Komori
Keio (9008) · InitiativeAdvancedLatest Earnings presentation (2026-08-06): "Cited as achieved"

Securing railway ridership and improving earnings capacity

First written in FY2016. 33 of 39 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-06.

39entries
11years
4from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q1 – FY2020-Q3AdvancedFY2022-Q1 – FY20262016: 320162017: 420172018: 420182019: 420192020: 420202021: 320212022: 420222023: 420232024: 220242025: 220252026: 52026
Same theme, other companies
Expansion of passenger numbers and passenger revenue in railway operationsA theme 6 companies write about · 1 as a headwind · 7 as a tailwind

0 other companies' latest entry also says "Cited as achieved".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. 2026-08-06Cited as achievedEarnings presentation

    「鉄道事業では、輸送人員が定期・定期外ともに前期を上回ったものの、減価償却費や人件費、動力費の増加などにより増収減益」

    第1四半期の実績として、輸送人員の増加を示す一方、減価償却費、人件費、動力費の増加により鉄道事業が増収減益となったことを記載している。
  2. FY2026AdvancedAnnual report

    「Ridership: commuter-pass 333,562; non-commuter-pass 272,193; total 605,755」

    In FY2025, total rail ridership was 605.755 million passengers, up 2.1% from the previous fiscal year, and passenger transportation revenue also increased 2.1%.
  3. FY2026-H1AdvancedAnnual report

    「In the railway business, ridership for both commuter-pass and non-commuter-pass users exceeded the same period of the previous year, but the business reported higher revenue and lower profit due to higher personnel expenses associated with improved employee treatment and higher depreciation expenses resulting from the construction of new rolling stock, among other factors.」

    In the first six months of the fiscal year, total ridership for commuter-pass and non-commuter-pass users increased 2.2% year on year, and passenger transportation revenue also increased 2.2%, demonstrating increased transportation demand numerically. Meanwhile, the railway business reported higher revenue and lower profit due to higher personnel expenses and other costs associated with improved employee treatment.
  4. FY2025AdvancedAnnual report

    「In the railway business, ridership for both commuter-pass and non-commuter-pass users exceeded the previous fiscal year due to commuting demand and an increase in visitors to facilities along the railway lines. Revenue and profit increased due in part to the effects of the fare revision in October 2023.」

    In FY2024, total rail ridership for commuter-pass and non-commuter-pass users was 593,146 thousand passengers, up 1.6% from the previous fiscal year, while passenger transportation revenue was ¥81.499 billion, up 8.5%. The full-year results demonstrated recovery in demand and earning power, including the effects of the fare revision.
  5. FY2025-H1AdvancedAnnual report

    「In the railway business, ridership for both commuter-pass and non-commuter-pass users exceeded the same period of the previous year due to increased commuting demand and more visits to facilities along the railway lines. Revenue also increased due in part to the effects of the fare revision in October 2023.」

    In the first six months of the fiscal year, rail ridership increased 1.7% year on year, passenger transportation revenue increased 14.4%, operating revenue in the transportation business increased 10.5%, and operating profit increased 48.8%.
  6. FY2024-Q3AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 10.6% due to the recovery in ridership and the fare revision in October 2023, among other factors. Of this, commuter-pass revenue increased 6.4% and non-commuter-pass revenue increased 13.4%.」

    In addition to the recovery in rail ridership, the fare revision in October 2023 contributed to a 10.6% year-on-year increase in passenger transportation revenue.
  7. FY2024-Q2AdvancedAnnual report

    「In the railway business, ridership continued to recover compared with the same period of the previous year, and passenger transportation revenue increased 8.1%. Of this, commuter-pass revenue increased 4.3% and non-commuter-pass revenue increased 10.6%. Revenue also increased in route and express bus services. As a result, operating revenue was ¥60.107 billion, up 10.1% year on year, and operating profit was ¥8.883 billion, up 92.8%.」

    Rail ridership increased 6.7% year on year and passenger transportation revenue increased 8.1%, while operating revenue in the transportation business increased 10.1% and operating profit increased 92.8%.
  8. FY2024-Q1AdvancedAnnual report

