Keihan Holdings CoLtd (JP:9045)
:9045
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Keihan Holdings Co
(9045)
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Rating:64Neutral
Price Target:
¥3,437.00
▲(2.78% Upside)
Action:Reiterated
Date:05/13/26
The score is driven by a solid earnings and revenue recovery but constrained by negative free cash flow and meaningful leverage. Technical indicators are mildly weak/neutral, while a low P/E and ~3% dividend yield provide a valuation cushion.
Positive Factors
Integrated transit + real estate model
Keihan's transit-oriented business combines rail operations, property development and retail/leisure businesses to create recurring rental income, captive foot traffic and value uplift around stations. This vertical integration generates durable synergies supporting steady demand and diversified cash flows over cycles.
Negative Factors
High leverage
Significant absolute debt and elevated leverage constrain financial flexibility and increase sensitivity to interest rates and cash-flow volatility. The balance sheet depends on sustained earnings and cash conversion to avoid refinancing pressure and to support long-term investments in rail and property.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated transit + real estate model
Keihan's transit-oriented business combines rail operations, property development and retail/leisure businesses to create recurring rental income, captive foot traffic and value uplift around stations. This vertical integration generates durable synergies supporting steady demand and diversified cash flows over cycles.
Read all positive factors
Keihan Holdings Co (9045) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥325.35B
Dividend Yield1.19%
Average Volume (3M)194.07K
Price to Earnings (P/E)9.7
Beta (1Y)0.40
Revenue Growth6.04%
EPS Growth24.61%
CountryJP
Employees6,353
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)275.07
Shares Outstanding106,816,410
10 Day Avg. Volume198,110
30 Day Avg. Volume194,070
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)0.96
Price to Sales (P/S)0.98
P/FCF Ratio-26.24
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)280.64
Revenue Forecast (FY)¥331.25B
Keihan Holdings Co Business Overview & Revenue Model
Company Description
Keihan Holdings Co., Ltd. engages in the transportation and various other businesses in Japan. It operates through five segments: Transportation, Real Estate, Retail Distribution, Leisure and Service, and Others. The Transportation segment primari...
How the Company Makes Money
Keihan Holdings makes money primarily through a portfolio of operating subsidiaries, with earnings generally driven by (1) transportation, (2) real estate, and (3) other lifestyle/service businesses.
1) Transportation (railway and related mobilit...
Keihan Holdings Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
63
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 305.42B | 332.47B | 313.55B | 302.15B | 260.07B | 258.12B |
| Gross Profit | 93.02B | 102.40B | 91.81B | 79.00B | 63.55B | 53.86B |
| EBITDA | 67.90B | 73.48B | 65.71B | 56.99B | 40.72B | 41.08B |
| Net Income | 28.54B | 33.58B | 28.27B | 24.89B | 17.62B | 9.59B |
Balance Sheet | ||||||
| Total Assets | 868.50B | 909.54B | 873.20B | 833.54B | 786.70B | 748.77B |
| Cash, Cash Equivalents and Short-Term Investments | 18.04B | 15.26B | 15.80B | 23.00B | 16.86B | 21.76B |
| Total Debt | 401.64B | 392.66B | 382.87B | 349.31B | 353.46B | 349.92B |
| Total Liabilities | 550.80B | 559.98B | 558.69B | 528.72B | 513.19B | 492.89B |
| Stockholders Equity | 310.18B | 341.20B | 307.33B | 298.59B | 268.37B | 251.36B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -12.42B | -17.45B | 7.93B | -2.93B | 235.00M |
| Operating Cash Flow | 0.00 | 40.34B | 44.01B | 40.83B | 16.93B | 21.67B |
| Investing Cash Flow | 0.00 | -42.99B | -63.20B | -26.93B | -13.11B | -17.64B |
| Financing Cash Flow | 0.00 | 3.57B | 10.20B | -7.86B | -7.43B | -10.26B |
Keihan Holdings Co Technical Analysis
Neutral
3344.00
Price Trends
3238.57
Negative
3288.53
Negative
3239.15
Negative
Market Momentum
-53.78
Positive
52.64
Neutral
24.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9045, the sentiment is Neutral. The current price of 3344 is above the 20-day moving average (MA) of 3202.85, above the 50-day MA of 3238.57, and above the 200-day MA of 3239.15, indicating a neutral trend. The MACD of -53.78 indicates Positive momentum. The RSI at 52.64 is Neutral, neither overbought nor oversold. The STOCH value of 24.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9045.
Keihan Holdings Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥673.64B | 11.39 | 8.64% | 1.82% | 0.49% | 15.11% | |
65 Neutral | ¥365.27B | 128.76 | ― | 2.26% | 0.12% | -39.06% | |
64 Neutral | ¥325.35B | 9.71 | 8.87% | 1.19% | 6.04% | 24.61% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥1.12T | 13.78 | 6.64% | 2.07% | 8.73% | 17.35% | |
58 Neutral | ¥435.31B | 11.58 | 9.06% | 2.62% | 9.72% | 3.53% | |
44 Neutral | ¥767.42B | 40.78 | ― | 1.05% | -43.04% | -83.91% |
* Industrials Sector Average
JP:9045
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Keihan Holdings Co Corporate Events
Keihan Raises Long-term Targets and Launches New Medium-term Plan
May 12, 2026
Keihan Holdings has revised the quantitative targets and core elements of its long-term management strategy, originally set in 2023, to better align with progress made and evolving business conditions. The company continues to pursue its 2050 visi...
Keihan Holdings Raises Year-End Dividend Above Forecast on Strong Earnings
May 12, 2026
Keihan Holdings’ board has approved a year-end dividend of 100 yen per share for the fiscal year ended March 31, 2026, up from 40 yen in the previous year and slightly above its prior forecast of 97 yen. The total payout will be 10,090 milli...
Keihan Holdings Delivers Strong FY2026 Results but Guides for Profit Decline in FY2027
May 12, 2026
Keihan Holdings reported solid results for the fiscal year ended March 31, 2026, with operating revenue rising 6.0% to ¥332.5 billion and profit attributable to owners of the parent climbing 18.8% to ¥33.6 billion, lifting basic earnings...
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.