East Japan Railway
East Japan Railway Company
Company highlights
A company that turns the people its trains carry into income at the station.
Vol.5, Chapter 6 (as of 2026-08-24)
Key figures
Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP
Business revenue model
Featured in
Vol.5, Chapter 6 (as of 2026-08-24)
“Kaisha no Shikumi: Earning Beyond the Till”, Chapter 6: JR East: Carrying Passengers by Train, Earning at the Station
Book’s reference date 2026-08-24 / data last checked 2026-10-20
Key points in this volumeA company's profits depend not just on what it sells, but on who pays, and what they pay for.
For the year ended March 2026, operating revenue was ¥3,084.6 billion and operating income ¥414.2 billion. Summing the profit of the 4 businesses, 53.8% comes from outside transport. In the year ended March 2017 it was 28.6% (ratios calculated).
By margin, transport is 9.5% against 25.0% for real estate and hotels, 16.3% for retail and services, and 29.8% for IT and Suica. In the pandemic year ended March 2021, transport posted an operating loss of ¥548.5 billion while the 3 non-transport businesses together kept ¥32.4 billion of profit.
The move that changed JR East
Direct resources into the lifestyle services business and the IT and Suica business, and raise the profit of the businesses outside transportation.
Operating profit at Transportation in the year ended March 2020 was ¥250.5 billion ($1.57 billion), and the three businesses outside it came to ¥132.7 billion. In the management vision it published in 2018, "Henkaku 2027" (the word means transformation), the company said it would direct management resources principally into the lifestyle services business and the IT and Suica business and make them a new source of growth. In the year ended March 2021, Transportation made a loss of ¥548.5 billion and the three businesses outside it came to ¥32.4 billion in the black. In the year ended March 2026, the share of the combined operating profit of the four businesses that comes from outside Transportation is 53.8%, and the margin at Real Estate & Hotels is 25.0%. In the group management vision "Yusho 2034" the company says it will develop Suica into the base for every one of its businesses, and sets out operating revenue of about ¥4.3 trillion, an ROE of 10% or more, and an ROA of 5% or more for fiscal 2031.
Coverage in the book
- Of the Operating Profit of Four Businesses, 53.8% Is Outside Transportation
- By Business, the Margin at Real Estate and Hotels Is 25.0%
- The Shops Inside the Station, and the Station Buildings
- The Transit IC Card, and the Credit Card
- In the Year Transportation Lost ¥548.5 Billion, the Station Businesses Made Money
Related books, articles and videos
“Kaisha no Shikumi: Earning Beyond the Till”
Chapter 6: East Japan Railway
“JR East: Carrying Passengers by Train, Earning at the Station”
“Ano Kaisha no Shikumi” series, Vol.5 — Kindle and paperback
Find it on Amazon →
Company profile
Tables scroll sideways
Disclosed data
Business activities and revenue composition
East Japan Railway
Revenue and profit by business segment
Period Apr 2025 to Mar 2026Source Annual securities reportsConsolidated・Disclosed
| Business | Net sales to external customers | Operating income | |||||
|---|---|---|---|---|---|---|---|
| This year | Share | Last year | This year | Share | Margin | Last year | |
| Transportation | ¥2,045.8 billion | 68.8% | ¥1,945.8 billion | ¥194.4 billion | 49.8% | 9.5% | ¥176.1 billion |
| 不動産・ホテル事業 | ¥513.2 billion | 17.3% | ¥445.4 billion | ¥128.3 billion | 32.8% | 25.0% | ¥120.3 billion |
| 流通・サービス事業 | ¥416.1 billion | 14.0% | ¥393.8 billion | ¥68.1 billion | 17.4% | 16.4% | ¥60.5 billion |
| Total of the businesses | ¥2,975.2 billion | 100.0% | ¥390.7 billion | 100.0% | |||
Revenue and profit
Amounts by account
| Group | Account | Amount | Consolidated / Non-consolidated |
|---|---|---|---|
| Selling, general and administrative expenses | Personnel expenses | ¥261.5 billion | Consolidated |
| Depreciation | ¥102.0 billion | Consolidated | |
| Amortization of goodwill | ¥0.7 billion | Consolidated | |
| Profit by stage | Operating income | ¥414.3 billion | Consolidated |
| Ordinary income | ¥351.6 billion | Consolidated | |
| Net income | ¥247.8 billion | Consolidated |
East Japan Railway
Selling, general and administrative expenses
Period Apr 2025 to Mar 2026Source Annual securities reports
- Personnel expenses ¥261.5 billion
- Depreciation ¥102.0 billion
- Amortization of goodwill ¥0.7 billion
Performance, financial position and capital allocation
Long-term changes in performance
East Japan Railway
Long-term revenue, profit and asset trends
Period 2013 to 2026Source Annual securities reportsDisclosed
East Japan Railway
Recent performance trends
Source Annual securities reports
Year-on-year comparison
| Item | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating revenue | ¥1,979.0B | ¥2,405.5B | ¥2,730.1B | ¥2,887.6B | ¥3,084.7B |
| Year on year (%) | +12.1% | +21.6%◆ | +13.5% | +5.8% | +6.8% |
| Ordinary income (loss) | -¥179.5B | ¥110.9B | ¥296.6B | ¥321.6B | ¥351.6B |
| Change from prior year | 0.31x | loss to profit◆ | +167.5% | +8.4% | +9.4% |
| Ordinary income (loss) as a share of Operating revenue | -9.1% | 4.6% | 10.9% | 11.1% | 11.4% |
