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Keio
(9008)
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Rating:62Neutral
Price Target:
¥805.00
▲(1.51% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by mixed financial quality: strong revenue/profit recovery is meaningfully held back by weak cash conversion and negative recent free cash flow, alongside moderately high leverage. Valuation is a positive factor (low P/E and ~2.9% yield), but technicals are slightly weak with negative MACD and price below key moving averages.
Positive Factors
Sustained Revenue Recovery
Multi-year revenue expansion indicates recovery in passenger-linked and commercial activities. Continued growth through 2026 suggests Keio is rebuilding demand across transportation, retail and property operations rather than relying on a single short-term factor.
Negative Factors
Weak Cash Conversion
Very low operating cash flow relative to earnings raises concerns about the quality and timing of profit conversion. If persistent, this could limit internally funded investment, dividends or debt reduction despite reported net income.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Recovery
Multi-year revenue expansion indicates recovery in passenger-linked and commercial activities. Continued growth through 2026 suggests Keio is rebuilding demand across transportation, retail and property operations rather than relying on a single short-term factor.
Read all positive factors
Keio (9008) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥454.03B
Dividend Yield2.8%
Average Volume (3M)373.06K
Price to Earnings (P/E)10.8
Beta (1Y)0.50
Revenue Growth9.62%
EPS Growth9.03%
CountryJP
Employees13,079
SectorIndustrials
Sector Strength72
IndustryRailroads
Share Statistics
EPS (TTM)72.97
Shares Outstanding586,018,100
10 Day Avg. Volume430,420
30 Day Avg. Volume373,056
Financial Highlights & Ratios
PEG Ratio3.32
Price to Book (P/B)1.02
Price to Sales (P/S)0.91
P/FCF Ratio-14.89
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)73.27
Revenue Forecast (FY)¥510.18B
Keio Business Overview & Revenue Model
Company Description
Established in 1948 and based in Tokyo, Japan, Keio Corporation primarily operates passenger railway services throughout the country. The company's diverse activities also encompass managing real estate, running department stores, and engaging in ...
How the Company Makes Money
Keio primarily generates revenue through a multi-segment model built around its railway network. (1) Transportation revenue: The core earnings come from passenger fares on its railway lines, supported by commuter demand, student travel, and discre...
Keio Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 506.36B | 496.94B | 452.92B | 408.69B | 347.13B | 299.87B |
| Gross Profit | 113.88B | 113.73B | 100.18B | 84.37B | 58.51B | 35.74B |
| EBITDA | 97.03B | 97.62B | 90.26B | 75.50B | 53.05B | 48.63B |
| Net Income | 42.66B | 42.93B | 42.86B | 29.24B | 13.11B | 5.58B |
Balance Sheet | ||||||
| Total Assets | 1.17T | 1.20T | 1.12T | 1.08T | 955.23B | 906.21B |
| Cash, Cash Equivalents and Short-Term Investments | 33.55B | 47.79B | 48.25B | 73.06B | 71.03B | 67.40B |
| Total Debt | 481.33B | 469.05B | 455.93B | 471.99B | 410.50B | 382.79B |
| Total Liabilities | 716.59B | 755.64B | 707.83B | 685.46B | 603.66B | 563.92B |
| Stockholders Equity | 454.71B | 443.84B | 414.64B | 393.18B | 351.59B | 342.32B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -30.47B | -20.27B | 7.96B | -31.05B | -8.76B |
| Operating Cash Flow | 0.00 | 37.08B | 28.61B | 52.26B | 25.04B | 28.22B |
| Investing Cash Flow | 0.00 | -35.64B | -38.11B | -42.48B | -42.05B | -14.32B |
| Financing Cash Flow | 0.00 | -1.90B | -15.36B | -7.76B | 20.63B | -23.26B |
Keio Technical Analysis
Positive
793.00
Price Trends
766.69
Positive
764.39
Positive
773.61
Positive
Market Momentum
3.07
Negative
54.26
Neutral
79.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9008, the sentiment is Positive. The current price of 793 is above the 20-day moving average (MA) of 775.01, above the 50-day MA of 766.69, and above the 200-day MA of 773.61, indicating a bullish trend. The MACD of 3.07 indicates Negative momentum. The RSI at 54.26 is Neutral, neither overbought nor oversold. The STOCH value of 79.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9008.
Keio Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥326.96B | 9.69 | 10.34% | 3.03% | 9.62% | 21.02% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥454.03B | 10.77 | 9.84% | 2.62% | 9.62% | 9.03% | |
62 Neutral | ¥667.93B | 12.22 | 9.33% | 1.70% | 1.93% | 22.25% | |
58 Neutral | ¥258.57B | 9.87 | ― | 2.63% | 8.74% | 35.24% | |
57 Neutral | ¥1.13T | 13.86 | 7.27% | 2.01% | 6.77% | 21.90% | |
48 Neutral | ¥868.81B | 20.47 | ― | 1.05% | -41.04% | -82.38% |
* Industrials Sector Average
JP:9008
Keio
786.20
64.47
8.93%
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Keio Corporate Events
Keio Lifts Revenue Outlook to Record as Depreciation Weighs on Profit
Aug 6, 2026
Keio Corporation reported that first-quarter operating revenue rose to 123.1 billion yen, driven by large-scale property sales in its real estate segment and higher passenger volumes in its railway operations. Hotels also contributed to revenue gr...
Keio lifts revenue but trims profits, tightens dividend after stock split
Aug 6, 2026
Keio Corporation reported an 8.3% year-on-year increase in operating revenue to ¥123.2 billion for the three months ended June 30, 2026, while operating profit slipped 2.9% to ¥16.2 billion and profit attributable to owners of parent edg...
Keio Overhauls Executive Lineup and Reorganizes Operations
Jun 25, 2026
Keio Corporation has implemented a wide-ranging reshuffle of its leadership, revising officer roles, reassigning general managers, and appointing new presidents at key group companies following approvals at recent board and shareholder meetings. T...
Keio Unveils FY2025 Results and FY2026 Earnings Outlook
May 25, 2026
Keio Corp. presented its FY2025 financial results and outlined progress on its medium-term management plan at a briefing held on May 18, 2026. The company also released its full-year earnings forecasts for FY2026, signaling how current performance...
Keio Overhauls Top Management, Appoints New Representative Director
May 25, 2026
Keio Corporation has approved a management reshuffle, appointing long-time executive Masaya Yamagishi as Senior Managing Officer and Representative Director, succeeding Chairman and Representative Director Yasushi Komura, who will move into a Corp...
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.