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名古屋鉄道

名古屋鉄道株式会社

Company highlights

The largest segment by revenue is Traffic, at 26.9% of the total.

Key figures

Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP

RevenueDisclosed ¥691.6B
Operating marginCalculated 5.2%
Net assets to total assetsCalculated 32.6%

Company profile

Securities code 9048 / EDINET code E04101 / Land Transportation / Fiscal year end March 31

名古屋市中村区名駅一丁目２番４号／Capital stock ¥84,185 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Official website: https://www.meitetsu.co.jp/sustainability/career/
Official website: gBizINFO (Ministry of Economy, Trade and Industry).

Company details
髙﨑裕樹 Representative
6/13/1921 Date of incorporation
109 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-24

Profitability ★★★☆☆position among all companies 5.2%
Growth (revenue, 4-year average) ★★★★☆position among all companies 8.9%
Capital efficiency ★★☆☆☆position among all companies 4.8%

Business activities and revenue composition

名古屋鉄道

Revenue and profit by business segment

Period Apr 2025 to Mar 2026Source Annual securities reportsConsolidated・Disclosed

TrafficTraffic Sales 26.9% 27% TransportTransport Sales 26.2% 26% Leisure and…Leisure and services Sales 16.3% 16% Real estateReal estate Sales 15.4% 15% Distributio…Distribution Sales 10.1% 10% Aviation an…Aviation and related services Sales 5.0% 5%
BusinessNet sales to external customers Operating income
This yearShareLast year This yearMarginLast year
Traffic ¥175.3 billion 26.9% ¥156.9 billion ¥21.8 billion 12.4% ¥19.6 billion
Transport ¥170.4 billion 26.2% ¥179.8 billion ¥-7.7 billion -4.5% ¥-3.7 billion
Leisure and services ¥106.2 billion 16.3% ¥102.1 billion ¥3.4 billion 3.2% ¥2.5 billion
Real estate ¥100.3 billion 15.4% ¥116.4 billion ¥13.6 billion 13.5% ¥18.9 billion
Distribution ¥65.8 billion 10.1% ¥65.5 billion ¥-1.9 billion -2.9% ¥-1.3 billion
Aviation and related services ¥32.6 billion 5.0% ¥29.7 billion ¥2.6 billion 7.9% ¥2.3 billion
Total of the businesses ¥650.7 billion100.0%

Revenue and profit

Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Personnel expenses ¥32.6 billion Consolidated
Rent expenses ¥4.2 billion Consolidated
Depreciation ¥3.5 billion Consolidated
Advertising expenses ¥3.2 billion Consolidated
Amortization of goodwill ¥0.3 billion Consolidated
Profit by stage Ordinary income ¥38.4 billion Consolidated
Operating income ¥36.2 billion Consolidated
Net income ¥23.0 billion Consolidated

名古屋鉄道

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Personnel expenses ¥32.6 billion (74.6%)75%Rent expenses ¥4.2 billion (9.6%)10%Depreciation ¥3.5 billion (7.9%)8%Advertising expenses ¥3.2 billion (7.3%)7%Amortization of goodwill ¥0.3 billion (0.6%)¥43.7B
  • Personnel expenses　¥32.6 billion
  • Rent expenses　¥4.2 billion
  • Depreciation　¥3.5 billion
  • Advertising expenses　¥3.2 billion
  • Amortization of goodwill　¥0.3 billion

Performance, financial position and capital allocation

Finance
32.6% Net assets to total assets Industry median 41.8% FY ending 3/2026 · consolidated / calculated
1.4% Return on assets (ROA)
¥2,473.18 Net assets per share
¥-89.4 billion Free cash flow
¥1,584.8 billion Total assets
¥3.1 billion Goodwill (the part of the acquisition price above the net assets acquired)
Capital allocation
170.8% Cash conversion Industry median 151.8% FY ending 3/2026 · consolidated / calculated
-1.0% Increase in working capital ★★☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
12.3% Return to shareholders ★★☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
1.1% Extraordinary gains and losses relative to ordinary profit ★★★☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
32.9% Investment securities to net assets ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated

Long-term changes in performance

Period 2013 to 2026Disclosed

Revenue ×1.13 from 2013 to 2026

名古屋鉄道

Long-term revenue, profit and asset trends

Period 2013 to 2026Source Annual securities reportsDisclosed

Mark on the chart
692 458 225 -8 2013 2015 2017 2019 2021 2023 2025 2026 Net sales and operating revenue Ordinary income 2021　Operating revenue year on year -22.7%, Ordinary income (loss) as a share of revenue -9.6 points, Ordinary income (loss) profit to loss 2022　Ordinary income (loss) as a share of revenue +4.4 points, Ordinary income (loss) loss to profit 2023　Ordinary income (loss) as a share of revenue +2.1 points 692Latest value 2026 692¥ billion 692Highest in the period shown 2026 692¥ billion 482Lowest in the period shown 2021 482¥ billion ¥ billion

名古屋鉄道

Recent performance trends

Source Annual securities reports

692 461 231 0 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2013 to 2026Disclosed

Item20222023202420252026
Operating revenue ¥490.9B ¥551.5B ¥601.1B ¥690.7B ¥691.6B
Year on year (%) +1.9% +12.3% +9.0% +14.9% +0.1%
Ordinary income (loss) ¥13.1B ¥26.4B ¥37.5B ¥47.7B ¥38.4B
Change from prior year loss to profit◆ +100.7% +42.4% +27.0% -19.5%
Ordinary income (loss) as a share of Operating revenue 2.7% 4.8% 6.2% 6.9% 5.5%
Change (percentage points) +4.4 points◆ +2.1 points◆ +1.5 points +0.7 points -1.4 points

