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Keikyu

TSE:9006
Snowflake Description

Proven track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9006
TSE
¥609B
Market Cap
  1. Home
  2. JP
  3. Transportation
Company description

Keikyu Corporation engages in the transportation, real estate, leisure and service, retailing, and other businesses in Japan. The last earnings update was 24 days ago. More info.


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9006 Share Price and Events
7 Day Returns
-1.7%
TSE:9006
-0.5%
JP Transportation
0.2%
JP Market
1 Year Returns
24.3%
TSE:9006
5.4%
JP Transportation
5.5%
JP Market
9006 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Keikyu (9006) -1.7% -0.4% 13.7% 24.3% -11.9% 27.4%
JP Transportation -0.5% -0.6% 8.4% 5.4% 19.9% 36.9%
JP Market 0.2% 0.5% 10.6% 5.5% 13.7% 25.3%
1 Year Return vs Industry and Market
  • 9006 outperformed the Transportation industry which returned 5.4% over the past year.
  • 9006 outperformed the Market in Japan which returned 5.5% over the past year.
Price Volatility
9006
Industry
5yr Volatility vs Market

Value

 Is Keikyu undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Keikyu to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Keikyu.

TSE:9006 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in JPY ¥ 16.22222
Payout Ratio Company Filings (2019-09-30) 2127.1%
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSE:9006
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Transportation Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.976 (1 + (1- 30.86%) (68.26%))
1.292
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.292 * 6.33%)
8.09%

Discounted Cash Flow Calculation for TSE:9006 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Keikyu is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

TSE:9006 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥16.22 / (8.09% - -0.09%)
¥198.35
TSE:9006 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥198.35
Current discount Discount to share price of ¥2,212.00
= -1 x (¥2,212.00 - ¥198.35) / ¥198.35
-1015.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Keikyu is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Keikyu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Keikyu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9006 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥80.24
TSE:9006 Share Price ** TSE (2019-12-04) in JPY ¥2212
Japan Transportation Industry PE Ratio Median Figure of 58 Publicly-Listed Transportation Companies 12.45x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.46x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Keikyu.

TSE:9006 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9006 Share Price ÷ EPS (both in JPY)

= 2212 ÷ 80.24

27.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keikyu is overvalued based on earnings compared to the JP Transportation industry average.
  • Keikyu is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Keikyu's expected growth come at a high price?
Raw Data
TSE:9006 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-1.5%per year
Japan Transportation Industry PEG Ratio Median Figure of 33 Publicly-Listed Transportation Companies 2.3x
Japan Market PEG Ratio Median Figure of 1,368 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

TSE:9006 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.57x ÷ -1.5%

-17.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keikyu earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Keikyu's assets?
Raw Data
TSE:9006 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,014.87
TSE:9006 Share Price * TSE (2019-12-04) in JPY ¥2212
Japan Transportation Industry PB Ratio Median Figure of 59 Publicly-Listed Transportation Companies 0.86x
Japan Market PB Ratio Median Figure of 3,527 Publicly-Listed Companies 1.12x
TSE:9006 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9006 Share Price ÷ Book Value per Share (both in JPY)

= 2212 ÷ 1,014.87

2.18x

* Primary Listing of Keikyu.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keikyu is overvalued based on assets compared to the JP Transportation industry average.
X
Value checks
We assess Keikyu's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Transportation industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Transportation industry average (and greater than 0)? (1 check)
  5. Keikyu has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Keikyu expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Keikyu expected to grow at an attractive rate?
  • Keikyu's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Keikyu's earnings are expected to decrease over the next 1-3 years, this is below the Japan market average.
  • Keikyu's revenues are expected to decrease over the next 1-3 years, this is below the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:9006 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:9006 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -1.5%
TSE:9006 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -1.2%
Japan Transportation Industry Earnings Growth Rate Market Cap Weighted Average 3.6%
Japan Transportation Industry Revenue Growth Rate Market Cap Weighted Average 1.6%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSE:9006 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9006 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 327,767 58,888 18,467 3
2021-03-31 332,167 57,053 18,600 3
2020-03-31 327,400 51,947 17,500 3
2019-12-08
TSE:9006 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 353,432 73,751 22,097
2019-06-30 351,588 22,158
2019-03-31 339,268 55,875 20,714
2018-12-31 319,461 18,229
2018-09-30 317,769 57,703 17,316
2018-06-30 318,531 17,069
2018-03-31 315,685 54,388 16,155
2017-12-31 324,545 4,150
2017-09-30 314,438 58,071 3,959
2017-06-30 311,360 4,139
2017-03-31 309,829 59,393 22,514
2016-12-31 303,832 17,233

