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Railway conglomerate operating trains from Tokyo to Takao/western suburbs, plus real estate, retail and hotels.
Railway conglomerate operating trains from Tokyo to Takao/western suburbs, plus real estate, retail and hotels.
Fares from daily commuters, collected through passes and IC cards, give a steady base, though fare increases need government approval. Property and retail built around its stations, such as a department store, shopping centers and housing, add income.
In one line: A Japanese diversified commuter-rail conglomerate.
Moat: narrow (regulatory licence, installed base). Regulated rail monopoly along its commuter routes plus station-area real estate.
Headquarters: Tokyo, Japan · Founded: 1948 · Employees: 13,079
Size Keio (9008.T) is a Japan Industrials company (Railroads) with a market value of $2.80B, the 381st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥761 on 6 Nov 2026.
Performance Over six months the shares gained 3.3%, against +0.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 15 in its peer set.
Growth Revenue grew 9.6% over the last twelve months (peer median +4.5%); the operating margin is 10.2% (peer median 11.9%).
Valuation It trades at 10.5× forward earnings against a peer median of 13.8× (3rd cheapest of 14).
Capital Return on invested capital runs 1.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥506B | ¥497B | ¥453B | ¥409B | ¥347B |
| Revenue growth | — | +10% | +11% | +18% | — |
| Gross profit | ¥114B | ¥101B | ¥100B | ¥84.4B | ¥58.5B |
| EBITDA | ¥87.7B | ¥86.9B | ¥87.0B | ¥74.7B | ¥50.6B |
| Net income | ¥42.7B | ¥42.9B | ¥42.9B | ¥29.2B | ¥13.1B |
| Free cash flow | n/a | -¥30.5B | -¥20.3B | ¥7.96B | -¥31.1B |
| Capital expenditure | n/a | ¥67.6B | ¥48.9B | ¥44.3B | ¥56.1B |
| Total debt | ¥481B | ¥477B | ¥456B | ¥472B | ¥411B |
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 |
|---|---|---|---|---|---|---|
| Keio 9008.T | $2.80B | +3% | +10% | 10% | 10.5× | 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 |
| East Japan Railway 9020.T | $27.4B | +13% | +9% | 14% | 15.8× | n/a |
| Tokyu 9005.T | $6.14B | -3% | +5% | 9% | 10.0× | n/a |
| Tobu Railway 9001.T | $3.58B | +3% | +5% | 11% | 10.0× | n/a |
| Keikyu 9006.T | $2.73B | +2% | +4% | 11% | 13.4× | n/a |
| Tokyo Metro 9023.T | $5.31B | -8% | +3% | 21% | 16.5× | 4.8% |
| Keisei Electric Railway 9009.T | $4.51B | +26% | +4% | 11% | 15.5× | 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 | 9008.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | +4.4% | 4th lowest of 15 |
| 6-month return | +3.3% | +0.6% | 5th highest of 15 |
| Distance from 52-week high | -10.4% | -12.0% | 6th highest of 15 |
| Revenue growth (TTM) | +9.6% | +4.5% | 2nd highest of 15 |
| Operating margin | 10.2% | 11.9% | 4th lowest of 15 |
| Forward P/E | 10.5× | 13.8× | 3rd cheapest of 14 |
| ROIC minus cost of capital | -1.0 pp | -1.4 pp | 7th highest of 14 |
| EV / EBITDA | 10.1× | 12.5× | 4th cheapest of 12 |
| Net debt / EBITDA | 5.1× | 5.5× | 6th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Guangshen Railway 0525.HK | Hong Kong | $3.12B | -9% | +5% | 6% | 9.6× | 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 |
| Keihan 9045.T | Japan | $2.15B | +3% | +10% | 15% | 11.5× | 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% |