Nankai Electric Railway Co., Ltd. (JP:9044)
:9044
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Nankai Electric Railway Co., Ltd.
(9044)
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Rating:78Outperform
Price Target:
¥3,618.00
▲(21.63% Upside)
Action:ReiteratedDate:10/23/25
Nankai Electric Railway Co., Ltd. benefits from strong technical indicators and solid financial performance, though high debt and cash flow volatility are concerns. Valuation is reasonable, supporting a positive outlook.
Positive Factors
Improving margins & profitability
Nankai has materially improved gross and net margins through cost management and operational efficiencies across its rail and non-rail operations. Sustained margin gains increase durable earnings power, support reinvestment in stations/real estate, and strengthen long-term cash flow generation capacity.
Negative Factors
High absolute debt levels
Despite ratio improvements, elevated absolute debt increases interest and refinancing risk and constrains strategic flexibility. In a capital-intensive rail and real-estate business, persistent high leverage can reduce room for large projects, limit buffer for demand shocks, and raise sensitivity to rising rates.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving margins & profitability
Nankai has materially improved gross and net margins through cost management and operational efficiencies across its rail and non-rail operations. Sustained margin gains increase durable earnings power, support reinvestment in stations/real estate, and strengthen long-term cash flow generation capacity.
Read all positive factors
Nankai Electric Railway Co., Ltd. (9044) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥344.63B
Dividend Yield1.61%
Average Volume (3M)585.52K
Price to Earnings (P/E)9.9
Beta (1Y)0.56
Revenue Growth6.55%
EPS Growth-12.49%
CountryJP
Employees8,919
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)74.67
Shares Outstanding108,465,744
10 Day Avg. Volume438,500
30 Day Avg. Volume585,523
Financial Highlights & Ratios
PEG Ratio-2.07
Price to Book (P/B)0.89
Price to Sales (P/S)1.06
P/FCF Ratio37.15
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)¥280.27B
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 generates earnings through multiple business segments tied to moving people and monetizing its rail corridor. (1) Transportation/railway operations: The company earns revenue primarily from passenger fares (commuter and lei...
Nankai Electric Railway Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
75
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 263.78B | 260.79B | 241.59B | 221.28B | 201.79B | 190.81B |
| Gross Profit | 44.50B | 42.68B | 37.89B | 27.75B | 18.86B | 12.36B |
| EBITDA | 66.76B | 66.05B | 64.80B | 50.72B | 41.01B | 32.66B |
| Net Income | 23.38B | 22.50B | 23.93B | 14.62B | 4.02B | -1.86B |
Balance Sheet | ||||||
| Total Assets | 991.86B | 976.88B | 950.65B | 935.11B | 920.98B | 962.23B |
| Cash, Cash Equivalents and Short-Term Investments | 43.22B | 43.08B | 43.29B | 38.41B | 36.97B | 41.86B |
| Total Debt | 448.96B | 435.82B | 433.49B | 475.85B | 483.73B | 507.34B |
| Total Liabilities | 657.37B | 648.65B | 643.54B | 660.52B | 660.26B | 703.66B |
| Stockholders Equity | 317.20B | 311.21B | 292.58B | 261.12B | 248.00B | 246.50B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.47B | 31.83B | 6.14B | 18.64B | -15.42B |
| Operating Cash Flow | 0.00 | 43.81B | 62.22B | 39.09B | 41.88B | 21.34B |
| Investing Cash Flow | 0.00 | -39.30B | -10.53B | -26.30B | -19.67B | -33.27B |
| Financing Cash Flow | 0.00 | -4.79B | -46.83B | -11.34B | -27.03B | 35.82B |
Nankai Electric Railway Co., Ltd. Technical Analysis
Positive
2974.50
Price Trends
3031.21
Positive
2968.72
Positive
2743.62
Positive
Market Momentum
55.21
Negative
53.65
Neutral
50.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9044, the sentiment is Positive. The current price of 2974.5 is below the 20-day moving average (MA) of 3108.05, below the 50-day MA of 3031.21, and above the 200-day MA of 2743.62, indicating a bullish trend. The MACD of 55.21 indicates Negative momentum. The RSI at 53.65 is Neutral, neither overbought nor oversold. The STOCH value of 50.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥344.63B | 9.85 | ― | 1.61% | 6.55% | -12.49% | |
73 Outperform | ¥249.51B | 4.69 | 12.70% | 1.68% | 8.29% | 24.94% | |
72 Outperform | ¥611.07B | 8.33 | 13.92% | 1.50% | 6.30% | -16.29% | |
66 Neutral | ¥1.42T | 10.37 | 11.29% | 3.00% | 5.48% | 33.67% | |
65 Neutral | ¥609.91B | 12.46 | 8.51% | 2.96% | -2.82% | -50.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥576.94B | 5.46 | 9.94% | 2.49% | 1.72% | 10.19% |
* Industrials Sector Average
JP:9044
Nankai Electric Railway Co., Ltd.
3,140.00
776.37
32.85%
JP:9009
Keisei Electric Railway Co
1,197.50
-183.41
-13.28%
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1,690.50
155.36
10.12%
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2,937.50
406.93
16.08%
JP:9021
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185.11
6.26%
JP:9031
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1,045.91
49.59%
Nankai Electric Railway Co., Ltd. Corporate Events
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...
Nankai Electric Railway Completes Nearly ¥12 Billion Share Buyback
Feb 2, 2026
Nankai Electric Railway has completed a share buyback program authorized by its board on July 30, 2025, purchasing 306,100 common shares for approximately ¥919 million on the Tokyo Stock Exchange between January 1 and January 30, 2026. Under ...
Nankai Electric Railway Releases Q3 FY2025 Financial Supplementary Materials
Jan 29, 2026
Nankai Electric Railway Co., Ltd. released supplementary materials outlining its financial results for the third quarter of the fiscal year ending March 31, 2026 (FY2025). The disclosure, aimed at investors and other stakeholders, provides an over...
Nankai Electric Railway Lifts Nine-Month Profit and Keeps Full-Year Forecast, Dividend Plan Intact
Jan 29, 2026
For the nine months ended 31 December 2025, Nankai Electric Railway reported consolidated operating revenue of ¥195.4 billion, up 4.4% year on year, with operating income rising 17.0% to ¥34.2 billion and profit attributable to owners of...
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.
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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.