West Japan Railway Company

9021・Prime Market・Land Transportation

Official website

West Japan Railway Company

9021・Prime Market・Land Transportation

Official website

West Japan Railway Company9021

Reference Indicators

Market Cap

13,599¥100M

P/E (Forecast)

13.6x

P/B

1.1x

Dividend Yield (Forecast)

3.27%

ROE

10.8%

EV/EBITDA

7.2x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	1,031,103	1,395,531	1,635,023	1,707,944	1,845,840
SG&A Expenses	162,338	184,727	215,698	238,021	264,236
Operating Income	-119,091	83,970	179,748	180,161	198,081
Non-operating Income	23,620	13,177	9,977	10,349	9,542
Non-operating Expenses	25,576	23,528	22,343	24,839	23,940
Ordinary Income	-121,047	73,619	167,382	165,670	183,682
Extraordinary Income	58,818	76,440	30,904	24,711	29,892
Extraordinary Losses	43,343	77,186	53,105	25,894	34,633
Pre-tax Income	-105,573	72,873	145,182	164,487	178,941
Income Taxes	5,191	-20,997	40,803	45,882	45,892
Net Income	-113,198	88,528	98,761	113,958	127,499
EBITDA	42,974	243,625	343,070	349,513	375,928
Operating Margin	-11.5%	6.0%	11.0%	10.5%	10.7%
ROA	-3.1%	2.4%	2.6%	3.0%	3.2%
ROE	-11.7%	8.8%	9.2%	10.1%	10.8%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
モビリティ業	1,105,693	130,920	11.8%
流通業	232,641	16,264	7.0%
不動産業	285,762	46,332	16.2%
旅行・地域ソリューション業	189,203	529	0.3%
その他	32,539	5,410	16.6%