Fiscal periods marked for changes

  • 2021Operating revenue year on year -22.7%, Ordinary income (loss) as a share of revenue -9.6 points, Ordinary income (loss) profit to loss
  • 2022Ordinary income (loss) as a share of revenue +4.4 points, Ordinary income (loss) loss to profit
  • 2023Ordinary income (loss) as a share of revenue +2.1 points

名古屋鉄道

Earnings and net assets per share over time

Unit yenSource Annual securities reports

192 128 64 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 2,473 1,649 824 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

名古屋鉄道

Return on equity over time

Unit %Source Annual securities reports

8 6 3 0 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Operating revenue ¥490.9 billion ¥551.5 billion ¥601.1 billion ¥690.7 billion ¥691.6 billion
Ordinary income (loss) ¥13.1 billion ¥26.4 billion ¥37.5 billion ¥47.7 billion ¥38.4 billion
Net income (loss) attributable to owners of parent ¥9.4 billion ¥18.9 billion ¥24.4 billion ¥37.7 billion ¥23.0 billion
Comprehensive income ¥8.7 billion ¥23.2 billion ¥38.3 billion ¥33.7 billion ¥26.7 billion
Net assets ¥411.1 billion ¥429.1 billion ¥464.1 billion ¥498.3 billion ¥517.2 billion
Total assets ¥1,186.9 billion ¥1,231.4 billion ¥1,303.2 billion ¥1,448.9 billion ¥1,584.8 billion
Net assets per share 1,949.33 yen 2,057.89 yen 2,230.53 yen 2,354.79 yen 2,473.18 yen
Basic earnings (loss) per share 47.65 yen 95.91 yen 124.13 yen 192.12 yen 117.05 yen
Diluted earnings per share 44.53 yen 89.62 yen 116.01 yen 167.69 yen 104 yen
Equity-to-asset ratio 32.3% 32.8% 33.6% 31.9% 30.6%
Return on equity 2.5% 4.8% 5.8% 8.4% 4.8%
Net cash provided by (used in) operating activities ¥39.3 billion ¥61.2 billion ¥55.5 billion ¥78.7 billion ¥61.4 billion
Net cash provided by (used in) investing activities ¥-39.0 billion ¥-59.4 billion ¥-68.4 billion ¥-138.1 billion ¥-150.9 billion
Net cash provided by (used in) financing activities ¥-3.3 billion ¥2.6 billion ¥18.0 billion ¥55.9 billion ¥89.7 billion
Cash and cash equivalents ¥50.4 billion ¥54.9 billion ¥60.0 billion ¥56.5 billion ¥56.8 billion
Parent only indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Operating revenue ¥85.2 billion ¥90.3 billion ¥98.0 billion ¥107.4 billion ¥111.9 billion
Ordinary income (loss) ¥6.0 billion ¥8.5 billion ¥15.2 billion ¥22.7 billion ¥26.1 billion
Net income (loss) ¥4.7 billion ¥7.3 billion ¥13.2 billion ¥20.7 billion ¥31.6 billion
Capital stock ¥101.2 billion ¥101.2 billion ¥101.2 billion ¥101.2 billion ¥101.2 billion
Total number of issued shares (common stock) 196,700,692 shares 196,700,692 shares 196,700,692 shares 196,700,692 shares 196,700,692 shares
Net assets ¥280.5 billion ¥288.6 billion ¥307.0 billion ¥315.9 billion ¥347.9 billion
Total assets ¥867.5 billion ¥891.3 billion ¥948.1 billion ¥1,051.2 billion ¥1,200.7 billion
Net assets per share 1,426.13 yen 1,468.4 yen 1,561.25 yen 1,611.11 yen 1,773.75 yen
Dividend per share 12.5 yen 20 yen 27.5 yen 38.5 yen 40 yen
Basic earnings (loss) per share 23.88 yen 36.99 yen 67.25 yen 105.3 yen 161.15 yen
Diluted earnings per share 22.32 yen 34.56 yen 62.85 yen 91.91 yen 143.19 yen
Equity-to-asset ratio 32.3% 32.4% 32.4% 30.1% 29.0%
Return on equity 1.7% 2.6% 4.4% 6.6% 9.5%
Payout ratio 52.3% 54.1% 40.9% 36.6% 24.8%

Dividend history

Source: reporting company’s key figures, annual securities reports · 13 years (2013 to 2026)Parent-onlyDisclosed

4 periods Consecutive increases (own definition) through FY ending 3/2026
5 periods Consecutive periods with dividends (site definition) through FY ending 3/2026
+3.9% Dividend growth (year on year)
Fewer than six years Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 3/2026 ¥40 Could not be retrieved 24.8%
FY ending 3/2025 ¥38.5 Could not be retrieved 36.6%
FY ending 3/2024 ¥27.5 Could not be retrieved 40.9%
FY ending 3/2023 ¥20 Could not be retrieved 54.1%
FY ending 3/2022 ¥12.5 Could not be retrieved 52.3%
FY 2021 Could not be retrieved Could not be retrieved Could not be retrieved
FY ending 3/2020 ¥25 Could not be retrieved 27.0%
FY ending 3/2019 ¥27.5 Could not be retrieved 24.5%
FY ending 3/2018 ¥27.5 Could not be retrieved 27.3% Stock split or share consolidation noted
FY ending 3/2017 ¥5 Could not be retrieved 33.6%
FY ending 3/2016 ¥5 Could not be retrieved 56.4%
FY ending 3/2015 ¥4.5 Could not be retrieved 44.6%
FY ending 3/2014 ¥4 Could not be retrieved 45.2%
FY ending 3/2013 ¥3 Could not be retrieved 43.7%

