9024
SEIBU HOLDINGS INC.
株式会社西武ホールディングス
Land Transportation
Seibu Holdings Inc. engages in the urban transportation, hotel and leisure, real estate, construction, and baseball team management businesses in Japan and internationally. It operates through Urban Transportation and Railroad Management Business, Hotel and Leisure Business, Real Estate Business, and Others segments. The company offers railway, bus, and taxi transportation services; and operates hotels, hot springs and spas, golf courses, ski resorts, tennis courts, bowling alleys, skating rinks, fitness clubs, and other leisure facilities. It also develops and sells housing, condominiums, and resort properties; leases office and residential facilities; and develops and operates stores in train stations, shopping malls, and other commercial facilities. In addition, the company maintains a professional baseball team under the Saitama Seibu Lions name; hosts concerts and other non-baseball events through Belluna Dome; and operates and manages amusement parks, aquariums, movie theaters, and pools. Further, it offers fire insurance, automobile insurance, travel insurance, and life insurance products. Additionally, the company provides home and urban development services, pet care products, and builds cemeteries. Seibu Holdings Inc. was incorporated in 2006 and is headquartered in Tokyo, Japan.
Price
¥2,820
Market Cap
¥748.9B
Ent. Value
¥1.2T
Net Debt
−¥417.1B
Shares Out.
265.6M
P / E
3.1×
EV / EBIT
4.0×
P / Book
1.33×
P / NCAV
N/M
Div. Yield
1.42%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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| Total Assets | ¥1,834.1B | ¥1,635.0B | ¥1,587.8B | ¥1,703.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥359.8B | ¥101.3B | ¥94.4B | ¥135.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥235.3B | ¥33.0B | ¥26.0B | ¥87.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥31.2B | ¥33.5B | ¥30.0B | ¥22.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥1,474.3B | ¥1,533.8B | ¥1,493.5B | ¥1,567.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥1,297.7B | ¥1,380.9B | ¥1,378.7B | ¥1,453.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥30.6B | ¥23.4B | ¥23.2B | ¥19.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥86.7B | ¥86.7B | ¥61.6B | ¥62.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥2.4B | ¥2.7B | ¥5.3B | ¥6.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,267.0B | ¥1,202.9B | ¥1,210.2B | ¥1,316.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥430.1B | ¥385.1B | ¥367.9B | ¥451.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥19.8B | ¥20.1B | ¥17.6B | ¥12.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥67.3B | ¥136.2B | ¥131.5B | ¥256.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥89.5B | ¥7.6B | ¥9.6B | ¥8.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥836.9B | ¥817.8B | ¥842.3B | ¥865.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥585.1B | ¥610.3B | ¥643.1B | ¥654.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥15.3B | ¥17.6B | ¥19.8B | ¥25.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥175.8B | ¥117.2B | ¥104.3B | ¥107.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥567.1B | ¥432.1B | ¥377.6B | ¥387.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥50.0B | ¥50.0B | ¥50.0B | ¥50.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥97.1B | ¥96.3B | ¥96.5B | ¥96.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥508.8B | ¥258.5B | ¥241.2B | ¥182.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-185.5B | ¥-53.0B | ¥-53.2B | ¥-54.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥91.1B | ¥75.0B | ¥38.0B | ¥36.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥470.5B | ¥351.7B | ¥334.5B | ¥275.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥5.4B | ¥5.2B | ¥5.0B | ¥75.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥652.4B | ¥746.5B | ¥774.7B | ¥910.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-417.1B | ¥-713.5B | ¥-748.7B | ¥-823.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-907.2B | ¥-1,101.6B | ¥-1,115.8B | ¥-1,180.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-3,415 | ¥-3,408 | ¥-3,452 | ¥-3,653 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,771 | ¥1,088 | ¥1,035 | ¥851 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥474.4B | ¥92.0B | ¥67.2B | ¥58.6B |
| Taxes Paid | ¥-8.1B | ¥-8.6B | ¥-15.3B | ¥-3.0B |
| Interest Paid | ¥-7.6B | ¥-7.5B | ¥-7.7B | ¥-9.2B |
| Interest Received | ¥1.6B | ¥2.4B | ¥1.0B | ¥955M |
| D&A | ¥53.7B | ¥53.5B | ¥54.6B | ¥56.6B |
| Goodwill Amort. | ¥702M | ¥618M | ¥451M | ¥442M |
| Investing CF | ¥-93.7B | ¥-43.9B | ¥87.9B | ¥18.6B |
| Purchase Investments | ¥-2.8B | ¥-375M | ¥-4.0B | ¥-321M |
| Proceeds from Invest. | ¥1.1B | ¥2.8B | ¥3.0B | — |
| Financing CF | ¥-136.4B | ¥-42.4B | ¥-217.2B | ¥-19.1B |
| Dividends Paid | ¥-7.8B | ¥-9.8B | ¥-3.0B | ¥-3M |
| Share Buybacks | ¥-31.8B | — | — | — |
| LT Debt Repaid | ¥-66.1B | ¥-46.0B | ¥-94.0B | ¥-125.4B |
| Free Cash Flow | ¥474.4B | ¥92.0B | ¥67.2B | ¥58.6B |
| Net Change in Cash | ¥245.1B | ¥6.1B | ¥-61.5B | ¥58.7B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 52.2% | 6.8% | 16.6% | 3.5% |
| ROA | 14.9% | 1.7% | 3.4% | 0.6% |
| EPS | ¥901.99 | ¥89.65 | ¥188.70 | ¥35.39 |
| DPS | ¥40.00 | ¥25.00 | ¥25.00 | ¥5.00 |
| BPS | ¥2,117.32 | ¥1,417.30 | ¥1,237.46 | ¥1,035.57 |
| FCF/Share | ¥1,786 | ¥285 | ¥208 | ¥181 |
| NCAV/Share | ¥-3,415 | ¥-3,408 | ¥-3,452 | ¥-3,653 |
| Payout Ratio | 4.4% | 27.9% | 13.2% | 14.1% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 5
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-19
15:30
|
TOB | ¥27.2B ¥4858.0/sh 90.9% | Seibu Real Estate (subsidiary of Seibu Holdings) completed a tender offer for E-Grand Inc. (TSE Standard Market, code 32… | |
|
Summary
Seibu Real Estate (subsidiary of Seibu Holdings) completed a tender offer for E-Grand Inc. (TSE Standard Market, code 3294) that ran from April 1 to May 18, 2026. The bidder successfully acquired 5,610,751 shares (including 61,200 shares from warrant conversion) at ¥4,858 per share, achieving 90.86% ownership. Post-acquisition, the bidder intends to proceed with a full delisting procedure to acquire all remaining shares including those from warrant exercises.
