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Central Japan Railway, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 6% Increase, Raises Record High Profit

Wed Oct 29, 2025 3:30 pm JST Earnings

9022 Central Japan Railway Company 【J-GAAP】

Earnings Report

Central Japan Railway Company <9022> [TSE Prime] announced its financial results after the market closed on October 29th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 26.9% from the same period last year, reaching 425 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 13.7%, from the previous forecast of 608 billion yen to 691 billion yen (compared to 649 billion yen in the previous period), record profits reach two consecutive terms, turning to a 6.4% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 15.5% from the same period last year to 265 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 32.9% from the same period last year, reaching 218 billion yen. The operating profit margin rose from 41.2% in the same period last year to 46.2%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 817,545 312,092 278,623 195,079 198.3 50.9 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 873,865 365,209 335,467 233,647 237.5 51.7 Oct 29, 2024 J-GAAP
Apr - Sep, 2025 982,202 454,051 425,667 298,116 305.1 61.6 Oct 29, 2025 J-GAAP
YoY +12.4% +24.3% +26.9% +27.6% +28.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 16 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 982,202 454,051 425,667 298,116 305.1 16 Oct 29, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,865,000 667,000 608,000 423,000 440.0 32 Apr 30, 2025 J-GAAP
Mar, 2026 New 1,937,000 746,000 691,000 480,000 499.3 32 Oct 29, 2025 J-GAAP
Revision Rate +3.9% +11.8% +13.7% +13.5% +13.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 957,982 337,585 313,827 224,776 228.4 16 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 954,798 291,949 265,333 181,884 189.2 16 Oct 29, 2025 J-GAAP
YoY -0.3% -13.5% -15.5% -19.1% -17.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,710,407 607,381 546,946 384,411 390.7 29 Apr 30, 2024 J-GAAP
Mar, 2025 1,831,847 702,794 649,294 458,423 465.9 31 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 1,937,000 746,000 691,000 480,000 499.3 32 Oct 29, 2025 J-GAAP
YoY +5.7% +6.1% +6.4% +4.7% +7.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 438,575 180,882 164,189 113,861 115.7 41.2 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 494,172 218,720 205,479 143,214 145.5 44.3 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 463,810 118,865 108,348 81,562 82.9 25.6 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 478,283 221,225 207,532 145,211 147.9 46.3 Jul 29, 2025 J-GAAP
Jul - Sep, 2025 503,919 232,826 218,135 152,905 156.5 46.2 Oct 29, 2025 J-GAAP
YoY +14.9% +28.7% +32.9% +34.3% +35.3%

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