• Central Japan Railway average ebitda margin for 2023 was 8.7%, a 45.28% increase from 2022.
• Central Japan Railway average ebitda margin for 2022 was 15.9%, a 32.85% decline from 2021.
• Central Japan Railway average ebitda margin for 2021 was 23.68%, a 29.25% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.