Company profile

West Japan Railway Company

EDINET
E04148
Securities
9021
Latest annual securities report
2026-06-16 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-08-27 Shelf Registration Supplement PDF HTML

Industry position

Land Transportation

View details
Profitability Strong Current Top 28% 5-year trend Improving
Financial strength Weak Based on Equity ratio Current Bottom 14% 5-year trend Broadly stable
Growth Strong Current Top 13% 5-year trend Improving
Cash generation Strong Current Top 17% 5-year trend Improving

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Consolidated Japanese GAAP

Revenue reached ¥1.85 trillion, up 8.1% year over year. Operating income was ¥198.08 billion, up 9.9% year over year. Operating margin was 10.7%. Net income was ¥127.5 billion, up 11.9% year over year. ROE was 9.5%; equity ratio was 30.3%; free cash flow was ¥107.94 billion.

Revenue ¥1.85T up 8.1% year over year
Operating income ¥198.08B up 9.9% year over year
Net income ¥127.5B up 11.9% year over year
Total assets¥3.99T
Total equity—
Operating cash flow¥361.63B
Free cash flow¥107.94B

Industry position details

Land Transportation

Annual data for the same fiscal year and industry

FY2026 Comparison sample 58

Profitability Strong

Operating margin Top 30% / ROE Top 30%

Financial strength Weak
Based on Equity ratio

Equity ratio Bottom 88%

Growth Strong

Revenue growth Top 21% / 3-year revenue CAGR Top 9%

Cash generation Strong

Operating cash flow margin Top 11% / Free cash flow margin Top 26%

Profitability Industry position history Improving
2026 Top 28% 2025 Top 37% 2024 Top 32% 2023 Top 39% 2022 Bottom 3%
Financial strength Industry position history Broadly stable
2026 Bottom 14% 2025 Bottom 22% 2024 Bottom 17% 2023 Bottom 20% 2022 Bottom 17%
Growth Industry position history Improving
2026 Top 13% 2025 Top 31% 2024 Top 6% 2023 Top 35% 2022 Bottom 46%
Cash generation Industry position history Improving
2026 Top 17% 2025 Top 33% 2024 Top 30% 2023 Top 24% 2022 Bottom 5%
Profitability Operating margin 10.7% Industry median 7.7% Top 30%
Profitability ROE 9.5% Industry median 7.9% Top 30%
Financial strength Equity ratio 30.3% Industry median 40.8% Bottom 88%
Growth Revenue growth +8.1% Industry median +4.2% Top 21%
Growth 3-year revenue CAGR +9.8% Industry median +4.9% Top 9%
Cash generation Operating cash flow margin 19.6% Industry median 8.4% Top 11%
Cash generation Free cash flow margin 5.8% Industry median 2.1% Top 26%

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Consolidated Japanese GAAP 1845840000000 198081000000 183682000000 127499000000 127499000000 151281000000 3986721000000 2649514000000 1337206000000 1163589000000 1337206000000 361634000000 -253690000000 75000000 107944000000 234860000000 277.73 11.3 3138.349 1429710350293.700 2653.81 455561300 0.3354149939 0.303 0.0953473137 0.0319809187 0.1073121181 0.0995113336 0.0690737009 0.1959183895 0.0584796082 0.0807380101 0.0994665882 0.1087221585 0.1188244792 0.0624572436 0.0445575375 0.2849828199 0.0358098452 1.0005944596 4.8924613789 0.8733199863 0.1568227258 -0.0327986806 0.0390539054 47225
FY2025 Consolidated Japanese GAAP 1707944000000 180161000000 165670000000 113958000000 113958000000 141212000000 3752359000000 2472194000000 1280165000000 1129650000000 1280165000000 281431000000 -263112000000 -126165000000 18319000000 125371000000 240.08 12.1 2904.968 1368268396686.400 2458.45 471009800 0.3411627192 0.308 0.0890182125 0.0303696954 0.1054841377 0.0969996674 0.0667223281 0.1647776508 0.0107257615 0.0445993726 0.0022976612 -0.010228101 0.1538765302 -0.0067666811 0.0450659245 -0.1158698643 -0.0798724405 0.0414450691 -0.7546442013 -0.4624300011 0.184819622 0.9303553747 0.0244331245 45450
FY2024 Consolidated Japanese GAAP 1635023000000 179748000000 167382000000 98761000000 98761000000 110052000000 3777923000000 2552961000000 1224961000000 1101282000000 1224961000000 318314000000 -243651000000 -131620000000 74663000000 233218000000 202.63 15.5 3140.765 766351685224.000 2268.88 244001600 0.3242419181 0.293 0.0806237913 0.0261416127 0.1099360682 0.1023728718 0.0604034316 0.1946847231 0.045664801 0.1716135292 1.1406216506 1.2736250153 0.1155905476 0.0113548174 0.0704809627 0.1618825831 -0.1337772566 -0.4827916408 0.2641461515 -0.1955031684 -0.4421901668 0.0 -0.0118270709 44366
FY2023 Consolidated Japanese GAAP 1395531000000 83970000000 73619000000 88528000000 88528000000 95996000000 3735507000000 2591198000000 1144309000000 1034772000000 1144309000000 273964000000 -214902000000 -88765000000 59062000000 289893000000 363.26 15.0 5448.900 1329540318240.000 4245.13 244001600 0.3063329824 0.277 0.0773637191 0.0236990588 0.0601706447 0.0527533964 0.063436785 0.1963152377 0.0423222415 0.3534351078 1.7050910648 1.6081852504 1.7820632873 0.0089363149 0.0652553362 4.1683859925 -0.1387889418 -1.2307472348 1.2146312037 -0.0929392108 1.703910398 0.0 -0.0402317279 44897
FY2022 Consolidated Japanese GAAP 1031103000000 -119091000000 -121047000000 -113198000000 -113198000000 -112226000000 3702421000000 2628209000000 1074211000000 971341000000 1074211000000 -86468000000 -188711000000 384685000000 -275179000000 319596000000 -516.06 3973.15 244001600 0.2901374533 0.262 -0.1053778075 -0.0305740487 -0.1154986456 -0.1173956433 -0.1097834067 -0.0838597114 -0.2668782847 0.148001719 0.5149912032 0.5296716362 0.5146174758 0.0640816427 0.1236128878 0.162902367 0.1085586607 -0.1389236462 0.1263798188 0.5215596658 0.5768994269 0.2752619104 -0.0251125375 46779
FY2021 Consolidated Japanese GAAP 898172000000 -245544000000 -257367000000 -233214000000 -233214000000 -240453000000 3479452000000 2523418000000 956033000000 853676000000 956033000000 -103295000000 -211692000000 446749000000 -314987000000 210045000000 -1219.71 4460.73 191334500 0.2747653941 0.245 -0.2439392782 -0.0670260719 -0.2733819358 -0.2865453388 -0.2596540529 -0.1150058118 -0.3506978619 -0.4044746025 -2.5286500486 -2.734828416 -3.609241441 0.0623447259 -0.2183563812 -1.4301234218 0.2120361651 16.3169335208 -10.0502368006 1.6831495983 -3.6124700137 0.0 -0.0070152929 47984
FY2020 Consolidated Japanese GAAP 1508201000000 160628000000 148353000000 89380000000 89380000000 87050000000 3275257000000 2052150000000 1223106000000 1112311000000 1223106000000 240152000000 -268657000000 -29167000000 -28505000000 78283000000 466.88 15.8 7376.704 1411417971488.000 5847.27 191334500 0.373438176 0.341 0.0730762501 0.0272894616 0.1065030457 0.0983642101 0.059262658 0.1592307657 -0.0189000007 -0.0138016672 -0.1844058778 -0.1907562063 -0.1301216545 0.0116323964 0.0366526226 -0.1711122156 -0.0858338049 -3.0656537497 -1.6737496455 -0.4268382864 -0.1245616996 -0.0059584978 0.0100539275 48323
FY2019 Consolidated Japanese GAAP 1529308000000 196946000000 183323000000 102750000000 102750000000 104817000000 3237596000000 2057734000000 1179861000000 1067220000000 1179861000000 289728000000 -247420000000 -7174000000 42308000000 136581000000 533.31 15.6 8319.636 1601375184770.400 5612.63 192481400 0.364425024 0.333 0.0870865297 0.0317365107 0.1287811219 0.1198731714 0.0671872507 0.1894503919 0.0276648 0.0192362932 0.0291641627 0.0311789853 -0.0700768374 0.0535739912 0.0569352076 0.0531695632 -0.4873280754 0.899554759 -0.6109573421 0.3463153537 -0.0655487805 -0.0005640394 47842
FY2018 Consolidated Japanese GAAP 1500445000000 191365000000 177780000000 110493000000 110493000000 114171000000 3072965000000 1956661000000 1116304000000 1005615000000 1116304000000 275101000000 -166352000000 -71422000000 108749000000 101448000000 570.72 13.0 7419.360 5273.42 0.3632660964 0.332 0.0989811019 0.0359564785 0.1275388301 0.1184848495 0.0736401534 0.1833462739 0.0724778316 0.0409557024 0.084884802 0.1057139125 0.2103781439 0.0216476742 0.0810509292 0.1749222701 0.4376352228 -2.6120892019 2.7635735599 0.6018442494 0.2103834408 0.0102781647 47869
FY2017 Consolidated Japanese GAAP 1441411000000 176392000000 160783000000 91288000000 91288000000 92097000000 3007852000000 1975241000000 1032610000000 922945000000 1032610000000 234144000000 -295808000000 44304000000 -61664000000 63332000000 471.52 15.4 7261.408 4857.5 0.3433047903 0.313 0.0884051094 0.0303498975 0.1223745344 0.111545562 0.0633323875 0.1624408305 -0.0427803035 -0.006813891 -0.0283520345 -0.0091026747 0.0631201379 0.0579130372 0.1146769778 -0.0990303217 -0.2683700728 2.4147852467 -3.3128914894 -0.2151293205 0.0631073434 -0.0015593392 47382

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp