East Japan Railway (EJPRY) ( (EJPRY) ) has released its Q1 earnings. Here is a breakdown of the information East Japan Railway (EJPRY) presented to its investors.
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East Japan Railway Company (JR East) is a major player in the transportation sector, primarily operating railways in the eastern region of Japan, and is known for its extensive network and innovative services like EKINAKA stores located within railway stations.
In its latest earnings report for the first quarter of fiscal 2026, JR East reported a 4.2% increase in operating revenues, reaching ¥715.3 billion. This growth was driven by an increase in railway passengers and sales at EKINAKA stores, despite a decline in operating income by 4.8% due to reduced profits from real estate sales.
Key financial highlights include a 7.4% rise in profit attributable to owners of the parent, amounting to ¥78.6 billion, largely due to gains on sales of investments in securities. However, ordinary income saw a decrease of 7.0% to ¥98.9 billion. The company’s total assets slightly decreased to ¥10,096,416 million, while net assets increased to ¥2,917,555 million, reflecting a stable equity ratio of 28.8%.
Looking ahead, JR East maintains a positive outlook for fiscal 2026, forecasting a 4.7% increase in operating revenues and a modest growth in profit attributable to owners of the parent by 1.2%. This indicates a cautious yet optimistic approach towards achieving steady financial performance amidst evolving market conditions.