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Railway and bus conglomerate (Nishitetsu) operating transportation, real estate and retail around Fukuoka, Kyushu.
Railway and bus conglomerate (Nishitetsu) operating transportation, real estate and retail around Fukuoka, Kyushu.
Collects train and bus fares from commuters and visitors in Fukuoka, with real estate around Tenjin station adding to it. The Tenjin redevelopment of offices and retail is its biggest project, and it also runs logistics and hotels.
In one line: A Japanese diversified rail/bus conglomerate serving a regional capital.
Moat: narrow (regulatory licence, installed base). Regulated rail/bus network and real estate holdings across the Fukuoka metro area.
Headquarters: Fukuoka, Japan · Founded: 1908 · Employees: 19,505
Size Nishi-Nippon Railroad (9031.T) is a Japan Industrials company (Other Transportation) with a market value of $1.37B, the 602nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,852 on 6 Nov 2026.
Performance Over six months the shares fell 0.1%, against -3.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 10.0% over the last twelve months (peer median +3.4%); the operating margin is 6.6% (peer median 19.1%).
Valuation It trades at 9.0× forward earnings against a peer median of 15.0× (2nd cheapest of 12).
Capital Return on invested capital runs 1.3 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥490B | ¥474B | ¥443B | ¥412B | ¥495B |
| Revenue growth | — | +7% | +8% | -17% | — |
| Gross profit | ¥65.0B | ¥60.2B | ¥55.6B | ¥53.7B | ¥53.6B |
| EBITDA | ¥57.0B | ¥54.3B | ¥46.8B | ¥44.2B | ¥44.7B |
| Net income | ¥34.1B | ¥32.2B | ¥20.8B | ¥24.7B | ¥18.4B |
| Free cash flow | n/a | -¥63.0M | -¥67.9B | ¥6.17B | ¥21.5B |
| Capital expenditure | n/a | ¥38.7B | ¥83.5B | ¥56.0B | ¥22.3B |
| Total debt | ¥364B | ¥363B | ¥366B | ¥317B | ¥335B |
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 |
|---|---|---|---|---|---|---|
| Nishi-Nippon Railroad 9031.T | $1.37B | 0% | +10% | 7% | 9.0× | n/a |
| Kyushu Railway 9142.T | $3.53B | 0% | +5% | 14% | 11.3× | 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 | 9031.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | -1.2% | 9th highest of 21 |
| 6-month return | -0.1% | -3.2% | 8th highest of 21 |
| Distance from 52-week high | -13.5% | -19.1% | 9th highest of 21 |
| Revenue growth (TTM) | +10.0% | +3.4% | 6th highest of 21 |
| Operating margin | 6.6% | 19.1% | 6th lowest of 21 |
| Forward P/E | 9.0× | 15.0× | 2nd cheapest of 12 |
| ROIC minus cost of capital | -1.3 pp | -0.6 pp | 9th lowest of 21 |
| EV / EBITDA | 9.3× | 13.9× | 4th cheapest of 10 |
| Net debt / EBITDA | 5.3× | 2.3× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nishi-Nippon Railroad 9031.T | Japan | $1.37B | 0% | +10% | 7% | 9.0× | n/a | n/a |
| Henan Zhongyuan Expressway 600020.SS | China | $1.43B | +5% | -11% | 20% | 9.4× | 5.9% | +5.4% |
| Shenzhen International 0152.HK | Hong Kong | $1.49B | -35% | +15% | 11% | 6.1× | n/a | n/a |
| Fujian Expressway Development 600033.SS | China | $1.51B | +1% | -3% | 47% | n/a | -16.1% | +5.6% |
| Xizang Tianlu 600326.SS | China | $1.24B | -35% | -8% | 0% | 26.3× | 24.9% | -13.0% |
| Shreeji Shipping Global SHREEJISPG.NS | India | $1.53B | +111% | +21% | 24% | n/a | n/a | n/a |
| 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% |
| FirstGroup FGP.L | United Kingdom | $1.60B | +40% | -6% | 5% | 11.4× | -7.6% | +1.9% |
| Evergreen Aviation Technologies 2645.TW | Taiwan | $1.67B | -8% | +10% | 17% | 16.2× | -1.0% | +11.2% |
| StorageVault Canada SVI.TO | Canada | $1.09B | -4% | +9% | 23% | n/a | 21.9% | +16.6% |
| Hamburger Hafen und Logistik HHFA.DE | Germany | $1.72B | -2% | +3% | 7% | n/a | n/a | n/a |
| 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% |
| CTS International Logistics 603128.SS | China | $1.02B | -5% | +15% | 3% | 15.0× | -5.1% | +5.0% |
| Guangxi Wuzhou Communications 600368.SS | China | $1.01B | +8% | -40% | 48% | n/a | 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% |
| Hutchison Port Holdings Trust NS8U.SI | Singapore | $1.96B | +7% | +5% | 42% | 15.3× | -10.5% | +1.7% |
| Sichuan Haite High-Tech 002023.SZ | China | $948M | -31% | +14% | -28% | n/a | 31.4% | +10.4% |