Keisei Electric Railway Co. Ltd (KEI) - Net Assets
Based on the latest financial reports, Keisei Electric Railway Co. Ltd (KEI) has net assets worth €550.47 Billion EUR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.10 Trillion) and total liabilities (€550.49 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €550.47 Billion |
| % of Total Assets | 50.0% |
| Annual Growth Rate | 7.31% |
| 5-Year Change | 32.47% |
| 10-Year Change | 77.03% |
| Growth Volatility | 6.35 |
Keisei Electric Railway Co. Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Keisei Electric Railway Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Keisei Electric Railway Co. Ltd (2014–2025)
The table below shows the annual net assets of Keisei Electric Railway Co. Ltd from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €524.65 Billion | +11.83% |
| 2024-03-31 | €469.16 Billion | +14.17% |
| 2023-03-31 | €410.94 Billion | +5.99% |
| 2022-03-31 | €387.70 Billion | -2.11% |
| 2021-03-31 | €396.04 Billion | -7.61% |
| 2020-03-31 | €428.66 Billion | +6.39% |
| 2019-03-31 | €402.90 Billion | +9.95% |
| 2018-03-31 | €366.42 Billion | +10.25% |
| 2017-03-31 | €332.34 Billion | +12.14% |
| 2016-03-31 | €296.37 Billion | +10.74% |
| 2015-03-31 | €267.62 Billion | +10.83% |
| 2014-03-31 | €241.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Keisei Electric Railway Co. Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 184.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €482.05 Billion | 94.71% |
| Other Components | €26.93 Billion | 5.29% |
| Total Equity | €508.98 Billion | 100.00% |
Keisei Electric Railway Co. Ltd Competitors by Market Cap
The table below lists competitors of Keisei Electric Railway Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Airlines Ltd
TW:2610
|
$3.51 Billion |
|
Atacadão S.A
SA:CRFB3
|
$3.51 Billion |
|
HBIS Co Ltd
SHE:000709
|
$3.51 Billion |
|
JC Decaux SA
PA:DEC
|
$3.51 Billion |
|
Huhtamaki Oyj
NYSE:HMKIY
|
$3.51 Billion |
|
SUNRISE N
SW:SUNN
|
$3.50 Billion |
|
Palomar Holdings Inc
NASDAQ:PLMR
|
$3.50 Billion |
|
iRay Technology Co Ltd
SHG:688301
|
$3.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Keisei Electric Railway Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 451,621,000,000 to 508,982,000,000, a change of 57,361,000,000 (12.7%).
- Net income of 69,961,000,000 contributed positively to equity growth.
- Dividend payments of 7,219,000,000 reduced retained earnings.
- Share repurchases of 10,002,000,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €69.96 Billion | +13.75% |
| Dividends Paid | €7.22 Billion | -1.42% |
| Share Repurchases | €10.00 Billion | -1.97% |
| Other Changes | €4.62 Billion | +0.91% |
| Total Change | €- | 12.70% |
Book Value vs Market Value Analysis
This analysis compares Keisei Electric Railway Co. Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €1902.56 | €6.35 | x |
| 2018-03-31 | €2094.60 | €6.35 | x |
| 2019-03-31 | €2300.84 | €6.35 | x |
| 2020-03-31 | €2436.34 | €6.35 | x |
| 2021-03-31 | €2246.65 | €6.35 | x |
| 2022-03-31 | €2193.99 | €6.35 | x |
| 2023-03-31 | €2357.91 | €6.35 | x |
| 2024-03-31 | €2778.52 | €6.35 | x |
| 2025-03-31 | €1055.47 | €6.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Keisei Electric Railway Co. Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.75%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.91%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 2.15x
- Recent ROE (13.75%) is above the historical average (8.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.45% | 11.04% | 0.32x | 3.22x | €3.43 Billion |
| 2015 | 9.84% | 10.31% | 0.32x | 3.00x | €-408.70 Million |
| 2016 | 10.77% | 12.34% | 0.32x | 2.71x | €2.21 Billion |
| 2017 | 11.09% | 14.53% | 0.31x | 2.47x | €3.50 Billion |
| 2018 | 9.82% | 13.65% | 0.32x | 2.24x | €-644.30 Million |
| 2019 | 9.92% | 14.77% | 0.31x | 2.19x | €-304.30 Million |
| 2020 | 7.33% | 10.96% | 0.30x | 2.20x | €-10.99 Billion |
| 2021 | -8.00% | -14.58% | 0.23x | 2.38x | €-68.15 Billion |
| 2022 | -1.20% | -2.07% | 0.24x | 2.43x | €-41.41 Billion |
| 2023 | 6.82% | 10.67% | 0.26x | 2.45x | €-12.56 Billion |
| 2024 | 19.41% | 29.56% | 0.28x | 2.36x | €42.49 Billion |
| 2025 | 13.75% | 21.91% | 0.29x | 2.15x | €19.06 Billion |
Industry Comparison
This section compares Keisei Electric Railway Co. Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $539,650,808,117
- Average return on equity (ROE) among peers: -35.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keisei Electric Railway Co. Ltd (KEI) | €550.47 Billion | 11.45% | 1.00x | $3.51 Billion |
| National Express Group PLC (3NA) | $220.90 Million | -363.42% | 13.66x | $169.92 Million |
| NURMINEN LOG.OYJ A EO170 (8I4) | $41.15 Million | 17.25% | 1.47x | $67.88 Million |
| Bangkok Expressway and Metro PCL F (B4X) | $37.66 Billion | 9.24% | 1.99x | $14.61 |
| CRRC Corporation Limited (C2L) | $158.83 Billion | 7.43% | 1.42x | $3.12 Billion |
| SBF AG (CY1K) | $10.18 Million | 13.35% | 0.62x | $31.84 Million |
| The Greenbrier Companies Inc (G90) | $863.49 Million | 22.33% | 1.07x | $1.50 Billion |
| ÜSTRA Hannoversche Verkehrsbetriebe Aktiengesellschaft (HVB) | $20.18 Million | -47.02% | 17.07x | $187.98 Million |
| JUNGFRAUB. HLDG NA SF 1,5 (J4F) | $660.57 Million | 11.98% | 0.35x | $1.89 Billion |
| Central Japan Railway Company (JAP0) | $4.66 Trillion | 9.84% | 1.22x | $1.29K |
About Keisei Electric Railway Co. Ltd
Keisei Electric Railway Co., Ltd. engages in the provision of public railway transportation services for local communities in Japan. It operates through the Transportation, Distribution, Real Estate, Leisure and Service, and Construction segments. The Transportation segment is involved in the railway, bus, and taxi businesses. Its Distribution segment consists of stores, department stores, and ot… Read more