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

• Market Cap: ¥6.56B
• Dividend Yield: 0.3%
• Average Volume (3M): 1.30K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 0.04
• Revenue Growth: -0.38%
• EPS Growth: 413.00%
• Country: JP
• Employees: 365
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 58.42
• Shares Outstanding: 2,200,000
• 10 Day Avg. Volume: 910
• 30 Day Avg. Volume: 1,300
• PEG Ratio: 0.75
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 0.50
• P/FCF Ratio: 19.06
• 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: 50 Neutral
• Price Target: ¥3,050.00 ▼(-5.57% Downside)
• Action: Downgraded Date: 02/18/26
• Date: Action: Downgraded 02/18/26

The score is primarily held back by weak technicals (below key moving averages with negative MACD), while financial performance is only middling due to high leverage and uneven revenue/cash flow despite an earnings recovery. Valuation is neutral with a moderate P/E but little support from the low dividend yield.

Positive Factors

Earnings recovery

Return to positive operating profit and net income after loss years is a durable improvement: it indicates the core ferry business can generate sustainable profits under current demand and cost structures, enabling reinvestment, servicing of liabilities, and reducing bankruptcy risk during normal cycles.

Negative Factors

High leverage remains

Even after improvement, elevated leverage constrains flexibility: high debt levels increase interest and refinancing risk, reduce ability to fund unexpected capex or route disruptions, and magnify downside in demand downturns common in passenger ferry and marine transport sectors.

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 c...

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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 c...

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 ...

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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 ...

Tokai Kisen Co., Ltd. Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.69B	14.29B	14.60B	13.18B	13.93B	10.81B
Gross Profit	2.02B	2.00B	2.02B	753.36M	1.92B	1.38B
EBITDA	1.93B	1.74B	1.99B	832.27M	1.76B	1.54B
Net Income	310.51M	368.00M	293.64M	-580.62M	180.75M	-78.27M
Balance Sheet
Total Assets	21.71B	20.74B	22.60B	22.55B	23.71B	23.92B
Cash, Cash Equivalents and Short-Term Investments	4.18B	3.88B	5.10B	4.36B	4.86B	3.87B
Total Debt	10.79B	10.27B	11.90B	12.82B	13.56B	14.24B
Total Liabilities	15.69B	13.82B	16.24B	16.67B	17.37B	17.80B
Stockholders Equity	4.46B	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. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3230.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9173, the sentiment is Negative. The current price of 3230 is above the 20-day moving average (MA) of 3019.15, above the 50-day MA of 3067.68, and above the 200-day MA of 3126.24, indicating a bearish trend. The MACD of -25.17 indicates Positive momentum. The RSI at 41.27 is Neutral, neither overbought nor oversold. The STOCH value of 15.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
9361	78 Outperform	¥5.76B	5.29	―	3.02%	7.54%	44.72%
9353	74 Outperform	¥3.48B	10.48	―	1.57%	12.51%	58.13%
9193	72 Outperform	¥11.08B	5.41	―	4.99%	6.11%	207.55%
9171	71 Outperform	¥24.12B	3.25	―	1.29%	4.21%	35.32%
9380	65 Neutral	¥11.38B	10.98	―	1.87%	-0.35%	11.44%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9173	50 Neutral	¥6.56B	13.74	―	0.30%	-0.38%	413.00%