Deadline: 2026-05-18
% of Shares: 90.9%
Shares: 5,610,751
Source (JP)
本公開買付けが2026年5月18日をもって終了いたしましたので、その結果について下記のとおりお知らせいたします。応募株券等の数の合計(5,610,751株)が買付予定数の下限(4,105,200株)以上となりましたので、応募株券等の全部の買付け等を行います。
当社連結子会社の株式会社西武不動産による株式会社イーグランド(証券コード:3294)に対する公開買付けの結果に関するお知らせ
TDnet PDF
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2026-05-14
14:00
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Cost of Capital | ¥42.0/sh | Seibu Holdings disclosed 2026 fiscal year earnings guidance revision and capital cost-conscious management progress. Ope… | |
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Summary
Seibu Holdings disclosed 2026 fiscal year earnings guidance revision and capital cost-conscious management progress. Operating revenue forecast raised ¥44B to ¥559B, operating profit increased ¥4B to ¥53B, though net income guidance lowered ¥2B to ¥27B due to special losses. Annual dividend maintained at ¥42/share with progressive dividend policy; 700B yen share buyback completed and treasury shares cancelled, reducing share count by 17.7M shares.
Source (JP)
2026年度は、不動産事業において昨今の事業環境の変化を踏まえ高輪エリアの着工時期を精査いたします。また、キャピタルリサイクルを一層推進するため、総合型の私募REIT及び私募ファンドの新規組成に着手し...2035年度での営業利益1,000億円以上を目指してまいります。
「西武グループ中期経営計画(2024~2026年度)」および資本コストや株価を意識した経営の進捗について
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | 株式会社NWコーポレーション (注1) | 51,158 | 16.15% |
| 2 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
26,452 | 8.35% |
| 3 | GOLDMAN, SACHS & CO. REG (常任代理人 ゴールドマン・サックス証券株式会社) | 13,445 | 4.24% |
| 4 | モルガン・スタンレーMUFG証券株式会社 | 11,633 | 3.67% |
| 5 | 株式会社日本政策投資銀行 | 9,906 | 3.13% |
| 6 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
9,443 | 2.98% |
| 7 | GOLDMAN SACHS INTERNATIONAL (常任代理人 ゴールドマン・サックス証券株式会社) | 8,349 | 2.64% |
| 8 | HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES (常任代理人 香港上海銀行東京支店 カストディ業務部) | 7,491 | 2.36% |
| 9 |
Keikyu Corporation
京浜急行電鉄株式会社
|
6,655 | 2.10% |
| 10 |
Mizuho Bank
株式会社みずほ銀行
|
6,409 | 2.02% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
11.3%
-4.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
36.3%
+6.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 47.6% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 式会社NWコーポレーション (注1) | — | 15.83% | 16.15% +0.32% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 10.07% | 9.74% | 8.35% -1.39% | |
| GOLDMAN, SACHS & CO. REG | — | 4.16% | 4.24% +0.08% | |
| Morgan Stanley NEW ENTRY | — | — | — | 3.67% NEW |
| 式会社日本政策投資銀行 | 3.06% | 3.06% | 3.13% +0.07% | |
| Japan Custody Bank 日本カストディ銀行 | 6.41% | 6.02% | 2.98% -3.04% | |
| Goldman Sachs NEW ENTRY | — | — | — | 2.64% NEW |
| HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES NEW ENTRY | — | — | — | 2.36% NEW |
| Keikyu Corporation 京浜急行電鉄 | 2.21% | 2.06% | 2.10% +0.04% | |
| Mizuho Bank みずほ銀行 | 2.20% | 2.20% | 2.02% -0.18% | |
| Sumitomo Realty & Development Co.,Ltd. 住友不動産 last seen 2024 | Exited Top 10 | 1.47% | 1.47% | — |
| MLI FOR CLIENT GENERAL OMNI NON COLLATERAL NON TREATY-PB last seen 2024 | Exited Top 10 | — | 1.34% | — |
| 式会社NWコーポレーション last seen 2023 | Exited Top 10 | 15.83% | — | — |
| MSIP CLIENT SECURITIES last seen 2023 | Exited Top 10 | 1.89% | — | — |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) last seen 2023 | Exited Top 10 | 1.46% | — | — |
| Concentration (HHI) ⓘ | 420 | 421 | 402 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved