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← CockpitCompetitor Analysis › 9042.T Hankyu Hanshin Holdings, Inc.Open in the cockpit ↗

Hankyu Hanshin Holdings, Inc.9042.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Other Transportation

Operates railways, real estate, retail and the Hanshin Tigers baseball team in the Osaka/Kansai region.

≈ A railway-plus-real estate-plus-sports team conglomerate, unlike US comparablesMomentum strong 66
Mkt cap
$7.03B
US dollars, full cap
Free float
85%
of shares outstanding
$/day
$36.1M
20-day average traded
Fwd P/E
13.2×
forward earnings
ROIC−WACC
-1.9 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
84 days
29 Jan 2027
Close · JPY¥4,655
1D-5.4%
1W+6.5%
1M+3.9%
3M+0.5%
6M+3.0%
YTD+18.1%
1Y+4.1%
ATR %2.7%
52w lowhigh10.2% off high

What Hankyu Hanshin does

Operates railways, real estate, retail and the Hanshin Tigers baseball team in the Osaka/Kansai region.

Earns fares from commuters on its railways, then adds earnings from the land around the stations: rental offices and retail complexes at Umeda in Osaka, housing development, and entertainment such as the Takarazuka Revue theatre troupe and baseball. Property and entertainment have long carried a large part of profit alongside the rail itself.

In one line: A railway-plus-real estate-plus-sports team conglomerate, unlike US comparables.

Products and services

  • Railway/rail transit
  • Real estate development
  • Retail (Hankyu department stores)
  • Hanshin Tigers baseball team

Customers

  • Kansai-area commuters
  • Residents/tenants along rail lines

Where it sits in the supply chain

  • Transport + real estate
  • Railway operation & real estate…
  • Rail transit, property, retail…

What could go right

  • Kansai region real estate development

What could go wrong

  • Japan population decline along rail lines

Moat: narrow (regulatory licence, installed base, brand). Rail line ownership anchors captive real estate/retail development plus a beloved sports franchise.

Headquarters: Osaka, Japan · Founded: 1907 · Employees: 23,867

Named competitors

Hankyu Hanshin at a glance

Size Hankyu Hanshin (9042.T) is a Japan Industrials company (Other Transportation) with a market value of $7.03B, the 180th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,655 on 6 Nov 2026.

Performance Over six months the shares gained 3.0%, against -1.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 6.4% over the last twelve months (peer median +9.6%); the operating margin is 10.0% (peer median 23.1%).

Valuation It trades at 13.2× forward earnings against a peer median of 17.0× (7th cheapest of 19).

Capital Return on invested capital runs 1.9 points below its cost of capital (5.0% WACC).

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 20269042.T 105Peer median 99
Six months, rebased to 100: Hankyu Hanshin against the median of its 20 peers (local-currency closes).

Hankyu Hanshin financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥1.25T¥1.20T¥1.11T¥998B¥968B
Revenue growth—+9%+11%+3%—
Gross profit¥219B¥167B¥142B¥136B¥116B
EBITDAn/a¥195B¥178B¥171B¥154B
Net income¥77.2B¥78.5B¥67.4B¥67.8B¥47.0B
Free cash flown/a-¥57.7B-¥40.5B-¥14.8B¥39.3B
Capital expendituren/a¥109B¥128B¥138B¥92.8B
Total debt¥1.54T¥1.43T¥1.28T¥1.17T¥1.11T

Quarterly statements and history in the cockpit →

Hankyu Hanshin competitor charts

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.

Performance: 6-month against 1-month return

-10%0%+10%0%+10%+20%FRAKBHLLYFTFHZNASR60035061980144SARO6000099023OMAB01770576001965600515601880GMRAIRPORT2633S589042.T6-month return →1-month return →
Up and to the right = strong over both horizons. Hankyu Hanshin is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%0×100×200×300×FRALYFTFHZNASR60035061980144SARO600009OMAB0576001965600515GMRAIRPORTS589042.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hankyu Hanshin is the large dot.

