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Kawasaki Kisen Kaisha Ltd (JP:9107)
:9107
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Kawasaki Kisen Kaisha
(9107)
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Rating:70Outperform
Price Target:
¥2,312.00
▲(1.23% Upside)
Kawasaki Kisen Kaisha's overall stock score is driven by its strong financial performance and attractive valuation. The company's robust revenue growth, improved leverage ratios, and efficient cash flow management are significant strengths. However, technical analysis indicates potential short-term weakness, which slightly offsets the positive financial and valuation aspects.
Positive Factors
Revenue Growth
The significant revenue growth reflects strong demand and operational efficiency, indicating a robust market position and potential for sustained expansion.
Balance Sheet Health
The improved debt-to-equity ratio signifies enhanced financial stability and reduced leverage, providing the company with greater financial flexibility.
Profitability
The significant improvement in net profit margin highlights effective cost management and operational efficiency, supporting long-term profitability.
Negative Factors
High Liabilities
Substantial liabilities could pose a risk to financial stability, potentially impacting the company's ability to invest in growth opportunities.
Free Cash Flow Fluctuations
Inconsistent free cash flow growth may affect the company's ability to fund operations and strategic initiatives, posing a risk to long-term financial health.
Industry Challenges
The marine shipping industry is subject to regulatory and environmental pressures, which can impact operational costs and competitive dynamics over time.
Kawasaki Kisen Kaisha (9107) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
$1.42T
Dividend Yield5.12%
Average Volume (3M)4.91M
Price to Earnings (P/E)7.7
Beta (1Y)1.16
Revenue Growth-2.96%
EPS Growth-10.12%
CountryJP
Employees5,012
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)61.21
Shares Outstanding639,172,060
10 Day Avg. Volume4,951,080
30 Day Avg. Volume4,907,240
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.81
Price to Sales (P/S)1.28
P/FCF Ratio9.52
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue1.24
Enterprise Value/Gross Profit7.38
Enterprise Value/Ebitda8.31
Forecast
1Y Price Target
$2,300.28Price Target Upside0.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kawasaki Kisen Kaisha Business Overview & Revenue Model
Company DescriptionKawasaki 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 segments. It offers containership services; dry bulk carrier services comprising transport of raw materials, such as coal, iron ore, wheat, soybeans, corn, etc., as well as woodchips, and pulp; car carrier services; liquefied natural gas (LNG) carrier services; marine transport of crude oil, oil derivatives, and liquefied petroleum gas (LPG) products through tankers; offshore support vessel services; offshore drilling services; and floating production storage and offloading services. In addition, the company offers logistics services, including air and sea freight forwarding, land transportation, warehousing, and buyer's consolidation services; and operates container terminals, as well as ship management services, travel agency services, and real estate rental and administration services. As of March 31, 2022, it had a fleet of 434 vessels with 36,959,893 deadweight tonnage. Kawasaki Kisen Kaisha, Ltd. was founded in 1919 and is headquartered in Tokyo, Japan.
How the Company Makes Money'K' Line generates revenue primarily through the transportation of goods across its various shipping services. This includes charging shipping fees for containerized cargo, bulk commodities, and specialized shipments. Key revenue streams include long-term contracts with major industrial clients, spot market transactions, and logistics services that cater to supply chain needs. The company also benefits from strategic partnerships with other shipping lines and logistics companies, enhancing its service offerings and operational efficiencies. Additionally, fluctuations in freight rates, fuel prices, and global trade dynamics significantly influence its earnings.
Kawasaki Kisen Kaisha Earnings Call Summary
Earnings Call Date:Feb 04, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Feb 03, 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.Q3-2024 Updates
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.
Increased Dividend Announcement
The fiscal year-end shareholder dividend has been increased by JPY 50 to JPY 150 per share, leading to a full year dividend expectation of JPY 250 per share.
Product Logistics Segment Growth
Product Logistics, excluding Containership business, is forecasted to increase ordinary income by 37% year-on-year, from JPY 61.1 billion to JPY 83.5 billion.
Shareholder Return and Stock Split
A stock split is planned, and over JPY 500 billion is expected to be returned to shareholders as part of the medium-term management plan.
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.
Containership Challenges
Containership liftings and freight rates fell more than expected in the third quarter, impacting quarterly profits negatively.
Impact of Global Political Uncertainty
Political uncertainties, including tensions in the Middle East and changes in shipping routes, are causing operational challenges.
Suez and Panama Canal Disruptions
Avoidance of the Suez Canal and restrictions on the Panama Canal have led to increased voyage times and costs, impacting the bottom line.
