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Central Japan Railway forecasts revenue and profit decline for fiscal year ending March 2027
CENTRAL JAPAN RAILWAY <9022> announced its consolidated guidance for the fiscal year ending March 2027 after the market close on April 28. The company projects revenue of 1.99 trillion yen (down 0.7% year-on-year), with operating profit expected to reach 702.0 billion yen (down 15.4%) and net profit at 447.0 billion yen (down 19.1%).
Profits are expected to face pressure from the absence of one-time revenue gains associated with the Osaka-Kansai Expo in the transportation segment, as well as mounting expenses driven by rising labor costs. For the fiscal year ended March 2026, the company reported robust performance with revenue of 2.01 trillion yen (up 9.5% year-on-year), operating profit of 830.2 billion yen (up 18.1%), and net profit of 552.9 billion yen (up 20.6%).
Additionally, JR CENTRAL announced a share buyback program with an upper limit of 6.5 million shares (0.68% of outstanding shares) or 20.0 billion yen. The acquisition period will run from May 1 to July 31, 2026, with all repurchased shares slated for cancellation on August 31.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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