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

Keisei Electric Railway Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	58,478	100,749	121,940	32,858	-2,890
Depreciation & Amortization	34,165	32,600	33,352	31,616	30,483
Loss (Gain) From Sale of Assets	4,413	5,477	3,169	3,468	2,488
Loss (Gain) From Sale of Investments	-	-54,038	-70,853	-231	-457
Loss (Gain) on Equity Investments	-25,124	-25,739	-25,927	-17,401	-508
Other Operating Activities	-23,812	-29,724	375	-1,830	2,769
Change in Inventory	-1,518	-4,172	-2,144	-406	1,460
Change in Other Net Operating Assets	-5,148	15,996	133	-836	-4,514
Operating Cash Flow	41,454	41,149	60,045	47,238	28,831
Operating Cash Flow Growth	0.74%	-31.47%	27.11%	63.84%	210.61%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-84,014	-63,197	-54,535	-32,832	-38,235
Sale of Property, Plant & Equipment	-	-	872	850	98
Divestitures	-	61,823	80,131	-	-
Investment in Securities	-5,446	-15,343	-3,336	256	1,416
Other Investing Activities	13,917	7,472	5,005	2,221	2,957
Investing Cash Flow	-75,543	-9,245	28,137	-29,505	-33,764

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	27,492	-	4,129	825	-
Long-Term Debt Issued	36,229	2,300	35,980	34,508	26,138
Total Debt Issued	63,721	2,300	40,109	35,333	26,138
Short-Term Debt Repaid	-	-4,427	-	-4,000	-1,865
Long-Term Debt Repaid	-26,196	-34,856	-35,195	-15,690	-10,082
Total Debt Repaid	-26,196	-39,283	-35,195	-19,690	-11,947
Net Debt Issued (Repaid)	37,525	-36,983	4,914	15,643	14,191
Repurchase of Common Stock	-	-10,002	-31,606	-23,664	-
Common Dividends Paid	-11,668	-7,219	-4,138	-2,887	-2,903
Other Financing Activities	-8,910	-8,665	-9,434	-10,008	-10,052
Financing Cash Flow	16,947	-62,869	-40,264	-20,916	1,236

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	1	6	-	12,315	74
Net Cash Flow	-17,141	-30,959	47,918	9,132	-3,623

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	-42,560	-22,048	5,510	14,406	-9,404
Free Cash Flow Growth	-	-	-61.75%	-	-
Free Cash Flow Margin	-12.80%	-6.91%	1.86%	5.71%	-4.39%
Free Cash Flow Per Share	-88.26	-45.21	10.99	28.84	-18.60
Levered Free Cash Flow	-40,504	2,331	24,734	15,258	-11,704
Unlevered Free Cash Flow	-38,362	3,985	26,332	16,771	-10,220

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	3,368	2,675	2,518	2,375	2,357
Cash Income Tax Paid	28,503	34,929	3,099	3,443	1,226
Change in Working Capital	-6,666	11,824	-2,011	-1,242	-3,054

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 21, 2026

Data Sources Report a data error