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Keikyu's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Keikyu's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:9006 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Keikyu Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9006 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 67.07 76.30 61.37 3.00
2021-03-31 67.55 75.20 63.55 3.00
2020-03-31 63.53 67.50 61.37 3.00
2019-12-08
TSE:9006 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 80.24
2019-06-30 80.46
2019-03-31 75.22
2018-12-31 66.19
2018-09-30 62.88
2018-06-30 61.98
2018-03-31 58.66
2017-12-31 15.07
2017-09-30 14.38
2017-06-30 15.03
2017-03-31 81.75
2016-12-31 62.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Keikyu is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Keikyu's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Keikyu has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Keikyu performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Keikyu's growth in the last year to its industry (Transportation).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Keikyu's year on year earnings growth rate has been positive over the past 5 years.
  • Keikyu's 1-year earnings growth exceeds its 5-year average (27.6% vs 15.7%)
  • Keikyu's earnings growth has exceeded the JP Transportation industry average in the past year (27.6% vs 10.7%).
Earnings and Revenue History
Keikyu's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Keikyu Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9006 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 353,432.00 22,097.00 34,625.00
2019-06-30 351,588.00 22,158.00 34,132.00
2019-03-31 339,268.00 20,714.00 33,915.00
2018-12-31 319,461.00 18,229.00 31,506.00
2018-09-30 317,769.00 17,316.00 31,017.00
2018-06-30 318,531.00 17,069.00 30,615.00
2018-03-31 315,685.00 16,155.00 30,005.00
2017-12-31 324,545.00 4,150.00 30,723.00
2017-09-30 314,438.00 3,959.00 30,220.00
2017-06-30 311,360.00 4,139.00 30,026.00
2017-03-31 309,829.00 22,514.00 29,941.00
2016-12-31 303,832.00 17,233.00 29,489.00
2016-09-30 312,281.00 17,035.00 29,727.00
2016-06-30 312,416.00 15,631.00 29,482.00
2016-03-31 313,217.00 -3,011.00 28,938.00
2015-12-31 323,610.00 16,553.00 29,811.00
2015-09-30 317,114.00 13,448.00 29,025.00
2015-06-30 317,151.00 11,851.00 28,972.00
2015-03-31 317,710.00 10,775.00 28,833.00
2014-12-31 301,461.00 7,849.00 27,465.00
2014-09-30 300,579.00 8,366.00 27,800.00
2014-06-30 301,473.00 8,687.00 28,036.00
2014-03-31 314,045.00 9,257.00 30,853.00
2013-12-31 325,965.00 11,830.00 31,777.00
2013-09-30 321,836.00 12,307.00 32,039.00
2013-06-30 322,253.00 11,666.00 31,921.00
2013-03-31 306,977.00 8,492.00 29,580.00
2012-12-31 297,256.00 9,061.00 28,615.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Keikyu has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Keikyu used its assets less efficiently than the JP Transportation industry average last year based on Return on Assets.
  • Keikyu has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Keikyu's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Transportation industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Keikyu has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Keikyu's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Keikyu's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Keikyu's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Keikyu's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Keikyu's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Keikyu Company Filings, last reported 2 months ago.

