Overview
Land Transportation

Central Japan Railway Company

Central Japan Railway Company (JR Central) is Japan's premier high-speed rail operator, primarily operating the Tokaido Shinkansen between Tokyo and Osaka—one of the world's busiest and most profitable rail corridors—as well as conventional rail lines across the Tokai region. The company is actively developing the Chuo Shinkansen (Linear Maglev), a next-generation maglev line connecting Tokyo and Nagoya, representing a transformative infrastructure investment. Beyond its core transportation business, JR Central operates complementary businesses including retail (JR Nagoya Takashimaya), real estate (JR Central Towers, JR Gate Tower), hotels, travel services, and railway vehicle manufacturing through subsidiary Nippon Sharyo.

Market Cap
¥3,722B
US$23.7B
EV
¥7,170B
US$45.7B
Stock¥3,918▼-0.05%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.9
x
LTM EV/EBIT
8.6
x
LTM PER
6.8
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-27.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 3, 26Mid-tier Japanese broker maintained outperform rating
MC → EV Bridge
3,722BUS$23.7BMarket Cap4,310BUS$27.5B+ Debt349BUS$2.23B− Cash583BUS$3.72B− Inv. Sec.69.8BUS$445M+ NCI7,170BUS$45.7BEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
935US$5.96B'22/31,400US$8.93B'23/31,710US$10.9B'24/31,832US$11.7B'25/32,006US$12.8B'26/3
EBITDA 5Y (¥B)
209US$1.33B'22/3594US$3.79B'23/3824US$5.25B'24/3911US$5.81B'25/31,036US$6.61B'26/3
Net Income 5Y (¥B)
-51.9-US$331M'22/3219US$1.40B'23/3384US$2.45B'24/3458US$2.92B'25/3553US$3.53B'26/3
Capital Structure
55%
45%
EquityD/E 0.83xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1,104US$7.04B4,972US$31.7B'22/31,305US$8.33B4,838US$30.9B'23/31,267US$8.08B4,798US$30.6B'24/3718US$4.58B4,814US$30.7B'25/3884US$5.64B4,806US$30.7B'26/3
Shareholders
Top 10 hold 34.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.60%
2
Custody Bank of Japan, Ltd. (Trust Account)
4.73%
3
Nomura Trust and Banking Co., Ltd. (Retirement Benefit Trust, MUFG Bank, Ltd. Account)
3.73%
4
Mizuho Bank, Ltd.
2.84%
5
Nippon Life Insurance Company
2.41%
6
MUFG Bank, Ltd.
1.82%
7
The Norinchukin Bank
1.75%
8
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.61%
9
Employee Stock Ownership Association
1.60%
10
Sumitomo Life Insurance Company
1.36%
Management
16 officers
Shin KANEKO
Representative Director, Chairman
Apr 1978 Joined Japanese National Railways Feb 1986 Assistant Manager, Labor Division, Personnel Bureau, Japanese National Railways Apr 1987 Joined the Company Mar 1991 Manager, Personnel Section, Personnel Department, the Company Jun 1994 Manager, Labor Section, Personnel Department, the Company Jun 1996 Manager, Personnel Section, Personnel Department, the Company Jun 1998 General Manager, Administration Department, Shinkansen Railway Business Headquarters, the Company Jun 2002 General Manager, General Affairs Department, the Company Jun 2004 Director, General Manager, General Affairs Department, the Company Jun 2006 Director, General Manager, Personnel Department, the Company Jun 2008 Managing Director, General Manager, Corporate Planning Headquarters, the Company Jun 2010 Senior Managing Director, General Manager, Corporate Planning Headquarters, the Company Jun 2012 Representative Director, Executive Vice President, the Company Apr 2018 Representative Director, President, the Company Apr 2023 Representative Director, Chairman, the Company (current)
1955-08-29
Shunsuke NIWA
Representative Director, President
Apr 1989 Joined the Company Jul 2001 Manager, Tokyo Public Relations Office, Public Relations Department, the Company Jul 2003 Manager, Personnel Section, Administration Department, Shizuoka Branch, the Company Jul 2005 Manager, Labor Section (in charge), Personnel Department, the Company Jul 2006 Manager, Labor Section, Personnel Department, the Company Jul 2008 Manager, Personnel Section, Personnel Department, the Company Jul 2010 General Manager, Administration Department, Shinkansen Railway Business Headquarters, the Company Jul 2013 Senior Manager (in charge), Investment Planning Department, Corporate Planning Headquarters, the Company Jun 2014 General Manager, Personnel Department, the Company Jun 2016 Executive Officer, General Manager, Public Relations Department, the Company Jun 2019 Director, Executive Officer, General Manager, Corporate Planning Headquarters, the Company Jun 2020 Director, Managing Executive Officer, General Manager, Corporate Planning Headquarters, the Company Jun 2022 Representative Director, Executive Vice President, the Company Apr 2023 Representative Director, President, the Company (current)
1965-06-22
Kentaro TAKEDA
