JR WestWest Japan Railway Company9021東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥11 is left as operating profit. Revenue changed +8.1% from the prior year, operating profit +9.9%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | — | —× | -3.1% | —× | — |
| 2023 | 6.3% | 0.38× | 2.4% | 3.71× | 8.8% |
| 2024 | 6.0% | 0.44× | 2.6% | 3.51× | 9.2% |
| 2025 | 6.7% | 0.45× | 3.0% | 3.37× | 10.2% |
| 2026 | 6.9% | 0.48× | 3.3% | 3.37× | 11.1% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 1,031,103 | 1,395,531 | 1,635,023 | 1,707,944 | 1,845,840 |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| SG&A | 162,338 | 184,727 | 215,698 | 238,021 | 264,236 |
| Operating income | -119,091 | 83,970 | 179,748 | 180,161 | 198,081 |
| Pretax income | -105,573 | 72,873 | 145,182 | 164,487 | 178,941 |
| Income tax | 5,191 | -20,997 | 40,803 | 45,882 | 45,892 |
| Net income attributable to owners | -113,198 | 88,528 | 98,761 | 113,958 | 127,499 |
| Operating margin | -11.5% | 6.0% | 11.0% | 10.5% | 10.7% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥319.6B | ¥289.9B | ¥233.2B | ¥125.4B | ¥234.9B |
| Total assets | ¥3.7T | ¥3.74T | ¥3.78T | ¥3.75T | ¥3.99T |
| Net assets | ¥1.07T | ¥1.14T | ¥1.23T | ¥1.28T | ¥1.34T |
| Share capital | ¥226.1B | ¥226.1B | ¥226.1B | ¥226.1B | ¥226.1B |
| Trade receivables | ¥42.6B | ¥43.9B | ¥58.4B | ¥58.1B | ¥63.3B |
| Inventories | ¥145.9B | ¥153.2B | ¥160.6B | ¥181.2B | ¥205.5B |
| Property, plant and equipment | ¥2.61T | ¥2.58T | ¥2.63T | ¥2.71T | ¥2.78T |
| Intangible assets excluding goodwill | ¥31.3B | ¥49.3B | ¥46.5B | ¥50.6B | ¥48.5B |
| Investment securities | ¥97.5B | ¥102B | ¥127.9B | ¥138.8B | ¥157.2B |
| Current assets | ¥718B | ¥716.5B | ¥701B | ¥617.3B | ¥803.8B |
| Current liabilities | ¥575.9B | ¥658.5B | ¥710.2B | ¥698.6B | ¥777.3B |
| Trade payables | ¥57.1B | ¥66B | ¥59.9B | ¥63.9B | ¥67.3B |
| Short-term borrowings | ¥14.2B | ¥17.5B | ¥19.3B | ¥17.5B | ¥19.2B |
| Long-term borrowings | ¥578.4B | ¥557.5B | ¥519.9B | ¥498.4B | ¥594.2B |
| Bonds | ¥950B | ¥860B | ¥800B | ¥790B | ¥810B |
| Interest-bearing debt | ¥1.54Tderived | ¥1.43Tderived | ¥1.34Tderived | ¥1.31Tderived | ¥1.42Tderived |
| Total liabilities | ¥2.63T | ¥2.59T | ¥2.55T | ¥2.47T | ¥2.65T |
| Non-controlling interests | ¥105.3B | ¥109.8B | ¥119.1B | ¥123.5B | ¥129.5B |
| Equity attributable to owners of parent | ¥971.3B | ¥1.03T | ¥1.1T | ¥1.13T | ¥1.16T |
| Retained earnings | ¥561.9B | ¥626.1B | ¥694.6B | ¥720.8B | ¥754.7B |
| Treasury stock | -¥482M | -¥1.38B | -¥1.26B | -¥1.27B | -¥1.19B |
EDINET (FSA Japan)
有価証券報告書－第39期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第38期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
訂正有価証券報告書－第37期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
有価証券報告書－第36期(2022/04/01－2023/03/31)
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)
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)
Extracted from XBRL: 54 / Derived from other figures: 2
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