Keihan Holdings Co (9045) AI Stock Analysis

• Market Cap: ¥302.11B
• Dividend Yield: 1.33%
• Average Volume (3M): 220.34K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.52
• Revenue Growth: 3.77%
• EPS Growth: 15.05%
• Country: JP
• Employees: 6,353
• Sector: Utilities
• Sector Strength: 66
• Industry: Conglomerates
• EPS (TTM): 34.41
• Shares Outstanding: 106,816,410
• 10 Day Avg. Volume: 289,750
• 30 Day Avg. Volume: 220,343
• PEG Ratio: 0.25
• Price to Book (P/B): 1.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -126.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥3,499.57
• Price Target Upside: 17.00% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ¥3,343.00 ▲(11.77%Upside)

Keihan Holdings Co shows strong financial performance with robust growth and profitability. However, technical analysis indicates bearish momentum, and valuation metrics suggest a fair but not undervalued stock. The absence of earnings call insights and corporate events does not contribute to the analysis. Liquidity and cash flow require careful monitoring.

Keihan Holdings Co Business Overview & Revenue Model

Company Description

Keihan Holdings Co., Ltd. (9045) is a Japanese company that operates in various sectors, primarily focusing on transportation, real estate, and retail. The company is best known for its railway operations in the Kansai region, specifically in Osaka, Kyoto, and Shiga prefectures. In addition to its core transportation services, Keihan Holdings is involved in real estate development, managing a portfolio of commercial and residential properties. The company also operates shopping centers, hotels, and leisure facilities, contributing to its diversified business model.

How the Company Makes Money

Keihan Holdings Co., Ltd. generates revenue through several key streams. The primary source of income is its transportation business, particularly its railway operations, which include passenger fares and freight services. This segment benefits from the dense population and high commuter traffic in the Kansai region. Additionally, the company earns significant revenue from its real estate division, which involves property leasing, sales, and development projects. The retail and leisure segment further contributes to its earnings through the operation of shopping centers, hotels, and amusement facilities. Strategic partnerships and ventures in tourism and hospitality also play a role in bolstering the company's overall revenue.

Keihan Holdings Co Financial Statement Overview

Summary

Keihan Holdings Co exhibits robust revenue growth and profitability, supported by strong operational margins. The balance sheet remains leveraged yet stable, with a satisfactory return on equity. Cash flow challenges, particularly in free cash flow, suggest the need for closer cash management. Overall, the financial health is positive but requires monitoring of liquidity and capital expenditure impacts.

Income Statement

Keihan Holdings Co has demonstrated strong revenue growth, with a notable increase of 3.77% in 2025 compared to 2024. The company maintains a solid gross profit margin of 29.28% for 2025, indicating efficient cost management. The net profit margin of 9.01% reflects healthy profitability. EBITDA and EBIT margins also show positive performance, at 20.96% and 13.42%, respectively, underscoring operational efficiency.

Balance Sheet

The balance sheet of Keihan Holdings Co shows a manageable debt-to-equity ratio of 1.24, suggesting balanced leverage. The return on equity is a solid 9.20%, reflecting effective use of shareholders' equity to generate profits. However, the equity ratio of 35.74% indicates moderate financial stability, as equity forms a fair portion of total assets.

Cash Flow

Keihan Holdings Co experiences challenges in cash flow management, with a negative free cash flow growth rate from 2024 to 2025 due to increased capital expenditures. The operating cash flow to net income ratio of 1.56 highlights strong cash generation capabilities relative to net income. However, the negative free cash flow to net income ratio indicates potential liquidity issues.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	330.61B	313.55B	302.15B	260.07B	258.12B	253.42B
Gross Profit	91.18B	91.81B	79.00B	63.55B	53.86B	40.62B
EBITDA	56.95B	65.71B	56.99B	40.72B	34.48B	24.39B
Net Income	28.18B	28.27B	24.89B	17.62B	9.59B	-4.57B
Balance Sheet
Total Assets	852.79B	859.86B	820.22B	774.85B	737.26B	764.25B
Cash, Cash Equivalents and Short-Term Investments	28.38B	15.80B	23.00B	16.86B	21.76B	27.34B
Total Debt	379.30B	381.54B	348.12B	352.18B	345.31B	351.60B
Total Liabilities	537.02B	545.35B	515.40B	501.34B	481.39B	515.65B
Stockholders Equity	308.73B	307.33B	298.59B	268.37B	251.36B	244.46B
Cash Flow
Free Cash Flow	0.00	-17.45B	7.93B	-2.93B	235.00M	-13.23B
Operating Cash Flow	0.00	44.01B	40.83B	16.93B	21.67B	15.28B
Investing Cash Flow	0.00	-63.20B	-26.93B	-13.11B	-17.64B	-24.94B
Financing Cash Flow	0.00	10.20B	-7.86B	-7.43B	-10.26B	21.30B

