Overview
Land Transportation

Keio Corporation

Keio Corporation is a diversified railway-based conglomerate operating an integrated urban transport network in the western Tokyo metropolitan area, including Keio Line and Inokashira Line rail services, bus operations, and taxi services. Beyond transportation, the group engages in retail (department stores and supermarkets), real estate development and leasing, and leisure and hospitality services including multiple hotel brands under the Keio Plaza and Keio Prelia names. The group leverages its rail network as a core commercial axis, developing station-adjacent retail, residential, and commercial properties to generate synergistic revenues across its five business segments.

Market Cap
¥443B
US$2.83B
EV
¥793B
US$5.06B
Stock¥765.8▲+0.88%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.1
x
LTM EV/EBIT
15.3
x
LTM PER
10.4
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
443BUS$2.83BMarket Cap490BUS$3.12B+ Debt33.6BUS$214M− Cash107BUS$682M− Inv. Sec.0.37BUS$2.33M+ NCI793BUS$5.06BEV
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Performance & Balance
Revenue 5Y (¥B)
300US$1.91B'22/3347US$2.21B'23/3409US$2.61B'24/3453US$2.89B'25/3497US$3.17B'26/3
EBITDA 5Y (¥B)
31.9US$203M'22/350.6US$323M'23/374.5US$475M'24/386.8US$554M'25/386.8US$553M'26/3
Net Income 5Y (¥B)
5.59US$35.6M'22/313.1US$83.6M'23/329.2US$186M'24/342.9US$273M'25/342.9US$274M'26/3
Capital Structure
48%
52%
EquityD/E 1.08xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
116US$743M376US$2.40B'22/3127US$810M403US$2.57B'23/3151US$964M435US$2.78B'24/3134US$856M456US$2.91B'25/3146US$929M477US$3.04B'26/3
Shareholders
Top 10 hold 35.6%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.99%
2
Nippon Life Insurance Company
5.19%
3
Custody Bank of Japan, Ltd. (Trust Account)
4.52%
4
Taiyo Life Insurance Company
3.88%
5
Custody Bank of Japan, Ltd. (Retirement Benefit Trust, Sumitomo Mitsui Trust Bank, Limited Account)
1.73%
6
Sumitomo Mitsui Trust Bank, Limited
1.73%
7
Fukoku Mutual Life Insurance Company
1.66%
8
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.37%
9
Keiooh Co., Ltd.
1.26%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.25%
Management
15 officers
Yasushi KOMURA
Representative Director, Chairman
Apr 1980: Joined the Company Jun 2004: General Manager, Accounting Department, Corporate Planning Headquarters Jun 2007: General Manager, Business Management Department, Corporate Planning Headquarters Jun 2010: Director, Deputy Head of Corporate Planning Headquarters Jun 2011: Director, Head of Corporate Planning Headquarters Jun 2012: Managing Director, Head of Corporate Planning Headquarters Jun 2013: President, Keio Kanko Co., Ltd.; Director of the Company Jun 2015: Representative Director, Executive Vice President of the Company Jun 2016: Representative Director, President of the Company Jun 2020: Representative Director, President and Executive Officer of the Company Jun 2022: Outside Director, Sunwood Corporation; Representative Director, Chairman of the Company (current)
1958-03-21
Satoshi TSUMURA
Representative Director, President and Executive Officer
Apr 1988: Joined the Company Jun 2012: General Manager, Line Value Creation Department, Corporate Planning Headquarters Jun 2015: Representative Director, President, Livita Co., Ltd. Jun 2018: Director, General Manager, Group Business Department, Management Headquarters Jun 2020: Executive Officer, General Manager, Business Planning Department, Management Headquarters Jun 2021: Director, Managing Executive Officer, Head of Management Headquarters; responsible for General Affairs, Risk Management, Legal, Compliance, Public Relations and Human Resources; Finance and Disclosure; Compliance Jun 2022: Representative Director, President and Executive Officer of the Company (current)
1964-06-15
Shinya YAMAGISHI
Director, Managing Executive Officer, Head of Management Headquarters
Apr 1987: Joined the Company Jun 2011: Managing Director, Keio Store Co., Ltd. Jun 2013: President, Restaurant Keio Co., Ltd. Jun 2016: General Manager, Human Resources Department of the Company Jun 2018: Director, General Manager, Human Resources Department of the Company Jun 2019: President, Keio Store Co., Ltd.; Director of the Company Jun 2020: Executive Officer of the Company Jun 2022: Director, Managing Executive Officer, General Manager, Human Resources Department; responsible for General Affairs, Risk Management, Legal, Compliance, Public Relations and Human Resources; Compliance Jun 2024: Director, Managing Executive Officer, Head of Management Headquarters; Finance and Disclosure (current)
