West Japan Railway Company
West Japan Railway Company (JPX: 9021) is trading at ¥2,903.50, about ₹1,777 at today's JPY/INR rate, as of 9 Oct 2026, 2:30 AM ET, up 1.24% today. Indian residents can buy West Japan Railway from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
¥2,865.00
Today's high
¥2,922.50
52 week low
¥2,453.00
52 week high
¥3,528.00
9021 opened at ¥2,900.00, closed previously at ¥2,868.00, and has traded between ¥2,453.00 and ¥3,528.00 over the past 52 weeks.
About
Based in Osaka, Japan, West Japan Railway Company, founded in 1987, primarily delivers passenger rail transportation services across the country. The company's operations span several key divisions: Transportation Operations, Retail Business, Real Estate Business, and various Other Businesses. It maintains a substantial railway infrastructure, extending 4,903.1 kilometers in total, comprising 812.6 kilometers of high-speed Shinkansen routes and 4,090.5 kilometers of conventional lines, facilitating travel through 1,174 stations. Additionally, it offers supplementary bus and ferry services. Beyond its core transport functions, the company engages extensively in retail, including the sale of goods, food service provision, wholesale distribution, and other retail initiatives. This encompasses the management of department stores, convenience stores, restaurants, souvenir shops, and shopping centers. Its real estate portfolio involves property sales and leasing. JR West also holds interests in hospitality (hotels), financial services (credit cards, electronic money), travel arrangements, rolling stock and equipment manufacturing, electrical contracting, construction, information technology solutions, and advertising.
Key statistics
Avg. volume
2.68M
Market cap
¥1.32T
P/E Ratio
11.22
Price-to-sales ratio
0.72
Enterprise value
¥2.80T
Free cash flow yield
5.47%
Debt-to-equity ratio
1.35
Return on equity
10.56%
ROIC
4.40%
Beta
0.07
Dividend yield
3.48%
Last dividend
¥101.00
Financial overview
Revenue
¥1.85T
Earnings per share
¥277.73
Free cash flow
¥78.50B
Net profit margin
6.39%
Gross margin
24.77%
EBITDA
¥378.52B
Revenue growth
8.07%
Similar securities
This is not an investment recommendation
How to buy West Japan Railway from India
Indian residents can buy West Japan Railway shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers. Read the full guide: how to invest in West Japan Railway from India
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to JPY.
Search for West Japan Railway and place an order
Find West Japan Railway by name or by its ticker, 9021, and choose an order type. The Tokyo Stock Exchange typically trades in units of 100 shares. West Japan Railway trades 5:30 am – 12:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your West Japan Railway position in JPY and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying West Japan Railway from India
Trading and limits
- Trading hours
- 9:00 am – 3:30 pm JST
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. West Japan Railway’s current yield is 3.48%.Dividend tax explained
- Estate or inheritance tax
- May applyJapan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.Estate tax explained
FAQs
Can Indian residents buy West Japan Railway stock?
Yes. West Japan Railway (9021) has been listed on the Tokyo Stock Exchange since 1987, in the Railroads industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to JPY. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one West Japan Railway share cost in rupees?
One West Japan Railway share is ¥2,903.50 — about ₹1,777 at a JPY/INR rate of 0.6120 on 9 Oct 2026. Both the West Japan Railway price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying West Japan Railway from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of West Japan Railway?
The Tokyo Stock Exchange typically trades in units of 100 shares.
How are gains on West Japan Railway shares taxed in India?
Japan generally does not levy capital gains tax on non-resident individual investors, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the JPY/INR rate on the purchase and the sale date, so the rupee move counts alongside the West Japan Railway price. Paasa issues a capital-gains statement for your return.
Does West Japan Railway pay a dividend, and how is it taxed in India?
Yes. West Japan Railway pays a dividend and the current yield is 3.48%; the last declared dividend was ¥101.00 per share, about ₹61.81. Dividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade West Japan Railway from India?
The Tokyo Stock Exchange trades 5:30 am – 12:00 pm IST in Indian time. It also halts for lunch, 8:00 am – 9:00 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on West Japan Railway shares held from India?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. It applies to your overall holdings in that jurisdiction rather than to any one position.
Do I have to declare West Japan Railway shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your West Japan Railway holding, its cost and its closing value.
How do I sell West Japan Railway and bring the money back to India?
You sell during market hours (5:30 am – 12:00 pm IST) and the proceeds settle in JPY in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.