Overview
Land Transportation

East Japan Railway Company

East Japan Railway Company (JR East) is Japan's largest passenger railway operator, covering 1 都16県 in the Kanto and Tohoku regions with a network of 7,302.2 km (including 1,194.2 km of Shinkansen) and 1,630 stations. Beyond its core rail operations, the company operates a diversified portfolio of businesses including retail and food services (via JR East Cross Station), real estate development and hotel management (Lumine, Atré, Metropolitian Hotels), and digital/fintech services centered on the Suica IC card and View Card credit business. The group comprises 143 consolidated subsidiaries and 70 equity-method affiliates, positioning JR East as a comprehensive lifestyle-infrastructure conglomerate.

Market Cap
¥4,095B
US$26.1B
EV
¥8,431B
US$53.8B
Stock¥3,627▼-1.12%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.8
x
LTM EV/EBIT
19.8
x
LTM PER
17.3
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-22.5%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 3, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
4,095BUS$26.1BMarket Cap5,012BUS$32.0B+ Debt121BUS$773M− Cash568BUS$3.63B− Inv. Sec.13.4BUS$85.4M+ NCI8,431BUS$53.8BEV
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Performance & Balance
Revenue 5Y (¥B)
1,979US$12.6B'22/32,406US$15.3B'23/32,730US$17.4B'24/32,888US$18.4B'25/33,085US$19.7B'26/3
EBITDA 5Y (¥B)
239US$1.52B'22/3531US$3.38B'23/3737US$4.70B'24/3783US$4.99B'25/3843US$5.38B'26/3
Net Income 5Y (¥B)
-94.9-US$606M'22/399.2US$633M'23/3196US$1.25B'24/3224US$1.43B'25/3248US$1.58B'26/3
Capital Structure
38%
62%
EquityD/E 1.64xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
473US$3.01B4,374US$27.9B'22/3573US$3.65B4,775US$30.5B'23/3745US$4.75B4,868US$31.0B'24/3740US$4.72B4,968US$31.7B'25/3848US$5.41B5,174US$33.0B'26/3
Shareholders
Top 10 hold 33.8%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.60%
2
Custody Bank of Japan, Ltd. (Trust Account)
4.62%
3
Employee Stock Ownership Association
3.69%
4
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.76%
5
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
1.91%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.84%
7
Sumitomo Mitsui Banking Corporation
1.45%
8
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.41%
9
Mitsubishi UFJ Trust and Banking Corporation (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
1.32%
10
MUFG Bank, Ltd.
1.23%
Management
16 officers
Yuji FUKASAWA
Director, Chairman
Apr 1978 Joined Japanese National Railways Apr 1987 Joined East Japan Railway Company Jun 2003 General Manager, Investment Planning Department, General Planning Headquarters, the Company Jun 2006 Director, General Manager, Human Resources Department, the Company; Director, JR East Comprehensive Training Center Jun 2008 Managing Director, the Company Jun 2012 Representative Director, Senior Executive Vice President, the Company Apr 2018 Representative Director, President, the Company Apr 2024 Director, Chairman, the Company (current)
1954-11-01
Yoichi KIBASHI
Representative Director, President
Apr 1989 Joined East Japan Railway Company Jun 2014 General Manager, Human Resources Department, the Company; Director, JR East Comprehensive Training Center Jun 2015 Executive Officer, General Manager, Human Resources Department, the Company Jun 2017 Executive Officer, General Manager, Corporate Strategy Department, General Planning Headquarters, the Company Jun 2018 Managing Director, General Manager, General Planning Headquarters, the Company Jun 2020 Managing Director, General Manager, Business Creation Headquarters, the Company Jun 2021 Representative Director, Executive Vice President, General Manager, Business Creation Headquarters, the Company Jun 2022 Representative Director, Executive Vice President, General Manager, Marketing Headquarters, the Company Apr 2024 Representative Director, President, the Company (current)
1964-08-26
Chiharu WATARI
Representative Director, Vice President, Assistant to the President (General), General Manager, Railway Operations Headquarters, Chief Safety Manager
