Nankai Electric Railway Co., Ltd. (JP:9044)
:9044
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Nankai Electric Railway Co., Ltd.
(9044)
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Rating:62Neutral
Price Target:
¥3,159.00
▲(6.20% Upside)
Action:DowngradedDate:05/02/26
The score is led by improved profitability and a stronger balance sheet, partly offset by volatile cash generation and most-recent negative free cash flow. Technicals are a headwind due to weak momentum and price below key short-term averages, while valuation is reasonable with a modest dividend yield.
Positive Factors
Improved capital structure (lower leverage)
A materially lower debt-to-equity and stronger equity base provide lasting balance-sheet flexibility for a capital‑intensive rail operator. This reduces refinancing risk, increases resilience to demand shocks, and supports discretionary choices such as targeted capex, maintenance spending, or steady shareholder payouts over the medium term.
Negative Factors
Volatile cash generation; recent negative free cash flow
Inconsistent operating cash conversion and a return to negative free cash flow undermine near-term financial flexibility. For a capital-intensive railway, negative FCF increases reliance on financing for capex and maintenance, constrains ability to accelerate deleveraging, and raises sensitivity to lower-than-expected ridership or cost shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved capital structure (lower leverage)
A materially lower debt-to-equity and stronger equity base provide lasting balance-sheet flexibility for a capital‑intensive rail operator. This reduces refinancing risk, increases resilience to demand shocks, and supports discretionary choices such as targeted capex, maintenance spending, or steady shareholder payouts over the medium term.
Read all positive factors
Nankai Electric Railway Co., Ltd. (9044) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥322.86B
Dividend Yield1.61%
Average Volume (3M)585.52K
Price to Earnings (P/E)13.5
Beta (1Y)0.59
Revenue Growth1.51%
EPS Growth14.84%
CountryJP
Employees8,919
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)206.46
Shares Outstanding108,465,744
10 Day Avg. Volume438,500
30 Day Avg. Volume585,523
Financial Highlights & Ratios
PEG Ratio0.93
Price to Book (P/B)1.02
Price to Sales (P/S)1.28
P/FCF Ratio-43.60
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)209.33
Revenue Forecast (FY)¥279.80B
Nankai Electric Railway Co., Ltd. Business Overview & Revenue Model
Company Description
Nankai Electric Railway Co., Ltd. operates as a railway company in Japan. The company operates through Transportation Business, Real Estate Business, Retail Business, Leisure and Services Business, Construction Business, and Other Business. The Tr...
How the Company Makes Money
Nankai Electric Railway primarily makes money by operating passenger railway services and collecting fares (including commuter passes and other ticketing products) across its rail network. In addition to transportation revenue, the company monetiz...
Nankai Electric Railway Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 263.78B | 264.71B | 260.79B | 241.59B | 221.28B | 201.79B |
| Gross Profit | 44.50B | 49.03B | 42.68B | 37.89B | 27.75B | 18.86B |
| EBITDA | 66.76B | 39.95B | 66.05B | 64.80B | 50.72B | 41.01B |
| Net Income | 23.38B | 25.14B | 22.50B | 23.93B | 14.62B | 4.02B |
Balance Sheet | ||||||
| Total Assets | 991.86B | 1.07T | 976.88B | 950.65B | 935.11B | 920.98B |
| Cash, Cash Equivalents and Short-Term Investments | 43.22B | 39.48B | 43.08B | 43.29B | 38.41B | 36.97B |
| Total Debt | 448.96B | 457.45B | 435.82B | 433.49B | 475.85B | 483.73B |
| Total Liabilities | 657.37B | 711.01B | 648.65B | 643.54B | 660.52B | 660.26B |
| Stockholders Equity | 317.20B | 333.52B | 311.21B | 292.58B | 261.12B | 248.00B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -7.78B | 7.47B | 31.83B | 6.14B | 18.64B |
| Operating Cash Flow | 0.00 | 47.53B | 43.81B | 62.22B | 39.09B | 41.88B |
| Investing Cash Flow | 0.00 | -56.83B | -39.30B | -10.53B | -26.30B | -19.67B |
| Financing Cash Flow | 0.00 | 5.98B | -4.79B | -46.83B | -11.34B | -27.03B |
Nankai Electric Railway Co., Ltd. Technical Analysis
Neutral
2974.50
Price Trends
3051.81
Positive
2980.90
Positive
2763.19
Positive
Market Momentum
24.18
Positive
48.15
Neutral
4.19
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9044, the sentiment is Neutral. The current price of 2974.5 is below the 20-day moving average (MA) of 3132.85, below the 50-day MA of 3051.81, and above the 200-day MA of 2763.19, indicating a neutral trend. The MACD of 24.18 indicates Positive momentum. The RSI at 48.15 is Neutral, neither overbought nor oversold. The STOCH value of 4.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9044.
