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Keihan Holdings Co., Ltd. logo

Keihan Holdings Co., Ltd.

9045.T

JPXIndustrialsConglomerates

Open in GoAI

Latest quote

¥3,235

+¥23.00 · +0.72%

Aug 24, 3:30 PM JST

9045.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Keihan Holdings Co., Ltd. is a diversified Japanese conglomerate primarily engaged in transportation, alongside a variety of other business ventures. The company's operations are strategically divided into five key segments. Its foundational Transportation division oversees comprehensive railway and bus services. The Real Estate segment is involved in property transactions, including sales and leasing, the distribution of construction materials, and real estate surveying and design. Under its Retail Distribution arm, Keihan manages department stores, various other retail outlets, and shopping centers. The Leisure and Service sector focuses on hospitality, operating hotels and offering sightseeing cruises. Finally, an 'Others' segment includes its credit card business. Established in 1906 as Keihan Electric Railway Co., Ltd., the company maintains its corporate headquarters in Osaka, Japan.

Industry
Conglomerates
Sector
Industrials
Headquarters
JP
CEO
Yoshihiro Hirakawa
Listed since
Nov 17, 2005
Employees
6,233

Market position

Day range

Current ¥3,235

52-week range

Current ¥3,235

Open
¥3,225
Previous close
¥3,212
Volume
213.8K
0.73× average
Average volume
293.53K
Average daily volume
Market cap
326.41B JPY
Beta
-0.01
Market reference 1
50-day average
¥3,184.88
+1.57% above average
200-day average
¥3,289.88
-1.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
703.83B JPY
P/E (TTM)
9.72×
P/B (TTM)
0.95×
P/S (TTM)
0.97×
EV / EBITDA
9.34×
Earnings yield
10.30%
Free cash flow yield
-3.81%
Dividend yield
3.09%

Profitability & efficiency

Gross margin
30.94%
Operating margin
14.73%
Net margin
10.03%
Return on equity
9.84%
Return on assets
3.69%
Return on invested capital
4.42%

Financial health

Debt / equity
1.26×
Current ratio
1.4×
Altman Z-score
1.29
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%23%12%1%Gross margin, FY2021: 20.87%Gross margin, FY2022: 24.44%Gross margin, FY2023: 26.15%Gross margin, FY2024: 29.28%Gross margin, FY2025: 30.80%Operating margin, FY2021: 5.19%Operating margin, FY2022: 7.88%Operating margin, FY2023: 11.22%Operating margin, FY2024: 13.42%Operating margin, FY2025: 14.78%Net margin, FY2021: 3.71%Net margin, FY2022: 6.78%Net margin, FY2023: 8.24%Net margin, FY2024: 9.02%Net margin, FY2025: 10.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 20.87%. Gross margin FY2022 24.44%. Gross margin FY2023 26.15%. Gross margin FY2024 29.28%. Gross margin FY2025 30.80%. Operating margin FY2021 5.19%. Operating margin FY2022 7.88%. Operating margin FY2023 11.22%. Operating margin FY2024 13.42%. Operating margin FY2025 14.78%. Net margin FY2021 3.71%. Net margin FY2022 6.78%. Net margin FY2023 8.24%. Net margin FY2024 9.02%. Net margin FY2025 10.10%.

