Financial Results and Passenger Transport Performance of 16 Major Private Railway Companies for FY2026

The Japan Private Railway Association has surveyed the financial results and passenger transport performance of 16 major private railway companies for the fiscal year ending March 2026. While operating revenue for the railway business of these 16 companies increased by 4.3% year-on-year, operating profit decreased by 2.8% due to higher labor costs from wage improvements and increased depreciation expenses from capital investments. Passenger numbers reached 10.001 billion, a 3.9% increase year-on-year, driven by inbound demand and increased outings. However, this remains 4.6% lower than the 2019 fiscal year, prior to the COVID-19 pandemic.