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Nagoya Railroad Co., Ltd.

Nagoya Railroad Co., Ltd.

9048.T
Nagoya Railroad Co., Ltd.JP flagTokyo Stock Exchange
1,871.50
JPY
+7.50
- -
367.06BMarket Cap
Nagoya Railroad Co., Ltd.
9048.T
(Tokyo Stock Exchange)

Recent

price

1,871.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
3,466.92
3,433.71
3,468.3
3,569.52
3,369.29
3,317.66
3,261.3
3,268.23
3,248.07
3,168.35
2,449.17
2,496.45
2,806.07
3,058.08
3,516.85
3,526.52
1,614.63
Revenue per Share
51.05
62.56
72.38
84.74
98.35
133.39
127.46
155.04
158.9
146.89
-146.29
47.65
95.91
124.13
192.12
117.05
73.36
Basic EPS, GAAP
452.06
364.91
416.91
467.79
389.13
367.18
330.28
356.28
351.66
357.3
100.1
199.95
311.47
282.51
400.85
313.26
- -
Free Cash Flow per Basic Share
7.57
7.57
9.99
14.93
19.59
22.47
24.98
24.82
27.31
27.46
25.02
0.13
12.55
19.98
27.38
38.36
- -
Dividend per Share
633.81
673.55
725.58
785.95
840.97
921.52
990.12
1,147.23
1,271.38
1,364.99
1,189.04
1,240.66
1,319.17
1,427.63
1,594.18
1,672.53
1,509.96
Book Value per Share
1,058.04
1,182.74
1,272.16
1,377.85
1,555.95
1,647.21
1,814.87
2,057.49
2,161.22
2,178.97
2,025.29
2,034.26
2,122.89
2,289.74
2,461.04
2,547.12
2,359.94
Tangible Book Value per Share
176
176
176
176
181
184
184
185
192
197
197
197
197
197
196
196
197
Basic Weighted Avg Shares
609,716
603,790
609,836
627,797
609,380
610,153
599,569
604,804
622,567
622,916
481,645
490,919
551,504
601,121
690,720
691,583
317,393
Sales/Revenue/Turnover
4.57
4.76
5.3
5.91
6.25
7.35
7.37
7.77
7.94
7.6
-3.4
0.6
4.12
5.78
6.09
5.23
5.94
Operating Margin (%)
40,075
41,255
39,594
38,972
38,890
39,115
38,919
39,079
40,584
41,595
39,707
38,922
38,662
39,209
42,090
46,777
- -
Depreciation Expense
8,978
11,000
12,726
14,903
17,788
24,532
23,433
28,691
30,457
28,879
-28,769
9,370
18,850
24,400
37,733
22,954
14,420
Net Income, GAAP
45.86
24.27
30.8
38.13
33.72
28.96
30.18
30.89
30.64
32.45
- -
35.9
30.71
26.45
26.77
51.46
22.99
Effective Tax Rate (%)
1.47
1.82
2.09
2.37
2.92
4.02
3.91
4.74
4.89
4.64
-5.97
1.91
3.42
4.06
5.46
3.32
4.54
Profit Margin (%)
-228,833
-218,555
-160,015
-142,288
-99,771
-96,127
-105,901
-81,650
-77,295
-73,644
-66,685
-52,916
-77,165
-70,465
-99,969
-97,859
-42,271
Working Capital
402,271
392,406
421,054
369,672
389,113
372,966
344,138
348,002
333,297
345,498
382,839
392,177
381,627
414,589
473,819
571,184
468,655
LT Debt
202,017
220,245
235,588
251,549
291,483
313,545
342,810
389,553
425,026
438,400
407,509
411,130
429,086
464,053
498,309
517,223
476,975
Total Equity
1.75
2.61
2.75
2.93
3.28
4.11
3.92
4
4.14
3.81
- -
0.21
1.75
2.72
2.99
1.52
1.48
Return on Invested Capital (%)
1.72
2.12
2.34
2.63
2.98
3.78
3.68
4.33
4.67
4.05
- -
1.4
2.64
3.28
4.65
2.98
1.81
Return on Capital (%)
8.3
9.57
10.35
11.21
12.25
15.26
13.33
14.55
13.36
11.28
-11.46
3.92
7.49
9.04
12.71
7.16
5.13
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
84,947
- -
78,468
LT Borrowings
404,631
- -
459,195
LT Finance Leases
9,958
- -
9,460
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
197
- -
197
Market Capitalization
425,677
344,691
342,234

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
238,484
- -
262,728
Cash, Cash Equivalents & STI
60,388
- -
75,381
Accounts Receivable, Net
63,831
- -
62,120
Inventories
89,183
- -
96,734
Total Current Liabilities
308,949
- -
304,999
Payables & Accruals
- -
- -
- -
ST Debt
84,947
- -
78,468
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.28%
4.92%
3.8%
Free Cash Flow
9.89%
33.19%
-21.97%
Net Income, GAAP
-16.72%
2.7%
-39.17%
Sales/Revenue/Turnover
1.78%
7.66%
0.12%
Total Cash Common Dividend
981.99%
1,960.12%
39.87%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
140,977
142,751
159,755
157,638
601,121
2025
- -
- -
- -
- -
690,720
2026
- -
- -
- -
- -
691,583

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36.85
- -
- -
- -
124.13
2025
- -
- -
- -
- -
192.12
2026
- -
- -
- -
- -
117.05

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
19.98
2025
- -
- -
- -
- -
27.38
2026
- -
- -
- -
- -
38.36
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Business
Nagoya Railroad Co., Ltd. (Meitetsu) operates as a major private railway company in Japan, providing comprehensive transportation and related services primarily in the Chubu region, including Aichi and Gifu prefectures; it manages a 444.2-kilometer railroad network with 154 stations, alongside bus, taxi, tramway, truck, and maritime transport operations. The company offers core products and services across six segments: Traffic, encompassing passenger rail lines such as Nagoya Main Line, Taketoyo Line, and Chita Peninsula lines, plus buses and taxis; Transport, including logistics via trucks and ships; Real Estate, involving property development, leasing, and maintenance; Leisure and Services, featuring hotels, restaurants, tourist facilities, and travel services; Distribution, through department stores and merchandise sales; and Aviation Services, providing general aviation and flight catering. Founded in 1894 as Aichi Horsecar Company and headquartered in Nagoya, Japan, Nagoya Railroad serves approximately 1.6 million daily passengers and engages in ancillary businesses like equipment maintenance, information processing, and insurance agency. Recent developments include a May 2025 capital and business alliance with Tosei Corp. for real estate investments, such as the TREC No. 12 condominium project; a May 2025 partnership with Hyatt Hotels for a new Andaz hotel in the Chubu region; the November 2025 opening of the Ichibill mixed-use facility at Meitetsu Ichinomiya Station with precast retailer Loppi; and sponsorship of seating rights at Vantelin Dome Nagoya, alongside ongoing preparations for Nagoya Station area redevelopment and bus terminal relocation.