    「In the railway business, ridership continued to recover compared with the same period of the previous year, and passenger transportation revenue increased 6.6%. Of this, commuter-pass revenue increased 4.2% and non-commuter-pass revenue increased 8.2%. Revenue also increased in route and express bus services. As a result, operating revenue was ¥29.865 billion, up 8.3% year on year, and operating profit was ¥4.624 billion, up 94.5%.」

    In the first quarter, rail ridership increased 5.7% year on year and passenger transportation revenue increased 6.6%, while operating revenue and operating profit in the transportation business also increased. The figures demonstrate a recovery in demand and an improvement in earning power.
  9. FY2023AdvancedAnnual report

    「In the railway business, recovery progressed compared with the previous fiscal year, and passenger transportation revenue increased 11.0%. Of this, commuter-pass revenue increased 4.4% and non-commuter-pass revenue increased 15.8%.」

    Rail ridership was 553,889 thousand passengers, up 10.5% year on year, and passenger transportation revenue increased 11.0%, demonstrating a numerical recovery in demand and earning power.
  10. FY2023-Q3AdvancedAnnual report

    「In the railway business, ridership remained below pre-pandemic levels but recovery progressed compared with the same period of the previous year. Passenger transportation revenue increased 10.3%, of which commuter-pass revenue increased 4.5% and non-commuter-pass revenue increased 14.5%. Revenue also increased in the bus and taxi businesses. As a result, operating revenue was ¥83.478 billion, up 11.2% year on year, and operating profit was ¥7.09 billion, up 365.8%.」

    Although ridership remained below pre-pandemic levels, passenger transportation revenue increased 10.3% year on year, operating revenue in the transportation business increased 11.2%, and operating profit was ¥7.09 billion, indicating further recovery in demand and earning power.
  11. FY2023-Q2AdvancedAnnual report

    「In the railway business, ridership remained below pre-pandemic levels but continued to recover compared with the same period of the previous year. Passenger transportation revenue increased 13.1%, of which commuter-pass revenue increased 4.5% and non-commuter-pass revenue increased 19.6%. Revenue also increased in the bus and taxi businesses. As a result, operating revenue was ¥54.616 billion, up 14.1% year on year, and operating profit improved from the same period of the previous year to ¥4.606 billion.」

    Although results remained below pre-pandemic levels, rail ridership in the first six months of the fiscal year increased 12.1% year on year and passenger transportation revenue increased 13.1%. The transportation business improved from an operating loss to operating profit of ¥4.606 billion.
  12. FY2023-Q1AdvancedAnnual report

    「In the railway business, ridership remained below pre-pandemic levels but continued to recover compared with the same period of the previous year. Passenger transportation revenue increased 14.7%, of which commuter-pass revenue increased 4.0% and non-commuter-pass revenue increased 23.0%.」

    Although ridership remained below pre-pandemic levels, it increased 13.1% year on year, while passenger transportation revenue increased 14.7%, demonstrating a numerical recovery in rail transportation demand and earning power.
  13. FY2022AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 10.4% as the business improved compared with the same period of the previous year, when the first state of emergency was declared, mainly in April and May. Of this, commuter-pass revenue increased 0.2% and non-commuter-pass revenue increased 19.1%.」

    Full-year ridership increased 11.2% year on year, and passenger transportation revenue increased 10.4%. Meanwhile, demand for travel remained sluggish, and the company recorded an operating loss of ¥2.699 billion.
  14. FY2022-Q3AdvancedAnnual report

    「In the railway business, rail ridership remained below pre-pandemic levels but improved compared with the same period of the previous year, mainly in April and May. Passenger transportation revenue increased 11.6%, of which commuter-pass revenue increased 0.4% and non-commuter-pass revenue increased 21.5%. Revenue also increased in the bus and taxi businesses. As a result, operating revenue was ¥75.04 billion, up 13.6% year on year, and operating profit improved from the same period of the previous year to ¥1.522 billion.」

    Rail ridership and passenger transportation revenue improved year on year. Operating revenue in the transportation business increased 13.6%, and operating profit was ¥1.522 billion. The company also stated that results remained below pre-pandemic levels.
  15. FY2022-Q2AdvancedAnnual report

