west japan railway co (9021:Tokyo)
west japan railway co (9021) Snapshot
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Open
¥4,785
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Previous Close
¥4,780
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Day High
¥4,835
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Day Low
¥4,545
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52 Week High
05/23/13 - ¥4,835
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52 Week Low
06/4/12 - ¥3,025
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Market Cap
901.1B
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Average Volume 10 Days
952.8K
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EPS TTM
¥310.88
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Shares Outstanding
198.3M
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EX-Date
09/26/13
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P/E TM
14.6x
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Dividend
¥110.00
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Dividend Yield
2.42%
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Related News
west japan railway co (9021) Related Businessweek News
No Related Businessweek News Foundwest japan railway co (9021) Details
West Japan Railway Company provides passenger railway transport services in Japan. It operates a railway network that stretches across an area of approximately 104,000 square kilometers covering 18 prefectures in western Honshu and the northern tip of Kyushu with 5,012.7 operating kilometers. The company also engages in the operation of a high-speed intercity passenger service between Shin-Osaka station in Osaka, and Hakata station in Fukuoka in northern Kyushu covering 644.0 kilometers. Its urban network offers services to the Kyoto–Osaka–Kobe metropolitan area with an operating route length of 943.0 kilometers. In addition, the company operates other conventional lines with an operating route length of 3,425.7 kilometers that comprise intercity transport provided by limited express and express services; regional transport for commuters and students in and around regional hub cities, such as Hiroshima and Okayama; and local lines with low transport density. It operates 50 railway lines with a total of 1,222 railway stations. Further, the company offers bus and ferry services; sells goods, and provides food services through convenience stores, specialty stores, department stores, restaurants, and other food and beverage establishments; and is involved in real estate activities, such as the management of shopping centers, operation of large station buildings at hub railway stations, development of commercial facilities near station areas and underneath elevated tracks, and real estate sales and leasing operations for residential and urban development focused on railway lines. Additionally, it engages in travel agency, hotels, advertising agency, engineering, maintenance for railcar facilities, construction consultation, railcar-related cleaning, rent-a-car, management of welfare facilities, call center management, construction, and information service businesses. The company was founded in 1987 and is headquartered in Osaka, Japan.
west japan railway co (9021) Key Developments
West Japan Railway Company reported consolidated earnings results for the year ended March 31, 2013. For the year, the company reported operating revenues of JPY 1,298,913 million, operating income of JPY 129,497 million, recurring profit of JPY 104,671 million and net income of JPY 60,198 million, or JPY 310.87 per share compared to operating revenues of JPY 1,289,679 million, operating income of JPY 109,799 million, recurring profit of JPY 82,458 million and net income of JPY 29,489 million, or JPY 152.29 per share for the same period a year ago. Return on equity was 8.3% compared to 4.2% a year ago. Cash flows from operating activities were JPY 238,010 million compared to JPY 206,228 million a year ago. Income before income taxes was JPY 99,676 million compared to JPY 80,256 million a year ago. Purchases of property, plant and equipment were JPY 169,400 million compared to JPY 222,806 million a year ago. For the year ended March 31, 2013, on non-consolidated basis, the company reported operating revenues of JPY 868,514 million, operating income of JPY 102,335 million, recurring profit of JPY 77,565 million and net income of JPY 41,915 million, or JPY 216.35 per share compared to operating revenues of JPY 862,180 million, operating income of JPY 89,282 million, recurring profit of JPY 62,879 million and net income of JPY 22,158 million, or JPY 114.37 per share for the same period a year ago. Income before income taxes was JPY 61.1 billion compared to JPY 48.0 billion a year ago. Capital expenditures were JPY 142.2 billion compared to JPY 164.3 billion a year ago. For the interim period ending September 30, 2013, on consolidated basis, the company expects operating revenues of JPY 639,000 million, operating income of JPY 68,000 million, recurring profit of JPY 55,000 million and net income of JPY 31,000 million, or JPY 160.09 per share. For the fiscal year ending March 31, 2014, on consolidated basis, the company expects operating revenues of JPY 1,310,500 million, operating income of JPY 125,000 million, recurring profit of JPY 101,500 million and net income of JPY 57,500 million, or JPY 296.94 per share. Capital expenditures expected to be JPY 192.0 billion. For the interim period ending September 30, 2013, on non-consolidated basis, the company expects operating revenues of JPY 430,000 million, operating income of JPY 59,000 million, recurring profit of JPY 46,000 million and net income of JPY 28,000 million, or JPY 144.53 per share. For the fiscal year ending March 31, 2014, on non-consolidated basis, the company expects operating revenues of JPY 866,500 million, operating income of JPY 94,000 million, recurring profit of JPY 71,000 million and net income of JPY 43,500 million, or JPY 224.53 per share. The company declared a year end dividend of JPY 55.00 per share for the year ended March 31, 2013. Start of dividend payments is June 24, 2013. For the interim period ending September 30, 2013, the company expects to pay interim dividend of JPY 55.00 per share compared to JPY 55.00 per share a year ago. For the fiscal year ending March 31, 2014, the company expects to pay year end dividend of JPY 55.00 per share compared to JPY 5.00 per share a year ago.
West Japan Railway Company reported consolidated and non-consolidated earnings results for the nine months ended December 31, 2012. For the period, the company has posted consolidated operating revenue of ¥971,022 million against ¥960,171 million a year ago. Operating income was ¥115,760 million against ¥100,236 million a year ago. Net income was ¥58,347 million or ¥301.32 per share against ¥30,065 million or ¥155.26 million a year ago. Income before income tax was ¥93,791 million against ¥75,751 million a year ago. Capital expenditures were ¥129.4 million against ¥90.7 million a year ago. For the period, the company has posted non-consolidated operating revenue of ¥658.4 million against ¥649.0 million a year ago. Operating income was ¥78.7 million against ¥62.5 million a year ago. Net income was ¥42.9 million against ¥24.2 million a year ago. Capital expenditures were ¥7.5 million against ¥6.1 million a year ago. The company has announced total commuter passes and non- commuter passes of 41,783 million against 41,173 million a year ago. Total transportation revenue was ¥583.0 million against ¥573.9 million a year ago. For the year ending March 31, 2013, the company expects dividend of ¥55.00 per share. For the year ending March 31, 2013, the company expects operating revenue of ¥1,289,000 million, operating income of ¥121,000 million and net income of ¥56,000 million or ¥289.19 per share.
West Japan Railway Company announced that they will report fiscal year 2013 results on Apr 30, 2013
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| 9021:JP | ¥4,545.00 JPY | -235.00 | |
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Industry Analysis
9021
Industry Average
| Valuation | 9021 | Industry Range |
| Price/Earnings | 14.1x |
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| Price/Sales | 0.7x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 14.5x |
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| TEV/Sales | 0.0x |
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To contact WEST JAPAN RAILWAY CO, please visit www.westjr.co.jp/english. Company data is provided by Capital IQ. Please use this form to report any data issues.
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