Who are Tobu Railway's main competitors?

Named competitors: Keisei Electric Railway (9009.T), Odakyu Electric Railway (9007.T), Seibu Holdings (9024.T), Tokyu Corporation (9005.T), Keio Corporation (9008.T), East Japan Railway (9020.T). The cockpit's measured peer set (industry) also includes Container Corporation of India (CONCOR.NS), Kyushu Railway (9142.T), Odakyu Electric Railway (9007.T), Guangshen Railway (601333.SS), Aurizon (AZJ.AX), Keisei Electric Railway (9009.T).

Is Tobu Railway expensive compared with its peers?

On forward p/e it trades at 10.0× against a peer median of 14.9×, cheapest of 15 in its peer set.

How has Tobu Railway stock performed?

Over six months to 6 Nov 2026 the shares returned +3.1% against +0.8% for the median peer; over one year +13.7%.

← CockpitCompetitor Analysis › 9001.T Tobu Railway CoOpen in the cockpit ↗

Tobu Railway Co9001.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Railroads

Railway conglomerate operating trains from Tokyo to Nikko, and owner of the Tokyo Skytree tower.

≈ A Japanese diversified rail conglomerate that also owns a landmark tourist towerMomentum strong 60

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$3.58B

US dollars, full cap

Free float

91%

of shares outstanding

$/day

$12.4M

20-day average traded

Fwd P/E

10.0×

forward earnings

ROIC−WACC

-1.4 pp

WACC 5.0%

Hurdle

n/a

no reverse DCF

Next earnings

96 days

10 Feb 2027

Close · JPY¥2,880

1D-6.2%

1W+0.3%

1M+4.0%

3M-4.5%

6M+3.1%

YTD+10.5%

1Y+13.7%

ATR %2.1%

52w lowhigh11.0% off high

What Tobu Railway does

Railway conglomerate operating trains from Tokyo to Nikko, and owner of the Tokyo Skytree tower.

Fares from Tokyo suburban commuters on lines north of the city carry the business, with fares set within government-approved ceilings. Property, including offices, housing along its lines and the Skytree complex, and department stores in Ikebukuro are the other major income.

In one line: A Japanese diversified rail conglomerate that also owns a landmark tourist tower.

Products and services

Railway operations (Tokyo-Nikko)
Real estate development/leasing
Tokyo Skytree tower operations

Customers

Commuters and tourists to Nikko/Skytree
Real estate tenants

Where it sits in the supply chain

Industrials
Diversified railway conglomerate
Railways, real estate, Tokyo Skytree…

What could go right

Inbound tourism to Tokyo Skytree/Nikko

What could go wrong

Population decline along rail lines

Moat: narrow (regulatory licence, installed base, brand). Regulated rail monopoly plus ownership of the iconic, hard-to-replicate Tokyo Skytree tourist attraction.

Headquarters: Tokyo, Japan · Founded: 1897 · Employees: 18,148

Named competitors

Tobu Railway at a glance

Size Tobu Railway (9001.T) is a Japan Industrials company (Railroads) with a market value of $3.58B, the 318th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,880 on 6 Nov 2026.

Performance Over six months the shares gained 3.1%, against +0.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 16 in its peer set.

Growth Revenue grew 5.2% over the last twelve months (peer median +4.8%); the operating margin is 11.1% (peer median 12.7%).

Valuation It trades at 10.0× forward earnings against a peer median of 14.9× (cheapest of 15).

Capital Return on invested capital runs 1.4 points below its cost of capital (5.0% WACC).

Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Tobu Railway against the median of its 15 peers (local-currency closes).

Tobu Railway financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥663B	¥655B	¥631B	¥636B	¥615B
Revenue growth	—	+4%	-1%	+3%	—
Gross profit	¥204B	¥184B	¥180B	¥177B	¥156B
EBITDA	¥130B	¥127B	¥128B	¥127B	¥110B
Net income	¥55.8B	¥55.6B	¥51.3B	¥48.2B	¥29.2B
Free cash flow	n/a	-¥1.94B	-¥20.8B	¥8.76B	¥43.9B
Capital expenditure	n/a	¥109B	¥111B	¥82.9B	¥57.3B
Total debt	¥804B	¥792B	¥783B	¥752B	¥798B

Quarterly statements and history in the cockpit →

Tobu Railway competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Tobu Railway is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tobu Railway is the large dot.

