Keisei Electric Railway Past Earnings Performance

Past criteria checks 2/6

Keisei Electric Railway has been growing earnings at an average annual rate of 49.6%, while the Transportation industry saw earnings growing at 0.4% annually. Revenues have been growing at an average rate of 10.9% per year. Keisei Electric Railway's return on equity is 8.7%, and it has net margins of 14.4%.

Key information

49.61%

Earnings growth rate

49.96%

EPS growth rate

Transportation Industry Growth	15.63%
Revenue growth rate	10.85%
Return on equity	8.65%
Net Margin	14.45%
Last Earnings Update	31 Mar 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Keisei Electric Railway makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:KERC.Y Revenue, expenses and earnings (JPY Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 26	332,424	48,023	54,676
31 Dec 25	328,701	51,650	54,103
30 Sep 25	325,909	72,188	42,087
30 Jun 25	322,351	69,358	53,781
31 Mar 25	319,314	69,961	41,157
31 Dec 24	312,082	112,348	51,878
30 Sep 24	306,593	88,061	40,137
30 Jun 24	304,340	90,352	50,136
31 Mar 24	296,509	87,657	38,602
31 Dec 23	289,234	39,901	38,231
30 Sep 23	281,256	32,424	37,418
30 Jun 23	265,048	33,169	36,010
31 Mar 23	252,338	26,929	34,476
31 Dec 22	239,585	23,017	42,251
30 Sep 22	229,032	18,945	40,556
30 Jun 22	221,995	3,385	39,224
31 Mar 22	214,157	-4,438	38,323
31 Dec 21	212,709	-15,413	38,190
30 Sep 21	212,416	-19,797	37,420
30 Jun 21	213,230	-19,765	37,219
31 Mar 21	207,761	-30,289	36,721
31 Dec 20	221,775	-22,785	37,321
30 Sep 20	236,290	-9,344	38,217
30 Jun 20	250,878	4,730	38,542
31 Mar 20	274,796	30,110	39,328
31 Dec 19	275,358	39,410	38,829
30 Sep 19	269,644	39,298	37,827
30 Jun 19	267,973	39,307	37,423
31 Mar 19	261,553	38,642	36,630
31 Dec 18	262,256	36,756	36,227
30 Sep 18	259,185	35,579	36,078
30 Jun 18	256,005	35,659	35,582
31 Mar 18	255,028	34,811	35,204
31 Dec 17	251,597	36,390	34,570
30 Sep 17	250,016	36,458	34,405
30 Jun 17	247,642	36,412	34,470
31 Mar 17	245,837	35,711	34,708
31 Dec 16	245,179	32,323	35,099
30 Sep 16	247,168	32,184	35,183
30 Jun 16	251,870	31,874	35,299
31 Mar 16	251,204	30,997	35,324
31 Dec 15	255,271	31,222	35,264
30 Sep 15	253,368	29,100	35,149
30 Jun 15	249,482	27,045	35,003

Quality Earnings: KERC.Y has high quality earnings.

Growing Profit Margin: KERC.Y's current net profit margins (14.4%) are lower than last year (21.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: KERC.Y has become profitable over the past 5 years, growing earnings by 49.6% per year.

Accelerating Growth: KERC.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KERC.Y had negative earnings growth (-31.4%) over the past year, making it difficult to compare to the Transportation industry average (-12.3%).

Return on Equity

High ROE: KERC.Y's Return on Equity (8.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/23 21:22
End of Day Share Price	2026/03/26 00:00
Earnings	2026/03/31
Annual Earnings	2026/03/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

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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

Keisei Electric Railway Co., Ltd. is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Yasuhito Tsuchiya	BofA Global Research
Akira Funae	Citigroup Inc
James Moon	Haitong International Research Limited