Tokyu Corporation (JP:9005)
:9005
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Tokyu
(9005)
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Rating:65Neutral
Price Target:
¥2,140.00
▲(16.05% Upside)
Action:DowngradedDate:10/03/25
Tokyu's strong financial performance is the most significant factor, demonstrating robust growth and stability. However, technical analysis indicates bearish momentum, which poses a risk. Valuation is fair, offering moderate income potential. The absence of earnings call and corporate events data limits further insights.
Positive Factors
Integrated rail–real estate business model
Tokyu's integration of rail operations with station-area property development creates durable, recurring cash flows from fares and rents. Cross-segment synergies support steady demand for retail and residential assets and reinforce ridership, anchoring long-term revenue stability.
Negative Factors
Substantial debt load
Although leverage is portrayed as reasonable, the noted substantial debt creates interest-rate and refinancing risk. High absolute debt can constrain strategic flexibility, divert FCF to servicing costs, and amplify downside from ridership or property revenue shocks over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated rail–real estate business model
Tokyu's integration of rail operations with station-area property development creates durable, recurring cash flows from fares and rents. Cross-segment synergies support steady demand for retail and residential assets and reinforce ridership, anchoring long-term revenue stability.
Read all positive factors
Tokyu (9005) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.13T
Dividend Yield1.48%
Average Volume (3M)1.33M
Price to Earnings (P/E)14.5
Beta (1Y)0.35
Revenue Growth-2.86%
EPS Growth14.93%
CountryJP
Employees23,583
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)31.59
Shares Outstanding624,869,900
10 Day Avg. Volume1,443,180
30 Day Avg. Volume1,329,756
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)1.20
Price to Sales (P/S)0.94
P/FCF Ratio40.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)146.88
Revenue Forecast (FY)¥1.08T
Tokyu Business Overview & Revenue Model
Company Description
Tokyu Corporation, together with its subsidiaries, engages in the transportation, real estate, life services, and hotel and resort businesses in Japan and internationally. It is involved in railway, bus, and airport operations; real estate sales, ...
How the Company Makes Money
Tokyu generates revenue through multiple streams, with the largest portion coming from its railway operations, which include passenger fares from its extensive train and bus services. Additionally, the company earns money from real estate activiti...
Tokyu Earnings Call Summary
Earnings Call Date:Nov 08, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance with significant year-on-year growth in revenue and profits. Positive results were seen across multiple segments, and the company presented an improved full-year forecast. New projects and developments are on track, and there were notable achievements in the hotel sector and ESG initiatives. However, some challenges remain, such as lower commuter usage on the Shin-Yokohama Line and risks from rising construction costs.Positive Updates
Strong Year-on-Year Growth in Q2 FY 2023
Operating revenue was JPY 483.4 billion, up JPY 48.7 billion year-on-year. Operating profit rose by JPY 23.7 billion, and profit attributable to owners of parent increased by JPY 16.5 billion.
Negative Updates
Lower Than Expected Commuter Usage on Shin-Yokohama Line
Although the new line reached 70% of its passenger target, commuter usage has not yet met expectations, requiring time for public awareness and demand generation.
Read all updates
Q2-2024 Updates
Positive
Negative
Strong Year-on-Year Growth in Q2 FY 2023
Operating revenue was JPY 483.4 billion, up JPY 48.7 billion year-on-year. Operating profit rose by JPY 23.7 billion, and profit attributable to owners of parent increased by JPY 16.5 billion.
Read all positive updates
Company Guidance
During the earnings call for Tokyu Corporation's second quarter of FY 2024, President Horie provided comprehensive guidance on financial performance and forecasts. The company reported operating revenue of JPY 483.4 billion and an operating profit of JPY 45.5 billion, with profits attributable to owners at JPY 35 billion, showing significant year-on-year increases of JPY 48.7 billion, JPY 23.7 billion, and JPY 16.5 billion, respectively. For the full year FY 2023, Tokyu Corporation forecasts operating revenue of JPY 1.0395 trillion, operating profit of JPY 85 billion, and profit attributable to owners of JPY 54 billion, reflecting an upward revision from earlier predictions. Key segments like Transportation and Real Estate saw notable improvements, with the Transportation sector alone revising its operating profit forecast up by JPY 7 billion due to increased fares and reduced power costs. The company also highlighted initiatives in urban development and sustainability, emphasizing a 38% reduction in CO2 emissions compared to FY 2019, and plans for a cyclical reinvestment strategy designed to enhance the value and competitiveness of areas along Tokyu lines. Additionally, Tokyu Corporation announced a year-end dividend of JPY 10, raising the annual dividend to JPY 17.5 per share.Tokyu Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.05T | 1.05T | 1.04T | 931.29B | 879.11B | 935.93B |
| Gross Profit | 332.38B | 321.48B | 308.05B | 249.65B | 227.32B | 174.06B |
| EBITDA | 185.77B | 190.08B | 181.68B | 127.58B | 115.74B | 56.65B |
| Net Income | 85.40B | 79.68B | 63.94B | 26.00B | 8.78B | -56.23B |
Balance Sheet | ||||||
| Total Assets | 2.78T | 2.70T | 2.65T | 2.61T | 2.48T | 2.48T |
| Cash, Cash Equivalents and Short-Term Investments | 60.47B | 62.13B | 43.35B | 69.34B | 52.27B | 45.96B |
| Total Debt | 1.33T | 1.30T | 1.26T | 1.22T | 1.20T | 1.19T |
| Total Liabilities | 1.86T | 1.83T | 1.82T | 1.83T | 1.73T | 1.72T |
| Stockholders Equity | 876.21B | 827.98B | 790.50B | 740.62B | 702.97B | 702.36B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 24.56B | 28.47B | -59.28B | -31.13B | -29.11B |
| Operating Cash Flow | 0.00 | 155.10B | 145.33B | 95.40B | 85.58B | 85.89B |
| Investing Cash Flow | 0.00 | -113.73B | -99.88B | -152.88B | -77.23B | -113.80B |
| Financing Cash Flow | 0.00 | -25.53B | -73.08B | 73.06B | -2.95B | 15.79B |
Tokyu Technical Analysis
Positive
1844.00
Price Trends
1865.08
Positive
1829.80
Positive
1796.53
Positive
Market Momentum
-12.52
Positive
48.18
Neutral
30.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9005, the sentiment is Positive. The current price of 1844 is below the 20-day moving average (MA) of 1899.05, below the 50-day MA of 1865.08, and above the 200-day MA of 1796.53, indicating a neutral trend. The MACD of -12.52 indicates Positive momentum. The RSI at 48.18 is Neutral, neither overbought nor oversold. The STOCH value of 30.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9005.