    「In the railway business, rail ridership continued to remain below pre-pandemic levels due to the impact of the state of emergency, but improved compared with the same period of the previous year, mainly in April and May. Passenger transportation revenue increased 14.9%, of which commuter-pass revenue increased 0.1% and non-commuter-pass revenue increased 29.6%.」

    Although ridership remained below pre-pandemic levels, it increased 15.5% year on year and passenger transportation revenue increased 14.9%, demonstrating a numerical recovery in demand and earning power.
  16. FY2022-Q1AdvancedAnnual report

    「In the railway business, rail ridership remained below the level before the spread of COVID-19, but improved compared with the same period of the previous year, when the first state of emergency was declared. Passenger transportation revenue increased 34.4%, of which commuter-pass revenue increased 5.4% and non-commuter-pass revenue increased 71.2%.」

    Rail ridership remained below pre-pandemic levels, while passenger transportation revenue increased 34.4% year on year and the operating loss also improved from the same period of the previous year, indicating measurable recovery in demand and earning power.
  17. FY2021-Q3Declining demand and deteriorating performanceAnnual report

    「The railway business was on a gradual recovery trajectory after the state of emergency was lifted in May, but has recently been affected by the resurgence of infections. Passenger transportation revenue decreased 34.3%, of which commuter-pass revenue decreased 30.4% and non-commuter-pass revenue decreased 37.4%. Total operating revenue in the railway business decreased 33.7%. In the bus business, revenue also declined in route and express services.」

    While referring to the recovery trend after the state of emergency was lifted, the company reported that railway passenger transportation revenue decreased 34.3% year on year and ridership decreased 35.0% due to the resurgence of infections, indicating that the deterioration in transportation volume and earning power is continuing.
  18. FY2021-Q2Deterioration in resultsAnnual report

    「Although the railway business has gradually recovered since the state of emergency was lifted, passenger transportation revenue decreased 39.6% due to the impact of requests to refrain from going out and other factors. Of this, commuter-pass revenue decreased 32.1% and non-commuter-pass revenue decreased 45.7%.」

    The impact of the pandemic and requests to refrain from going out continued, and passenger transportation revenue in the first six months of the fiscal year decreased 39.6% year on year. The company also referred to the recovery after the state of emergency was lifted.
  19. FY2021-Q1Deterioration in resultsAnnual report

    「In the railway business, passenger transportation revenue decreased 48.0% due to the impact of requests to refrain from going out and other factors. Of this, commuter-pass revenue decreased 33.4% and non-commuter-pass revenue decreased 59.3%. In the bus business, revenue also declined in route and express services.」

    Due to the impact of COVID-19 and requests to refrain from going out, railway passenger transportation revenue decreased 48.0% year on year and ridership decreased 46.8%, resulting in a significant deterioration in earning power in the railway and bus businesses.
  20. FY2020Deterioration in resultsAnnual report

    「In the railway business, despite improvements in employment conditions and population growth along the railway lines, as well as higher seat-reservation fee revenue, passenger transportation revenue decreased 1.9% due in part to the spread of COVID-19. Of this, commuter-pass revenue increased 0.0% and non-commuter-pass revenue decreased 3.5%. Total operating revenue in the railway business decreased 1.5%.」

    While monetization through Keio Liner and other services progressed, passenger transportation revenue and operating revenue in the railway business declined due to the impact of the spread of COVID-19.
  21. FY2020-Q3AdvancedAnnual report

    「In the railway business, despite the impact of the reduction in the additional fare on the Sagamihara Line implemented in October 2019, passenger transportation revenue increased 0.5% due to improvements in employment conditions and population growth along the railway lines, as well as advance purchases of commuter passes and other products before the consumption tax rate increase. Of this, commuter-pass revenue increased 1.4% and non-commuter-pass revenue decreased 0.2%. Revenue also increased due in part to higher seat-reservation fee revenue from Keio Liner.」

    Despite the impact of the reduction in the additional fare on the Sagamihara Line, ridership in the first nine months of the fiscal year increased 1.3% year on year, passenger transportation revenue increased 0.5%, and seat-reservation fee revenue from Keio Liner also increased.
  22. FY2020-Q2AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 1.9% due to improvements in employment conditions and population growth along the railway lines, as well as advance purchases of commuter passes and other products before the consumption tax rate increase. Of this, commuter-pass revenue increased 2.7% and non-commuter-pass revenue increased 1.4%. Revenue also increased due in part to higher seat-reservation fee revenue from Keio Liner.」

