Railway traffic: approx. 70%
Real estate and retail: approx. 20%
Other services: approx. 10%

TOP 3 markets:

1. Japan (domestic market): approx. 85%
2. Tourism from Asia: approx. 10%
3. International business travel: approx. 5%

The Central Japan Railway Company generates the majority of its revenue from railway traffic, especially from operating high-speed trains like the Shinkansen. The domestic market in Japan is the dominant market, as most of the revenue comes from daily commuter and long-distance traffic.

Real estate and retail also contribute significantly to the revenue, especially through real estate developments and retail stores in train stations. Tourism, especially from Asian countries, plays an important role as many tourists use the high-speed trains. International business travel accounts for a smaller but still important part of the revenue.

Production sites: Central Japan

Central Japan Railway Company (JR Central) is mainly active in the field of rail transport and does not produce physical products in the traditional sense. The company operates and maintains the Shinkansen high-speed trains as well as other rail lines in the Central Japan region.

The maintenance and operation of the trains take place in various depots and maintenance facilities within this region. Main locations for maintenance include the depots in Nagoya and Tokyo.

Revenue Growth: Estimated 4.5% annually (2025)

Investments in Infrastructure: ¥500 billion (2025)

Central Japan Railway Company (JR Central) is pursuing a multi-track growth strategy to strengthen its market position and ensure future growth. A central part of this strategy is the continuous investment in infrastructure, especially in the expansion and modernization of the high-speed rail network Shinkansen. Investments of approximately ¥500 billion are planned for the year 2025 to increase the efficiency and capacity of the existing routes.

In addition, the company is focusing on technological innovations to optimize operations and enhance customer satisfaction. This includes the implementation of advanced technologies to improve the safety and punctuality of trains, as well as the development of new digital services for passengers.

Another area of growth is international expansion. JR Central plans to export its expertise in high-speed train construction and operation to foreign markets to tap into new revenue sources. This could be achieved through partnerships or consulting projects in countries investing in the expansion of their rail networks.

Main Imported Raw Materials:

1. Steel
2. Copper
3. Aluminum

Main Supplier Countries:

1. China
2. Australia
3. South Korea

The Central Japan Railway Company (JR Central) mainly imports steel, copper, and aluminum, which are needed for the construction and maintenance of their rail infrastructure and trains. China is one of the largest suppliers of steel and copper, while Australia is a significant source of aluminum. South Korea also supplies a substantial amount of steel products.

These materials are crucial for the operation and expansion of the high-speed rail network, especially for the Shinkansen. The selection of supplier countries is based on the availability, costs, and quality of the raw materials.

Market share in the Shinkansen segment: approx. 60% (2023)
Operating profit margin: 25% (2023)
Customer satisfaction: 90% (2023, based on surveys)

Central Japan Railway Company (JR Central) has a significant competitive advantage, especially in the high-speed train transportation sector known as Shinkansen. The company dominates this market with an estimated market share of about 60%, which is attributed to its long-standing experience and the high reliability of its services.

The operating profit margin of 25% demonstrates the efficiency and the company's ability to control costs while providing high-quality services. This is supported by a high customer satisfaction rate of 90%, which is due to the punctuality, comfort, and safety of the trains.

JR Central also benefits from a strong infrastructure and continuous investments in technology and innovation, which increase barriers to entry for new market participants and further strengthen the competitive advantage.

Institutional investor share: approx. 65% (estimated for 2025 based on historical trends)

Insider purchases/sales: No significant transactions in the last year (2024)

The institutional investor share in Central Japan Railway Company is traditionally high, as the company is seen as a stable and attractive component of portfolios. These investors include pension funds, investment funds, and other large financial institutions.

In 2024, there were no significant insider purchases or sales, indicating stable confidence by management in the company's future development. Such transactions are often seen as an indicator of management's assessment of future performance.

Market share of Central Japan Railway Company (TSE:9022): approx. 25% (2025, estimate based on market analysis)

Top competitors and their market shares:

1. East Japan Railway Company (TSE:9020): approx. 30%
2. West Japan Railway Company (TSE:9021): approx. 20%
3. Kyushu Railway Company (TSE:9142): approx. 10%
4. Hokkaido Railway Company: approx. 5%
5. Shikoku Railway Company: approx. 5%

Moat of Central Japan Railway Company:

Central Japan Railway Company, known for operating the Tokaido Shinkansen, has a significant moat due to its exclusive control over one of the busiest high-speed rail lines in the world. This line connects economically important regions such as Tokyo, Nagoya, and Osaka, ensuring the company a stable source of income.

Compared to its competitors, East Japan Railway Company has a similar moat due to its extensive rail network in the densely populated Tokyo region. West Japan Railway Company also benefits from a strong regional network, especially in the Kansai region.

While Central Japan Railway Company has an advantage due to its strategic route planning and innovation in high-speed trains, the moats of its competitors are largely shaped by regional monopolies and comprehensive service offerings. Overall, Central Japan Railway Company has a significant, but not insurmountable, moat compared to its main competitors.

Revenue growth: 3.5% (2024) Profit growth: 4.2% (2024) Passenger volume: +2.8% (2024)

The Central Japan Railway Company recorded a revenue growth of 3.5% in 2024, attributed to a recovery in travel demand and increased domestic demand. The profit growth of 4.2% indicates that the company was able to enhance its efficiency and control costs, despite the challenges in the transportation sector.

Passenger volume increased by 2.8%, suggesting improved mobility and a return to normalcy after pandemic-related restrictions. These positive trends could indicate that the company is well positioned to benefit from further economic recovery and an increase in tourism.

Additionally, the company is investing in new technologies and infrastructure projects that could support long-term growth. These strategic investments could strengthen the competitiveness of the Central Japan Railway Company and potentially contribute to a positive development of the stock.

Dividend yield: 1.5% (2025, estimated)
Dividend history: Continuous payout in the last 5 years

The Central Japan Railway Company (TSE:9022) regularly pays dividends to its shareholders. The dividend yield is estimated to be around 1.5% for the year 2025. In recent years, the company has pursued a reliable dividend policy, as evidenced by the continuous payout over the last five years.

The stability of dividend payments is attributed to the company's solid financial position and its leading market position in the Japanese rail transport sector. Analysts expect the company to maintain its dividend policy, provided that no significant negative economic developments occur.