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Railway holding company (Sotetsu) operating trains connecting Yokohama/Sagamihara suburbs to central Tokyo.
Railway holding company (Sotetsu) operating trains connecting Yokohama/Sagamihara suburbs to central Tokyo.
Fares from commuter trains are the base, with housing and shop development and leasing along the line as the second pillar, a model common among Japanese private railways. Through-services that run trains from Sotetsu lines directly onto JR and Tokyu tracks into central Tokyo opened in 2019 and 2023.
In one line: A Japanese commuter-rail conglomerate serving a Tokyo suburb.
Moat: narrow (regulatory licence, installed base). Regulated rail monopoly on its routes, now with new direct-Tokyo through-service lines.
Headquarters: Yokohama, Japan · Founded: 1917 · Employees: 5,321
Size Sotetsu (9003.T) is a Japan Industrials company (Other Transportation) with a market value of $1.55B, the 563rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,548 on 6 Nov 2026.
Performance Over six months the shares fell 3.6%, against -2.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +4.0%); the operating margin is 12.7% (peer median 17.7%).
Valuation It trades at 10.1× forward earnings against a peer median of 14.2× (4th cheapest of 14).
Capital Return on invested capital runs 0.6 points below its cost of capital (5.0% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥311B | ¥308B | ¥292B | ¥270B | ¥250B |
| Revenue growth | — | +5% | +8% | +8% | — |
| Gross profit | ¥116B | ¥111B | ¥106B | ¥91.3B | ¥70.8B |
| EBITDA | ¥64.8B | ¥63.8B | ¥62.6B | ¥53.0B | ¥36.8B |
| Net income | ¥25.6B | ¥24.8B | ¥22.4B | ¥16.1B | ¥6.98B |
| Free cash flow | n/a | -¥12.8B | -¥1.55B | -¥38.9B | ¥4.45B |
| Capital expenditure | n/a | ¥34.0B | ¥42.8B | ¥58.3B | ¥32.0B |
| Total debt | ¥457B | ¥483B | ¥433B | ¥417B | ¥373B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sotetsu 9003.T | $1.55B | -4% | +9% | 13% | 10.1× | n/a |
| Tokyu 9005.T | $6.14B | -3% | +5% | 9% | 10.0× | n/a |
| Odakyu Electric Railway 9007.T | $3.80B | +11% | +3% | 13% | 15.1× | n/a |
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.
| Measure | 9003.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.0% | 0.0% | 6th highest of 21 |
| 6-month return | -3.6% | -2.8% | 9th lowest of 21 |
| Distance from 52-week high | -19.6% | -15.4% | 9th lowest of 21 |
| Revenue growth (TTM) | +8.7% | +4.0% | 6th highest of 21 |
| Operating margin | 12.7% | 17.7% | 8th lowest of 21 |
| Forward P/E | 10.1× | 14.2× | 4th cheapest of 14 |
| ROIC minus cost of capital | -0.6 pp | +0.3 pp | 10th lowest of 21 |
| EV / EBITDA | 10.2× | 11.3× | 6th cheapest of 12 |
| Net debt / EBITDA | 6.5× | 2.3× | 4th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sotetsu 9003.T | Japan | $1.55B | -4% | +9% | 13% | 10.1× | n/a | n/a |
| Dongguan Development (Holdings) 000828.SZ | China | $1.57B | -3% | -4% | 39% | 10.7× | 0.7% | +4.4% |
| Shreeji Shipping Global SHREEJISPG.NS | India | $1.53B | +111% | +21% | 24% | n/a | n/a | n/a |
| Fujian Expressway Development 600033.SS | China | $1.51B | +1% | -3% | 47% | n/a | -16.1% | +5.6% |
| FirstGroup FGP.L | United Kingdom | $1.60B | +40% | -6% | 5% | 11.4× | -7.6% | +1.9% |
| Shenzhen International 0152.HK | Hong Kong | $1.49B | -35% | +15% | 11% | 6.1× | n/a | n/a |
| Evergreen Aviation Technologies 2645.TW | Taiwan | $1.67B | -8% | +10% | 17% | 16.2× | -1.0% | +11.2% |
| Henan Zhongyuan Expressway 600020.SS | China | $1.43B | +5% | -11% | 20% | 9.4× | 5.9% | +5.4% |
| Hamburger Hafen und Logistik HHFA.DE | Germany | $1.72B | -2% | +3% | 7% | n/a | n/a | n/a |
| Nishi-Nippon Railroad 9031.T | Japan | $1.37B | 0% | +10% | 7% | 9.0× | n/a | n/a |
| Hainan Strait Shipping 002320.SZ | China | $1.88B | -34% | +4% | 23% | 70.1× | -0.5% | +36.7% |
| Tianjin Port 600717.SS | China | $1.89B | -2% | -8% | 18% | n/a | -14.6% | -1.6% |
| Westshore Terminals Investment WTE.TO | Canada | $1.90B | +16% | -16% | 33% | 26.3× | 11.9% | -2.6% |
| Xizang Tianlu 600326.SS | China | $1.24B | -35% | -8% | 0% | 26.3× | 24.9% | -13.0% |
| Hutchison Port Holdings Trust NS8U.SI | Singapore | $1.96B | +7% | +5% | 42% | 15.3× | -10.5% | +1.7% |
| NANKAI 9044.T | Japan | $2.03B | 0% | +7% | 15% | 13.1× | n/a | n/a |
| Shenzhen Airport 000089.SZ | China | $2.08B | -5% | +5% | 17% | 14.2× | -6.4% | +11.4% |
| Comfortdelgro C52.SI | Singapore | $2.19B | -10% | +9% | 9% | 15.0× | -8.2% | +9.3% |
| StorageVault Canada SVI.TO | Canada | $1.09B | -4% | +9% | 23% | n/a | 21.9% | +16.6% |
| Shanxi Hi-speed 000755.SZ | China | $1.07B | -3% | +3% | 47% | n/a | -7.2% | +8.4% |
| Dazhong Transportation (Group) 600611.SS | China | $1.02B | -12% | -12% | -9% | n/a | 5.8% | -3.3% |