Land Transportation · Fiscal year end Mar 31

Nagoya Railroad Co., Ltd.

9048

名古屋鉄道株式会社

FIGI BBG000BH0ZR29048.T9048 JPCorp. no. 8180001031837

Latest half-year results

First half · fiscal year to 2026-03 · filed 2025-11-10

For the first half of the fiscal year to 2026-03: Revenue ¥335.7 billion (+0.3% YoY), Ordinary income ¥19.3 billion (-32.0% YoY), Net income ¥11.3 billion (-47.8% YoY).

	This period	Year on year
Revenue	¥335.7bn	+0.3%
Ordinary profit	¥19.3bn	-32.0%
Net profit to owners	¥11.3bn	-47.8%

From the securities report on EDINET, which states no forecast. History via /v1/companies/9048/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2026-03-31

Revenue: ¥691.6bn
Net income: ¥23.0bn
ROE: 4.8%
Equity ratio: 30.6%
Dividend / share: ¥40
Employees: 30,637

Revenue · ¥bn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-03-31	¥691.6bn	¥23.0bn	¥1,584.8bn	¥517.2bn	4.8%	¥117.05	¥61.4bn
2025-03-31	¥690.7bn	¥37.7bn	¥1,448.9bn	¥498.3bn	8.4%	¥192.12	¥78.7bn
2024-03-31	¥601.1bn	¥24.4bn	¥1,303.2bn	¥464.1bn	5.8%	¥124.13	¥55.5bn
2023-03-31	¥551.5bn	¥18.9bn	¥1,231.4bn	¥429.1bn	4.8%	¥95.91	¥61.2bn
2022-03-31	¥490.9bn	¥9.4bn	¥1,186.9bn	¥411.1bn	2.5%	¥47.65	¥39.3bn

Indicators

Computed by us from filings · fiscal year to 2026-03-31

Metric	Value	Percentile among listed companies
ROE, %	4.8	23.7
Ordinary margin	0.0555	41.5
Equity ratio, %	30.6	14.6
Revenue growth	0.0012	25.4
Net income growth	-0.3917	15.8
Operating cash flow / assets	0.0388	32.9

Policy-uncertainty measure0.00 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Ownership activity 0 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change +0.57pt in 90 days; 4.8% held by other listed companies.

Results wording balance: -0.04. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥676.1bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥3.4bn, 5.5% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/9048/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Bond ratings stated in filings: JCR A+ (2026-08-27, 第78回無担保社債); R&I A (2026-08-27, 第78回無担保社債). One bond's rating on that date, as the company stated it; it may have changed. The agencies' opinions, not ours. /v1/companies/9048/credit-ratings

Internal control, 2026-06-24: see filing 上記の評価の結果、当事業年度末日時点において、当社の財務報告に係る内部統制は有効であると判断しました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Traffic, Transport, Real Estate, Leisure and Services, Distribution, Aviation and Related Services, Other. /v1/companies/9048/segments

Latest voting result: 2026-06-25 · 剰余金の処分の件 · passed. /v1/companies/9048/voting

Ownership changes

All companies →

2026-10-07

Increase+0.44pt

Nomura Securities Co.,Ltd. raised holdings in Nagoya Railroad Co., Ltd. (9048) to 5.72% from 5.28%.

S100Z6REFiler profile Original filing (PDF, Japanese)
2026-10-06

Decrease−0.01pt

Sumitomo Mitsui Trust Bank,Limited reduced holdings in Nagoya Railroad Co., Ltd. (9048) to 5.22% from 5.23%.

S100Z5RIFiler profile Original filing (PDF, Japanese)
2026-09-24

Increase+0.14pt

Sumitomo Mitsui Trust Bank,Limited raised holdings in Nagoya Railroad Co., Ltd. (9048) to 5.23% from 5.09%.

S100Z2OQFiler profile Original filing (PDF, Japanese)
2026-07-06

Increase+0.03pt

Sumitomo Mitsui Trust Bank,Limited raised holdings in Nagoya Railroad Co., Ltd. (9048) to 5.09% from 5.06%.

S100YO7FFiler profile Original filing (PDF, Japanese)
2026-04-22

Increase+0.10pt

Nomura Securities Co.,Ltd. raised holdings in Nagoya Railroad Co., Ltd. (9048) to 5.28% from 5.18%.

S100Y0ASFiler profile Original filing (PDF, Japanese)
2026-04-21

Increase+0.01pt

Sumitomo Mitsui Trust Bank,Limited raised holdings in Nagoya Railroad Co., Ltd. (9048) to 5.06% from 5.05%.

S100XZFFFiler profile Original filing (PDF, Japanese)
2026-04-07

Decrease−0.13pt

Nomura Securities Co.,Ltd. reduced holdings in Nagoya Railroad Co., Ltd. (9048) to 5.18% from 5.31%.

S100XXF6Filer profile Original filing (PDF, Japanese)
2026-03-19

Decrease−0.39pt

Sumitomo Mitsui Trust Bank,Limited reduced holdings in Nagoya Railroad Co., Ltd. (9048) to 5.05% from 5.44%.

S100XR9GFiler profile Original filing (PDF, Japanese)
2026-02-20

New 5% stake

Nomura Securities Co.,Ltd. disclosed a 5.31% stake in Nagoya Railroad Co., Ltd. (9048), crossing the 5% reporting threshold.