    In the first six months of the fiscal year, ridership increased 2.6% year on year and passenger transportation revenue increased 1.9%, while seat-reservation fee revenue from Keio Liner also increased. Operating profit in the transportation business increased 8.7%.
  23. FY2020-Q1AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 0.8% due to improvements in employment conditions and population growth along the railway lines. Of this, commuter-pass revenue decreased 0.2% and non-commuter-pass revenue increased 1.5%. Revenue also increased due in part to higher seat-reservation fee revenue from Keio Liner.」

    In the first quarter, ridership increased 0.7% year on year and passenger transportation revenue increased 0.8%, with higher seat-reservation fee revenue from Keio Liner also contributing. Operating revenue in the railway business increased 0.6%, and operating profit increased 3.0%.
  24. FY2019AdvancedAnnual report

    「Keio Liner, the reserved-seat train that has been well received since operations began, operated the event train Mt. TAKAO during the autumn foliage season at Mount Takao. Following the timetable revision in February, it also began operating toward central Tokyo during the morning period and expanded operations toward Keio Hachioji and Hashimoto during evening and late-night periods on weekends and holidays.」

    For Keio Liner, the company operated an event train, began morning services toward central Tokyo, and expanded service destinations during evening and late-night periods on weekends and holidays. Full-year ridership increased 1.2% year on year, while passenger transportation revenue decreased 0.3%.
  25. FY2019-Q3AdvancedAnnual report

    「In the railway business, ridership increased due to improvements in employment conditions and population growth along the railway lines. Passenger transportation revenue decreased 0.5% due in part to the reduction in the additional fare on the Sagamihara Line implemented in March of the previous fiscal year. Of this, commuter-pass revenue increased 0.0% and non-commuter-pass revenue decreased 0.8%. Total operating revenue in the railway business increased 0.1%, due in part to an increase in seat-reservation fee revenue from Keio Liner.」

    In the first nine months of the fiscal year, ridership increased 1.1% year on year to 513,937 thousand passengers, while operating revenue in the railway business increased 0.1% due in part to higher seat-reservation fee revenue from Keio Liner. Passenger transportation revenue decreased 0.5% due to the impact of the reduction in the additional fare.
  26. FY2019-Q2AdvancedAnnual report

    「In the railway business, ridership increased due to improvements in employment conditions and population growth along the railway lines. Passenger transportation revenue, however, decreased 0.7% due in part to the reduction in the additional fare on the Sagamihara Line implemented in March this year. Of this, commuter-pass revenue increased 0.1% and non-commuter-pass revenue decreased 1.4%. Total operating revenue in the railway business decreased 0.2%, despite an increase in seat-reservation fee revenue from Keio Liner, which began operating in February this year, among other factors.」

    In the first six months, ridership increased 0.9% year on year and seat-reservation fee revenue from Keio Liner also increased. Passenger transportation revenue decreased 0.7% and operating revenue in the railway business decreased 0.2% due in part to the reduction in the additional fare, indicating changes in revenue performance in addition to progress in securing ridership and monetization.
  27. FY2019-Q1AdvancedAnnual report

    「In the railway business, ridership increased due to improvements in employment conditions and population growth along the railway lines. Passenger transportation revenue, however, decreased 0.7% due in part to the reduction in the additional fare on the Sagamihara Line implemented in March this year. Of this, commuter-pass revenue increased 0.1% and non-commuter-pass revenue decreased 1.3%. Total operating revenue in the railway business decreased 0.1%, despite an increase in seat-reservation fee revenue from Keio Liner, which began operating in February this year, among other factors.」

    In the first quarter, ridership increased 0.9% year on year to 174,111 thousand passengers, while passenger transportation revenue decreased 0.7%. Seat-reservation fee revenue from Keio Liner increased, indicating progress and changes in both passenger numbers and monetization.
  28. FY2018AdvancedAnnual report

    「In addition to considering further expansion of operations for the paid reserved-seat train Keio Liner, which began operating in February 2018, we will continue strengthening sales of digital advertising using LCD displays inside trains.」