Tobu Railway competitors and peer comparison

Head to head with its named competitors (9001.T vs 9009.T vs 9007.T vs 9024.T)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Tobu Railway 9001.T	$3.58B	+3%	+5%	11%	10.0×	n/a
Keisei Electric Railway 9009.T	$4.51B	+26%	+4%	11%	15.5×	n/a
Odakyu Electric Railway 9007.T	$3.80B	+11%	+3%	13%	15.1×	n/a
Seibu 9024.T	$6.11B	+2%	-41%	10%	29.6×	n/a
Tokyu 9005.T	$6.14B	-3%	+5%	9%	10.0×	n/a
Keio 9008.T	$2.80B	+3%	+10%	10%	10.5×	n/a
East Japan Railway 9020.T	$27.4B	+13%	+9%	14%	15.8×	n/a

How Tobu Railway compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Tobu Railway against its 15 peers (data as of 6 Nov 2026)
Measure	9001.T	Peer median	Rank in peer set
1-month return	+4.0%	+4.9%	7th lowest of 16
6-month return	+3.1%	+0.8%	7th highest of 16
Distance from 52-week high	-11.0%	-10.4%	8th lowest of 16
Revenue growth (TTM)	+5.2%	+4.8%	8th highest of 16
Operating margin	11.1%	12.7%	8th lowest of 16
Forward P/E	10.0×	14.9×	cheapest of 15
ROIC minus cost of capital	-1.4 pp	-0.5 pp	7th lowest of 16
EV / EBITDA	10.3×	13.5×	6th cheapest of 13
Net debt / EBITDA	5.9×	4.6×	4th most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Tobu Railway 9001.T	Japan	$3.58B	+3%	+5%	11%	10.0×	n/a	n/a
Container Corporation of India CONCOR.NS	India	$3.55B	-16%	+1%	14%	25.4×	33.8%	+7.2%
Kyushu Railway 9142.T	Japan	$3.53B	0%	+5%	14%	11.3×	n/a	n/a
Odakyu Electric Railway 9007.T	Japan	$3.80B	+11%	+3%	13%	15.1×	n/a	n/a
Guangshen Railway 601333.SS	China	$3.16B	+1%	+5%	6%	16.3×	-14.9%	+11.9%
Aurizon AZJ.AX	Australia	$4.49B	-5%	+6%	21%	14.8×	4.4%	+6.7%
Keisei Electric Railway 9009.T	Japan	$4.51B	+26%	+4%	11%	15.5×	n/a	n/a
Keio 9008.T	Japan	$2.80B	+3%	+10%	10%	10.5×	n/a	n/a
Keikyu 9006.T	Japan	$2.73B	+2%	+4%	11%	13.4×	n/a	n/a
Keihan 9045.T	Japan	$2.15B	+3%	+10%	15%	11.5×	n/a	n/a
GATX GATX	United States	$6.38B	-2%	+30%	30%	17.0×	n/a	n/a
Jungfraubahn JFN.SW	Switzerland	$1.81B	+1%	-4%	21%	22.2×	4.4%	+22.3%
West Japan Railway 9021.T	Japan	$9.19B	+12%	+6%	10%	13.8×	2.4%	+14.9%
China Railway Tielong Container Logistics 600125.SS	China	$1.06B	-12%	-2%	7%	11.5×	-21.0%	-5.4%
Getlink GET.PA	France	$12.3B	+9%	+9%	40%	35.3×	10.1%	+14.3%
China High-Speed Railway Technology 000008.SZ	China	$919M	-14%	-11%	-19%	n/a	8.7%	+2.1%

Questions

Who are Tobu Railway's main competitors?: Named competitors: Keisei Electric Railway (9009.T), Odakyu Electric Railway (9007.T), Seibu Holdings (9024.T), Tokyu Corporation (9005.T), Keio Corporation (9008.T), East Japan Railway (9020.T). The cockpit's measured peer set (industry) also includes Container Corporation of India (CONCOR.NS), Kyushu Railway (9142.T), Odakyu Electric Railway (9007.T), Guangshen Railway (601333.SS), Aurizon (AZJ.AX), Keisei Electric Railway (9009.T).
Is Tobu Railway expensive compared with its peers?: On forward p/e it trades at 10.0× against a peer median of 14.9×, cheapest of 15 in its peer set.
How has Tobu Railway stock performed?: Over six months to 6 Nov 2026 the shares returned +3.1% against +0.8% for the median peer; over one year +13.7%.