名古屋鉄道

Dividends per share over time

Unit yenSource Annual securities reports

40 27 13 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

88,845 Shareholders
15.32% Foreign holders (total) Industry median 11.50%
54.73% Individuals and others Industry median 36.62%

名古屋鉄道

Unit %Source Annual securities reports

  • Financial institutions24.11%
  • Securities firms0.91%
  • Other corporations4.89%
  • Foreign holders (institutions)15.27%
  • Foreign holders (individuals)0.05%
  • Individuals and others54.73%
  • Government and municipalities0.04%

Major shareholders

RankShareholderShareholding ratioShares held
1 日本マスタートラスト信託銀行株式会社(信託口) 10.18% 19,983,000
2 株式会社日本カストディ銀行(信託口) 2.35% 4,612,000
3 野村 絢（常任代理人 三田証券株式会社） 1.82% 3,581,000
4 日本生命保険相互会社 1.8% 3,538,000
5 ジェーピー モルガン チェース バンク 385781（常任代理人 株式会社みずほ銀行決済営業部） 1.5% 2,949,000
6 ステート ストリート バンク アンド トラスト カンパニー505223（常任代理人 株式会社みずほ銀行決済営業部） 1.36% 2,678,000
7 株式会社三菱UFJ銀行 1.25% 2,457,000
8 ステート ストリート バンク アンド トラスト カンパニー 505001（常任代理人 株式会社みずほ銀行決済営業部） 1.1% 2,176,000
9 東京海上日動火災保険株式会社 1.02% 2,012,000
10 三井住友海上火災保険株式会社 0.94% 1,863,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2021 to 2026)Disclosed

Not disclosed Research and development
¥156.0 billion Capital expenditure 22.6% of revenue (industry median 8.7%)
Fiscal year Capital expenditure
FY ending 3/2026 ¥156.0 billion
FY ending 3/2021 ¥47.9 billion

Research and development expenses and capital expenditure by segment (FY ending 3/2026)

Segment Capital expenditure
Traffic ¥44.4 billion
Transport ¥11.8 billion
Leisure and services ¥2.5 billion
Real estate ¥82.4 billion
Distribution ¥1.0 billion
Aviation and related services ¥9.2 billion

Revenue scale in the same industry

名古屋鉄道

Source Annual securities reports of each company

Land Transportation: 93 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed

Workforce information

Source: Annual Securities Report (Apr 2025 to Mar 2026)Parent-onlyDisclosed

5,096 Employees (parent only) Industry median 349
44.4 Average age Industry median 43.9
23.3 years Average length of service Industry median 15.6 years
¥6.61 million Average annual salary Industry median ¥6.52 million
People and organisation
22.6¥ million Sales per employee Industry median 24.1¥ million FY ending 3/2026 · consolidated / calculated
¥1.18 million Operating income per employee
83.2% Wage gap between men and women
8.7% Women in managerial positions
104.0% Men taking childcare leave
Men 4,270
Women 276 Employees by gender
7,127 Average temporary staff

Administrative filings and published information

Workplace information filings

Filed 2026-09-30Disclosed

ItemValue
Employees 4,546
Annual paid leave taken (all employees) 94.2%
Share of managers who are women 8.7%

Subsidy award information

13 awards, 2018-11-01 to 2023-05-08Disclosed

Date approvedSubsidyMinistryAmount
2023-05-08令和５年度鉄道施設総合安全対策事業費補助国土交通省 ¥65.57 million
2023-02-15令和４年度鉄道施設総合安全対策事業費補助国土交通省 ¥0.3 billion
2023-02-06令和４年度鉄道施設総合安全対策事業費補助国土交通省 ¥33.00 million
2022-11-07令和４年度鉄道施設総合安全対策事業費補助国土交通省 ¥57.00 million
2022-09-09令和４年度無人自動運転等のＣＡＳＥ対応に向けた実証・支援事業（地域新ＭａａＳ 創出推進事業：都市部の交通不便エリアにおける新たなモビリティサービスの導入）経済産業省 ¥23.80 million
2022-01-31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 ¥1.67 million
2022-01-17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 ¥96.00 million
2021-12-02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 ¥0.2 billion
2021-04-01国宝重要文化財文化財等保存整備事業文部科学省 ¥4.32 million
2020-12-02令和２年度鉄道施設総合安全対策事業費補助国土交通省 ¥17.50 million
2019-06-17令和元年度鉄道施設総合安全対策事業費補助国土交通省 ¥80.67 million
2019-04-01国宝重要文化財文化財等保存整備事業文部科学省 ¥57.24 million
1 more

Greenhouse gas emissions

Reported to the government for fiscal 2023Disclosed

CategoryEmissions
特定旅客輸送事業者166,012 t-CO2
特定事業所排出者16,780 t-CO2
Sites covered by the report1