Apr 1988 Joined East Japan Railway Company Jun 2013 General Manager, Railway Safety Planning Department, Railway Operations Headquarters, the Company Jun 2014 Executive Officer, General Manager, Railway Safety Planning Department, Railway Operations Headquarters, the Company Jun 2016 Executive Officer, General Manager, Yokohama Branch, the Company Jun 2018 Director, Deputy General Manager, General Planning Headquarters, Hokkaido Railway Company Jun 2020 Managing Director, General Manager, General Planning Headquarters, Hokkaido Railway Company Jun 2022 Managing Director, General Manager, Group Management Strategy Headquarters, the Company Jun 2023 Representative Director, Vice President, Assistant to the President (General), General Manager, Railway Operations Headquarters, Chief Safety Manager, the Company (current)
1963-01-30
Atsuko ITO
Representative Director, Vice President, Assistant to the President (General), General Manager, Group Management Strategy Headquarters
Apr 1990 Joined East Japan Railway Company Apr 2018 Jun 2018 Executive Officer, General Manager, Finance Department, the Company Jun 2020 Executive Officer, General Manager, Corporate Strategy Department, General Planning Headquarters, the Company Jun 2021 Managing Director, the Company Jun 2023 Managing Director, General Manager, Group Management Strategy Headquarters, the Company Jun 2025 Representative Director, Vice President, Assistant to the President (General), General Manager, Group Management Strategy Headquarters, the Company (current)
1966-11-15
Hirohiko IKEDA
Representative Director, Vice President, Assistant to the President (General), General Manager, Innovation Strategy Headquarters, in charge of Shinkansen and Service
Apr 1991 Joined East Japan Railway Company Jun 2017 General Manager, Service Quality Improvement Department, Railway Operations Headquarters, the Company Jun 2019 Executive Officer, General Manager, Service Quality Improvement Department, Railway Operations Headquarters, the Company Jun 2021 Senior Managing Executive Officer, General Manager, Shinkansen Division Headquarters, Deputy General Manager, Railway Operations Headquarters, the Company Jun 2025 Representative Director, Vice President, Assistant to the President (General), General Manager, Innovation Strategy Headquarters, in charge of Shinkansen and Service, the Company (current)
1966-10-11
Harumi NAKAGAWA
Managing Director, General Manager, Marketing Headquarters, in charge of Shinagawa Development, Regional Revitalization, Tourism, and Human Resources Strategy Department
Apr 1991 Joined East Japan Railway Company Jun 2020 Executive Officer, General Manager, Chiba Branch, the Company Oct 2022 Executive Officer, General Manager, Chiba Branch, Railway Division, Chiba Branch, the Company Jun 2023 Senior Managing Executive Officer, Deputy General Manager, Railway Operations Headquarters (station operations, service quality), the Company Jun 2024 Managing Director, General Manager, Marketing Headquarters, in charge of Shinagawa Development, Regional Revitalization, Tourism, and Human Resources Strategy Department, the Company (current)
1967-06-04
Hideshi UCHIDA
Managing Director, Deputy General Manager, Railway Operations Headquarters (Transportation and Rolling Stock), in charge of Railway Safety Planning Department
Apr 1992 Joined East Japan Railway Company Jun 2021 Executive Officer, General Manager, Hachioji Branch, the Company Oct 2022 Executive Officer, General Manager, Hachioji Branch, Railway Division, Hachioji Branch, the Company Jun 2024 Managing Director, Deputy General Manager, Railway Operations Headquarters (Transportation and Rolling Stock), in charge of Railway Safety Planning Department, the Company (current)
1967-12-27
Hiroko KAWAMOTO
Director
Jul 1979 Joined All Nippon Airways Co., Ltd. Apr 2013 Director, Executive Officer, Deputy Head of Operations Division, Head of Cabin Center, ANA Holdings Inc. Apr 2014 Managing Director, Executive Officer, in charge of Women's Empowerment Promotion, Deputy Head of Operations Division, Head of Cabin Center, ANA Holdings Inc. Apr 2015 Managing Director, Executive Officer, in charge of Women's Empowerment Promotion, Head of ANA Brand Cabin Division, ANA Holdings Inc. Jan 2016 Managing Director, Executive Officer, in charge of Women's Empowerment Promotion, Head of ANA Brand Cabin Division, Deputy Head of Tokyo Olympic and Paralympic Promotion Headquarters, ANA Holdings Inc. Apr 2016 Director, Senior Managing Executive Officer, in charge of Group Women's Empowerment Promotion, Deputy Head of Tokyo Olympic and Paralympic Promotion Headquarters, ANA Holdings Inc. Apr 2017 Representative Director, Vice President, ANA Research Institute Inc. Apr 2020 Chairman and Director, ANA Research Institute Inc. Jun 2020 Director, East Japan Railway Company (current) Apr 2021 Advisor, ANA Research Institute Inc.
