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Kawasaki Kisen Kaisha
(9107)
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Rating:77Outperform
Price Target:
¥3,777.00
▲(14.87% Upside)
Action:Reiterated
Date:08/11/26
The score is led by solid financial strength—especially low leverage and healthy cash generation—offset by cyclical earnings volatility and recent margin compression. Technicals add support via a clear uptrend and constructive momentum, while valuation is reasonable with a supportive dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage and a sizable equity base provide financial resilience for a cyclical shipping operator. This structure can help K Line withstand weaker freight conditions, preserve borrowing capacity, and continue funding fleet or logistics investments without excessive balance-sheet strain.
Negative Factors
Margin Compression
The sharp decline in net margin shows that recent revenue growth has not translated proportionally into profitability. Lower margin retention reduces earnings quality and leaves results more exposed to freight pricing, operating costs, and contract mix over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and a sizable equity base provide financial resilience for a cyclical shipping operator. This structure can help K Line withstand weaker freight conditions, preserve borrowing capacity, and continue funding fleet or logistics investments without excessive balance-sheet strain.
Read all positive factors
Kawasaki Kisen Kaisha (9107) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.07T
Dividend Yield3.61%
Average Volume (3M)5.37M
Price to Earnings (P/E)16.6
Beta (1Y)0.68
Revenue Growth3.42%
EPS Growth-49.96%
CountryJP
Employees5,262
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)200.43
Shares Outstanding639,172,060
10 Day Avg. Volume5,492,170
30 Day Avg. Volume5,367,506
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)0.93
Price to Sales (P/S)1.64
P/FCF Ratio9.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,110.00Price Target Upside-35.83% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)222.89
Revenue Forecast (FY)¥1.07T
Kawasaki Kisen Kaisha Business Overview & Revenue Model
Company Description
Operating globally across Japan, the United States, Europe, and Asia, Kawasaki Kisen Kaisha, Ltd. specializes in a wide array of transportation solutions, encompassing marine, land, and air logistics. Its operations are structured into key divisio...
How the Company Makes Money
K Line primarily makes money by charging customers freight and charter-related fees for moving cargo by sea and providing associated logistics services. Key revenue streams include: (1) Ocean transportation revenues from carrying goods on its vess...
Kawasaki Kisen Kaisha Earnings Call Summary
Earnings Call Date:Feb 04, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Neutral
The earnings call presents a mixed outlook with significant achievements like increased revenue forecasts and shareholder returns, but also highlights challenges such as downward revisions in key segments and geopolitical disruptions affecting operations.Positive Updates
Record Operating Revenues Forecast
For fiscal 2023, operating revenues are expected to reach JPY 940 billion, a JPY 10 billion increase from the previous announcement.
Negative Updates
Downward Revision for Dry Bulk and Energy Resource Transport
Ordinary income for Dry Bulk has been revised downward by JPY 3 billion and for Energy Resource Transport by JPY 0.5 billion due to temporary causes.
Read all updates
Q3-2024 Updates
Positive
Negative
Record Operating Revenues Forecast
For fiscal 2023, operating revenues are expected to reach JPY 940 billion, a JPY 10 billion increase from the previous announcement.
