Overview
Land Transportation

Keifuku Electric Railroad Co.,Ltd.

Keifuku Electric Railroad operates the Randen (Arashiyama Line) tram network in Kyoto, along with bus and taxi services in Kyoto and Fukui Prefecture through subsidiaries including Kyoto Bus Co., Ltd. and Keifuku Bus Co., Ltd. The company also engages in real estate sales and leasing, as well as leisure and service businesses including hotel operations and an aquarium through its subsidiary Mikuni Kanko Sangyo Co., Ltd. As a consolidated subsidiary of Keihan Holdings Co., Ltd., the group comprises six subsidiaries spanning transportation, real estate, and leisure segments.

Market Cap
¥12.9B
US$82.0M
EV
¥18.9B
US$120M
Stock¥6,470▲+0.15%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.9
x
LTM EV/EBIT
7.6
x
LTM PER
7.5
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-30.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
12.9BUS$82.0MMarket Cap7.09BUS$45.2M+ Debt1.78BUS$11.4M− Cash0.74BUS$4.73M− Inv. Sec.1.44BUS$9.16M+ NCI18.9BUS$120MEV
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Performance & Balance
Revenue 5Y (¥B)
11.6US$74.0M'22/313.3US$85.0M'23/314.0US$89.6M'24/314.5US$92.2M'25/314.9US$94.9M'26/3
EBITDA 5Y (¥B)
1.73US$11.0M'22/32.46US$15.7M'23/33.13US$19.9M'24/33.73US$23.8M'25/34.00US$25.5M'26/3
Net Income 5Y (¥B)
0.67US$4.29M'22/31.22US$7.80M'23/32.09US$13.3M'24/31.74US$11.1M'25/31.83US$11.7M'26/3
Capital Structure
68%
32%
EquityD/E 0.48xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.01US$12.8M8.62US$55.0M'22/32.26US$14.4M7.82US$49.8M'23/32.40US$15.3M7.36US$46.9M'24/32.63US$16.8M7.06US$45.0M'25/33.02US$19.2M6.36US$40.6M'26/3
Shareholders
Top 10 hold 63.7%
1
Keihan Holdings Co.,Ltd.
43.17%
2
NIPPON PARKING DEVELOPMENT Co.,Ltd.
9.53%
3
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
4.70%
4
Kyosan Electric Manufacturing Co.,Ltd.
1.66%
5
Custody Bank of Japan, Ltd. (Trust Account)
1.33%
6
Sumitomo Mitsui Trust Bank, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
1.01%
7
Tokio Marine & Nichido Fire Insurance Co., Ltd.
0.70%
8
Sentokuji Temple
0.57%
9
Hideaki YAMAGUCHI
0.51%
10
The Fukui Bank,Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
0.50%
Management
14 officers
Norio OTSUKA
Representative Director, President
Apr 1987 Joined Keihan Electric Railway Co., Ltd. (now Keihan Holdings Co., Ltd.) Jul 2011 General Manager, Business Integration Division, Keihan Electric Railway Co., Ltd. Jun 2019 Representative Director, President, Kusuba Public Golf Course Co., Ltd. Jun 2019 Executive Officer, Keihan Holdings Co., Ltd. Jun 2019 Representative Director, President, the Company (current)
1963-08-01
Hiroaki NAGAO
Senior Managing Director, Head of Group Business Office, Head of Fukui Office
Apr 1988 Joined the Company Aug 2002 General Manager, Administration Division, the Company Jun 2011 Director, the Company; concurrently General Manager, Administration Division Mar 2012 Concurrently Head of Administration Division Apr 2013 Concurrently General Manager, Administration Department Jul 2014 Concurrently Deputy Head of Audit Office Jun 2020 Director, the Company; concurrently Head of Audit Office Jun 2021 Managing Director, the Company; concurrently Head of Group Business Office Jun 2024 Senior Managing Director, the Company (current); concurrently Head of Group Business Office (current) and Head of Fukui Office (current)
1964-03-16
Masachika YAMAZAKI
Managing Director, General Manager, Railway Division
