Keikyu Past Earnings Performance

Past criteria checks 2/6

Keikyu has been growing earnings at an average annual rate of 56%, while the Transportation industry saw earnings growing at 1.4% annually. Revenues have been growing at an average rate of 4.5% per year. Keikyu's return on equity is 6.8%, and it has net margins of 8.8%.

Key information

56.04%

Earnings growth rate

56.07%

EPS growth rate

Transportation Industry Growth	15.63%
Revenue growth rate	4.50%
Return on equity	6.78%
Net Margin	8.76%
Last Earnings Update	30 Sep 2025

Recent past performance updates

No updates

Recent updates

No updates

Revenue & Expenses Breakdown

How Keikyu makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:KHEX.F Revenue, expenses and earnings (JPY Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 25	295,468	25,895	38,457
30 Jun 25	294,118	22,831	38,116
31 Mar 25	293,860	24,301	36,870
31 Dec 24	291,272	87,050	36,433
30 Sep 24	293,555	88,207	35,029
30 Jun 24	291,443	86,924	34,007
31 Mar 24	280,624	83,750	33,376
31 Dec 23	267,343	15,541	32,644
30 Sep 23	260,636	12,494	32,735
30 Jun 23	255,534	11,195	32,621
31 Mar 23	253,005	15,817	32,397
31 Dec 22	279,823	18,831	32,603
30 Sep 22	279,447	17,461	32,184
30 Jun 22	272,036	12,229	31,863
31 Mar 22	265,237	12,529	31,408
31 Dec 21	237,490	2,005	31,111
30 Sep 21	238,135	-1,315	31,067
30 Jun 21	241,615	-9,453	30,783
31 Mar 21	234,964	-27,211	30,654
31 Dec 20	242,679	-21,284	31,214
30 Sep 20	250,524	-16,400	31,744
30 Jun 20	271,043	-497	32,408
31 Mar 20	312,751	15,650	33,134
31 Dec 19	340,610	18,485	34,884
30 Sep 19	353,432	22,097	34,625
30 Jun 19	351,588	22,158	34,132
31 Mar 19	339,268	20,714	33,915
31 Dec 18	319,461	18,229	31,506
30 Sep 18	317,769	17,316	31,017
30 Jun 18	318,531	17,069	30,615
31 Mar 18	315,685	16,155	30,005
31 Dec 17	324,545	4,150	30,723
30 Sep 17	314,438	3,959	30,220
30 Jun 17	311,360	4,139	30,026
31 Mar 17	309,829	22,514	29,941
31 Dec 16	303,832	17,233	29,489
30 Sep 16	312,281	17,035	29,727
30 Jun 16	312,416	15,631	29,482
31 Mar 16	313,217	-3,011	28,938
31 Dec 15	323,610	16,553	29,811
30 Sep 15	317,114	13,448	29,025
30 Jun 15	317,151	11,851	28,972
31 Mar 15	317,710	10,775	28,833
31 Dec 14	301,461	7,849	27,465

Quality Earnings: KHEX.F has high quality earnings.

Growing Profit Margin: KHEX.F's current net profit margins (8.8%) are lower than last year (30%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: KHEX.F has become profitable over the past 5 years, growing earnings by 56% per year.

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

Earnings vs Industry: KHEX.F had negative earnings growth (-70.6%) over the past year, making it difficult to compare to the Transportation industry average (-10.3%).

Return on Equity

High ROE: KHEX.F's Return on Equity (6.8%) 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	2025/11/20 20:59
End of Day Share Price	2025/10/07 00:00
Earnings	2025/09/30
Annual Earnings	2025/03/31

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

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

Keikyu Corporation is covered by 8 analysts. 4 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
Ryota Himeno	J.P. Morgan
Haruki Fukuoka	Marusan Securities Co. Ltd.
Katsuhiko Suzuki	Mizuho Securities Co., Ltd.