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm 有限責任あずさ監査法人
Audit fees (this year, total) ¥0.3 billion
Non-audit fees (this year, total) ¥3.00 million
Going concern note Cannot be determined
Accounting standard Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (29 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥26.7 billion Consolidated
Operating revenue ¥691.6 billion Consolidated
Net cash provided by (used in) operating activities ¥61.4 billion Consolidated
Net cash provided by (used in) investing activities ¥-150.9 billion Consolidated
Diluted earnings per share 104 yen Consolidated
Cash and cash equivalents ¥56.8 billion Consolidated
Net assets ¥517.2 billion Consolidated
Ordinary income (loss) ¥38.4 billion Consolidated
Total assets ¥1,584.8 billion Consolidated
Return on equity 4.8% Consolidated
Equity-to-asset ratio 30.6% Consolidated
Net income (loss) attributable to owners of parent ¥23.0 billion Consolidated
Net cash provided by (used in) financing activities ¥89.7 billion Consolidated
Basic earnings (loss) per share 117.05 yen Consolidated
Net assets per share 2,473.18 yen Consolidated
Dividend per share 40 yen Parent only
Operating revenue ¥111.9 billion Parent only
Net income (loss) ¥31.6 billion Parent only
Diluted earnings per share 143.19 yen Parent only
Total number of issued shares (common stock) 196,700,692 shares Parent only
Net assets ¥347.9 billion Parent only
Ordinary income (loss) ¥26.1 billion Parent only
Total assets ¥1,200.7 billion Parent only
Return on equity 9.5% Parent only
Equity-to-asset ratio 29.0% Parent only
Capital stock ¥101.2 billion Parent only
Payout ratio 24.8% Parent only
Basic earnings (loss) per share 161.15 yen Parent only
Net assets per share 1,773.75 yen Parent only

Employees (11 items)

ItemValueConsolidated / Non-consolidated
Number of employees 30,637 people Consolidated
Number of employees 30,637 people Consolidated
Wage gap between men and women (all employees) 83.2% Parent only
Average length of service (years) 23.3 years Parent only
Average annual salary ¥6.61 million Parent only
Average age (years) 44.4 years old Parent only
Number of employees 5,096 people Parent only
Number of employees 5,096 people Parent only
Number of employees 5,096 people Parent only
Wage gap between men and women (regular employees) 87.5% Parent only
Wage gap between men and women (non-regular employees) 67.3% Parent only

Other disclosed items (12 items)

ItemValueConsolidated / Non-consolidated
Net sales to external customers ¥691.6 billion Consolidated
Average number of temporary employees 7,127 people Consolidated
Average number of temporary employees 7,127 people Consolidated
Number of associates accounted for using equity method 15 companies Consolidated
Number of unconsolidated subsidiaries accounted for using equity method 0 companies Consolidated
Increase in property plant and equipment and intangible assets ¥156.0 billion Consolidated
Write-downs of inventories ¥1.1 billion Consolidated
Depreciation ¥46.5 billion Consolidated
Number of consolidated subsidiaries 109 companies Consolidated
Rate of male employees taking childcare leave (all employees) 104.0% Parent only
Total return on the share price index 202.2% Parent only
Ratio of female employees in managerial positions 8.7% Parent only

Shares (18 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 45,853,000 shares Consolidated
Total number of shares held treasury shares etc 547,100 shares Consolidated
Number of issues whose number of shares increased 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 not listed investment shares held for purposes other than pure investment reporting company 2 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 5 issues Consolidated
Total acquisition cost for increased shares shares not listed investment shares held for purposes other than pure investment reporting company ¥30.00 million Consolidated
Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company ¥51.00 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 ¥1.3 billion Consolidated
Number of shares 196,700,692 shares Consolidated
Shareholding ratio treasury shares etc 0.3% Consolidated
Shareholding ratio 23.4% Consolidated
Number of shares held in own name treasury shares etc 547,100 shares Consolidated
Number of voting rights 1,955,009 units Consolidated
Carrying amount on the balance sheet ¥17.9 billion Consolidated
Carrying amount on the balance sheet ¥63.7 billion Consolidated
Number of issues 88 issues Consolidated
Number of issues 17 issues Consolidated
Total shareholder return 70.8% Parent only

Property and facilities (3 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥156.0 billion Consolidated
Capital expenditures ¥156.0 billion Consolidated
Capital expenditures ¥156.0 billion Consolidated

Audit (5 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥0.1 billion Consolidated
Fees for audit and attestation services - total ¥0.3 billion Consolidated
Fees for audit and attestation services - consolidated subsidiaries ¥0.2 billion Consolidated
Fees for non-audit services - reporting company ¥3.00 million Consolidated
Fees for non-audit services - total ¥3.00 million Consolidated

Accounts unique to this company (15 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥54.00 million Consolidated
Revenue ¥0.4 billion Consolidated
Revenue ¥0.3 billion Consolidated
Revenue ¥5.5 billion Consolidated
Revenue ¥0.9 billion Consolidated
Revenue ¥-92.00 million Consolidated
Revenue ¥-5.5 billion Consolidated
Revenue ¥-1.5 billion Consolidated
Revenue ¥1.4 billion Consolidated
Revenue ¥1.0 billion Consolidated
Change in average annual salary from the previous year 4.4% Parent only
Revenue ¥0.3 billion Parent only
Revenue ¥0.6 billion Parent only
Revenue ¥0.3 billion Parent only
Revenue ¥9.8 billion Parent only

Balance sheet (151 items)

