Kintetsu Group Holdings Co (9041) AI Stock Analysis

• Market Cap: ¥609.92B
• Dividend Yield: 1.82%
• Average Volume (3M): 698.82K
• Price to Earnings (P/E): 12.5
• Beta (1Y): 0.55
• Revenue Growth: 3.90%
• EPS Growth: 5.62%
• Country: JP
• Employees: 44,318
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 68.12
• Shares Outstanding: 190,662,060
• 10 Day Avg. Volume: 804,420
• 30 Day Avg. Volume: 698,816
• PEG Ratio: -4.60
• Price to Book (P/B): 1.11
• Price to Sales (P/S): 0.35
• P/FCF Ratio: 180.50
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: ¥3,473.00 ▲(8.70% Upside)

Kintetsu Group Holdings Co's overall stock score is driven by strong financial performance, despite high leverage and decreasing free cash flow. The technical analysis indicates a bearish trend, while the valuation suggests the stock is reasonably priced. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Diversified Business Model

Kintetsu's revenue base spans rail operations, real estate, retail and tourism, reducing reliance on a single cyclical activity. This multi-segment model supports more predictable cash flows and cross-selling opportunities, strengthening resilience over the medium term.

Revenue and Gross Margin

Consistent revenue growth and a healthy gross margin indicate the company can scale core operations while retaining pricing or cost advantages. These trends support sustainable operating profits and investment capacity across its transport and property businesses over the next several quarters.

Operating Cash Generation

Strong operating cash conversion versus net income shows the core business generates real cash. That cashability supports capital expenditures for network upkeep, service continuity and dividend capacity, even if free cash flow has recently moderated.

Negative Factors

High Leverage

A debt-to-equity ratio well above 2 implies sizable leverage that can constrain strategic flexibility. High fixed obligations raise refinancing and interest-rate sensitivity, limiting capacity for capex, acquisitions or rapid dividend increases without deleveraging.

Weak Free Cash After Capex

Very low free cash flow relative to net income indicates most earnings are absorbed by capex or working capital. This reduces available cash for debt reduction, shareholder returns or strategic investments, making financial improvements dependent on structural cash recovery.

Modest Net Profitability

Thin net margins and modest operating profitability limit retained earnings and ROE upside. With limited margin buffer, the company is more exposed to cost inflation or revenue shocks, reducing its ability to fund growth internally or rapidly improve shareholder returns.

Kintetsu Group Holdings Co Business Overview & Revenue Model

Company Description

Kintetsu Group Holdings Co.,Ltd. engages in the transportation, real estate, distribution, hotel, and leisure businesses in Japan and internationally. The company offers railway, bus and taxi, logistics, marine, and other transportation services. It is also involved in the sale, leasing, and renovation of real estate properties; and solar and agricultural businesses. In addition, the company operates department stores; stores; convenience stores, cafes, drug stores, general merchandise stores, supermarkets, etc.; restaurants and others in the service and parking areas of expressways; and hotels under the Miyako Hotels & Resorts brand, as well as resorts and leisure facilities. Further, it engages in the tourism, travel, manufacturing and construction, and other service businesses. The company was formerly known as Kintetsu Corporation and changed its name to Kintetsu Group Holdings Co.,Ltd. in April 2015. Kintetsu Group Holdings Co.,Ltd. was founded in 1910 and is headquartered in Osaka, Japan.

How the Company Makes Money

Kintetsu Group Holdings generates revenue through multiple streams, predominantly from its railway operations, which include passenger fares and freight services. The company also earns money through its real estate sector, which involves leasing and managing commercial properties, shopping malls, and hotels. Retail operations contribute significantly to its earnings, with the company operating various department stores and specialty shops. Additionally, Kintetsu Group benefits from its tourism-related services, offering travel packages and experiences that capitalize on its transportation network and regional attractions. Strategic partnerships with local governments and businesses further enhance its revenue potential, especially in tourism and community development initiatives.

Kintetsu Group Holdings Co Financial Statement Overview

Summary

Kintetsu Group Holdings Co shows strong revenue growth and good operational margins. However, high leverage poses financial risks, and a significant decrease in free cash flow is concerning. The company should focus on reducing debt to mitigate risk.

Income Statement

Kintetsu Group Holdings Co has shown solid revenue growth with a 6.9% increase from 2024 to 2025. The gross profit margin is robust at 18.43% for 2025, indicating good cost management. However, net profit margin decreased slightly to 2.68%, reflecting higher operational costs or non-operating expenses. EBIT and EBITDA margins are at 4.79% and 10.14%, respectively, showing operational profitability but room for improvement.

Balance Sheet

The company's debt-to-equity ratio stands at 2.44, indicating high leverage, which could pose financial risk. The return on equity is modest at 8.59%, showing average profitability for shareholders. The equity ratio is 21.70%, suggesting a moderate reliance on equity financing. Stability is present, but high debt levels are a concern.

