Loading…
Railway conglomerate operating trains from Tokyo to Yokohama and Haneda Airport, plus real estate and retail.
Railway conglomerate operating trains from Tokyo to Yokohama and Haneda Airport, plus real estate and retail.
Earns fares from commuters and airport travelers on lines it owns and runs, plus rents and property sales on land around its own stations, a common model among Japanese private railways. Fare increases need government approval.
In one line: A Japanese diversified rail conglomerate with an airport-access franchise.
Moat: narrow (regulatory licence, installed base). Regulated rail monopoly including Haneda Airport access, a valuable and hard-to-replicate route.
Headquarters: Yokohama, Japan · Founded: 1948 · Employees: 8,177
Size Keikyu (9006.T) is a Japan Industrials company (Railroads) with a market value of $2.73B, the 390th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,564 on 6 Nov 2026.
Performance Over six months the shares gained 2.0%, against +0.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 15 in its peer set.
Growth Revenue grew 3.9% over the last twelve months (peer median +5.0%); the operating margin is 10.7% (peer median 11.9%).
Valuation It trades at 13.4× forward earnings against a peer median of 13.8× (7th cheapest of 14).
Capital Return on invested capital runs 2.4 points below its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥306B | ¥304B | ¥294B | ¥281B | ¥253B |
| Revenue growth | — | +4% | +5% | +11% | — |
| Gross profit | ¥79.7B | ¥76.3B | ¥74.5B | ¥65.5B | ¥45.7B |
| EBITDA | ¥62.6B | ¥62.8B | ¥64.2B | ¥56.2B | ¥39.1B |
| Net income | ¥26.8B | ¥27.5B | ¥24.3B | ¥83.8B | ¥15.8B |
| Free cash flow | n/a | -¥45.2B | -¥60.9B | -¥4.33B | -¥28.5B |
| Capital expenditure | n/a | ¥95.6B | ¥79.3B | ¥72.9B | ¥56.0B |
| Total debt | ¥535B | ¥512B | ¥475B | ¥488B | ¥488B |
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 |
|---|---|---|---|---|---|---|
| Keikyu 9006.T | $2.73B | +2% | +4% | 11% | 13.4× | n/a |
| Tokyu 9005.T | $6.14B | -3% | +5% | 9% | 10.0× | n/a |
| Sotetsu 9003.T | $1.55B | -4% | +9% | 13% | 10.1× | n/a |
| East Japan Railway 9020.T | $27.4B | +13% | +9% | 14% | 15.8× | 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 |
| Tokyo Metro 9023.T | $5.31B | -8% | +3% | 21% | 16.5× | 4.8% |
| Tobu Railway 9001.T | $3.58B | +3% | +5% | 11% | 10.0× | n/a |
| Keio 9008.T | $2.80B | +3% | +10% | 10% | 10.5× | 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 | 9006.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.4% | +4.4% | 7th lowest of 15 |
| 6-month return | +2.0% | +0.6% | 7th highest of 15 |
| Distance from 52-week high | -6.3% | -12.0% | 2nd highest of 15 |
| Revenue growth (TTM) | +3.9% | +5.0% | 6th lowest of 15 |
| Operating margin | 10.7% | 11.9% | 7th lowest of 15 |
| Forward P/E | 13.4× | 13.8× | 7th cheapest of 14 |
| ROIC minus cost of capital | -2.4 pp | -1.0 pp | 5th lowest of 14 |
| EV / EBITDA | 14.7× | 10.3× | 4th most expensive of 12 |
| Net debt / EBITDA | 7.8× | 5.1× | 2nd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Keikyu 9006.T | Japan | $2.73B | +2% | +4% | 11% | 13.4× | n/a | n/a |
| Keio 9008.T | Japan | $2.80B | +3% | +10% | 10% | 10.5× | n/a | n/a |
| Guangshen Railway 0525.HK | Hong Kong | $3.12B | -9% | +5% | 6% | 9.6× | n/a | n/a |
| Keihan 9045.T | Japan | $2.15B | +3% | +10% | 15% | 11.5× | n/a | n/a |
| Kyushu Railway 9142.T | Japan | $3.53B | 0% | +5% | 14% | 11.3× | n/a | n/a |
| Container Corporation of India CONCOR.NS | India | $3.55B | -16% | +1% | 14% | 25.4× | 33.8% | +7.2% |
| Tobu Railway 9001.T | Japan | $3.58B | +3% | +5% | 11% | 10.0× | n/a | n/a |
| Odakyu Electric Railway 9007.T | Japan | $3.80B | +11% | +3% | 13% | 15.1× | n/a | n/a |
| Jungfraubahn JFN.SW | Switzerland | $1.81B | +1% | -4% | 21% | 22.2× | 4.4% | +22.3% |
| 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 |
| GATX GATX | United States | $6.38B | -2% | +30% | 30% | 17.0× | n/a | n/a |
| China Railway Tielong Container Logistics 600125.SS | China | $1.06B | -12% | -2% | 7% | 11.5× | -21.0% | -5.4% |
| China High-Speed Railway Technology 000008.SZ | China | $919M | -14% | -11% | -19% | n/a | 8.7% | +2.1% |
| West Japan Railway 9021.T | Japan | $9.19B | +12% | +6% | 10% | 13.8× | 2.4% | +14.9% |