
JR Central Earnings: Fare Hikes and Upgraded Guidance Lift Our Valuation
Central Japan Railway's first-half revenue rose 3% year-on-year to JPY 1,013 billion, but EBIT slipped 2% to JPY 447 billion as cost inflation outpaced fare growth. Management increased full-year EBIT guidance by 8%, lifted DPS guidance by 6%, and announced a new share buyback.