East Japan Railway (EJPRY) ( (EJPRY) ) has released its Q3 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 prominent player in the rail transport industry, primarily operating passenger rail services in the eastern regions of Japan, with additional ventures in retail and real estate sectors.
In its latest earnings report for the nine months ending December 31, 2024, JR East reported a positive financial performance, highlighted by notable increases across key financial metrics such as operating revenues and profits. This period saw an uplift in operating revenues by 6.2% to ¥2,126.0 billion, driven by a rise in railway passenger numbers and increased sales from EKINAKA stores.
The company also experienced significant growth in operating income, which jumped by 18.1% to ¥352.5 billion, and ordinary income, which rose by 19.0% to ¥308.9 billion. Profit attributable to owners of the parent climbed by 17.0% to ¥216.6 billion, reflecting the company’s strong operational performance. A stock split conducted earlier this year also influenced earnings per share calculations, which stood at ¥191.49.
Looking ahead, JR East maintains a cautiously optimistic outlook for the fiscal year ending March 31, 2025, forecasting a 4.5% increase in operating revenues and a 7.2% rise in operating income. The company continues to focus on strategic growth initiatives across its diversified business segments to sustain its momentum in the coming quarters.