| Change (percentage points) | +23.8 points◆ | +13.7 points◆ | +6.3 points◆ | +0.3 points | +0.3 points |
Fiscal periods marked for changes
Earlier fiscal periods (2)
- 2020Ordinary income (loss) as a share of revenue -3.2 points
- 2021Operating revenue year on year -40.1%, Ordinary income (loss) as a share of revenue -44.4 points, Ordinary income (loss) profit to loss
- 2022Ordinary income (loss) as a share of revenue +23.8 points
- 2023Operating revenue year on year +21.6%, Ordinary income (loss) as a share of revenue +13.7 points, Ordinary income (loss) loss to profit
- 2024Ordinary income (loss) as a share of revenue +6.3 points
East Japan Railway
Earnings and net assets per share over time
Unit yenSource Annual securities reports
East Japan Railway
Return on equity over time
Unit %Source Annual securities reports
Consolidated indicators (14 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Operating revenue | ¥1,979.0 billion | ¥2,405.5 billion | ¥2,730.1 billion | ¥2,887.6 billion | ¥3,084.7 billion |
| Ordinary income (loss) | ¥-179.5 billion | ¥110.9 billion | ¥296.6 billion | ¥321.6 billion | ¥351.6 billion |
| Net income (loss) attributable to owners of parent | ¥-94.9 billion | ¥99.2 billion | ¥196.4 billion | ¥224.3 billion | ¥247.8 billion |
| Comprehensive income | ¥-100.5 billion | ¥96.5 billion | ¥280.8 billion | ¥208.5 billion | ¥272.1 billion |
| Net assets | ¥2,418.1 billion | ¥2,497.7 billion | ¥2,739.2 billion | ¥2,872.2 billion | ¥3,060.1 billion |
| Total assets | ¥9,091.4 billion | ¥9,351.9 billion | ¥9,771.5 billion | ¥10,174.2 billion | ¥10,820.7 billion |
| Net assets per share | 2,116.19 yen | 2,188.88 yen | 2,402.34 yen | 2,527.69 yen | 2,698.78 yen |
| Basic earnings (loss) per share | -83.9 yen | 87.79 yen | 173.82 yen | 198.29 yen | 219.42 yen |
| Equity-to-asset ratio | 26.3% | 26.4% | 27.8% | 28.1% | 28.2% |
| Return on equity | -3.9% | 4.1% | 7.6% | 8.0% | 8.4% |
| Net cash provided by (used in) operating activities | ¥190.5 billion | ¥581.8 billion | ¥688.1 billion | ¥732.3 billion | ¥765.1 billion |
| Net cash provided by (used in) investing activities | ¥-526.4 billion | ¥-565.5 billion | ¥-690.6 billion | ¥-783.4 billion | ¥-877.6 billion |
| Net cash provided by (used in) financing activities | ¥304.6 billion | ¥26.8 billion | ¥66.1 billion | ¥3.7 billion | ¥138.7 billion |
| Cash and cash equivalents | ¥171.0 billion | ¥215.0 billion | ¥280.8 billion | ¥233.5 billion | ¥262.1 billion |
Parent only indicators (14 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Operating revenue | ¥1,424.2 billion | ¥1,765.5 billion | ¥1,987.3 billion | ¥2,077.7 billion | ¥2,225.7 billion |
| Ordinary income (loss) | ¥-177.7 billion | ¥46.0 billion | ¥202.3 billion | ¥216.5 billion | ¥254.2 billion |
| Net income (loss) | ¥-99.2 billion | ¥52.4 billion | ¥146.7 billion | ¥152.6 billion | ¥197.0 billion |
| Capital stock | ¥200.0 billion | ¥200.0 billion | ¥200.0 billion | ¥200.0 billion | ¥200.0 billion |
| Total number of issued shares (common stock) | 377,932,000 shares | 377,932,000 shares | 378,137,000 shares | 1,134,412,000 shares | 1,134,412,000 shares |
| Net assets | ¥1,872.2 billion | ¥1,880.4 billion | ¥2,044.7 billion | ¥2,095.2 billion | ¥2,231.6 billion |
| Total assets | ¥8,335.0 billion | ¥8,527.4 billion | ¥8,873.3 billion | ¥9,139.5 billion | ¥9,655.0 billion |
| Net assets per share | 1,652.71 yen | 1,659.97 yen | 1,802.44 yen | 1,846.91 yen | 1,970.74 yen |
| Dividend per share | 100 yen | 100 yen | 140 yen | 60 yen | 74 yen |
| Interim dividend per share | 50 yen | 50 yen | 55 yen | 26 yen | 35 yen |
| Basic earnings (loss) per share | -87.53 yen | 46.28 yen | 129.46 yen | 134.55 yen | 173.93 yen |
| Equity-to-asset ratio | 22.5% | 22.1% | 23.0% | 22.9% | 23.1% |
| Return on equity | -5.1% | 2.8% | 7.5% | 7.4% | 9.1% |
| Payout ratio | Could not be retrieved | 72.0% | 36.0% | 44.6% | 42.5% |
Dividend history
| Fiscal year | Annual dividend per share | Of which interim | Payout ratio (as reported, parent only) | Flag |
|---|---|---|---|---|
| FY ending 3/2026 | ¥74 | ¥35 | 42.5% | |
| FY ending 3/2025 | ¥60 | ¥26 | 44.6% | Stock split or share consolidation noted |
| FY ending 3/2024 | ¥140 | ¥55 | 36.0% | |
| FY ending 3/2023 | ¥100 | ¥50 | 72.0% | |
| FY ending 3/2022 | ¥100 | ¥50 | Could not be retrieved | |
| FY ending 3/2021 | ¥100 | ¥50 | Could not be retrieved | |
| FY ending 3/2020 | ¥165 | ¥82.5 | 39.3% | |
| FY ending 3/2019 | ¥150 | ¥75 | 22.8% | |
| FY ending 3/2018 | ¥140 | ¥70 | 21.9% | |
| FY ending 3/2017 | ¥130 | ¥65 | 20.8% | |
| FY ending 3/2016 | ¥130 | ¥65 | 24.4% | |
| FY ending 3/2015 | ¥120 | ¥60 | 30.0% | |
| FY ending 3/2014 | ¥120 | ¥60 | 27.9% | |
| FY ending 3/2013 | ¥120 | ¥60 | 34.2% |
East Japan Railway
Dividends per share over time
Unit yenSource Annual securities reports
Shareholder composition
Share ownership by holder category
East Japan Railway
Unit %Source Annual securities reports
- Financial institutions35.95%
- Securities firms1.42%
- Other corporations6.53%
- Foreign holders (institutions)35.04%
- Foreign holders (individuals)0.01%
- Individuals and others20.77%
- Government and municipalities0.28%
Research and development expenses and capital expenditure
