Overview
Land Transportation

Sanyo Electric Railway Co.,Ltd.

Sanyo Electric Railway operates a private railway network spanning approximately 59 km between Kobe (Nishi-daishi) and Himeji in Hyogo Prefecture, with direct through-service connections to the Hanshin and Hankyu networks reaching central Osaka. Beyond its core rail operations, the company manages a diversified group encompassing bus and taxi transportation, department store retail (Sanyo Department Store), real estate leasing and development, leisure and food services, and IT/facility maintenance businesses. The group leverages its railway corridor assets to generate ancillary revenues across retail, real estate, and services along the Kobe–Himeji axis.

Market Cap
¥43.0B
US$274M
EV
¥63.0B
US$402M
Stock¥1,937▼-0.36%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.4
x
LTM EV/EBIT
13.2
x
LTM PER
12.3
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-27.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
43.0BUS$274MMarket Cap44.0BUS$281M+ Debt6.69BUS$42.7M− Cash17.4BUS$111M− Inv. Sec.63.0BUS$402MEV
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Performance & Balance
Revenue 5Y (¥B)
34.2US$218M'22/338.9US$248M'23/339.2US$250M'24/338.5US$245M'25/340.1US$256M'26/3
EBITDA 5Y (¥B)
5.54US$35.3M'22/37.70US$49.1M'23/38.01US$51.1M'24/37.82US$49.9M'25/38.25US$52.6M'26/3
Net Income 5Y (¥B)
5.97US$38.1M'22/32.66US$17.0M'23/33.11US$19.8M'24/33.03US$19.3M'25/34.05US$25.8M'26/3
Capital Structure
59%
41%
EquityD/E 0.68xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
12.6US$80.5M37.9US$242M'22/314.9US$95.1M39.8US$254M'23/315.4US$98.0M39.2US$250M'24/320.1US$128M43.2US$275M'25/321.8US$139M42.5US$271M'26/3
Shareholders
Top 10 hold 36.8%
1
Hanshin Electric Railway Co., Ltd.
17.40%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.30%
3
Kanden Realty & Development Co., Ltd.
5.00%
4
Sumitomo Mitsui Banking Corporation
2.80%
5
Mizuho Trust & Banking Co., Ltd. (Retirement Benefit Trust, Kawasaki Heavy Industries,Ltd. Account; Re-trustee: Custody Bank of Japan, Ltd.)
1.20%
6
The Master Trust Bank of Japan, Ltd. (Retirement Benefit Trust, Shinki Bus Co.,Ltd. Account)
1.20%
7
Sumitomo Mitsui Trust Bank, Limited
1.10%
8
KAJIMA CORPORATION
1.00%
9
Morozoff Limited
0.90%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.90%
Management
12 officers
Kazuhiro KAMIMON
Representative Director, Chairman
Apr 1980: Joined the Company Jun 2005: Director of the Company Jun 2008: Managing Director of the Company Jun 2009: Representative Director, President of the Company Jun 2025: Representative Director, Chairman of the Company (current) Jun 2025: Representative Director, President of Sanyo Leisure Service Co., Ltd. (current)
1958-03-22
Masahiro ITO
Representative Director, President
Apr 1987: Joined the Company Feb 2011: Representative Director, President of Osaka Sanyo Taxi Co., Ltd. Jul 2017: Representative Director, President of Sanyo Taxi Co., Ltd. Jun 2022: Director, Executive Officer of the Company Jun 2023: Director, Managing Executive Officer of the Company Jun 2024: Representative Director, Senior Managing Executive Officer of the Company Jun 2025: Representative Director, President of the Company (current)
1964-01-02
Shinichi YONEDA
Director, Senior Managing Executive Officer, General Manager of Himeji Station Redevelopment Promotion Office
Apr 1984: Joined the Company Jun 2013: Director of the Company Jun 2019: Managing Director of the Company Apr 2020: Director, Managing Executive Officer of the Company Feb 2023: Representative Director, Chairman of Sanden Fudosan Co., Ltd. Jun 2024: Director, Senior Managing Executive Officer of the Company (current) Jun 2024: Representative Director, President of Sanden Fudosan Co., Ltd.
1961-07-25
Ryuji MASUDA
Director, Managing Executive Officer, General Manager of Railway Business Headquarters
Apr 1994: Joined the Company Apr 2020: Executive Officer of the Company Jun 2021: Director, Executive Officer of the Company Jun 2023: Director, Managing Executive Officer of the Company (current)
