Tokyu Corporation

TSE:9005 Stock Report

Market Cap: JP¥965.6b

Tokyu Future Growth

Future criteria checks 1/6

Tokyu is forecast to grow earnings and revenue by 3.7% and 2.4% per annum respectively. EPS is expected to grow by 4.7% per annum. Return on equity is forecast to be 9.1% in 3 years.

Key information

3.7%

Earnings growth rate

4.72%

EPS growth rate

Transportation earnings growth2.4%
Revenue growth rate2.4%
Future return on equity9.13%
Analyst coverage

Good

Last updated23 Jun 2026

Recent future growth updates

Analysis Article • May 15

Tokyu Corporation (TSE:9005) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Tokyu Corporation ( TSE:9005 ) came out with its yearly results last week, and we wanted to see how the business is...
Analysis Article • Nov 14

Tokyu Corporation (TSE:9005) Half-Yearly Results: Here's What Analysts Are Forecasting For This Year

It's been a good week for Tokyu Corporation ( TSE:9005 ) shareholders, because the company has just released its latest...

Recent updates

Narrative Update • Jun 16

9005: Share Buybacks And Higher Dividends Will Support Future Returns

Analysts have kept their ¥2,144 price target for Tokyu unchanged, with slightly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E, resulting in a broadly consistent valuation view. What’s in the News for Tokyu Tokyu Corporation repurchased about 2.6 million shares for approximately ¥4.29b under its ongoing share buyback program, as part of an authorization allowing up to 13 million shares or ¥20b to be repurchased through March 2027 (source: Tokyu Corporation Repurchases ¥4.3 Billion in Shares as Part of Ongoing Buyback Program).
Narrative Update • Jun 01

9005: Share Buybacks And Rising Dividends Will Support Future Returns

Analysts have trimmed their fair value estimate for Tokyu slightly from ¥2,168.57 to ¥2,144.29 as they factor in a higher discount rate, more moderate revenue growth assumptions, a marginally stronger profit margin, and a slightly lower future P/E. What's in the News Board meeting scheduled for May 29, 2026, to consider and approve a notice of change of representative directors.
Analysis Article • May 15

Tokyu Corporation (TSE:9005) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Tokyu Corporation ( TSE:9005 ) came out with its yearly results last week, and we wanted to see how the business is...
Narrative Update • May 03

9005: Share Buybacks And Higher Dividend Guidance Will Support Future Returns

Analysts have kept their Tokyu fair value estimate steady at ¥2,168.57, while slightly adjusting underlying assumptions such as the discount rate and future P/E. This reflects incremental tweaks to their valuation framework rather than a major shift in view.
Narrative Update • Apr 18

9005: Ongoing Share Buybacks Will Support Higher Future Shareholder Returns

Analysts have held Tokyu's fair value estimate steady at ¥2,168.57, with only small tweaks to the discount rate and assumed future P/E. This reflects fine tuned views on risk and long term earnings without a major shift in overall valuation.
Narrative Update • Apr 04

9005: Ongoing Share Buybacks And Higher Payout Will Support Stable Shareholder Returns

Analysts now place Tokyu's fair value at ¥2,168.57 per share, compared with the previous ¥2,096.67. This reflects updated assumptions for slightly higher revenue growth, a modestly stronger profit margin, a similar discount rate, and a marginally lower future P/E multiple.
Narrative Update • Mar 20

9005: Share Buybacks And Higher Dividends Will Support Future Shareholder Returns

Analysts have nudged their fair value estimate for Tokyu slightly higher from ¥2,476.65 to ¥2,480.00, reflecting marginal adjustments in discount rate assumptions, revenue growth expectations, and projected profit margins, along with a steady future P/E outlook. What's in the News Tokyu updated its share repurchase activity for the program announced on May 14, 2025, reporting total buybacks of 5,774,200 shares, or 1.01% of shares, for ¥9,999.95 million through March 12, 2026, including 1,110,600 shares, or 0.19%, for ¥2,157.83 million from January 1 to March 12, 2026 (company disclosure).
Narrative Update • Mar 05

9005: Future Buybacks And Merger Plans Will Support Stable Shareholder Returns

Analysts have nudged their price target for Tokyu higher from ¥2,060 to about ¥2,097. This reflects updated views on its fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
Narrative Update • Feb 17