Tokyu Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥1.03T | 9.13 | 9.37% | 2.59% | -1.22% | -10.82% | |
71 Outperform | ¥552.47B | 14.44 | 9.06% | 1.84% | 0.42% | 20.25% | |
66 Neutral | ¥635.55B | 22.09 | 7.58% | 2.58% | 6.52% | -31.67% | |
66 Neutral | ¥296.36B | 2.68 | 4.97% | 2.01% | 2.00% | -68.35% | |
65 Neutral | ¥1.13T | 14.50 | 9.25% | 1.48% | -2.86% | 14.93% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ¥5.27T | -128.08 | 2.27% | 0.52% | 4.92% | 1.25% |
* Consumer Cyclical Sector Average
JP:9005
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Tokyu Corporate Events
Tokyu Nears Completion of ¥10 Billion Share Buyback Program
Mar 6, 2026
Tokyu Corporation has disclosed the latest tranche of its ongoing share buyback program, repurchasing 641,800 common shares on the market between February 1 and February 28, 2026, for a total of about ¥1.25 billion. These acquisitions are bei...
Tokyu Lifts Profit and Dividend Outlook as Balance Sheet Strengthens
Feb 27, 2026
Tokyu Corporation reported consolidated operating revenue of ¥784.6 billion for the nine months to Dec. 31, 2025, essentially flat year on year, while operating profit declined 5.8% to ¥88.2 billion. Ordinary profit rose 2.4% to ¥99...
Tokyu Lifts Full-Year Outlook and Raises Dividend on Strong Nine-Month Results
Feb 10, 2026
Tokyu Corporation has marginally raised its full-year consolidated forecasts for the fiscal year ending March 31, 2026, citing strong performance over the first nine months. Operating revenue is now projected at ¥1.088 trillion and operating ...
Tokyu Outlines Third-Quarter FY2025 Results and Full-Year Outlook
Feb 10, 2026
Tokyu Corporation has released a summary of its financial results for the third quarter of the fiscal year ending March 31, 2026, covering the nine months to December 31, 2025. The materials outline executive highlights, key performance indicators...
Tokyu Lifts Full-Year Outlook and Dividend as Profits Rise Despite Flat Revenue
Feb 10, 2026
Tokyu Corporation reported consolidated operating revenue of ¥784.6 billion for the nine months to December 31, 2025, essentially flat year on year, as a modest 5.8% decline in operating profit to ¥88.2 billion contrasted with gains in o...
Tokyu Reports No Share Buybacks in January Under Ongoing Repurchase Program
Feb 6, 2026
Tokyu Corporation announced that it did not repurchase any of its own common shares during the period from January 1 to January 31, 2026, despite having authorization in place to conduct market purchases under a previously approved share buyback p...
Tokyu to Deepen Investor Appeal with Major Overhaul of Shareholder Benefits
Jan 28, 2026
Tokyu Corporation will significantly enhance its shareholder benefits program from the benefits granted to shareholders of record as of March 31, 2026, aiming to make the scheme more attractive, boost shareholder satisfaction and expand its indivi...
Tokyu Reports No Share Buybacks in December Under Ongoing Repurchase Program
Jan 9, 2026
Tokyu Corporation announced that, under its previously approved share buyback program, it did not repurchase any of its common shares during the period from December 1 to December 31, 2025, despite having authorization to conduct market purchases....
Tokyu to Absorb Tokyu Hotels in Streamlining of Hotel and Resort Operations
Dec 26, 2025
Tokyu Corporation has approved an absorption-type merger of its wholly owned subsidiary Tokyu Hotels Co., Ltd., with Tokyu serving as the surviving entity in a simplified, short-form transaction scheduled to take effect on April 1, 2026. The move ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.