Kawasaki Kisen Kaisha Ltd (JP:9107)
:9107
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Kawasaki Kisen Kaisha
(9107)
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Rating:72Outperform
Price Target:
¥2,778.00
▲(4.46% Upside)
Action:Reiterated
Date:05/10/26
The score is driven primarily by a strong, de-levered balance sheet and healthy cash generation, supported by an attractive valuation (low P/E and high dividend yield). These positives are tempered by cyclical, less predictable profitability and currently soft technical momentum (negative MACD and trading below short-term moving averages).
Positive Factors
Conservative balance sheet
A very low debt-to-equity ratio (~0.07) and marked deleveraging since 2021 give K Line durable financial resilience versus shipping cycles. This reduces refinancing and distress risk, preserves liquidity for downturns, and supports strategic capital allocation over months to years.
Negative Factors
Cyclical, volatile profitability
Sharp margin swings illustrate the company's sensitivity to freight rates and charter costs. Such cyclicality undermines earnings visibility, complicates multi-quarter planning for capex and dividends, and raises the risk that profits can compress quickly if market conditions reverse.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low debt-to-equity ratio (~0.07) and marked deleveraging since 2021 give K Line durable financial resilience versus shipping cycles. This reduces refinancing and distress risk, preserves liquidity for downturns, and supports strategic capital allocation over months to years.
Read all positive factors
Kawasaki Kisen Kaisha (9107) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.58T
Dividend Yield5.12%
Average Volume (3M)4.91M
Price to Earnings (P/E)13.7
Beta (1Y)1.03
Revenue Growth-2.82%
EPS Growth-54.04%
CountryJP
Employees5,012
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)210.41
Shares Outstanding639,172,060
10 Day Avg. Volume4,951,080
30 Day Avg. Volume4,907,240
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)0.93
Price to Sales (P/S)1.64
P/FCF Ratio9.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,700.00Price Target Upside1.52% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)162.54
Revenue Forecast (FY)¥1.03T
Kawasaki Kisen Kaisha Business Overview & Revenue Model
Company Description
Kawasaki Kisen Kaisha, Ltd. provides marine, land, and air transportation services in Japan, the United States, Europe, Asia, and internationally. The company operates through Dry Bulk, Energy Resource Transport, Product Logistics, and Other segme...
How the Company Makes Money
Kawasaki Kisen Kaisha makes money primarily by operating and managing ocean transportation services and integrated logistics offerings. (1) Ocean transportation freight and charter income: A core revenue stream comes from transporting customer car...
Kawasaki Kisen Kaisha Earnings Call Summary
Earnings Call Date:Feb 04, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Neutral
The earnings call presents a mixed outlook with significant achievements like increased revenue forecasts and shareholder returns, but also highlights challenges such as downward revisions in key segments and geopolitical disruptions affecting operations.Positive Updates
Record Operating Revenues Forecast
For fiscal 2023, operating revenues are expected to reach JPY 940 billion, a JPY 10 billion increase from the previous announcement.
Negative Updates
Downward Revision for Dry Bulk and Energy Resource Transport
Ordinary income for Dry Bulk has been revised downward by JPY 3 billion and for Energy Resource Transport by JPY 0.5 billion due to temporary causes.
Read all updates
Q3-2024 Updates
Positive
Negative
Record Operating Revenues Forecast
For fiscal 2023, operating revenues are expected to reach JPY 940 billion, a JPY 10 billion increase from the previous announcement.
