Central Japan Railway Company [9022.T]
TOKYO, Apr 28 (Pulse News Wire) – Central Japan Railway Company (9022.T) reported strong revenue growth for the fiscal year ending March 2026, driven by increased domestic and foreign tourist traffic during Osaka-Kansai Expo events. Operating revenues reached ¥16.416 billion, marking a significant rise compared to previous years.
However, the company forecasts reduced revenue and profits in the upcoming fiscal year due to the expiration of Expo-related benefits and rising labor costs. For the fiscal year ended March 2026, operating profit surged to ¥8.301 billion, up 118.1% from the previous year. Despite higher operational expenses, the company managed to achieve a net profit of ¥7.800 billion, representing a 121% increase year-over-year.
Looking ahead, management expects challenges amid a tough economic environment, aiming to prioritize safety while focusing on business reform and revenue expansion strategies to bolster its financial strength further. The board also approved a share repurchase program capped at 20.00 billion shares and plans to fully retire acquired shares. In addition, the company declared a dividend payout of ¥16 per share for the current fiscal year and anticipates maintaining a similar rate for the next fiscal year.
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