| Fiscal year | Research and development | Capital expenditure |
|---|---|---|
| FY ending 3/2026 | ¥25.0 billion | ¥949.1 billion |
| FY ending 3/2025 | ¥23.1 billion | Could not be retrieved |
| FY ending 3/2021 | ¥23.5 billion | ¥692.2 billion |
| FY ending 3/2020 | ¥35.6 billion | Could not be retrieved |
| FY ending 3/2017 | ¥17.9 billion | Could not be retrieved |
| FY ending 3/2016 | ¥16.9 billion | Could not be retrieved |
Research and development expenses and capital expenditure by segment (FY ending 3/2026)
| Segment | Capital expenditure |
|---|---|
| Transportation | ¥423.9 billion |
| 不動産・ホテル事業 | ¥454.3 billion |
| 流通・サービス事業 | ¥34.9 billion |
Revenue scale in the same industry
East Japan Railway
Source Annual securities reports of each company
Land Transportation: 93 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed
- 1 East Japan RailwayThis companyFY Mar 2026 ¥3.1T
- 2 NIPPON EXPRESSFY Dec 2025 ¥2.6T
- 3 Central Japan RailwayFY Mar 2026 ¥2.0T
- … 90 companies
Workforce information
Women 15.7 yrs Average length of service by gender
Administrative filings and published information
Workplace information filings
| Item | Value |
|---|---|
| Employees | 45,040 |
| Average monthly overtime (statutory overtime plus work on statutory days off) |
16.3 hours |
| Annual paid leave taken |
76.8% |
| Childcare leave taken, men |
68.1% |
| Childcare leave taken, women |
100% |
| Share of managers who are women | 9.1% |
| Share of board members who are women | 11.9% |
Subsidy award information
| Date approved | Subsidy | Ministry | Amount |
|---|---|---|---|
| 2023-03-07 | 令和4年度鉄道施設災害復旧事業費補助 | 国土交通省 | ¥0.4 billion |
| 2022-12-02 | 令和4年度鉄道施設災害復旧事業費補助 | 国土交通省 | ¥11.50 million |
| 2022-08-18 | 国際競争拠点都市整備事業 | 国土交通省 | ¥0.91 million |
| 2022-07-04 | 国際競争拠点都市整備事業 | 国土交通省 | ¥0.18 million |
| 2022-06-01 | 国宝重要文化財文化財等保存整備事業 | 文部科学省 | ¥5.00 million |
| 2022-04-01 | 国宝重要文化財文化財等保存整備事業 | 文部科学省 | ¥5.00 million |
| 2022-02-21 | 令和3年度鉄道施設総合安全対策事業費補助 | 国土交通省 | ¥42.00 million |
| 2022-02-21 | 令和3年度鉄道施設総合安全対策事業費補助 | 国土交通省 | ¥25.00 million |
| 2022-02-01 | 国宝重要文化財文化財等保存整備事業 | 文部科学省 | ¥1.70 million |
| 2022-01-31 | 令和3年度鉄道施設災害復旧事業費補助 | 国土交通省 | ¥0.2 billion |
| 2022-01-19 | 令和3年度鉄道施設災害復旧事業費補助 | 国土交通省 | ¥23.00 million |
| 2021-12-24 | 令和3年度鉄道施設総合安全対策事業費補助 | 国土交通省 | ¥48.00 million |
| 6 more | |||
Greenhouse gas emissions
| Category | Emissions |
|---|---|
| 特定旅客輸送事業者 | 1,857,608 t-CO2 |
| 特定事業所排出者 | 39,173 t-CO2 |
| Sites covered by the report | 3 |
Audit and disclosure information
| Item | Value |
|---|---|
| Audit firm | 有限責任あずさ監査法人 |
| Audit fees (this year, total) | ¥0.8 billion |
| Non-audit fees (this year, total) | ¥12.00 million |
| Audit fees (this year, network firms) | ¥78.00 million |
| Non-audit fees (this year, network firms) | ¥62.00 million |
| Going concern note | Cannot be determined |
| Accounting standard | Japanese GAAP |
Sources and methodology
Retrieved disclosed figures
Major management indicators (5 years) (28 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Comprehensive income | ¥272.1 billion | Consolidated |
| Operating revenue | ¥3,084.7 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥765.1 billion | Consolidated |
| Net cash provided by (used in) investing activities | ¥-877.6 billion | Consolidated |
| Cash and cash equivalents | ¥262.1 billion | Consolidated |
| Net assets | ¥3,060.1 billion | Consolidated |
| Ordinary income (loss) | ¥351.6 billion | Consolidated |
| Total assets | ¥10,820.7 billion | Consolidated |
| Return on equity | 8.4% | Consolidated |
| Equity-to-asset ratio | 28.2% | Consolidated |
| Net income (loss) attributable to owners of parent | ¥247.8 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥138.7 billion | Consolidated |
| Basic earnings (loss) per share | 219.42 yen | Consolidated |
| Net assets per share | 2,698.78 yen | Consolidated |
| Dividend per share | 74 yen | Parent only |
| Operating revenue | ¥2,225.7 billion | Parent only |
| Net income (loss) | ¥197.0 billion | Parent only |
| Total number of issued shares (common stock) | 1,134,412,000 shares | Parent only |
| Net assets | ¥2,231.6 billion | Parent only |
| Ordinary income (loss) | ¥254.2 billion | Parent only |
| Total assets | ¥9,655.0 billion | Parent only |
| Return on equity | 9.1% | Parent only |
| Equity-to-asset ratio | 23.1% | Parent only |
| Capital stock | ¥200.0 billion | Parent only |
| Payout ratio | 42.5% | Parent only |
| Interim dividend per share | 35 yen | Parent only |
| Basic earnings (loss) per share | 173.93 yen | Parent only |
| Net assets per share | 1,970.74 yen | Parent only |
Employees (11 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of employees | 70,623 people | Consolidated |
| Number of employees | 70,623 people | Consolidated |
| Wage gap between men and women (all employees) | 88.9% | Parent only |
| Average length of service (years) | 17.1 years | Parent only |
| Average annual salary | ¥8.19 million | Parent only |
| Average age (years) | 39.8 years old | Parent only |
| Number of employees | 39,598 people | Parent only |
| Number of employees | 39,598 people | Parent only |
| Number of employees | 39,598 people | Parent only |
| Wage gap between men and women (regular employees) | 86.0% | Parent only |