9005: Share Buybacks And Rising Dividends Will Drive Future Shareholder Returns

Analysts have trimmed their price target for Tokyu from about ¥2,605 to roughly ¥2,477, reflecting slightly more cautious assumptions on revenue growth, profit margins, and future P/E, while also applying a somewhat lower discount rate. What's in the News Tokyu issued consolidated earnings guidance for the fiscal year ending March 31, 2026, with operating revenue of ¥1,088,000 million, operating profit of ¥106,000 million, profit attributable to owners of parent of ¥117,600 million, and net income per share of ¥146.88 (Corporate Guidance).
Analysis Article • Feb 12

Tokyu (TSE:9005) Will Pay A Dividend Of ¥14.00

Tokyu Corporation ( TSE:9005 ) has announced that it will pay a dividend of ¥14.00 per share on the 30th of June. This...
Narrative Update • Feb 03

9005: Share Buybacks And Higher Dividends Will Support Future Upside Potential

Analysts have slightly revised their price target on Tokyu, now implying fair value of ¥2,604.64. This reflects updated views on the company’s discount rate, modest revenue growth assumptions, profit margin outlook and future P/E expectations.
Analysis Article • Jan 26

Here's Why Tokyu (TSE:9005) Is Weighed Down By Its Debt Load

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Narrative Update • Jan 20

9005: Dividend Hike And Share Buybacks Will Support Future Upside Potential

Analysts have slightly adjusted their price target for Tokyu, reflecting modest tweaks to assumptions on the discount rate, revenue growth, profit margin, and future P/E. Their updated fair value estimate remains broadly in line with the prior view.
Analysis Article • Jan 06

Lacklustre Performance Is Driving Tokyu Corporation's (TSE:9005) Low P/E

With a price-to-earnings (or "P/E") ratio of 12x Tokyu Corporation ( TSE:9005 ) may be sending bullish signals at the...
Narrative Update • Jan 05

9005: Dividend Increases And Merger Synergies Will Support Upside Potential

Narrative Update on Tokyu Analysts have modestly raised their price target on Tokyu to approximately ¥2,605, supported by slightly lower discount rate assumptions, marginally stronger long term revenue growth expectations, and stable profitability and valuation multiples. What's in the News Tokyu plans an absorption-type merger with wholly owned subsidiary Tokyu Hotels Co., Ltd., to be resolved at a board meeting scheduled for December 26, 2025 (Key Developments).
Analysis Article • Dec 22

Estimating The Intrinsic Value Of Tokyu Corporation (TSE:9005)

Key Insights The projected fair value for Tokyu is JP¥2,007 based on 2 Stage Free Cash Flow to Equity Current share...
Narrative Update • Dec 13

9005: Higher Earnings Outlook And Capital Returns Will Support Upside Potential

Narrative Update on Tokyu Analysts have modestly raised their price target on Tokyu to approximately ¥2,600 from about ¥2,540. This change reflects slightly stronger expectations for revenue growth, profit margins, and future valuation multiples, despite a marginally higher assumed discount rate.
Analysis Article • Dec 07

Tokyu's (TSE:9005) Dividend Will Be ¥14.00

Tokyu Corporation ( TSE:9005 ) will pay a dividend of ¥14.00 on the 30th of June. This will take the dividend yield to...
Analysis Article • Nov 14

Tokyu Corporation (TSE:9005) Half-Yearly Results: Here's What Analysts Are Forecasting For This Year

It's been a good week for Tokyu Corporation ( TSE:9005 ) shareholders, because the company has just released its latest...
Narrative Update • Sep 06

Expansion Into Shibuya Will Attract Tenants, But Economic Challenges May Affect Profitability

Tokyu’s fair value estimate remains effectively unchanged, as both consensus revenue growth forecasts and discount rate saw only marginal adjustments, resulting in a minor increase in the analyst price target from ¥2043 to ¥2060. What's in the News Tokyu completed the repurchase of 333,300 shares (0.06% of shares outstanding) for ¥566.32 million as part of its announced buyback program.
Analysis Article • Sep 01

Tokyu (TSE:9005) Will Pay A Larger Dividend Than Last Year At ¥14.00

The board of Tokyu Corporation ( TSE:9005 ) has announced that it will be paying its dividend of ¥14.00 on the 5th of...
Analysis Article • Aug 26

