Central Japan Railway Company Reports Consolidated Earnings Results for the Six Months Ended September 30, 2014; Announces Dividend for the Second Quarter of Fiscal 2015, Payable on December 1, 2014; Provides Dividend Forecast for the Year End of Fiscal 2015; Provides Earnings Guidance Consolidated and Non-Consolidated for the Full Fiscal Year Ending March 31, 2015
October 29, 2014
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Central Japan Railway Company reported consolidated earnings results for the six months ended September 30, 2014. For the period, the company reported operating revenues of JPY 817,244 million, operating income of JPY 278,912 million, ordinary income of JPY 245,160 million, and net income of JPY 167,012 million or JPY 848.65 per basic share, compared to operating revenues of JPY 814,759 million, operating income of JPY 288,182 million, ordinary income of JPY 245,949 million, and net income of JPY 159,580 million or JPY 810.88 per basic share, a year ago. Income before income taxes and minority interest was JPY 241,711 million compared to JPY 246,021 million a year ago. Net cash provided by operating activities was JPY 266,513 million compared to JPY 252,558 million a year ago. Purchases of property, plant and equipment was JPY 103,967 million compared to JPY 111,094 million a year ago.
The company provided earnings guidance consolidated and non-consolidated for the full fiscal year ending March 31, 2015. For the period, the company is expecting its consolidated operating revenues of JPY 1,651,000 million, operating income of JPY 475,000 million, ordinary income of JPY 396,000 million, net income of JPY 268,000 million or JPY 1,361.79 per basic share.
For the period, the company is expecting its non-consolidated operating revenues of JPY 1,291,000 million, operating income of JPY 445,000 million, ordinary income of JPY 367,000 million, net income of JPY 256,000 million or JPY 1,299.49 per basic share.
The company announced second quarter of fiscal 2015 dividend of JPY 60.00 per share compared to JPY 55.00 per share a year ago. The dividend is payable on December 1, 2014.
The company provided dividend forecast of JPY 60.00 per share for the year end of fiscal 2015, compared to JPY 60.00 per share a year ago.
Central Japan Railway Company specializes in railway transport. Net sales break down by activity as follows:
- railway transport (76.9%). The group also provides bus transport services;
- retail distribution (13.6%): sale of goods through department stores located in railway stations and train compartments;
- real estate management (2.6%);
- other (6.9%): hotel operation, trip organization, railway repair and maintenance services, etc.
Central Japan Railway Company Reports Consolidated Earnings Results for the Six Months Ended September 30, 2014; Announces Dividend for the Second Quarter of Fiscal 2015, Payable on December 1, 2014; Provides Dividend Forecast for the Year End of Fiscal 2015; Provides Earnings Guidance Consolidated and Non-Consolidated for the Full Fiscal Year Ending March 31, 2015