Want to see JP:9048 full AI Analyst Report?
Top Page
Nagoya Railroad Co., Ltd.
(9048)
Select Model
Select Model
Rating:55Neutral
Price Target:
¥1,910.00
▲(13.56% Upside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by persistent negative free cash flow and elevated leverage, which increase funding risk, alongside a notable 2026 revenue and earnings pullback. Technicals are mixed with softer near-term momentum, while valuation is a modest positive due to a mid-range P/E and moderate dividend yield.
Positive Factors
Diversified railway-centered business model
The mix of fares, station-area property, retail and leisure services diversifies earnings beyond passenger demand. These businesses also reinforce one another through the railway network, stations and recurring customer traffic.
Negative Factors
Sharp latest-period revenue and earnings decline
The latest contraction interrupts the prior recovery and signals exposure to changes in passenger, tourism and property-related demand. Sustained weakness could reduce operating leverage and make the group’s broad fixed-cost base harder to absorb.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified railway-centered business model
The mix of fares, station-area property, retail and leisure services diversifies earnings beyond passenger demand. These businesses also reinforce one another through the railway network, stations and recurring customer traffic.
Read all positive factors
Nagoya Railroad Co., Ltd. (9048) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥372.74B
Dividend Yield2.11%
Average Volume (3M)927.80K
Price to Earnings (P/E)12.8
Beta (1Y)0.29
Revenue Growth-1.89%
EPS Growth-15.16%
CountryJP
Employees30,637
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)117.05
Shares Outstanding196,700,680
10 Day Avg. Volume441,610
30 Day Avg. Volume927,800
Financial Highlights & Ratios
PEG Ratio-0.38
Price to Book (P/B)0.70
Price to Sales (P/S)0.49
P/FCF Ratio-3.05
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)172.37
Revenue Forecast (FY)¥713.10B
Nagoya Railroad Co., Ltd. Business Overview & Revenue Model
Company Description
Nagoya Railroad Co., Ltd., a venerable enterprise established in 1894 and headquartered in Nagoya, Japan, primarily operates within the Japanese railway industry alongside its subsidiaries. The company's diverse business activities are structured ...
How the Company Makes Money
Nagoya Railroad generates earnings primarily through (1) transportation revenue and (2) non-transportation businesses that monetize the rail network’s footprint and customer flow.
1) Transportation (rail and related mobility): The company earns f...
Nagoya Railroad Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 691.58B | 690.72B | 601.12B | 551.50B | 490.92B |
| Gross Profit | 97.80B | 100.95B | 85.73B | 70.23B | 46.01B |
| EBITDA | 90.55B | 96.85B | 76.82B | 70.11B | 57.92B |
| Net Income | 22.95B | 37.73B | 24.40B | 18.85B | 9.37B |
Balance Sheet | |||||
| Total Assets | 1.58T | 1.45T | 1.30T | 1.23T | 1.19T |
| Cash, Cash Equivalents and Short-Term Investments | 57.29B | 58.64B | 60.39B | 55.29B | 50.93B |
| Total Debt | 685.73B | 585.51B | 499.54B | 476.07B | 468.57B |
| Total Liabilities | 1.07T | 950.59B | 839.67B | 802.28B | 775.76B |
| Stockholders Equity | 485.07B | 461.71B | 437.96B | 404.43B | 383.32B |
Cash Flow | |||||
| Free Cash Flow | -110.83B | -54.63B | -30.46B | -17.47B | -24.67B |
| Operating Cash Flow | 61.43B | 78.73B | 55.53B | 61.22B | 39.32B |
| Investing Cash Flow | -150.87B | -138.13B | -68.43B | -59.37B | -39.03B |
| Financing Cash Flow | 89.73B | 55.85B | 18.03B | 2.61B | -3.34B |
Nagoya Railroad Co., Ltd. Technical Analysis
Positive
1682.00
Price Trends
1868.16
Positive
1835.73
Positive
1751.62
Positive
Market Momentum
4.93
Negative
54.05
Neutral
80.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9048, the sentiment is Positive. The current price of 1682 is below the 20-day moving average (MA) of 1879.53, below the 50-day MA of 1868.16, and below the 200-day MA of 1751.62, indicating a bullish trend. The MACD of 4.93 indicates Negative momentum. The RSI at 54.05 is Neutral, neither overbought nor oversold. The STOCH value of 80.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9048.
