Reported Earnings • Jun 19
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥227 (up from JP¥199 in FY 2025). Revenue: JP¥264.7b (up 1.5% from FY 2025). Net income: JP¥25.1b (up 12% from FY 2025). Profit margin: 9.5% (in line with FY 2025). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) exceeded analyst estimates by 9.6%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 06
NANKAI Co., Ltd. to Report Q1, 2027 Results on Jul 30, 2026 NANKAI Co., Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026 Announcement • Apr 30
NANKAI Co., Ltd., Annual General Meeting, Jun 16, 2026 NANKAI Co., Ltd., Annual General Meeting, Jun 16, 2026. Announcement • Apr 16
NANKAI Co., Ltd. to Report Fiscal Year 2026 Results on Apr 30, 2026 NANKAI Co., Ltd. announced that they will report fiscal year 2026 results on Apr 30, 2026 New Risk • Feb 20
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥74.90 (vs JP¥67.65 in 3Q 2025) Third quarter 2026 results: EPS: JP¥74.90 (up from JP¥67.65 in 3Q 2025). Revenue: JP¥68.9b (up 8.4% from 3Q 2025). Net income: JP¥8.17b (up 6.7% from 3Q 2025). Profit margin: 12% (in line with 3Q 2025). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 06
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 30th March 2026 Payment date: 19th June 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Nankai Electric Railway Co., Ltd. to Report Q3, 2026 Results on Jan 29, 2026 Nankai Electric Railway Co., Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥58.35 (vs JP¥51.51 in 2Q 2025) Second quarter 2026 results: EPS: JP¥58.35 (up from JP¥51.51 in 2Q 2025). Revenue: JP¥63.8b (flat on 2Q 2025). Net income: JP¥6.49b (up 11% from 2Q 2025). Profit margin: 10% (up from 9.1% in 2Q 2025). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Oct 01
Nankai Electric Railway Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Nankai Electric Railway Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.8%). Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥67.11 (vs JP¥59.33 in 1Q 2025) First quarter 2026 results: EPS: JP¥67.11 (up from JP¥59.33 in 1Q 2025). Revenue: JP¥62.7b (up 5.0% from 1Q 2025). Net income: JP¥7.60b (up 13% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Nankai Electric Railway Co., Ltd. (TSE:9044) announces an Equity Buyback for 6,000,000 shares, representing 5.29% for ¥12,000 million. Nankai Electric Railway Co., Ltd. (TSE:9044) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 5.29% of its share capital for ¥12,000 million. The purpose of the program is to increase the distribution of benefits to shareholders and thereby enhance our communication capabilities with the capital markets. The program will expire on January 30, 2026. As of June 30, 2025, the company had 113,319,032 shares in issue and 83,414 Shares in treasury. Declared Dividend • Jul 09
Final dividend increased to JP¥20.00 Dividend of JP¥20.00 is 14% higher than last year. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Jun 20
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥199 (down from JP¥211 in FY 2024). Revenue: JP¥260.8b (up 7.9% from FY 2024). Net income: JP¥22.5b (down 6.0% from FY 2024). Profit margin: 8.6% (down from 9.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 2.3%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jun 10
Nankai Electric Railway Co., Ltd. to Report Q1, 2026 Results on Jul 30, 2025 Nankai Electric Railway Co., Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥199 (down from JP¥211 in FY 2024). Revenue: JP¥260.8b (up 7.9% from FY 2024). Net income: JP¥22.5b (down 6.0% from FY 2024). Profit margin: 8.6% (down from 9.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 2.3%. Revenue is forecast to grow 3.8% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Apr 30
Nankai Electric Railway Co., Ltd., Annual General Meeting, Jun 18, 2025 Nankai Electric Railway Co., Ltd., Annual General Meeting, Jun 18, 2025. Announcement • Mar 27
Nankai Electric Railway Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2025 Nankai Electric Railway Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥67.65 (vs JP¥115 in 3Q 2024) Third quarter 2025 results: EPS: JP¥67.65 (down from JP¥115 in 3Q 2024). Revenue: JP¥63.5b (down 4.3% from 3Q 2024). Net income: JP¥7.66b (down 41% from 3Q 2024). Profit margin: 12% (down from 20% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
