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Keikyu Corporation

Keikyu Corporation

KHEXF
Keikyu CorporationUS flagOther OTC
10.37
USD
- -
- -
2.78BMarket Cap
Keikyu Corporation
KHEXF
(Other OTC)

Recent

price

10.37

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,087.61
1,071.54
1,113.72
1,139.53
1,152.88
1,136.94
1,125
1,146.3
1,231.96
1,135.59
853.33
963.46
919.01
1,019.38
1,068.98
- -
556.33
Revenue per Share
25.55
14.94
30.81
33.59
39.1
-10.93
81.75
58.66
75.22
56.82
-98.82
45.51
57.45
304.23
88.4
- -
271.77
Basic EPS, GAAP
-120.85
-10.4
-70.18
-5.11
34.68
29.62
-15.3
-92.66
33.27
-110.29
-187.12
62.94
-113.21
-24.16
-234.29
- -
- -
Free Cash Flow per Basic Share
12
12
12
12
12
12
12
14
16
16
8
10
10
13
17.03
- -
- -
Dividend per Share
513.52
516.47
535.37
557.04
589.92
567.18
639.17
683.86
743.09
783.86
677.2
711.37
758.81
1,050.12
1,122.98
- -
1,095.71
Book Value per Share
632.81
639.9
673.11
717.68
881.89
772.72
840.61
891.96
958.68
945.01
878.34
906.14
963.13
1,269.58
1,320.7
- -
1,312.25
Tangible Book Value per Share
276
276
276
276
276
275
275
275
275
275
275
275
275
275
275
- -
274
Basic Weighted Avg Shares
299,841
295,405
306,977
314,045
317,710
313,217
309,829
315,685
339,268
312,751
234,964
265,237
253,005
280,624
293,860
304,192
152,598
Sales/Revenue/Turnover
6.51
6.43
6.21
8.15
8.43
4.73
12.19
9.34
11.83
9.43
-7.84
1.32
4.28
9.99
12.13
11.03
9.32
Operating Margin (%)
32,399
34,394
33,275
31,462
30,977
30,620
29,670
29,525
29,999
32,150
31,712
29,567
28,309
28,170
28,541
29,286
- -
Depreciation Expense
7,044
4,119
8,492
9,257
10,775
-3,011
22,514
16,155
20,714
15,650
-27,211
12,529
15,817
83,750
24,301
27,492
74,544
Net Income, GAAP
24.12
62.83
41.7
45.33
40.98
335.41
39.96
34.83
32.76
34.66
- -
38.52
29.12
29.73
22.56
24.91
29.79
Effective Tax Rate (%)
2.35
1.39
2.77
2.95
3.39
-0.96
7.27
5.12
6.11
5
-11.58
4.72
6.25
29.84
8.27
9.04
48.85
Profit Margin (%)
-64,409
-62,573
-66,690
-76,202
-88,977
-95,411
-67,165
-90,713
-94,848
-108,467
-74,462
-73,427
-88,048
-17,311
-29,360
-25,981
-12,803
Working Capital
367,609
366,224
361,809
349,903
327,124
326,909
291,534
298,647
294,211
313,511
379,511
355,793
334,717
354,117
354,034
392,145
342,699
LT Debt
185,323
187,186
195,764
207,453
252,343
221,720
239,638
253,362
269,837
267,653
249,048
256,882
273,450
357,695
372,585
390,428
369,087
Total Equity
2.06
1
1.58
1.94
2.15
-4.82
3.34
2.83
3.85
2.71
- -
0.28
1.01
2.39
3.19
2.87
1.22
Return on Invested Capital (%)
1.94
1.05
1.94
1.96
2.22
-2.72
4.14
3.13
3.75
2.84
- -
2.15
2.65
11.68
3.5
3.89
10.14
Return on Capital (%)
5.04
2.9
5.86
6.15
6.82
-1.89
13.55
8.87
10.54
7.44
-13.53
6.55
7.82
33.64
8.13
8.67
28.84
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
133,256
- -
132,264
LT Borrowings
354,117
- -
342,699
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
275
- -
274
Market Capitalization
679,553
719,731
642,657

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
242,157
- -
188,304
Cash, Cash Equivalents & STI
149,223
- -
87,650
Accounts Receivable, Net
16,037
- -
16,397
Inventories
68,484
- -
77,764
Total Current Liabilities
259,468
- -
201,107
Payables & Accruals
- -
- -
- -
ST Debt
133,256
- -
132,264
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.19%
9.87%
4.79%
Free Cash Flow
19.65%
68.11%
-35.77%
Net Income, GAAP
-89.42%
50.37%
13.13%
Sales/Revenue/Turnover
0.3%
5.49%
3.52%
Total Cash Common Dividend
- -
- -
132.24%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
62,041
65,985
72,511
80,087
280,624
2025
- -
- -
- -
- -
293,860
2026
- -
- -
- -
- -
304,192

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13.52
- -
- -
- -
304.23
2025
- -
- -
- -
- -
88.4
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
13
2025
- -
- -
- -
- -
17.03
2026
- -
- -
- -
- -
- -
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Business
Keikyu Corporation operates as a diversified enterprise primarily engaged in transportation, real estate, leisure services, retail distribution, and related businesses in Japan. Founded in 1898 and headquartered in Yokohama, the company’s transportation segment includes the operation of railway lines, taxis, and charter bus services, with a rail network covering over 80 kilometers and serving key urban areas including Tokyo and Kanagawa Prefecture. Keikyu also manages real estate activities encompassing the sale, lease, and development of land, residential, commercial, office buildings, parking facilities, and brokerage and consulting services. Its leisure services division operates hotels, inns, golf courses, aquariums, yacht harbors, and restaurants, while the distribution segment involves retail operations in department stores, shopping centers, convenience and drug stores. The company additionally undertakes construction, civil engineering, electrical and telecommunications work, transportation equipment maintenance, and building management. Recent major changes include the launch of the 20th Integrated Management Plan in 2024, aimed at transforming the company’s business structure towards sustainable growth by expanding beyond its railway-centric operations into enhanced real estate and digital transformation initiatives. In March 2024, Keikyu commenced a significant commercial development project at Shinagawa Station West Exit, enhancing lineside area value. The company formalized a strategic agreement with Toyota Motor Corporation for joint development and operation of a new building in front of Shinagawa Station, marking a key partnership for its long-term urban development strategy. In 2025, Keikyu expanded its inbound tourism outreach by launching official social media accounts in Chinese to attract visitors from Greater China, reflecting a strategic shift towards tourism-oriented services along its transportation corridors. Keikyu also completed a substantial equity buyback in 2025, signaling financial restructuring efforts to strengthen its balance sheet. Keikyu’s integrated business model emphasizes passenger transportation safety and customer satisfaction, investing in modern fleet upgrades and digital technologies to improve service quality. Its operations span urban and regional passenger transit alongside community and commercial real estate development, targeting domestic commuters, real estate investors, leisure customers, and retail consumers across Japan. The company maintains subsidiaries including Keikyu Construction and Keikyu Electric Engineering, supporting its infrastructure and engineering projects. Keikyu continues to expand its portfolio with a focus on profitability, digital transformation, and enhancing the value of its extensive railway-adjacent properties, positioning itself as a comprehensive urban lifestyle and transportation services provider in the Greater Tokyo area and beyond.