Income trends

Revenue

332.47B JPY+6.04%

Operating income

49.15B JPY+16.83%

Net income

33.58B JPY+18.80%
Income trends across reported periods364.76B JPY235.61B JPY106.45B JPY−22.7B JPYRevenue, FY2021: 258.12B JPYRevenue, FY2022: 260.07B JPYRevenue, FY2023: 302.15B JPYRevenue, FY2024: 313.55B JPYRevenue, FY2025: 332.47B JPYOperating income, FY2021: 13.41B JPYOperating income, FY2022: 20.49B JPYOperating income, FY2023: 33.9B JPYOperating income, FY2024: 42.07B JPYOperating income, FY2025: 49.15B JPYNet income, FY2021: 9.59B JPYNet income, FY2022: 17.62B JPYNet income, FY2023: 24.89B JPYNet income, FY2024: 28.27B JPYNet income, FY2025: 33.58B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 258.12B JPY. Revenue FY2022 260.07B JPY. Revenue FY2023 302.15B JPY. Revenue FY2024 313.55B JPY. Revenue FY2025 332.47B JPY. Operating income FY2021 13.41B JPY. Operating income FY2022 20.49B JPY. Operating income FY2023 33.9B JPY. Operating income FY2024 42.07B JPY. Operating income FY2025 49.15B JPY. Net income FY2021 9.59B JPY. Net income FY2022 17.62B JPY. Net income FY2023 24.89B JPY. Net income FY2024 28.27B JPY. Net income FY2025 33.58B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue332.47B JPY313.55B JPY302.15B JPY260.07B JPY258.12B JPY
Cost of goods sold230.07B JPY221.74B JPY223.14B JPY196.52B JPY204.26B JPY
Gross profit102.4B JPY91.81B JPY79B JPY63.55B JPY53.86B JPY
Selling, general, and administrative53.25B JPY49.73B JPY32.28B JPY30.29B JPY28.3B JPY
Operating expenses53.25B JPY49.73B JPY45.1B JPY43.06B JPY40.45B JPY
Interest income36M JPY30M JPY29M JPY31M JPY35M JPY
Interest expense3.58B JPY2.25B JPY1.79B JPY1.88B JPY2.01B JPY
Depreciation and amortization24.33B JPY22.74B JPY20.17B JPY20.22B JPY21.07B JPY
Operating income49.15B JPY42.07B JPY33.9B JPY20.49B JPY13.41B JPY
Net income33.58B JPY28.27B JPY24.89B JPY17.62B JPY9.59B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
92.72

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates101.7277.6253.5229.42Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 60.93, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 88.25, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 9, 2025: actual 34.41, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 92.68, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 7, 2025: actual 63.92, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 6, 2026: actual 96.73, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 79.46, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 92.72, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates111B96.42B81.85B67.27BQ1 '25MissQ2 '25MissQ3 '25No estimateQ4 '25MetQ1 '26MetQ2 '26MetQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 75.62B JPY, estimate 76.83B JPY, surprise -1.57%, Miss. Q2 2025, reported May 9, 2025: actual 79.55B JPY, estimate 82B JPY, surprise -2.99%, Miss. Q3 2025, reported Aug 7, 2025: actual 72.83B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 7, 2025: actual 71.54B JPY, estimate 71.54B JPY, surprise 0.00%, Met estimate. Q1 2026, reported Feb 6, 2026: actual 81.38B JPY, estimate 81.38B JPY, surprise 0.00%, Met estimate. Q2 2026, reported May 12, 2026: actual 106.73B JPY, estimate 106.73B JPY, surprise 0.00%, Met estimate. Q3 2026, reported Aug 7, 2026: actual 75.16B JPY, estimate 75B JPY, surprise +0.22%, Beat. Q4 2026, reported Nov 10, 2026: actual —, estimate 79.8B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥35.00

2019 complete year+16.7% since 2015

2026 partial: ¥100

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥86.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥100

Annual

Record Mar 31, 2026 · Payment Jun 22, 2026

Dividend

Ex-dividend Mar 28, 2025

¥40.00

Annual

Record Mar 31, 2025 · Payment Jun 19, 2025

Dividend

Ex-dividend Mar 28, 2024

¥35.00

Annual

Record Mar 31, 2024 · Payment Jun 20, 2024

Dividend

Ex-dividend Mar 30, 2023

¥30.00

Annual

Record Mar 31, 2023 · Payment Jun 21, 2023

Dividend

Ex-dividend Mar 30, 2022

¥25.00

Annual

Record Mar 31, 2022 · Payment Jun 22, 2022

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ETFs holding 9045.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
858.89M
Weight
0.03%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥417.7-0.07%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
26.91M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
17.95M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
14.33M
Weight
0.01%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
6.58M
Weight
0.05%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
4.21M
Weight
0.00%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%
Schwab International Equity ETF logoSchwab International Equity ETFSCHF
Market value
4.16M
Weight
0.01%
AUM
69.7B USD
Expense ratio
0.03%
Price / 1D
$28.46+0.85%
Avantis International Small Cap Value ETF logoAvantis International Small Cap Value ETFAVDV
Market value
4M
Weight
0.02%
AUM
20.24B USD
Expense ratio
0.36%
Price / 1D
$111.95+1.06%

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