(9009) Stock Price

Keisei Electric Railway is a diversified corporate group with multiple business segments. Its main business segments include transportation, distribution, real estate, leisure and services, construction, and other operations. Through these businesses, the company contributes to local communities and meets diverse customer needs.

In the transportation segment, the company primarily operates railway services. Keisei Electric Railway, Shin-Keisei Electric Railway, Hokuso Railway, Kanto Railway, and Chiba New Town Railway provide rail services. The company also operates bus and taxi services through Keisei Bus and Teito Taxi Transportation, among others.

In the distribution segment, the company operates retail stores and department stores. Keisei Store and Mito Keisei Department Store are representative businesses. These operations provide local residents with convenient shopping options. Your Elm Keisei and other entities handle additional distribution operations.

In the real estate segment, the company engages in real estate leasing and sales. Keisei Real Estate and Keisei Building Service are major subsidiaries that address regional real estate needs. The company also manages real estate properties, with Keisei Building Service playing a key role in this area.

In the leisure and services segment, the company provides hotel and travel services. Chiba Keisei Hotel and Keisei Travel Service are representative businesses. Oriental Land, as an affiliated company, is also involved in leisure facility operations.

In the construction segment, Keisei Construction and Keisei Electric Works handle infrastructure development and construction projects, contributing to regional development. Other operations include automotive-related services and driving school operations, managed by Keisei Automotive Industries and Keisei Driving School.

Keisei Electric Railway is advancing its long-term management plan "D Plan" from 2022 through 2030. This plan aims to contribute to the realization of a sustainable society through strengthening Narita Airport's functions. Specifically, the company is addressing five long-term management priorities—daily living, tourism promotion, airport transportation, governance, and human resources—with safety and security as the foundation.

The medium-term management plan "D2 Plan" (fiscal years 2025–2027) focuses on strengthening airport access and building resilience against external environmental changes. Keisei views the enhancement of Narita Airport's functions as an opportunity to increase corporate value, and will advance improvements in transportation capacity and service quality. The company will also strengthen its business portfolio, centered on real estate operations, to build a structure resilient to external changes.

Keisei Electric Railway targets operating revenue of 375 billion yen and operating profit of 38 billion yen by fiscal year 2027. The company plans to maintain ROE above 8% and EBITDA multiples in the 7x range, while raising the consolidated dividend payout ratio to 30% or higher. These measures aim to enhance long-term corporate value.

In conjunction with Narita Airport's functional enhancement, Keisei Electric Railway plans major investments including the introduction of new premium express trains and the double-tracking of single-track sections. These initiatives will strengthen airport access and enhance value along the railway corridor. The company is committed to developing alongside local communities and delivering sustainable value.