Kyushu Railway Company9142東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

Kyushu Railway Company FY ending Mar 2026 results

About 37% of Kyushu Railway Company's sales come from Transportation, with Real Estate and Hotels and Retail and Restaurant making up much of the rest.

Out of every ¥100 of sales, about ¥15 is left as operating profit.

Revenue changed +10.1% from the prior year, operating profit +25.5%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +10.1% · profit +25.5%, calculated from disclosed figures.

Operating leverage: 2.52× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +10.1%¥454.4B → ¥500.4B
Operating income: +25.5%¥59B → ¥74B
Net income attributable to owners: +4.1%¥43.7B → ¥45.5B
Operating cash flow: -24.6%¥96.7B → ¥72.9B
Free cash flow: Loss-¥16.2B → -¥13.1B

Results at a glance

Revenue reached ¥500.4B in the FY ending Mar 2026, up +10.1%.
Operating income climbed to ¥74B from ¥59B, with transportation profits rising the most.
Net income barely kept pace at ¥45.5B (+4.1%), because the company wrote off a project it pulled out of.
Cash from operations dropped -24.6% to ¥72.9B as more money went into property under construction for sale.

What drove the change

Higher train fares pushed up passenger income on both the Shinkansen and conventional lines
Condo handovers in Kumamoto and Kagoshima, plus sales of an office building and rental apartments, lifted real estate revenue
Tenant sales at JR Hakata City and other station buildings held up well

Things to watch

Kyushu is losing people and aging faster than most of Japan, which could thin out commuter and leisure traffic
Much of the business sits on tracks and buildings in one region, so a major earthquake or flood in Kyushu or Fukuoka could hit hard
On a linked network centered on the Shinkansen, even a small accident can disrupt service widely

Annual securities report, 39th fiscal period / 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 fiscal period / 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 Kyushu Railway Company sells, how much goes where, and how much is kept.

FY ending Mar 2026

Operating costs: ¥85
Operating profit: ¥15
Net profit kept: ¥9

Annual margin trends

Operating margin14.8%

Net margin9.1%

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

Transportation¥185.7B
37%
Op. margin 12.9%Industry: JR Railways
Real Estate and Hotels¥151.5B
30%
Op. margin 22.7%Industry: Hotels & Inns
Retail and Restaurant¥71.4B
14%
Op. margin 5.4%Industry: Convenience Stores
Construction¥48.1B
10%
Op. margin 16.1%Industry: General Contractors
Business Services¥43.7B
9%
Op. margin 11.5%

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 S100Y6HR2026-06-19Open
EDINET (FSA Japan)
有価証券報告書－第38期(2024/04/01－2025/03/31)
ID S100VUGL2025-06-18Open
EDINET (FSA Japan)
有価証券報告書－第37期(2023/04/01－2024/03/31)
ID S100TN5F2024-06-21Open
EDINET (FSA Japan)
有価証券報告書－第36期(2022/04/01－2023/03/31)
ID S100QZ5D2023-06-23Open
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 S100OBGP2022-06-23Open
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 S100LJ8C2021-06-23Open

Extracted from XBRL: 52 / Derived from other figures: 2

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