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Central Japan Railway Co.

Business Summary

Central Japan Railway Co. engages in the operation of railway services. It operates through the following segments: Transportation, Merchandise, Real Estate, and Others. The Transportation segment involves railway and bus transportation services. The Merchandise segment manages department stores and also provides sales services of goods, and food in stations and trains. The Real Estate segment engages in the development of commercial facilities in stations and areas under elevated track columns. The Others segment manages hotels at major stations, travel business and advertising agencies. It also manufactures rolling stock and maintains, inspects and repairs railway facilities. The company was founded on April 1, 1987 and is headquartered in Nagoya, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit552,438M4,076.50M
Operating income374,504M2,763.51M
Income before tax306,132M2,258.98M
Net income219,418M1,619.11M
Diluted EPS1,114.928.22
Dividends Per Share1350.99
Total Assets9,514.40B71,488.53M
Total liabilities5,707.29B42,882.98M
Total equity3,759.25B28,245.96M
Operating cash flow486,706M3,591.46M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,878.13B 1,844.64B 823,517M 935,139M 1,400.28B
Gross Profit 892,323M 837,227M -36,067M 146,715M 552,438M
Operating income 709,775M 659,593M -184,752M 1,709M 374,504M
Income before tax 630,271M 573,436M -268,576M -66,745M 306,132M
Net income 438,715M 397,881M -201,554M -51,927M 219,418M
EBITDA 921,037M 874,110M 14,610M 208,748M 594,118M
Diluted EPS 2,238.94 2,027.85 -1,025.45 -263.86 1,114.92
Dividends Per Share 145 150 130 130 135
Total Assets 9,295.74B 9,603.12B 9,600.37B 9,450.51B 9,514.40B
Total liabilities 5,787.67B 5,731.02B 5,913.75B 5,841.26B 5,707.29B
Total equity 3,471.29B 3,831.83B 3,642.51B 3,564.07B 3,759.25B
Operating cash flow 600,319M 595,227M -169,354M 71,746M 486,706M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 16,936.22M 16,966.05M 7,764.82M 8,321.76M 10,332.87M
Gross Profit 8,046.58M 7,700.35M -340.07M 1,305.61M 4,076.50M
Operating income 6,400.44M 6,066.57M -1,741.99M 15.20M 2,763.51M
Income before tax 5,683.51M 5,274.14M -2,532.36M -593.96M 2,258.98M
Net income 3,956.14M 3,659.49M -1,900.42M -462.09M 1,619.11M
EBITDA 8,305.51M 8,039.58M 137.75M 1,857.64M 4,384.06M
Diluted EPS 20.18 18.65 -9.66 -2.34 8.22
Dividends Per Share 1.30 1.37 1.22 1.15 0.99
Total Assets 83,983.78M 88,954.89M 86,881.18M 77,862.15M 71,488.53M
Total liabilities 52,289.62M 53,087.12M 53,518.16M 48,125.76M 42,882.98M
Total equity 31,361.93M 35,494.73M 32,963.93M 29,364.19M 28,245.96M
Operating cash flow 5,413.41M 5,474.57M -1,596.81M 638.46M 3,591.46M

Valuation Measures

Mar 2023
Operating margin26.74%
Profit margin15.66%

Key executives

  • President & Representative Director: Shin Kaneko
  • Director & General Manager-General Technology: Toshio Otake
  • Representative Director, VP & Head-Technology: Shunichi Kosuge
  • Representative Director & Vice President: Hideyuki Shoji
  • Representative Director & Vice President: Yoshiki Suyama


  • Central Japan Railway Co. (4.3%)
  • Mizuho Financial Group, Inc. (3.8%)
  • MUFG Bank Pension Fund (3.4%)
  • Nomura Asset Management Co., Ltd. (2.9%)
  • Mitsubishi UFJ Financial Group, Inc. (2.6%)
  • Nippon Life Insurance Co. (2.4%)
  • The Vanguard Group, Inc. (2.3%)
  • Asset Management One Co., Ltd. (2.2%)
  • Norges Bank Investment Management (1.9%)
  • Japan Agricultural Cooperatives Group (1.6%)

Contact Details

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Last Updated on 31 May, 2023

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