ItemValueConsolidated / Non-consolidated
Other ¥22.0 billion Consolidated
Other ¥16.8 billion Consolidated
Other ¥49.2 billion Consolidated
Other ¥31.2 billion Consolidated
Other ¥4.3 billion Consolidated
Valuation difference on available-for-sale securities ¥32.9 billion Consolidated
Other, net ¥14.6 billion Consolidated
Goodwill ¥3.1 billion Consolidated
Goodwill ¥3.1 billion Consolidated
Commercial papers ¥15.0 billion Consolidated
Lease obligations ¥8.5 billion Consolidated
Lease obligations ¥1.2 billion Consolidated
Lease assets ¥0.1 billion Consolidated
Lease assets, net ¥8.1 billion Consolidated
Work in process ¥0.7 billion Consolidated
Deferred tax liabilities for land revaluation ¥56.8 billion Consolidated
Land and buildings for sale in lots ¥97.4 billion Consolidated
Retained earnings ¥226.8 billion Consolidated
Advances received ¥103.3 billion Consolidated
Raw materials and supplies ¥7.5 billion Consolidated
Notes receivable - trade ¥71.7 billion Consolidated
Merchandise and finished goods ¥6.8 billion Consolidated
Non-current liabilities ¥697.4 billion Consolidated
Non-current assets ¥1,312.4 billion Consolidated
Land ¥463.0 billion Consolidated
Revaluation reserve for land ¥86.1 billion Consolidated
Buildings and structures, net ¥352.7 billion Consolidated
Construction in progress ¥162.4 billion Consolidated
Deposits received from employees ¥2.6 billion Consolidated
Investments and other assets ¥198.3 billion Consolidated
Investment securities ¥170.2 billion Consolidated
Notes and accounts payable - trade ¥84.9 billion Consolidated
Right of using facilities ¥10.3 billion Consolidated
Property, plant and equipment ¥1,096.4 billion Consolidated
Income taxes payable ¥8.4 billion Consolidated
Shareholders' equity ¥363.3 billion Consolidated
Machinery, equipment and vehicles, net ¥95.6 billion Consolidated
Current liabilities ¥370.3 billion Consolidated
Current assets ¥272.4 billion Consolidated
Accumulated depreciation ¥-835.2 billion Consolidated
Foreign currency translation adjustment ¥49.00 million Consolidated
Intangible assets ¥17.7 billion Consolidated
Cash and cash equivalents ¥56.8 billion Consolidated
Cash and deposits ¥57.3 billion Consolidated
Short-term loans payable ¥83.4 billion Consolidated
Short-term loans receivable with resale agreement ¥0.1 billion Consolidated
Bonds payable ¥300.0 billion Consolidated
Net assets ¥517.2 billion Consolidated
Net assets ¥517.2 billion Consolidated
Total assets ¥1,584.8 billion Consolidated
Total assets ¥1,584.8 billion Consolidated
Deferred gains or losses on hedges ¥0.4 billion Consolidated
Deferred tax liabilities ¥14.8 billion Consolidated
Deferred tax assets ¥11.1 billion Consolidated
Treasury stock ¥-1.0 billion Consolidated
Valuation and translation adjustments ¥121.8 billion Consolidated
Liabilities ¥1,067.6 billion Consolidated
Liabilities and net assets ¥1,584.8 billion Consolidated
Allowance for doubtful accounts ¥-0.3 billion Consolidated
Allowance for doubtful accounts ¥-0.2 billion Consolidated
Capital surplus ¥36.3 billion Consolidated
Capital stock ¥101.2 billion Consolidated
Provision for bonuses ¥6.9 billion Consolidated
Remeasurements of defined benefit plans ¥2.3 billion Consolidated
Net defined benefit liability ¥32.3 billion Consolidated
Net defined benefit asset ¥0.5 billion Consolidated
Long-term loans payable ¥262.7 billion Consolidated
Long-term loans receivable ¥0.2 billion Consolidated
Non-controlling interests ¥32.2 billion Consolidated
Current portion of bonds payable ¥15.0 billion Consolidated
Other ¥0.1 billion Parent only
Other ¥1.4 billion Parent only
Other ¥0.8 billion Parent only
Other ¥1.0 billion Parent only
Valuation difference on available-for-sale securities ¥28.2 billion Parent only
Commercial papers ¥15.0 billion Parent only
Lease obligations ¥0.2 billion Parent only
