Want to see JP:9173 full AI Analyst Report?
Top Page
Tokai Kisen Co., Ltd.
(9173)
Select Model
Select Model
Rating:49Neutral
Price Target:
¥2,746.00
▼(-14.98% Downside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weak technicals (price below major moving averages with negative MACD and very low RSI/Stoch). Financial performance is improving versus prior loss years, but leverage remains high and cash flow/revenue trends are choppy. Valuation is reasonable on P/E but offers little support from dividends.
Positive Factors
Profitability Recovery
The shift from losses during 2020–2023 to positive operating profit and net income in 2024–2025 indicates a meaningful earnings recovery. Sustained profitability would strengthen internal funding capacity and improve resilience over the medium term.
Negative Factors
Revenue Volatility
Revenue remains exposed to fluctuating passenger, freight and tourism demand across island routes. The renewed decline in 2025 suggests the recovery is not firmly established, which can constrain operating leverage and make medium-term earnings less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The shift from losses during 2020–2023 to positive operating profit and net income in 2024–2025 indicates a meaningful earnings recovery. Sustained profitability would strengthen internal funding capacity and improve resilience over the medium term.
Read all positive factors
Tokai Kisen Co., Ltd. (9173) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥6.21B
Dividend Yield0.35%
Average Volume (3M)1.30K
Price to Earnings (P/E)21.7
Beta (1Y)0.06
Revenue Growth-1.50%
EPS Growth-7.60%
CountryJP
Employees377
SectorGeneral
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)174.06
Shares Outstanding2,200,000
10 Day Avg. Volume910
30 Day Avg. Volume1,300
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)1.34
Price to Sales (P/S)0.50
P/FCF Ratio19.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tokai Kisen Co., Ltd. Business Overview & Revenue Model
Company Description
Tokai Kisen Co., Ltd. (9173) is a Japanese marine transportation company that operates passenger and cargo shipping services, with a core focus on routes connecting Tokyo and nearby island areas. The company provides scheduled ferry/high-speed ves...
How the Company Makes Money
null...
Tokai Kisen Co., Ltd. Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
46
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.33B | 14.29B | 14.60B | 13.18B | 13.93B | 10.81B |
| Gross Profit | 2.00B | 2.00B | 2.02B | 753.36M | 1.92B | 1.38B |
| EBITDA | 1.80B | 1.74B | 1.99B | 832.27M | 1.76B | 1.54B |
| Net Income | 383.00M | 368.00M | 293.64M | -580.62M | 180.75M | -78.27M |
Balance Sheet | ||||||
| Total Assets | 20.67B | 20.74B | 22.60B | 22.55B | 23.71B | 23.92B |
| Cash, Cash Equivalents and Short-Term Investments | 3.82B | 3.88B | 5.10B | 4.36B | 4.86B | 3.87B |
| Total Debt | 9.96B | 10.27B | 11.90B | 12.82B | 13.56B | 14.24B |
| Total Liabilities | 13.84B | 13.82B | 16.24B | 16.67B | 17.37B | 17.80B |
| Stockholders Equity | 5.15B | 5.28B | 4.77B | 4.39B | 4.88B | 4.72B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 372.00M | 1.42B | 7.89M | 1.51B | 1.03B |
| Operating Cash Flow | 0.00 | 685.00M | 2.23B | 388.38M | 2.14B | 1.52B |
| Investing Cash Flow | 0.00 | -249.00M | -556.34M | -147.76M | -455.94M | 1.53B |
| Financing Cash Flow | 0.00 | -1.66B | -926.19M | -744.41M | -692.96M | -1.27B |
Tokai Kisen Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥4.25B | 14.98 | ― | 1.57% | -5.37% | 1.94% | |
66 Neutral | ¥19.28B | 5.84 | ― | 1.29% | 0.98% | 58.52% | |
66 Neutral | ¥8.59B | 1.65 | ― | 4.99% | 3.12% | 185.27% | |
65 Neutral | ¥5.22B | 6.33 | ― | 3.02% | 6.97% | 20.58% | |
59 Neutral | ¥12.13B | 11.34 | ― | 1.87% | 4.81% | 99.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ¥6.21B | 21.70 | ― | 0.30% | -1.50% | -7.60% |
* General Sector Average
JP:9173
Tokai Kisen Co., Ltd.
2,833.00
-177.00
-5.88%
JP:9171
Kuribayashi Steamship Co., Ltd.
1,506.00
423.22
39.09%
JP:9193
Tokyo Kisen Co., Ltd.
859.00
-113.85
-11.70%
JP:9353
Sakurajima Futo Kaisha, Ltd.
2,879.00
1,118.09
63.49%
JP:9361
Fushiki Kairiku Unso Co., Ltd.
2,015.00
346.90
20.80%
JP:9380
Azuma Shipping Co., Ltd.
436.00
108.03
32.94%
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.