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West Japan Railway Company (9021.T)

JPY2,906.00 -18.00 (-0.62%)
JP JPX Industrials Railroads
Address 4-24, Shibata 2-chome 530-8341
Osaka, JP
CEO Kazuaki Hasegawa
IPO 2000-01-04
ISIN JP3659000008

Explore sections of this company profile

Also trades on Other OTC · WJRYF (USD) Other OTC · WJRYY (USD) Tokyo Stock Exchange · 9021.T (JPY)
Description

Based in Osaka, Japan, West Japan Railway Company, founded in 1987, primarily delivers passenger rail transportation services across the country. The company's operations span several key divisions: Transportation Operations, Retail Business, Real Estate Business, and various Other Businesses. It maintains a substantial railway infrastructure, extending 4,903.1 kilometers in total, comprising 812.6 kilometers of high-speed Shinkansen routes and 4,090.5 kilometers of conventional lines, facilitating travel through 1,174 stations. Additionally, it offers supplementary bus and ferry services. Beyond its core transport functions, the company engages extensively in retail, including the sale of goods, food service provision, wholesale distribution, and other retail initiatives. This encompasses the management of department stores, convenience stores, restaurants, souvenir shops, and shopping centers. Its real estate portfolio involves property sales and leasing. JR West also holds interests in hospitality (hotels), financial services (credit cards, electronic money), travel arrangements, rolling stock and equipment manufacturing, electrical contracting, construction, information technology solutions, and advertising.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY2,906.00 -18.00 (-0.62%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.06
Float Shares
449.07M
Free Float %
98.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.53% -5.33% -13.16% -18.99% -9.77% -12.01% -13.44% -10.92% -7.60% -16.11% +23.74%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,906.00
DCF (Unlevered) 59,074.59 +1,932.8%
DCF (Levered) 69,990.13 +2,308.5%
Ratings Trend (MoM) 18% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 8 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.18
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Railroads: +4.6%
    +4.5% Q1'26: +9.5% (vs Q1'25)
  • EPS growth Railroads: +13.0%
    +18.5% Q1'26: +1,106.8% (vs Q1'25)
  • FCF margin Railroads: +16.1%
    +4.5% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Railroads: +13.6%
    +10.6% Q1'26: +0.2% (vs Q1'25)
  • ROIC Railroads: +5.7%
    +4.7% Q1'26: +0.1% (vs Q1'25)
  • Share dilution Railroads: +0.0%
    -2.6% Q1'26: -7.3% (vs Q1'25)
  • Debt / EBITDA Railroads: 1.01×
    4.49× Q1'26: 8.06× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.08) × ERP
WACC = 45% × Ke + 55% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 57,308.02 Current price: 2,906.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
11 Rev. Ana.
11 EPS Ana.
Mar 2027
9 Rev. Ana.
10 EPS Ana.
Mar 2028
9 Rev. Ana.
9 EPS Ana.
Mar 2029
5 Rev. Ana.
5 EPS Ana.
Mar 2030
2 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
2 EPS Ana.
Revenue
1.35T
est: 1.33T (+1.2%)
1.45T
est: 1.44T (+0.5%)
1.44T
est: 1.45T (-0.5%)
1.50T
est: 1.50T (0.0%)
1.53T
est: 1.52T (+0.3%)
1.51T
est: 1.53T (-1.6%)
920.05B
est: 905.80B (+1.6%)
1.03T
est: 1.03T (-0.2%)
1.40T
est: 1.34T (+3.8%)
1.64T
est: 1.67T (-2.0%)
1.71T
est: 1.73T (-1.3%)
1.85T
1.81T – 1.88T
+6.8% YoY
1.85T
1.83T – 1.88T
+0.2% YoY
1.90T
1.87T – 1.94T
+2.4% YoY
1.93T
1.92T – 1.93T
+1.7% YoY
1.99T
1.96T – 2.03T
+2.9% YoY
2.02T
1.99T – 2.06T
+1.5% YoY
EBITDA
289.38B
est: 153.15B (+88.9%)
338.17B
est: 165.75B (+104.0%)
339.12B
est: 166.27B (+104.0%)
356.13B
est: 172.29B (+106.7%)
361.33B
est: 174.98B (+106.5%)
332.27B
est: 176.00B (+88.8%)
-70.84B
est: 103.97B (-168.1%)
42.97B
est: 118.59B (-63.8%)
245.33B
est: 154.37B (+58.9%)
343.07B
est: 583.90B (-41.2%)
349.51B
est: 605.87B (-42.3%)
646.92B
635.13B – 657.45B
+6.8% YoY
648.46B
642.06B – 659.09B
+0.2% YoY
663.89B
655.16B – 679.66B
+2.4% YoY
674.92B
672.86B – 676.98B
+1.7% YoY
694.73B
686.72B – 708.71B
+2.9% YoY
705.18B
697.05B – 719.37B
+1.5% YoY
EBIT
139.77B
est: -23.67B (+690.5%)
181.54B
est: -25.62B (+808.6%)
176.39B
est: -25.70B (+786.4%)
191.37B
est: -26.63B (+818.6%)
196.95B
