Central Japan Railway Company (JP:9022)
:9022
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Central Japan Railway Company
(9022)
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Rating:72Outperform
Price Target:
¥4,156.00
▼(-4.98% Downside)
Action:Reiterated
Date:05/01/26
The score is led by improving fundamentals (strong revenue and profit rebound) and a very low P/E valuation. These positives are tempered by leveraged balance-sheet risk and uneven free-cash-flow history, while technical indicators show the stock is currently in a weak downtrend below key moving averages.
Positive Factors
Market-leading Shinkansen franchise
JR Central's control of the high‑volume Tokaido Shinkansen creates durable competitive advantage: stable fare revenue, strong route economics and pricing power on Japan's busiest intercity corridor. This core franchise underpins long-term cash flow and cross-selling of station and real estate businesses.
Negative Factors
High absolute debt burden
Although leverage metrics have improved, the large absolute debt stock reduces financial flexibility and raises vulnerability to tougher demand or higher interest rates. For a capital‑intensive railroad, sizable liabilities constrain discretionary investment, dividend policy, and speed of balance sheet repair if cash flow softens.
Read all positive and negative factors
Positive Factors
Negative Factors
Market-leading Shinkansen franchise
JR Central's control of the high‑volume Tokaido Shinkansen creates durable competitive advantage: stable fare revenue, strong route economics and pricing power on Japan's busiest intercity corridor. This core franchise underpins long-term cash flow and cross-selling of station and real estate businesses.
Read all positive factors
Central Japan Railway Company (9022) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.11T
Dividend Yield0.74%
Average Volume (3M)3.08M
Price to Earnings (P/E)5.6
Beta (1Y)0.41
Revenue Growth9.52%
EPS Growth22.53%
CountryJP
Employees29,282
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)492.02
Shares Outstanding1,001,177,100
10 Day Avg. Volume2,800,340
30 Day Avg. Volume3,084,046
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)0.78
Price to Sales (P/S)1.97
P/FCF Ratio15.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,650.00Price Target Upside6.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)514.69
Revenue Forecast (FY)¥2.02T
Central Japan Railway Company Business Overview & Revenue Model
Company Description
Headquartered in Nagoya, Japan, Central Japan Railway Company, established in 1987, conducts extensive railway and related operations throughout the country. Its business is structured into Transportation, Merchandise and Other, Real Estate, and O...
How the Company Makes Money
JR Central generates revenue primarily by providing passenger rail transportation, with its largest earnings driver coming from fares and related charges on high-volume intercity services on the Tokaido Shinkansen (e.g., ticket sales, seat reserva...
Central Japan Railway Company Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
64
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.87T | 2.01T | 1.83T | 1.71T | 1.40T | 935.14B |
| Gross Profit | 942.63B | 1.05T | 902.95B | 798.10B | 552.44B | 161.56B |
| EBITDA | 948.10B | 1.06T | 910.84B | 823.79B | 594.12B | 208.75B |
| Net Income | 483.85B | 552.87B | 458.42B | 384.41B | 219.42B | -51.93B |
Balance Sheet | ||||||
| Total Assets | 10.27T | 10.88T | 10.32T | 9.94T | 9.51T | 9.45T |
| Cash, Cash Equivalents and Short-Term Investments | 1.37T | 1.22T | 1.55T | 2.31T | 2.44T | 2.47T |
| Total Debt | 4.82T | 4.31T | 4.81T | 4.88T | 4.98T | 4.97T |
| Total Liabilities | 5.49T | 5.74T | 5.66T | 5.72T | 5.71T | 5.84T |
| Stockholders Equity | 4.72T | 5.07T | 4.60T | 4.17T | 3.76T | 3.56T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 254.84B | 171.99B | 281.61B | 59.51B | -378.81B |
| Operating Cash Flow | 0.00 | 748.18B | 624.55B | 672.88B | 486.71B | 71.75B |
| Investing Cash Flow | 0.00 | -621.44B | -956.04B | -436.56B | -175.04B | -153.05B |
| Financing Cash Flow | 0.00 | -150.89B | -95.53B | -125.13B | -220.60B | -19.18B |
Central Japan Railway Company Technical Analysis
Negative
4374.00
Price Trends
3703.14
Negative
4045.45
Negative
4118.17
Negative
Market Momentum
-103.53
Negative
31.89
Neutral
16.22
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9022, the sentiment is Negative. The current price of 4374 is above the 20-day moving average (MA) of 3399.25, above the 50-day MA of 3703.14, and above the 200-day MA of 4118.17, indicating a bearish trend. The MACD of -103.53 indicates Negative momentum. The RSI at 31.89 is Neutral, neither overbought nor oversold. The STOCH value of 16.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9022.
Central Japan Railway Company Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥3.11T | 5.59 | 11.29% | 0.74% | 9.52% | 22.53% | |
67 Neutral | ¥530.59B | 11.56 | 9.26% | 2.68% | 10.12% | 5.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥1.18T | 9.24 | 11.29% | 3.00% | 8.07% | 15.55% | |
60 Neutral | ¥3.86T | 15.28 | 7.85% | 1.69% | 6.83% | 10.66% | |
58 Neutral | ¥578.78B | 15.09 | 8.51% | 2.96% | -0.94% | -26.46% | |
57 Neutral | ¥561.16B | 9.97 | 9.94% | 2.49% | 3.80% | 11.82% |
* Industrials Sector Average
JP:9022
Central Japan Railway Company
3,256.00
153.53
4.95%
JP:9020
East Japan Railway Company
3,415.00
410.68
13.67%
JP:9142
Kyushu Railway Company
3,435.00
-201.66
-5.55%
JP:9007
Odakyu Electric Railway Co
1,617.50
-35.10
-2.12%
JP:9001
Tobu Railway Co
2,862.00
462.74
19.29%
JP:9021
West Japan Railway Company
2,593.50
-516.10
-16.60%
Central Japan Railway Company Corporate Events
Central Japan Railway Advances Share Buyback With ¥7.8 Billion Repurchase in May
Jun 5, 2026
Central Japan Railway Company has executed a share repurchase program authorized by its board, buying back 2,182,700 common shares on the Tokyo Stock Exchange between May 1 and May 31, 2026. The purchases totaled about ¥7.79 billion and form ...
JR Central overhauls top management and board ahead of June 2026
May 18, 2026
Central Japan Railway Company has announced a broad reshuffle of its leadership, including changes to representative directors that will take effect following its June 23, 2026 shareholders’ meeting. Senior executives Ataru Kimura and Atsush...
Central Japan Railway Launches ¥20 Billion Share Buyback With Planned Cancellation
Apr 28, 2026
Central Japan Railway Company has authorized a share repurchase of up to 6.5 million common shares, representing about 0.68% of its outstanding stock, for a maximum total of ¥20 billion. The buyback will be conducted on the Tokyo Stock Exchan...
JR Central Posts Strong FY2026 Results and Launches Share Buyback Amid Softer FY2027 Outlook
Apr 28, 2026
Central Japan Railway Company reported strong results for the year ended March 31, 2026, with higher operating revenues, operating income, ordinary income and net income attributable to owners of the parent, supported by improved profitability and...
Nippon Sharyo Earnings Beat Forecasts With Strong Profit Upside
Apr 24, 2026
Central Japan Railway Company reported that its subsidiary Nippon Sharyo, Ltd. posted full-year results for the fiscal year ended March 31, 2026 that significantly exceeded prior forecasts, although the impact on the parent’s consolidated ea...
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.