Nankai Electric Railway Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥224.36B | 4.69 | 12.70% | 1.68% | 10.76% | 37.39% | |
72 Outperform | ¥569.95B | 8.33 | 13.92% | 1.50% | 5.33% | -53.05% | |
65 Neutral | ¥570.73B | 12.46 | 8.51% | 2.96% | -2.47% | -52.33% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥322.86B | 13.49 | ― | 1.61% | 1.51% | 14.84% | |
62 Neutral | ¥1.30T | 11.26 | 11.29% | 3.00% | 8.07% | 15.81% | |
57 Neutral | ¥560.28B | 10.08 | 9.94% | 2.49% | 3.80% | 11.82% |
* Industrials Sector Average
JP:9044
Nankai Electric Railway Co., Ltd.
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34.47%
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Nankai Electric Railway Co., Ltd. Corporate Events
Nankai Reshapes Top Management After Railway Spin-Off, Appoints Okajima as CEO
Apr 30, 2026
Nankai Co., Ltd. has announced a leadership change in conjunction with its new group management structure following the spin-off of its railway business in April 2026. The Board has resolved to appoint Representative Director and President Okajima...
NANKAI Raises Profit and ROE Targets in Medium-term Plan Revision
Apr 30, 2026
NANKAI Co., Ltd. has revised the financial targets in its NANKAI Group Medium-term Management Plan for fiscal years 2025 to 2027, signaling a more optimistic earnings outlook. The company now aims for operating income of at least 42.0 billion yen ...
Nankai Co. Releases FY2025 Results and FY2026 Outlook
Apr 30, 2026
Nankai Co., Ltd. released supplementary materials detailing its financial results for the fiscal year ended March 31, 2026, including performance highlights, segment results, non-operating and extraordinary items, and the status of assets, liabili...
Nankai Lifts Dividend as Revenue Rises, Forecasts Slower Profit Growth
Apr 30, 2026
Nankai Co., Ltd. reported a modest 1.5% rise in consolidated operating revenue to ¥264.7 billion for the fiscal year ended March 31, 2026, with operating income up 15.2% and ordinary income up 6.1%, while profit attributable to owners of pare...
Nankai Subsidiary Cuts Sales Outlook but Lifts Profit Forecast, Leaving Parent’s Guidance Intact
Apr 27, 2026
NANKAI Co., Ltd. announced that its construction subsidiary, Nankai Tatsumura Construction Co., Ltd., has revised its performance forecasts for the fiscal year ended March 31, 2026, based on recent business trends, but confirmed that these changes...
Nankai Electric Railway Overhauls Shareholder Perks to Reward Long-Term Investors
Mar 30, 2026
Nankai Electric Railway has approved significant revisions to its shareholder benefits program aimed at promoting long-term share ownership and strengthening ties between investors, the company, and communities along its railway lines. The changes...
Nankai Electric Railway to Cancel 4.35% of Outstanding Shares
Mar 18, 2026
Nankai Electric Railway Co., Ltd. has resolved to cancel 4,936,700 of its common treasury shares, representing 4.35% of its issued shares prior to the move, under Article 178 of the Companies Act. The cancellation, scheduled for March 30, 2026, wi...
Nankai Electric Railway Overhauls Executive Lineup Ahead of 2026 Spin-Off
Feb 27, 2026
Nankai Electric Railway Co., Ltd., which plans to spin off its railway business and rebrand as NANKAI Co., Ltd. in April 2026, has announced a broad reshuffle of corporate officers, including the appointment of five new corporate officers drawn fr...
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.