Apr 1992 Joined Keihan Electric Railway Co., Ltd. (now Keihan Holdings Co., Ltd.) Jul 2014 General Manager, Electrical Department, Keihan Electric Railway Co., Ltd. Jun 2024 General Manager, Rolling Stock Department, Keihan Electric Railway Co., Ltd. Jun 2024 Managing Director, the Company (current) Jul 2024 Concurrently General Manager, Railway Division, the Company (current)
1965-12-11
Akio MIYAKE
Director, Deputy Head of Group Business Office
Apr 1997 Joined the Company Apr 2006 Manager, Transportation Section, Railway Division, the Company Jul 2015 Concurrently ... (position not specified in source) Jun 2018 General Manager, Railway Division, the Company Jun 2018 Director, the Company (current) Jul 2024 Concurrently General Manager, Railway Division, the Company Jul 2024 Concurrently Deputy Head of Group Business Office, the Company (current)
1975-02-10
Yasuhiro TAKEUCHI
Director, Deputy Head of Fukui Office
Apr 1995 Joined the Company Jul 2003 Manager, Fukui Business Section, Development Business Division, the Company Jul 2013 Concurrently ... (position not specified in source) Jun 2019 General Manager, Real Estate Business Division, the Company Jun 2019 Director, the Company (current); concurrently General Manager, Real Estate Business Division Jun 2021 Concurrently ... (position not specified in source) Jul 2023 Concurrently Deputy Head of Group Business Office, the Company Jul 2023 Concurrently Deputy Head of Fukui Office, the Company (current)
1972-09-16
Kazuhiko HAMA
Director, General Manager, Line Creation Business Division
Apr 1989 Joined Keihan Electric Railway Co., Ltd. (now Keihan Holdings Co., Ltd.) Jul 2009 General Manager, Business Development Promotion Office, the Company Jul 2014 Concurrently ... (position not specified in source) Jul 2017 Concurrently ... (position not specified in source) Jul 2019 Senior General Manager, Business Promotion Division, Management Integration Office, Keihan Electric Railway Co., Ltd. Jun 2020 Representative Director, President, Keihan Smile Heart Co., Ltd. Jun 2020 Managing Director, Kyoto Bus Co., Ltd. Jun 2020 Director, the Company (current) Jun 2020 Concurrently General Manager, Line Creation Business Division, the Company (current)
1965-08-27
Hitoshi FUJIKI
Director, Head of Audit Office, General Manager, Administration Division
Apr 1993 Joined Keihan Electric Railway Co., Ltd. (now Keihan Holdings Co., Ltd.) Jul 2010 Section Manager, Railway Operations Division, Management Section, Keihan Electric Railway Co., Ltd. Jul 2012 Manager, Personnel Section, Management Integration Office, Keihan Holdings Co., Ltd. Jul 2017 General Manager, Administration Division (Group Business), the Company Jul 2017 Director, Keifuku Bus Co., Ltd. Jul 2017 Representative Director, President, Keifuku Limousine Bus Co., Ltd. Jul 2020 General Manager, Administration Division (General Affairs and Personnel), the Company Jun 2021 Director, the Company (current) Jun 2021 Concurrently Deputy Head of Audit Office, the Company Jul 2024 Concurrently General Manager, Administration Division, the Company (current) Jul 2024 Concurrently Head of Audit Office, the Company (current)
1969-10-11
Masahiro ISHIMARU
Director, Chairman of the Board
Apr 1985 Joined Keihan Electric Railway Co., Ltd. (now Keihan Holdings Co., Ltd.) Jul 2009 General Manager, Personnel, Management Integration Office, Keihan Electric Railway Co., Ltd. Jun 2013 Executive Officer, Keihan Electric Railway Co., Ltd. Jun 2017 Director, Managing Executive Officer, Keihan Holdings Co., Ltd. Jun 2019 Representative Director, President, COO, Executive Officer, Keihan Holdings Co., Ltd. Jun 2019 Director, the Company Jun 2025 Director, Chairman of the Board, the Company (current)