Cash Flow

Operating cash flow to net income ratio is strong at 1.92, indicating efficient cash generation relative to net earnings. Free cash flow is positive, although it decreased significantly from the previous year. The free cash flow to net income ratio is low at 0.07, suggesting limited cash available after capital expenditures.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.75T	1.74T	1.63T	1.56T	691.51B	697.20B
Gross Profit	323.14B	321.01B	312.72B	255.01B	118.57B	64.87B
EBITDA	165.24B	176.59B	164.12B	181.78B	110.80B	-20.85B
Net Income	44.79B	46.72B	48.07B	88.78B	42.76B	-60.19B
Balance Sheet
Total Assets	2.48T	2.51T	2.45T	2.42T	1.90T	1.96T
Cash, Cash Equivalents and Short-Term Investments	221.40B	265.69B	272.56B	222.09B	78.90B	76.97B
Total Debt	1.23T	1.33T	1.32T	1.36T	1.09T	1.22T
Total Liabilities	1.86T	1.89T	1.87T	1.92T	1.47T	1.62T
Stockholders Equity	544.48B	544.13B	519.25B	441.85B	378.62B	320.60B
Cash Flow
Free Cash Flow	0.00	3.36B	93.76B	101.48B	24.37B	-80.12B
Operating Cash Flow	0.00	89.73B	150.51B	133.99B	57.55B	-25.47B
Investing Cash Flow	0.00	-82.79B	-56.30B	-41.85B	44.26B	-46.01B
Financing Cash Flow	0.00	-17.87B	-72.00B	44.82B	-102.92B	107.90B

Kintetsu Group Holdings Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3195.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9041, the sentiment is Positive. The current price of 3195 is above the 20-day moving average (MA) of 3190.20, above the 50-day MA of 3051.55, and above the 200-day MA of 2949.20, indicating a bullish trend. The MACD of 41.77 indicates Positive momentum. The RSI at 58.56 is Neutral, neither overbought nor oversold. The STOCH value of 30.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9041.

Kintetsu Group Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9008	72 Outperform	¥436.81B	11.67	9.06%	2.62%	6.97%	8.61%
9042	70 Outperform	¥1.03T	14.02	6.64%	2.07%	11.89%	-3.98%
9024	67 Neutral	¥1.06T	5.40	―	1.05%	85.03%	198.15%
9048	66 Neutral	¥339.71B	12.37	―	2.26%	6.13%	-23.73%
9041	64 Neutral	¥609.92B	12.54	8.64%	1.82%	3.90%	5.62%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9010	60 Neutral	¥108.85B	20.60	―	1.40%	4.80%	30.05%

Kintetsu Group Holdings Co Corporate Events

Kintetsu Group to Adopt Audit and Supervisory Committee Structure to Strengthen Governance

Kintetsu Group Holdings has resolved to transition to a governance structure with an Audit and Supervisory Committee, subject to shareholder approval at its June 2026 ordinary general meeting. The move is positioned as a key measure under the company’s Medium-Term Management Plan 2028 to strengthen corporate governance by enhancing the supervisory function of the Board of Directors, granting voting rights to officers with oversight roles including external directors, and expanding management’s delegated authority for quicker, more agile decision-making. By reallocating board time toward medium- to long-term strategy and other critical matters, Kintetsu expects the new structure to support sustainable corporate value creation and future growth, with detailed changes to its Articles of Incorporation and officer structure to be announced once finalized.

The most recent analyst rating on (JP:9041) stock is a Hold with a Yen3157.00 price target. To see the full list of analyst forecasts on Kintetsu Group Holdings Co stock, see the JP:9041 Stock Forecast page.

Kintetsu Group Maintains Support for Nagoya Redevelopment Amid Schedule Changes

Kintetsu Group Holdings Co., Ltd. announced its continued support for the Nagoya Station District Redevelopment Project, despite a schedule change and re-examination of the current plan by Nagoya Railroad Co., Ltd. The company confirmed that the closure of the Nagoya Store (Kintetsu Pass’e) and related matters remain unchanged, and there are no revisions to its financial forecast as a result of these developments.

The most recent analyst rating on (JP:9041) stock is a Hold with a Yen3157.00 price target. To see the full list of analyst forecasts on Kintetsu Group Holdings Co stock, see the JP:9041 Stock Forecast page.

Kintetsu Group Enhances Shareholder Benefit Program

Kintetsu Group Holdings Co., Ltd. has announced enhancements to its Shareholder Benefit Program as part of its Medium-Term Management Plan 2028. The changes include a new Long-term Shareholder Special Benefit Program, offering additional benefits to shareholders who hold 300 or more shares for three years or longer, and the introduction of a minimum holding period condition. These enhancements aim to increase the investment appeal of the company’s shares and express appreciation to long-term shareholders.

The most recent analyst rating on (JP:9041) stock is a Hold with a Yen3157.00 price target. To see the full list of analyst forecasts on Kintetsu Group Holdings Co stock, see the JP:9041 Stock Forecast page.

Kintetsu Group Holdings Reports Modest Revenue Growth and Revised Earnings Forecast

Kintetsu Group Holdings Co. reported a slight increase in operating revenue for the six months ending September 30, 2025, with a 0.3% rise to ¥856,315 million. The company saw improvements in operating profit and profit attributable to owners, indicating a positive trajectory despite a challenging market environment. The equity ratio also saw a modest increase, reflecting a stable financial position. The company has revised its earnings forecasts for the fiscal year ending March 31, 2026, signaling cautious optimism about future performance.

The most recent analyst rating on (JP:9041) stock is a Hold with a Yen3157.00 price target. To see the full list of analyst forecasts on Kintetsu Group Holdings Co stock, see the JP:9041 Stock Forecast page.