est: -27.05B (+828.2%)
160.63B
est: -27.20B (+690.5%)
-245.51B
est: -16.07B (-1,427.8%)
-119.09B
est: -18.33B (-549.7%)
85.68B
est: -23.86B (+459.1%)
179.75B
est: 504.90B (-64.4%)
180.16B
est: 523.89B (-65.6%)
559.39B
549.19B – 568.50B
+6.8% YoY
560.72B
555.19B – 569.91B
+0.2% YoY
574.07B
566.52B – 587.70B
+2.4% YoY
583.60B
581.82B – 585.38B
+1.7% YoY
600.74B
593.81B – 612.82B
+2.9% YoY
609.77B
602.74B – 622.04B
+1.5% YoY
Net Income
66.71B
est: 81.75B (-18.4%)
85.87B
est: 120.07B (-28.5%)
91.29B
est: 123.99B (-26.4%)
110.49B
est: 138.67B (-20.3%)
102.75B
est: 124.85B (-17.7%)
89.38B
est: 128.81B (-30.6%)
-233.17B
est: -291.00B (+19.9%)
-113.20B
est: -93.76B (-20.7%)
88.53B
est: 74.90B (+18.2%)
98.76B
est: 98.39B (+0.4%)
113.96B
est: 103.46B (+10.1%)
127.50B
117.40B – 132.85B
+23.2% YoY
106.14B
98.65B – 117.88B
-16.8% YoY
105.80B
96.24B – 117.52B
-0.3% YoY
105.77B
99.19B – 116.69B
0.0% YoY
119.91B
118.11B – 123.05B
+13.4% YoY
108.66B
107.04B – 111.51B
-9.4% YoY
SGA
156.17B
est: 147.99B (+5.5%)
159.50B
est: 160.17B (-0.4%)
166.05B
est: 160.66B (+3.3%)
169.35B
est: 166.48B (+1.7%)
176.46B
est: 169.09B (+4.4%)
186.92B
est: 170.07B (+9.9%)
139.20B
est: 100.46B (+38.6%)
137.34B
est: 114.60B (+19.8%)
158.31B
est: 149.16B (+6.1%)
188.91B
est: 209.21B (-9.7%)
207.69B
est: 217.08B (-4.3%)
231.79B
227.57B – 235.56B
+6.8% YoY
232.34B
230.05B – 236.15B
+0.2% YoY
237.87B
234.74B – 243.52B
+2.4% YoY
241.82B
241.09B – 242.56B
+1.7% YoY
248.92B
246.05B – 253.93B
+2.9% YoY
252.67B
249.75B – 257.75B
+1.5% YoY
EPS
172.29
est: 172.23 (+0.0%)
221.76
est: 252.96 (-12.3%)
235.76
est: 261.22 (-9.7%)
285.36
est: 292.15 (-2.3%)
266.66
est: 263.03 (+1.4%)
233.44
est: 271.37 (-14.0%)
-609.73
est: -613.06 (+0.5%)
-258.03
est: -197.54 (-30.6%)
181.63
est: 157.27 (+15.5%)
202.63
est: 213.14 (-4.9%)
240.08
est: 224.12 (+7.1%)
268.88
255.72 – 289.39
+20.0% YoY
235.07
214.89 – 256.77
-12.6% YoY
234.76
209.63 – 256.00
-0.1% YoY
235.43
216.06 – 254.17
+0.3% YoY
261.20
257.28 – 268.03
+10.9% YoY
236.70
233.15 – 242.89
-9.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-11 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-08 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-07 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-05-01 B+ 3/5 1/5 4/5 4/5 1/5 4/5 4/5
2026-04-30 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-28 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-27 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-24 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-23 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-22 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-21 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-20 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-17 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-16 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-15 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-14 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-13 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5
2026-04-10 B 3/5 1/5 3/5 4/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
110.53B
OE per share TTM
232.06
Owner's Yield
9.30%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
186.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.46M
Shares Outstanding
455.08M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Eiji Tsubone Managing Executive Officer, GM of Corporate Strategy Headquarters & Director male
Hideo Okuda Executive Officer of Company Digital Sori, GM of Solutions Division & Director male
Hiro Inoue Executive Vice President, Executive Officer, Chief of Railway Division and Director male
Hiroaki Ishikawa Chief Manager of Business Development Headquarters male
Hiroshi Muro Executive Officer & Senior GM of Marketing Dept. - Railway Operations Headquarters
Jun Fukushima General Manager of Corporate Communications Department male
Kazuaki Hasegawa President, Chief Executive Officer, Head of Marketing Division & Rep. Director male
Shoji Kurasaka Executive Vice President, Executive Officer & Representative Director male
Takeshi Urushihara Mang Exec Officer, Deputy Chief of Railway Div., GM of Safety Promotion Department & Director male
Yutaka Nakanishi Executive Officer & GM of Finance Department male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits