Keisei Electric RailwayKeisei Electric Railway Co.,Ltd.9009東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

Keisei Electric Railway FY ending Mar 2026 results

About 63% of Keisei Electric Railway's sales come from Transportation, with Merchandise sales and Real estate making up much of the rest.

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%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +4.1% · profit -5.6%, calculated from disclosed figures.

Operating leverage: -1.38× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for the FY ending Mar 2026 was ¥332.4B, up +4.1% from ¥319.3B.
Operating income slipped from ¥36B to ¥34B, down -5.6%, so sales grew while profit shrank.
Net income attributable to owners dropped from ¥70B to ¥48B, down -31.4%.
Capital expenditure reached ¥84B, and free cash flow went further negative, from -¥22B to -¥42.6B.

Net income fell mainly because gains from selling shares in affiliates were smaller than the year before
The company spent more on IT systems and staff as it merged Shin-Keisei Electric Railway and moved its bus and taxi units under holding companies; transportation revenue rose but its operating income fell
Investment went into rail facility upgrades and rental properties; real estate rental income grew with newly acquired apartments and a new shopping mall at Shin-Tsudanuma

Revenue leans fairly heavily on Narita Airport travelers, so terrorism, conflicts or epidemics overseas could cut airport traffic
If Haneda Airport keeps expanding, demand at Narita could fall in relative terms
Operations are concentrated in eastern Tokyo and northwestern Chiba, so a major earthquake or typhoon there would hit the business hard

Annual securities report (FY183) / 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 (FY183) / 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 Keisei Electric Railway sells, how much goes where, and how much is kept.

FY ending Mar 2026

Operating margin10.2%

Net margin14.4%

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¥205.1B
63%
Op. margin 8.6%Industry: Private Railways
Merchandise sales¥58.8B
18%
Op. margin 0.4%Industry: Department Stores
Real estate¥31.3B
10%
Op. margin 37.0%Industry: Real Estate Development & Leasing
Construction¥18.1B
6%
Op. margin 14.3%Industry: General Contractors
Leisure¥13.9B
4%
Op. margin 10.8%Industry: Hotels & Inns

※ 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183期(2025/04/01－2026/03/31)
ID S100YL5Y2026-06-26Open
EDINET (FSA Japan)
有価証券報告書－第182期(2024/04/01－2025/03/31)
ID S100W81A2025-06-27Open
EDINET (FSA Japan)
有価証券報告書－第181期(2023/04/01－2024/03/31)
ID S100TV3Z2024-06-27Open
EDINET (FSA Japan)
有価証券報告書－第180期(2022/04/01－2023/03/31)
ID S100R39F2023-06-29Open
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)
ID S100OELJ2022-06-29Open
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)
ID S100LLIX2021-06-29Open

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

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