Nishi-Nippon Railroad Co.,Ltd.
9031・Prime Market・Land Transportation
Transportation Business
Core foundational segment of the Nishitetsu Group centered on rail and bus operations
| Period | Current | Previous | Change |
|---|---|---|---|
| Operating Revenue | ¥83,172 million | ¥80,940 million | ↑ |
| Operating Profit | ¥4,055 million | ¥4,979 million | ↓ |
| Railway Passenger Volume | 112,883 thousand persons | 107,015 thousand persons | ↑ |
| Railway Passenger Revenue | ¥22,721 million | ¥21,560 million | ↑ |
| Bus Passenger Volume (Scheduled Routes) | 207,639 thousand persons | 207,637 thousand persons | — |
| Bus Passenger Revenue | ¥46,672 million | ¥45,739 million | ↑ |
| Operating Margin | 4.9% | 6.2% | ↓ |
Business Details
This is the core business of the Nishi-Nippon Railroad Group, comprising the Railway Business (Tenjin Omuta Line, Kaizuka Line, etc.), the Bus Business (Nishitetsu Bus companies), and the Transportation-Related Business. It provides a public transportation network centered on the Fukuoka metropolitan area and is responsible for passenger transport services. Operating revenue for FY2026 (ending March 2026) was ¥83,172 million (up 2.8% year on year). Note that Kita-Kyushu Nishitetsu Kotsu, which had been responsible for the taxi business, has been reclassified into the Bus Business from this fiscal year.
Recent Overview
Revenue increased, but operating profit fell 18.6% due to higher personnel costs from wage improvements
In the Transportation Business for FY2026 (ending March 2026), railway passenger volume continued its recovery with a 5.5% increase, and highway buses also recovered due to increased inbound demand and the opening effect of ONE FUKUOKA BLDG., resulting in operating revenue of ¥83,172 million (up 2.8% year on year). On the other hand, increased personnel costs from wage improvements squeezed profits, leading to a significant decline in operating profit to ¥4,055 million (down 18.6% year on year). From FY2027 (ending March 2027), the reporting segment will be changed to "Mobility Business," and the effect of the railway fare revision implemented in April 2026 is expected to contribute.
Key Products
Growth Drivers
- Continued recovery in railway passenger volume (FY2026 (ending March 2026): 112,883 thousand persons, up 5.5% year on year)
- Revenue increase effect from the railway fare revision implemented in April 2026 (to contribute from FY2027 (ending March 2027))
- Expansion of bus and railway users due to increased inbound demand
- Capturing demand along the line due to the opening of ONE FUKUOKA BLDG. (April 2025)
- Labor-saving and cost efficiency improvements in station operations through expanded centralized station management
Risks
- Continued increase in personnel costs due to treatment improvements (base salary and starting salary hikes, revisions to various allowances)
- Risk of reduced service frequency due to timetable revisions amid crew shortages
- Sluggish growth in bus passenger volume (FY2026 (ending March 2026): up 0.0% year on year)
- Medium- to long-term demand contraction due to domestic population decline and shrinking working-age population
- Capital expenditure burden associated with carbon neutrality measures (introduction of electric buses, etc.)
Last updated: June 18, 2026