Komori
Other Disclosures9009Keisei Electric Railway Co.,Ltd.Transportation and Logistics

Notice Regarding the Application for a Revision of Railway Passenger Fares

Keisei Electric Railway has filed an application with the Minister of Land, Infrastructure, Transport and Tourism for approval to revise railway passenger fares, with implementation scheduled for March 2028. The overall revision rate is 14.1%, with commuter passes and regular fares set to increase, while student commuter passes are planned to decrease by 11.5%.

Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
14.1
% (total revision rate for railway passenger fares)
Wording
Conditional
How definitive the wording is.

Announced details

Railway passenger fares (Keisei Main Line, etc., Chihara Line, Matsudo Line and Narita Airport Line)
Applicable field (uses covered by this announcement)

Railway passenger transport, commuter and student transport, and Narita Airport transport

Launch dateMarch 2028 (planned implementation)
What the company reported numerically
Quantitative Effects

Revenue growth rate: 12.2% (total). The operating ratio is expected to rise from the current 84.7% to 93.2% under the application.

Relationship between the counterparty and the company
Keisei Electric Railway Co.,Ltd.9009
Relationship with the Company

The addressee for the application for approval to revise railway passenger fares.

CounterpartyMinister of Land, Infrastructure, Transport and Tourism (Ministry of Land, Infrastructure, Transport and Tourism)

Minister of Land, Infrastructure, Transport and Tourism. Addressee for the application for approval to revise railway passenger fares. Other information, including location, representative and business activities, is Not disclosed.

Location (as indicated in this announcement)

沿線 areas in eastern Tokyo and Chiba Prefecture, and the Narita Airport transport area

¥167 billion in capital investment for FY2028-FY2030 (three-year total)
Offering price

Minimum fares after the application: ¥170 on the Keisei Main Line, etc., and ¥230 on the Narita Airport Line. Revision rates: total 14.1%, regular fares 14.3%, commuter passes 16.9%, student commuter passes -11.5%.

Impact on Business Performance

The three-year average for the railway segment over FY2028-FY2030 is estimated at revenue of ¥112,146 million under the application and a net loss of ¥8,181 million. This differs from the actual income and expenses.

The company does not address Contract Value.

Announced details
ItemDetails
Names of Products / Services CoveredRailway passenger fares (Keisei Main Line, etc., Chihara Line, Matsudo Line and Narita Airport Line)
CounterpartyMinister of Land, Infrastructure, Transport and Tourism (Ministry of Land, Infrastructure, Transport and Tourism)
Counterparty overviewMinister of Land, Infrastructure, Transport and Tourism. Addressee for the application for approval to revise railway passenger fares. Other information, including location, representative and business activities, is Not disclosed.
Relationship with the CompanyThe addressee for the application for approval to revise railway passenger fares.
Offering priceMinimum fares after the application: ¥170 on the Keisei Main Line, etc., and ¥230 on the Narita Airport Line. Revision rates: total 14.1%, regular fares 14.3%, commuter passes 16.9%, student commuter passes -11.5%.
Launch dateMarch 2028 (planned implementation)
Applicable areaRailway passenger transport, commuter and student transport, and Narita Airport transport
Location沿線 areas in eastern Tokyo and Chiba Prefecture, and the Narita Airport transport area
Location scale¥167 billion in capital investment for FY2028-FY2030 (three-year total)
Quantitative EffectsRevenue growth rate: 12.2% (total). The operating ratio is expected to rise from the current 84.7% to 93.2% under the application.
Impact on Business PerformanceThe three-year average for the railway segment over FY2028-FY2030 is estimated at revenue of ¥112,146 million under the application and a net loss of ¥8,181 million. This differs from the actual income and expenses.
Items this document does not state (7)
Contract ValueContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateUsage historySource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Increases in personnel costs, electricity charges and other expenses due to inflation and other factors; capital investment required to maintain safe and reliable transport services; accessibility improvements; disaster preparedness; expanded transport capacity; measures to strengthen Narita Airport functions; and the integration of fare systems following the merger with Shin-Keisei Electric Railway.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Application for a Revision of Railway Passenger Fares | Keisei Electric Railway Co.,Ltd. (9009) timely disclosure | Komori