| Wage gap between men and women (non-regular employees) | 61.7% | Parent only |
Other disclosed items (11 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Net sales to external customers | ¥3,084.7 billion | Consolidated |
| Average number of temporary employees | 20,629 people | Consolidated |
| Average number of temporary employees | 20,629 people | Consolidated |
| Number of associates accounted for using equity method | 11 companies | Consolidated |
| Increase in property plant and equipment and intangible assets | ¥968.9 billion | Consolidated |
| Depreciation | ¥428.7 billion | Consolidated |
| Number of consolidated subsidiaries | 76 companies | Consolidated |
| Total return on the share price index | 202.2% | Parent only |
| Rate of male employees taking childcare leave (regular employees) | 80.3% | Parent only |
| Ratio of female employees in managerial positions | 9.0% | Parent only |
| Rate of male employees taking childcare leave (non-regular employees) | 0.0% | Parent only |
Shares (18 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of shares held | 383,100,100 shares | Consolidated |
| Total number of shares held treasury shares etc | 2,126,800 shares | Consolidated |
| Number of issues whose number of shares increased shares other than those not listed investment shares held for purposes other than pure investment reporting company | 1 issues | Consolidated |
| Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting company | 1 issues | Consolidated |
| Number of issues whose number of shares decreased shares other than those not listed investment shares held for purposes other than pure investment reporting company | 8 issues | Consolidated |
| Total acquisition cost for increased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company | ¥3.0 billion | Consolidated |
| Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company | ¥4.00 million | Consolidated |
| Total sale amount for decreased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company | ¥46.3 billion | Consolidated |
| Number of shares | 1,134,412,200 shares | Consolidated |
| Shareholding ratio treasury shares etc | 0.2% | Consolidated |
| Shareholding ratio | 33.8% | Consolidated |
| Number of shares held in own name treasury shares etc | 2,126,800 shares | Consolidated |
| Number of voting rights | 11,316,500 units | Consolidated |
| Carrying amount on the balance sheet | ¥5.9 billion | Consolidated |
| Carrying amount on the balance sheet | ¥274.1 billion | Consolidated |
| Number of issues | 23 issues | Consolidated |
| Number of issues | 41 issues | Consolidated |
| Total shareholder return | 148.2% | Parent only |
Research and development (2 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Research and development expenses included in general and administrative expenses and manufacturing cost for current period | ¥25.1 billion | Consolidated |
| Research and development expenses | ¥25.0 billion | Consolidated |
Property and facilities (1 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Capital expenditures | ¥949.1 billion | Consolidated |
Audit (11 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Fees for audit and attestation services - reporting company | ¥0.3 billion | Consolidated |
| Fees for audit and attestation services - total | ¥78.00 million | Consolidated |
| Fees for audit and attestation services - total | ¥0.8 billion | Consolidated |
| Fees for audit and attestation services - consolidated subsidiaries | ¥78.00 million | Consolidated |
| Fees for audit and attestation services - consolidated subsidiaries | ¥0.5 billion | Consolidated |
| Fees for non-audit services - reporting company | ¥39.00 million | Consolidated |
| Fees for non-audit services - reporting company | ¥10.00 million | Consolidated |
| Fees for non-audit services - total | ¥62.00 million | Consolidated |
| Fees for non-audit services - total | ¥12.00 million | Consolidated |
| Non audit fees consolidated subsidiaries network firms | ¥22.00 million | Consolidated |
| Non audit fees consolidated subsidiaries | ¥1.00 million | Consolidated |
Accounts unique to this company (7 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Revenue | ¥2.0 billion | Consolidated |
| Revenue | ¥-37.6 billion | Consolidated |
| Revenue | ¥301.1 billion | Consolidated |
| Change in average annual salary from the previous year | 6.8% | Parent only |
| Revenue | ¥53.00 million | Parent only |
| Revenue | ¥67.1 billion | Parent only |
| Revenue | ¥8.8 billion | Parent only |
Balance sheet (162 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥324.4 billion | Consolidated |
| Other | ¥112.1 billion | Consolidated |
| Other | ¥480.4 billion | Consolidated |
| Other | ¥91.3 billion | Consolidated |
| Valuation difference on available-for-sale securities | ¥129.7 billion | Consolidated |
| Other, net | ¥79.6 billion | Consolidated |
| Work in process | ¥78.3 billion | Consolidated |
| Retained earnings | ¥2,623.5 billion | Consolidated |
| Prepaid fares received clrwy | ¥104.6 billion | Consolidated |
| Raw materials and supplies | ¥49.4 billion | Consolidated |
| Notes receivable - trade | ¥43.00 million | Consolidated |
| Notes receivable - trade | ¥772.0 billion | Consolidated |