1963-08-10
Shinichi INOUE
Director, Managing Executive Officer, Head of Railway Business Headquarters
Apr 1989: Joined the Company Jun 2013: General Manager, Railway Operations Department, Railway Business Headquarters Jun 2016: General Manager, Planning and Control Department, Railway Business Headquarters Jun 2019: President, Nishi-Tokyo Bus Co., Ltd. Jun 2020: Executive Officer of the Company Jun 2022: Director, Managing Executive Officer, Head of Railway Business Headquarters (current)
1966-07-30
Mutsumi BAN
Director, Managing Executive Officer
Apr 1990: Joined the Company Jun 2014: General Manager, Engineering Department, Railway Business Headquarters Jun 2021: Executive Officer, General Manager, Engineering Department, Railway Business Headquarters Jun 2024: Director, Managing Executive Officer; responsible for General Affairs, Risk Management, Legal, Compliance, Public Relations and Human Resources; Compliance (current)
1967-01-04
Masaharu NAKASE
Director, Managing Executive Officer, Head of Development Business Headquarters
Apr 1991: Joined the Company Jun 2016: General Manager, SC Sales Department, Development Business Headquarters Jun 2018: Manager, Shinjuku Redevelopment Promotion Office, Development Planning Department, Development Business Headquarters Jun 2020: Manager, Shinjuku Redevelopment Promotion Office of the Company Jun 2022: Executive Officer, Manager, Shinjuku Redevelopment Promotion Office of the Company Jun 2024: Director, Managing Executive Officer, Head of Development Business Headquarters; responsible for Shinjuku Redevelopment Promotion Office (current)
1969-01-26
Hitoshi TSUNEKAGE
Director
Apr 1977: Joined Sumitomo Trust & Banking Co., Ltd. (now Sumitomo Mitsui Trust Bank, Limited) Jun 2004: Executive Officer, General Manager, Planning Department, Sumitomo Trust & Banking Co., Ltd. Jun 2005: Director and Managing Executive Officer, Sumitomo Trust & Banking Co., Ltd. Jan 2008: President, Sumitomo Trust & Banking Co., Ltd. Apr 2011: Chairman, Sumitomo Mitsui Trust Holdings, Inc. (now Sumitomo Mitsui Trust Group, Inc.); Chairman and President, Sumitomo Trust & Banking Co., Ltd. Apr 2012: Chairman, Sumitomo Mitsui Trust Holdings, Inc.; President, Sumitomo Mitsui Trust Bank, Limited Apr 2017: Chairman, Sumitomo Mitsui Trust Holdings, Inc.; Director, Sumitomo Mitsui Trust Bank, Limited Jun 2017: Director, Sumitomo Mitsui Trust Holdings, Inc.; Chairman, Sumitomo Mitsui Trust Bank, Limited Jun 2019: Outside Director, Nankai Electric Railway Co., Ltd. (now NANKAI Inc.) (current) Jun 2020: Outside Audit and Supervisory Board Member, Rengo Co., Ltd. (current) Apr 2021: Director, Sumitomo Mitsui Trust Holdings, Inc.; Senior Adviser, Sumitomo Mitsui Trust Bank, Limited Jun 2021: Senior Adviser, Sumitomo Mitsui Trust Bank, Limited (current) Jun 2023: Outside Director of the Company (current) Jun 2025: Outside Director, Ichinen Holdings Co., Ltd. (current)
1954-08-06
Yosuke MATSUNAGA
Director
Apr 1985: Joined Nippon Life Insurance Company Mar 2012: Executive Officer, Nippon Life Insurance Company Mar 2016: Managing Executive Officer, Nippon Life Insurance Company Jul 2016: Director, Managing Executive Officer, Nippon Life Insurance Company Mar 2019: Director, Senior Managing Executive Officer, Nippon Life Insurance Company Mar 2021: Director, Vice President Executive Officer, Nippon Life Insurance Company Mar 2022: Representative Director, Vice President Executive Officer, Nippon Life Insurance Company Mar 2023: Director, Nippon Life Insurance Company Jun 2023: Audit and Supervisory Board Member, Hanasaku Life Insurance Co., Ltd. (current) Jul 2023: Director, Audit and Supervisory Committee Member, Nippon Life Insurance Company Jun 2024: Audit and Supervisory Board Member, Nichii Gakkan Co., Ltd. (current) Jun 2024: Audit and Supervisory Board Member, Nichii Holdings Co., Ltd. (current) Mar 2025: Audit and Supervisory Board Member, Nissay Wealth Life Insurance Co., Ltd. Jun 2025: Outside Director, Aioi Nissay Dowa Insurance Co., Ltd. (current); Outside Director of the Company (current) Jul 2025: Standing Director, Audit and Supervisory Committee Member, Nippon Life Insurance Company (current) May 2026: Audit and Supervisory Board Member, Medical Data Vision Co., Ltd. (current)
1961-05-16
Tatsuaki SEGI
Director
