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Nankai Electric Railway Co., Ltd.
(9044)
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Rating:62Neutral
Price Target:
¥3,009.00
▲(1.16% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by improved profitability and a notably stronger balance sheet, offset by volatile and recently negative free cash flow. Technicals are moderately weak with the stock below key moving averages and soft momentum indicators, while valuation is supportive with a reasonable P/E and modest dividend yield.
Positive Factors
Diversified rail-led business model
Nankai’s integrated model links rail operations with real estate and retail, creating recurring cross-segment demand. That structural ecosystem captures value from commuting and沿線 development, supporting more stable, diversified cash flows and demand resilience over multi-year horizons.
Negative Factors
Volatile, recently negative free cash flow
Free cash flow volatility and a return to negative FCF in 2026 reduce near-term capacity for organic investment, deleveraging, or higher payouts. For a capital-intensive rail operator, inconsistent cash conversion makes multi-year planning and sustained capex funding more dependent on steady operational recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified rail-led business model
Nankai’s integrated model links rail operations with real estate and retail, creating recurring cross-segment demand. That structural ecosystem captures value from commuting and沿線 development, supporting more stable, diversified cash flows and demand resilience over multi-year horizons.
Read all positive factors
Nankai Electric Railway Co., Ltd. (9044) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥324.10B
Dividend Yield1.67%
Average Volume (3M)585.52K
Price to Earnings (P/E)12.8
Beta (1Y)0.53
Revenue Growth3.35%
EPS Growth12.80%
CountryJP
Employees9,408
SectorGeneral
Sector StrengthN/A
IndustryRailroads
Share Statistics
EPS (TTM)233.58
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)224.29
Revenue Forecast (FY)¥288.13B
Nankai Electric Railway Co., Ltd. Business Overview & Revenue Model
Company Description
Nankai Electric Railway Co., Ltd. is a Japanese corporation primarily involved in rail operations. Its diversified operations span several key sectors, including transportation, real estate, retail, leisure and services, construction, and other ve...
How the Company Makes Money
Nankai Electric Railway earns revenue through multiple, mutually reinforcing business lines. (1) Transportation (railway and related mobility): The company generates fare revenue from passenger rail services, including commuter traffic and leisure...
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 | 272.62B | 264.71B | 260.79B | 241.59B | 221.28B | 201.79B |
| Gross Profit | 49.25B | 49.03B | 42.68B | 37.89B | 27.75B | 18.86B |
| EBITDA | 62.22B | 70.53B | 66.05B | 64.80B | 50.72B | 41.01B |
| Net Income | 25.39B | 25.14B | 22.50B | 23.93B | 14.62B | 4.02B |
Balance Sheet | ||||||
| Total Assets | 1.06T | 1.07T | 976.88B | 950.65B | 935.11B | 920.98B |
| Cash, Cash Equivalents and Short-Term Investments | 30.93B | 39.48B | 43.08B | 43.29B | 38.41B | 36.97B |
| Total Debt | 478.39B | 457.45B | 435.82B | 433.49B | 475.85B | 483.73B |
| Total Liabilities | 697.46B | 711.01B | 648.65B | 643.54B | 660.52B | 660.26B |
| Stockholders Equity | 344.05B | 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
Negative
2974.50
Price Trends
2844.17
Positive
2930.33
Negative
2916.41
Negative
Market Momentum
12.33
Positive
44.21
Neutral
5.22
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9044, the sentiment is Negative. The current price of 2974.5 is above the 20-day moving average (MA) of 2963.95, above the 50-day MA of 2844.17, and above the 200-day MA of 2916.41, indicating a neutral trend. The MACD of 12.33 indicates Positive momentum. The RSI at 44.21 is Neutral, neither overbought nor oversold. The STOCH value of 5.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9044.
Nankai Electric Railway Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥607.04B | 10.93 | 9.47% | 2.26% | 3.80% | 11.76% | |
66 Neutral | ¥1.37T | 10.81 | 10.79% | 3.28% | 8.07% | 15.55% | |
62 Neutral | ¥324.10B | 12.81 | ― | 1.61% | 3.35% | 12.80% | |
62 Neutral | ¥649.66B | 12.16 | 8.88% | 1.69% | 4.15% | -26.13% | |
58 Neutral | ¥631.74B | 16.31 | 7.55% | 3.17% | -0.94% | -26.46% | |
58 Neutral | ¥246.12B | 7.36 | 12.18% | 1.68% | 6.91% | 58.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9044
Nankai Electric Railway Co., Ltd.
2,852.50
376.79
15.22%
JP:9009
Keisei Electric Railway Co
1,278.00
11.51
0.91%
JP:9007
Odakyu Electric Railway Co
1,688.00
23.27
1.40%
JP:9001
Tobu Railway Co
2,934.50
442.49
17.76%
JP:9021
West Japan Railway Company
2,927.00
-382.47
-11.56%
JP:9031
Nishi-Nippon Railroad Co., Ltd.
2,956.00
758.56
34.52%
Nankai Electric Railway Co., Ltd. Corporate Events
Nankai Appoints Veteran Developer to Drive Greater Namba Urban Vision
Jul 30, 2026
Nankai Electric Railway Co., Ltd., a major Japanese railway and urban development player, is advancing its Greater Namba Vision to boost the value of areas along its lines, particularly around Namba and ahead of the Naniwasuji Line’s opening...
Nankai Electric Railway Releases Q1 FY2026 Results and Reaffirms Full-Year Outlook
Jul 30, 2026
Nankai Electric Railway Co., Ltd. released supplementary materials outlining its financial results for the first quarter of the fiscal year ending March 31, 2027, including performance highlights, segment results, and details on non-operating item...
Nankai Electric Railway Posts Revenue Growth but Faces Margin Pressure in Q1 FY2026
Jul 30, 2026
Nankai Electric Railway Co., Ltd., a major Japanese railway operator listed on the Tokyo Stock Exchange, derives most of its revenue from rail transport and associated businesses along its network. With over ¥1 trillion in total assets and a ...
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.