Keisei Electric RailwayKeisei Electric Railway Co.,Ltd.9009東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +4.1% from the prior year, operating profit -5.6%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | — | —× | -0.5% | —× | — |
| 2023 | 10.7% | 0.27× | 2.9% | 2.45× | 7.1% |
| 2024 | 29.6% | 0.29× | 8.6% | 2.42× | 20.9% |
| 2025 | 21.9% | 0.30× | 6.5% | 2.28× | 14.8% |
| 2026 | 14.4% | 0.29× | 4.2% | 2.19× | 9.2% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 214,157 | 252,338 | 296,509 | 319,314 | 332,424 |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| SG&A | 38,323 | 43,930 | 49,479 | 52,682 | 54,676 |
| Operating income | -5,201 | 10,228 | 25,241 | 36,008 | 33,974 |
| Pretax income | -2,890 | 32,858 | 121,940 | 100,749 | 58,478 |
| Income tax | 773 | 4,892 | 32,653 | 28,688 | 8,686 |
| Net income attributable to owners | -4,438 | 26,929 | 87,657 | 69,961 | 48,023 |
| Operating margin | -2.4% | 4.1% | 8.5% | 11.3% | 10.2% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥25.3B | ¥34.4B | ¥82.3B | ¥51.4B | ¥34.2B |
| Total assets | ¥900.3B | ¥965.6B | ¥1.06T | ¥1.09T | ¥1.18T |
| Net assets | ¥387.7B | ¥410.9B | ¥469.2B | ¥524.7B | ¥575.6B |
| Share capital | ¥36.8B | ¥36.8B | ¥36.8B | ¥36.8B | ¥36.8B |
| Property, plant and equipment | ¥587B | ¥635.6B | ¥659.9B | ¥704.3B | ¥758.1B |
| Intangible assets excluding goodwill | ¥12.5B | ¥13.1B | ¥12.3B | ¥12.1B | ¥12.2B |
| Investment securities | ¥204.2B | ¥202.9B | ¥225.6B | ¥236.6B | ¥281.2B |
| Current assets | ¥73.2B | ¥90.2B | ¥144.2B | ¥119.1B | ¥110.9B |
| Current liabilities | ¥148.3B | ¥182.6B | ¥223.8B | ¥231.2B | ¥257.4B |
| Trade payables | ¥18.3B | ¥20.7B | ¥25.5B | ¥28B | ¥30.1B |
| Short-term borrowings | ¥55.7B | ¥56B | ¥69.2B | ¥68.3B | ¥72.3B |
| Long-term borrowings | ¥140.2B | ¥148.4B | ¥140.2B | ¥114.3B | ¥115.2B |
| Bonds | ¥110.5B | ¥110.5B | ¥120.3B | ¥120B | ¥130B |
| Interest-bearing debt | ¥306.3Bderived | ¥314.9Bderived | ¥329.7Bderived | ¥302.6Bderived | ¥317.5Bderived |
| Total liabilities | ¥512.6B | ¥554.6B | ¥595B | ¥569.5B | ¥606.2B |
| Non-controlling interests | ¥17.9B | ¥16B | ¥17.5B | ¥15.7B | ¥17.8B |
| Equity attributable to owners of parent | ¥368.9B | ¥393.4B | ¥445.3B | ¥501.8B | ¥537.8B |
| Retained earnings | ¥309.8B | ¥335.8B | ¥419.3B | ¥482B | ¥518.4B |
| Treasury stock | -¥6.18B | -¥13.6B | -¥45.2B | -¥52.4B | -¥52.4B |
EDINET (FSA Japan)
有価証券報告書－第183期(2025/04/01－2026/03/31)
EDINET (FSA Japan)
有価証券報告書－第182期(2024/04/01－2025/03/31)
EDINET (FSA Japan)
有価証券報告書－第181期(2023/04/01－2024/03/31)
EDINET (FSA Japan)
有価証券報告書－第180期(2022/04/01－2023/03/31)
EDINET (FSA Japan)
有価証券報告書－第179期(令和3年4月1日－令和4年3月31日)
EDINET (FSA Japan)
有価証券報告書－第178期(令和2年4月1日－令和3年3月31日)
Extracted from XBRL: 51 / Derived from other figures: 2
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