Want to see JP:9005 full AI Analyst Report?
Top Page
Tokyu
(9005)
Select Model
Select Model
Rating:59Neutral
Price Target:
¥1,713.00
▲(3.32% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by mixed fundamentals: strong profitability recovery and margin improvement are offset by elevated leverage and notably inconsistent cash generation (negative free cash flow in 2026). Technically, the stock is in a clear downtrend below major moving averages with bearish momentum, which pressures the score despite an oversold backdrop. Valuation is supportive with a low P/E and a modest dividend yield.
Positive Factors
Integrated rail, real estate and lifestyle ecosystem
Tokyu’s integrated model creates durable synergies: rail access supports station-area footfall, while property and commercial development can strengthen ridership and monetize the same urban corridors.
Negative Factors
Elevated leverage
Tokyu’s substantial debt burden limits financial flexibility and increases sensitivity to weaker operating conditions. Leverage could constrain investment capacity or shareholder returns if earnings weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated rail, real estate and lifestyle ecosystem
Tokyu’s integrated model creates durable synergies: rail access supports station-area footfall, while property and commercial development can strengthen ridership and monetize the same urban corridors.
Read all positive factors
Tokyu (9005) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥990.97B
Dividend Yield1.81%
Average Volume (3M)1.33M
Price to Earnings (P/E)9.7
Beta (1Y)0.21
Revenue Growth5.27%
EPS Growth33.74%
CountryJP
Employees24,262
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)152.22
Shares Outstanding624,869,900
10 Day Avg. Volume1,443,180
30 Day Avg. Volume1,329,756
Financial Highlights & Ratios
PEG Ratio0.95
Price to Book (P/B)1.17
Price to Sales (P/S)0.98
P/FCF Ratio-29.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)161.44
Revenue Forecast (FY)¥1.14T
Tokyu Business Overview & Revenue Model
Company Description
Tokyu Corporation, alongside its various subsidiaries, conducts a broad array of operations both within Japan and worldwide. Its diverse business segments include transportation (encompassing railway, bus, and airport services), real estate (invol...
How the Company Makes Money
Tokyu makes money through a multi-segment model in which its rail operations anchor a broader set of businesses along the same corridor. Key revenue streams generally include: (1) Transportation: Fare revenue from passenger railway services, plus ...
Tokyu Earnings Call Summary
Earnings Call Date:Nov 08, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance with significant year-on-year growth in revenue and profits. Positive results were seen across multiple segments, and the company presented an improved full-year forecast. New projects and developments are on track, and there were notable achievements in the hotel sector and ESG initiatives. However, some challenges remain, such as lower commuter usage on the Shin-Yokohama Line and risks from rising construction costs.Positive Updates
Strong Year-on-Year Growth in Q2 FY 2023
Operating revenue was JPY 483.4 billion, up JPY 48.7 billion year-on-year. Operating profit rose by JPY 23.7 billion, and profit attributable to owners of parent increased by JPY 16.5 billion.
Negative Updates
Lower Than Expected Commuter Usage on Shin-Yokohama Line
Although the new line reached 70% of its passenger target, commuter usage has not yet met expectations, requiring time for public awareness and demand generation.
Read all updates
Q2-2024 Updates
Positive
Negative
Strong Year-on-Year Growth in Q2 FY 2023
Operating revenue was JPY 483.4 billion, up JPY 48.7 billion year-on-year. Operating profit rose by JPY 23.7 billion, and profit attributable to owners of parent increased by JPY 16.5 billion.
Read all positive updates
Company Guidance
During the earnings call for Tokyu Corporation's second quarter of FY 2024, President Horie provided comprehensive guidance on financial performance and forecasts. The company reported operating revenue of JPY 483.4 billion and an operating profit of JPY 45.5 billion, with profits attributable to owners at JPY 35 billion, showing significant year-on-year increases of JPY 48.7 billion, JPY 23.7 billion, and JPY 16.5 billion, respectively. For the full year FY 2023, Tokyu Corporation forecasts operating revenue of JPY 1.0395 trillion, operating profit of JPY 85 billion, and profit attributable to owners of JPY 54 billion, reflecting an upward revision from earlier predictions. Key segments like Transportation and Real Estate saw notable improvements, with the Transportation sector alone revising its operating profit forecast up by JPY 7 billion due to increased fares and reduced power costs. The company also highlighted initiatives in urban development and sustainability, emphasizing a 38% reduction in CO2 emissions compared to FY 2019, and plans for a cyclical reinvestment strategy designed to enhance the value and competitiveness of areas along Tokyu lines. Additionally, Tokyu Corporation announced a year-end dividend of JPY 10, raising the annual dividend to JPY 17.5 per share.Tokyu Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
55
Neutral
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.09T | 1.05T | 1.04T | 931.29B | 879.11B |
| Gross Profit | 341.47B | 321.48B | 308.05B | 249.65B | 227.32B |
| EBITDA | 209.57B | 202.98B | 189.54B | 132.86B | 119.58B |
| Net Income | 87.07B | 79.68B | 63.94B | 26.00B | 8.78B |
Balance Sheet | |||||
| Total Assets | 2.92T | 2.70T | 2.65T | 2.61T | 2.48T |
| Cash, Cash Equivalents and Short-Term Investments | 83.53B | 62.13B | 43.35B | 69.34B | 52.27B |
| Total Debt | 1.38T | 1.30T | 1.26T | 1.22T | 1.20T |
| Total Liabilities | 1.96T | 1.83T | 1.82T | 1.83T | 1.73T |
| Stockholders Equity | 911.13B | 827.98B | 790.50B | 740.62B | 702.97B |
Cash Flow | |||||
| Free Cash Flow | -35.64B | 24.56B | 28.47B | -59.28B | -31.13B |
| Operating Cash Flow | 127.75B | 155.10B | 145.33B | 95.40B | 85.58B |
| Investing Cash Flow | -172.06B | -113.73B | -99.88B | -152.88B | -77.23B |
| Financing Cash Flow | 65.46B | -25.53B | -73.08B | 73.06B | -2.95B |
Tokyu Technical Analysis
Negative
1658.00
Price Trends
1694.55
Negative
1705.27
Negative
1760.91
Negative
Market Momentum
-14.91
Negative
40.61
Neutral
34.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9005, the sentiment is Negative. The current price of 1658 is below the 20-day moving average (MA) of 1664.60, below the 50-day MA of 1694.55, and below the 200-day MA of 1760.91, indicating a bearish trend. The MACD of -14.91 indicates Negative momentum. The RSI at 40.61 is Neutral, neither overbought nor oversold. The STOCH value of 34.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9005.