Hankyu Hanshin competitors and peer comparison

Head to head with its named competitors (9042.T vs 9005.T vs 9041.T vs 9045.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Hankyu Hanshin 9042.T$7.03B+3%+6%10%13.2×n/a
Tokyu 9005.T$6.14B-3%+5%9%10.0×n/a
Kintetsu 9041.T$4.23B+5%+2%5%13.5×n/a
Keihan 9045.T$2.15B+3%+10%15%11.5×n/a
NANKAI 9044.T$2.03B0%+7%15%13.1×n/a
West Japan Railway 9021.T$9.19B+12%+6%10%13.8×2.4%
Odakyu Electric Railway 9007.T$3.80B+11%+3%13%15.1×n/a
Tobu Railway 9001.T$3.58B+3%+5%11%10.0×n/a

How Hankyu Hanshin compares with its peers

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.

Hankyu Hanshin against its 20 peers (data as of 6 Nov 2026)
Measure9042.TPeer medianRank in peer set
1-month return+3.9%+6.9%10th lowest of 21
6-month return+3.0%-1.3%8th highest of 21
Distance from 52-week high-10.2%-19.0%5th highest of 21
Revenue growth (TTM)+6.4%+9.6%7th lowest of 21
Operating margin10.0%23.1%5th lowest of 21
Forward P/E13.2×17.0×7th cheapest of 19
ROIC minus cost of capital-1.9 pp+0.6 pp6th lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Hankyu Hanshin 9042.TJapan$7.03B+3%+6%10%13.2×n/an/a
Fraport FRA.DEGermany$7.09B+1%+3%19%21.2×6.3%+21.5%
Kobenhavns Lufthavne A/S KBHL.CODenmark$6.60B-6%+9%34%n/a6.7%+28.5%
Lyft LYFTUnited States$6.47B+19%+11%-2%21.9×-6.1%+21.7%
Flughafen Zurich FHZN.SWSwitzerland$7.94B-3%+4%35%20.3×0.3%+16.9%
Grupo Aeroportuario del Sureste SAB de CV Sponsored ADR ASRUnited States$7.95B-15%+26%41%12.2×-2.3%+27.0%
Shandong Hi-speed 600350.SSChina$8.06B+4%-4%20%18.0×4.7%+13.0%
Qingdao Port International 6198.HKHong Kong$8.84B-1%+10%32%8.0×-12.2%+6.5%
China Merchants Port 0144.HKHong Kong$8.93B+5%+14%38%9.3×4.1%+8.3%
StandardAero SAROUnited States$9.14B+10%+13%10%16.4×10.9%+13.5%
Shanghai International Airport 600009.SSChina$9.22B-9%+7%19%23.7×-2.6%+25.4%
Tokyo Metro 9023.TJapan$5.31B-8%+3%21%16.5×4.8%+7.4%
Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR OMABUnited States$5.21B+2%+21%53%13.2×-5.1%+27.2%
Jiangsu Expressway 0177.HKHong Kong$9.54B+6%+8%26%10.1×n/an/a
Zhejiang Expressway 0576.HKHong Kong$4.86B-13%+18%33%5.9×n/an/a
China Merchants Expressway Network & Technology 001965.SZChina$10.6B+10%+26%15%14.6×6.7%+13.7%
Hainan Airport Infrastructure 600515.SSChina$4.56B-26%+25%-5%133.0×n/an/a
Liaoning Port 601880.SSChina$4.54B-10%-3%21%n/a-10.7%-1.3%
GMR Airports GMRAIRPORT.NSIndia$11.1B-2%+29%27%296.2×n/an/a
Taiwan High Speed Rail 2633.TWTaiwan$4.36B-3%+4%39%19.2×0.8%+6.9%
SATS S58.SISingapore$4.34B+15%+9%9%17.6×-0.2%+45.6%

Questions

Who are Hankyu Hanshin's main competitors?
Named competitors: Tokyu Corp (9005.T), Kintetsu Group Holdings (9041.T), Keihan Holdings (9045.T), Nankai Electric Railway (9044.T), West Japan Railway (9021.T), Odakyu Electric Railway (9007.T). The cockpit's measured peer set (industry) also includes Fraport (FRA.DE), Kobenhavns Lufthavne A/S (KBHL.CO), Lyft (LYFT), Flughafen Zurich (FHZN.SW), Grupo Aeroportuario del Sureste SAB de CV Sponsored ADR (ASR), Shandong Hi-speed (600350.SS).
Is Hankyu Hanshin expensive compared with its peers?
On forward p/e it trades at 13.2× against a peer median of 17.0×, 7th cheapest of 19 in its peer set.
How has Hankyu Hanshin stock performed?
Over six months to 6 Nov 2026 the shares returned +3.0% against -1.3% for the median peer; over one year +4.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.