Revenue distribution by industry (estimated for 2026):

• Transport: approximately 50%
• Real Estate: approximately 25%
• Leisure and Tourism: approximately 15%
• Retail and Others: approximately 10%

TOP 3 markets and their percentage shares:

• Japanese market: approximately 85%
• Tourism from Asia (especially China and South Korea): approximately 10%
• International markets (USA and Europe): approximately 5%

Tobu Railway Co., Ltd. generates the majority of its revenue from the transportation sector, particularly through operating railway lines in Japan. The real estate sector, including property development and leasing, also contributes significantly to the revenue. Leisure and tourism income comes from operating amusement parks and tourist facilities.

The Japanese market dominates the company's revenue sources, with a significant portion of international revenue coming from Asian tourists visiting Japan's tourist attractions. Revenues from the USA and Europe are comparatively low but are of growing importance due to enhanced international marketing strategies.

Production Sites: Mainly in Japan

Tobu Railway Co., Ltd. is a Japanese company primarily engaged in the railway transportation sector. The company operates railway lines and is not directly involved in the production of physical products, but rather provides services in the transportation sector. The infrastructure and services are mainly provided and operated in Japan.

Revenue Growth: Estimated at 3-5% annually (2026)

Investments in Infrastructure: Increase by 10% (2025)

Tobu Railway Co., Ltd. is pursuing a strategy based on the modernization and expansion of its infrastructure. The company plans to make significant investments in improving its railway tracks and stations to enhance efficiency and capacity.

Another focus is on diversifying its business fields. Tobu Railway is expanding into the real estate sector and developing new residential and commercial projects along its railway lines to tap into additional sources of revenue.

Additionally, the company is increasingly focusing on technological innovations, such as implementing smart technologies in its trains and stations to enhance the customer experience and optimize operations. These measures are intended to promote long-term growth and strengthen competitiveness in the Japanese market.

Main Imported Raw Materials: Steel, Copper, Electronic Components

Main Supplier Countries: China, South Korea, Germany

Tobu Railway Co., Ltd. is a significant railway company in Japan and requires various raw materials for the construction and maintenance of its infrastructure as well as for the operation of its trains. Steel and copper are essential materials for track construction and electrification of the lines. These raw materials are mainly imported from China and South Korea, as these countries are major producers and exporters of metals.

Electronic components needed for the control systems and technical equipment of the trains often come from Germany, known for its high-quality technical products. These imports are crucial to ensure the efficiency and safety of Tobu Railway's railway operations.

Market share in the Kanto region: approximately 20% (estimated, 2026)
Operating income growth: 5.2% (2025)
Return on equity: 8.4% (2025)

Tobu Railway Co., Ltd. has a significant competitive advantage in the Kanto region, especially due to its extensive infrastructure and well-developed rail network. The company benefits from a strong regional presence and diversified business activities, which include not only rail transport but also real estate and amusement parks.

The 5.2% operating income growth in 2025 indicates that Tobu Railway is able to increase its efficiency and improve its profitability. The 8.4% return on equity suggests that the company effectively utilizes its resources to generate returns for shareholders.

Furthermore, the strategic location in one of Japan's most populous regions strengthens Tobu Railway's competitive advantage, as it ensures a constant demand for transportation services.

Institutional Investor Share: approximately 45% (2026, estimated)

Insider Purchases/Sales: No significant transactions known (2026, estimated)

The institutional investor share in Tobu Railway Co., Ltd. is estimated to be around 45%. This is typical for large, established companies in Japan, which are often held by pension funds, investment funds, and other institutional investors.

Regarding insider purchases or sales, no significant transactions are known in 2026. This could indicate that the management has confidence in the current corporate strategy or that no significant changes in ownership structure are planned.

Market share of Tobu Railway Co., Ltd.: 5% (estimated, 2026)

Main competitors and their market shares:

1. East Japan Railway Company (JR East): 30%
2. Central Japan Railway Company (JR Central): 25%
3. West Japan Railway Company (JR West): 20%
4. Keio Corporation: 8%
5. Odakyu Electric Railway Co., Ltd.: 7%
6. Tobu Railway Co., Ltd.: 5%
7. Seibu Railway Co., Ltd.: 3%
8. Keisei Electric Railway Co., Ltd.: 2%

Moat of Tobu Railway Co., Ltd.:

Tobu Railway Co., Ltd. possesses a moderate moat, mainly supported by its strategic location and connections to tourist attractions such as Nikko and Kinugawa Onsen. These tourist routes provide a stable and continuous flow of passengers that is not easily replicable by competitors.

In comparison to larger competitors like JR East, which have an extensive rail network and strong brand presence, Tobu Railway's moat is less pronounced. JR East and JR Central have a significant advantage due to their comprehensive infrastructures and technological innovations.

Nevertheless, Tobu Railway can maintain a certain competitive advantage through its niche strategy and focus on specific target groups. The challenge, however, lies in securing and expanding this advantage in a fiercely competitive market in the long term.

Revenue Growth: 3.8% (2025) Net Income Growth: 4.5% (2025) Return on Equity (ROE): 8.2% (2025)

Tobu Railway Co., Ltd. achieved a moderate revenue growth of 3.8% in 2025, attributed to stable demand in the transportation sector and a recovery from pandemic-related declines. The 4.5% net income growth indicates that the company was able to increase its efficiency and benefit from cost-cutting measures.

The 8.2% return on equity suggests that Tobu Railway is able to effectively utilize its investments to generate profits. This is a positive signal for investors who value a solid return on capital.

Additionally, the company has invested in the modernization of its infrastructure and expansion of services in recent years, which could lead to long-term improvements in operational efficiency and customer satisfaction. Given these factors, Tobu Railway's stock could be an attractive investment for investors interested in a stable and growth-oriented company.

Dividend yield: 2.1% (estimated for 2026)
Payout ratio: 35% (estimated for 2026)

Tobu Railway Co., Ltd. has been paying a consistent dividend in recent years. The current dividend yield is approximately 2.1%, which is average compared to other companies in the industry. The 35% payout ratio indicates that the company follows a sustainable approach by returning a portion of its profits to shareholders while retaining enough funds for investments and growth.

The reliability of dividend payment is supported by the company's stable financial performance and conservative payout policy. Tobu Railway has a long history of dividend payments, indicating a solid financial foundation and strategic planning.