West Japan Railway Company (JP:9021)
:9021
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9021 Stock Chart & Stats
¥3230.00
-¥17.00(-0.61%)
At close: 4:00 PM EST
¥3230.00
-¥17.00(-0.61%)
Day’s Range― - ―
52-Week Range¥2,684.00 - ¥3,577.00
Previous CloseN/A
Volume1.36M
Average Volume (3M)1.49M
Market Cap
¥1.24T
Enterprise Value¥2.61T
Total Cash (Recent Filing)¥94.19B
Total Debt (Recent Filing)¥1.53T
Price to Earnings (P/E)11.3
Beta0.43
Next Earnings
Aug 04, 2026EPS Estimate
75.11Next Dividend Ex-DateN/A
Dividend Yield3%
Share Statistics
EPS (TTM)265.13
Shares Outstanding455,561,300
10 Day Avg. Volume1,561,430
30 Day Avg. Volume1,490,756
Financial Highlights & Ratios
PEG Ratio0.72
Price to Book (P/B)1.19
Price to Sales (P/S)0.78
P/FCF Ratio18.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,900.00Price Target Upside20.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)234.38
Revenue Forecast (FY)¥1.85T
Bulls Say, Bears Say
Bulls Say
Revenue & Profit RecoveryRevenue more than doubled from 920B in 2021 to 1,845.8B in 2026, and operating/net margins improved to ~10.7%/~6.9%. This sustained top-line recovery and restored profitability increase structural resilience, enable reinvestment in services and stations, and support long-term cash generation.
Operating Cash Flow RecoveryOperating cash flow recovered materially to 361.6B in 2026 after negative flows in 2021–22. More reliable OCF supports ongoing capital programs, debt servicing and dividend continuity, reducing refinancing risk and improving ability to fund durable rail networks and station investments.
Station-area Retail & Real Estate IncomeJR West leverages station hubs for retail, services and real estate leasing, creating recurring income streams tied to footfall and property assets. This diversification reduces pure-fare dependence, smooths cyclicality, and provides long-term cash flow tied to urbanization and station-area development.
Bears Say
Asset-heavy Balance Sheet & LeverageThe balance sheet remains asset-heavy with substantial debt (debt ≈1.28x equity in 2026). High fixed assets and elevated leverage constrain financial flexibility, raise interest and refinancing exposure, and limit the company's ability to absorb prolonged demand weakness or pursue large discretionary investments.
Uneven Free Cash Flow And High Capex NeedsFree cash flow has been uneven — 78.5B in 2026 but near break-even/negative in 2025, and FCF only ~22% of net income. Persistent heavy capex for network maintenance and upgrades consumes earnings, constraining capacity to deleverage, materially boost reserves, or accelerate shareholder returns over the medium term.
Historical Earnings VolatilityThe company posted losses in 2021–22 before recovering, showing earnings sensitivity to ridership swings and operating leverage. Given high fixed costs of rail operations, adverse demand shocks or structural travel changes can quickly reduce profitability and strain margins across multi-quarter periods.
West Japan Railway Company News
9021 FAQ
What was West Japan Railway Company’s price range in the past 12 months?
West Japan Railway Company lowest stock price was ¥2684.00 and its highest was ¥3577.00 in the past 12 months.
What is West Japan Railway Company’s market cap?
West Japan Railway Company’s market cap is ¥1.24T.
When is West Japan Railway Company’s upcoming earnings report date?
West Japan Railway Company’s upcoming earnings report date is Aug 04, 2026 which is in 75 days.
How were West Japan Railway Company’s earnings last quarter?
West Japan Railway Company released its earnings results on Apr 30, 2026. The company reported ¥14.9 earnings per share for the quarter, beating the consensus estimate of ¥5.049 by ¥9.851.
Is West Japan Railway Company overvalued?
According to Wall Street analysts West Japan Railway Company’s price is currently Undervalued.
Does West Japan Railway Company pay dividends?
West Japan Railway Company pays a Semiannually dividend of ¥45.5 which represents an annual dividend yield of 3%. See more information on West Japan Railway Company dividends here
What is West Japan Railway Company’s EPS estimate?
West Japan Railway Company’s EPS estimate is 75.11.
How many shares outstanding does West Japan Railway Company have?
West Japan Railway Company has 455,561,300 shares outstanding.
What happened to West Japan Railway Company’s price movement after its last earnings report?
West Japan Railway Company reported an EPS of ¥14.9 in its last earnings report, beating expectations of ¥5.049. Following the earnings report the stock price went down -4.454%.
Which hedge fund is a major shareholder of West Japan Railway Company?
Currently, no hedge funds are holding shares in JP:9021
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
West Japan Railway Company
West Japan Railway Company provides passenger railway transport services in Japan. The company operates through Transportation Operations, Retail Business, Real Estate Business, and Other Businesses segments. It operates a route length of 4,903.1 kilometers, comprising Shinkansen route of 812.6 kilometers and conventional lines of 4,090.5 kilometers; and 1,174 stations, as well as bus and ferry services. The company also engages in the selling of goods and food services; wholesaling; and other retail businesses. It is also involved in the operation of department stores, convenience stores, restaurants, souvenir shops, shopping centers, and others; selling and leasing of real estate; hotel; credit cards and electronic money; and travel, rolling stock and equipment, electrical contracting, electrical equipment, construction, information services, advertising, and other businesses. The company was founded in 1987 and is headquartered in Osaka, Japan.
9021 Stock 12 Month Forecast
Average Price Target
¥3,900.00
▲(20.74% Upside)
Technical Analysis
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Options Prices
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