Lease obligations ¥40.00 million Parent only
Provision for loss on guarantees ¥22.7 billion Parent only
Deferred tax liabilities for land revaluation ¥50.5 billion Parent only
Investments in capital ¥5.00 million Parent only
Retained earnings ¥103.3 billion Parent only
Legal retained earnings ¥2.8 billion Parent only
Unearned revenue ¥0.5 billion Parent only
Prepaid fares received clrwy ¥5.6 billion Parent only
Advances received ¥102.8 billion Parent only
Prepaid expenses ¥0.3 billion Parent only
Construction in progress affiliated rwy ¥1.8 billion Parent only
Noncurrent assets affiliated rwy ¥5.5 billion Parent only
Non-current liabilities ¥635.1 billion Parent only
Non-current assets ¥921.2 billion Parent only
Revaluation reserve for land ¥82.7 billion Parent only
Construction in progress ¥144.4 billion Parent only
Provision for directors' bonuses ¥58.00 million Parent only
Investments and other assets ¥246.5 billion Parent only
Investment securities ¥81.6 billion Parent only
Bonds with subscription rights to shares ¥50.0 billion Parent only
Property, plant and equipment ¥7.8 billion Parent only
Property, plant and equipment ¥792.8 billion Parent only
Property, plant and equipment ¥228.8 billion Parent only
Property, plant and equipment, net ¥4.0 billion Parent only
Property, plant and equipment, net ¥366.1 billion Parent only
Property, plant and equipment, net ¥153.8 billion Parent only
Accrued income ¥0.5 billion Parent only
Accrued fares receivables ¥2.8 billion Parent only
Accounts receivable-other ¥4.6 billion Parent only
Income taxes payable ¥2.6 billion Parent only
Accrued expenses ¥2.5 billion Parent only
Accounts payable - other ¥36.7 billion Parent only
Shareholders' equity ¥237.1 billion Parent only
Current liabilities ¥217.7 billion Parent only
Current assets ¥279.5 billion Parent only
Accumulated depreciation ¥-3.8 billion Parent only
Accumulated depreciation ¥-426.6 billion Parent only
Accumulated depreciation ¥-75.1 billion Parent only
Intangible assets ¥1.5 billion Parent only
Intangible assets ¥4.7 billion Parent only
Intangible assets ¥0.1 billion Parent only
Cash and deposits ¥27.8 billion Parent only
Short-term loans payable ¥20.0 billion Parent only
Short-term loans receivable with resale agreement ¥238.4 billion Parent only
Bonds payable ¥250.0 billion Parent only
Net assets ¥347.9 billion Parent only
Net assets ¥347.9 billion Parent only
Total assets ¥1,200.7 billion Parent only
Deferred tax liabilities ¥9.5 billion Parent only
Retained earnings brought forward ¥100.5 billion Parent only
Treasury stock ¥-1.0 billion Parent only
Valuation and translation adjustments ¥110.8 billion Parent only
Liabilities ¥852.7 billion Parent only
Liabilities and net assets ¥1,200.7 billion Parent only
Supplies ¥4.2 billion Parent only
Allowance for doubtful accounts ¥-1.00 million Parent only
Capital surplus ¥33.6 billion Parent only
Legal capital surplus ¥33.6 billion Parent only
Capital stock ¥101.2 billion Parent only
Asset retirement obligations ¥0.9 billion Parent only
Provision for bonuses ¥1.5 billion Parent only
Provision for retirement benefits ¥10.9 billion Parent only
Railroad ¥137.4 billion Parent only
Noncurrent assets railroad rwy ¥370.9 billion Parent only
Long-term loans payable ¥235.7 billion Parent only
Long-term prepaid expenses ¥26.00 million Parent only
Long term guarantee deposited ¥4.1 billion Parent only
Development ¥5.2 billion Parent only
Noncurrent assets development development rwy ¥153.9 billion Parent only
Shares of subsidiaries and associates ¥163.4 billion Parent only
Inter line fares received clrwy ¥1.2 billion Parent only
Deposits received ¥0.3 billion Parent only
Current portion of bonds payable ¥15.0 billion Parent only
Current portion of long-term loans payable ¥13.1 billion Parent only