Representative Director, Executive Vice President (in charge of administrative departments excluding Corporate Planning Headquarters and Finance Department; special assignments)
Apr 1991 Joined the Company Jul 2005 Chief, Nagoya Secretariat Office, Secretariat Department, the Company Jul 2008 Manager, Personnel Section, Administration Department, Tokai Railway Business Headquarters, the Company Jul 2010 Manager (in charge), Investment Planning Section, Corporate Planning Headquarters, the Company Jun 2012 Manager, General Affairs Section, General Affairs Department, the Company Jul 2014 Deputy General Manager, General Affairs Department, the Company Jul 2015 Senior Manager (in charge), Management Planning Department, Corporate Planning Headquarters, the Company Jun 2016 General Manager, Management Planning Department, Corporate Planning Headquarters, the Company Jul 2018 Deputy General Manager, Corporate Planning Headquarters, General Manager, Management Planning Department, the Company Jun 2019 Executive Officer, General Manager, Public Relations Department, the Company Jun 2021 Managing Executive Officer, General Manager, Public Relations Department, the Company Jun 2022 Senior Managing Executive Officer, General Manager, Corporate Planning Headquarters, the Company Jun 2023 Representative Director, Executive Vice President, General Manager, Corporate Planning Headquarters, the Company Jun 2025 Representative Director, Executive Vice President, the Company (current)
1968-01-05
Ataru KIMURA
Representative Director, Executive Vice President (General Manager, Corporate Planning Headquarters; in charge of Finance Department; special assignments)
Apr 1992 Joined the Company Jul 2008 Manager (in charge), Management Planning Section, Corporate Planning Headquarters, the Company Jul 2009 Manager, Public Relations Office, Nagoya, Public Relations Department, the Company Jul 2011 Manager, Stock Section, General Affairs Department, the Company Jul 2013 General Manager, Administration Department, Kansai Branch, the Company Jul 2015 Deputy Director, Management Planning Office, Nippon Sharyo, Ltd. Jun 2018 Executive Officer, Nippon Sharyo, Ltd. Jun 2019 General Manager, Management Planning Department, Corporate Planning Headquarters, the Company Jun 2020 Executive Officer, Deputy General Manager, Corporate Planning Headquarters, General Manager, Management Planning Department, the Company Jun 2022 Managing Executive Officer, General Manager, Public Relations Department, the Company Jun 2023 Senior Managing Executive Officer, the Company Jun 2025 Senior Managing Executive Officer, General Manager, Corporate Planning Headquarters, the Company Jun 2026 Representative Director, Executive Vice President, General Manager, Corporate Planning Headquarters, the Company (current)
1970-01-24
Takanori MIZUNO
Representative Director, Executive Vice President (in charge of Central Shinkansen Promotion Headquarters)
Apr 1981 Joined Japanese National Railways Apr 1987 Joined the Company Jul 1993 Manager (in charge), Central Shinkansen Planning Section, Corporate Planning Headquarters, the Company Jun 1996 Manager, Real Estate Development Section, Construction Department, the Company Jul 1999 Manager, Facilities Management Section, Facilities Department, Shinkansen Railway Business Headquarters, the Company Jul 2002 Chief Officer, Linear Development Headquarters, Technical Headquarters, the Company Jul 2005 General Manager, Corporate Planning Department, Meiko Construction Co., Ltd. Jul 2007 Senior Manager (in charge), Construction Department, the Company Jun 2008 General Manager, Planning and Promotion Department, Tokaido Shinkansen 21st Century Measures Headquarters, the Company Jul 2010 Deputy General Manager, Tokaido Shinkansen 21st Century Measures Headquarters, the Company Jul 2011 Deputy General Manager, Central Shinkansen Promotion Headquarters, the Company Jun 2013 Executive Officer, Deputy General Manager, Central Shinkansen Promotion Headquarters, the Company Jun 2016 Managing Executive Officer, Deputy General Manager, Central Shinkansen Promotion Headquarters, the Company Jun 2018 Director, Senior Managing Executive Officer, General Manager, Central Shinkansen Promotion Headquarters, the Company Jun 2022 Senior Managing Executive Officer, General Manager, Central Shinkansen Promotion Headquarters, the Company Jun 2024 Representative Director, Executive Vice President, the Company (current)
1958-02-26
Atsushi TSUJIMURA
Representative Director, Executive Vice President (in charge of Railway Business Headquarters; overall supervision of Safety and Transportation Departments)
