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Central Japan Railway Company ( (JP:9022) ) has shared an announcement.
Central Japan Railway Company announced a significant increase in the total construction costs for the Chuo Shinkansen section between Shinagawa and Nagoya, now expected to reach 11 trillion yen. This increase is attributed to price surges and challenging construction work, prompting the company to secure additional financing while maintaining sound management and stable dividends. The company plans to continue cost reduction efforts and may adjust railway fares to manage inflationary impacts.
The most recent analyst rating on (JP:9022) stock is a Buy with a Yen4739.00 price target. To see the full list of analyst forecasts on Central Japan Railway Company stock, see the JP:9022 Stock Forecast page.
More about Central Japan Railway Company
Central Japan Railway Company operates in the railway industry, primarily focusing on high-speed rail services. The company is known for its Shinkansen bullet trains and is a key player in Japan’s transportation sector, serving major routes and contributing to regional connectivity.
Average Trading Volume: 2,492,944
Technical Sentiment Signal: Buy
Current Market Cap: Yen4121B
For detailed information about 9022 stock, go to TipRanks’ Stock Analysis page.