Statement of income (118 items)

ItemValueConsolidated / Non-consolidated
Other ¥1.2 billion Consolidated
Other ¥1.1 billion Consolidated
Other comprehensive income ¥7.9 billion Consolidated
Valuation difference on available for sale securities net of tax ¥8.8 billion Consolidated
Amortization of goodwill ¥0.3 billion Consolidated
Amortization of goodwill ¥0.3 billion Consolidated
Personnel expenses ¥32.6 billion Consolidated
Dividends from surplus ¥-7.5 billion Consolidated
Comprehensive income ¥26.7 billion Consolidated
Interest income ¥0.3 billion Consolidated
Dividend income ¥2.4 billion Consolidated
Operating income ¥36.2 billion Consolidated
Operating income ¥36.2 billion Consolidated
Operating revenue ¥691.6 billion Consolidated
Operating revenue ¥691.6 billion Consolidated
Non-operating income ¥8.0 billion Consolidated
Non-operating expenses ¥5.8 billion Consolidated
Net cash provided by (used in) operating activities ¥61.4 billion Consolidated
Operating expenses ¥655.4 billion Consolidated
Loss on sale of non-current assets ¥0.2 billion Consolidated
Gain on sales of non-current assets ¥1.5 billion Consolidated
Loss on retirement of non-current assets ¥1.8 billion Consolidated
Revaluation reserve for land ¥-0.5 billion Consolidated
Revaluation reserve for land net of tax ¥-85.00 million Consolidated
Contribution for construction ¥2.6 billion Consolidated
Reduction entry of land contribution for construction ¥2.2 billion Consolidated
Advertising expenses ¥3.2 billion Consolidated
Loss on closing of stores ¥1.5 billion Consolidated
Net income ¥23.0 billion Consolidated
Net income ¥23.0 billion Consolidated
Net income (loss) ¥18.8 billion Consolidated
Net income (loss) ¥18.8 billion Consolidated
Gain on sales of investment securities ¥2.9 billion Consolidated
Loss on valuation of investment securities ¥7.00 million Consolidated
Net cash provided by (used in) investing activities ¥-150.9 billion Consolidated
Share of profit of investments accounted for using equity method ¥3.3 billion Consolidated
Share of other comprehensive income of investments accounted for using equity method ¥-1.4 billion Consolidated
Interest expenses ¥5.0 billion Consolidated
Income taxes - current ¥13.2 billion Consolidated
Income taxes ¥20.0 billion Consolidated
Income taxes - deferred ¥6.7 billion Consolidated
Depreciation ¥3.5 billion Consolidated
Impairment loss ¥5.4 billion Consolidated
Impairment loss ¥5.4 billion Consolidated
Foreign currency translation adjustment net of tax ¥-0 Consolidated
Extraordinary income ¥13.7 billion Consolidated
Extraordinary loss ¥13.2 billion Consolidated
Effect of exchange rate change on cash and cash equivalents ¥-0 Consolidated
Net increase (decrease) in cash and cash equivalents ¥0.3 billion Consolidated
Income (loss) before income taxes ¥38.8 billion Consolidated
Income (loss) before income taxes ¥38.8 billion Consolidated
Ordinary income ¥38.4 billion Consolidated
Deferred gains or losses on hedges net of tax ¥0.3 billion Consolidated
Disposal of treasury stock ¥0.1 billion Consolidated
Purchase of treasury stock ¥-11.00 million Consolidated
Comprehensive income attributable to owners of parent ¥30.5 billion Consolidated
Taxes ¥3.3 billion Consolidated
Net cash provided by (used in) financing activities ¥89.7 billion Consolidated
Selling, general and administrative expenses ¥61.9 billion Consolidated
Rent expenses ¥4.2 billion Consolidated
Remeasurements of defined benefit plans net of tax ¥0.2 billion Consolidated
Operating expenses and cost of sales of transportation rwy ¥593.5 billion Consolidated
Miscellaneous income ¥2.0 billion Consolidated
Miscellaneous expenses ¥0.8 billion Consolidated
Changes in equity of parent from transaction of non controlling interest ¥0.3 billion Consolidated
Comprehensive income attributable to non-controlling interests ¥-3.8 billion Consolidated
Net income (loss) attributable to non-controlling interests ¥-4.1 billion Consolidated
Other ¥1.4 billion Parent only
Other ¥0.3 billion Parent only
Other proceeds ¥1.1 billion Parent only
General and administrative expenses ¥6.3 billion Parent only
Operating income total business ¥16.5 billion Parent only
Dividends from surplus ¥-7.5 billion Parent only
Interest income ¥1.4 billion Parent only
Dividend income ¥12.4 billion Parent only
Non-operating income ¥14.9 billion Parent only
Non-operating expenses ¥5.2 billion Parent only
Loss on sale of non-current assets ¥10.00 million Parent only
Gain on sales of non-current assets ¥0.2 billion Parent only
Loss on retirement of non-current assets ¥1.4 billion Parent only
Revaluation reserve for land ¥33.00 million Parent only
Revenue land and building lease or development ¥11.3 billion Parent only
Cost of sales ¥5.4 billion Parent only
Contribution for construction ¥1.7 billion Parent only
Reduction entry of land contribution for construction ¥1.5 billion Parent only
Net income (loss) ¥31.6 billion Parent only
Net income (loss) ¥31.6 billion Parent only
Gain on sales of investment securities ¥1.3 billion Parent only
Interest expenses ¥2.2 billion Parent only
Passenger transportation ¥95.4 billion Parent only
Interest on securities ¥50.00 million Parent only
Income taxes - current ¥3.6 billion Parent only
Income taxes ¥6.3 billion Parent only
Income taxes - deferred ¥2.7 billion Parent only
Depreciation ¥15.7 billion Parent only
Depreciation ¥2.9 billion Parent only
Extraordinary income ¥14.9 billion Parent only
Extraordinary loss ¥3.2 billion Parent only
Interest on bonds ¥2.0 billion Parent only
Bond issuance cost ¥0.2 billion Parent only
Income (loss) before income taxes ¥37.9 billion Parent only
Ordinary income ¥26.1 billion Parent only
Disposal of treasury stock ¥0.1 billion Parent only
Purchase of treasury stock ¥-11.00 million Parent only
Taxes ¥4.0 billion Parent only
Taxes ¥2.1 billion Parent only
Freight transportation orrwy ¥1.00 million Parent only
Selling, general and administrative expenses ¥0.8 billion Parent only
Miscellaneous income of transportation ¥4.1 billion Parent only
Transportation operating expenses ¥58.2 billion Parent only
Operating income railroad oerwy ¥15.3 billion Parent only
Operating revenue railroad rwy ¥99.6 billion Parent only
Operating expenses railroad rwy ¥84.3 billion Parent only
Operating income development rwy ¥1.2 billion Parent only
Operating revenue development rwy ¥12.4 billion Parent only
Operating expenses development rwy ¥11.2 billion Parent only
Miscellaneous income ¥1.1 billion Parent only
Miscellaneous expenses noerwy ¥0.2 billion Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥18.9 billion Consolidated
Net changes in items other than shareholders' equity ¥3.6 billion Consolidated
Total changes during the period ¥32.0 billion Parent only
Net changes in items other than shareholders' equity ¥7.8 billion Parent only

