year-on-Year Change in Revenue (%)8.6
    Operating profit¥42 100 million
    Operating profit year-on-year_pct33.8
  • Real Estate Business
    Net Sales¥224 100 million
    Year-on-Year Change in Revenue (%)-5.9
    Operating profit¥71 100 million
    Operating profit year-on-year_pct3.4
  • Other
    Net Sales¥606 100 million
    Year-on-Year Change in Revenue (%)5.1
    Operating profit¥36 100 million
    Operating profit year-on-year_pct57.1
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥4,927 100 million (YoY +3.0%)
Operating profit¥2,191 100 million (YoY -0.9%)
Ordinary income¥2,085 100 million (YoY +0.5%)
Net income¥1,426 100 million (quarterly net income attributable to owners of the parent) (YoY -1.8%)
Results for the three months of the current quarterOperating revenue ¥4,927 100 million / Operating profit ¥2,191 100 million / Ordinary income ¥2,085 100 million / Profit attributable to owners of parent for the quarter ¥1,426 100 million
Segment resultsSegment Transportation / Net Sales ¥4,043 100 million / Year-on-Year Change in Revenue (%) 1.3 / Operating profit ¥2,043 100 million / Operating profit year-on-year_pct -2.4, Segment Distribution Business / Net Sales ¥470 100 million / Year-on-Year Change in Revenue (%) 8.6 / Operating profit ¥42 100 million / Operating profit year-on-year_pct 33.8, Segment Real Estate Business / Net Sales ¥224 100 million / Year-on-Year Change in Revenue (%) -5.9 / Operating profit ¥71 100 million / Operating profit year-on-year_pct 3.4, Segment Other / Net Sales ¥606 100 million / Year-on-Year Change in Revenue (%) 5.1 / Operating profit ¥36 100 million / Operating profit year-on-year_pct 57.1
Breakdown of Factors Affecting the ChangeFactors Higher transport revenue / Amount ¥4.8 billion increase in transportation operating revenues, Factors Higher sales at department stores and station shops / Amount ¥3.3 billion increase in retail operating revenues, Factors Higher rental income from commercial facilities at stations / Amount ¥0.8 billion increase in real estate operating revenues, Factors Higher sales in the railway rolling stock and other manufacturing business / Amount ¥5.3 billion increase in other operating revenues, Factors Increase in personnel expenses due to base-pay increases / Amount ¥2.4 billion increase in standalone personnel expenses, Factors Increase in repair expenses due to higher labor costs / Amount ¥4.0 billion increase in standalone repair expenses, Factors Increase in system-related expenses / Amount ¥3.2 billion increase in standalone operating expenses, Factors Introduction of the special defense corporate tax / Amount ¥2.4 billion increase in consolidated income taxes and other taxes
Key KPIsIndicator name Tokaido Shinkansen passenger traffic at the Tokyo terminal cross-section / Value 101 % vs. FY2025 / Year on year against the same period last year +1 percentage point approximately, Indicator name Tokaido Shinkansen inbound revenue in 1Q (estimated) / Value ¥490 100 million / Year on year against the same period last year +7％, Indicator name Tokaido Shinkansen transportation revenues / Value ¥3,878 100 million / Year on year against the same period last year +1.2％, Indicator name Conventional-line transportation revenue / Value Not disclosed / Year on year against the same period last year +¥0.3 billion
New initiativesMeasures Timetable revision to operate up to 13 Nozomi services per hour during certain time periods / Implementation date March 2026, Measures Introduction of the Supreme Class Cabin (private-room type) / Implementation date October 2026, Measures Introduction of the Supreme Class Seat (semi-private-room type) / Implementation date During fiscal 2027, Measures Enhancement of Green Car services / Implementation date During fiscal 2027, Measures Various measures, including collaborations, to stimulate demand / Implementation date First quarter of the fiscal year ending March 2027
Items this document does not state (20)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Operating revenues increased due to higher transportation revenues, increased sales at department stores and station retail outlets, higher rental income from station commercial facilities, and increased sales in the railway rolling stock and other manufacturing businesses. Operating expenses increased due to higher personnel expenses, repair expenses and operating expenses, while income taxes and other taxes increased following the introduction of the special defense corporate tax. For the Tokaido Shinkansen, increased demand for business travel, domestic tourism and inbound travel is cited as a contributing factor.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Materials for the Briefing on Financial Results for the First Quarter of the Fiscal Year Ending March 2027 | Central Japan Railway Company (9022) timely disclosure | Komori