Mirai Sozosha Co., Ltd agreed to acquire EMOSHARE Co., Ltd from Nankai Electric Railway Co., Ltd. (TSE:9044). Mirai Sozosha Co., Ltd agreed to acquire EMOSHARE Co., Ltd from Nankai Electric Railway Co., Ltd. (TSE:9044) on January 10, 2025. Price Target Changed • Dec 09
Price target decreased by 7.0% to JP¥3,275 Down from JP¥3,523, the current price target is an average from 2 analysts. New target price is 33% above last closing price of JP¥2,460. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥202 for next year compared to JP¥211 last year. Declared Dividend • Dec 06
First half dividend of JP¥17.50 announced Shareholders will receive a dividend of JP¥17.50. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 1.4%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 23% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Announcement • Dec 05
Nankai Electric Railway Co., Ltd. to Report Q3, 2025 Results on Jan 30, 2025 Nankai Electric Railway Co., Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥51.51 (vs JP¥40.91 in 2Q 2024) Second quarter 2025 results: EPS: JP¥51.51 (up from JP¥40.91 in 2Q 2024). Revenue: JP¥63.9b (up 1.6% from 2Q 2024). Net income: JP¥5.83b (up 26% from 2Q 2024). Profit margin: 9.1% (up from 7.4% in 2Q 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
Nankai Electric Railway Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Nankai Electric Railway Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥59.33 (vs JP¥37.40 in 1Q 2024) First quarter 2025 results: EPS: JP¥59.33 (up from JP¥37.40 in 1Q 2024). Revenue: JP¥59.7b (up 8.9% from 1Q 2024). Net income: JP¥6.72b (up 59% from 1Q 2024). Profit margin: 11% (up from 7.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 26
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: JP¥211 (up from JP¥129 in FY 2023). Revenue: JP¥241.6b (up 9.2% from FY 2023). Net income: JP¥23.9b (up 64% from FY 2023). Profit margin: 9.9% (up from 6.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 01
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: JP¥211 (up from JP¥129 in FY 2023). Revenue: JP¥241.6b (up 9.2% from FY 2023). Net income: JP¥23.9b (up 64% from FY 2023). Profit margin: 9.9% (up from 6.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Nankai Electric Railway Co., Ltd., Annual General Meeting, Jun 21, 2024 Nankai Electric Railway Co., Ltd., Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.2%). Announcement • Mar 20
Nankai Electric Railway Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2024 Nankai Electric Railway Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2024 Major Estimate Revision • Feb 07
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥244.3b to JP¥247.6b. EPS estimate increased from JP¥172 to JP¥197 per share. Net income forecast to shrink 11% next year vs 3.5% growth forecast for Transportation industry in Japan . Consensus price target up from JP¥3,483 to JP¥3,583. Share price rose 3.3% to JP¥2,978 over the past week. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥115 (vs JP¥40.35 in 3Q 2023) Third quarter 2024 results: EPS: JP¥115 (up from JP¥40.35 in 3Q 2023). Revenue: JP¥66.4b (up 20% from 3Q 2023). Net income: JP¥13.0b (up 185% from 3Q 2023). Profit margin: 20% (up from 8.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 01
Nankai Electric Railway Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Nankai Electric Railway Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥40.91 (vs JP¥35.05 in 2Q 2023) Second quarter 2024 results: EPS: JP¥40.91 (up from JP¥35.05 in 2Q 2023). Revenue: JP¥62.8b (up 11% from 2Q 2023). Net income: JP¥4.63b (up 17% from 2Q 2023). Profit margin: 7.4% (up from 7.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 13
Nankai Electric Railway Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Nankai Electric Railway Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥37.40 (vs JP¥27.78 in 1Q 2023) First quarter 2024 results: EPS: JP¥37.40 (up from JP¥27.78 in 1Q 2023). Revenue: JP¥54.8b (up 5.8% from 1Q 2023). Net income: JP¥4.24b (up 35% from 1Q 2023). Profit margin: 7.7% (up from 6.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Nankai Electric Railway Co., Ltd. to Report Q1, 2024 Results on Aug 01, 2023 Nankai Electric Railway Co., Ltd. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • Jun 22