TSE:9006 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 280,468.00 415,790.00 39,755.00
2019-06-30 272,567.00 413,303.00 51,465.00
2019-03-31 269,838.00 429,848.00 45,742.00
2018-12-31 268,294.00 436,828.00 45,500.00
2018-09-30 267,560.00 450,748.00 57,618.00
2018-06-30 259,103.00 436,709.00 43,339.00
2018-03-31 253,363.00 438,576.00 43,862.00
2017-12-31 257,475.00 440,972.00 50,523.00
2017-09-30 250,617.00 438,362.00 47,961.00
2017-06-30 245,164.00 420,842.00 45,606.00
2017-03-31 239,638.00 413,477.00 44,202.00
2016-12-31 253,533.00 416,374.00 38,598.00
2016-09-30 244,719.00 414,577.00 41,007.00
2016-06-30 238,868.00 415,874.00 50,289.00
2016-03-31 221,720.00 473,762.00 43,891.00
2015-12-31 260,625.00 474,147.00 36,361.00
2015-09-30 254,337.00 482,123.00 31,756.00
2015-06-30 253,696.00 480,853.00 33,762.00
2015-03-31 252,343.00 488,841.00 45,088.00
2014-12-31 225,805.00 500,987.00 33,484.00
2014-09-30 222,270.00 500,691.00 31,595.00
2014-06-30 216,880.00 501,350.00 33,600.00
2014-03-31 207,454.00 509,904.00 43,349.00
2013-12-31 204,584.00 510,083.00 42,871.00
2013-09-30 203,002.00 519,021.00 46,666.00
2013-06-30 197,762.00 519,484.00 50,416.00
2013-03-31 195,765.00 518,994.00 49,057.00
2012-12-31 192,108.00 520,995.00 29,585.00
  • Keikyu's level of debt (148.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (225.2% vs 148.2% today).
  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.7x coverage).
X
Financial health checks
We assess Keikyu's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Keikyu has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Keikyu's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.72%
Current annual income from Keikyu dividends. Estimated to be 0.73% next year.
If you bought ¥2,000 of Keikyu shares you are expected to receive ¥14 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Keikyu's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • Keikyu's dividend is below the markets top 25% of dividend payers in Japan (2.98%).
Upcoming dividend payment

Purchase Keikyu before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:9006 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Japan Transportation Industry Average Dividend Yield Market Cap Weighted Average of 55 Stocks 1.3%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2972 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSE:9006 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 16.33 3.00
2021-03-31 16.33 3.00
2020-03-31 16.00 3.00
2019-12-08
TSE:9006 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-14 16.000 0.711
2019-11-13 16.000 0.724
2019-06-27 16.000 0.803
2019-05-10 16.000 0.868
2019-02-08 16.000 0.870
2019-02-06 16.000 0.892
2018-11-09 16.000 0.892
2018-11-07 16.000 0.916
2018-06-28 14.000 0.765
2018-05-09 14.000 0.753
2018-02-09 14.000 0.738
2018-02-07 14.000 0.703
2017-11-10 14.000 0.650
2017-11-08 14.000 0.606
2017-06-29 14.000 0.578
2017-05-10 14.000 0.520
2017-02-10 12.000 0.480
2017-02-08 12.000 0.476
2016-11-11 12.000 0.465
2016-11-09 12.000 0.540
2016-06-29 12.000 0.587
2016-05-11 12.000 0.594
2016-02-05 12.000 0.604
2016-02-03 12.000 0.598
2015-11-06 12.000 0.609
2015-11-05 12.000 0.613
2015-08-05 12.000 0.613
2015-06-26 12.000 0.611
2015-05-13 12.000 0.638
2015-02-06 12.000 0.623
2015-02-04 12.000 0.667
2014-11-07 12.000 0.668
2014-11-05 12.000 0.658
2014-06-27 12.000 0.665
2014-05-09 12.000 0.701
2014-02-07 12.000 0.714
2014-02-05 12.000 0.740
2013-11-06 12.000 0.705
2013-06-27 12.000 0.673
2013-05-09 12.000 0.682
2013-02-08 12.000 0.633
2013-02-06 12.000 0.784
2012-11-09 12.000 0.793
2012-11-07 12.000 0.807
2012-08-01 12.000 0.804
2012-06-28 12.000 0.825
2012-05-09 12.000 0.888
2012-02-08 12.000 0.846
2011-11-11 12.000 0.868
2011-11-09 12.000 0.842
2011-08-03 12.000 0.894
2011-06-29 12.000 1.001
2011-05-11 12.000 1.087
2011-02-14 12.000 1.001
2011-02-09 12.000 0.897
2010-11-12 12.000 0.833
2010-11-10 12.000 0.796
2010-08-11 12.000 0.742
2010-06-29 12.000 0.739
2010-05-12 12.000 0.769
2010-02-12 12.000 0.802
2010-02-10 12.000 0.873
2009-11-12 12.000 0.860
2009-11-11 12.000 0.885
2009-05-13 12.000 0.804
2009-02-12 12.000 0.841
2009-02-10 12.000 0.913

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Keikyu is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • Keikyu is not paying a notable dividend for Japan, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Keikyu's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Keikyu's dividends as it is not paying a notable one for Japan.
Future Payout to shareholders
  • No need to calculate the sustainability of Keikyu's dividends in 3 years as they are not expected to pay a notable one for Japan.
X
Income/ dividend checks
We assess Keikyu's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Keikyu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Keikyu has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Keikyu's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kazuyuki Harada
AGE 65
TENURE AS CEO 6.5 years
CEO Bio