Statement of cash flows (47 items)

ItemValueConsolidated / Non-consolidated
Other ¥1.2 billion Consolidated
Other ¥-0.2 billion Consolidated
Increase decrease in other provision ¥51.00 million Consolidated
Amortization of goodwill ¥0.3 billion Consolidated
Net increase (decrease) in commercial paper ¥5.0 billion Consolidated
Repayments of lease obligations ¥-1.2 billion Consolidated
Increase decrease in notes and accounts payable trade ¥-7.9 billion Consolidated
Interest expenses paid ¥-4.6 billion Consolidated
Interest and dividends income received ¥4.8 billion Consolidated
Interest and dividend income ¥-2.7 billion Consolidated
Purchase of non-current assets ¥-172.3 billion Consolidated
Proceeds from sales of non-current assets ¥2.1 billion Consolidated
Loss (gain) on sales of fixed assets ¥-1.2 billion Consolidated
Loss on retirement of non-current assets ¥0.6 billion Consolidated
Decrease increase in notes and accounts receivable trade ¥0.3 billion Consolidated
Net decrease (increase) in time deposits ¥-20.00 million Consolidated
Subtotal ¥75.1 billion Consolidated
Proceeds from contribution received for construction ¥26.4 billion Consolidated
Contribution for construction ¥-2.6 billion Consolidated
Purchase of investment securities ¥-8.8 billion Consolidated
Proceeds from sales and redemption of investment securities ¥3.8 billion Consolidated
Loss (gain) on sales of long-term investment securities ¥-2.9 billion Consolidated
Valuation gains (losses) on investment securities ¥7.00 million Consolidated
Equity in earnings losses of affiliates ¥-3.3 billion Consolidated
Interest expenses ¥5.0 billion Consolidated
Decrease (increase) in inventories ¥6.8 billion Consolidated
Income taxes paid ¥-13.9 billion Consolidated
Depreciation ¥46.5 billion Consolidated
Impairment loss ¥5.4 billion Consolidated
Net increase (decrease) in short-term borrowings ¥6.5 billion Consolidated
Payments of short term loans receivable ¥-34.00 million Consolidated
Collection of short-term loans receivable ¥88.00 million Consolidated
Redemption of bonds ¥-25.0 billion Consolidated
Proceeds from issuance of bonds ¥44.8 billion Consolidated
Regarding purchase of treasury stock ¥-11.00 million Consolidated
Proceeds from sales of treasury stock ¥0 Consolidated
Increase (decrease) in allowance for doubtful accounts ¥-88.00 million Consolidated
Increase (decrease) in provision for bonuses ¥0.2 billion Consolidated
Increase (decrease) in net defined benefit liability ¥-3.8 billion Consolidated
Payments for acquisition in subsidiaries resulting in change in scope of consolidation ¥-2.1 billion Consolidated
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation ¥-0.3 billion Consolidated
Dividends ¥-7.5 billion Consolidated
Proceeds from long term loans payable ¥86.4 billion Consolidated
Repayment of long term loans payable ¥-16.9 billion Consolidated
Payments of long-term loans receivable ¥-30.00 million Consolidated
Collection of long-term loans receivable ¥13.00 million Consolidated
Dividends paid to non-controlling interests ¥-0.5 billion Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥61.4 billion ConsolidatedDisclosed
Dividend per share 40 Parent onlyDisclosed
Number of employees 30,637 ConsolidatedDisclosed
Net assets ¥517.2 billion ConsolidatedDisclosed
Operating income ¥36.2 billion ConsolidatedDisclosed
Operating revenue ¥691.6 billion ConsolidatedDisclosed
Ordinary income ¥38.4 billion ConsolidatedDisclosed
Net income ¥23.0 billion ConsolidatedDisclosed
Total assets ¥1,584.8 billion ConsolidatedDisclosed
Operating margin 5.2%ConsolidatedCalculated
Net margin 3.3%ConsolidatedCalculated
Sales per employee 22573457 yenConsolidatedCalculated
Total asset turnover 0.44 timesConsolidatedCalculated
Net assets to total assets 32.6%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 5.2%　Operating income ÷ net sales 　＝ ¥36.2 billion ÷ ¥691.6 billion
    Operating income ÷ net sales. The denominator is Operating revenue (Consolidated, Japanese GAAP).
  • Net margin 3.3%　Net income ÷ net sales 　＝ ¥23.0 billion ÷ ¥691.6 billion
    Net income ÷ net sales. The denominator is Operating revenue (Consolidated, Japanese GAAP).
  • Sales per employee 22,573,457 yen　Sales or operating revenue ÷ employees 　＝ ¥691.6 billion ÷ 30,637 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.44 times　Sales or operating revenue ÷ total assets 　＝ ¥691.6 billion ÷ ¥1,584.8 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 32.6%　Net assets ÷ total assets 　＝ ¥517.2 billion ÷ ¥1,584.8 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　President and Director, gBizINFO
  • Date of incorporation　gBizINFO · 105 years since incorporation
  • Consolidated subsidiaries　Annual Securities Report

Revenue and profit by business segment

  • Source: segment information, Annual Securities Report (Apr 2025 to Mar 2026) · Consolidated · Net sales to external customers · filed 2026-06-24
  • Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same row“Total” in the segment information of the annual securities report: ¥691.6 billion. Gap against this table’s total (the part not listed as a business, such as “other”) within 1%The account may differ from “Revenue” at the top of this pageProfit share: not shown (one or more loss-making businesses)

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Return on assets (ROA)　Net income ÷ total assets (consolidated)
  • Net assets per share　Consolidated
  • Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets　Consolidated
  • Goodwill (the part of the acquisition price above the net assets acquired)　1% of net assets (consolidated)

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Increase in working capital　(increase in trade receivables + increase in inventories) ÷ net sales (or operating revenue)。Trade receivables down ¥0.3 billion + inventories down ¥6.8 billion, over net sales ¥691.6 billion
  • Return to shareholders　(dividends paid + purchase of treasury stock) ÷ net cash provided by operating activities。Dividends paid ¥7.5 billion + purchase of treasury stock ¥11.00 million, over operating cash flow ¥61.4 billion
  • Extraordinary gains and losses relative to ordinary profit　(extraordinary income − extraordinary loss) ÷ ordinary income。Extraordinary income ¥13.7 billion − extraordinary loss ¥13.2 billion, over ordinary income ¥38.4 billion
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥170.2 billion, over net assets ¥517.2 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2013

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Return on equity over time

  • Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above. Flagged 1 years: a note about a stock split or share consolidation, or a period other than 12 months. No calculation across those years, as the dividend per share may rest on a different share base.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Land Transportation that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Land Transportation that disclose the item (industries with at least 5 companies only). Segment names and order: the same as the segment table above. Group-wide research and adjustments mean segment figures may not add up to the company-wide amount.

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 30,637 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Land Transportation that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Wage gap between men and women　Women's pay with men's pay set to 100, reporting company
  • Women in managerial positions　Reporting company (parent only)
  • Men taking childcare leave　Reporting company (parent only)
  • Employees by gender　gBizINFO
  • Average temporary staff　Consolidated, average headcount other than regular employees

Workplace information filings

  • Source: processed from Shokuba-labo, the workplace information site of the Ministry of Health, Labour and Welfare. Items the company filed only Shokuba-labo

Subsidy award information

  • Source: gBizINFO (Ministry of Economy, Trade and Industry). Subsidy award records published by each ministry, matched by corporate number gBizINFO (METI)

Greenhouse gas emissions

  • Categories count different things; not added together Source: processed from the Ministry of the Environment’s greenhouse gas calculation, reporting and disclosure system (EEGS). Companies required to report only Ministry of the Environment (EEGS)

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of 名古屋鉄道株式会社 on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 8180001031837 / Accounting standard: Japanese GAAP

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork