East Japan Railway Company ( (EJPRF) ) has released its Q3 earnings. Here is a breakdown of the information East Japan Railway Company presented to its investors.
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East Japan Railway Company (JR East) is a leading transportation company in Japan, primarily operating railway services across the eastern regions of the country, alongside retail and real estate ventures within its stations.
JR East has reported a robust financial performance for the nine-month period ending December 31, 2024. The company achieved an operating revenue of 2,126 billion yen, marking a 6.2% increase from the previous year, driven by a rise in railway passengers and enhanced sales at EKINAKA stores. Operating income saw a significant growth of 18.1%, reaching 352.5 billion yen.
Key financial metrics showed promising results with ordinary income at 308.9 billion yen, a 19.0% rise, and profit attributable to owners of the parent increasing by 17.0% to 216.6 billion yen. The company’s consolidated financial position remains strong with total assets nearing 9,940 billion yen, and an improved equity ratio of 28.8%. Additionally, a 3-for-1 stock split was executed on April 1, 2024, enhancing shareholder value.
Looking ahead, JR East maintains a positive outlook for Fiscal 2025, projecting operating revenues of 2,852 billion yen and a profit of 210 billion yen attributable to owners of the parent, reflecting continued growth in its core operations. The company’s strategic focus on elevating passenger services and expanding its retail footprint within stations positions it well for future success.
