Tokai Kisen Co., Ltd.

9173・Standard Market・Marine Transportation

Official website

Tokai Kisen Co., Ltd.

9173・Standard Market・Marine Transportation

Official website

Tokai Kisen Co., Ltd.9173

Reference Indicators

Market Cap

64¥100M

P/E (Forecast)

29.2x

P/B

1.2x

Dividend Yield (Forecast)

—

ROE

7.3%

EV/EBITDA

7.4x

Financial Summary

Unit: ¥M

Item	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Net Sales	10,810	13,929	13,176	14,604	14,288
Cost of Sales	9,431	12,014	12,422	12,583	12,285
Gross Profit	1,378	1,915	753	2,021	2,003
SG&A Expenses	1,180	1,463	1,383	1,438	1,479
Operating Income	197	452	-629	582	523
Non-operating Income	246	80	180	119	68
Non-operating Expenses	209	232	129	149	146
Ordinary Income	234	299	-579	553	445
Extraordinary Income	4	85	105	215	338
Extraordinary Losses	—	92	139	214	182
Pre-tax Income	239	292	-613	554	601
Income Taxes	198	54	-59	149	172
Net Income	-78	180	-580	293	368
EBITDA	1,367	1,786	695	1,885	1,739
Gross Margin	12.8%	13.7%	5.7%	13.8%	14.0%
Operating Margin	1.8%	3.2%	-4.8%	4.0%	3.7%
ROA	-0.3%	0.8%	-2.6%	1.3%	1.8%
ROE	-1.7%	3.8%	-13.7%	6.4%	7.3%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
海運関連事業	12,482	875	7.0%
商事料飲事業	1,182	116	9.8%
ホテル事業	345	14	4.1%
旅客自動車運送事業	278	19	6.8%