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

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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%.

Kabutan News

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%