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East Japan Railway, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 19%, Oct-Dec Ordinary Profit Increases by 11%

Mon Feb 3, 2025 3:30 pm JST Earnings

9020 East Japan Railway Company 【J-GAAP】

Earnings Report

East Japan Railway Company <9020> [TSE Prime] announced its financial results after the market closed on February 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 19.0% from the same period last year, reaching 308 billion yen. The progress rate toward the full-year plan of 315 billion yen was 98.1%, also surpassing the five-year average of 94.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to significant drop 83.6% from the same period last year to 6.05 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 11.0% from the same period last year, reaching 104 billion yen. The operating profit margin rose from 15.2% in the same period last year to 16.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 1,727,084 112,006 87,477 72,595 64.2 78.9 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 2,001,022 298,510 259,631 185,232 163.9 87.5 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 2,126,070 352,553 308,941 216,631 191.5 98.1 Feb 3, 2025 J-GAAP
YoY +6.2% +18.1% +19.0% +17.0% +16.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,430,289 153,364 131,102 79,372 70.2 28.34 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,456,883 134,396 110,475 70,220 62.1 26 Oct 31, 2024 J-GAAP
YoY +1.9% -12.4% -15.7% -11.5% -11.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,405,538 140,628 110,910 99,232 87.8 33.33 Apr 27, 2023 J-GAAP
Mar, 2024 2,730,118 345,161 296,631 196,449 173.8 46.67 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 2,852,000 370,000 315,000 210,000 185.6 52 Apr 30, 2024 J-GAAP
YoY +4.5% +7.2% +6.2% +6.9% +6.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 701,193 106,713 94,102 68,155 60.3 15.2 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 729,096 46,651 37,000 11,217 9.9 6.4 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 686,670 120,530 106,469 73,300 64.8 17.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 708,447 115,074 98,056 66,480 58.8 16.2 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 730,953 116,949 104,416 76,851 67.9 16.0 Feb 3, 2025 J-GAAP
YoY +4.2% +9.6% +11.0% +12.8% +12.6%

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