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Sanyo Electric Railway Co., Ltd. (JP:9052)
:9052
Japanese Market
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Sanyo Electric Railway Co., Ltd. (9052) AI Stock Analysis

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JP:9052

Sanyo Electric Railway Co., Ltd.

(9052)

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Neutral 60 (OpenAI - 5.2)
Rating:60Neutral
Price Target:
¥2,082.00
▼(-0.14% Downside)
Action:Reiterated
Date:05/17/26
The score is driven mainly by improving profitability and a gradually strengthening balance sheet, offset by historically weak free cash flow and uneven cash conversion. Technical indicators are neutral-to-soft (below longer-term moving averages and negative MACD), while valuation is reasonably supportive with a mid-teens P/E and a ~2.5% dividend yield.
Positive Factors
Improving profitability
Margins have meaningfully improved since 2021, with 2026 operating and net margins near double-digit levels. Sustained margin recovery reflects tighter cost control and pricing power in core rail operations, supporting durable operating cash generation and profitability resilience.
Negative Factors
Structurally weak free cash flow
Persistent negative FCF through 2021–2025 and only modest FCF in 2026 indicate heavy reinvestment and uneven cash conversion. This weak cash conversion constrains discretionary spending, limits buffer for downturns, and raises reliance on financing for capex and dividends.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability
Margins have meaningfully improved since 2021, with 2026 operating and net margins near double-digit levels. Sustained margin recovery reflects tighter cost control and pricing power in core rail operations, supporting durable operating cash generation and profitability resilience.
Read all positive factors

Sanyo Electric Railway Co., Ltd. (9052) vs. iShares MSCI Japan ETF (EWJ)

Sanyo Electric Railway Co., Ltd. Business Overview & Revenue Model

Company Description
Sanyo Electric Railway Co.,Ltd. engages in transportation and real estate businesses in Japan. The company also operates ropeways and amusement park; and rents and sells real estate properties. In addition, it is involved in passenger car transpor...
How the Company Makes Money
Sanyo Electric Railway primarily earns revenue by operating passenger rail services, monetizing ridership through fares and commuter passes on its railway lines. Revenue is also generated from ancillary, railway-adjacent activities that commonly a...

Sanyo Electric Railway Co., Ltd. Financial Statement Overview

Summary
Earnings and operating profitability have improved since 2021 (2026 operating margin ~11.2%, net margin ~10.1%), and leverage has trended better (debt-to-equity ~0.68 in 2026). The key drag is cash-flow quality: free cash flow was negative in 2021–2025 and only modestly positive in 2026 (¥2.4B), indicating uneven cash conversion in a capex-heavy business.
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
48
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue38.63B40.13B38.49B39.22B38.91B34.15B
Gross Profit9.38B9.94B9.36B9.60B8.71B6.46B
EBITDA9.16B8.25B8.32B8.38B8.23B12.79B
Net Income3.76B4.04B3.03B3.11B2.66B5.97B
Balance Sheet
Total Assets119.88B130.30B122.69B114.53B111.17B108.75B
Cash, Cash Equivalents and Short-Term Investments7.54B8.83B8.86B5.78B8.37B8.78B
Total Debt41.67B42.52B43.19B39.23B39.79B37.98B
Total Liabilities61.89B68.07B65.11B60.15B61.52B61.78B
Stockholders Equity57.99B62.23B57.57B54.38B49.64B46.97B
Cash Flow
Free Cash Flow0.002.44B-675.00M-1.10B-2.21B-5.57B
Operating Cash Flow0.008.02B5.90B8.51B5.16B6.14B
Investing Cash Flow0.00-5.36B-7.81B-10.11B-6.72B-4.17B
Financing Cash Flow0.00-1.67B3.30B-1.28B1.14B791.00M

Sanyo Electric Railway Co., Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2085.00
Price Trends
50DMA
1993.95
Negative
100DMA
2011.89
Negative
200DMA
2020.38
Negative
Market Momentum
MACD
-20.90
Positive
RSI
37.76
Neutral
STOCH
12.79
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9052, the sentiment is Negative. The current price of 2085 is above the 20-day moving average (MA) of 1961.50, above the 50-day MA of 1993.95, and above the 200-day MA of 2020.38, indicating a bearish trend. The MACD of -20.90 indicates Positive momentum. The RSI at 37.76 is Neutral, neither overbought nor oversold. The STOCH value of 12.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9052.

Sanyo Electric Railway Co., Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
62
Neutral
¥313.65B13.491.61%1.51%14.84%
60
Neutral
¥42.42B11.082.17%4.27%33.45%
58
Neutral
¥609.01B15.208.51%2.96%-0.94%-26.46%
58
Neutral
¥220.46B7.1112.70%1.68%6.91%58.68%
54
Neutral
¥19.31B13.170.81%5.49%29.14%
50
Neutral
¥18.43B16.201.33%11.16%-16.05%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:9052
Sanyo Electric Railway Co., Ltd.
1,923.00
-52.68
-2.67%
JP:9007
Odakyu Electric Railway Co
1,660.50
131.66
8.61%
JP:9031
Nishi-Nippon Railroad Co., Ltd.
2,808.00
706.27
33.60%
JP:9033
Hiroshima Electric Railway Co., Ltd.
609.00
15.52
2.62%
JP:9044
Nankai Electric Railway Co., Ltd.
2,829.00
699.38
32.84%
JP:9046
Kobe Electric Railway Co., Ltd.
2,403.00
185.76
8.38%

Sanyo Electric Railway Co., Ltd. Corporate Events

Sanyo Electric Railway Sets 2040 Vision and New Medium-Term Plan Focused on Growth and Collaboration
May 15, 2026
Sanyo Electric Railway has revised its group Long-Term Vision through fiscal 2040 and adopted a new Medium-Term Management Plan for fiscal 2026 to 2028, aiming to maximize value by “connecting” safety, communities, regional strengths, ...
Sanyo Electric Railway Lifts Earnings and Dividend Amid Strong FY2026 Results
May 15, 2026
Sanyo Electric Railway reported a solid improvement in earnings for the fiscal year ended March 31, 2026, with operating revenues rising 4.3% to ¥40.1 billion and profit attributable to owners of parent jumping 33.4% to ¥4.0 billion, lif...
Sanyo Electric Railway Unveils 2040 Vision and New Medium-Term Plan
May 15, 2026
Sanyo Electric Railway has revised its group long-term vision to fiscal 2040 and adopted a new medium-term management plan for fiscal 2026 to 2028, aiming to maximize value through “connecting” safety, attractive communities, regional ...
Sanyo Electric Railway Lifts Profit and Dividend as Revenues Rise
May 15, 2026
Sanyo Electric Railway reported consolidated operating revenues of ¥40.1 billion for the year ended March 31, 2026, up 4.3% year on year, with operating profit rising 10.2% to ¥4.5 billion and profit attributable to owners of parent surg...
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.Date of analysis: May 17, 2026