	2025	2026	2027	2028	2029
Revenue	1,787,599	1,831,939	1,857,723	1,874,550	1,910,600
Dividend	30.17	32.75	33.89	41.50	44.50
Dividend Yield (in %)	1.03 %	1.12 %	1.16 %	1.42 %	1.52 %
EPS	416.50	433.65	441.10	453.45	460.95
P/E Ratio	7.03	6.76	6.64	6.46	6.36
EBIT	650,410	677,165	687,659	704,150	715,350
EBITDA	865,964	898,438	904,023	1,003,346	1,027,571
Net Profit	409,831	426,704	434,050	446,200	453,550
Net Profit Adjusted	414,938	441,545	454,010	-	-
Pre-Tax Profit	587,196	612,530	622,782	636,850	646,850
Pre-Tax Profit Reported	587,214	619,317	625,653	669,700	678,700
EPS (Non-GAAP) ex. SOE	-	-	-	-	-
EPS (GAAP)	417.87	439.33	442.66	-	-
Gross Income	859,157	912,308	921,414	942,751	959,552
Cash Flow from Investing	-433,240	-357,946	-450,318	-324,649	-657,810
Cash Flow from Operations	638,491	687,846	700,106	770,568	791,144
Cash Flow from Financing	-88,283	-150,667	-109,917	-254,316	293,288
Cash Flow per Share	652.05	707.56	718.06	705.00	721.55
Free Cash Flow	115,982	261,595	160,947	445,919	133,334
Free Cash Flow per Share	139.20	167.30	164.00	-99.50	-136.60
Book Value per Share	4,624.16	5,015.32	5,413.40	5,672.90	6,107.60
Net Debt	3,670,506	3,466,086	3,377,143	2,709,173	2,782,867
Research & Development Exp.	-	-	-	-	-
Capital Expenditure	614,400	676,880	717,778	-	-
Selling, General & Admin. Exp.	198,964	203,969	208,594	209,451	214,852
Shareholder’s Equity	4,520,343	4,913,926	5,309,787	5,640,605	6,069,325
Total Assets	10,329,939	10,652,435	11,021,770	11,036,337	11,979,287

	Previous Quarter ending 09/30/24	Current Quarter ending 12/31/24	Next Quarter ending 03/31/25	Current Year ending 03/31/25	Next Year ending 03/31/26
Earnings Estimates
No. of Analysts	-	2	2	13	13
Average Estimate	-	123.965 JPY	63.395 JPY	416.496 JPY	433.647 JPY
Year Ago	-	125.703 JPY	66.709 JPY	390.663 JPY	-
Publish Date	-	2/3/2025	4/29/2025	-	-
Revenue Estimates
No. of Analysts	-	6	5	13	13
Average Estimate	-	470,384 JPY	449,167 JPY	1,787,599 JPY	1,831,939 JPY
Year Ago	-	455,472 JPY	437,390 JPY	1,710,407 JPY	-
Publish Date	-	2/3/2025	4/29/2025	-	-

* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet

Income Statements in Mio. JPY

	2024	2023	2022	2021	2020	2019	2018
Sales	1,710,407.00	1,400,285.00	935,139.00	823,517.00	1,844,647.00	1,878,137.00	1,822,039.00
Change of sales in %	22.15	49.74	13.55	-55.36	-1.78	3.08	3.70
Gross profit on sales	783,900.00	537,802.00	146,715.00	-36,067.00	837,227.00	892,323.00	840,313.00
Gross profit on sales change in %	45.76	266.56	-	-	-6.17	6.19	6.52
Operating income	607,382.00	374,504.00	1,709.00	-184,752.00	659,593.00	709,775.00	657,180.00
Operating income change in %	62.18	21,813.63	-	-	-7.07	8.00	6.07
Income before tax	545,328.00	306,132.00	-66,745.00	-268,576.00	573,436.00	630,271.00	561,852.00
Income before tax change in %	78.13	-	75.15	-	-9.02	12.18	0.33
Income after tax	384,411.00	219,418.00	-51,927.00	-201,554.00	397,881.00	438,715.00	395,502.00
Income after tax change in %	75.20	-	74.24	-	-9.31	10.93	0.66

Balance Sheet in Mio. JPY

	2024	2023	2022	2021	2020	2019	2018
Total liabilities	5,718,209.00	5,707,296.00	5,841,264.00	5,913,757.00	5,731,021.00	5,787,677.00	5,823,939.00
Long-term liabilities per share	4,999.52	5,058.81	5,186.96	5,173.03	5,200.11	5,240.21	5,332.40
Equity	4,223,683.00	3,807,110.00	3,609,252.00	3,686,609.00	3,872,103.00	3,508,065.00	3,084,739.00
Equity change in %	10.92	5.48	-2.15	-4.94	10.39	13.61	13.48
Balance sheet total	9,941,892.00	9,514,406.00	9,450,516.00	9,600,366.00	9,603,124.00	9,295,742.00	8,908,678.00
Balance sheet total change in %	4.49	0.68	-1.56	-0.03	3.31	4.34	26.32

Key Data in JPY

	2024	2023	2022	2021	2020	2019	2018
Sales per share	1,738.23	1,423.06	950.36	837.96	1,880.30	1,916.98	1,857.02
P/E ratio (year end quote, basic EPS)	9.54	14.18	-	-	8.54	11.48	9.99
P/E ratio (year end quote, diluted EPS)	9.54	14.18	-	-	8.54	11.48	9.99
P/E ratio (year end quote)	9.54	14.18	-	-	8.54	11.48	9.99
Dividend yield in %	0.78	0.85	0.81	0.79	0.87	0.56	0.70
Equity ratio in %	42.48	40.01	38.19	38.40	40.32	37.74	34.63
Debt ratio in %	57.52	59.99	61.81	61.60	59.68	62.26	65.37