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
Kawasaki Kisen Kaisha demonstrates strong financial health with robust revenue and profit growth, improved leverage ratios, and efficient cash flow management. The company has shown significant improvements in net profit margin and debt-to-equity ratio, indicating strong operational performance and financial stability.Income Statement
Kawasaki Kisen Kaisha has demonstrated robust revenue growth, with a notable increase from ¥756.98 billion in 2022 to ¥1.05 trillion in 2025, reflecting strong demand and operational efficiency. The company maintains healthy profitability with a gross profit margin consistently above 15% and a significant net profit margin improvement, reaching over 29% in 2025. Management's focus on cost control and revenue expansion is evident in the positive EBIT and EBITDA margins, indicating strong operational performance.Balance Sheet
The company's balance sheet shows a solid equity base with a debt-to-equity ratio significantly improved from 5.02 in 2020 to 0.21 in 2025, indicating decreased leverage and improved financial stability. The equity ratio has increased, reflecting a stronger shareholder position, although total liabilities remain substantial. The return on equity is impressive, driven by high net income levels, suggesting effective management of equity capital.Cash Flow
Kawasaki Kisen Kaisha's cash flow performance is strong, with a consistent increase in free cash flow from ¥184.5 billion in 2022 to ¥143.5 billion in 2025, despite significant capital expenditures. The operating cash flow to net income ratio is above 0.8, indicating efficient cash generation relative to earnings. However, fluctuations in free cash flow growth warrant careful monitoring, although overall cash flow health supports ongoing investment and debt reduction strategies.| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.03T | 1.05T | 962.30B | 942.61B | 756.98B | 625.49B |
| Gross Profit | 172.86B | 182.25B | 161.17B | 142.72B | 75.38B | 35.44B |
| EBITDA | 153.42B | 376.45B | 185.00B | 745.27B | 712.22B | 167.78B |
| Net Income | 262.79B | 305.38B | 101.99B | 694.90B | 642.42B | 108.69B |
Balance Sheet | ||||||
| Total Assets | 2.18T | 2.21T | 2.11T | 2.05T | 1.57T | 974.61B |
| Cash, Cash Equivalents and Short-Term Investments | 339.03B | 204.72B | 272.62B | 349.43B | 247.34B | 132.37B |
| Total Debt | 286.15B | 344.86B | 287.78B | 351.69B | 416.45B | 507.00B |
| Total Liabilities | 526.67B | 532.60B | 484.83B | 505.94B | 590.08B | 658.45B |
| Stockholders Equity | 1.62T | 1.65T | 1.59T | 1.52T | 884.63B | 218.19B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 141.08B | 118.23B | 387.54B | 184.50B | -8.73B |
| Operating Cash Flow | 0.00 | 273.17B | 203.09B | 456.05B | 226.46B | 33.40B |
| Investing Cash Flow | 0.00 | -126.13B | -66.91B | -46.74B | -5.85B | 16.99B |
| Financing Cash Flow | 0.00 | -211.65B | -223.73B | -300.79B | -116.00B | -34.84B |
Kawasaki Kisen Kaisha Technical Analysis
Positive
2284.00
Price Trends
2126.61
Positive
2148.98
Positive
2065.61
Positive
Market Momentum
28.76
Negative
74.28
Negative
86.40
Negative
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 2284 is above the 20-day moving average (MA) of 2156.30, above the 50-day MA of 2126.61, and above the 200-day MA of 2065.61, indicating a bullish trend. The MACD of 28.76 indicates Negative momentum. The RSI at 74.28 is Negative, neither overbought nor oversold. The STOCH value of 86.40 is Negative, 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 | ¥156.95B | 7.65 | 12.71% | 3.75% | -7.72% | 27.03% | |
77 Outperform | ¥2.26T | 7.31 | 10.82% | 6.25% | -3.22% | -13.20% | |
77 Outperform | ¥156.80B | 9.67 | ― | 4.08% | -10.66% | -17.73% | |
73 Outperform | ¥1.77T | 5.83 | 10.90% | 5.81% | 0.36% | -14.86% | |
70 Outperform | $1.42T | 7.72 | 11.32% | 5.12% | -2.96% | -10.12% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:9107
Kawasaki Kisen Kaisha
2,284.00
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15.79%
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Kawasaki Kisen Kaisha Corporate Events
Kawasaki Kisen Kaisha Reports Decline in Financial Performance Amid Market Challenges
Nov 5, 2025
Kawasaki Kisen Kaisha reported a decline in its financial performance for the six months ending September 30, 2025, with operating revenues and profits showing significant decreases compared to the previous year. Despite the downturn, the company maintains a strong financial position with a high shareholders’ equity ratio, and it has revised its financial forecasts for the year ending March 31, 2026, indicating a cautious outlook amidst challenging market conditions.
The most recent analyst rating on (JP:9107) stock is a Buy with a Yen2312.00 price target. To see the full list of analyst forecasts on Kawasaki Kisen Kaisha stock, see the JP:9107 Stock Forecast page.
Kawasaki Kisen Kaisha to Record Dividend Income from Affiliate
Nov 4, 2025
Kawasaki Kisen Kaisha, Ltd. announced it will receive a dividend of approximately 34 million USD from its equity-method affiliate, Ocean Network Express Pte. Ltd., in the third quarter of the current fiscal year. This dividend income will be recorded as non-operating income in the company’s non-consolidated financial results for the fiscal year ending March 31, 2026, with no impact on the consolidated financial results.
The most recent analyst rating on (JP:9107) stock is a Buy with a Yen2312.00 price target. To see the full list of analyst forecasts on Kawasaki Kisen Kaisha stock, see the JP:9107 Stock Forecast page.
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.