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Tokyo Kisen Co., Ltd.
(9193)
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Rating:64Neutral
Price Target:
¥916.00
▼(-10.63% Downside)
Action:Downgraded
Date:05/17/26
The score is driven primarily by solid financial stability (notably low leverage) but materially offset by weak cash-flow quality and consistently negative free cash flow. Valuation is a significant positive (low P/E and strong dividend yield), while technicals are slightly negative due to weak trend indicators.
Positive Factors
Conservative balance sheet
A very low debt-to-equity ratio and a growing equity base provide lasting financial flexibility. In a cyclical shipping industry this conservatism reduces refinancing risk, supports liquidity during downturns, and enables opportunistic capex or M&A without stressing solvency.
Negative Factors
Persistent negative free cash flow
Chronically negative free cash flow constrains internal funding for fleet renewal, maintenance and growth. Over time this forces reliance on external financing or asset sales, limits reinvestment, and raises operational risk during adverse shipping cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low debt-to-equity ratio and a growing equity base provide lasting financial flexibility. In a cyclical shipping industry this conservatism reduces refinancing risk, supports liquidity during downturns, and enables opportunistic capex or M&A without stressing solvency.
Read all positive factors
Tokyo Kisen Co., Ltd. (9193) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥8.51B
Dividend Yield4.99%
Average Volume (3M)17.48K
Price to Earnings (P/E)1.7
Beta (1Y)0.68
Revenue Growth9.16%
EPS Growth146.81%
CountryJP
Employees446
SectorGeneral
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)507.08
Shares Outstanding10,010,000
10 Day Avg. Volume14,400
30 Day Avg. Volume17,476
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.38
Price to Sales (P/S)0.81
P/FCF Ratio-1.22K
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
Tokyo Kisen Co., Ltd. Business Overview & Revenue Model
Company Description
Tokyo Kisen Co.,Ltd., established in 1947 with its headquarters in Yokohama-shi, Japan, is a multifaceted maritime enterprise with operations in Japan and globally. The company primarily focuses on the tugboat industry, offering a comprehensive su...
How the Company Makes Money
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Tokyo Kisen Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
80
Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.14B | 12.04B | 12.52B | 11.87B | 10.70B |
| Gross Profit | 2.17B | 1.46B | 2.33B | 1.96B | 1.20B |
| EBITDA | 9.55B | 4.15B | 2.38B | 1.91B | 1.25B |
| Net Income | 5.05B | 2.04B | 572.70M | 416.13M | -192.95M |
Balance Sheet | |||||
| Total Assets | 37.88B | 31.26B | 29.12B | 28.67B | 28.91B |
| Cash, Cash Equivalents and Short-Term Investments | 12.84B | 7.89B | 7.49B | 8.97B | 9.72B |
| Total Debt | 2.44B | 3.10B | 3.30B | 3.04B | 3.65B |
| Total Liabilities | 8.54B | 6.47B | 6.52B | 7.02B | 7.84B |
| Stockholders Equity | 28.23B | 23.76B | 21.60B | 20.73B | 20.18B |
Cash Flow | |||||
| Free Cash Flow | -8.66M | -2.44B | -2.80B | -1.02B | -1.21B |
| Operating Cash Flow | 1.82B | 1.21B | 618.20M | 1.50B | 1.27B |
| Investing Cash Flow | -1.97B | 636.60M | -639.32M | -2.73B | -348.57M |
| Financing Cash Flow | -1.05B | -432.55M | 120.03M | -31.32M | 1.42B |
Tokyo Kisen Co., Ltd. Technical Analysis
Negative
1025.00
Price Trends
922.74
Negative
1030.93
Negative
1012.46
Negative
Market Momentum
-19.29
Negative
44.85
Neutral
85.20
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9193, the sentiment is Negative. The current price of 1025 is above the 20-day moving average (MA) of 851.30, above the 50-day MA of 922.74, and above the 200-day MA of 1012.46, indicating a neutral trend. The MACD of -19.29 indicates Negative momentum. The RSI at 44.85 is Neutral, neither overbought nor oversold. The STOCH value of 85.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9193.
Tokyo Kisen Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥5.33B | 6.04 | ― | 3.02% | 8.78% | 31.99% | |
65 Neutral | ¥21.64B | 5.70 | ― | 1.29% | 1.42% | 88.03% | |
64 Neutral | ¥8.51B | 1.69 | ― | 4.99% | 9.16% | 146.81% | |
63 Neutral | ¥4.09B | 10.46 | ― | 2.93% | -2.46% | -9.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥11.33B | 16.15 | ― | 1.87% | 1.90% | 24.93% | |
50 Neutral | ¥6.43B | 16.85 | ― | 0.30% | -2.80% | 3.74% |
* General Sector Average
JP:9193
Tokyo Kisen Co., Ltd.
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-4.99%
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Tokyo Kisen Co., Ltd. Corporate Events
Tokyo Kisen Swings to Strong Profit Growth on Higher Sales and Asset Expansion
May 15, 2026
Tokyo Kisen Co., Ltd. reported consolidated net sales of ¥13,144 million for the fiscal year ended March 2026, a 9.2% increase from the prior year, with operating profit recovering to ¥106 million from a loss and ordinary profit turning ...
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.