For the third quarter of the fiscal year ending March 2026, operating revenue was 515,995 million yen (up 1.6% YoY), operating income was 31,574 million yen (down 18.8% YoY), and net income attributable to owners of parent for the quarter was 22,295 million yen (down 32.3% 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9048","jir_company_name":"Nagoya Railroad Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/9048-20260210-02.pdf","jir_short_summary":"For the third quarter of the fiscal year ending March 2026, operating revenue was 515,995 million yen (up 1.6% YoY), operating income was 31,574 million yen (down 18.8% YoY), and net income attributable to owners of parent for the quarter was 22,295 million yen (down 32.3% YoY).","jir_summary":"### Overview of Financial Results\nOperating revenue for the third quarter of the fiscal year ending March 2026 was 515,995 million yen, an increase of 1.6% year-on-year. This was mainly driven by the consolidation of the Miyagi Kotsu group and an increase in rail and tramway passenger volume. Conversely, operating income decreased 18.8% year-on-year to 31,574 million yen due to increases in personnel expenses and depreciation. Ordinary income also declined by 21.6% to 34,239 million yen, affected by reduced equity method investment gains and declines in operating profit. Extraordinary income rose significantly to 10,358 million yen, supported by increased gains on equity swaps in affiliated companies. Extraordinary loss also increased to 5,502 million yen due to provisions for store closure losses and fixed asset retirement losses. As a result, net income attributable to owners of parent for the quarter decreased 32.3% year-on-year to 22,295 million yen.\n\n### Segment Performance and Outlook\nThe Transportation segment recorded operating revenue of 134,423 million yen (up 11.3% YoY) and operating income of 19,730 million yen (up 5.8% YoY), achieving both revenue and profit growth. The Freight segment saw operating revenue of 130,363 million yen (down 7.0% YoY) and turned to an operating loss of 5,361 million yen. The Real Estate segment experienced declines in revenue and profit, while the Leisure & Services segment recorded gains in both. The Distribution segment posted higher revenue but an expanded operating loss. The Air-related Services segment saw revenue growth but decreased profits. The consolidated full-year earnings guidance for the fiscal year ending March 2026 expects operating revenue of 695,000 million yen (up 0.6% YoY), operating income of 34,000 million yen (down 19.2% YoY), and net income attributable to owners of parent of 21,000 million yen (down 44.3% YoY), projecting a decrease in profitability. Capital investment is planned at 178,200 million yen.","jir_financial_highlights":"Operating Revenue: 515,995 million yen (up 1.6% YoY)\nOperating Income: 31,574 million yen (down 18.8% YoY)\nOrdinary Income: 34,239 million yen (down 21.6% YoY)\nExtraordinary Income: 10,358 million yen (unknown (3,366 million yen in prior year same period))\nExtraordinary Loss: 5,502 million yen (unknown (1,397 million yen in prior year same period))\nNet Income Attributable to Owners of Parent for the Quarter: 22,295 million yen (down 32.3% YoY)","jir_category":"","jir_hashtags":"#NagoyaRailroad, #EarningsPresentationMaterials, #JapaneseStocks","jir_key_figures":"Operating Revenue: 515,995 million yen (up 1.6% YoY)\nOperating Income: 31,574 million yen (down 18.8% YoY)\nNet Income Attributable to Owners of Parent for the Quarter: 22,295 million yen (down 32.3% YoY)","jir_meta_title":"Nagoya Railroad FY2026 Q3 Earnings - Operating Revenue Increases 1.6% to 515,995 Million Yen","jir_meta_description":"Nagoya Railroad's fiscal year ending March 2026 Q3 earnings report: Operating revenue 515,995 million yen (up 1.6% YoY), operating income 31,574 million yen (down 18.8%), net income 22,295 million yen (down 32.3%). Includes segment trends and full-year forecasts.","jir_og_title":"Nagoya Railroad Announces FY2026 Q3 Earnings","jir_og_description":"Operating revenue increased 1.6% YoY to 515,995 million yen. Operating income declined but extraordinary income gains supported net income of 22,295 million yen. 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