Keisei Electric Railway Co Ltd (JP:9009)
:9009
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Keisei Electric Railway Co
(9009)
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Rating:62Neutral
Price Target:
¥1,186.00
▼(-8.45% Downside)
Action:Downgraded
Date:05/09/26
The score is supported by improving profitability and deleveraging, plus an attractive low P/E valuation. This is offset by negative and deteriorating free cash flow and weak technicals (price below key moving averages with negative MACD and subdued momentum).
Positive Factors
Revenue recovery & profitability
Sustained revenue recovery and restored profitability since the 2021–2022 losses indicate durable demand for core rail and airport links. A stable top-line and positive earnings across 2023–2026 support long-term service investment, network reliability and recurring fare and retail income streams.
Negative Factors
Negative free cash flow trend
Persistent negative free cash flow signals that accounting profits are not translating into surplus cash after investment. That constrains capacity to return capital, build liquidity buffers or fund growth without external financing, raising structural funding risk for an investment-heavy rail operator.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery & profitability
Sustained revenue recovery and restored profitability since the 2021–2022 losses indicate durable demand for core rail and airport links. A stable top-line and positive earnings across 2023–2026 support long-term service investment, network reliability and recurring fare and retail income streams.
Read all positive factors
Keisei Electric Railway Co (9009) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥530.09B
Dividend Yield1.5%
Average Volume (3M)1.25M
Price to Earnings (P/E)10.7
Beta (1Y)0.68
Revenue Growth4.11%
EPS Growth-30.52%
CountryJP
Employees12,283
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)142.39
Shares Outstanding517,233,600
10 Day Avg. Volume1,049,760
30 Day Avg. Volume1,251,646
Financial Highlights & Ratios
PEG Ratio-0.39
Price to Book (P/B)1.02
Price to Sales (P/S)1.70
P/FCF Ratio-13.31
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)94.07
Revenue Forecast (FY)¥342.20B
Keisei Electric Railway Co Business Overview & Revenue Model
Company Description
Keisei Electric Railway Co., Ltd. provides public transportation services in Japan. The company offers railway transportation services between Narita airport and downtown Tokyo, as well as onward to Haneda airport. It also operates buses; and prov...
How the Company Makes Money
Keisei Electric Railway primarily earns revenue from (1) transportation operations and (2) non-transportation businesses that leverage its rail network and customer traffic.
1) Transportation (core revenue driver)
- Passenger rail fares: The comp...
Keisei Electric Railway Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 322.35B | 332.42B | 319.31B | 296.51B | 252.34B | 214.16B |
| Gross Profit | 87.31B | 88.65B | 81.39B | 67.56B | 47.39B | 33.12B |
| EBITDA | 66.37B | 33.98B | 68.61B | 58.59B | 41.85B | 25.28B |
| Net Income | 69.36B | 48.02B | 69.96B | 87.66B | 26.93B | -4.44B |
Balance Sheet | ||||||
| Total Assets | 1.09T | 1.18T | 1.09T | 1.06T | 965.57B | 900.35B |
| Cash, Cash Equivalents and Short-Term Investments | 46.73B | 34.39B | 51.53B | 82.46B | 34.61B | 25.51B |
| Total Debt | 395.60B | 369.41B | 329.40B | 398.34B | 396.53B | 379.32B |
| Total Liabilities | 560.65B | 606.19B | 569.46B | 595.04B | 554.62B | 512.64B |
| Stockholders Equity | 517.34B | 557.83B | 508.99B | 451.62B | 394.91B | 369.76B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -42.56B | -22.05B | 5.51B | 14.41B | -9.40B |
| Operating Cash Flow | 0.00 | 41.45B | 41.15B | 60.05B | 47.24B | 28.83B |
| Investing Cash Flow | 0.00 | -75.54B | -9.24B | 28.14B | -29.50B | -33.76B |
| Financing Cash Flow | 0.00 | 16.95B | -62.87B | -40.26B | -20.92B | 1.24B |
Keisei Electric Railway Co Technical Analysis
Negative
1295.50
Price Trends
1146.15
Negative
1207.19
Negative
1254.17
Negative
Market Momentum
-25.70
Negative
36.13
Neutral
22.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9009, the sentiment is Negative. The current price of 1295.5 is above the 20-day moving average (MA) of 1076.17, above the 50-day MA of 1146.15, and above the 200-day MA of 1254.17, indicating a bearish trend. The MACD of -25.70 indicates Negative momentum. The RSI at 36.13 is Neutral, neither overbought nor oversold. The STOCH value of 22.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9009.
Keisei Electric Railway Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥529.35B | 11.67 | 9.26% | 2.68% | 10.12% | 5.85% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥530.09B | 10.72 | 13.92% | 1.50% | 4.11% | -30.52% | |
62 Neutral | ¥286.45B | 11.28 | ― | 1.61% | 1.51% | 14.84% | |
60 Neutral | ¥3.75T | 15.07 | 7.85% | 1.69% | 6.83% | 10.68% | |
58 Neutral | ¥591.30B | 15.43 | 8.51% | 2.96% | -0.94% | -26.46% | |
57 Neutral | ¥539.79B | 10.06 | 9.94% | 2.49% | 3.80% | 11.82% |
* Industrials Sector Average
JP:9009
Keisei Electric Railway Co
1,042.50
-364.06
-25.88%
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Keisei Electric Railway Co Corporate Events
Keisei Electric Railway Raises Year-End Dividend, Lifts Annual Payout to ¥21
May 8, 2026
Keisei Electric Railway has resolved to increase its year-end dividend for the fiscal year ended March 31, 2026, raising the payout to ¥12 per share from a previously forecast ¥9, bringing the total annual dividend to ¥21 including ...
Keisei Electric Railway Grows Revenue but Sees Profit Slide as Investments Weigh on Margins
May 8, 2026
Keisei Electric Railway reported a 4.1% rise in operating revenue to ¥332.4 billion for the year ended March 31, 2026, but operating profit fell 5.6% and profit attributable to owners of parent dropped 31.4% to ¥48.0 billion, reflecting ...
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.