Industries›30 companies · latest full-year results
A key industry supporting social infrastructure by transporting passengers and freight via rail, road, sea, and air.
The 30 transportation companies we cover had combined revenue of ¥26.2T (+4.2% year over year) and operating profit of ¥2.8T, an industry-wide operating margin of 10.5%.
JR East leads on revenue (¥3.1T, a 11.8% share), and the top three hold 29% of industry sales. 19 grew both revenue and operating profit; 1 saw both fall.
JR Central has the highest operating margin (41.4%); average pay across the industry is ¥7.43M, highest at Sotetsu (¥9.74M).
Industry total
Transportation · 30 companies
YoY compares companies with prior-year figures
StockShares are +6.8% over a year, behind the all-industry average (+14.9%) — #35 of 53 industries. Over the last month: +2.8%, +5.5pt against the market.Details
GuidanceCompany plans for FY2027 (29 companies combined): revenue +5.5%, operating profit +2.1%. Planned profit growth is below the all-industry plan (+13.0%).Details
Revisions6 raised and 1 cut this year's forecast. The biggest revision: Nippon Express (operating profit +20.0%).Details
Latest resultsYear to date through Q1, 18 companies combined: revenue +8.1%, operating profit +9.4% year over year. 16 are ahead of an even pace toward their full-year plan, 4 behind.Details
Disclosures13 TSE filings in the last 90 days (M&A and restructuring 6, guidance revisions 4, buybacks 1).Details
Earnings dates25 companies report within 30 days, starting with Nankai on Nov 2 and Yamato on Nov 4.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q2 cumulative) |
|---|---|---|---|---|---|
| ¥414.3B | ¥450.0B | +8.6% | Up +4.9% | 58% |
| ¥51.5B | ¥120.0B | +133% | Up +20.0% | 37% |
| ¥830.2B | ¥757.0B | −8.8% | Up +7.8% | 59% |
| ¥28.3B | ¥42.0B | +48.4% | Unchanged | -12% |
| ¥198.1B | ¥165.0B | −16.7% | Unchanged | 34% |
| ¥89.4B | ¥90.0B | +0.6% | Unchanged | 26% |
| ¥90.2B | ¥97.0B | +7.5% | Unchanged | 21% |
| ¥110.9B | ¥127.4B | +14.9% | Up +9.5% | 87% |
 | ¥103.2B | ¥110.0B | +6.6% | - | - |
 | ¥37.0B | ¥43.0B | +16.2% | - | - |
 | ¥37.6B | ¥41.4B | +10.1% | Unchanged | 30% |
 | ¥42.1B | ¥34.0B | −19.2% | Down −22.7% | 93% |
 | ¥71.9B | ¥72.0B | +0.2% | Unchanged | 29% |
 | ¥43.2B | ¥47.0B | +8.7% | Unchanged | 45% |
 | ¥45.5B | ¥53.0B | +16.4% | Unchanged | 49% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Transportation | +2.8% | −0.2% | +6.8% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | +5.5pt | +0.7pt | −8.1pt |
Rank among industries:3M #25/531Y #35/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 16 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
