Tokyo Kisen Co., Ltd. (9193) AI Stock Analysis

• Market Cap: ¥9.58B
• Dividend Yield: 5.21%
• Average Volume (3M): 17.85K
• Price to Earnings (P/E): 5.3
• Beta (1Y): 0.56
• Revenue Growth: 1.51%
• EPS Growth: 105.10%
• Country: JP
• Employees: 483
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 6.06
• Shares Outstanding: 10,010,000
• 10 Day Avg. Volume: 19,150
• 30 Day Avg. Volume: 17,853
• PEG Ratio: 0.01
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 0.63
• P/FCF Ratio: -3.10
• 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: ¥1,026.00
• Price Target Upside: 8.11% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: ¥1,026.00 ▲(8.11% Upside)

The overall stock score reflects a mixed financial health profile with strong valuation metrics. The low P/E ratio and high dividend yield are significant positives. However, bearish technical indicators and operational challenges weigh on the score.

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

Company Description

Tokyo Kisen Co.,Ltd. engages in the tugboat business in Japan and internationally. The company operates through Tugboat, Passenger Ship, and Store and Restaurant segments. The company provides harbor tug services, including assisting in berthing and docking operations of vessels; escort tug services, such as safeguarding the route of vessels carrying hazardous materials, as well as pilot boat services; emergency support and disaster prevention services comprising ship rescue, watch boat, oil spill recovery, fire extinguishing, and lifesaving services; and crew transfer and vessel services. It also offers marine logistics support services, which include mooring boat and patrol boat services; and passenger services consisting of sightseeing boats under the Marine Shuttle, Marine Rouge, and Sea Bus names, as well as provides car ferry services. The company was incorporated in 1947 and is headquartered in Yokohama-shi, Japan.

How the Company Makes Money

Tokyo Kisen Co., Ltd. generates revenue primarily through its tugboat operations, which facilitate the safe and efficient navigation of large vessels in and out of ports. This service is critical for shipping companies, ensuring that their operations are not only timely but also compliant with safety regulations. In addition to tugboat services, Tokyo Kisen may also offer coastal transport services, adding another stream of income. Partnerships with major shipping companies and port authorities are significant contributors to its earnings, as these relationships ensure a steady demand for its services. Revenue is further supported by ancillary maritime services that the company provides, which may include vessel maintenance and other support operations.

Tokyo Kisen Co., Ltd. Financial Statement Overview

Summary

Tokyo Kisen Co., Ltd. shows a mixed financial health profile. The balance sheet is strong with a low debt-to-equity ratio, but operational challenges are evident with negative EBIT and net profit margins. Cash flow management needs improvement due to negative free cash flow.

Income Statement

Tokyo Kisen Co., Ltd. has shown fluctuating revenue patterns with a decrease in the latest year. The gross profit margin has decreased from prior years, and the company is operating at a net loss, impacting net profit margins negatively. Despite a positive EBITDA margin, the EBIT margin is negative, indicating operational challenges.

Balance Sheet

The company maintains a strong equity position with a low debt-to-equity ratio. The equity ratio indicates a stable financial structure, and the company has consistently increased its stockholders' equity. The return on equity shows improvement, suggesting better utilization of equity in recent periods.

Cash Flow

The free cash flow remains negative, reflecting high capital expenditures relative to operating cash flow. The operating cash flow to net income ratio is positive but shows volatility, indicating some inconsistency in converting earnings into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.60B	12.04B	12.52B	11.87B	10.70B	9.89B
Gross Profit	1.62B	1.46B	2.33B	1.96B	1.20B	1.15B
EBITDA	4.00B	4.15B	2.38B	1.91B	1.25B	1.16B
Net Income	1.82B	2.04B	572.70M	416.13M	-192.94M	-94.19M
Balance Sheet
Total Assets	30.90B	31.26B	29.12B	28.67B	28.91B	26.99B
Cash, Cash Equivalents and Short-Term Investments	7.23B	7.89B	7.49B	8.97B	9.72B	8.68B
Total Debt	2.92B	2.96B	3.17B	3.04B	3.65B	2.07B
Total Liabilities	6.69B	6.47B	6.52B	7.02B	7.84B	5.72B
Stockholders Equity	23.15B	23.76B	21.60B	20.73B	20.18B	20.38B
Cash Flow
Free Cash Flow	0.00	-2.44B	-2.80B	-1.02B	-1.21B	-2.61B
Operating Cash Flow	0.00	1.21B	618.20M	1.50B	1.27B	231.73M
Investing Cash Flow	0.00	636.60M	-639.32M	-2.73B	-348.57M	1.40B
Financing Cash Flow	0.00	-432.55M	120.03M	-31.32M	1.42B	-238.58M

Tokyo Kisen Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 949.00
• 50DMA: Negative
• 100DMA: Negative
• 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:9193, the sentiment is Negative. The current price of 949 is below the 20-day moving average (MA) of 980.30, below the 50-day MA of 983.76, and above the 200-day MA of 879.71, indicating a neutral trend. The MACD of -5.35 indicates Positive momentum. The RSI at 39.78 is Neutral, neither overbought nor oversold. The STOCH value of 31.70 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9367	80 Outperform	¥8.14B	12.80	―	2.98%	5.69%	27.14%
9171	73 Outperform	¥24.99B	12.16	―	1.25%	7.09%	4.58%
9130	69 Neutral	¥8.09B	8.46	―	5.67%	8.21%	-80.26%
9173	68 Neutral	¥7.12B	22.96	―	0.31%	7.78%	―
9380	67 Neutral	¥9.68B	18.03	―	2.03%	-0.74%	84.04%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9193	63 Neutral	¥9.58B	5.28	―	5.21%	1.51%	105.10%

Tokyo Kisen Co., Ltd. Corporate Events

Tokyo Kisen Co., Ltd. Reports Q1 2025 Financial Results

Tokyo Kisen Co., Ltd. reported a 19.5% increase in net sales for the first quarter of 2025 compared to the same period in 2024, despite a significant drop in profit attributable to owners of the parent by 79.2%. The company’s financial position remains strong with a high capital adequacy ratio of 74.9%, although there was a slight decrease in total assets and net assets compared to March 2025.