Nagoya Railroad Co., Ltd. (JP:9048)
:9048
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Nagoya Railroad Co., Ltd.
(9048)
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Rating:66Neutral
Price Target:
¥1,947.00
▲(15.76% Upside)
Action:DowngradedDate:10/29/25
Nagoya Railroad Co., Ltd. scores well on valuation due to its low P/E ratio and attractive dividend yield, suggesting it may be undervalued. However, technical analysis indicates bearish momentum, and financial performance highlights concerns over rising debt and negative free cash flow. These factors contribute to a moderate overall stock score.
Positive Factors
Diversified transit + real estate business model
Meitetsu’s integrated model—rail operations plus station-area real estate, retail and leisure—creates durable, recurring revenue streams and cross-segment synergies. Transit-oriented development and station tenancy turn network access into long-term leasing, retail and property income that stabilizes cash flow across cycles.
Negative Factors
Rising total debt levels
An upward trend in total debt increases leverage and reduces financial flexibility. Over the medium term higher indebtedness can raise interest expense, constrain financing options for development projects, and increase sensitivity to macro shocks, making capital structure management a key ongoing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified transit + real estate business model
Meitetsu’s integrated model—rail operations plus station-area real estate, retail and leisure—creates durable, recurring revenue streams and cross-segment synergies. Transit-oriented development and station tenancy turn network access into long-term leasing, retail and property income that stabilizes cash flow across cycles.
Read all positive factors
Nagoya Railroad Co., Ltd. (9048) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥350.42B
Dividend Yield2.26%
Average Volume (3M)927.80K
Price to Earnings (P/E)7.5
Beta (1Y)0.39
Revenue Growth6.13%
EPS Growth-23.73%
CountryJP
Employees28,412
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)56.26
Shares Outstanding196,700,680
10 Day Avg. Volume441,610
30 Day Avg. Volume927,800
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.74
Price to Sales (P/S)0.50
P/FCF Ratio-6.27
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)146.38
Revenue Forecast (FY)¥720.33B
Nagoya Railroad Co., Ltd. Business Overview & Revenue Model
Company Description
Nagoya Railroad Co., Ltd., together with its subsidiaries, engages in the railroad business in Japan. It operates through Traffic, Transport, Real Estate, Leisure and Services, Distribution, and Aviation Services segments. The Traffic segment enga...
How the Company Makes Money
Nagoya Railroad makes money through a multi-segment model built around transportation and the monetization of real estate and commercial activity along its rail corridors. (1) Transportation revenue: The core earnings base comes from passenger rai...
Nagoya Railroad Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 693.06B | 690.72B | 601.12B | 551.50B | 490.92B | 481.64B |
| Gross Profit | 102.35B | 100.95B | 85.73B | 70.23B | 46.01B | 27.41B |
| EBITDA | 82.87B | 84.17B | 73.96B | 61.39B | 41.85B | 23.35B |
| Net Income | 33.97B | 37.73B | 24.40B | 18.85B | 9.37B | -28.77B |
Balance Sheet | ||||||
| Total Assets | 1.48T | 1.45T | 1.30T | 1.23T | 1.19T | 1.19T |
| Cash, Cash Equivalents and Short-Term Investments | 41.04B | 58.64B | 60.39B | 55.29B | 50.93B | 54.02B |
| Total Debt | 631.74B | 585.51B | 499.54B | 476.07B | 468.57B | 463.49B |
| Total Liabilities | 986.87B | 950.59B | 839.67B | 802.28B | 775.76B | 783.61B |
| Stockholders Equity | 461.05B | 461.71B | 437.96B | 404.43B | 383.32B | 372.01B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -54.63B | -30.46B | -17.47B | -24.67B | -42.41B |
| Operating Cash Flow | 0.00 | 78.73B | 55.53B | 61.22B | 39.32B | 19.68B |
| Investing Cash Flow | 0.00 | -138.13B | -68.43B | -59.37B | -39.03B | -44.23B |
| Financing Cash Flow | 0.00 | 55.85B | 18.03B | 2.61B | -3.34B | 49.41B |
Nagoya Railroad Co., Ltd. Technical Analysis
Positive
1682.00
Price Trends
1750.23
Positive
1685.57
Positive
1665.80
Positive
Market Momentum
15.65
Negative
52.26
Neutral
41.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9048, the sentiment is Positive. The current price of 1682 is below the 20-day moving average (MA) of 1751.71, below the 50-day MA of 1750.23, and above the 200-day MA of 1665.80, indicating a bullish trend. The MACD of 15.65 indicates Negative momentum. The RSI at 52.26 is Neutral, neither overbought nor oversold. The STOCH value of 41.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9048.
Nagoya Railroad Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥476.43B | 10.33 | 9.06% | 2.62% | 6.97% | 8.61% | |
70 Outperform | ¥1.14T | 11.74 | 6.64% | 2.07% | 11.89% | -3.98% | |
68 Neutral | ¥336.94B | 8.73 | 8.87% | 1.19% | -8.30% | 14.55% | |
67 Neutral | ¥1.05T | 22.55 | ― | 1.05% | 85.03% | 198.15% | |
66 Neutral | ¥350.42B | 7.48 | ― | 2.26% | 6.13% | -23.73% | |
64 Neutral | ¥631.04B | 8.73 | 8.64% | 1.82% | 3.90% | 5.62% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:9048
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Nagoya Railroad Co., Ltd. Corporate Events
Nagoya Railroad Announces Leadership Shake-Up Ahead of June Shareholders Meeting
Feb 26, 2026
Nagoya Railroad Co., Ltd. has announced a series of leadership changes, including the planned retirement of Executive Vice-President and Representative Director Kiyomi Suzuki following the expiration of their term, with the formal decision to be m...
Nagoya Railroad Posts Revenue Growth but Profit Decline on Rising Costs
Feb 10, 2026
Nagoya Railroad Co. reported higher operating revenues for the nine months ended December 31, 2025, supported by increased railroad passenger volumes and the newly consolidated Miyagi Transportation Group, while also adding MEITETSU XYMAX ASSET MA...
Nagoya Railroad Profit Slumps Despite Revenue Growth, Outlook Remains Cautious
Feb 10, 2026
Nagoya Railroad reported consolidated operating revenues of ¥515.9 billion for the nine months ended Dec. 31, 2025, up 1.6% year on year, but operating income fell 18.8% to ¥31.6 billion and profit attributable to owners of the parent dr...
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.