West Japan Railway Company

TSE:9021 Stock Report

Market Cap: JP¥1.4t

West Japan Railway Past Earnings Performance

Past criteria checks 4/6

West Japan Railway has been growing earnings at an average annual rate of 66.9%, while the Transportation industry saw earnings growing at 45.1% annually. Revenues have been growing at an average rate of 14.3% per year. West Japan Railway's return on equity is 10.5%, and it has net margins of 7.4%.

Key information

66.85%

Earnings growth rate

68.59%

EPS growth rate

Transportation Industry Growth0.90%
Revenue growth rate14.26%
Return on equity10.47%
Net Margin7.41%
Last Earnings Update30 Sep 2025

Recent past performance updates

Recent updates

West Japan Railway's (TSE:9021) Returns On Capital Are Heading Higher

Oct 28
West Japan Railway's (TSE:9021) Returns On Capital Are Heading Higher

West Japan Railway's (TSE:9021) Dividend Will Be ¥43.00

Sep 10
West Japan Railway's (TSE:9021) Dividend Will Be ¥43.00

There Is A Reason West Japan Railway Company's (TSE:9021) Price Is Undemanding

Aug 25
There Is A Reason West Japan Railway Company's (TSE:9021) Price Is Undemanding

West Japan Railway Company Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Aug 07
West Japan Railway Company Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

West Japan Railway (TSE:9021) Has Announced A Dividend Of ¥43.00

Jul 23
West Japan Railway (TSE:9021) Has Announced A Dividend Of ¥43.00

West Japan Railway (TSE:9021) Will Pay A Dividend Of ¥43.00

Jul 09
West Japan Railway (TSE:9021) Will Pay A Dividend Of ¥43.00

Returns At West Japan Railway (TSE:9021) Appear To Be Weighed Down

Jul 08
Returns At West Japan Railway (TSE:9021) Appear To Be Weighed Down

Results: West Japan Railway Company Beat Earnings Expectations And Analysts Now Have New Forecasts

Jun 19
Results: West Japan Railway Company Beat Earnings Expectations And Analysts Now Have New Forecasts

Is West Japan Railway (TSE:9021) Using Too Much Debt?

Jun 10
Is West Japan Railway (TSE:9021) Using Too Much Debt?

West Japan Railway Company's (TSE:9021) Share Price Could Signal Some Risk

May 21
West Japan Railway Company's (TSE:9021) Share Price Could Signal Some Risk

The Returns On Capital At West Japan Railway (TSE:9021) Don't Inspire Confidence

Feb 19
The Returns On Capital At West Japan Railway (TSE:9021) Don't Inspire Confidence

Some Confidence Is Lacking In West Japan Railway Company's (TSE:9021) P/E

Jan 24
Some Confidence Is Lacking In West Japan Railway Company's (TSE:9021) P/E

West Japan Railway (TSE:9021) Takes On Some Risk With Its Use Of Debt

Jan 06
West Japan Railway (TSE:9021) Takes On Some Risk With Its Use Of Debt

West Japan Railway's (TSE:9021) Earnings May Just Be The Starting Point

Nov 08
West Japan Railway's (TSE:9021) Earnings May Just Be The Starting Point

Revenue & Expenses Breakdown

How West Japan Railway makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:9021 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 251,768,387130,963248,5330
30 Jun 251,732,223124,528242,9860
31 Mar 251,707,944113,958216,2860
31 Dec 241,686,378103,525234,1980
30 Sep 241,676,507101,329210,6950
30 Jun 241,668,533103,720222,1700
31 Mar 241,635,02398,761195,5420
31 Dec 231,615,008111,044188,6620
30 Sep 231,548,72891,154179,1980
30 Jun 231,467,65763,969171,8570
31 Mar 231,395,53188,528164,3080
31 Dec 221,275,95828,195151,6320
30 Sep 221,210,97419,953146,6160
30 Jun 221,126,279-23,241143,3520
31 Mar 221,031,103-113,198142,3190
31 Dec 21983,118-125,393141,8660
30 Sep 21945,035-173,733145,4990
30 Jun 21936,763-188,588144,3720
31 Mar 21898,172-233,214147,3800
31 Dec 201,001,546-189,575159,8360
30 Sep 201,136,137-119,218171,4310
30 Jun 201,305,806-29,841186,2350
31 Mar 201,508,20189,380195,7660
31 Dec 191,551,908122,078197,3350
30 Sep 191,554,354126,750192,5880
30 Jun 191,533,964106,713189,1360
31 Mar 191,529,308102,750185,3560
31 Dec 181,518,18699,810182,4040
30 Sep 181,510,32599,132180,4740
30 Jun 181,509,035114,300178,5060
31 Mar 181,500,445110,493177,7410
31 Dec 171,486,749107,210178,5170
30 Sep 171,468,148102,015177,3750
30 Jun 171,455,78998,460176,1350
31 Mar 171,441,41191,288175,1410
31 Dec 161,441,49280,608174,5860
30 Sep 161,442,25776,944173,3830
30 Jun 161,448,06683,743171,2980
31 Mar 161,451,30085,868168,7390
31 Dec 151,429,32384,838165,5800
30 Sep 151,408,19678,330164,6140
30 Jun 151,376,50268,223166,0020
31 Mar 151,350,33666,712166,5750
31 Dec 141,341,91884,534170,0240

Quality Earnings: 9021 has high quality earnings.

Growing Profit Margin: 9021's current net profit margins (7.4%) are higher than last year (6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 9021 has become profitable over the past 5 years, growing earnings by 66.9% per year.

Accelerating Growth: 9021's earnings growth over the past year (29.2%) is below its 5-year average (66.9% per year).

Earnings vs Industry: 9021 earnings growth over the past year (29.2%) exceeded the Transportation industry 7.3%.

Return on Equity

High ROE: 9021's Return on Equity (10.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/06 07:27
End of Day Share Price 2025/11/06 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

West Japan Railway Company is covered by 24 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Takayuki HayanoBarclays
Hironori NakakuraBofA Global Research
Ryota HimenoCitigroup Inc