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West Japan Railway, 5% Increase in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 10.5 yen, This Fiscal Year to Increase Dividend by 1.5 yen

Fri May 2, 2025 3:30 pm JST Earnings

9021 West Japan Railway Company 【J-GAAP】

Earnings Report

West Japan Railway Company <9021> [TSE Prime] announced its financial results after the market closed on May 2nd (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 1.0% from the previous period to 165 billion yen. In the fiscal year ending March 2026, the profit is expected to grow by 5.0% to 174 billion yen. This will be the fifth consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 74 yen to 84.5 yen (compared to 142 yen before the 2-for-1 forward stock split in the previous term), and has decided to increase the dividend this fiscal year to 86 yen, an increase of 1.5 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit significantly dropped to 1.41 billion yen, a 77.7% decrease compared to the same period last year. The operating profit margin worsened from 1.7% in the same period last year to 1.0%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,395,531 83,970 73,619 88,528 181.6 62.50 Apr 28, 2023 J-GAAP
Mar, 2024 1,635,023 179,748 167,382 98,761 202.6 71 Apr 30, 2024 J-GAAP
Mar, 2025 1,707,944 180,161 165,670 113,958 240.1 84.50 May 2, 2025 J-GAAP
YoY +4.5% +0.2% -1.0% +15.4% +18.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 1,718,000 170,000 155,500 100,000 212.6 74 Nov 1, 2024 J-GAAP
Mar, 2025 Results 1,707,944 180,161 165,670 113,958 240.1 84.50 May 2, 2025 J-GAAP
Revision Rate -0.6% +6.0% +6.5% +14.0% +13.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 811,386 104,790 98,596 69,711 145.6 37 Nov 1, 2024 J-GAAP
Apr - Sep, 2025 Guidance ー ー ー ー － 43 May 2, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,635,023 179,748 167,382 98,761 202.6 71 Apr 30, 2024 J-GAAP
Mar, 2025 1,707,944 180,161 165,670 113,958 240.1 84.50 May 2, 2025 J-GAAP
Mar, 2026 Guidance 1,820,000 190,000 174,000 115,000 252.7 86 May 2, 2025 J-GAAP
YoY +6.6% +5.5% +5.0% +0.9% +5.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 440,701 7,302 6,349 -11,127 -22.8 1.7 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 402,780 58,228 55,244 38,272 79.0 14.5 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 408,606 46,562 43,352 31,439 65.7 11.4 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 434,291 70,554 65,658 44,941 94.4 16.2 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 462,267 4,817 1,416 -694 -1.5 1.0 May 2, 2025 J-GAAP
YoY +4.9% -34.0% -77.7% +93.8% +93.6%

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