Central Japan Railway Co
9022: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥7,399.00 | Whbbzf | Dpjdwqlg |
JRC’s Q3 Results in Line; Near-Term Softness Likely Due to Coronavirus but Long-Term Impact Limited
Central Japan Railway, or JRC, saw third quarter (for financial year ending March 2020) operating income growth decelerate to negative 0.8% year on year versus 5.8% due to a slowdown in top-line growth to 0.6% from 3.1% in the same period a year ago. JRC’s weak fiscal third-quarter results are in line with our expectations given the slowing economy in the fourth quarter and weaker consumer spending.