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

Tokyo Kisen Co., Ltd.

(TSE/TYO:9193)

Select Model

Rating:79Outperform

Price Target:JPY 1,011.00▲(24.81% Upside)

Action:reiterated

Date:08/19/26

The overall score is driven primarily by an attractive valuation, with a very low P/E and strong dividend yield, suggesting the stock is priced cheaply relative to its earnings and income potential. Financial performance is solid, reflecting recovering revenue, better profitability, and a conservative balance sheet, though weak free cash flow and thin operating margins temper the upside. Technicals are supportive but not strongly directional, showing mild positive momentum without clear breakout signals, which contributes positively but less decisively to the overall assessment.

Positive Factors

Conservative Balance SheetVery low leverage and a growing equity base reduce refinancing pressure and preserve financial flexibility. This provides resilience through shipping cycles and gives the company capacity to fund operations without relying heavily on additional debt.

Negative Factors

Persistent Negative Free Cash FlowRepeated negative free cash flow indicates that reported profitability has not consistently translated into cash available for debt reduction, reinvestment, or shareholder distributions. This weakens earnings quality and may constrain long-term capital allocation.

Tokyo Kisen Co., Ltd. (9193) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 8.17B
Dividend Yield: 6.09%
Average Volume (3M): 6,474
Price to Earnings (P/E): 1.6
Beta (1Y): 0.72
Revenue Growth: 3.12%
EPS Growth: 185.27%
Country: Japan
Employees: 446
Sector: General
Sector Strength: 55
Industry: Marine Shipping

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 suite...

How the Company Makes Money

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Tokyo Kisen Co., Ltd. Financial Statement Overview

Summary

The company shows strong revenue growth, improved profitability, and a low-leverage, steadily strengthening balance sheet, but free cash flow is still negative and operating margins remain thin, keeping the score in the mid-to-high range rather than top tier.

Income Statement

78Positive

Balance Sheet

84Very Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	12.99B	13.14B	12.04B	12.52B	11.87B	10.70B
Gross Profit	2.19B	2.17B	1.46B	2.33B	1.96B	1.20B
EBITDA	9.33B	9.55B	4.15B	2.38B	1.91B	1.25B
Net Income	5.18B	5.05B	2.04B	572.70M	416.13M	-192.95M
Balance Sheet
Total Assets	35.62B	37.88B	31.26B	29.12B	28.67B	28.91B
Cash, Cash Equivalents and Short-Term Investments	10.24B	12.84B	7.89B	7.49B	8.97B	9.72B
Total Debt	2.54B	2.44B	3.10B	3.30B	3.04B	3.65B
Total Liabilities	6.44B	8.54B	6.47B	6.52B	7.02B	7.84B
Stockholders Equity	28.05B	28.23B	23.76B	21.60B	20.73B	20.18B
Cash Flow
Free Cash Flow	0	-8.66M	-2.44B	-2.80B	-1.02B	-1.21B
Operating Cash Flow	0	1.82B	1.21B	618.20M	1.50B	1.27B
Investing Cash Flow	0	-1.97B	636.60M	-639.32M	-2.73B	-348.57M
Financing Cash Flow	0	-1.05B	-432.55M	120.03M	-31.32M	1.42B

Tokyo Kisen Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price810.00

Price Trends

50DMA865.52Negative

100DMA866.17Negative

200DMA987.76Negative

Market Momentum

MACD-11.72Positive

RSI34.00Neutral

STOCH10.87Positive

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 810.00 is below the 20-day moving average (MA) of 845.35, below the 50-day MA of 865.52, and below the 200-day MA of 987.76, indicating a bearish trend. The MACD of -11.72 indicates Positive momentum. The RSI at 34.00 is Neutral, neither overbought nor oversold. The STOCH value of 10.87 is Positive, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:9193 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:9193	79Outperform	JPY 8.17B	1.56	―	6.09%	3.12%	185.27%
JP:9171	71Outperform	JPY 17.41B	5.18	―	2.19%	0.98%	58.52%
JP:9361	65Neutral	JPY 4.96B	6.14	―	3.07%	6.97%	20.58%
JP:9380	59Neutral	JPY 12.30B	11.50	―	1.81%	4.81%	99.10%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:9173	49Neutral	JPY 6.22B	21.70	―	0.35%	-1.50%	-7.60%
JP:9362	48Neutral	JPY 4.67B	10.24	―	2.77%	8.69%	50.84%

* General Sector Average

Performance Comparison

JP:9193 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9193	Tokyo Kisen Co., Ltd.	810.00	-119.72	-12.88%
JP:9171	Kuribayashi Steamship Co., Ltd.	1337.00	-636.25	-32.24%
JP:9173	Tokai Kisen Co., Ltd.	2833.00	-437.00	-13.36%
JP:9361	Fushiki Kairiku Unso Co., Ltd.	1955.00	256.65	15.11%
JP:9362	Hyoki Kaiun Kaisha,Ltd.	3935.00	448.14	12.85%
JP:9380	Azuma Shipping Co., Ltd.	442.00	95.51	27.56%

Tokyo Kisen Co., Ltd. Corporate Events

Tokyo Kisen Posts Profit Surge Despite Sales Decline and Operating Loss

Aug 12, 2026

Tokyo Kisen Co., Ltd. reported consolidated net sales of 3,264 million yen for the quarter ended June 2026, a 4.4% decline from the same period a year earlier, reflecting softer top-line performance. Despite an operating loss of 42 million yen and a...

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.

Date of analysis: Aug 17, 2026

Tokyo Kisen Co., Ltd. AI Stock Analysis