Morningstar - East Japan Railway Company (9020) Narrow-moat JR East enjoys regulated returns on its extensive rail routes in the Greater Tokyo Area.

Report

Morningstar

Mari Kumagai

EUR 101.80 For Business Accounts Only

Narrow-moat JR East enjoys regulated returns on its extensive rail routes in the Greater Tokyo Area.

The first quarter results for Japanâ€™s three largest passenger railway companies did not contain any surprises. The shares appear slightly undervalued after we have incorporated upsides emerging from additional tourist demand for East Japan Railway, or JRE, and West Japan Railway, or JRW. During the quarter, Central Japan Railway, or JRC, announced they have completed the second leg of the JPY 3 trillion government loan package at a minimal coupon rate of 1.0% (versus the comparable market rate o...

29/08/2017 14 EN

Underlying

East Japan Railway Company

East Japan Railway is mainly engaged in the transportation business. Co. operates railway routes covering mainly in the Kanto area and the Tohoku area totaling of 7,457.3 km of railway with 1,665 stations, 11,506 standard rolling stocks and 1,370 bullet Train rolling stocks as of Mar 31 2017. Co. establishes commercial space in the railway stations and operates restaurants, retail stores, cafes, convenience stores and shopping centers; and leases office buildings located in the railway stations and surrounding areas. Co. is also engaged in hotel business, advertising agency, travel operations, wholesale, truck delivery, information processing, cleaning, as well as credit card business.

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JP3783600004 Japan

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Mari Kumagai

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Narrow-moat JR East enjoys regulated returns on its extensive rail routes in the Greater Tokyo Area.

PSA Market Strategy: Japan Perspective for 2023

PSA Market Strategy: The Japan Perspective 2022

With a more favourable environment, EAST JAPAN RAILWAY improves to Positive

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Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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