Apr 1989 Joined the Company Jul 2003 Manager, Transportation Section, Transportation Sales Department, Kansai Branch, the Company Jul 2005 Station Manager, Osaka No. 2 Transportation Office, Kansai Branch, the Company Jul 2008 Senior Manager (in charge), Management Section, Transportation Sales Department, Shinkansen Railway Business Headquarters, the Company Jul 2009 Manager, Management Section, Transportation Sales Department, Shinkansen Railway Business Headquarters, the Company Jul 2010 Deputy General Manager, Safety Measures Department, the Company Jul 2013 General Manager, Transportation Sales Department, Tokai Railway Business Headquarters, the Company Jun 2016 General Manager, Transportation Sales Department, Shinkansen Railway Business Headquarters, the Company Jun 2018 Executive Officer, Deputy General Manager, Shinkansen Railway Business Headquarters, General Manager, Transportation Sales Department, the Company Jun 2020 Executive Officer, General Manager, Safety Measures Department, the Company Jun 2022 Managing Executive Officer, General Manager, Shinkansen Railway Business Headquarters, the Company Jun 2026 Representative Director, Executive Vice President, the Company (current)
1965-06-15
Takashi OSHIMA
Director
Apr 1980 Joined NGK Insulators, Ltd. (now NGK Insulators, Ltd.) Jun 2007 Executive Officer, NGK Insulators, Ltd. Jun 2011 Managing Executive Officer, NGK Insulators, Ltd. Jun 2014 Representative Director, President, NGK Insulators, Ltd. Jun 2020 Director, the Company (current) Apr 2021 Representative Director, Chairman, NGK Insulators, Ltd. (current)
1956-07-14
Tsuyoshi NAGANO
Director
Apr 1975 Joined Tokio Marine & Fire Insurance Co., Ltd. Jun 2003 Executive Officer, Tokio Marine & Fire Insurance Co., Ltd. Oct 2004 Executive Officer, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2006 Managing Executive Officer, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2008 Managing Director, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2008 Director, Tokio Marine Holdings, Inc. Jun 2010 Senior Managing Director, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2011 Senior Managing Director, Tokio Marine Holdings, Inc. Jun 2012 Deputy President, Director, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2012 Deputy President, Director, Tokio Marine Holdings, Inc. Jun 2013 President, Director, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2013 President, Director, Tokio Marine Holdings, Inc. Apr 2016 Chairman, Director, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2019 Chairman, Director, Tokio Marine Holdings, Inc. Jun 2022 Director, the Company (current) Jun 2025 Senior Advisor, Tokio Marine & Nichido Fire Insurance Co., Ltd. (current)
1952-11-09
Hiroko KIBA
Director
Apr 1987 Joined Tokyo Broadcasting System, Inc. (now TBS Television, Inc.) Apr 2001 Part-time Lecturer, Faculty of Education, Chiba University Apr 2006 Specially Appointed Professor, Faculty of Education, Chiba University Apr 2007 Member, Regulatory Reform Council, Cabinet Office Apr 2008 Member, Education Rebuilding Council, Cabinet Secretariat Mar 2009 Member, Transport Policy Council, Ministry of Land, Infrastructure, Transport and Tourism Apr 2013 Visiting Professor, Chiba University (current) Jun 2022 Director, the Company (current)
1964-11-01
Joseph SCHMELZEIS
Director
Jul 1984 Joined Bain & Company Jul 1988 Vice President, American Express International Apr 1998 Japan Representative, Fontworks International Dec 1999 Interim Chief Executive Officer, Crimson Ventures Nov 2001 Representative Director, JPS International Inc. (current) Jun 2011 Director and General Manager, Sega Corporation Jun 2015 Senior Advisor, Sega Sammy Holdings Inc. Feb 2018 Chief of Staff, U.S. Embassy in Japan Mar 2021 Executive Officer, Cedarfield GK (now Chitose Distillery GK) (current) Jun 2023 Director, the Company (current)
1962-11-02
Masako II
Director
Jul 1990 Research Officer, Research Department, World Bank Apr 1995 Associate Professor, Faculty of Economics, Yokohama National University Apr 2004 Professor, Graduate School of International Corporate Strategy, Hitotsubashi University Apr 2005 Professor, Graduate School of International and Public Policy, Hitotsubashi University; Professor, Graduate School of Economics and Faculty of Economics, Hitotsubashi University Jun 2024 Trustee, Yokohama City University (current) Apr 2026 Specially Appointed Professor, Graduate School of International and Public Policy, Hitotsubashi University (current); Specially Appointed Professor, Graduate School of Economics and Faculty of Economics, Hitotsubashi University (current) Jun 2026 Director, the Company (current)
1963-02-08
Tatsuhiko YAMADA
Full-time Corporate Auditor
