East Japan Railway Co

9020: XTKS (JPN)

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JR East: Management Upgrades Guidance as Recovery Strengthens

Adrian Atkins

Feb 1, 2024

East Japan Railway Company, or JR East, is recovering strongly following the pandemic, with EBIT in the nine months to Dec. 31, 2023, nearly tripling on the prior corresponding period, or PCP, leading to management upgrading full-year guidance by 15% to JPY 310 billion. We align our fiscal 2024 EBIT forecast with guidance, an increase of just 9%, as we already expected the narrow-moat firm to beat prior guidance.

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East Japan Railway Co

JR East: Management Upgrades Guidance as Recovery Strengthens

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