KeikyuKeikyu Corporation9006東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

Keikyu FY ending Mar 2026 results

About 40% of Keikyu's sales come from Transportation, with Retailing and Real estate making up much of the rest.

Out of every ¥100 of sales, about ¥11 is left as operating profit.

Revenue changed +3.5% from the prior year, operating profit -5.9%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +3.5% · profit -5.9%, calculated from disclosed figures.

Operating leverage: -1.67× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for the FY ending Mar 2026 was ¥304.2B, up +3.5% from ¥293.9B.
Operating income, however, slipped -5.9% from ¥35.6B to ¥33.6B.
Net income rose +13.1% from ¥24.3B to ¥27.5B, helped by gains on land sales rather than the core business.
Operating cash flow jumped +222.7% from ¥14.8B to ¥47.9B, but capital expenditure of ¥89.3B kept free cash flow negative at -¥41.4B.

More people traveled by train, including to and from Haneda Airport, and an earlier bus fare increase lifted transportation revenue
Business hotels saw more domestic stays, pushing up both room rates and occupancy
Operating income fell mainly because the prior year included a one-off sale of a stake in business land, and because labor costs rose, especially in buses. Net income was lifted by the sale of land for a national road as part of the Shinagawa Station west exit project

The company carries a lot of borrowings and bonds, so a sharp rise in interest rates would raise its interest costs
Labor shortages could push wages up quickly and add to personnel costs
A new rail link to Haneda Airport is under consideration and could bring more competition

Annual Securities Report (105th fiscal period) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (105th fiscal period) / 事業等のリスク

FY ending Mar 2025 → FY ending Mar 2026

※ Cost of revenue is not disclosed; expenses are combined

For every ¥100 Keikyu sells, how much goes where, and how much is kept.

FY ending Mar 2026

Operating margin11.0%

Net margin9.0%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Transportation¥120.6B
40%
Op. margin 15.5%Industry: Private Railways
Retailing¥83.7B
28%
Op. margin 2.6%Industry: Department Stores
Real estate¥45.1B
15%
Op. margin 10.4%Industry: Real Estate Development & Leasing
Leisure services¥30.9B
10%
Op. margin 18.0%Industry: Hotels & Inns
Other¥23.8B
8%
Op. margin 16.0%Industry: General Contractors

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第105期(2025/04/01－2026/03/31)
ID S100YK5J2026-06-25Open
EDINET (FSA Japan)
有価証券報告書－第104期(2024/04/01－2025/03/31)
ID S100W4LL2025-06-26Open
EDINET (FSA Japan)
有価証券報告書－第103期(2023/04/01－2024/03/31)
ID S100T93Y2024-06-27Open
EDINET (FSA Japan)
訂正有価証券報告書－第102期(2022/04/01－2023/03/31)
ID S100RVWI2023-09-27Open
EDINET (FSA Japan)
有価証券報告書－第101期(令和3年4月1日－令和4年3月31日)
ID S100OATQ2022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第100期(令和2年4月1日－令和3年3月31日)
ID S100LF9T2021-06-29Open

Extracted from XBRL: 51 / Derived from other figures: 2

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