Keisei Electric Railway Co., Ltd. (TYO:9009)

Keisei Electric Railway Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	325,909	319,314	296,509	252,338	214,157	207,761
Revenue Growth (YoY)	6.30%	7.69%	17.51%	17.83%	3.08%	-24.39%
Cost of Revenue	237,565	230,623	221,788	198,178	181,034	189,096
Gross Profit	88,344	88,691	74,721	54,160	33,123	18,665
Selling, General & Admin	42,087	41,157	38,602	34,476	38,323	36,721
Other Operating Expenses	4,219	4,219	3,719	2,680	-	-
Operating Expenses	53,612	52,682	49,479	43,930	38,323	36,721
Operating Income	34,732	36,009	25,242	10,230	-5,200	-18,056
Interest Expense	-2,983	-2,646	-2,558	-2,420	-2,375	-2,453
Interest & Investment Income	1,043	775	570	468	466	534
Earnings From Equity Investments	26,074	25,739	25,927	17,401	508	-16,993
Other Non Operating Income (Expenses)	1,567	1,878	2,409	1,084	3,408	4,805
EBT Excluding Unusual Items	60,433	61,755	51,590	26,763	-3,193	-32,163
Gain (Loss) on Sale of Investments	41,771	39,436	70,853	8,128	1,122	-49
Gain (Loss) on Sale of Assets	169	-	-	-	30	864
Asset Writedown	-5,111	-5,200	-2,535	-3,379	-2,795	-1,702
Other Unusual Items	4,570	4,758	2,031	1,345	1,944	717
Pretax Income	101,832	100,749	121,939	32,857	-2,892	-32,333
Income Tax Expense	27,677	28,688	32,653	4,892	773	-2,034
Earnings From Continuing Operations	74,155	72,061	89,286	27,965	-3,665	-30,299
Minority Interest in Earnings	-1,967	-2,100	-1,629	-1,036	-773	10
Net Income	72,188	69,961	87,657	26,929	-4,438	-30,289
Net Income to Common	72,188	69,961	87,657	26,929	-4,438	-30,289
Net Income Growth	-18.02%	-20.19%	225.51%	-	-	-
Shares Outstanding (Basic)	485	488	501	500	506	506
Shares Outstanding (Diluted)	485	488	501	500	506	506
Shares Change (YoY)	-1.80%	-2.72%	0.35%	-1.19%	-0.04%	-0.29%
EPS (Basic)	148.84	143.46	174.86	53.90	-8.78	-59.88
EPS (Diluted)	148.84	143.46	174.86	53.90	-8.78	-59.88
EPS Growth	-16.52%	-17.95%	224.38%	-	-	-
Free Cash Flow	-40,996	-22,048	5,510	14,406	-9,404	-24,066
Free Cash Flow Per Share	-84.53	-45.21	10.99	28.84	-18.60	-47.58
Dividend Per Share	10.000	16.000	10.333	6.667	5.667	5.667
Dividend Growth	-16.67%	54.84%	55.00%	17.65%	-	-
Gross Margin	27.11%	27.77%	25.20%	21.46%	15.47%	8.98%
Operating Margin	10.66%	11.28%	8.51%	4.05%	-2.43%	-8.69%
Profit Margin	22.15%	21.91%	29.56%	10.67%	-2.07%	-14.58%
Free Cash Flow Margin	-12.58%	-6.91%	1.86%	5.71%	-4.39%	-11.58%
EBITDA	67,842	68,609	58,594	41,846	25,283	12,184
EBITDA Margin	20.82%	21.49%	19.76%	16.58%	11.81%	5.86%
D&A For EBITDA	33,110	32,600	33,352	31,616	30,483	30,240
EBIT	34,732	36,009	25,242	10,230	-5,200	-18,056
EBIT Margin	10.66%	11.28%	8.51%	4.05%	-2.43%	-8.69%
Effective Tax Rate	27.18%	28.48%	26.78%	14.89%	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.