1957-02-13
Toshio IWAMOTO
Director
Apr 1976 Joined Nippon Telegraph and Telephone Public Corporation Jun 2004 Director, General Manager, Payment Solutions Business Unit, NTT DATA Corporation Jun 2007 Managing Director, Executive Officer, General Manager, Financial Business Unit, NTT DATA Corporation Jun 2008 Managing Director, Executive Officer, in charge of Financial Sector, NTT DATA Corporation Jun 2009 Representative Director, Executive Vice President, Executive Officer, NTT DATA Corporation Jun 2012 Representative Director, President, NTT DATA Corporation Jun 2018 Advisor, NTT DATA Corporation Jun 2022 Director, East Japan Railway Company (current)
1953-01-05
Yumiko NODA
Director
Apr 1982 Joined Bank of America, Tokyo Branch Mar 1996 Deputy General Manager, London Branch, The Long-Term Credit Bank of Japan, Ltd. Jan 2000 Partner, PwC Financial Advisory Services Co., Ltd. (currently PwC Advisory LLC) Jun 2007 Deputy Mayor, City of Yokohama Jan 2011 Partner, PwC Advisory Co., Ltd. (currently PwC Advisory LLC) Oct 2017 Representative Director, President, Veolia Japan K.K. (currently Veolia Japan LLC) Jun 2020 Representative Director, Chairman, Veolia Japan K.K. Jun 2024 Director, East Japan Railway Company (current) Jun 2025 Director, Chairman, Veolia Japan LLC (current)
1960-01-26
Hiroshi OHASHI
Director
Apr 2012 Professor, Graduate School of Economics, The University of Tokyo (current) Apr 2018 Vice Dean and Professor, Graduate School of Public Policy, The University of Tokyo Apr 2020 Dean and Professor, Graduate School of Public Policy, The University of Tokyo Apr 2022 Vice President, The University of Tokyo (current) Jun 2024 Director, East Japan Railway Company (current)
1970-05-01
Hisashi KINOSHITA
Director, Full-time Audit and Supervisory Committee Member
Apr 1985 Joined National Police Agency Aug 2010 Chief, Iwate Prefectural Police Headquarters Feb 2012 Director, Organized Crime Countermeasures Division, Metropolitan Police Department Apr 2013 Director, Public Security Affairs Division, Security Bureau, National Police Agency Jan 2014 Director, Security Planning Division, Security Bureau, National Police Agency Aug 2014 Director, Organized Crime Countermeasures Division, Criminal Investigation Bureau, National Police Agency Aug 2016 Chief, Fukuoka Prefectural Police Headquarters Sep 2017 Commissioner General, Criminal Investigation Bureau, National Police Agency Aug 2018 Retired from National Police Agency Jun 2019 Full-time Audit & Supervisory Board Member, East Japan Railway Company Jun 2023 Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1961-12-23
Osamu KAWANOBE
Director, Full-time Audit and Supervisory Committee Member
Apr 1979 Joined Japanese National Railways Apr 1987 Joined East Japan Railway Company Jul 2005 General Manager, Public Relations Department, the Company Jun 2008 Director, General Manager, Railway Transportation and Rolling Stock Department, Railway Operations Headquarters, the Company Jun 2010 Director, General Manager, General Affairs Department, the Company Jun 2012 Managing Director, Deputy General Manager, Railway Operations Headquarters, the Company Jun 2014 Managing Director, General Manager, Railway Operations Headquarters, the Company Jun 2016 Representative Director, Vice President, General Manager, Railway Operations Headquarters, the Company Jun 2019 Representative Director, President, JR East Mechatronics Co., Ltd. Jun 2024 Advisor, JR East Mechatronics Co., Ltd. Jun 2025 Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1954-06-06