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥129 (up from JP¥35.50 in FY 2022). Revenue: JP¥221.3b (up 9.7% from FY 2022). Net income: JP¥14.6b (up 264% from FY 2022). Profit margin: 6.6% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 38%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 12
Price target increased by 7.1% to JP¥3,527 Up from JP¥3,293, the current price target is an average from 3 analysts. New target price is 10% above last closing price of JP¥3,203. Stock is up 22% over the past year. The company is forecast to post earnings per share of JP¥149 for next year compared to JP¥129 last year. Reported Earnings • Apr 29
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥129 (up from JP¥35.50 in FY 2022). Revenue: JP¥221.3b (up 9.7% from FY 2022). Net income: JP¥14.6b (up 264% from FY 2022). Profit margin: 6.6% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 38%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.2%). Major Estimate Revision • Feb 16
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥99.52 to JP¥89.22 per share. Revenue forecast steady at JP¥225.5b. Net income forecast to grow 38% next year vs 13% growth forecast for Transportation industry in Japan. Consensus price target up from JP¥3,293 to JP¥3,427. Share price was steady at JP¥2,797 over the past week. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥40.35 (vs JP¥31.67 in 3Q 2022) Third quarter 2023 results: EPS: JP¥40.35 (up from JP¥31.67 in 3Q 2022). Revenue: JP¥55.5b (down 2.1% from 3Q 2022). Net income: JP¥4.57b (up 27% from 3Q 2022). Profit margin: 8.2% (up from 6.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Dec 27
Price target increased to JP¥3,293 Up from JP¥3,050, the current price target is an average from 3 analysts. New target price is 15% above last closing price of JP¥2,873. Stock is up 36% over the past year. The company is forecast to post earnings per share of JP¥99.52 for next year compared to JP¥35.50 last year. Major Estimate Revision • Dec 07
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥121 to JP¥105 per share. Revenue forecast steady at JP¥225.4b. Net income forecast to grow 52% next year vs 7.6% growth forecast for Transportation industry in Japan. Consensus price target up from JP¥3,050 to JP¥3,150. Share price fell 2.1% to JP¥2,946 over the past week. Announcement • Nov 30
Nankai Electric Railway Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Nankai Electric Railway Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Price Target Changed • Nov 16
Price target increased to JP¥3,050 Up from JP¥2,850, the current price target is an average from 2 analysts. New target price is 8.4% above last closing price of JP¥2,813. Stock is up 28% over the past year. The company is forecast to post earnings per share of JP¥121 for next year compared to JP¥35.50 last year. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥35.05 (vs JP¥13.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥35.05 (up from JP¥13.41 in 2Q 2022). Revenue: JP¥56.4b (up 18% from 2Q 2022). Net income: JP¥3.97b (up 161% from 2Q 2022). Profit margin: 7.0% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Oct 31
Nankai Electric Railway Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Nankai Electric Railway Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the period, the consolidated company expects operating revenues of JPY 227,300 million, operating profit of JPY 17,000 million, profit attributable to owners of parent of JPY 10,100 million and basic earnings per share of JPY 89.20. Announcement • Sep 14
Nankai Electric Railway Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Nankai Electric Railway Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Aug 02
First quarter 2023 earnings released: EPS: JP¥27.78 (vs JP¥0.60 in 1Q 2022) First quarter 2023 results: EPS: JP¥27.78 (up from JP¥0.60 in 1Q 2022). Revenue: JP¥51.8b (up 19% from 1Q 2022). Net income: JP¥3.15b (up JP¥3.08b from 1Q 2022). Profit margin: 6.1% (up from 0.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.1%, compared to a 20% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Price Target Changed • Jun 16
Price target increased to JP¥3,050 Up from JP¥2,850, the current price target is an average from 2 analysts. New target price is 19% above last closing price of JP¥2,562. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of JP¥121 for next year compared to JP¥35.50 last year. Announcement • Jun 09