Apr 1989 Joined the Company Jul 2004 Manager, Accounting Section, Administration Department, Shinkansen Railway Business Headquarters, the Company Jul 2006 Manager, Fund Section, Finance Department, the Company Jul 2008 Manager, Accounting Section, Finance Department, the Company Jun 2010 Deputy General Manager, Finance Department, the Company Jun 2014 General Manager, Finance Department, the Company Jun 2016 Executive Officer, General Manager, Finance Department, the Company Jun 2020 Full-time Corporate Auditor, the Company (current)
1964-07-12
Shohei ISHII
Full-time Corporate Auditor
Apr 1988 Joined Ministry of Transport Feb 2011 Counselor, Minister's Secretariat, Ministry of Land, Infrastructure, Transport and Tourism Jul 2011 Counselor, Public Transportation Policy Division, Policy Bureau, Ministry of Land, Infrastructure, Transport and Tourism Sep 2012 Director, Main Railway Line Division, Railway Bureau, Ministry of Land, Infrastructure, Transport and Tourism Jul 2015 Director, Policy Division, Policy Bureau, Ministry of Land, Infrastructure, Transport and Tourism Jun 2016 Director, General Affairs Division, General Affairs Department, Japan Coast Guard Jul 2017 Commissioner, Fifth Regional Coast Guard Headquarters, Japan Coast Guard Jul 2018 Deputy Director-General, Railway Bureau, Ministry of Land, Infrastructure, Transport and Tourism Jul 2019 Deputy Director-General, Policy Bureau, Ministry of Land, Infrastructure, Transport and Tourism Jul 2020 Deputy Commissioner, Japan Coast Guard Jun 2022 Commissioner, Japan Coast Guard Dec 2024 Advisor, Meiko Construction Co., Ltd. Jun 2025 Corporate Auditor, the Company (current)
1964-07-18
Kunika WATANABE
Full-time Corporate Auditor
Apr 1990 Joined National Police Agency Sep 2014 Director, Investigation Division Two, Criminal Investigation Bureau, National Police Agency Mar 2016 Superintendent General, Shiga Prefectural Police Headquarters Aug 2017 Director, Security Planning Division, Security Bureau, National Police Agency Jan 2019 Director, Personnel Division, Minister's Secretariat, National Police Agency Jan 2020 Director General, Criminal Affairs Department, Metropolitan Police Department Sep 2021 Director General, Organized Crime Countermeasures Department, Criminal Bureau, National Police Agency Aug 2022 Senior Deputy Director-General, Minister's Secretariat, National Police Agency Jan 2023 Commissioner General, Criminal Bureau, National Police Agency Dec 2024 Advisor, Public Corporation Business Department, Meiji Yasuda Life Insurance Company Jun 2025 Corporate Auditor, the Company (current)
1967-02-11
Makoto HAYASHI
Corporate Auditor
Apr 1983 Prosecutor, Tokyo District Public Prosecutors Office Apr 2012 Director, General Affairs Department, Supreme Public Prosecutors Office Jul 2013 Chief Public Prosecutor, Sendai District Public Prosecutors Office Jan 2014 Director-General, Criminal Affairs Bureau, Ministry of Justice Jan 2018 Chief Public Prosecutor, Nagoya High Public Prosecutors Office May 2020 Chief Public Prosecutor, Tokyo High Public Prosecutors Office Jul 2020 Prosecutor General Aug 2022 Attorney-at-law (registered) (current) Jun 2023 Corporate Auditor, the Company (current)
1957-07-30
Shion KINOSHITA
Corporate Auditor
Apr 1985 Attorney-at-law (registered) (current) Apr 2004 Vice President, Dai-ichi Tokyo Bar Association Apr 2010 Visiting Professor, The University of Tokyo Law School Apr 2013 Vice President, Tokyo Institute of Technology Oct 2014 Director, Japan Society of Labour Law (current) Jun 2018 Director, Japan Securities Research Institute (public interest foundation) (current) Jun 2024 Corporate Auditor, the Company (current) Oct 2024 Vice Director, Institute of Science Tokyo (current)
1959-08-11
Large Shareholding Reports
BlackRock Fund Advisors
2026-02-03
1.54%→1.73%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.53%→2.55%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-04
3.33%→2.53%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-02-03
Large Shareholding Report
TDnet
2026-02-02
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-06
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-04
Large Shareholding Report
TDnet
2025-07-29
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-03
Q3 Earnings Flash
EDINET
2024-11-06
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-30
Q1 Earnings Flash
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-06
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-07
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINET
2022-08-03
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-04
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-05
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-03
Quarterly Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →