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JR CentralCentral Japan Railway Company9022東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

JR Central FY ending Mar 2026 results

About 82% of JR Central's sales come from Transportation, with Merchandise and other and Other making up much of the rest.

Out of every ¥100 of sales, about ¥41 is left as operating profit.

Revenue changed +9.5% from the prior year, operating profit +18.1%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +9.5% · profit +18.1%, calculated from disclosed figures.

Operating leverage: 1.90× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+9.5%¥1.83T → ¥2.01T
Operating income
+18.1%¥702.8B → ¥830.2B
Net income attributable to owners
+20.6%¥458.4B → ¥552.9B
Operating cash flow
+19.8%¥624.5B → ¥748.2B
Free cash flow
+40.4%¥159.6B → ¥224.1B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥2.01T, up +9.5% from ¥1.83T the year before.
  • Operating income grew faster, +18.1% to ¥830.2B, and net income attributable to owners rose +20.6% to ¥552.9B.
  • Operating cash flow reached ¥748.2B (+19.8%), and free cash flow climbed +40.4% to ¥224.1B.

What drove the change

  • More people rode the Tokaido Shinkansen, which pushed up fare revenue
  • The company ran extra service for Expo 2025 Osaka, Kansai and added Nozomi trains to match demand
  • Every business segment, including retail and real estate, grew revenue, while operating costs rose more slowly than revenue

Things to watch

  • Competition from airlines and the spread of remote work and video meetings could weigh on ridership
  • Rising prices are pushing costs up, and the company says it is hard to raise fares
  • The projected construction cost for the Shinagawa–Nagoya section of the Chuo Shinkansen has gone up, and interest-rate moves on long-term debt could affect results

Annual Securities Report (39th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (39th term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Cost of revenue is not disclosed; expenses are combined

Where ¥100 of sales goes

For every ¥100 JR Central sells, how much goes where, and how much is kept.

FY ending Mar 2026
Operating costs
¥59
Operating profit
¥41
Net profit kept
¥28

Annual margin trends

Operating margin41.4%
FY ending Mar 2021: -22.4%-22.4%FY ending Mar 2022: 0.2%0.2%FY ending Mar 2023: 26.7%26.7%FY ending Mar 2024: 35.5%35.5%FY ending Mar 2025: 38.4%38.4%FY ending Mar 2026: 41.4%41.4%FY21FY22FY23FY24FY25FY26
Net margin27.6%
FY ending Mar 2021: -24.5%-24.5%FY ending Mar 2022: -5.6%-5.6%FY ending Mar 2023: 15.7%15.7%FY ending Mar 2024: 22.5%22.5%FY ending Mar 2025: 25.0%25.0%FY ending Mar 2026: 27.6%27.6%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第39期(2025/04/01－2026/03/31)

    ID S100YD7H2026-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第38期(2024/04/01－2025/03/31)

    ID S100W2Z62025-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第37期(2023/04/01－2024/03/31)

    ID S100TNI72024-06-21Open

  • EDINET (FSA Japan)

    有価証券報告書－第36期(2022/04/01－2023/03/31)

    ID S100R0WN2023-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第35期(令和3年4月1日－令和4年3月31日)

    ID S100OC2F2022-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第34期(令和2年4月1日－令和3年3月31日)

    ID S100LMCH2021-06-23Open

Extracted from XBRL: 53 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

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