Subdued Growth No Barrier To Tokyu Corporation's (TSE:9005) Price

With a median price-to-earnings (or "P/E") ratio of close to 15x in Japan, you could be forgiven for feeling...
Analysis Article • Jul 23

Tokyu (TSE:9005) Has Announced That It Will Be Increasing Its Dividend To ¥14.00

Tokyu Corporation ( TSE:9005 ) will increase its dividend from last year's comparable payment on the 5th of December to...
Analysis Article • Jul 09

Tokyu's (TSE:9005) Shareholders Will Receive A Bigger Dividend Than Last Year

Tokyu Corporation ( TSE:9005 ) has announced that it will be increasing its dividend from last year's comparable...
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New Narrative • Nov 29

Expansion Into High-Demand Real Estate Powers Multifaceted Growth Strategy

Expansion in high-demand areas and transitioning to renewable energy can enhance property values and boost revenue through increased tenant demand.

Earnings and Revenue Growth Forecasts

TSE:9005 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20291,175,37195,92910,113192,6437
3/31/20281,156,73396,0607,462189,5316
3/31/20271,135,91791,117-14,735169,8746
3/31/20261,086,17987,071-31,577127,747N/A
12/31/20251,053,88185,377N/AN/AN/A
9/30/20251,048,73386,447-20,082108,536N/A
6/30/20251,043,25975,115N/AN/AN/A
3/31/20251,054,98179,67728,357155,104N/A
12/31/20241,094,64882,241N/AN/AN/A
9/30/20241,079,58578,20056,169170,616N/A
6/30/20241,071,64073,653N/AN/AN/A
3/31/20241,037,81963,76331,237145,334N/A
12/31/2023989,68951,795N/AN/AN/A
9/30/2023980,06842,544-14,962122,678N/A
6/30/2023961,37038,680N/AN/AN/A
3/31/2023931,29325,995-56,94195,404N/A
12/31/2022895,1262,851N/AN/AN/A
9/30/2022870,7533,077-17,20095,878N/A
6/30/2022889,1196,751N/AN/AN/A
3/31/2022879,1128,782-24,82085,577N/A
12/31/2021904,563471N/AN/AN/A
9/30/2021944,960-4,88218,678124,377N/A
6/30/2021925,347-26,779N/AN/AN/A
3/31/2021935,927-56,229-27,33985,890N/A
12/31/2020982,149-30,161N/AN/AN/A
9/30/20201,018,065-17,009-141,77965,555N/A
6/30/20201,093,8825,865N/AN/AN/A
3/31/20201,164,24342,386-44,928155,302N/A
12/31/20191,170,11757,081N/AN/AN/A
9/30/20191,165,53856,781N/A158,055N/A
6/30/20191,163,94360,659N/AN/AN/A
3/31/20191,157,44057,824N/A138,435N/A
12/31/20181,152,33254,474N/AN/AN/A
9/30/20181,145,40766,412N/A138,067N/A
6/30/20181,128,64263,298N/AN/AN/A
3/31/20181,138,61270,095N/A152,558N/A
12/31/20171,133,45071,853N/AN/AN/A
9/30/20171,134,49869,976N/A144,645N/A
6/30/20171,130,99569,002N/AN/AN/A
3/31/20171,117,35167,289N/A126,356N/A
12/31/20161,121,47862,272N/AN/AN/A
9/30/20161,106,56951,961N/A133,978N/A
6/30/20161,104,77357,203N/AN/AN/A
3/31/20161,091,45555,248N/A129,616N/A
12/31/20151,093,49059,462N/AN/AN/A
9/30/20151,084,61855,474N/A149,169N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9005's forecast earnings growth (3.7% per year) is above the savings rate (0.8%).

Earnings vs Market: 9005's earnings (3.7% per year) are forecast to grow slower than the JP market (10% per year).

High Growth Earnings: 9005's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9005's revenue (2.4% per year) is forecast to grow slower than the JP market (6.3% per year).

High Growth Revenue: 9005's revenue (2.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9005's Return on Equity is forecast to be low in 3 years time (9.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/09 17:19
End of Day Share Price 2026/07/09 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tokyu Corporation is covered by 19 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ryota HimenoBarclays
Hironori NakakuraBofA Global Research
Ryota HimenoCitigroup Inc