West Japan Railway Company raised its full-year ordinary profit forecast to ¥166 billion. Cumulative ordinary profit for the first two quarters was ¥106.4 billion, down 7.5% from the previous fiscal year, while second-half ordinary profit is estimated at ¥59.5 billion.
West Japan Railway Company announced its financial results after market close on 5 November. Consolidated ordinary profit for the cumulative first two quarters (April–September) was ¥106.4 billion, down 7.5% year on year, while sales and operating profit also remained below the previous fiscal year’s levels.
On the same day, the company raised its full-year ordinary profit forecast by 14.5%, from the previous forecast of ¥145 billion to ¥166 billion. The previous fiscal year’s actual result was ¥183.6 billion, indicating that the decline in profit is expected to narrow. This points to an improved full-year profit outlook.
Based on a comparison of first-half results with the previous forecast, the company estimated second-half ordinary profit at ¥59.5 billion, indicating a projected 13.2% decline from the same period of the previous fiscal year.
Consolidated ordinary profit for the most recent three months (July–September) was ¥54.3 billion, while the operating profit margin declined to 13.1% from 13.4% in the same period of the previous fiscal year.