9022.T Stock Today: Maglev Test Rides Expand to Record — December 28
Central Japan Railway stock is on watch today after JR Central said it will expand superconducting maglev test rides to a record scale for 2026. Central Japan Railway stock (9022.T) last traded at ¥4,378, down 0.5% on light volume versus its average. The move follows plans for larger events at the Yamanashi Test Center tied to the Linear Chuo Shinkansen. With RSI near neutral and price above the 50-day average, investors are weighing fresh demand signals from the maglev program.
Maglev test program expands in 2026
JR Central will offer 960 blocks, or 1,920 seats, for 2026 maglev test rides at the Yamanashi Test Center, with the chance to ride the new L0-series M10 set. The company is adding family-focused sessions to widen participation, underscoring strong public interest. This scale-up was reported by local media, including Yahoo! Japan. The expansion supports visibility on the Linear Chuo Shinkansen.
For investors, bigger maglev test rides point to steady execution and rising awareness. Central Japan Railway stock often tracks sentiment on long-cycle projects, and this update helps build confidence in future ridership and ticket yield potential. Clarity on event capacity, plus possible M10 runs, suggests procurement and testing milestones are progressing without major setbacks, which can reduce perceived project risk.
Price action and levels today
Price is ¥4,378, down ¥22 (-0.5%), within a day range of ¥4,341 to ¥4,397. The 52-week range is ¥2,716.5 to ¥4,535. The 50-day and 200-day averages sit at ¥4,217.9 and ¥3,616.91, respectively. RSI is 54.03 and ADX is 16.69, pointing to no strong trend. Central Japan Railway stock remains above key moving averages.
Bollinger Bands show the upper at ¥4,525.48, middle at ¥4,390.45, and lower at ¥4,255.42. Keltner upper is ¥4,534.05, near the 52-week high at ¥4,535, making that a clear breakout line. ATR of 85.33 implies typical daily swings of about ±¥85. MFI at 66.71 hints at steady buying interest in Central Japan Railway stock.
Valuation and quality snapshot
EPS is 533.72, implying a P/E of 8.25. Book value per share is ¥5,059.58, giving a P/B of 0.88. Dividend per share is ¥31, a 0.70% yield. ROE is 11.19%, with debt-to-equity at 0.99 and interest coverage at 10.05. Current ratio is 2.40. These metrics frame sturdy fundamentals for Central Japan Railway stock.
FY2024 revenue grew 22.15% and EPS rose 75.19%, reflecting post-pandemic recovery and efficiency. Stock Grade is B+ with a BUY suggestion, while a separate company rating sits at B- (Neutral). Both note solid fundamentals. Next earnings are scheduled for 2026-02-02. Investors can reassess positioning in Central Japan Railway stock after guidance and capex updates.
Catalysts and scenarios ahead
Watch for confirmation of M10 test train ride slots, additional test-ride lotteries, and local coordination items tied to the Linear Chuo Shinkansen. Japanese media highlight potential M10 participation in early 2026 events, as reported by Mynavi News. Progress here can support medium-term narrative strength in Central Japan Railway stock.
A clean break above ¥4,535 could target the Bollinger upper near ¥4,525-¥4,535 zone, while pullbacks toward ¥4,390 or ¥4,255 may offer risk-defined entries. Position sizing should reflect ATR and event risk. For long-term holders, the maglev test rides and Linear Chuo Shinkansen milestones underpin the structural case for Central Japan Railway stock.
Final Thoughts
The 2026 maglev test-ride scale-up to 960 blocks and possible L0-series M10 runs add timely momentum to the Linear Chuo Shinkansen story. Today’s tape shows a calm setup near key averages, with resistance at ¥4,535 and a measured ATR. Valuation remains reasonable at 8.25x earnings and 0.88x book, supported by double-digit growth and healthy coverage ratios. We think the next checkpoints are M10 ride confirmations, lottery updates, and the February earnings print. For active traders, watch the ¥4,535 breakout. For long-term investors, the expanding maglev program strengthens confidence in future demand. Central Japan Railway stock stays on our radar for balanced growth exposure in JP transport.
FAQs
JR Central plans a record 960 blocks, or 1,920 seats, at the Yamanashi Test Center in 2026. The plan includes family-focused sessions and possible rides on the L0-series M10 set. This supports ongoing testing for the Linear Chuo Shinkansen and shows strong public interest that can support long-term demand.
The stock last traded at ¥4,378, down 0.5% within a day range of ¥4,341 to ¥4,397. RSI is 54.03, ADX is 16.69, and ATR is 85.33. The price is above the 50-day average of ¥4,217.9 and the 200-day average of ¥3,616.91, showing a constructive setup.
At 8.25x EPS of 533.72 and 0.88x book value per share of ¥5,059.58, the valuation looks reasonable for a quality rail operator. Dividend per share is ¥31, or a 0.70% yield. ROE is 11.19%, and interest coverage is 10.05, indicating solid financial strength.
Key items are M10 test train ride confirmations, additional maglev test-ride lotteries, and the next earnings report on 2026-02-02. Any updates on the Linear Chuo Shinkansen schedule or community agreements could affect sentiment. Technicals also matter, with ¥4,535 as an important resistance level to monitor.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