| Merchandise and finished goods | ¥11.1 billion | Consolidated |
| Non-current liabilities | ¥5,930.6 billion | Consolidated |
| Non-current assets | ¥9,401.0 billion | Consolidated |
| Land | ¥2,271.8 billion | Consolidated |
| Revaluation reserve for land | ¥-0 | Consolidated |
| Accounts receivable - trade | ¥90.7 billion | Consolidated |
| Contract liabilities | ¥97.1 billion | Consolidated |
| Contract assets | ¥18.5 billion | Consolidated |
| Buildings and structures, net | ¥4,621.1 billion | Consolidated |
| Construction in progress | ¥512.0 billion | Consolidated |
| Investments and other assets | ¥957.1 billion | Consolidated |
| Investment securities | ¥585.5 billion | Consolidated |
| Notes and accounts payable - trade | ¥59.5 billion | Consolidated |
| Provision for large scale renovation of the shinkansen infrastructure nclrwy | ¥240.0 billion | Consolidated |
| Property, plant and equipment | ¥8,240.8 billion | Consolidated |
| Accrued fares receivables | ¥80.0 billion | Consolidated |
| Income taxes payable | ¥35.2 billion | Consolidated |
| Accrued consumption taxes | ¥10.2 billion | Consolidated |
| Accounts payable - other | ¥724.2 billion | Consolidated |
| Shareholders' equity | ¥2,903.6 billion | Consolidated |
| Inventories | ¥138.8 billion | Consolidated |
| Machinery, equipment and vehicles, net | ¥756.3 billion | Consolidated |
| Current liabilities | ¥1,830.0 billion | Consolidated |
| Current assets | ¥1,419.7 billion | Consolidated |
| Accumulated depreciation | ¥-9,186.6 billion | Consolidated |
| Provision for loss on disaster | ¥2.8 billion | Consolidated |
| Provision for loss on disaster | ¥54.00 million | Consolidated |
| Foreign currency translation adjustment | ¥1.2 billion | Consolidated |
| Intangible assets | ¥203.1 billion | Consolidated |
| Cash and cash equivalents | ¥262.1 billion | Consolidated |
| Cash and deposits | ¥262.2 billion | Consolidated |
| Short-term loans payable | ¥184.9 billion | Consolidated |
| Bonds payable | ¥3,289.6 billion | Consolidated |
| Net assets | ¥3,060.1 billion | Consolidated |
| Net assets | ¥3,060.1 billion | Consolidated |
| Total assets | ¥10,820.7 billion | Consolidated |
| Total assets | ¥10,820.7 billion | Consolidated |
| Deferred gains or losses on hedges | ¥0.4 billion | Consolidated |
| Deferred tax liabilities | ¥2.2 billion | Consolidated |
| Deferred tax assets | ¥256.7 billion | Consolidated |
| Treasury stock | ¥-13.0 billion | Consolidated |
| Valuation and translation adjustments | ¥143.5 billion | Consolidated |
| Liabilities | ¥7,760.6 billion | Consolidated |
| Liabilities and net assets | ¥10,820.7 billion | Consolidated |
| Real estate for sale | ¥78.6 billion | Consolidated |
| Allowance for doubtful accounts | ¥-2.2 billion | Consolidated |
| Allowance for doubtful accounts | ¥-3.2 billion | Consolidated |
| Capital surplus | ¥93.0 billion | Consolidated |
| Capital stock | ¥200.0 billion | Consolidated |
| Provision for bonuses | ¥83.1 billion | Consolidated |
| Remeasurements of defined benefit plans | ¥12.2 billion | Consolidated |
| Net defined benefit liability | ¥478.8 billion | Consolidated |
| Net defined benefit asset | ¥2.9 billion | Consolidated |
| Long term accounts payable railway equipment nclrwy | ¥297.3 billion | Consolidated |
| Long-term loans payable | ¥1,295.6 billion | Consolidated |
| Long-term loans receivable | ¥2.2 billion | Consolidated |
| Non-controlling interests | ¥13.0 billion | Consolidated |
| Inter line fares received clrwy | ¥52.9 billion | Consolidated |
| Current portion of long term accounts payable railway equipment clrwy | ¥4.9 billion | Consolidated |
| Current portion of bonds payable | ¥90.0 billion | Consolidated |
| Other | ¥18.2 billion | Parent only |
| Other | ¥10.5 billion | Parent only |
| Other | ¥56.8 billion | Parent only |
| Other | ¥10.6 billion | Parent only |
| Valuation difference on available-for-sale securities | ¥113.7 billion | Parent only |
| Other capital surplus | ¥0.8 billion | Parent only |
| Reserve for loyalty awards credits | ¥20.1 billion | Parent only |
| Lease obligations | ¥43.1 billion | Parent only |
| Lease obligations | ¥13.9 billion | Parent only |
| General reserve | ¥1,220.0 billion | Parent only |
| Retained earnings | ¥1,825.8 billion | Parent only |
| Legal retained earnings | ¥22.2 billion | Parent only |
| Deferred contribution for construction | ¥3.0 billion | Parent only |
| Prepaid fares received clrwy | ¥104.1 billion | Parent only |
| Advances received | ¥147.0 billion | Parent only |
| Prepaid expenses | ¥9.5 billion | Parent only |
| Construction in progress affiliated rwy | ¥18.3 billion | Parent only |
| Noncurrent assets affiliated rwy | ¥327.4 billion | Parent only |
| Non-current liabilities | ¥5,748.3 billion | Parent only |
| Non-current assets | ¥8,674.9 billion | Parent only |
| Reserve for advanced depreciation of noncurrent assets | ¥59.9 billion | Parent only |
| Construction in progress | ¥470.5 billion | Parent only |
| Investments and other assets | ¥1,119.9 billion | Parent only |
| Investment securities | ¥338.1 billion | Parent only |
| Provision for large scale renovation of the shinkansen infrastructure nclrwy | ¥240.0 billion | Parent only |
| Property, plant and equipment | ¥922.7 billion | Parent only |