Kimitaka MORI
Director, Audit and Supervisory Committee Member
Apr 1980 Joined Shinwa Auditing Corporation (currently Ernst & Young ShinNihon LLC) Jun 2000 Designated Partner, Asahi Audit Corporation (currently Ernst & Young ShinNihon LLC) Jun 2004 Head, Financial Services Division, Azusa Audit Corporation (currently Ernst & Young ShinNihon LLC) Jun 2006 Executive Director, Azusa Audit Corporation Jul 2011 Chairman, KPMG Financial Services Japan, Azusa Audit LLC Jun 2013 Retired from Azusa Audit LLC Jul 2013 President, Japanese Institute of Certified Public Accountants Jul 2013 Opened Mori CPA Office; Director, Mori CPA Office (current) Jun 2017 Audit & Supervisory Board Member, East Japan Railway Company Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current)
1957-06-30
Yutaka KOIKE
Director, Audit and Supervisory Committee Member
Apr 1977 Assistant Judge, Osaka District Court Aug 2004 Judge (Division Chief), Tokyo District Court Jan 2006 Director-General, Accounting Bureau, Supreme Court Secretariat Jul 2010 Presiding Judge, Mito District Court Mar 2012 Judge (Division Chief), Tokyo High Court Jul 2013 Presiding Judge, Tokyo District Court Apr 2014 Presiding Judge, Tokyo High Court Apr 2015 Justice, Supreme Court of Japan Jul 2021 Retired as Justice, Supreme Court of Japan Jun 2022 Audit & Supervisory Board Member, East Japan Railway Company Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current)
1951-07-03
Tomoko AMAYA
Director, Audit and Supervisory Committee Member
Apr 1986 Joined Ministry of Finance Jul 2015 Director-General, Bureau of General Policy, Financial Services Agency Jul 2017 Deputy Director-General, Securities and Exchange Surveillance Commission, Financial Services Agency Jul 2019 Director-General, Bureau of General Policy, Financial Services Agency Apr 2020 Coordinator for International Affairs, Bureau of General Policy, Financial Services Agency Jul 2021 Deputy Director-General for International Affairs, Financial Services Agency Jul 2023 Retired from Financial Services Agency Jun 2024 Director, Audit and Supervisory Committee Member, East Japan Railway Company (current)
1963-06-08
Large Shareholding Reports
Mizuho Bank, Ltd.
2026-05-12
3.44%→2.75%
BlackRock Fund Advisors
2025-11-18
1.73%→1.99%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-17
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-19
株主総会招集通知
EDINET
2026-05-12
Large Shareholding Report
TDnet
2026-02-02
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-18
Large Shareholding Report
EDINET
2025-11-05
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-07-01
中期経営計画
EDINET
2025-06-18
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-03
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-06
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-20
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-05
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-03
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-22
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-07
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINET
2022-08-04
Quarterly Securities Report
EDINET
2022-06-22
Annual Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-05
Quarterly Securities Report
EDINET
2021-06-22
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
EDINET
2021-02-01
中期経営計画
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