Keisei Electric Railway

Retail & mixed-use property · 9009

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-07-31 · the filing

JapanTransport, which carries Narita Airport traffic, grew revenue 5.5% to ¥53.5bn and profit 30.7% to ¥7.1bn; it began rebuilding Airport Terminal 2 Station with Narita Airport, JR East and Narita Rapid Railway to ease crowding.
StoresIn retail (revenue ¥15.6bn, +1.3%; profit up 28.9% to ¥0.41bn) Mito Keisei Department Store pushed on with a store renewal, and a station-front complex with shops at Shin-Kamagaya was being built for a September opening.

Other callouts in the filing

One-offEquity-method income rose to ¥8.5bn from ¥5.6bn, which is why recurring profit (+27.3%) and net income outgrew operating profit.
OutlookFull-year guidance is unchanged: revenue of ¥359.8bn (+8.2%), operating profit of ¥31.0bn (−8.8%) and net income of ¥39.3bn (−18.2%).

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-07-31

Operating revenue¥86.6bn+4.0%

Operating profit¥12.0bn+19.2%

Net income¥15.4bn+21.2%

Keisei runs the Skyliner and other railways between central Tokyo, Chiba and Narita Airport, with the Mito Keisei department store and station property along its lines. In April–June 2026 revenue rose 4.0% to ¥86.6bn and operating profit 19.2% to ¥12.0bn, with transport up 30.7%, and higher equity-method income lifted net income 21.2% to ¥15.4bn.