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Operates a railway network plus Prince Hotels resorts, part of the Seibu conglomerate.
Operates a railway network plus Prince Hotels resorts, part of the Seibu conglomerate.
Rail income comes from fares on lines serving Tokyo's western and northwestern suburbs, steady but tied to commuter numbers. Hotels and resorts, including ski and golf sites, are more cyclical and lean on tourists. It owns much of the land it operates on, so property is a third source of income.
In one line: A railway-plus-hotel conglomerate, unlike anything in the US.
Moat: narrow (regulatory licence, brand, installed base). Rail line licenses and the established Prince Hotels brand anchor a captive customer base.
Headquarters: Tokorozawa, Japan · Founded: 2004 · Employees: 21,557
Size Seibu (9024.T) is a Japan Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $6.11B, the 206th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,742 on 6 Nov 2026.
Performance Over six months the shares gained 1.6%, against +7.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 41.0% over the last twelve months (peer median +4.8%); the operating margin is 9.9% (peer median 16.4%).
Valuation It trades at 29.6× forward earnings against a peer median of 17.6× (5th most expensive of 19).
Capital Return on invested capital runs 2.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥535B | ¥513B | ¥901B | ¥478B | ¥428B |
| Revenue growth | — | -43% | +89% | +11% | — |
| Gross profit | ¥105B | ¥91.3B | ¥341B | ¥86.0B | ¥59.0B |
| EBITDA | ¥112B | ¥103B | ¥347B | ¥102B | ¥77.2B |
| Net income | ¥42.1B | ¥38.9B | ¥258B | ¥27.0B | ¥56.8B |
| Free cash flow | n/a | -¥153B | ¥366B | ¥21.6B | ¥10.2B |
| Capital expenditure | n/a | ¥154B | ¥108B | ¥70.4B | ¥56.9B |
| Total debt | ¥697B | ¥655B | ¥670B | ¥764B | ¥793B |
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 |
|---|---|---|---|---|---|---|
| Seibu 9024.T | $6.11B | +2% | -41% | 10% | 29.6× | n/a |
| Tokyu 9005.T | $6.14B | -3% | +5% | 9% | 10.0× | n/a |
| Hankyu Hanshin 9042.T | $7.03B | +3% | +6% | 10% | 13.2× | n/a |
| Tobu Railway 9001.T | $3.58B | +3% | +5% | 11% | 10.0× | n/a |
| Odakyu Electric Railway 9007.T | $3.80B | +11% | +3% | 13% | 15.1× | n/a |
| Keio 9008.T | $2.80B | +3% | +10% | 10% | 10.5× | n/a |
| Keikyu 9006.T | $2.73B | +2% | +4% | 11% | 13.4× | n/a |
| 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 | 9024.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.0% | +12.7% | 5th lowest of 21 |
| 6-month return | +1.6% | +7.1% | 8th lowest of 21 |
| Distance from 52-week high | -32.2% | -11.4% | lowest of 21 |
| Revenue growth (TTM) | -41.0% | +4.8% | lowest of 21 |
| Operating margin | 9.9% | 16.4% | 3rd lowest of 21 |
| Forward P/E | 29.6× | 17.6× | 5th most expensive of 19 |
| ROIC minus cost of capital | -2.0 pp | -1.3 pp | 9th lowest of 20 |
| EV / EBITDA | 14.4× | 13.1× | 7th most expensive of 19 |
| Net debt / EBITDA | 5.7× | 3.8× | 4th most indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Seibu 9024.T | Japan | $6.11B | +2% | -41% | 10% | 29.6× | n/a | n/a |
| Whitbread WTB.L | United Kingdom | $6.37B | +25% | +2% | 21% | 15.8× | 9.7% | +37.7% |
| Vail Resorts MTN | United States | $5.66B | +26% | -4% | 16% | 27.9× | 9.6% | +8.2% |
| Wyndham Hotels & Resorts WH | United States | $5.64B | -6% | +1% | 37% | 15.2× | 1.8% | +1.8% |
| Choice Hotels International CHH | United States | $5.29B | +12% | +2% | 25% | 15.8× | 4.8% | +15.6% |
| Red Rock Resorts RRR | United States | $5.06B | -11% | +1% | 23% | 17.9× | 13.3% | +11.2% |
| Atour Lifestyle Holdings Ltd. Sponsored ADR ATAT | United States | $4.82B | -6% | +45% | 21% | 15.8× | 1.8% | +43.1% |
| Norwegian Cruise Line NCLH | United States | $8.23B | +5% | +5% | 14% | 13.8× | n/a | n/a |
| Travel + Leisure TNL | United States | $4.54B | +15% | +5% | 17% | 8.8× | 3.2% | +11.2% |
| Monte-Carlo Societe des Bains de Mer BAIN.PA | France | $4.06B | +9% | +12% | 9% | n/a | 24.2% | +20.7% |
| Hanjinkal 180640.KS | South Korea | $9.60B | +74% | +7% | 1% | 43.3× | n/a | n/a |
| ITC Hotels ITCHOTELS.NS | India | $3.85B | +5% | +65% | 25% | 34.6× | 37.0% | +64.8% |
| Shanghai Jin Jiang International Hotels 600754.SS | China | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% | +6.9% |
| Accor AC.PA | France | $12.8B | +12% | 0% | 16% | 22.9× | 14.4% | +28.3% |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| Indian Hotels INDHOTEL.NS | India | $13.4B | +33% | +15% | 26% | 55.6× | 42.0% | +43.8% |
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| H World 1179.HK | Hong Kong | $15.3B | +3% | +13% | 27% | 18.8× | 6.2% | +19.1% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Resorttrust 4681.T | Japan | $2.36B | -1% | +8% | 12% | 16.4× | -6.4% | +9.4% |
| Scandic Hotels SHOT.ST | Sweden | $2.29B | +16% | +3% | 13% | 17.2× | 3.2% | +24.4% |