Kyushu Railway Company (9142) cut its net profit forecast for the year ending March 2027 by 8.9% to ¥47.0 billion from ¥51.6 billion, citing damage from the July 28, 2026 Kumamoto earthquake, while keeping its revenue, operating profit and ordinary profit forecasts unchanged.
The company said service suspensions and reduced timetables on the Kyushu Shinkansen and conventional lines will cut railway passenger revenue by about ¥6.7 billion this fiscal year, with bus replacement services costing about ¥400 million. It expects to book an extraordinary loss of about ¥9.0 billion for damage to railway facilities, including Shinkansen viaducts, rails, bridges and platforms.
Partial closures at station buildings are expected to reduce operating revenue by about ¥700 million and operating profit by about ¥400 million, with a further extraordinary loss of about ¥200 million for repairs. JR Kyushu is negotiating restoration plans and cost-sharing with the Japan Railway Construction, Transport and Technology Agency, which owns the Shinkansen facilities other than rolling stock, and said damage estimates may be revised.
| Item | Previous forecast | Revised forecast |
|---|---|---|
| Revenue | ¥520.5 billion | ¥520.5 billion |
| Operating profit | ¥75.0 billion | ¥75.0 billion |
| Net profit | ¥51.6 billion | ¥47.0 billion |
| EPS | ¥335.36 | ¥305.35 |
For the April-September first half, revenue rose 3.7% to ¥246.5 billion, operating profit fell 11.3% to ¥36.3 billion, and net profit fell 3.8% to ¥21.5 billion. Railway passenger revenue declined for the first time in six periods, while real estate leasing and hotels lifted sales.
The interim dividend is ¥60.50 per share, and the annual dividend plan of ¥121 is unchanged.
Next steps: an investor briefing on Nov. 5, the semiannual report on Nov. 6, and interim dividend payment from Dec. 3, 2026.
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