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Keihan Holdings Co
(9045)
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Rating:66Neutral
Price Target:
¥3,393.00
▲(2.97% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong valuation (low P/E and ~3.18% dividend yield) and an improving earnings profile. These positives are tempered by weaker financial quality (negative free cash flow and meaningful leverage) and soft technical momentum (negative MACD and price below key moving averages).
Positive Factors
Revenue and Earnings Recovery
The sustained recovery in revenue, EBIT and net income indicates improved operating demand and earnings capacity. Continued growth across rail, property and consumer businesses could strengthen profitability over the next several quarters.
Negative Factors
Meaningful Balance-Sheet Leverage
High debt increases sensitivity to interest costs, operating disruptions and weaker property or passenger demand. Although equity has grown, the group still needs sustained earnings and cash generation to preserve financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Earnings Recovery
The sustained recovery in revenue, EBIT and net income indicates improved operating demand and earnings capacity. Continued growth across rail, property and consumer businesses could strengthen profitability over the next several quarters.
Read all positive factors
Keihan Holdings Co (9045) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥329.78B
Dividend Yield3.08%
Average Volume (3M)194.07K
Price to Earnings (P/E)9.7
Beta (1Y)0.31
Revenue Growth9.62%
EPS Growth21.02%
CountryJP
Employees6,233
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)332.83
Shares Outstanding106,816,410
10 Day Avg. Volume198,110
30 Day Avg. Volume194,070
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)0.96
Price to Sales (P/S)0.98
P/FCF Ratio-26.24
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)296.32
Revenue Forecast (FY)¥330.75B
Keihan Holdings Co Business Overview & Revenue Model
Company Description
Keihan Holdings Co., Ltd. is a diversified Japanese conglomerate primarily engaged in transportation, alongside a variety of other business ventures. The company's operations are strategically divided into five key segments. Its foundational Trans...
How the Company Makes Money
Keihan Holdings makes money through a multi-segment model built around its rail network and the real estate and consumer businesses that cluster around stations and along its lines. (1) Transportation (railway and related): The group earns revenue...
Keihan Holdings Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
63
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 334.81B | 332.47B | 313.55B | 302.15B | 260.07B | 258.12B |
| Gross Profit | 103.58B | 102.40B | 91.81B | 79.00B | 63.55B | 53.86B |
| EBITDA | 74.69B | 75.36B | 65.71B | 56.99B | 40.72B | 41.08B |
| Net Income | 33.58B | 33.58B | 28.27B | 24.89B | 17.62B | 9.59B |
Balance Sheet | ||||||
| Total Assets | 942.19B | 909.54B | 873.20B | 833.54B | 786.70B | 748.77B |
| Cash, Cash Equivalents and Short-Term Investments | 23.16B | 15.26B | 15.80B | 23.00B | 16.86B | 21.76B |
| Total Debt | 429.95B | 392.66B | 382.87B | 349.31B | 353.46B | 349.92B |
| Total Liabilities | 591.42B | 559.98B | 558.69B | 528.72B | 513.19B | 492.89B |
| Stockholders Equity | 342.06B | 341.20B | 307.33B | 298.59B | 268.37B | 251.36B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -12.42B | -17.45B | 7.93B | -2.93B | 235.00M |
| Operating Cash Flow | 0.00 | 40.34B | 44.01B | 40.83B | 16.93B | 21.67B |
| Investing Cash Flow | 0.00 | -42.99B | -63.20B | -26.93B | -13.11B | -17.64B |
| Financing Cash Flow | 0.00 | 3.57B | 10.20B | -7.86B | -7.43B | -10.26B |
Keihan Holdings Co Technical Analysis
Positive
3295.00
Price Trends
3188.24
Positive
3215.26
Positive
3237.67
Positive
Market Momentum
4.34
Negative
55.71
Neutral
90.84
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9045, the sentiment is Positive. The current price of 3295 is above the 20-day moving average (MA) of 3190.00, above the 50-day MA of 3188.24, and above the 200-day MA of 3237.67, indicating a bullish trend. The MACD of 4.34 indicates Negative momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 90.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9045.
Keihan Holdings Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥329.78B | 9.66 | 10.34% | 3.03% | 9.62% | 21.02% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥681.62B | 12.25 | 9.33% | 1.70% | 1.93% | 22.25% | |
62 Neutral | ¥456.53B | 10.73 | 9.84% | 2.62% | 9.62% | 9.03% | |
57 Neutral | ¥1.14T | 13.76 | 7.27% | 2.01% | 6.77% | 21.90% | |
55 Neutral | ¥375.40B | 12.87 | ― | 2.26% | -1.89% | -15.16% | |
48 Neutral | ¥876.54B | 19.79 | ― | 1.05% | -41.04% | -82.38% |
* Industrials Sector Average
JP:9045
Keihan Holdings Co
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Keihan Holdings Co Corporate Events
Keihan Holdings Posts Stable Q1 Results but Signals Weaker Full-Year Outlook and Lower Dividend
Aug 7, 2026
Keihan Holdings reported consolidated operating revenue of ¥75.16 billion for the quarter ended June 30, 2026, up 3.2% year on year, with operating profit rising 1.3% to ¥13.13 billion and profit attributable to owners of parent essentia...
Keihan Holdings to Issue ¥20 Billion Green Bond for Rail and Urban Redevelopment
May 29, 2026
Keihan Holdings Co., Ltd. has decided to issue its 41st series of unsecured straight bonds as green bonds totaling 20 billion yen, with a 2.232% annual coupon and a maturity date of June 4, 2031. The bonds, rated A by Rating Investment Informatio...
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.