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← CockpitCompetitor Analysis › 9142.T Kyushu Railway CompanyOpen in the cockpit ↗

Kyushu Railway Company9142.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Railroads

Japan Railways' Kyushu operator, running trains, real estate and retail across Japan's Kyushu region.

≈ A regional US Class I-style railroad with a diversified real estate armMomentum strong 70
Mkt cap
$3.53B
US dollars, full cap
Free float
83%
of shares outstanding
$/day
$22.4M
20-day average traded
Fwd P/E
11.3×
forward earnings
ROIC−WACC
-0.0 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
95 days
9 Feb 2027
Close · JPY¥3,603
1D-4.8%
1W+6.1%
1M+7.4%
3M+4.1%
6M+0.4%
YTD-11.6%
1Y-9.3%
ATR %2.2%
52w lowhigh13.3% off high

What Kyushu Railway does

Japan Railways' Kyushu operator, running trains, real estate and retail across Japan's Kyushu region.

Fares from Shinkansen and local rail still carry the business, while stations double as shopping and office sites, giving it rent and retail income that does not depend on train riders. It listed in 2016, decades after the 1987 break-up of Japanese National Railways.

In one line: A regional US Class I-style railroad with a diversified real estate arm.

Products and services

  • Railway operations across Kyushu
  • Real estate development/leasing
  • Construction/retail businesses

Customers

  • Commuters/travelers across Kyushu
  • Real estate tenants

Where it sits in the supply chain

  • Industrials
  • Diversified railway conglomerate
  • Railways, real estate, retail…

What could go right

  • Kyushu semiconductor investment boosting regional economy/ridership

What could go wrong

  • Population decline in rural Kyushu

Moat: narrow (regulatory licence, installed base). Privatized former state railway with a regional monopoly and diversified non-rail real estate income.

Headquarters: Fukuoka, Japan · Founded: 1987 · Employees: 15,365

Named competitors

Kyushu Railway at a glance

Size Kyushu Railway (9142.T) is a Japan Industrials company (Railroads) with a market value of $3.53B, the 322nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,603 on 6 Nov 2026.

Performance Over six months the shares gained 0.4%, against +2.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 16 in its peer set.

Growth Revenue grew 5.3% over the last twelve months (peer median +4.8%); the operating margin is 13.6% (peer median 11.1%).

Valuation It trades at 11.3× forward earnings against a peer median of 14.9× (3rd cheapest of 15).

Capital Return on invested capital runs 0.0 points below its cost of capital (5.0% WACC).

Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).

Relative performance

909510010511 May 202611 Aug 20266 Nov 2026Peer median 1029142.T 100
Six months, rebased to 100: Kyushu Railway against the median of its 15 peers (local-currency closes).

Kyushu Railway financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥509B¥500B¥454B¥420B¥383B
Revenue growth—+10%+8%+10%—
Gross profit¥213B¥208B¥184B¥159B¥133B
EBITDA¥111B¥114B¥97.4B¥82.1B¥66.2B
Net income¥44.6B¥45.5B¥43.7B¥38.4B¥31.2B
Free cash flown/a-¥13.1B-¥16.2B-¥44.6B-¥42.7B
Capital expendituren/a¥85.9B¥113B¥134B¥105B
Total debt¥507B¥484B¥434B¥415B¥368B

Quarterly statements and history in the cockpit →

Kyushu Railway 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%+20%0%+10%CONCOR900190076013339008AZJ90099045GATXJFN9021600125GET0000089142.T6-month return →1-month return →
Up and to the right = strong over both horizons. Kyushu Railway is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%10×20×30×CONCOR900190076013339008AZJ90069045GATXJFN9021600125GET9142.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kyushu Railway is the large dot.

