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Kintetsu Group Holdings Co
(9041)
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Rating:62Neutral
Price Target:
¥3,768.00
▲(8.31% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily held back by financial quality—especially inconsistent cash flow with negative free cash flow in the latest year and a still-leveraged balance sheet—despite a solid earnings recovery. Technicals add support through a clear uptrend above major moving averages and positive momentum, while valuation (P/E ~12.3 with a ~1.7% yield) is reasonably attractive but not exceptional.
Positive Factors
Integrated rail and real-estate business model
Kintetsu’s station-centric model ties rail operations to property development, retail and hotels, creating recurring rental and retail cash flows and captive demand. That vertical integration stabilizes revenues, boosts synergies around stations, and supports durable competitive positioning over months to years.
Negative Factors
Persistently high leverage
Debt a bit above 2x equity remains elevated and limits strategic flexibility. High leverage increases vulnerability to weaker earnings or rising interest rates, constraining capacity for opportunistic investments or large redevelopment projects without additional financing or deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated rail and real-estate business model
Kintetsu’s station-centric model ties rail operations to property development, retail and hotels, creating recurring rental and retail cash flows and captive demand. That vertical integration stabilizes revenues, boosts synergies around stations, and supports durable competitive positioning over months to years.
Read all positive factors
Kintetsu Group Holdings Co (9041) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥672.50B
Dividend Yield1.7%
Average Volume (3M)698.82K
Price to Earnings (P/E)12.4
Beta (1Y)0.50
Revenue Growth1.93%
EPS Growth22.25%
CountryJP
Employees44,759
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)287.95
Shares Outstanding190,662,060
10 Day Avg. Volume804,420
30 Day Avg. Volume698,816
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)1.00
Price to Sales (P/S)0.35
P/FCF Ratio-18.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,133.33Price Target Upside18.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)255.93
Revenue Forecast (FY)¥1.87T
Kintetsu Group Holdings Co Business Overview & Revenue Model
Company Description
Kintetsu Group Holdings Co.,Ltd. operates a diverse portfolio of businesses spanning transportation, property development, retail, hospitality, and leisure sectors, both within Japan and globally. Its transportation division encompasses services s...
How the Company Makes Money
Kintetsu Group Holdings makes money through multiple operating segments managed by its consolidated subsidiaries. A core revenue stream is transportation: it earns passenger fare revenue from operating railway services and related transport offeri...
Kintetsu Group Holdings Co Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
54
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.78T | 1.75T | 1.74T | 1.63T | 1.56T | 691.51B |
| Gross Profit | 329.55B | 326.67B | 321.01B | 312.72B | 255.01B | 118.57B |
| EBITDA | 186.37B | 184.68B | 176.59B | 164.12B | 181.78B | 110.80B |
| Net Income | 54.75B | 53.77B | 46.72B | 47.81B | 88.78B | 42.76B |
Balance Sheet | ||||||
| Total Assets | 2.61T | 2.59T | 2.51T | 2.45T | 2.42T | 1.90T |
| Cash, Cash Equivalents and Short-Term Investments | 189.66B | 220.57B | 265.69B | 272.56B | 222.09B | 78.90B |
| Total Debt | 1.29T | 1.33T | 1.33T | 1.32T | 1.36T | 1.09T |
| Total Liabilities | 1.93T | 1.90T | 1.89T | 1.87T | 1.92T | 1.47T |
| Stockholders Equity | 621.35B | 611.71B | 544.13B | 521.81B | 441.85B | 378.62B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -33.78B | 3.36B | 93.76B | 101.48B | 24.37B |
| Operating Cash Flow | 0.00 | 118.09B | 89.73B | 150.51B | 133.99B | 57.55B |
| Investing Cash Flow | 0.00 | -138.89B | -82.79B | -56.30B | -41.85B | 69.10B |
| Financing Cash Flow | 0.00 | -19.93B | -17.87B | -72.00B | 44.82B | -127.75B |
Kintetsu Group Holdings Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥316.78B | 9.55 | 10.34% | 3.03% | 9.62% | 21.02% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥672.50B | 12.36 | 9.33% | 1.70% | 1.93% | 22.25% | |
62 Neutral | ¥442.44B | 10.62 | 9.84% | 2.62% | 9.62% | 9.03% | |
57 Neutral | ¥1.11T | 13.68 | 7.27% | 2.01% | 6.77% | 21.90% | |
55 Neutral | ¥366.65B | 12.82 | ― | 2.26% | -1.89% | -15.16% | |
48 Neutral | ¥847.42B | 20.43 | ― | 1.05% | -41.04% | -82.38% |
* Industrials Sector Average
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Kintetsu Group Holdings Co Corporate Events
Kintetsu Group Holdings Delivers Higher Q1 Earnings and Expands Group Structure
Aug 10, 2026
Kintetsu Group Holdings reported consolidated operating revenue of ¥460.5 billion for the quarter ended June 30, 2026, a 7.7% increase year on year, with operating profit rising 5.2% to ¥23.1 billion and ordinary profit up 1.8% to ¥...
Kintetsu Group boosts Q1 profits and hikes dividend despite cautious outlook
Aug 10, 2026
Kintetsu Group Holdings reported consolidated operating revenue of ¥460.5 billion for the quarter ended June 30, 2026, up 7.7% year on year, with operating profit rising 5.2% to ¥23.1 billion and profit attributable to owners of parent c...
Kintetsu Group Completes Treasury Share Disposal for Restricted Stock Plan
Jul 17, 2026
Kintetsu Group Holdings has completed the payment procedures for the disposal of treasury shares used as restricted stock compensation for its management. The move follows a June 19 board resolution and involves issuing 10,500 common shares at 3,3...
Kintetsu Department Store Lifts Earnings Outlook as Parent Holds Group Guidance
Jul 10, 2026
Kintetsu Group Holdings has announced that its consolidated subsidiary, Kintetsu Department Store Co., has revised upward its interim and full-year forecasts for the fiscal year ending February 28, 2027, while the parent company’s consolidat...
Kintetsu Group Uses Treasury Shares for Long-Term Restricted Stock Pay
Jun 19, 2026
Kintetsu Group Holdings has approved the disposal of 10,500 treasury shares as restricted stock, valued at a total of 35.53 million yen, to directors and certain officers as part of its share-based compensation scheme. The shares, priced at 3,384 ...
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.