Earnings quality
Compare earnings and operating cash flow for earnings quality.
Kyushu Railway Company
Ticker 9142 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-19 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 14.8%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin14.8%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
九州旅客鉄道株式会社 is a Japanese listed company whose core business is the manufacture and sale of commercial equipment motors, based on its annual securities report business description.
- commercial equipment motors
Segments Total Of · Construction · Transportation · Retail And Restaurant · Real Estate And Hotels · Business Services
Compare trends
Tel 092-474-3677 · As of filing date 2026-06-19
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥454.4B | ¥500.4B |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit (loss) | ¥59.0B | ¥74.0B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥12.5B | ¥14.1B |
| Profit (loss) | ¥43.7B | ¥45.5B |
| Profit (loss) attributable to owners | ¥43.7B | ¥45.5B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥45.8B | ¥44.3B |
| Current assets | ¥214.1B | ¥247.7B |
| Non-current assets | ¥926.4B | ¥974.7B |
| Total assets | ¥1.1T | ¥1.2T |
| Short-term borrowings | ¥2.5B | ¥152.0M |
| Current liabilities | ¥212.7B | ¥204.6B |
| Non-current liabilities* | ¥469.2B | ¥523.0B |
| Total liabilities | ¥681.9B | ¥727.6B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥96.7B | ¥72.9B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥6.9B | ¥12.5B |
| Net increase (decrease) in cash | -¥17.5B | -¥1.7B |
| Cash at end of period | ¥45.8B | ¥44.3B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | ¥454.4B | ¥500.4B | |
| Operating profit | ¥9.2B | ¥35.7B | ¥48.9B | ¥59.6B | ¥74.0B | |
| Profit to owners | — | — | — | ¥43.7B | ¥45.5B | |
| Total assets | ¥952.0B | ¥996.7B | ¥1.1T | ¥1.1T | ¥1.2T | |
| Cash & equivalents | — | — | ¥61.9B | ¥45.8B | ¥44.3B | |
| Owners’ equity | ¥389.0B | ¥406.9B | ¥442.3B | ¥458.6B | ¥494.9B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥454.4B to ¥500.4B (▲ +10.1%), so the top line did not break. Gross profit only slipped from — to —, while operating profit swung from ¥59.0B to ¥74.0B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥72.9B (prior ¥96.7B), and cash on the balance sheet rose to ¥44.3B from ¥45.8B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥727.6B while owners’ equity fell to —. ROE moved from 9.7% to 9.6%, and the equity ratio from 40.0% to 40.4%. Employee count is 15,365 vs 15,202 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100Y6HR
(九州旅客鉄道株式会社), period end 2026-03-31.