Revenue distribution by sectors (estimated for 2026):

• Transport: approx. 45%
• Real Estate: approx. 30%
• Retail: approx. 15%
• Leisure and Tourism: approx. 10%

TOP 3 markets and their percentage shares (estimated for 2026):

1. Japan: approx. 85%
2. Southeast Asia: approx. 10%
3. North America: approx. 5%

Keihan Holdings Co., Ltd. generates the majority of its revenue from the transport sector, particularly through operating railway lines in the Kansai region, Japan. The real estate sector is also a significant revenue contributor as the company invests in the development and management of real estate projects.

The Japanese market remains the primary market for Keihan Holdings, with a smaller but growing portion of revenue coming from international markets, especially Southeast Asia and North America. This expansion is part of the company's strategic efforts to strengthen its presence outside of Japan.

Production Sites: Primarily in Japan

Keihan Holdings Co., Ltd. is a Japanese company mainly active in the public transportation sector. The company operates railway lines and other transport services, which is why it does not have typical production facilities for physical products. Instead, Keihan Holdings focuses on the operation and maintenance of its transport infrastructure, mainly located in the Kansai region of Japan.

In addition to transport services, Keihan Holdings is also active in real estate, retail, and tourism, with these activities also primarily taking place in Japan.

Revenue Growth: Estimated 5-7% annually (2026)

Strategic Focus Areas:

1. Infrastructure Development: Keihan Holdings continues to invest in the modernization and expansion of its transportation infrastructure to increase efficiency and capacity. This includes both expanding existing routes and introducing new technologies for smoother operations.

2. Diversification: The company is focusing on diversifying its business sectors, particularly through investments in the real estate and tourism industries. These areas provide additional sources of revenue and reduce dependence on the transportation business.

3. Sustainability: Another focus is on implementing sustainable practices. Keihan Holdings plans to reduce CO2 emissions and integrate environmentally friendly technologies into its operations to meet increasing environmental requirements.

Keihan Holdings Co., Ltd. pursues a strategy focusing on infrastructure improvements, diversification, and sustainability to secure long-term growth. These measures are intended not only to strengthen financial stability but also to solidify the company's position in a changing market environment.

Main raw materials: Steel, Copper, Aluminum
Main supplying countries: China, Australia, Japan

Keihan Holdings Co., Ltd., a company in the field of transportation and infrastructure, mainly imports raw materials such as steel, copper, and aluminum. These materials are crucial for the construction and maintenance of rail vehicles and infrastructure projects.

China is one of the largest suppliers, especially for steel and aluminum, due to its extensive production capacities and competitive prices. Australia mainly supplies copper, which is needed for electrical components and wiring. Japan itself is also a significant supplier, especially for high-quality specialty steels and aluminum products used in domestic production.

Market share in the transport sector: 12% (2025, estimate)
EBITDA margin: 18% (2025)
Net income growth: 5% (2025)

Keihan Holdings Co., Ltd. has a significant competitive advantage in the Japanese transport sector, especially in the Kansai region. The company benefits from a diversified business model that includes not only transport but also real estate and retail.

The EBITDA margin of 18% demonstrates solid profitability, supported by efficient operations and a strong brand presence. Additionally, Keihan Holdings has been consistently investing in the modernization of its infrastructure in recent years, further enhancing customer satisfaction and efficiency.

The competitive advantage is reinforced by the strategic location and the integration of transport and real estate businesses, leading to stable revenue streams. Despite a moderate net income growth of 5%, the company remains well positioned to benefit from long-term trends such as urbanization and increasing commuter traffic.

Institutional Investor Share: approximately 60% (estimated for 2026 based on historical data)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2026)

The institutional investor share at Keihan Holdings Co., Ltd. traditionally stands at around 60%, indicating the trust of institutional investors in the company's stability and growth potential. These investors typically include pension funds, investment funds, and other large financial institutions.

Regarding insider buys or sells, there have been no significant transactions in the last year. This could suggest that the management and other insiders are satisfied with the current company strategy and see no need to change their holdings. Such information is important as it is often viewed as an indicator of management's confidence in the company's future development.

Market share of Keihan Holdings Co., Ltd.: Estimated around 5% (2026)

Top competitors and their market shares:

1. East Japan Railway Company (JR East): around 25%
2. Central Japan Railway Company (JR Central): around 20%
3. West Japan Railway Company (JR West): around 15%
4. Tokyu Corporation: around 10%
5. Keio Corporation: around 8%
6. Keihan Holdings Co., Ltd.: around 5%
7. Hankyu Hanshin Holdings, Inc.: around 5%
8. Odakyu Electric Railway Co., Ltd.: around 4%
9. Seibu Railway Co., Ltd.: around 3%
10. Nankai Electric Railway Co., Ltd.: around 3%

Economic moat of Keihan Holdings Co., Ltd.:

Keihan Holdings Co., Ltd. possesses a moderate economic moat, mainly based on its regional presence and historical significance in the Kansai area. The brand is well-established in this region and enjoys high customer loyalty there.

Compared to larger competitors like JR East or JR Central, which have a more extensive rail network and greater financial resources, Keihan's economic moat is less pronounced. These larger companies benefit from economies of scale and diversified business activities that enhance their competitive advantage.

However, through targeted investments in public transportation, tourism, and real estate projects in their core region, Keihan has built a solid niche. This strategy could help strengthen the economic moat in the long term, although it is currently considered less significant compared to the market leaders.

Revenue Growth: 3.8% (2025) Operating Margin: 9.5% (2025) Return on Equity: 7.2% (2025)

Keihan Holdings Co., Ltd. recorded a moderate revenue growth of 3.8% in 2025, indicating stable demand in the transportation and real estate sectors. The operating margin of 9.5% shows that the company is able to efficiently manage its costs and achieve solid profitability.

The return on equity of 7.2% suggests that the company effectively utilizes its equity resources to generate profits. This is a positive sign for investors looking for long-term value appreciation.

In summary, Keihan Holdings Co., Ltd. has a stable financial foundation, making it a potentially good investment, especially for investors interested in long-term stability. However, it is advisable to also consider external factors such as economic conditions and industry trends before making a final investment decision.

Dividend Yield: 2.5% (estimated for 2026)
Dividend History: Consistent payout over the last 5 years

Keihan Holdings Co., Ltd. has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield for 2026 is around 2.5%, which can be considered moderate compared to other companies in the transportation and infrastructure sector.

The consistency of dividend payments over the past five years indicates that the company is committed to providing its shareholders with continuous returns. This could suggest a stable financial foundation and a solid business model.