S100XMCFFiler profile Original filing (PDF, Japanese)
2025-10-21

Decrease−0.03pt

Sumitomo Mitsui Trust Bank,Limited reduced holdings in Nagoya Railroad Co., Ltd. (9048) to 5.44% from 5.47%.

S100WVPJFiler profile Original filing (PDF, Japanese)

5% filings

Large shareholding reports on 9048

Filed	Filer	Stake	Change	Stated purpose
2026-10-07	Nomura Securities Co.,Ltd.	5.72%	+0.44pt	—
2026-10-06	Sumitomo Mitsui Trust Bank,Limited	5.22%	−0.01pt	strategic holding
2026-09-24	Sumitomo Mitsui Trust Bank,Limited	5.23%	+0.14pt	strategic holding
2026-07-06	Sumitomo Mitsui Trust Bank,Limited	5.09%	+0.03pt	strategic holding
2026-05-22	Nomura Securities Co.,Ltd.	5.28%	0.00pt	—
2026-04-22	Nomura Securities Co.,Ltd.	5.28%	+0.10pt	—
2026-04-21	Sumitomo Mitsui Trust Bank,Limited	5.06%	+0.01pt	strategic holding
2026-04-07	Nomura Securities Co.,Ltd.	5.18%	−0.13pt	—
2026-03-19	Sumitomo Mitsui Trust Bank,Limited	5.05%	−0.39pt	strategic holding
2026-02-20	Nomura Securities Co.,Ltd.	5.31%	—	—

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: 17 issues
Book value: ¥63.7bn
Sold in the year: ¥1.3bn 5 issues
Bought in the year: — — issues
Mutual, both reports: 11
Held by listed cos.: 33

Holds	Book value	Shares vs. prior year	Mutual
ANA HOLDINGSINC. 9202	¥20.5bn	0.0%	both reports
Mitsubishi UFJ Financial Group, Inc. 8306	¥17.9bn	0.0%	stated
Sumitomo Mitsui Trust Group, Inc. 8309	¥10.5bn	0.0%	stated
Mizuho Financial Group, Inc. 8411	¥6.1bn	0.0%	stated
Central Japan Railway Company 9022	¥2.2bn	0.0%	both reports
Aichi Financial Group, Inc. 7389	¥1.5bn	0.0%	both reports
株式会社名古屋銀行(注)１	¥1.1bn	+200.0%	stated
中部日本放送株式会社(注)２	¥0.9bn	0.0%	no
Sumitomo Mitsui Financial Group, Inc. 8316	¥0.9bn	0.0%	stated
Juroku Financial Group, Inc. 7380	¥0.8bn	0.0%	both reports

Held by: Tokio Marine Holdings, Inc. 8766, MS&AD Insurance Group Holdings, Inc. 8725, Sompo Holdings, Inc. 8630, Aichi Financial Group, Inc. 7389, ANA HOLDINGSINC. 9202, HAZAMA ANDO CORPORATION 1719, The Bank of Nagoya, Ltd. 8522, Central Japan Railway Company 9022, Shinkin Central Bank 8421, taisei corporation 1801, NIPPON SHARYO, LTD. 7102, OBAYASHI CORPORATION 1802 and 21 more

Purposes, all holdings and mutual flags via /v1/companies/9048/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-03-31

Shareholder	Shares	Ratio
日本マスタートラスト信託銀行株式会社(信託口)	19,983,000	10.18%
株式会社日本カストディ銀行(信託口)	4,612,000	2.35%
individual holder	3,581,000	1.82%
日本生命保険相互会社	3,538,000	1.80%
ジェーピー　モルガン　チェース　バンク　385781	2,949,000	1.50%
ステート　ストリート　バンク　アンド　トラスト　カンパニー505223	2,678,000	1.36%
株式会社三菱UFJ銀行	2,457,000	1.25%
ステート　ストリート　バンク　アンド　トラスト　カンパニー　505001	2,176,000	1.10%
東京海上日動火災保険株式会社	2,012,000	1.02%
三井住友海上火災保険株式会社	1,863,000	0.94%

U.S. funds holding 9048

SEC Form N-PORT, reports to 2026-07-31

61 U.S. funds held 15,885,059 shares worth $185.0m.

Fund	Shares	Value	% of fund	As of
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS	2,885,833	$34.3m	0.005%	2026-07-31
Avantis International Small Cap Value ETF American Century ETF Trust	2,880,600	$32.5m	0.164%	2026-05-31
VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS	1,913,932	$21.8m	0.007%	2026-06-30
iShares Core MSCI EAFE ETF iShares Trust	1,348,700	$16.0m	0.008%	2026-07-31
THE JAPANESE SMALL COMPANY SERIES DFA INVESTMENT TRUST CO	1,098,611	$13.1m	0.326%	2026-07-31

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/9048
GET /v1/companies/9048/financials
GET /v1/companies/9048/details
GET /v1/companies/9048/segments
GET /v1/companies/9048/voting
GET /v1/companies/9048/tender-offers
GET /v1/companies/9048/indicators
GET /v1/companies/9048/earnings-releases
GET /v1/events?ticker=9048
GET /v1/companies/9048/trades         
GET /v1/companies/9048/cross-holdings 
GET /v1/companies/9048/brief

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