| Property, plant and equipment | ¥12,674.1 billion | Parent only |
| Property, plant and equipment | ¥1,686.1 billion | Parent only |
| Property, plant and equipment, net | ¥315.9 billion | Parent only |
| Property, plant and equipment, net | ¥5,334.3 billion | Parent only |
| Property, plant and equipment, net | ¥1,367.0 billion | Parent only |
| Accrued fares receivables | ¥462.3 billion | Parent only |
| Accounts receivable-other | ¥142.4 billion | Parent only |
| Income taxes payable | ¥14.3 billion | Parent only |
| Accrued expenses | ¥41.6 billion | Parent only |
| Accounts payable - other | ¥631.2 billion | Parent only |
| Shareholders' equity | ¥2,117.8 billion | Parent only |
| Current liabilities | ¥1,675.2 billion | Parent only |
| Current assets | ¥980.2 billion | Parent only |
| Accumulated depreciation | ¥-606.7 billion | Parent only |
| Accumulated depreciation | ¥-7,339.8 billion | Parent only |
| Accumulated depreciation | ¥-319.2 billion | Parent only |
| Provision for loss on disaster | ¥2.8 billion | Parent only |
| Provision for loss on disaster | ¥54.00 million | Parent only |
| Intangible assets | ¥11.5 billion | Parent only |
| Intangible assets | ¥50.4 billion | Parent only |
| Intangible assets | ¥5.5 billion | Parent only |
| Reserve for special depreciation | ¥5.0 billion | Parent only |
| Cash and deposits | ¥217.7 billion | Parent only |
| Provision for environmental measures | ¥6.9 billion | Parent only |
| Provision for environmental measures | ¥7.8 billion | Parent only |
| Bonds payable | ¥3,289.6 billion | Parent only |
| Net assets | ¥2,231.6 billion | Parent only |
| Net assets | ¥2,231.6 billion | Parent only |
| Total assets | ¥9,655.0 billion | Parent only |
| Deferred tax assets | ¥177.7 billion | Parent only |
| Retained earnings brought forward | ¥518.7 billion | Parent only |
| Treasury stock | ¥-6.5 billion | Parent only |
| Valuation and translation adjustments | ¥113.7 billion | Parent only |
| Liabilities | ¥7,423.5 billion | Parent only |
| Liabilities and net assets | ¥9,655.0 billion | Parent only |
| Real estate for sale | ¥36.0 billion | Parent only |
| Supplies | ¥37.7 billion | Parent only |
| Allowance for doubtful accounts | ¥-45.6 billion | Parent only |
| Allowance for doubtful accounts | ¥-0.1 billion | Parent only |
| Capital surplus | ¥98.6 billion | Parent only |
| Legal capital surplus | ¥97.8 billion | Parent only |
| Capital stock | ¥200.0 billion | Parent only |
| Asset retirement obligations | ¥9.0 billion | Parent only |
| Asset retirement obligations | ¥2.2 billion | Parent only |
| Provision for bonuses | ¥57.2 billion | Parent only |
| Provision for retirement benefits | ¥416.2 billion | Parent only |
| Railway service | ¥351.0 billion | Parent only |
| Noncurrent assets railway rwy | ¥5,384.6 billion | Parent only |
| Long term accounts payable railway equipment nclrwy | ¥297.2 billion | Parent only |
| Long-term loans payable | ¥1,295.6 billion | Parent only |
| Long term deferred contribution for construction | ¥74.9 billion | Parent only |
| Long-term prepaid expenses | ¥56.8 billion | Parent only |
| Shares of subsidiaries and associates | ¥232.1 billion | Parent only |
| Affiliated company short-term loans payable | ¥222.6 billion | Parent only |
| Loans receivable to subsidiaries and affiliates | ¥64.2 billion | Parent only |
| Long term loans payable to subsidiaries and affiliates | ¥54.8 billion | Parent only |
| Long-term loans receivable from subsidiaries and affiliates | ¥350.3 billion | Parent only |
| Construction in progress related rwy | ¥101.2 billion | Parent only |
| Noncurrent assets related rwy | ¥1,372.4 billion | Parent only |
| Inter line fares received clrwy | ¥53.7 billion | Parent only |
| Deposits received | ¥20.6 billion | Parent only |
| Current portion of long term accounts payable railway equipment clrwy | ¥4.8 billion | Parent only |
| Current portion of bonds payable | ¥90.0 billion | Parent only |
| Current portion of long-term loans payable | ¥184.2 billion | Parent only |
Statement of income (122 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥9.0 billion | Consolidated |
| Other | ¥32.8 billion | Consolidated |
| Other comprehensive income | ¥23.3 billion | Consolidated |
| Valuation difference on available for sale securities net of tax | ¥28.5 billion | Consolidated |
| Amortization of goodwill | ¥0.7 billion | Consolidated |
| Personnel expenses | ¥261.5 billion | Consolidated |
| Dividends from surplus | ¥-78.2 billion | Consolidated |
| Comprehensive income | ¥272.1 billion | Consolidated |
| Insurance and dividends income | ¥4.3 billion | Consolidated |
| Interest income | ¥0.8 billion | Consolidated |
| Dividend income | ¥6.2 billion | Consolidated |
| Increase in cash and cash equivalents resulting from merger | ¥2.0 billion | Consolidated |
| Operating income | ¥414.3 billion | Consolidated |
| Operating income | ¥414.3 billion | Consolidated |
| Operating revenue | ¥3,084.7 billion | Consolidated |
| Operating revenue | ¥3,084.7 billion | Consolidated |
| Non-operating income | ¥28.6 billion | Consolidated |
| Non-operating expenses | ¥91.3 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥765.1 billion | Consolidated |
