Keisei Electric Railway Co (9009) AI Stock Analysis

• Market Cap: ¥646.62B
• Dividend Yield: 0.86%
• Average Volume (3M): 1.91M
• Price to Earnings (P/E): 8.9
• Beta (1Y): 0.81
• Revenue Growth: 5.92%
• EPS Growth: -21.51%
• Country: JP
• Employees: 12,283
• Sector: Industrials
• Sector Strength: 86
• Industry: Railroads
• EPS (TTM): 26.37
• Shares Outstanding: 517,233,600
• 10 Day Avg. Volume: 2,054,330
• 30 Day Avg. Volume: 1,911,953
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥1,495.95
• Price Target Upside: 17.47% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 65 Neutral
• Price Target: ¥1,340.00 ▲(5.22%Upside)

Keisei Electric Railway Co's strong financial performance and attractive valuation are key strengths, indicating robustness and potential undervaluation. However, technical analysis points to bearish momentum, suggesting caution in the short term. The absence of earnings call data and corporate events does not negatively impact the score.

Keisei Electric Railway Co Business Overview & Revenue Model

Company Description

Keisei Electric Railway Co., Ltd., established in 1909, is a prominent Japanese railway operator headquartered in Tokyo, Japan. The company primarily operates railway transportation services, connecting the Greater Tokyo Area with Narita International Airport and other key locations. In addition to its core railway operations, Keisei Electric Railway is involved in various sectors including real estate, hotel management, and bus services, thereby diversifying its portfolio and enhancing its service offerings.

How the Company Makes Money

Keisei Electric Railway Co. generates revenue through multiple streams primarily centered around its transportation services. The company's main source of income comes from passenger fares on its railway and bus networks. Additionally, the company earns significant revenue from its real estate operations, which include leasing and development of properties around its railway stations, thereby capitalizing on the strategic locations of its assets. The company also derives income from its hospitality operations, which include hotel management services catering to travelers and business guests. Moreover, Keisei Electric Railway collaborates with various partners and stakeholders to enhance its service offerings and infrastructure, contributing to its revenue growth.

Keisei Electric Railway Co Financial Statement Overview

Summary

Keisei Electric Railway Co shows robust financial health with strong revenue and profit recovery. The income statement reflects solid margins and revenue growth, while the balance sheet indicates moderate leverage and good equity utilization. However, cash flow management presents challenges due to high capital expenditures and decreased operating cash flow.

Income Statement

Keisei Electric Railway Co has shown a strong recovery in revenue and profitability over recent years. The company increased its total revenue from ¥214,157 million in 2022 to ¥319,314 million in 2025. The gross profit margin improved to 27.77% in 2025, and the net profit margin stood at 21.9%, reflecting efficient cost management and robust demand. However, EBIT and EBITDA margins have been slightly volatile, with EBIT margin at 11.28% and EBITDA margin at 42.59% in 2025, indicating room for operational efficiency improvements.

Balance Sheet

Keisei Electric Railway Co maintains a stable balance sheet with a debt-to-equity ratio of 0.65 in 2025, indicating moderate leverage. The equity ratio is 46.52%, showing a healthy reliance on equity financing. Return on equity improved significantly to 13.74% in 2025, reflecting strong profitability. However, the company's total liabilities have increased over the years, which could pose a risk if revenue growth slows.

Cash Flow

The cash flow analysis shows a mixed performance. Operating cash flow has decreased from ¥60,045 million in 2024 to ¥41,149 million in 2025, and free cash flow turned negative at ¥-22,048 million in 2025, largely due to high capital expenditures. The operating cash flow to net income ratio is 0.59, suggesting a need to enhance cash generation efficiency, while the free cash flow to net income ratio indicates challenges in covering investments with operational earnings.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	319.31B	296.51B	252.34B	214.16B	207.76B
Gross Profit	88.69B	74.72B	54.16B	33.12B	18.66B
EBITDA	136.00B	157.85B	41.85B	29.97B	359.00M
Net Income	69.96B	87.66B	26.93B	-4.44B	-30.29B
Balance Sheet
Total Assets	1.09T	1.06T	965.57B	900.35B	900.70B
Cash, Cash Equivalents and Short-Term Investments	51.53B	82.46B	34.61B	25.51B	29.13B
Total Debt	329.40B	364.69B	359.82B	339.65B	327.59B
Total Liabilities	569.46B	595.05B	554.63B	512.64B	504.65B
Stockholders Equity	508.99B	451.62B	394.91B	369.76B	378.64B
Cash Flow
Free Cash Flow	-22.05B	5.51B	14.41B	-9.40B	-24.07B
Operating Cash Flow	41.15B	60.05B	47.24B	28.83B	9.28B
Investing Cash Flow	-9.24B	28.14B	-29.50B	-33.76B	-28.68B
Financing Cash Flow	-62.87B	-40.26B	-20.92B	1.24B	21.50B

Keisei Electric Railway Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1273.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9009, the sentiment is Neutral. The current price of 1273.5 is above the 20-day moving average (MA) of 1264.90, below the 50-day MA of 1328.58, and below the 200-day MA of 1393.52, indicating a neutral trend. The MACD of -19.12 indicates Negative momentum. The RSI at 44.43 is Neutral, neither overbought nor oversold. The STOCH value of 52.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9009.

