East Japan Railway Co

9020: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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JR East Earnings: Solid Performance on Passenger Growth, but Costs Starting to Bite

Adrian Atkins

May 2, 2025

East Japan Railway Company's, or JR East's, net income increased 14% to JPY 224 billion in the year ending March 31, 2025. Earnings benefited from 1.5% growth in passenger volumes and a mix shift to noncommuter travel. Dividends increased 29% to JPY 60 per share, aided by a higher payout ratio.

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East Japan Railway Co

JR East Earnings: Solid Performance on Passenger Growth, but Costs Starting to Bite

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