Tokai Kisen Co., Ltd. (9173) AI Stock Analysis

• Market Cap: ¥7.20B
• Dividend Yield: 0.3%
• Average Volume (3M): 1.30K
• Price to Earnings (P/E): 23.2
• Beta (1Y): <0.01
• Revenue Growth: 7.78%
• EPS Growth: N/A
• Country: JP
• Employees: 365
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): -142.60
• Shares Outstanding: 2,200,000
• 10 Day Avg. Volume: 910
• 30 Day Avg. Volume: 1,300
• PEG Ratio: -0.14
• Price to Book (P/B): 1.29
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 4.33
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 74 Outperform
• Price Target: ¥3,674.00 ▲(12.53% Upside)

Tokai Kisen Co., Ltd. demonstrates strong financial performance with significant improvements in revenue growth and profitability. The technical analysis supports a bullish outlook with positive market momentum. However, the valuation suggests moderate pricing, and the dividend yield is relatively low. The absence of recent earnings call data and notable corporate events limits further insights.

Tokai Kisen Co., Ltd. Business Overview & Revenue Model

Company Description

Tokai Kisen Co., Ltd. operates in the fleet service, trading, restaurant and hotel management, food and beverage, general passenger automobile carrier, and other businesses in Japan. The company was formerly known as Tokyo Wan Kisen Co., Ltd and changed its name to Tokai Kisen Co., Ltd. in August 1964. Tokai Kisen Co., Ltd. was incorporated in 1889 and is headquartered in Minato, Japan.

How the Company Makes Money

Tokai Kisen generates revenue primarily through ticket sales for its ferry services, catering to both passengers and cargo transport. The company also benefits from ancillary services such as onboard sales, tourism packages, and partnerships with local businesses for joint promotions. Seasonal variations in travel demand, particularly during holidays and vacation periods, significantly influence its revenue. Furthermore, strategic partnerships with regional tourism boards and local governments enhance its visibility and customer base, contributing to steady earnings.

Tokai Kisen Co., Ltd. Financial Statement Overview

Summary

Tokai Kisen Co., Ltd. has shown significant improvement across its financial statements. Revenue growth and profitability metrics have strengthened, reflecting operational efficiency and cost management improvements. The balance sheet indicates reduced leverage and improved equity returns, though the high debt-to-equity ratio remains a concern. Strong cash flow performance highlights effective cash management and supports future growth prospects.

Income Statement

Tokai Kisen Co., Ltd. has demonstrated solid revenue growth with a 10.83% increase from 2023 to 2024. The gross profit margin improved significantly to 13.84% in 2024 from 5.72% in 2023, indicating enhanced operational efficiency. The company turned around its net income from a loss in 2023 to a positive net profit margin of 2.01% in 2024. EBIT and EBITDA margins also saw improvements, suggesting better profitability and cash flow generation from core operations. However, historical volatility in net income and EBIT indicates potential risks.

Balance Sheet

The debt-to-equity ratio decreased to 2.49 in 2024 from 2.92 in 2023, reflecting a decrease in leverage and a more stable financial structure. The return on equity improved to 6.14% in 2024, which indicates better utilization of shareholder investments. However, the equity ratio remains relatively low at 21.20%, suggesting limited equity buffer against liabilities. Despite improvements, high leverage compared to equity could pose financial risks.

Cash Flow

Operating cash flow increased significantly to 2.23 billion yen in 2024, showcasing strong operational cash generation. The free cash flow saw a remarkable increase to 1.46 billion yen, indicating robust cash management and investment efficiency. The operating cash flow to net income ratio was favorable, highlighting effective conversion of profits into cash. A consistent positive trend in free cash flow points to financial stability and future growth potential.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.69B	14.60B	13.18B	13.93B	10.81B	8.97B
Gross Profit	2.02B	2.02B	753.36M	1.92B	1.38B	754.08M
EBITDA	1.93B	1.99B	832.27M	1.76B	1.54B	587.69M
Net Income	310.51M	293.64M	-580.62M	180.75M	-78.27M	-328.21M
Balance Sheet
Total Assets	21.71B	22.51B	22.48B	23.71B	23.86B	21.43B
Cash, Cash Equivalents and Short-Term Investments	4.18B	5.10B	4.36B	4.86B	3.87B	2.03B
Total Debt	10.79B	11.89B	12.81B	13.55B	14.24B	13.40B
Total Liabilities	15.69B	16.15B	16.61B	17.37B	17.74B	16.59B
Stockholders Equity	4.46B	4.77B	4.39B	4.88B	4.72B	4.77B
Cash Flow
Free Cash Flow	0.00	1.42B	7.89M	1.51B	1.03B	-4.89B
Operating Cash Flow	0.00	2.23B	388.38M	2.14B	1.52B	-726.63M
Investing Cash Flow	0.00	-556.34M	-147.76M	-455.94M	1.53B	-2.12B
Financing Cash Flow	0.00	-926.19M	-744.41M	-692.96M	-1.27B	3.34B

Tokai Kisen Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3265.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9173, the sentiment is Neutral. The current price of 3265 is below the 20-day moving average (MA) of 3266.25, above the 50-day MA of 3185.70, and above the 200-day MA of 2971.03, indicating a neutral trend. The MACD of 25.40 indicates Positive momentum. The RSI at 55.83 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9173.

Tokai Kisen Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9130	―	¥8.41B	8.80	―	5.45%	8.21%	-80.26%
9367	―	¥10.46B	16.04	―	1.61%	5.69%	27.14%
9173	―	¥7.20B	23.21	―	0.30%	7.78%	―
9171	―	¥25.82B	12.56	―	1.25%	7.09%	4.58%
9380	―	¥9.88B	18.39	―	1.97%	-0.74%	84.04%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9193	―	¥9.56B	5.27	―	5.05%	1.51%	105.10%