Kyushu Railway competitors and peer comparison

Head to head with its named competitors (9142.T vs 9021.T vs 9031.T vs 9020.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Kyushu Railway 9142.T$3.53B0%+5%14%11.3×n/a
West Japan Railway 9021.T$9.19B+12%+6%10%13.8×2.4%
Nishi-Nippon Railroad 9031.T$1.37B0%+10%7%9.0×n/a
East Japan Railway 9020.T$27.4B+13%+9%14%15.8×n/a
Central Japan Railway 9022.T$25.1B+11%+5%40%8.0×-6.8%
Hankyu Hanshin 9042.T$7.03B+3%+6%10%13.2×n/a
Kintetsu 9041.T$4.23B+5%+2%5%13.5×n/a

How Kyushu Railway 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.

Kyushu Railway against its 15 peers (data as of 6 Nov 2026)
Measure9142.TPeer medianRank in peer set
1-month return+7.4%+4.8%7th highest of 16
6-month return+0.4%+2.0%6th lowest of 16
Distance from 52-week high-13.3%-10.4%5th lowest of 16
Revenue growth (TTM)+5.3%+4.8%7th highest of 16
Operating margin13.6%11.1%7th highest of 16
Forward P/E11.3×14.9×3rd cheapest of 15
ROIC minus cost of capital-0.0 pp-1.0 pp5th highest of 16
EV / EBITDA9.2×13.5×3rd cheapest of 13
Net debt / EBITDA4.2×5.3×6th least indebted of 13

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
Kyushu Railway 9142.TJapan$3.53B0%+5%14%11.3×n/an/a
Container Corporation of India CONCOR.NSIndia$3.55B-16%+1%14%25.4×33.8%+7.2%
Tobu Railway 9001.TJapan$3.58B+3%+5%11%10.0×n/an/a
Odakyu Electric Railway 9007.TJapan$3.80B+11%+3%13%15.1×n/an/a
Guangshen Railway 601333.SSChina$3.16B+1%+5%6%16.3×-14.9%+11.9%
Keio 9008.TJapan$2.80B+3%+10%10%10.5×n/an/a
Aurizon AZJ.AXAustralia$4.49B-5%+6%21%14.8×4.4%+6.7%
Keisei Electric Railway 9009.TJapan$4.51B+26%+4%11%15.5×n/an/a
Keikyu 9006.TJapan$2.73B+2%+4%11%13.4×n/an/a
Keihan 9045.TJapan$2.15B+3%+10%15%11.5×n/an/a
GATX GATXUnited States$6.38B-2%+30%30%17.0×n/an/a
Jungfraubahn JFN.SWSwitzerland$1.81B+1%-4%21%22.2×4.4%+22.3%
West Japan Railway 9021.TJapan$9.19B+12%+6%10%13.8×2.4%+14.9%
China Railway Tielong Container Logistics 600125.SSChina$1.06B-12%-2%7%11.5×-21.0%-5.4%
Getlink GET.PAFrance$12.3B+9%+9%40%35.3×10.1%+14.3%
China High-Speed Railway Technology 000008.SZChina$919M-14%-11%-19%n/a8.7%+2.1%

Questions

Who are Kyushu Railway's main competitors?
Named competitors: West Japan Railway (9021.T), Nishi-Nippon Railroad (9031.T), East Japan Railway (9020.T), Central Japan Railway (9022.T), Hankyu Hanshin Holdings (9042.T), Kintetsu Group Holdings (9041.T). The cockpit's measured peer set (industry) also includes Container Corporation of India (CONCOR.NS), Tobu Railway (9001.T), Odakyu Electric Railway (9007.T), Guangshen Railway (601333.SS), Keio (9008.T), Aurizon (AZJ.AX).
Is Kyushu Railway expensive compared with its peers?
On forward p/e it trades at 11.3× against a peer median of 14.9×, 3rd cheapest of 15 in its peer set.
How has Kyushu Railway stock performed?
Over six months to 6 Nov 2026 the shares returned +0.4% against +2.0% for the median peer; over one year -9.3%.

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.