West Japan Railway Company Reports Consolidated and Non-Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Dividend Guidance for the First Half and Year End of Fiscal Year Ending March 31, 2017; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2017
July 26, 2016
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West Japan Railway Company reported consolidated and non-consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, on consolidated basis, the company reported operating revenues of JPY 338,148 million compared to JPY 341,382 million a year ago. Operating income was JPY 45,321 million compared to JPY 51,016 million a year ago. Recurring profit was JPY 40,506 million compared to JPY 45,361 million a year ago. Profit attributable to owners of the parent was of JPY 27,568 million or JPY 142.40 per share compared to JPY 29,693 million or JPY 153.37 per share a year ago. Income before income taxes was of JPY 40,071 million compared to JPY 44,773 million a year ago. Capital expenditure was of JPY 36.1 billion compared to JPY 33.1 billion a year ago.
On non-consolidated basis, the company reported operating revenues of JPY 229 billion compared to JPY 230.8 billion. Operating income was JPY 38.5 billion compared to JPY 43.6 billion a year ago. Recurring profit was JPY 33.5 billion compared to JPY 37.8 billion. Income before income taxes was JPY 33.3 billion compared to JPY 37.1 billion a year ago. Net income was JPY 23.4 billion compared to JPY 25 billion a year ago. Capital expenditure was of JPY 29.9 billion compared to JPY 28.8 billion a year ago.
The company provided dividend guidance for the first half and year end of fiscal year ending March 31, 2017. For the first half ending September 30, 2016, the company expects to pay dividend of JPY 70 per share compared to JPY 65 per share a year ago.
For the year end, the company expects to pay dividend of JPY 70 per share compared to JPY 70 per share a year ago.
The company provided earnings guidance for the first half and full year of fiscal year ending March 31, 2017. For the first half, the company expects operating revenues of JPY 700,500 million, operating income of JPY 102,000, recurring profit of JPY 92,500 and profit attributable to owners of parent was of JPY 62,000 or JPY 320.24 per share.
For the year, the company expects operating revenues of JPY 1,450,000 million, operating income of JPY 175,500, recurring profit of JPY 159,500 and profit attributable to owners of parent was of JPY 106,500 or JPY 550.09 per share.
West Japan Railway Company specializes in railway transportation. Net sales break down by activity as follows:
- railway transportation (53.1%). The group is also providing transportation by bus and ferry services;
- real estate management (16.2%): management of shopping malls and residential buildings near railway stations;
- retail distribution (15.8%). West Japan Railway Company is providing catering services in railway stations;
- railway construction (5.8%). The group also develops condominium and public infrastructure construction activities;
- other (9%): trip organizations, railway installations maintenance and repair services, etc.
West Japan Railway Company Reports Consolidated and Non-Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Dividend Guidance for the First Half and Year End of Fiscal Year Ending March 31, 2017; Provides Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2017
WEST JAPAN RAILWAY COMPANY 
