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The Yagan Railway Co., Ltd. (野岩鉄道株式会社, Yagan Tetsudō Kabushiki-gaisha) is a third-sector Japanese railway company whose major shareholders include the Tochigi and Fukushima prefectural governments. It operates a single railway line, the Aizu Kinugawa Line (会津鬼怒川線, Aizu Kinugawa-sen).
The name of the line comes from the kanji characters of the ancient provinces of Shimotsuke (下野) (now Tochigi Prefecture) and Iwashiro (岩代) (now Fukushima Prefecture).