Central Japan Railway Dividend Calendar

Date	Name	Dividend	*yield	Currency
2024	Central Japan Railway CoShs	29.00	0.78	JPY
2023	Central Japan Railway CoShs	27.00	0.85	JPY
2022	Central Japan Railway CoShs	26.00	0.81	JPY
2021	Central Japan Railway CoShs	26.00	0.79	JPY
2020	Central Japan Railway CoShs	30.00	0.87	JPY
2019	Central Japan Railway CoShs	29.00	0.56	JPY
2018	Central Japan Railway CoShs	28.00	0.70	JPY
2017	Central Japan Railway CoShs	27.00	0.74	JPY
2016	Central Japan Railway CoShs	25.00	0.63	JPY
2015	Central Japan Railway CoShs	24.00	0.55	JPY
2014	Central Japan Railway CoShs	23.00	0.95	JPY
2013	Central Japan Railway CoShs	21.00	1.06	JPY
2012	Central Japan Railway CoShs	95.00	1.39	JPY
2011	Central Japan Railway CoShs	90.00	1.37	JPY
2010	Central Japan Railway CoShs	90.00	1.26	JPY
2009	Central Japan Railway CoShs	90.00	1.62	JPY

*Yield of the Respective Date

Central Japan Railway Calendar

Event	Estimate	Info	Date
Earnings Report	123.965 JPY	Q3 2025 Earnings Release	02/03/2025
Earnings Report	63.395 JPY	Q4 2025 Earnings Release	04/29/2025
Earnings Report	121.730 JPY	Q1 2025 Earnings Release	08/05/2025
Earnings Report	115.720 JPY	Q2 2025 Earnings Release	11/03/2025

Central Japan Railway Past Events

Event	Actual EPS	Info	Date
Earnings Report	115.720 JPY	Q2 2025 Earnings Release	10/29/2024
Earnings Report	121.730 JPY	Q1 2025 Earnings Release	07/30/2024
Annual General Meeting	-	Annual General Meeting	06/21/2024
Earnings Report	66.710 JPY	Q4 2024 Earnings Release	04/30/2024
Earnings Report	125.710 JPY	Q3 2024 Earnings Release	01/30/2024
Earnings Report	106.230 JPY	Q2 2024 Earnings Release	10/30/2023
Earnings Report	92.022 JPY	Q1 2024 Earnings Release	07/28/2023
Earnings Report	39.388 JPY	Q4 2023 Earnings Release	04/26/2023
Earnings Report	85.072 JPY	Q3 2023 Earnings Release	01/30/2023
Earnings Report	50.760 JPY	Q2 2023 Earnings Release	10/31/2022
Earnings Report	47.766 JPY	Q1 2023 Earnings Release	07/27/2022
Earnings Report	-40.246 JPY	Q4 2022 Earnings Release	04/26/2022
Earnings Report	32.652 JPY	Q3 2022 Earnings Release	01/31/2022

Central Japan Railway Profile

Central Japan Railway Co. engages in the operation of railway services. It operates through the following segments: Transportation, Merchandise, Real Estate, and Others. The Transportation segment involves railway and bus transportation services. The Merchandise segment manages department stores and also provides sales services of goods, and food in stations and trains. The Real Estate segment engages in the development of commercial facilities in stations and areas under elevated track columns. The Others segment manages hotels at major stations, travel business and advertising agencies. It also manufactures rolling stock and maintains, inspects and repairs railway facilities.

Moody’s Daily Credit Risk Score

Risk

Low
Medium
High

Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure.

Central Japan Railway Shareholder

Owner	in %
Freefloat	65.76
Central Japan Railway Co.	4.37
MUFG Bank Pension Fund	3.46
Nomura Asset Management Co., Ltd.	2.97
BlackRock Fund Advisors	2.91
Mizuho Financial Group, Inc.	2.79
Nippon Life Insurance Co.	2.43
Nomura Asset NEXT FUNDS TOPIX ETF (1306)	2.18
Asset Management One Co., Ltd.	1.76
Mitsubishi UFJ Financial Group, Inc.	1.69
Japan Agricultural Cooperatives Group	1.63
JR Central Employee Stock Ownership Plan	1.50
BlackRock Japan Co. Ltd.	1.36
Vanguard Total International Stock Index Fund	1.23
Sumitomo Mitsui Financial Group, Inc.	1.17

Shareholder percentage totals can add to more than 100% because some holders are included in the free float.

Central Japan Railway Management

Name	Job
Hiromu Emi	Auditor
Tatsuhiko Yamada	Auditor
Shin Kaneko	Chairman
Kouei Tsuge	Director
Kimiaki Tanaka	Director & Senior Managing Executive Officer
Schmelzeis Jr p Joseph	Independent Non-Executive Outside Director
Haruo Kasama	Independent Non-Executive Outside Director
Tsuyoshi Nagano	Independent Non-Executive Outside Director
Taku Oshima	Independent Non-Executive Outside Director
Hiroko Kiba	Independent Non-Executive Outside Director
Shunsuke Niwa	President & Representative Director
Hiroshi Suzuki	Representative Director & Vice President
Atsuhito Mori	Representative Director & Vice President
Kentaro Takeda	Representative Director & Vice President
Akihiko Nakamura	Representative Director & Vice President
Mamoru Uno	Representative Director & Vice President
Katsumi Miyazawa	Representative Director, VP & Head-Technology
Yutaka Osada	Representative Director, VP & Senior Head-Electric
Takahiro Nojima	Section Manager-General Affairs Division Stocks
Noriyuki Shirakuni	Senior Managing Executive Officer