Mr. Kazuyuki Harada has been the President of Keikyu Corporation since June 2013. Mr. Harada joined Keikyu Corp. in April 1976 and served as its Managing Director since June 2010. Mr. Harada served as Senior Managing Director and Manager, Group Strategy Division at Keikyu Corp. since June 2011. He has been an External Director of Kagetsuenkanko Co., Ltd. since June 2013. Mr. Harada serves as a Representative Director of Keikyu Corporation. He has been Outside Director of Japan Post Insurance Co., Ltd. since June 18, 2018.

CEO Compensation
  • Insufficient data for Kazuyuki to compare compensation growth.
  • Insufficient data for Kazuyuki to establish whether their remuneration is reasonable compared to companies of similar size in Japan.
Management Team

Kazuyuki Harada

TITLE
President & Representative Director
AGE
65
TENURE
6.5 yrs

Yuichiro Hirokawa

TITLE
Head of Accounting & MD
AGE
61

Toshiyuki Ogura

TITLE
Head of Shinagawa Development & Promotion Office
AGE
65

Toshiaki Honda

TITLE
MD, Mngr. of Housing Business Dept. - Overall Life Business Creation Division & Executive Director
AGE
61

Takashi Michihira

TITLE
MD & GM of Railway Division
AGE
61

Kazuo Urabe

TITLE
Chief of Group Strategy Office & Director
AGE
58

Kenryo Ueno

TITLE
Director
AGE
59

Shosuke Ohga

TITLE
Manager of New Business Planning Office & Director
AGE
58

Shizuyoshi Watanabe

TITLE
Manager of General Affairs Department & Director
AGE
58

Yukihiro Kawamata

TITLE
Manager of Administration Department - Life Business Creation Division & Director
AGE
55
TENURE
3.5 yrs
Board of Directors

Tsuneo Ishiwata

TITLE
Chairman of the Board
AGE
78

Kazuyuki Harada

TITLE
President & Representative Director
AGE
65

Toshiyuki Ogura

TITLE
Head of Shinagawa Development & Promotion Office
AGE
65

Toshiaki Honda

TITLE
MD, Mngr. of Housing Business Dept. - Overall Life Business Creation Division & Executive Director
AGE
61

Takashi Michihira

TITLE
MD & GM of Railway Division
AGE
61

Kazuo Urabe

TITLE
Chief of Group Strategy Office & Director
AGE
58

Kenryo Ueno

TITLE
Director
AGE
59

Shosuke Ohga

TITLE
Manager of New Business Planning Office & Director
AGE
58
TENURE
3.5 yrs

Shizuyoshi Watanabe

TITLE
Manager of General Affairs Department & Director
AGE
58

Yukihiro Kawamata

TITLE
Manager of Administration Department - Life Business Creation Division & Director
AGE
55
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (¥) Value (¥)
X
Management checks
We assess Keikyu's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Keikyu has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Keikyu Corporation engages in the transportation, real estate, leisure and service, retailing, and other businesses in Japan. It provides railway, taxi, and chartered bus transportation services. The company also develops and sells housing lots; constructs and sells built-for-sale housing; sells condominiums; and develops and leases office buildings and research facilities. In addition, it operates hotels, restaurants, coffee shops, and fast-food services; leisure facilities, such as aquariums and golf courses; boat racing facilities; and advertising agencies. Further, the company operates and manages department stores, supermarkets, and shopping centers; and provides real estate brokerage, civil engineering and electrical equipment construction, building management, and nursing care and child care services. Additionally, it is involved in driving schools and information processing businesses; and maintenance, repair, and upgrading of trains and automobiles. The company was formerly known as Keihin Electric Express Railway Co., Ltd. and changed its name to Keikyu Corporation in October 2010. Keikyu Corporation was founded in 1898 and is headquartered in Tokyo, Japan.

Details
Name: Keikyu Corporation
9006
Exchange: TSE
Founded: 1898
¥609,156,347,044
275,387,137
Website: http://www.keikyu.co.jp
Address: Keikyu Corporation
2-20 Takanawa,
Minato-ku,
Tokyo,
108-8625,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9006 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK KHEX.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
9,010
Keikyu employees.
Industry
Railroads
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/08 14:41
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/12/02
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.