Nagoya RailroadNagoya Railroad Co., Ltd.9048東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

Nagoya Railroad FY ending Mar 2026 results

About 25% of Nagoya Railroad's sales come from Traffic, with Transport and Leisure and services making up much of the rest.

Out of every ¥100 of sales, about ¥5 is left as operating profit.

Revenue changed +0.1% from the prior year, operating profit -14.0%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +0.1% · profit -14.0%, calculated from disclosed figures.

Operating leverage: -112.06× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for the FY ending Mar 2026 was ¥691.6B, up just +0.1% from ¥690.7B.
Profit fell: operating income dropped -14.0% to ¥36.2B, and net income dropped -39.2% to ¥23B.
Operating cash flow shrank -22.0% to ¥61.4B, and with heavier investment, free cash flow went from -¥54.6B to -¥110.8B.

Income from the newly consolidated Miyagi Kotsu bus group and more rail passengers offset lower sales in real estate and trucking.
Higher staff costs and depreciation cut into operating income.
A one-time gain from a bargain purchase in the prior year did not repeat, which widened the drop in net income.

The trucking and retail businesses are losing money, and the company calls turning them around an urgent task.
The Nagoya Station redevelopment is under review after bidders pulled out of the construction work, and there is no new schedule yet.
Investment is funded partly by loans and bonds, so rising interest rates would raise borrowing costs.

Annual Securities Report (FY ending Mar 2026) / Management's discussion and analysis · Annual Securities Report (FY ending Mar 2026) / Business risks

FY ending Mar 2025 → FY ending Mar 2026

※ Cost of revenue is not disclosed; expenses are combined

For every ¥100 Nagoya Railroad sells, how much goes where, and how much is kept.

FY ending Mar 2026

Operating margin5.2%

Net margin3.3%

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

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

FY ending Mar 2026

Traffic¥175.3B
25%
Op. margin 12.4%Industry: Private Railways
Transport¥170.4B
25%
Op. margin -4.5%Industry: Shipping
Leisure and services¥106.2B
15%
Op. margin 3.2%Industry: Travel Agencies
Real estate¥100.3B
15%
Op. margin 13.5%Industry: Real Estate Development & Leasing
Distribution¥65.8B
10%
Op. margin -2.9%Industry: Department Stores
Other¥40.9B
6%
Op. margin 13.0%
Aviation and related services¥32.6B
5%
Op. margin 7.9%Industry: Airlines

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

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第162期(2025/04/01－2026/03/31)
ID S100YHOL2026-06-24Open
EDINET (FSA Japan)
訂正有価証券報告書－第161期(2024/04/01－2025/03/31)
ID S100WDC72025-07-22Open
EDINET (FSA Japan)
有価証券報告書－第160期(2023/04/01－2024/03/31)
ID S100TR3Y2024-06-27Open
EDINET (FSA Japan)
有価証券報告書－第159期(2022/04/01－2023/03/31)
ID S100R4Y42023-06-29Open
EDINET (FSA Japan)
有価証券報告書－第158期(令和3年4月1日－令和4年3月31日)
ID S100OGY52022-06-29Open
EDINET (FSA Japan)
訂正有価証券報告書－第157期(令和2年4月1日－令和3年3月31日)
ID S100MYV12021-11-30Open

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

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

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.