Nankai Electric Railway Co., Ltd. to Report Q1, 2023 Results on Aug 01, 2022 Nankai Electric Railway Co., Ltd. announced that they will report Q1, 2023 results on Aug 01, 2022 Reported Earnings • Apr 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥35.50 (up from JP¥16.43 loss in FY 2021). Revenue: JP¥201.8b (up 5.8% from FY 2021). Net income: JP¥4.02b (up JP¥5.88b from FY 2021). Profit margin: 2.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 7.5%, compared to a 21% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Apr 08
Nankai Electric Railway Co., Ltd. to Report Fiscal Year 2022 Results on Apr 28, 2022 Nankai Electric Railway Co., Ltd. announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.3%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥31.67 (up from JP¥9.94 in 3Q 2021). Revenue: JP¥56.7b (up 14% from 3Q 2021). Net income: JP¥3.59b (up 219% from 3Q 2021). Profit margin: 6.3% (up from 2.3% in 3Q 2021). Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 9.6%, compared to a 18% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥13.41 (vs JP¥5.66 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥48.0b (up 1.7% from 2Q 2021). Net income: JP¥1.52b (up 137% from 2Q 2021). Profit margin: 3.2% (up from 1.4% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥0.60 (vs JP¥22.47 loss in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2022 results: Revenue: JP¥43.7b (flat on 1Q 2021). Net income: JP¥68.0m (up JP¥2.61b from 1Q 2021). Profit margin: 0.2% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
Full year 2021 earnings released: JP¥16.43 loss per share (vs JP¥184 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥190.8b (down 16% from FY 2020). Net loss: JP¥1.86b (down 109% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.1%). Announcement • Mar 21
Nankai Electric Railway Co., Ltd. to Report Fiscal Year 2021 Results on Apr 30, 2021 Nankai Electric Railway Co., Ltd. announced that they will report fiscal year 2021 results on Apr 30, 2021 Is New 90 Day High Low • Mar 16
New 90-day high: JP¥2,764 The company is up 5.0% from a price of JP¥2,628 on 16 December 2020. Underperformed the Japanese market, which is up 10.0% over the last 90 days. Lagged the Transportation industry, which is up 12% over the same period. Major Estimate Revision • Mar 02
Analysts update estimates The company's losses in 2021 are expected to worsen with analysts lowering their consensus EPS forecasts from -JP¥4.41 to -JP¥7.06. Revenue estimate was approximately flat at JP¥183.7b. The Transportation industry in Japan is expected to see an average net income growth of 6.1% next year. The consensus price target of JP¥2,725 was unchanged from the last update. Share price stayed mostly flat at JP¥2,616 over the past week. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥9.94 (vs JP¥53.76 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥49.9b (down 14% from 3Q 2020). Net income: JP¥1.13b (down 82% from 3Q 2020). Profit margin: 2.3% (down from 10% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Price Target Changed • Dec 09
Price target raised to JP¥2,725 Up from JP¥2,500, the current price target is an average from 2 analysts. The new target price is close to the current share price of JP¥2,648. As of last close, the stock is down 11% over the past year. Major Estimate Revision • Dec 09
Analysts update estimates The 2021 consensus revenue estimate increased from JP¥179.3b to JP¥184.8b. The company is forecast to report a loss instead of a profit with analysts lowering their EPS forecasts from JP¥1.77 to -JP¥4.41 for the same period. The Transportation industry in Japan is expected to see an average net income growth of 12% next year. The consensus price target increased from JP¥2,500 to JP¥2,725. Share price stayed mostly flat at JP¥2,648 over the past week. Announcement • Dec 05
Nankai Electric Railway Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Nankai Electric Railway Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Announcement • Oct 10
Nankai Electric Railway Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Nankai Electric Railway Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 29
Nankai Electric Railway Co., Ltd. to Report Q1, 2021 Results on Jul 31, 2020 Nankai Electric Railway Co., Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020