West Japan Railway Company (JP:9021)
:9021
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West Japan Railway Company
(9021)
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Rating:66Neutral
Price Target:
¥3,788.00
▲(17.28% Upside)
Action:ReiteratedDate:10/30/25
West Japan Railway Company's overall stock score is driven by its strong financial performance and reasonable valuation. The company's financial health is improving, with significant revenue growth and profitability recovery. However, technical analysis indicates bearish momentum, which slightly offsets the positive financial outlook. The absence of earnings call data and corporate events means these factors do not influence the score.
Positive Factors
Revenue & Margin Recovery
Sustained revenue growth and restored profitability signal a durable operational recovery. Doubling revenue over the multi-year period and improving gross/EBIT margins point to stronger demand and better cost efficiency, which supports reinvestment, stable operations and long-term cash generation.
Negative Factors
High Leverage
Elevated leverage is typical for rail operators but increases refinancing, interest and liquidity risk. High debt constrains strategic flexibility, raises the cost of capital for projects, and heightens vulnerability to revenue shocks or interest-rate moves over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Recovery
Sustained revenue growth and restored profitability signal a durable operational recovery. Doubling revenue over the multi-year period and improving gross/EBIT margins point to stronger demand and better cost efficiency, which supports reinvestment, stable operations and long-term cash generation.
Read all positive factors
West Japan Railway Company (9021) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.45T
Dividend Yield3%
Average Volume (3M)1.49M
Price to Earnings (P/E)10.4
Beta (1Y)0.48
Revenue Growth5.48%
EPS Growth33.67%
CountryJP
Employees44,366
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)75.56
Shares Outstanding455,561,300
10 Day Avg. Volume1,561,430
30 Day Avg. Volume1,490,756
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)1.20
Price to Sales (P/S)0.81
P/FCF Ratio-763.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,400.00Price Target Upside5.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)238.12
Revenue Forecast (FY)¥1.85T
West Japan Railway Company Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
JR West generates revenue through several key streams. The primary source of income comes from passenger fares collected from its extensive rail services, which include both long-distance Shinkansen routes and local train services. Additionally, t...
West Japan Railway Company Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
65
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.73T | 1.71T | 1.64T | 1.40T | 1.03T | 920.05B |
| Gross Profit | 428.31B | 404.90B | 384.14B | 257.30B | 30.21B | -91.33B |
| EBITDA | 356.83B | 349.51B | 343.07B | 245.33B | 42.97B | -70.84B |
| Net Income | 124.53B | 113.96B | 98.76B | 88.53B | -113.20B | -233.17B |
Balance Sheet | ||||||
| Total Assets | 3.69T | 3.75T | 3.78T | 3.74T | 3.70T | 3.48T |
| Cash, Cash Equivalents and Short-Term Investments | 94.19B | 125.62B | 233.47B | 290.17B | 319.92B | 210.31B |
| Total Debt | 1.53T | 1.57T | 1.60T | 1.70T | 1.77T | 1.61T |
| Total Liabilities | 2.41T | 2.47T | 2.55T | 2.59T | 2.63T | 2.52T |
| Stockholders Equity | 1.16T | 1.16T | 1.11T | 1.03T | 968.94B | 853.05B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.81B | 68.96B | 27.95B | -326.95B | -345.34B |
| Operating Cash Flow | 0.00 | 281.43B | 318.31B | 273.96B | -86.47B | -103.30B |
| Investing Cash Flow | 0.00 | -263.11B | -243.65B | -214.90B | -188.71B | -211.69B |
| Financing Cash Flow | 0.00 | -126.17B | -131.62B | -88.77B | 384.69B | 446.75B |
West Japan Railway Company Technical Analysis
Positive
3230.00
Price Trends
3225.80
Negative
3140.78
Positive
3169.66
Positive
Market Momentum
-19.99
Negative
50.58
Neutral
50.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9021, the sentiment is Positive. The current price of 3230 is above the 20-day moving average (MA) of 3174.95, above the 50-day MA of 3225.80, and above the 200-day MA of 3169.66, indicating a neutral trend. The MACD of -19.99 indicates Negative momentum. The RSI at 50.58 is Neutral, neither overbought nor oversold. The STOCH value of 50.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9021.
West Japan Railway Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥3.96T | 6.49 | 11.29% | 0.74% | 9.82% | 24.12% | |
74 Outperform | ¥4.12T | 16.15 | 7.85% | 1.69% | 4.61% | 5.75% | |
66 Neutral | ¥1.45T | 10.37 | 11.29% | 3.00% | 5.48% | 33.67% | |
65 Neutral | ¥610.98B | 12.46 | 8.51% | 2.96% | -2.82% | -50.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥578.41B | 5.46 | 9.94% | 2.49% | 1.72% | 10.19% | |
59 Neutral | ¥580.79B | 8.46 | 9.26% | 2.68% | 10.39% | 32.43% |
* Industrials Sector Average
JP:9021
West Japan Railway Company
3,192.00
449.09
16.37%
JP:9022
Central Japan Railway Company
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East Japan Railway Company
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JP:9142
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Odakyu Electric Railway Co
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JP:9001
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2,950.00
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26.14%
West Japan Railway Company Corporate Events
JR West Updates FY2026.3 Q3 Results and Medium-Term Plan Progress
Feb 3, 2026
The company’s FY2026.3 third-quarter materials outline financial results, updated earnings forecasts, and a progress report on its Medium-Term Management Plan 2025, indicating continued emphasis on operational performance tracking and strate...
West Japan Railway Extends Profit Streak to Fifth Term on Expo-Driven Demand and Record Revenues
Feb 3, 2026
West Japan Railway Company reported strong consolidated results for the nine months ended December 31, 2025, with operating revenues, operating income, recurring income, and profit attributable to owners of the parent all rising year on year, mark...
JR West Lifts Nine-Month Profit, Keeps FY2026 Outlook and Dividend Targets Intact
Feb 3, 2026
West Japan Railway Company reported solid growth for the nine months ended December 31, 2025, with operating revenues up 7.5% year on year to ¥1.34 trillion and income attributable to owners of parent rising 5.5% to ¥121.0 billion. Opera...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.