    The paid reserved-seat train, which had been at the preparation stage, began operating as Keio Liner in February 2018. Full-year ridership increased 1.5% year on year, and passenger transportation revenue increased 1.6%.
  29. FY2018-Q3AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 1.7% due to improvements in employment conditions and an increase in visitors to facilities along the railway lines, among other factors. Of this, commuter-pass revenue increased 2.0% and non-commuter-pass revenue increased 1.5%.」

    For the nine months of FY2018, passenger transportation revenue increased 1.7% year on year, while ridership increased 1.5% to 508,496 thousand passengers. This demonstrates measurable progress in securing ridership and improving earning power.
  30. FY2018-Q2AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 1.9% due to improvements in employment conditions and an increase in visitors to facilities along the railway lines, among other factors. Of this, commuter-pass revenue increased 2.1% and non-commuter-pass revenue increased 1.8%.」

    In the first six months of the fiscal year, ridership increased 1.7% year on year and passenger transportation revenue increased 1.9%, demonstrating measurable progress in securing rail ridership and improving earning power.
  31. FY2018-Q1AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 1.8% due to improvements in employment conditions and an increase in visitors to facilities along the railway lines, among other factors. Of this, commuter-pass revenue increased 2.3% and non-commuter-pass revenue increased 1.4%.」

    In the first quarter, ridership increased 1.6% year on year and passenger transportation revenue increased 1.8%, demonstrating measurable progress in securing ridership and improving earning power.
  32. FY2017AdvancedAnnual report

    「We will begin operating paid reserved-seat trains, which are in high demand among customers, in spring 2018.」

    The company progressed from preparing to introduce paid reserved-seat trains to a specific implementation plan to begin operations in spring 2018. Full-year ridership increased 1.2% year on year, and passenger transportation revenue increased 1.1%.
  33. FY2017-Q3AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 1.3% due to improvements in employment conditions and the effects of timetable revisions, among other factors. Of this, commuter-pass revenue increased 2.1% and non-commuter-pass revenue increased 0.7%.」

    In the first nine months of the fiscal year, ridership increased 1.4% year on year and passenger transportation revenue increased 1.3%, demonstrating measurable performance improvement from the previous quarter as well.
  34. FY2017-Q2AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 1.2% due to improvements in employment conditions and the effects of timetable revisions, among other factors. Of this, commuter-pass revenue increased 1.9% and non-commuter-pass revenue increased 0.7%.」

    In the first six months of the fiscal year, ridership increased 1.3% year on year, passenger transportation revenue increased 1.2%, and operating profit in the railway business increased 1.8%.
  35. FY2017-Q1AdvancedAnnual report

    「In the railway business, passenger transportation revenue increased 1.3% due to improvements in employment conditions and the effects of timetable revisions, among other factors. Of this, commuter-pass revenue increased 1.7% and non-commuter-pass revenue increased 1.0%.」

    Due in part to the effects of timetable revisions, passenger transportation revenue and ridership in the first quarter increased 1.3% year on year, indicating measurable progress in securing ridership and improving earning power.
  36. FY2016First statedAnnual report

    「Regarding improvements in earning power, we recognize securing rail ridership as a key priority in a business environment where competition is expected to intensify further. To address this, we will continue preparing to introduce paid reserved-seat trains and develop an environment that is easier for the growing number of visitors to Japan to use.」

    Securing passenger numbers is identified as a key priority, with paid reserved-seat trains and improvements to the environment for visitors to Japan cited as measures.
Moved together

"Real estate business through renovated, shared-use mixed-use facilities" moved the same way as this thread, in the same document, in 14 of its 39 moves.

141312121111★123456
  1. ★This thread
  2. 1Real estate business through renovated, shared-use mixed-use facilities14×
  3. 2Stable Dividends Based on a Consolidated Payout Ratio Target of 30%13×
  4. 3Early Return to Operating Profitability Across the Hotel Business12×
  5. 4Expansion of the hotel business and development of new formats12×
  6. 5Capturing demand from international visitors to Japan11×
  7. 6Medium-Term Management Plan Targets (FY2017 and FY2020)11×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Keio's next results are scheduled for 2026-11-10. Read the earnings preview It last moved in the Earnings presentation of 2026-08-06: "Cited as achieved".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.