Read all positive updates
Company Guidance
During the earnings call for the third quarter of fiscal year 2023, the executive provided comprehensive financial guidance and updates across various segments and metrics. Operating revenues for the first nine months reached JPY 715.3 billion, with operating income at JPY 70.1 billion and ordinary income at JPY 98.5 billion. The net income attributable to owners of the parent was JPY 74 billion. Key financial indicators included an equity capital of JPY 1,508.5 billion and an equity ratio of 73%, which would adjust to approximately 57-59% under IFRS standards. Segment-wise, ordinary income was reported as JPY 1.6 billion for Dry Bulk, JPY 4.7 billion for Energy Resource Transport, and JPY 96.6 billion for Product Logistics, which included JPY 33.8 billion for the Containership business. The forecast for fiscal year 2023 anticipated operating revenues of JPY 940 billion and ordinary income of JPY 135 billion. Shareholder returns are set to increase with a fiscal year-end dividend of JPY 150 per share, resulting in a total annual dividend of JPY 250 per share. The call also noted the impact of geopolitical factors and market conditions on their operations, such as exchange rate fluctuations and challenges in the Suez and Panama Canals.Kawasaki Kisen Kaisha Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.02T | 1.05T | 957.94B | 942.61B | 756.98B |
| Gross Profit | 168.91B | 180.29B | 157.40B | 140.89B | 73.87B |
| EBITDA | 84.17B | 151.99B | 128.71B | 121.25B | 60.48B |
| Net Income | 132.99B | 305.38B | 101.99B | 694.90B | 642.42B |
Balance Sheet | |||||
| Total Assets | 2.34T | 2.21T | 2.11T | 2.05T | 1.57T |
| Cash, Cash Equivalents and Short-Term Investments | 322.55B | 204.72B | 272.62B | 349.43B | 247.34B |
| Total Debt | 296.05B | 344.86B | 287.78B | 351.69B | 416.45B |
| Total Liabilities | 502.00B | 532.60B | 484.83B | 505.93B | 590.07B |
| Stockholders Equity | 1.80T | 1.65T | 1.59T | 1.52T | 884.63B |
Cash Flow | |||||
| Free Cash Flow | 181.26B | 143.46B | 120.13B | 388.41B | 185.32B |
| Operating Cash Flow | 264.77B | 273.17B | 202.45B | 456.05B | 226.46B |
| Investing Cash Flow | -35.11B | -126.13B | -66.33B | -103.62B | -5.85B |
| Financing Cash Flow | -124.75B | -211.65B | -223.18B | -243.91B | -116.00B |
Kawasaki Kisen Kaisha Technical Analysis
Positive
2659.50
Price Trends
2597.29
Negative
2407.41
Positive
2248.02
Positive
Market Momentum
-19.77
Negative
48.95
Neutral
56.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9107, the sentiment is Positive. The current price of 2659.5 is above the 20-day moving average (MA) of 2542.83, above the 50-day MA of 2597.29, and above the 200-day MA of 2248.02, indicating a neutral trend. The MACD of -19.77 indicates Negative momentum. The RSI at 48.95 is Neutral, neither overbought nor oversold. The STOCH value of 56.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9107.
Kawasaki Kisen Kaisha Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥180.75B | 7.13 | 13.08% | 3.75% | -7.12% | 29.40% | |
72 Outperform | ¥1.58T | 13.73 | 11.32% | 5.12% | -2.82% | -54.04% | |
64 Neutral | ¥2.24T | 11.43 | 10.82% | 6.25% | -6.37% | -52.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | ¥2.12T | 17.02 | 10.90% | 5.81% | 2.80% | -47.61% | |
54 Neutral | ¥159.24B | 17.08 | ― | 4.08% | -10.27% | -16.20% | |
47 Neutral | ¥11.03B | 38.42 | ― | 5.77% | 2.31% | -91.89% |
* Industrials Sector Average
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Kawasaki Kisen Kaisha Corporate Events
Kawasaki Kisen Kaisha Profit Slides as Earnings Normalize but Balance Sheet Strengthens
May 8, 2026
Kawasaki Kisen Kaisha reported consolidated operating revenues of ¥1,018.4 billion for the year ended March 31, 2026, a slight 2.8% decline from the prior year, with operating income down 18.2% and ordinary income plunging 64.6%. Profit attri...
“K” LINE Centralizes Ship Management Under New Holding Company
Feb 26, 2026
Kawasaki Kisen Kaisha is reorganizing its ship management operations by transferring all shares of its wholly owned ship management subsidiaries, “K” Line RoRo Bulk Ship Management and K Marine Ship Management, to a newly established i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.