Is JR East (9020) Halal?

TSE Industrials Japan $4.1T
✗ NOT HALAL
Confidence: 90/100
JR East (9020) is Not Halal under AAOIFI Standard 21. The company's debt ratio of 111.0% exceeds the 30% threshold, indicating excessive interest-bearing debt relative to market capitalization. JR East operates in the Industrials sector.

Shariah Screening — 5 Standards

Based on financial data from March 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 111.0%
/ 30%
5.6%
/ 30%
16.4%
/ 30%
0.01%
/ 5%
✗ NOT HALAL
DJIM 111.0%
/ 33%
5.6%
/ 33%
16.4%
/ 33%
0.01%
/ 5%
✗ NOT HALAL
MSCI 45.7%
/ 33%
2.3%
/ 33%
6.7%
/ 33%
0.01%
/ 5%
✗ NOT HALAL
S&P 111.0%
/ 33%
5.6%
/ 33%
16.4%
/ 33%
0.01%
/ 5%
✗ NOT HALAL
FTSE 45.7%
/ 33%
2.3%
/ 33%
6.7%
/ 50%
0.01%
/ 5%
✗ NOT HALAL

Financial Highlights

P/E Ratio
17.9
Forward: 17.8
EPS
$204.84
Dividend Yield
191.0%
Payout: 33.7%
P/B Ratio
1.4
EV/EBITDA
11.1
EV: $8.8T
Revenue
$2.9T
Growth: 6.3%
Beta
0.0
Low volatility
Current Ratio
0.9

Profitability

Gross Margin 35.7%
Operating Margin 15.2%
Net Margin 7.6%
Return on Equity (ROE) 7.7%
Return on Assets (ROA) 2.3%

Cash Flow & Balance Sheet

Operating Cash Flow$732.3B
Free Cash Flow-$38.7B
Total Debt$4.6T
Debt-to-Equity158.7
Current Ratio0.9
Total Assets$10.2T

Price & Trading

Last CloseJPY 3,647.00
50-Day MAJPY 3,817.94
200-Day MAJPY 3,663.52
Avg Volume3.0M
Beta0.0
52-Week Range
JPY 2,845.00
JPY 4,211.00

About JR East (9020)

CEO
Mr. Yoichi Kise
Employees
69,559
Sector
Industrials
Industry
Railroads
Country
Japan
Exchange
TSE
Market Cap
$4.1T
Currency
JPY

East Japan Railway Company operates as a passenger railway company in Japan and internationally. The company operates through Transportation, Retail & Services, Real Estate & Hotels, and Others segments. It offers passenger railway, freight, bus transportation, station operations, travel agency, warehousing, financial, telecommunication, computer-related data, leasing of personal property, dry cleaning, casualty insurance, and other agency services. The company is also involved in the operation of aerial cableway and parking lot; advertising and promotion; books and magazines publication; automobile maintenance and repair; hotel and restaurant management; civil engineering and general construction; facilities construction; and electricity supply businesses. In addition, it engages in the sale of prepaid vouchers, memberships for sport and leisure facilities, including golf and tennis clubs; and oil, gas, and car accessories; travel goods, food, beverages, liquors, medicines, cosmetics, and daily necessities. Further, the company is involved in the sale, leasing, management, and brokerage of real estate properties; manufacture of transport-related machinery and equipment, as well as precision and industrial machinery and tools; production and sale of signs and information boards; and establishment and management of recreation areas, physical fitness facilities, cultural facilities, preparatory schools and other educational facilities, and movie theaters. Additionally, it engages in the production of beverages and liquors; processing and sale of marine products; manufacture and sale of aggregates, masonry materials, concrete posts, and blocks; railcar manufacturing and maintenance operations; sale of tickets for events; and photo development activities. East Japan Railway Company was incorporated in 1987 and is headquartered in Tokyo, Japan.

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Frequently Asked Questions

Is JR East (9020) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), JR East is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is JR East's debt ratio?

JR East's debt ratio is 111.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 45.7%.

What are JR East's key financial metrics?

JR East has a market capitalization of $4.1T, trailing P/E ratio of 17.9, and revenue of $2.9T. The company maintains a gross margin of 35.7% and a net margin of 7.6%. Return on equity stands at 7.7%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.