Read all positive updates
Company Guidance
During the earnings call for the third quarter of fiscal year 2023, the executive provided comprehensive financial guidance and updates across various segments and metrics. Operating revenues for the first nine months reached JPY 715.3 billion, with operating income at JPY 70.1 billion and ordinary income at JPY 98.5 billion. The net income attributable to owners of the parent was JPY 74 billion. Key financial indicators included an equity capital of JPY 1,508.5 billion and an equity ratio of 73%, which would adjust to approximately 57-59% under IFRS standards. Segment-wise, ordinary income was reported as JPY 1.6 billion for Dry Bulk, JPY 4.7 billion for Energy Resource Transport, and JPY 96.6 billion for Product Logistics, which included JPY 33.8 billion for the Containership business. The forecast for fiscal year 2023 anticipated operating revenues of JPY 940 billion and ordinary income of JPY 135 billion. Shareholder returns are set to increase with a fiscal year-end dividend of JPY 150 per share, resulting in a total annual dividend of JPY 250 per share. The call also noted the impact of geopolitical factors and market conditions on their operations, such as exchange rate fluctuations and challenges in the Suez and Panama Canals.Kawasaki Kisen Kaisha Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.06T | 1.02T | 1.05T | 957.94B | 942.61B | 756.98B |
| Gross Profit | 170.47B | 168.91B | 180.29B | 157.40B | 140.89B | 73.87B |
| EBITDA | 179.46B | 192.85B | 376.45B | 185.00B | 745.27B | 715.69B |
| Net Income | 126.43B | 132.99B | 305.38B | 101.99B | 694.90B | 642.42B |
Balance Sheet | ||||||
| Total Assets | 2.29T | 2.34T | 2.21T | 2.11T | 2.05T | 1.57T |
| Cash, Cash Equivalents and Short-Term Investments | 217.81B | 322.55B | 204.72B | 272.62B | 349.43B | 247.34B |
| Total Debt | 230.57B | 296.05B | 344.86B | 287.78B | 351.69B | 416.45B |
| Total Liabilities | 512.83B | 502.00B | 532.60B | 484.83B | 505.93B | 590.07B |
| Stockholders Equity | 1.74T | 1.80T | 1.65T | 1.59T | 1.52T | 884.63B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 181.26B | 143.46B | 120.13B | 388.41B | 185.32B |
| Operating Cash Flow | 0.00 | 264.77B | 273.17B | 202.45B | 456.05B | 226.46B |
| Investing Cash Flow | 0.00 | -35.11B | -126.13B | -66.33B | -103.62B | -5.85B |
| Financing Cash Flow | 0.00 | -124.75B | -211.65B | -223.18B | -243.91B | -116.00B |
Kawasaki Kisen Kaisha Technical Analysis
Positive
3288.00
Price Trends
2880.83
Positive
2722.79
Positive
2505.98
Positive
Market Momentum
148.00
Positive
61.32
Neutral
35.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9107, the sentiment is Positive. The current price of 3288 is above the 20-day moving average (MA) of 3207.78, above the 50-day MA of 2880.83, and above the 200-day MA of 2505.98, indicating a bullish trend. The MACD of 148.00 indicates Positive momentum. The RSI at 61.32 is Neutral, neither overbought nor oversold. The STOCH value of 35.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9107.
Kawasaki Kisen Kaisha Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥2.07T | 16.60 | 7.26% | 3.61% | 3.42% | -49.96% | |
77 Outperform | ¥247.21B | 10.19 | 13.33% | 2.96% | 1.00% | 28.47% | |
75 Outperform | ¥12.01B | 6.58 | ― | 2.55% | -0.14% | 91.04% | |
68 Neutral | ¥2.53T | 10.81 | 7.95% | 2.87% | 19.81% | -38.05% | |
68 Neutral | ¥2.86T | 13.01 | 7.62% | 4.25% | 0.49% | -41.75% | |
68 Neutral | ¥183.36B | 7.89 | ― | 3.40% | 0.53% | 56.08% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Kawasaki Kisen Kaisha Corporate Events
“K” Line Nears Upper Limit of Share Buyback Plan After August Purchases
Sep 1, 2026
Kawasaki Kisen Kaisha has reported progress on its ongoing share buyback program, repurchasing 6,209,600 shares of common stock for approximately 19.41 billion yen between August 1 and August 31, 2026. The buyback is being conducted under a board-...
Kawasaki Kisen Kaisha Posts Higher Q1 Revenue but Lower Profit, Keeps FY2027 Outlook and Dividend Plan
Aug 4, 2026
For the first quarter of fiscal 2026, Kawasaki Kisen Kaisha reported operating revenues of ¥286.8 billion, up 17.1% year on year, while operating income dipped 1.3% to ¥19.6 billion and profit attributable to owners fell 21.9% to ¥2...
“K” LINE Advances Large-Scale Share Buyback Program
Aug 3, 2026
Kawasaki Kisen Kaisha, Ltd. has reported progress on its ongoing share repurchase program, buying 6,703,600 shares of its common stock for approximately 17.5 billion yen between July 1 and July 31, 2026. The initiative is being conducted under aut...
“K” Line Lifts Full-Year Profit Outlook on Stronger Freight Markets
Jul 24, 2026
Kawasaki Kisen Kaisha has raised its consolidated financial forecasts for the fiscal year ending March 2027, reflecting improved expectations for both the first half and full-year results. The company now projects higher operating revenue, ordinar...
“K” LINE Advances Major Share Buyback, Repurchasing 26.6 Million Shares in June
Jul 1, 2026
Kawasaki Kisen Kaisha, Ltd. (“K” LINE), a leading Japanese marine transportation company listed on the Tokyo Stock Exchange, provides container shipping, bulk and car carrier services, and other logistics solutions to global customers....
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.