Keihan Holdings Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2991.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9045, the sentiment is Negative. The current price of 2991 is below the 20-day moving average (MA) of 3033.08, below the 50-day MA of 3186.69, and below the 200-day MA of 3197.94, indicating a bearish trend. The MACD of -43.15 indicates Negative momentum. The RSI at 33.87 is Neutral, neither overbought nor oversold. The STOCH value of 20.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9045.

Keihan Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9003	73 Outperform	¥222.22B	9.91		2.63%	8.20%	39.32%
9010	68 Neutral	¥108.00B	21.14		1.43%	3.02%	11.73%
Sector *	67 Neutral	$16.52B	17.14	4.47%	3.56%	4.76%	6.13%
9048	65 Neutral	¥320.24B	8.48		2.30%	14.91%	54.74%
9045	64 Neutral	¥302.11B	11.17	9.19%	1.33%	3.77%	15.05%
9008	63 Neutral	¥390.26B	9.74	10.45%	2.90%	10.82%	47.20%
9041	61 Neutral	¥524.72B	11.23	8.66%	1.81%	6.89%	-2.82%

Keihan Holdings Co Corporate Events

Keihan Holdings Secures Loan Agreement for Subsidiary Funding

Keihan Holdings Co., Ltd. announced the conclusion of a monetary loan agreement with financial covenants to provide sub-leasing funds to its subsidiaries. The agreement involves a principal debt of ¥38,000 million with a repayment period extending to 2031, and it is expected to have a minor impact on the company’s financial results for the fiscal year ending March 2026.

The most recent analyst rating on (JP:9045) stock is a Buy with a Yen3400.00 price target. To see the full list of analyst forecasts on Keihan Holdings Co stock, see the JP:9045 Stock Forecast page.

Keihan Holdings Announces Share Cancellation

Keihan Holdings Co., Ltd. announced the cancellation of 6,366,300 of its own common stock shares, representing 5.62% of the total outstanding shares before cancellation. This strategic move, resolved at the Board of Directors’ meeting, will reduce the total number of outstanding shares to 106,816,403, potentially impacting the company’s stock value and shareholder equity.

The most recent analyst rating on (JP:9045) stock is a Hold with a Yen3850.00 price target. To see the full list of analyst forecasts on Keihan Holdings Co stock, see the JP:9045 Stock Forecast page.

Keihan Holdings Completes Share Buyback

Keihan Holdings Co., Ltd. has completed the acquisition of its own shares, purchasing 132,100 common stock shares for a total of 445,087,793 yen between May 1 and May 19, 2025. This acquisition is part of a larger plan approved by the Board of Directors to buy back up to 7,100,000 shares, representing 6.62% of the total outstanding shares, with a budget of up to 20 billion yen, which is nearly fulfilled with 6,366,300 shares acquired so far.

The most recent analyst rating on (JP:9045) stock is a Hold with a Yen3850.00 price target. To see the full list of analyst forecasts on Keihan Holdings Co stock, see the JP:9045 Stock Forecast page.

Keihan Holdings Announces Executive Leadership Changes

Keihan Holdings Co., Ltd. has announced significant changes in its executive leadership, which will take effect after the upcoming Ordinary General Meeting of Shareholders. These changes include the appointment of new officers and the retirement of several current executives, indicating a strategic shift in the company’s management structure. The reorganization is expected to impact the company’s operations and potentially influence its market positioning, signaling a new phase of leadership aimed at driving future growth.

Keihan Holdings Announces Leadership Change Amid Record Profits

Keihan Holdings Co., Ltd. has announced a change in its leadership, with Yoshihiro Hirakawa set to become the new Representative Director & President, succeeding Masahiro Ishimaru, who will retire. This leadership change comes after the company achieved record-high profits for two consecutive terms and met its medium-term management plan targets ahead of schedule, positioning itself for sustainable growth.

Keihan Holdings Announces Share Buyback Progress

Keihan Holdings Co., Ltd. has announced the acquisition of 600,700 of its own shares, valued at approximately 1.95 billion yen, as part of a broader share buyback program. This move is in line with a resolution from November 2024, aiming to acquire up to 7.1 million shares, enhancing shareholder value and optimizing capital structure.