| Operating expenses | ¥2,670.4 billion | Consolidated |
| Loss on sale of non-current assets | ¥1.4 billion | Consolidated |
| Gain on sales of non-current assets | ¥0.3 billion | Consolidated |
| Loss on retirement of non-current assets | ¥2.7 billion | Consolidated |
| Contribution for construction | ¥33.5 billion | Consolidated |
| Reduction entry of land contribution for construction | ¥30.0 billion | Consolidated |
| Net income | ¥247.8 billion | Consolidated |
| Net income | ¥247.8 billion | Consolidated |
| Net income (loss) | ¥248.8 billion | Consolidated |
| Net income (loss) | ¥248.8 billion | Consolidated |
| Gain on sales of investment securities | ¥37.6 billion | Consolidated |
| Net cash provided by (used in) investing activities | ¥-877.6 billion | Consolidated |
| Share of profit of investments accounted for using equity method | ¥9.2 billion | Consolidated |
| Change in treasury shares arising from change in equity in entities accounted for using equity method | ¥-0.2 billion | Consolidated |
| Share of other comprehensive income of investments accounted for using equity method | ¥5.9 billion | Consolidated |
| Interest expenses | ¥83.3 billion | Consolidated |
| Income taxes - current | ¥42.0 billion | Consolidated |
| Income taxes | ¥85.3 billion | Consolidated |
| Income taxes - deferred | ¥43.4 billion | Consolidated |
| Depreciation | ¥102.0 billion | Consolidated |
| Impairment loss | ¥15.2 billion | Consolidated |
| Impairment loss | ¥15.2 billion | Consolidated |
| Foreign currency translation adjustment net of tax | ¥1.0 billion | Consolidated |
| Loss on sales of goods | ¥0.2 billion | Consolidated |
| Gain on sales of goods | ¥1.5 billion | Consolidated |
| Extraordinary income | ¥80.4 billion | Consolidated |
| Extraordinary loss | ¥97.9 billion | Consolidated |
| Effect of exchange rate change on cash and cash equivalents | ¥0.4 billion | Consolidated |
| Net increase (decrease) in cash and cash equivalents | ¥26.6 billion | Consolidated |
| Income (loss) before income taxes | ¥334.1 billion | Consolidated |
| Income (loss) before income taxes | ¥334.1 billion | Consolidated |
| Ordinary income | ¥351.6 billion | Consolidated |
| Deferred gains or losses on hedges net of tax | ¥-3.1 billion | Consolidated |
| Disposal of treasury stock | ¥1.6 billion | Consolidated |
| Purchase of treasury stock | ¥-8.1 billion | Consolidated |
| Comprehensive income attributable to owners of parent | ¥271.2 billion | Consolidated |
| Taxes | ¥52.3 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥138.7 billion | Consolidated |
| Selling, general and administrative expenses | ¥717.5 billion | Consolidated |
| Selling, general and administrative expenses | ¥717.5 billion | Consolidated |
| Remeasurements of defined benefit plans net of tax | ¥-9.0 billion | Consolidated |
| Loss on revision of retirement benefit plan | ¥15.8 billion | Consolidated |
| Capital increase of consolidated subsidiaries | ¥14.00 million | Consolidated |
| Purchase of shares of consolidated subsidiaries | ¥-0.9 billion | Consolidated |
| Operating expenses and cost of sales of transportation rwy | ¥1,952.9 billion | Consolidated |
| Miscellaneous income | ¥6.6 billion | Consolidated |
| Miscellaneous expenses noerwy | ¥7.8 billion | Consolidated |
| Comprehensive income attributable to non-controlling interests | ¥0.9 billion | Consolidated |
| Net income (loss) attributable to non-controlling interests | ¥0.9 billion | Consolidated |
| Other | ¥16.3 billion | Parent only |
| Other | ¥13.4 billion | Parent only |
| General and administrative expenses | ¥250.3 billion | Parent only |
| Revenue from real estate leasing business | ¥115.1 billion | Parent only |
| Operating income total business | ¥302.0 billion | Parent only |
| Dividends from surplus | ¥-78.2 billion | Parent only |
| Insurance and dividends income | ¥3.9 billion | Parent only |
| Interest income | ¥4.1 billion | Parent only |
| Dividend income | ¥29.7 billion | Parent only |
| Non-operating income | ¥44.2 billion | Parent only |
| Non-operating expenses | ¥92.0 billion | Parent only |
| Loss on sale of non-current assets | ¥1.3 billion | Parent only |
| Gain on sales of non-current assets | ¥0.2 billion | Parent only |
| Cost of sales | ¥21.3 billion | Parent only |
| Contribution for construction | ¥31.9 billion | Parent only |
| Reduction entry of land contribution for construction | ¥28.6 billion | Parent only |
| Net income (loss) | ¥197.0 billion | Parent only |
| Net income (loss) | ¥197.0 billion | Parent only |
| Gain on sales of investment securities | ¥36.5 billion | Parent only |
| Interest expenses | ¥38.6 billion | Parent only |
| Passenger transportation | ¥1,848.5 billion | Parent only |
| Income taxes - current | ¥10.9 billion | Parent only |
| Income taxes | ¥59.2 billion | Parent only |
| Income taxes - deferred | ¥48.3 billion | Parent only |
| Depreciation | ¥314.5 billion | Parent only |
| Depreciation | ¥35.9 billion | Parent only |
| Impairment loss | ¥8.1 billion | Parent only |
| Loss on sales of goods | ¥0.2 billion | Parent only |
| Gain on sales of goods | ¥1.4 billion | Parent only |
| Extraordinary income | ¥84.9 billion | Parent only |
| Extraordinary loss | ¥82.9 billion | Parent only |