Nagoya Railroad Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥326.86B | 9.67 | 10.34% | 3.03% | 9.62% | 21.02% | |
62 Neutral | ¥677.82B | 12.20 | 9.33% | 1.70% | 1.93% | 22.25% | |
62 Neutral | ¥458.03B | 10.71 | 9.84% | 2.62% | 9.62% | 9.03% | |
57 Neutral | ¥1.13T | 13.81 | 7.27% | 2.01% | 6.77% | 21.90% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ¥372.74B | 12.84 | ― | 2.26% | -1.89% | -15.16% | |
48 Neutral | ¥864.69B | 20.45 | ― | 1.05% | -41.04% | -82.38% |
* General Sector Average
JP:9048
Nagoya Railroad Co., Ltd.
1,893.00
231.45
13.93%
JP:9042
Hankyu Hanshin Holdings
4,765.00
495.79
11.61%
JP:9045
Keihan Holdings Co
3,243.00
96.37
3.06%
JP:9041
Kintetsu Group Holdings Co
3,512.00
582.32
19.88%
JP:9008
Keio
783.40
62.64
8.69%
JP:9024
Seibu Holdings, Inc.
3,372.00
-1,865.65
-35.62%
Nagoya Railroad Co., Ltd. Corporate Events
Nagoya Railroad Sees Revenue Decline but Profit Rise on Non-Operating Gains
Aug 10, 2026
Nagoya Railroad reported lower operating revenues for the three months ended June 30, 2026, mainly due to the absence of income from the closed MEITETSU Department Store Main Store and fewer condominium unit deliveries. Operating income also decli...
Nagoya Railroad Profit Surges Despite Lower Revenue, Raises Full-Year Earnings Outlook
Aug 10, 2026
Nagoya Railroad reported consolidated operating revenues of ¥156.9 billion for the three months to June 30, 2026, down 6.9% year-on-year, while operating income slipped 4.2% to ¥8.9 billion. Despite lower sales, ordinary income rose 16.0...
Nagoya Railroad to Dissolve Meitetsu Department Store and Absorb Key Service Units
Jul 24, 2026
Nagoya Railroad will dissolve and liquidate its wholly owned subsidiary MEITETSU Department Store following the closure of the chain’s main store in February 2026, and plans to complete the dissolution on September 1, 2026. As part of the re...
Nagoya Railroad Grants Restricted Treasury Stock to Align Incentives
Jul 24, 2026
Nagoya Railroad is implementing a restricted stock remuneration scheme by disposing of 98,429 treasury shares, valued at about ¥186.6 million, to directors, executive officers, and employees. The shares will be granted in exchange for in-kind...
Nagoya Railroad Executives Return Pay Over Nagoya Station Redevelopment Delays
Jun 25, 2026
Nagoya Railroad said its top executives will voluntarily return part of their compensation after delays and schedule changes in the Nagoya Station District Redevelopment Project prompted a re-evaluation and review launched in late 2025. The chairm...
Nagoya Railroad Lowers Conversion Prices on 2033 and 2034 Euro-Yen Convertible Bonds After Dividend Approval
Jun 25, 2026
Nagoya Railroad has revised the conversion prices on its euro-yen denominated zero coupon convertible bonds with stock acquisition rights maturing in 2033 and 2034, both originally issued in June 2024. The conversion price for the 2033 bonds was l...
Nagoya Railroad Sets FY2026 Outlook and Capital Efficiency Priorities
May 18, 2026
Nagoya Railroad outlined its management direction and operational plans in a financial results presentation for the fiscal year ending March 31, 2026. The company highlighted the status of discussions on reviewing its Nagoya Station district redev...
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.