Tokyu Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥370.46B | 9.67 | 9.80% | 2.01% | -0.35% | 209.70% | |
71 Outperform | ¥1.24T | 15.53 | 12.81% | 1.90% | 0.06% | 43.97% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥756.92B | 26.64 | 6.72% | 1.76% | -2.32% | -30.08% | |
59 Neutral | ¥990.97B | 9.67 | 9.98% | 1.67% | 5.27% | 33.74% | |
59 Neutral | ¥706.19B | -183.79 | -0.88% | 1.52% | 1.79% | -114.35% | |
50 Neutral | ¥3.77T | 39.17 | 7.77% | 2.02% | 8.17% | 408.65% |
* Consumer Cyclical Sector Average
JP:9005
Tokyu
1,660.50
-191.20
-10.33%
JP:8267
AEON Co
1,356.50
-417.63
-23.54%
JP:3099
Isetan Mitsukoshi Holdings
3,514.00
1,053.52
42.82%
JP:3086
J FRONT RETAILING Co
2,952.50
694.51
30.76%
JP:8233
Takashimaya Company
2,343.50
1,033.95
78.96%
JP:8242
H2O Retailing Corporation
3,046.00
959.38
45.98%
Tokyu Corporate Events
Tokyu Accelerates Share Buybacks Under ¥20 Billion Repurchase Plan
Aug 7, 2026
Tokyu Corporation has disclosed the execution of a share buyback program authorized under Japan’s Companies Act, purchasing 3,700,900 common shares on the market between July 1 and July 31, 2026, for a total of approximately ¥6.4 billio...
Tokyu Releases Summary of First-Quarter FY2026 Results and Forecasts
Aug 7, 2026
Tokyu Corporation has released a summary of its financial results for the first quarter of the fiscal year ending March 31, 2027, outlining performance across its core businesses. The disclosure also provides key performance indicators and detaile...
Tokyu posts higher Q1 revenue and profit, raises annual dividend outlook
Aug 7, 2026
Tokyu Corporation reported consolidated operating revenue of ¥273.5 billion for the first quarter of the fiscal year ending March 31, 2027, a 4.6% year-on-year increase, while operating profit slipped 2.8% to ¥31.4 billion and ordinary p...
Tokyu Advances Share Buyback Program, Repurchasing 3.28 Million Shares in June
Jul 3, 2026
Tokyu Corporation disclosed that it repurchased 3,280,400 of its own common shares on the market between June 1 and June 30, 2026, at a total cost of approximately ¥5.49 billion. The buyback forms part of a broader capital initiative authoriz...
Tokyu Cuts Convertible Bond Conversion Prices After Extraordinary Dividend
Jun 26, 2026
Tokyu Corporation has adjusted the conversion prices on its zero coupon convertible bonds maturing in 2028 and 2030, following shareholder approval of its annual dividend for the fiscal year ended 31 March 2026. The conversion price on the 2028 bo...
Tokyu Advances Share Buyback Program with ¥4.3 Billion Repurchase
Jun 5, 2026
Tokyu Corporation has executed a share buyback under its Articles of Incorporation and Japan’s Companies Act, purchasing 2,624,600 common shares via market transactions between May 13 and May 31, 2026, at a total cost of about ¥4.29 bil...
Tokyu names veteran executive Hirohisa Fujiwara as new Representative Director
May 29, 2026
Tokyu Corporation has announced a leadership change, appointing long-time executive Hirohisa Fujiwara as Representative Director and Senior Managing Executive Officer, effective June 26, 2026, following approval at the 157th Ordinary General Meeti...
Tokyu lifts profits and dividends as assets and equity strengthen in FY2026
May 29, 2026
Tokyu Corporation reported consolidated operating revenue of ¥1.086 trillion for the fiscal year ended March 31, 2026, up 3.0% year on year, with ordinary profit rising 7.8% to ¥116.1 billion and profit attributable to owners of parent i...
Tokyu Revises Investor Presentation for Fiscal 2026, Corrects Railway Targets
May 27, 2026
Tokyu Corporation has issued a correction to its previously released investor presentation for the fiscal year ended March 2026, acknowledging errors in disclosed materials. The company amended information related to numerical targets and initiati...
Tokyu Revises Full-Year 2026 Results Summary With Higher Profit Metrics
May 27, 2026
Tokyu Corporation has issued corrections to its previously disclosed summary of financial results for the year ended March 2026, mainly affecting numerical targets and consolidated financial statement figures such as total comprehensive income and...
Tokyu Revises FY2026 Earnings Figures After Retirement Benefit Error
May 27, 2026
Tokyu Corporation has corrected portions of its earnings report for the fiscal year ended March 31, 2026, after identifying errors related to retirement benefits during preparation of its Annual Securities Report. The revisions affect certain cons...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.