East Japan Railway Co.'s net income for the fiscal year ended March 31 grew year over year, supported by higher operating revenues over the 12-month period.
The Japanese passenger railway company recorded net income for full year 2018 of ¥288.96 billion, or ¥749.20 per share, up from ¥277.93 billion, or ¥713.96 per share, in the previous fiscal year.
Its EPS for fiscal 2018 fell short of the S&P Capital IQ GAAP consensus estimate of ¥753.19 per share.
Operating revenues rose by 2.4% to ¥2.950 trillion, from ¥2.881 trillion in the prior fiscal year.
Operating income increased by 3.2% to ¥481.30 billion from ¥466.31 billion.
The company declared year-end dividends of ¥70 per share, amounting to total annual dividends of ¥140 per share, up from fiscal 2017's ¥130. It forecast total annual dividends of ¥150 per share for fiscal 2019.
As of June 8, US$1 was equivalent to ¥109.47.