Apr 1983: Joined Epson Corporation (now Seiko Epson Corporation) Jun 2016: Director, Executive Officer, Seiko Epson Corporation Jun 2019: Director, Managing Executive Officer, Seiko Epson Corporation Apr 2022: Director, Senior Managing Executive Officer, Seiko Epson Corporation Apr 2023: Representative Director, Senior Managing Executive Officer, Seiko Epson Corporation Jun 2025: Outside Director of the Company (current); Outside Director, Sanken Electric Co., Ltd. (current)
1960-12-26
Hiromi YAMAGUCHI
Director
Jul 1992: Joined Coca-Cola (Japan) Company, Limited Jun 2003: Director, Hokuriku Coca-Cola Bottling Co., Ltd. Feb 2021: Joined Takeda Pharmaceutical Company Limited Sep 2023: Director, Asuacreation Ltd. (current) Jun 2025: Outside Director of the Company (current)
1962-09-30
Kimie HARADA
Director
Apr 2004: Associate Professor, Graduate School of International Accounting, Chuo University Apr 2007: Associate Professor, Graduate School of International Accounting, Chuo University Apr 2011: Associate Professor, Faculty of Commerce, Chuo University Apr 2012: Professor, Faculty of Commerce, Chuo University (current) Jun 2022: Outside Director, Mitsubishi UFJ Asset Management Co., Ltd. (current) Jun 2023: Outside Director, Audit and Supervisory Committee Member, Hokkoku Financial Holdings, Inc. (now CCI Group, Inc.) (current) Jun 2025: Outside Director of the Company (current)
1968-08-21
Masahiro ONO
Director, Audit and Supervisory Committee Member (Full-time), Chair of the Audit and Supervisory Committee
Apr 1989: Joined the Company Jun 2013: Manager, Shinjuku Redevelopment Promotion Office, Development Planning Department of the Company Jun 2016: Manager, Shinjuku Redevelopment Promotion Office, Development Planning Department, Development Business Headquarters Jun 2018: General Manager, Development Planning Department, Development Business Headquarters Jun 2020: Executive Officer, General Manager, Development Planning Department of the Company Jun 2022: Director, Managing Executive Officer, Head of Management Headquarters; Finance and Disclosure Jun 2024: Director, Audit and Supervisory Committee Member (Full-time), Chair of the Audit and Supervisory Committee (current)
1965-12-27
Hirofumi TAKEKAWA
Director, Audit and Supervisory Committee Member (Full-time)
Apr 1988: Joined Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Jun 2015: Executive Officer, Mitsubishi Tokyo UFJ Bank, Ltd. (now MUFG Bank, Ltd.) Jul 2015: Executive Officer, Mitsubishi UFJ Financial Group, Inc. Jun 2018: Outside Audit and Supervisory Board Member (Full-time) of the Company Jun 2020: Outside Director, Audit and Supervisory Committee Member (Full-time) of the Company (current)
1964-06-10
Masashi KANEKO
Director, Audit and Supervisory Committee Member
Apr 1986: Registered as attorney-at-law (Tokyo Bar Association) (current) Jun 2006: Chairman, Committee on Countermeasures against Civil Intervention, Japan Federation of Bar Associations Apr 2008: Vice President, Tokyo Bar Association Jun 2014: Outside Audit and Supervisory Board Member of the Company Jun 2020: Outside Director, Audit and Supervisory Committee Member of the Company (current)
1954-06-14
Akira YAMAUCHI
Director, Audit and Supervisory Committee Member
Apr 2006: Associate Professor, Faculty of Business Informatics, Tama University Apr 2009: Associate Professor, Faculty of Commerce, Senshu University Apr 2012: Associate Professor, Faculty of Commerce, Waseda University Apr 2016: Professor, Faculty of Commerce, Waseda University (current) Jun 2023: Outside Director, Miroku Joho Service Co., Ltd. (current); Outside Director, Audit and Supervisory Committee Member of the Company (current)
1974-11-05
Large Shareholding Reports
BlackRock Japan Co., Ltd.
2026-10-05
1.61%→1.43%
BlackRock Japan Co., Ltd.
2026-07-06
1.61%
Nomura Asset Management Co., Ltd.
2026-06-03
4.41%
Sumitomo Mitsui Trust Bank, Limited
2025-09-19
3.11%→3.34%
Annual report (as of 2026-03-31): 1.73%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-05
Large Shareholding Report
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-03
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-06-12
Amended Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2023-02-06
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2023-02-06
Amended Annual Securities Report
Period: Apr 2018 – Mar 2019
EDINETAmended
2023-02-06
Amended Annual Securities Report
Period: Apr 2017 – Mar 2018
EDINETAmended
2023-02-06
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2023-02-06
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-15
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
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