Nagoya Railroad Co., Ltd.

Nagoya Railroad Co., Ltd.

NARRF
Nagoya Railroad Co., Ltd.US flagOther OTC
8.95
USD
-6.75
- -
1.76BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
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
3,516.87
1,614.63
Basic EPS, GAAP
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
73.36
Free Cash Flow per Basic Share
416.91
467.79
389.13
367.18
330.28
356.28
351.66
357.3
100.1
199.95
311.47
282.51
400.86
- -
Dividend per Share
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
- -
Book Value per Share
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
1,594.19
1,509.96
Tangible Book Value per Share
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
2,461.06
2,359.94
Basic Weighted Avg Shares
176
176
181
184
184
185
192
197
197
197
197
197
196
197
Sales/Revenue/Turnover
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
317,393
Operating Margin (%)
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
5.94
Depreciation Expense
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
- -
Net Income, GAAP
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
14,420
Effective Tax Rate (%)
30.8
38.13
33.72
28.96
30.18
30.89
30.64
32.45
- -
35.9
30.71
26.45
26.77
22.99
Profit Margin (%)
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
4.54
Working Capital
-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
-42,271
LT Debt
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
468,655
Total Equity
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
476,975
Return on Invested Capital (%)
2.75
2.93
3.28
4.11
3.92
4
4.14
3.81
- -
0.21
1.75
2.72
2.99
1.48
Return on Capital (%)
2.34
2.63
2.98
3.78
3.68
4.33
4.67
4.05
- -
1.4
2.64
3.28
4.65
1.81
Return on Common Equity (%)
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
5.13

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
467,284
496,812
443,610

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
5.65%
2.75%
7.38%
Free Cash Flow
11.68%
23.19%
41.77%
Net Income, GAAP
-9.01%
-29.39%
54.64%
Sales/Revenue/Turnover
1.78%
3.1%
14.91%
Total Cash Common Dividend
979.67%
1,950.37%
36.95%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
125,202
137,923
143,543
144,836
551,504
2024
140,977
142,751
159,755
157,638
601,121
2025
- -
- -
- -
- -
690,720

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
16.21
- -
- -
- -
95.91
2024
36.85
- -
- -
- -
124.13
2025
- -
- -
- -
- -
192.12

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
12.55
2024
- -
- -
- -
- -
19.98
2025
- -
- -
- -
- -
27.38

Company Description

APIChat
CEO
Hiroki Takasaki
Full Time Employees
28,412
Sector
Industrials
Industry
Conglomerates
Address
1-2-4 Meieki Nagoya Japan 450-8501
IPO Date
Feb 18, 2020
Business
Nagoya Railroad Co., Ltd. engages primarily in transportation services, operating an extensive railway and bus network primarily within the Chubu region of Japan. The company manages a 444.2-kilometer railroad network connecting Aichi and Gifu prefectures and provides commuter rail services including the prominent μSKY Limited Express. Its core business segments include Traffic (railroad, bus, and taxi passenger transportation services); Transport (truck and maritime transportation); Real Estate (development, leasing, and building maintenance); Leisure and Services (hotel operations, restaurants, tourist facilities, and travel-related services); Distribution (department stores and merchandise distribution); and Aviation Services (general aviation and flight catering). Additionally, Nagoya Railroad offers equipment maintenance, information processing, and insurance agency services. Founded in 1894, the company is headquartered in Nagoya, Japan. Recent major developments include Nagoya Railroad's announcement of a dividend increase to ¥40.00 per share, reflecting a strategic focus on returning value to shareholders amid strong earnings growth. The company continues to emphasize operational stability and sustainable dividend payout ratios while expanding its business operations and maintaining innovation in service quality, including enhanced passenger comfort options such as First Class Car Tickets (μticket). These efforts underscore the company’s commitment to adapting its service offerings and financial policies within a competitive transportation and real estate industry landscape. Nagoya Railroad serves a diverse customer base across its geographic operations in Japan, mainly targeting commuters, tourists, and commercial users within the transportation, real estate, leisure, distribution, and aviation sectors. The company's broad portfolio of services across these segments positions it as a comprehensive provider of integrated transport and related services in the regional market. Overall, Nagoya Railroad Co., Ltd. maintains its status as a pivotal private railway operator in central Japan, combining traditional rail services with diversified transport, real estate, and leisure business activities, backed by recent financial strengthening measures and continued service enhancements to reinforce its market presence and customer value proposition.