Kobe Electric Railway Co., Ltd. (JP:9046)
:9046
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Kobe Electric Railway Co., Ltd.
(9046)
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Rating:54Neutral
Price Target:
¥2,472.00
▼(-0.12% Downside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by improving profitability trends, but held back by high leverage and inconsistent free-cash-flow conversion. Technicals are slightly weak (below key moving averages with negative MACD), while valuation is reasonable on earnings but offers limited dividend support.
Positive Factors
Improving profitability and margins
Sustained margin expansion reflects stronger core operations and pricing/efficiency gains. Higher operating and EBITDA margins improve the company's ability to cover fixed rail-network costs, fund maintenance, and absorb demand shocks, supporting durable earnings power over the medium term.
Negative Factors
Elevated leverage
Leverage at ~2.1x equity keeps financial flexibility constrained and makes the firm vulnerable to rate rises or revenue shocks. High debt relative to equity limits capacity for discretionary spending and increases refinancing and interest-rate exposure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability and margins
Sustained margin expansion reflects stronger core operations and pricing/efficiency gains. Higher operating and EBITDA margins improve the company's ability to cover fixed rail-network costs, fund maintenance, and absorb demand shocks, supporting durable earnings power over the medium term.
Read all positive factors
Kobe Electric Railway Co., Ltd. (9046) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥19.31B
Dividend Yield0.81%
Average Volume (3M)15.30K
Price to Earnings (P/E)13.2
Beta (1Y)0.36
Revenue Growth5.49%
EPS Growth29.14%
CountryJP
Employees884
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)149.30
Shares Outstanding8,061,566
10 Day Avg. Volume10,930
30 Day Avg. Volume15,296
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)0.76
Price to Sales (P/S)0.82
P/FCF Ratio-125.87
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)N/A
Revenue Forecast (FY)N/A
Kobe Electric Railway Co., Ltd. Business Overview & Revenue Model
Company Description
Kobe Electric Railway Co., Ltd. (9046) is a prominent transportation company based in Japan, primarily engaged in the operation of railway services. The company operates several railway lines serving the Kobe area and its surrounding regions, cont...
How the Company Makes Money
Kobe Electric Railway’s primary revenue comes from its transportation business, mainly passenger fares generated by ridership on its railway lines (including commuter and leisure travel). It also earns ancillary transportation-related income such ...
Kobe Electric Railway Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
46
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.36B | 23.35B | 22.13B | 22.31B | 21.32B | 20.52B |
| Gross Profit | 4.80B | 5.27B | 4.35B | 4.17B | 3.66B | 3.30B |
| EBITDA | 4.36B | 4.65B | 4.21B | 4.14B | 3.72B | 3.42B |
| Net Income | 1.19B | 1.46B | 1.15B | 1.02B | 676.00M | 519.00M |
Balance Sheet | ||||||
| Total Assets | 89.79B | 93.49B | 90.86B | 90.64B | 91.09B | 92.60B |
| Cash, Cash Equivalents and Short-Term Investments | 1.48B | 1.32B | 1.05B | 1.47B | 1.44B | 1.26B |
| Total Debt | 54.66B | 53.90B | 55.73B | 56.25B | 58.74B | 60.66B |
| Total Liabilities | 65.82B | 68.20B | 67.32B | 67.69B | 69.85B | 71.97B |
| Stockholders Equity | 23.96B | 25.29B | 23.54B | 22.94B | 21.24B | 20.63B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -153.00M | 355.00M | 1.93B | 1.65B | 1.08B |
| Operating Cash Flow | 0.00 | 3.84B | 2.96B | 3.78B | 3.42B | 2.81B |
| Investing Cash Flow | 0.00 | -2.39B | -2.02B | -1.32B | -1.35B | -1.07B |
| Financing Cash Flow | 0.00 | -1.18B | -1.36B | -2.44B | -1.89B | -1.84B |
Kobe Electric Railway Co., Ltd. Technical Analysis
Negative
2475.00
Price Trends
2445.76
Negative
2464.98
Negative
2451.65
Negative
Market Momentum
-5.67
Negative
44.72
Neutral
48.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9046, the sentiment is Negative. The current price of 2475 is above the 20-day moving average (MA) of 2409.20, above the 50-day MA of 2445.76, and above the 200-day MA of 2451.65, indicating a bearish trend. The MACD of -5.67 indicates Negative momentum. The RSI at 44.72 is Neutral, neither overbought nor oversold. The STOCH value of 48.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9046.
Kobe Electric Railway Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥14.49B | 8.51 | ― | 0.26% | 2.92% | 5.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥313.65B | 13.49 | ― | 1.61% | 1.51% | 14.84% | |
60 Neutral | ¥42.42B | 11.08 | ― | 2.17% | 4.27% | 33.45% | |
58 Neutral | ¥220.46B | 7.11 | 12.70% | 1.68% | 6.91% | 58.68% | |
54 Neutral | ¥19.31B | 13.17 | ― | 0.81% | 5.49% | 29.14% | |
50 Neutral | ¥18.43B | 16.20 | ― | 1.33% | 11.16% | -16.05% |
* Industrials Sector Average
JP:9046
Kobe Electric Railway Co., Ltd.
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Kobe Electric Railway Co., Ltd. Corporate Events
Kobe Electric Railway Gains Approval to Shift TSE Listing to Standard Market
May 14, 2026
Kobe Electric Railway Co., Ltd., a Japanese railway operator listed on the Tokyo Stock Exchange Prime Market, provides passenger rail services in the Kobe region and contributes to local commuting and regional connectivity. Its business is centere...
Kobe Electric Railway to Restructure Top Leadership with Chairman Role Change
May 14, 2026
Kobe Electric Railway Co., Ltd. announced a leadership change, with current Representative Director and Chairman Nobuhiko Terada slated to assume the new title of Chairman. The decision was informally approved by the board on May 14, 2026, and is ...
Kobe Electric Railway Lifts Profit and Dividend but Sees Earnings Cooling in FY2027 Forecast
May 14, 2026
Kobe Electric Railway Co., Ltd. reported consolidated operating revenue of ¥23.3 billion for the year ended March 31, 2026, up 5.5% year on year, with operating profit rising 20.7% to ¥2.4 billion and profit attributable to owners of par...
Kobe Electric Railway to Revise Top Management Structure in June 2026
May 14, 2026
Kobe Electric Railway Co., Ltd. announced a change in its top management, with current Representative Director and Chairman Nobuhiko Terada set to assume the title of Chairman. The shift reflects an effort to refresh and update the company’s...
Kobe Electric Railway Lifts Earnings and Dividend but Signals Profit Dip Ahead
May 14, 2026
Kobe Electric Railway reported solid results for the year ended March 31, 2026, with operating revenue rising 5.5% to ¥23.3 billion and profit attributable to owners of parent climbing 27.1% to ¥1.46 billion, supported by higher operatin...
Kobe Electric Railway Books Offset Extraordinary Items With No Earnings Impact
Apr 23, 2026
Kobe Electric Railway said it booked both extraordinary income and extraordinary losses of ¥1,085 million in the fiscal year ended March 2026, linked to contributions received for construction to improve facilities for safe railway transporta...
Kobe Electric Railway Replaces Resigning Audit Committee Director to Maintain Governance Standards
Mar 26, 2026
Kobe Electric Railway Co., Ltd. announced that Audit and Supervisory Committee member Makoto Nakanishi will resign on March 31, 2026, citing personal health reasons. His departure would have reduced the committee below the legally required minimum...
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.