Is Central Japan Railway stock undervalued on PBR?

Yes. With price near ¥4,746 and book value per share around ¥5,224, the PBR is roughly 0.90x. That discount reflects policy and project uncertainty. If earnings remain strong and Maglev concerns ease, we think the gap to book value and to peers can narrow.

What is driving JR Tokai earnings into FY2026?

Sustained inbound tourism, resilient domestic business travel, and event-driven demand support the Tokaido Shinkansen. Better capacity planning and stable operations help margins. Management guides for record FY2026 profit, assuming limited impact from China’s advisory and continued interest in key routes linking Tokyo, Nagoya, and Osaka.

What could re-rate Central Japan Railway stock from here?

Clear progress on the Shizuoka Maglev restart, consistent upside to traffic, and disciplined costs could lift sentiment. A supportive policy backdrop and stronger free cash generation would also help narrow the PBR discount. Delivering on record FY2026 profit guidance is the most direct path to re-rating.

What risks should investors monitor?

Key risks include delays or cost pressures tied to the Maglev, a slowdown in inbound tourism, and potential operational disruptions. Currency shifts may affect visitor flows. Any safety incidents or regulatory setbacks could weigh on demand and valuation for Central Japan Railway stock in the short term.

Global Market Insights

9022.T Stock Today: Record FY26 Profit on Inbound Demand – February 9

ByHuzaifa Zahoor February 9, 2026February 9, 2026

Central Japan Railway stock is in focus today after JR Tokai guided for record FY2026 profit on strong inbound travel and resilient domestic demand. JR Tokai (9022.T) traded around ¥4,746, up 2.17%, as investors priced in sustained Tokaido Shinkansen traffic and support from the Osaka-Kansai Expo. Management sees limited effect from China’s advisory, while a positive Maglev project update could lift sentiment. With PBR near 0.90x and PE at 8.78x, valuation remains attractive versus peers, keeping Central Japan Railway stock on watch in Japan’s transport sector.