JRC’s Core Performance in Line; FVE at JPY 22,200 on Improving Growth Outlook
Central Japan Railway’s, or JRC’s, decent fiscal 2018 (year ending March 2018) net profit of JPY 396 billion, reflects solid Tokaido Shinkansen demand, driven by improving business activity. This is within expectations, but the one-off reversal of impairments from the subsidiary Nippon Sharyo’s large-scale rolling stock project in the U.S. helped to boost the bottom line above our forecast. We maintain our stable outlook for JRC over the next 10 years, while lifting our fiscal 2019 and 2020 net ...Central Japan Railway is engaged in the provision of railway services in Tokai region. As of Mar 31 2018, Co. operates 13 railway lines, 405 railway stations, and 4,840 rolling stocks. The Core of Co.'s operations is the Tokaido Shinkansen, the main transportation artery linking Japan's principal metropolitan areas of Tokyo, Nagoya, and Osaka, as well as conventional lines. Co. is also engaged in the operation of department stores, the sale of foods and beverages in the trains and stations, the lease and sale of real estate, the operations of hotels, and the provision of travel agency and advertising agency services, as well as facility inspection and maintenance services.
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