Keisei Electric Railway Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9044	74 Outperform	¥280.48B	11.99		1.79%	7.02%	-11.48%
Sector *	71 Outperform	¥257.47B	14.37	8.45%	2.83%	6.40%	12.21%
9001	70 Outperform	$520.46B	10.29	9.28%	2.02%	-0.71%	8.75%
9021	70 Neutral	$1.60T	14.16	9.93%	2.15%	4.46%	18.26%
9142	68 Neutral	$581.49B	13.27	9.60%	2.51%	8.09%	14.00%
9009	65 Neutral	¥646.62B	8.94	14.30%	0.86%	5.92%	-21.51%
9007	62 Neutral	¥599.35B	11.36	10.86%	2.48%	3.14%	-35.02%

Keisei Electric Railway Co Corporate Events

Keisei Electric Railway Records Extraordinary Income Post-Merger

Keisei Electric Railway Co., Ltd. announced the recording of extraordinary income following the absorption merger of its wholly-owned subsidiary, Shin-Keisei Electric Railway Co., Ltd., effective April 1, 2025. This merger resulted in a gain of 19,208 million yen due to the extinguishment of tie-in shares, which will not impact the consolidated financial results for the fiscal year ending March 31, 2026.

The most recent analyst rating on (JP:9009) stock is a Hold with a Yen1590.00 price target. To see the full list of analyst forecasts on Keisei Electric Railway Co stock, see the JP:9009 Stock Forecast page.

Keisei Electric Railway Reports Q1 2025 Financial Results

Keisei Electric Railway Co., Ltd. reported its consolidated financial results for the three months ended June 30, 2025, showing a 3.8% increase in operating revenues compared to the previous year. However, the company experienced declines in operating profit, ordinary profit, and profit attributable to owners of the parent, indicating challenges in maintaining profitability despite revenue growth. The company also completed a three-for-one stock split on January 1, 2025, affecting earnings per share calculations.

The most recent analyst rating on (JP:9009) stock is a Hold with a Yen1590.00 price target. To see the full list of analyst forecasts on Keisei Electric Railway Co stock, see the JP:9009 Stock Forecast page.

Keisei Electric Railway Issues 64th Series of Unsecured Bonds

Keisei Electric Railway Co., Ltd. has announced the issuance of its 64th series of unsecured straight bonds, amounting to 10 billion yen, with an interest rate of 1.852% per annum and a redemption term of nine years. This strategic financial move is aimed at strengthening the company’s capital structure, potentially enhancing its market position and offering a stable investment opportunity to stakeholders.

The most recent analyst rating on (JP:9009) stock is a Hold with a Yen1670.00 price target. To see the full list of analyst forecasts on Keisei Electric Railway Co stock, see the JP:9009 Stock Forecast page.

Keisei Electric Railway Unveils Medium-Term ‘D2 Plan’

Keisei Electric Railway Co., Ltd. has announced its medium-term business plan, the ‘D2 Plan,’ covering fiscal years 2025 to 2027. This plan is a continuation of their long-term ‘D Plan’ aiming for completion by fiscal 2030, and it signifies the company’s strategic efforts to enhance its operational and market positioning.

The most recent analyst rating on (JP:9009) stock is a Hold with a Yen1670.00 price target. To see the full list of analyst forecasts on Keisei Electric Railway Co stock, see the JP:9009 Stock Forecast page.

Keisei Electric Railway Announces Leadership Changes to Strengthen Management

Keisei Electric Railway Co., Ltd. announced changes in its leadership structure, with Toshiya Kobayashi transitioning from President to Chairman, and Takao Amano stepping in as the new President. This shift aims to strengthen the company’s management framework to achieve its mid-term objectives under the D2 Plan, focusing on enhancing airport access and resilience to external changes.

The most recent analyst rating on (JP:9009) stock is a Hold with a Yen1670.00 price target. To see the full list of analyst forecasts on Keisei Electric Railway Co stock, see the JP:9009 Stock Forecast page.

Keisei Electric Railway Announces 2026 Earnings and Dividend Forecast

Keisei Electric Railway Co., Ltd. has announced its consolidated earnings and dividend forecast for the fiscal year ending March 31, 2026. The company projects operating revenues of 331,600 million yen and a profit attributable to owners of 42,500 million yen, reflecting their assessment of current economic conditions and energy costs. The dividend forecast has been set at 18.00 yen per share, an increase from the previous year’s ordinary dividend, aligning with their policy of returning profits to shareholders while ensuring business growth.

The most recent analyst rating on (JP:9009) stock is a Hold with a Yen1670.00 price target. To see the full list of analyst forecasts on Keisei Electric Railway Co stock, see the JP:9009 Stock Forecast page.

Keisei Electric Railway Reports 2025 Financial Results with Strategic Adjustments

Keisei Electric Railway Co., Ltd. reported its consolidated financial results for the fiscal year ending March 31, 2025, showing a 7.7% increase in operating revenues to ¥319,314 million. Despite a significant rise in operating and ordinary profits, the profit attributable to owners of the parent decreased by 20.2% to ¥69,961 million. The company conducted a three-for-one stock split and announced a special dividend, reflecting its strategic financial adjustments. The company is also examining the impact of various economic factors on its future earnings forecast, which will be disclosed alongside its new medium-term management plan.

Keisei Electric Railway Announces Increased Dividend Payout

Keisei Electric Railway Co., Ltd. announced an increased dividend payout for the fiscal year ended March 31, 2025, raising the year-end dividend per share from 11 yen to 15 yen. This decision reflects the company’s policy of returning profits to shareholders while maintaining reserves for future growth, and it highlights the company’s strong financial performance and commitment to shareholder value.