Nippon Express: To Acquire Metro Supply Chain for $253B Yen to Boost North American Logistics
Seino: Sells HEX stake for ¥25.479bn, expects ¥12bn gain
JR East: Raises FY2027 operating profit forecast, dividend to ¥88
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥3.1T | +6.8% | ¥414.3B | 13.4% | 11.8% | ¥8.19M | 39.8 | 39,598 |
| 2 | ¥2.6T | −0.1% | ¥51.5B | 2.0% | 9.8% | ¥8.91M | 47.7 | 286 |
| 3 | ¥2.0T | +9.5% | ¥830.2B | 41.4% | 7.6% | ¥8.10M | 36.8 | 18,404 |
| 4 | ¥1.9T | +5.8% | ¥28.3B | 1.5% | 7.1% | - | 50.8 | 15 |
| 5 | ¥1.8T | +8.1% | ¥198.1B | 10.7% | 7.0% | ¥6.84M | 37.3 | 21,665 |
| 6 | ¥1.8T | +0.5% | ¥89.4B | 5.1% | 6.7% | ¥8.23M | 44.6 | 264 |
| 7 | ¥1.6T | +11.2% | ¥90.2B | 5.5% | 6.3% | ¥7.69M | 38.8 | 236 |
| 8 | ¥1.1T | +11.0% | ¥110.9B | 10.0% | 4.2% | ¥9.00M | 42.9 | 229 |
| 9 | ¥1.1T | +3.0% | ¥103.2B | 9.5% | 4.1% | ¥8.83M | 43.2 | 1,537 |
| 10 | ¥899.6B | +5.3% | ¥37.0B | 4.1% | 3.4% | ¥6.88M | 45.3 | 257 |
| 11 | ¥813.0B | +10.3% | ¥37.6B | 4.6% | 3.1% | ¥7.12M | 43.6 | 254 |
| 12 | ¥690.7B | +14.9% | ¥42.1B | 6.1% | 2.6% | ¥6.33M | 44.6 | 5,043 |
| 13 | ¥655.4B | +3.8% | ¥71.9B | 11.0% | 2.5% | ¥7.10M | 47.8 | 3,239 |
| 14 | ¥631.6B | +4.1% | ¥43.2B | 6.8% | 2.4% | ¥6.41M | 41.3 | 12,292 |
| 15 | ¥513.3B | −43.0% | ¥45.5B | 8.9% | 2.0% | ¥8.91M | 41.1 | 337 |
16 | ¥500.4B | +10.1% | ¥74.0B | 14.8% | 1.9% | ¥5.87M | 42.7 | 6,460 |
17 | ¥496.9B | +9.7% | ¥52.3B | 10.5% | 1.9% | ¥7.61M | 41.2 | 2,411 |
18 | ¥490.3B | +9.4% | ¥21.3B | 4.3% | 1.9% | ¥5.88M | 45.0 | 292 |
19 | ¥474.2B | +6.9% | ¥30.2B | 6.4% | 1.8% | ¥6.52M | 46.3 | 5,009 |
| 20 | ¥422.4B | +3.6% | ¥89.6B | 21.2% | 1.6% | ¥8.37M | 39.7 | 9,532 |
| 21 | ¥418.7B | −0.9% | ¥52.7B | 12.6% | 1.6% | ¥8.27M | 43.5 | 3,685 |
22 | ¥355.6B | +3.1% | ¥22.8B | 6.4% | 1.4% | ¥5.87M | 44.0 | 9,290 |
23 | ¥332.4B | +4.1% | ¥34.0B | 10.2% | 1.3% | ¥7.52M | 41.6 | 1,926 |
| 24 | ¥313.5B | +3.8% | ¥42.1B | 13.4% | 1.2% | ¥8.14M | 44.2 | 141 |
| 25 | ¥307.6B | +5.3% | ¥38.8B | 12.6% | 1.2% | ¥9.74M | 46.6 | 85 |
26 | ¥304.2B | +3.5% | ¥33.6B | 11.0% | 1.2% | ¥7.04M | 40.5 | 2,907 |
27 | ¥260.8B | +7.9% | ¥34.7B | 13.3% | 1.0% | ¥6.50M | 44.9 | 2,717 |
28 | ¥208.4B | +4.9% | ¥11.0B | 5.3% | 0.8% | ¥7.68M | 46.1 | 68 |
29 | ¥124.7B | +3.1% | ¥12.6B | 10.1% | 0.5% | ¥4.95M | 34.5 | 6,083 |
| 30 | ¥53.5B | +2.5% | ¥8.8B | 16.4% | 0.2% | ¥6.81M | 38.7 | 128 |
| Industry total / average | ¥26.2T | +4.2% | ¥2.8T | 10.5% | 100% | ¥7.43M | 42.8 | 154,390 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
JR East Q1 FY2027: Railway Revenues Surge, Real Estate Profit Falls
Sankyu: Cuts FY2027 Standalone Forecast as Profit Slips
