Keisei Electric Railway Co (9009) AI Stock Analysis

• Market Cap: $708.05B
• Dividend Yield: 0.72%
• Average Volume (3M): 2.64M
• Price to Earnings (P/E): 9.7
• Beta (1Y): 0.83
• Revenue Growth: 7.69%
• EPS Growth: -18.20%
• Country: JP
• Employees: 12,283
• Sector: Industrials
• Sector Strength: 90
• Industry: Railroads
• EPS (TTM): 19.10
• Shares Outstanding: 517,233,600
• 10 Day Avg. Volume: 2,042,120
• 30 Day Avg. Volume: 2,639,546
• PEG Ratio: -0.04
• Price to Book (P/B): 1.72
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 47.10
• 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: $1,497.28
• Price Target Upside: 8.73% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 71 Outperform
• Price Target: ¥1,560.00 ▲(13.29%Upside)

Keisei Electric Railway Co's overall stock score is driven by solid financial performance, particularly in revenue and profit recovery. The stock's valuation is attractive due to a low P/E ratio. However, technical indicators suggest a bearish trend, which slightly offsets the otherwise strong fundamentals.

Keisei Electric Railway Co Business Overview & Revenue Model

Company Description

Keisei Electric Railway Co., Ltd. is a prominent Japanese transportation company primarily engaged in the railway sector. Founded in 1909 and headquartered in Tokyo, Japan, the company operates railway lines in the Greater Tokyo Area, connecting various significant locations including Narita International Airport. In addition to its core railway operations, Keisei Electric Railway is involved in real estate, retail, and leisure businesses, making it a diversified enterprise in the transportation and infrastructure sectors.

How the Company Makes Money

Keisei Electric Railway Co. generates revenue through several key streams. The primary source of income is its railway operations, where it charges passengers for transportation services across its extensive network connecting Tokyo with key destinations like Narita International Airport. In addition to passenger fares, the company earns money through real estate activities, which include leasing and developing properties around its railway stations to capitalize on high foot traffic areas. Retail operations, including shops and kiosks within stations, contribute to its revenue, alongside its leisure business, which encompasses activities such as tourism and hospitality. Strategic partnerships with other transportation and logistics companies further enhance its revenue potential by expanding service offerings and improving operational efficiency.

Keisei Electric Railway Co Financial Statement Overview

Summary

Keisei Electric Railway Co exhibits robust financial health with strong revenue and profit recovery. The income statement shows solid margins and revenue growth. The balance sheet indicates moderate leverage and good equity utilization, but cash flow management presents challenges due to high capital expenditures and decreased operating cash flow, impacting future liquidity if not addressed.

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
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
312.08B	319.31B	296.51B	252.34B	214.16B	207.76B
	Gross Profit
86.14B	88.69B	74.72B	54.16B	33.12B	18.66B
	EBIT
34.26B	36.01B	25.24B	10.23B	-5.20B	-18.06B
	EBITDA
129.15B	136.00B	157.85B	41.85B	29.97B	359.00M
	Net Income Common Stockholders
112.35B	69.96B	87.66B	26.93B	-4.44B	-30.29B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
61.65B	51.53B	82.46B	34.61B	25.51B	29.13B
	Total Assets
1.07T	1.09T	1.06T	965.57B	900.35B	900.70B
	Total Debt
333.45B	329.40B	364.69B	359.82B	339.65B	327.59B
	Net Debt
271.80B	277.87B	282.24B	325.21B	314.13B	298.45B
	Total Liabilities
544.02B	569.46B	595.05B	554.63B	512.64B	504.65B
	Stockholders Equity
507.92B	508.99B	451.62B	394.91B	369.76B	378.64B
Cash Flow		Free Cash Flow
0.00	-22.05B	5.51B	14.41B	-9.40B	-24.07B
	Operating Cash Flow
0.00	41.15B	60.05B	47.24B	28.83B	9.28B
	Investing Cash Flow
0.00	-9.24B	28.14B	-29.50B	-33.76B	-28.68B
	Financing Cash Flow
0.00	-62.87B	-40.26B	-20.92B	1.24B	21.50B

Keisei Electric Railway Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1377.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 1377 is below the 20-day moving average (MA) of 1444.45, below the 50-day MA of 1435.63, and below the 200-day MA of 1421.61, indicating a bearish trend. The MACD of -23.10 indicates Positive momentum. The RSI at 43.90 is Neutral, neither overbought nor oversold. The STOCH value of 36.54 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9009	71 Outperform	$708.05B	9.72	14.35%	0.72%	7.69%	-18.20%
9007	71 Outperform	$602.57B	11.42	10.86%	2.97%	3.14%	-34.88%
9001	70 Outperform	$497.15B	9.82	9.22%	0.02%	-0.71%	8.85%
9021	70 Neutral	¥1.49T	13.15	9.93%	2.92%	4.46%	18.61%
9142	68 Neutral	$592.65B	13.52	9.60%	2.46%	8.09%	14.04%
9044	66 Neutral	¥246.04B	10.93		2.07%	7.94%	-5.97%
Sector *	66 Neutral	$4.52B	12.34	5.41%	3.62%	4.15%	-12.18%

Keisei Electric Railway Co Corporate Events

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.

Keisei Electric Railway Addresses Shareholder Dispute and Plans Future Strategy

Keisei Electric Railway Co. is addressing a disagreement with shareholder Palliser Capital Master Fund Ltd. regarding the nomination of outside directors. Despite Palliser’s claims of non-cooperation, Keisei asserts that it has consistently requested candidate information to evaluate nominations properly. The company remains committed to engaging with shareholders and is planning to conduct interviews with Palliser’s recommended candidates to enhance long-term corporate value. Additionally, Keisei is set to announce its medium-term management plan, the ‘D2 Plan,’ on May 21, 2025.