| Environmental expenses | ¥7.0 billion | Parent only |
| Interest on bonds | ¥47.7 billion | Parent only |
| Bond issuance cost | ¥1.4 billion | Parent only |
| Income (loss) before income taxes | ¥256.2 billion | Parent only |
| Ordinary income | ¥254.2 billion | Parent only |
| Disposal of treasury stock | ¥1.6 billion | Parent only |
| Purchase of treasury stock | ¥-7.8 billion | Parent only |
| Taxes | ¥100.9 billion | Parent only |
| Taxes | ¥23.3 billion | Parent only |
| Selling, general and administrative expenses | ¥47.8 billion | Parent only |
| Loss on revision of retirement benefit plan | ¥15.8 billion | Parent only |
| Miscellaneous income of transportation | ¥165.3 billion | Parent only |
| Transportation operating expenses | ¥1,129.7 billion | Parent only |
| Operating income railway rwy | ¥225.0 billion | Parent only |
| Operating revenue railway rwy | ¥2,020.4 billion | Parent only |
| Operating expenses railway rwy | ¥1,795.4 billion | Parent only |
| Trackage revenue orrwy | ¥6.6 billion | Parent only |
| Operating income related rwy | ¥77.0 billion | Parent only |
| Operating revenue related rwy | ¥205.3 billion | Parent only |
| Operating expenses related rwy | ¥128.3 billion | Parent only |
| Miscellaneous income | ¥23.1 billion | Parent only |
| Miscellaneous income | ¥5.0 billion | Parent only |
| Miscellaneous expenses noerwy | ¥4.1 billion | Parent only |
Statement of changes in equity (4 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Total changes during the period | ¥187.9 billion | Consolidated |
| Net changes in items other than shareholders' equity | ¥23.8 billion | Consolidated |
| Total changes during the period | ¥136.4 billion | Parent only |
| Net changes in items other than shareholders' equity | ¥23.8 billion | Parent only |
Statement of cash flows (33 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥-54.5 billion | Consolidated |
| Other | ¥-18.1 billion | Consolidated |
| Other | ¥11.3 billion | Consolidated |
| Increase decrease in notes and accounts payable trade | ¥83.5 billion | Consolidated |
| Interest expenses paid | ¥-79.8 billion | Consolidated |
| Interest and dividends income received | ¥13.0 billion | Consolidated |
| Interest and dividend income | ¥-7.0 billion | Consolidated |
| Loss on tax purpose reduction entry of non-current assets | ¥30.0 billion | Consolidated |
| Loss on retirement of non-current assets | ¥37.1 billion | Consolidated |
| Decrease increase in notes and accounts receivable trade | ¥-87.2 billion | Consolidated |
| Subtotal | ¥867.0 billion | Consolidated |
| Proceeds from contribution received for construction | ¥23.0 billion | Consolidated |
| Contribution for construction | ¥-33.5 billion | Consolidated |
| Purchase of investment securities | ¥-43.2 billion | Consolidated |
| Proceeds from sales of investment securities | ¥47.5 billion | Consolidated |
| Interest expenses | ¥83.3 billion | Consolidated |
| Increase decrease in provision for large scale renovation of the shinkansen infrastructure ope cfrwy | ¥24.0 billion | Consolidated |
| Purchase of property plant and equipment and intangible assets | ¥-888.1 billion | Consolidated |
| Proceeds from sales of property plant and equipment and intangible assets | ¥1.3 billion | Consolidated |
| Income taxes paid | ¥-33.6 billion | Consolidated |
| Depreciation | ¥428.7 billion | Consolidated |
| Impairment loss | ¥15.2 billion | Consolidated |
| Payments for loss on disaster | ¥-1.6 billion | Consolidated |
| Increase decrease in provision for environmental measures | ¥3.9 billion | Consolidated |
| Redemption of bonds | ¥-207.5 billion | Consolidated |
| Proceeds from issuance of bonds | ¥340.7 billion | Consolidated |
| Increase (decrease) in net defined benefit liability | ¥32.9 billion | Consolidated |
| Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation | ¥-1.1 billion | Consolidated |
| Dividends | ¥-78.2 billion | Consolidated |
| Payments for long term accounts payable railway equipment fin cfrwy | ¥-4.6 billion | Consolidated |
| Proceeds from long term loans payable | ¥240.9 billion | Consolidated |
| Repayment of long term loans payable | ¥-162.8 billion | Consolidated |
| Amortization of long term prepaid expenses | ¥14.2 billion | Consolidated |
Basic indicators
| Item | Value | Consolidated / Non-consolidated | Source |
|---|---|---|---|
| Net cash provided by (used in) operating activities | ¥765.1 billion | Consolidated | Disclosed |
| Dividend per share | 74 | Parent only | Disclosed |
| Number of employees | 70,623 | Consolidated | Disclosed |
| Net assets | ¥3,060.1 billion | Consolidated | Disclosed |
| Operating income | ¥414.3 billion | Consolidated | Disclosed |
| Operating revenue | ¥3,084.7 billion | Consolidated | Disclosed |
| Ordinary income | ¥351.6 billion | Consolidated | Disclosed |
| Net income | ¥247.8 billion | Consolidated | Disclosed |
| Total assets | ¥10,820.7 billion | Consolidated | Disclosed |
| Operating margin | 13.4% | Consolidated | Calculated |
| Net margin | 8.0% | Consolidated | Calculated |
| Sales per employee | 43678108 yen | Consolidated | Calculated |
| Total asset turnover | 0.29 times | Consolidated | Calculated |
| Net assets to total assets | 28.3% | Consolidated | Calculated |