1962-02-28
Kinya INOUE
Director
Apr 1989 Joined Keihan Electric Railway Co., Ltd. (now Keihan Holdings Co., Ltd.) Jul 2013 General Manager, Safety Promotion Department, Keihan Electric Railway Co., Ltd. Jul 2015 General Manager, Railway Operations Division, Keihan Electric Railway Co., Ltd. Jan 2016 Director, Keihan Electric Railway Preparatory Company for Demerger (now Keihan Electric Railway Co., Ltd.) Jun 2019 Managing Director, Keihan Electric Railway Co., Ltd. Jun 2023 Executive Officer, Keihan Holdings Co., Ltd. Jun 2025 Director, Managing Executive Officer, Keihan Holdings Co., Ltd. (current) Jun 2025 Representative Director, President, Keihan Electric Railway Co., Ltd. (current) Jun 2026 Director, the Company (current)
1965-07-24
Norihiro YAMAGUCHI
Director
Apr 1984 Joined Toei Co., Ltd. Jun 2017 Representative Director, President, Toei Kyoto Studio Co., Ltd. (now Toei Uzumasa Eigamura Co., Ltd.) Jun 2020 Special Advisor, Toei Kyoto Studio Co., Ltd. Jun 2021 Fellow, Asset Management Office, Content Management Department, Toei Co., Ltd. (current) Jul 2021 Director, the Company (current) Jul 2023 Advisor, Toei Kyoto Studio Co., Ltd. (Toei Uzumasa Eigamura Co., Ltd.) (current) Apr 2024 Professor, Faculty of Image Arts, Ritsumeikan University (current)
1960-11-13
Susumu NARAI
Director
Apr 1980 Joined Enoshima Kamakura Kanko Co., Ltd. (now Enoshima Electric Railway Co., Ltd.) Jun 2009 Director, Enoden Bus Yokohama Co., Ltd. (now Enoden Bus Co., Ltd.); Representative Director, President Jun 2015 Representative Director, President, Enoden Bus Fujisawa Co., Ltd. (now Enoden Bus Co., Ltd.) Apr 2018 Representative Director, President, Enoshima Electric Railway Co., Ltd. Apr 2024 Director, Advisor, Enoshima Electric Railway Co., Ltd. Apr 2025 Advisor, Enoshima Electric Railway Co., Ltd. (current) Jun 2026 Director, the Company (current)
1957-10-02
Yoichi YOSHIMURA
Full-time Audit & Supervisory Board Member
Apr 1988 Joined Keihan Electric Railway Co., Ltd. (now Keihan Holdings Co., Ltd.) Jul 2011 General Manager, Asset Business Division, Keihan Electric Railway Co., Ltd. Jul 2013 General Manager, Management Strategy, Management Integration Office, Keihan Electric Railway Co., Ltd. Jun 2017 Executive Officer, Keihan Holdings Co., Ltd. Jun 2023 Full-time Audit & Supervisory Board Member, the Company (current)
1965-11-11
Keiko IIJIMA
Audit & Supervisory Board Member
Apr 1995 Appointed Judge; served at courts in Sapporo, Chiba, Osaka, Matsue and Kyoto Jun 2009 Registered as attorney-at-law (Osaka Bar Association) (current) Jun 2016 Outside Director, Daishinku Corporation (current) Jun 2022 Audit & Supervisory Board Member, the Company (current) Mar 2024 Outside Director, Audit and Supervisory Committee Member, Optex Group Co., Ltd. (current)
1965-05-29
Kei OKUMURA
Audit & Supervisory Board Member
Oct 1998 Joined Century Audit Corporation (now EY ShinNihon LLC) May 2002 Registered as Certified Public Accountant (current) Jun 2013 Left ShinNihon LLC (now EY ShinNihon LLC) Jul 2013 Established Kei Okumura CPA Office, Representative (current) Aug 2013 Registered as Certified Tax Accountant (current) Aug 2020 Representative Partner, Okumura & Chimura Tax Corporation (current) Jun 2024 Audit & Supervisory Board Member, the Company (current)
1974-11-09
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-22
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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