1971-10-10
Fumiteru KAWAKUBO
Director, Managing Executive Officer, General Manager of Corporate Planning Office and General Manager of Business Management Office
Apr 1993: Joined the Company Apr 2020: Executive Officer of the Company Jun 2022: Director, Executive Officer of the Company Feb 2023: [Position not specified in source] Jun 2025: Representative Director, President of Sanden Fudosan Co., Ltd. Jun 2025: Director, Managing Executive Officer of the Company (current) [Date not specified in source]: Representative Director, President of Sanyo Bus Co., Ltd.
1970-12-31
Akihiko KANAYA
Director, Full-time Audit and Supervisory Committee Member
Apr 1984: Joined the Company Jun 2015: Director of the Company Dec 2016: Representative Director, President of Sumaura Amusement Park Co., Ltd. (now Sanyo Leisure Service Co., Ltd.) Apr 2020: Director, Executive Officer of the Company Jun 2022: Full-time Audit & Supervisory Board Member of the Company Jun 2025: Director, Full-time Audit and Supervisory Committee Member of the Company (current)
1961-01-21
Makoto NAGAO
Director
Apr 1982: Joined Shinki Bus Co., Ltd. Jun 2013: Representative Director, President of Shinki Bus Co., Ltd. (current) Jun 2017: Director of the Company (current)
1959-07-23
Yoko SATO
Director
Sep 1986: [Entry not specified in source] Mar 1990: Joined Ota Showa & Co.; registered as Certified Public Accountant May 2011: Senior Partner, Shin Nihon & Co. (now EY ShinNihon LLC) Jun 2019: [Entry not specified in source] Sep 2019: [Entry not specified in source] Jun 2021: Left EY ShinNihon LLC; Director, Yoko Sato Certified Public Accountant Office (current) Jun 2021: Director of the Company (current)
1960-07-23
Masao HATA
Director
Apr 1981: Joined Hanshin Electric Railway Co., Ltd. Apr 2017: Representative Director, President of Hanshin Electric Railway Co., Ltd. Jun 2017: Representative Director, Vice President of Hankyu Hanshin Holdings, Inc. Apr 2023: Representative Director, Chairman of Hanshin Electric Railway Co., Ltd. (current) Jun 2023: Director of the Company (current)
1957-05-22
Yoko AKASHI
Director
Oct 2004: Registered as attorney-at-law (Hyogo Bar Association); joined Minato Law Office (current) Jun 2026: Director of the Company
1974-11-27
Jiro KAGAWA
Director, Audit and Supervisory Committee Member
Apr 1976: Joined The Kansai Electric Power Co., Inc. Jun 2011: Representative Director, Senior Vice President of The Kansai Electric Power Co., Inc. Jun 2013: Representative Director, Senior Vice President Executive Officer of The Kansai Electric Power Co., Inc. Jun 2018: Representative Director, Chairman of Kanden Realty & Development Co., Ltd. Jun 2022: [Entry not specified in source] Jun 2025: Audit & Supervisory Board Member of the Company [Date not specified in source]: Director, Audit and Supervisory Committee Member of the Company (current)
1953-01-03
Atsushi TAKADA
Director, Audit and Supervisory Committee Member
Apr 1985: Joined The Taiyo Kobe Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Apr 2017: Managing Executive Officer of Sumitomo Mitsui Banking Corporation Jun 2020: Representative Director, President of SMBC Consulting Co., Ltd. Jun 2022: Representative Director, President of Kobe Tochi Tatemono Co., Ltd. Jun 2024: Audit & Supervisory Board Member of the Company Jun 2025: Director, Audit and Supervisory Committee Member of the Company (current) Chairman of the Board of Directors, Kobe Tochi Tatemono Co., Ltd. (current)
1961-07-05
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-17
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Apr 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-06-20
Annual Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-11-15
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINETAmended
2021-08-05
Amended Annual Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-09
Quarterly Securities Report
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