Kyoei Tanker Co., Ltd. (9130) AI Stock Analysis

• Market Cap: ¥18.17B
• Dividend Yield: 5.77%
• Average Volume (3M): 17.06K
• Price to Earnings (P/E): 1812.2
• Beta (1Y): 0.69
• Revenue Growth: 3.22%
• EPS Growth: -87.75%
• Country: JP
• Employees: 62
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.15
• Shares Outstanding: 7,650,000
• 10 Day Avg. Volume: 12,100
• 30 Day Avg. Volume: 17,060
• PEG Ratio: <0.01
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.50
• P/FCF Ratio: -5.50
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ¥2,518.00 ▲(138.90% Upside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is mainly supported by improved profitability and strong technical momentum, but it is held back by very weak valuation (extremely high P/E) and financial risks from high leverage and negative free cash flow.

Positive Factors

Improved Profitability

Sustained improvement in gross margin and a meaningful net income increase indicate better cost management and pricing power in core tanker operations. Over 2–6 months this can translate into structurally higher operating earnings, improving ability to fund operations, reinvest in the fleet, and absorb cyclical downturns.

Strong Operating Cash Flow

Consistently strong operating cash flow shows the business generates cash from core shipping activities, supporting working capital needs and routine vessel upkeep. This durable cash generation provides a foundation for servicing debt and funding essential capex, even if free cash flow is currently negative due to heavy investment.

Stronger Equity Position

An improved stockholders' equity balance and a moderate equity ratio strengthen the firm's balance sheet, providing a buffer against shipping cycle volatility. A healthier equity base enhances financing flexibility and reduces insolvency risk, which supports longer-term strategic decisions like fleet renewal or contracting.

Negative Factors

High Leverage

Elevated debt-to-equity increases financial vulnerability to rate rises and downturns in tanker demand. High leverage raises interest expense and reduces strategic flexibility, making the company more dependent on stable cash flows and external financing to meet obligations and fund growth over the medium term.

Negative Free Cash Flow

Persistent negative free cash flow driven by heavy capex implies reliance on external funding to renew or expand the fleet. Over months this constrains the firm’s ability to delever, pay unexpected liabilities, or return capital to shareholders unless capex delivers returns above financing costs and operating cash conversion improves.

Volatile Earnings / EPS Decline

A steep EPS decline and noted inconsistent revenue growth point to earnings volatility tied to shipping cycles and rate swings. This undermines predictability of future profits and cash flows, complicating planning, debt service and investment returns, and heightening risk during industry downturns.

Kyoei Tanker Co., Ltd. Business Overview & Revenue Model

Company Description

Kyoei Tanker Co., Ltd. operates in the shipping industry in Japan. It provides shipping, shipping agency and brokerage, seamen's dispatch, warehousing, and non-life insurance agency services, as well as real estate, building lease, and estate agency services. The company also purchases and sells ship's stores, as well as their brokerage; purchases and sells ships; and sells petroleum and petroleum products. Kyoei Tanker Co., Ltd. was founded in 1937 and is headquartered in Tokyo, Japan.

How the Company Makes Money

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Kyoei Tanker Co., Ltd. Financial Statement Overview

Summary

Profitability improved meaningfully with a significant net income increase and better gross margin, but results are tempered by inconsistent revenue growth, high leverage (elevated debt-to-equity), and negative free cash flow driven by heavy capital expenditures.

Income Statement

Kyoei Tanker Co., Ltd. shows strong growth in profitability with a significant increase in net income in 2025. The gross profit margin has improved, indicating better cost management. However, revenue growth has been inconsistent over the years, which could present challenges in sustaining profitability.

Balance Sheet

The company's debt-to-equity ratio is high, reflecting significant leverage, which poses a risk to financial stability. However, there has been an improvement in stockholders' equity, suggesting strengthened financial health. The equity ratio is moderate, indicating a balanced asset structure.

Cash Flow

Operating cash flow remains strong, but free cash flow has been negative in recent years due to high capital expenditures. The company's ability to convert operating cash flow to net income is stable, although free cash flow generation is a concern that needs addressing.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	15.43B	15.16B	14.18B	14.27B	12.14B	11.67B
Gross Profit	2.89B	2.48B	816.69M	1.60B	1.26B	1.60B
EBITDA	6.57B	6.14B	5.05B	6.25B	5.67B	5.70B
Net Income	956.45M	5.11B	146.64M	876.04M	882.83M	161.56M
Balance Sheet
Total Assets	73.98B	77.93B	71.35B	71.56B	74.44B	69.79B
Cash, Cash Equivalents and Short-Term Investments	8.12B	9.23B	4.41B	4.38B	4.49B	1.44B
Total Debt	42.44B	45.54B	44.69B	48.02B	53.39B	50.62B
Total Liabilities	49.42B	52.87B	51.99B	53.67B	59.32B	55.89B
Stockholders Equity	24.57B	25.06B	19.37B	17.89B	15.12B	13.90B
Cash Flow
Free Cash Flow	0.00	-1.38B	2.79B	3.22B	-3.48B	-5.66B
Operating Cash Flow	0.00	4.71B	6.04B	4.92B	6.03B	4.33B
Investing Cash Flow	0.00	-2.14B	-2.61B	433.47M	-5.62B	-7.11B
Financing Cash Flow	0.00	565.29M	-3.49B	-5.53B	2.62B	2.91B

Kyoei Tanker Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1054.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9130, the sentiment is Positive. The current price of 1054 is below the 20-day moving average (MA) of 1724.90, below the 50-day MA of 1381.78, and below the 200-day MA of 1124.51, indicating a bullish trend. The MACD of 309.01 indicates Negative momentum. The RSI at 71.32 is Negative, neither overbought nor oversold. The STOCH value of 59.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9130.

Kyoei Tanker Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9107	79 Outperform	¥1.73T	10.15	11.32%	5.12%	-2.96%	-10.12%
9104	79 Outperform	¥2.53T	6.29	10.90%	5.81%	0.36%	-14.86%
9119	77 Outperform	¥191.30B	7.21	―	4.08%	-10.66%	-17.73%
9110	76 Outperform	¥180.75B	5.06	13.08%	3.75%	-7.72%	27.03%
9171	74 Outperform	¥22.82B	3.25	―	1.29%	4.21%	35.32%
9130	65 Neutral	¥18.17B	1,812.20	―	5.77%	3.22%	-87.75%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%