Tokyo Kisen Co., Ltd.

9193・Standard Market・Warehousing & Harbor Transportation Services

9193・Standard Market・Warehousing & Harbor Transportation Services

Tokyo Kisen Co., Ltd.9193

Reference Indicators

Market Cap

89¥100M

P/E (Forecast)

1.6x

P/B

0.3x

Dividend Yield (Forecast)

5.62%

ROE

19.4%

EV/EBITDA

-1.2x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	10,699	11,865	12,515	12,041	13,144
Cost of Sales	9,503	9,909	10,190	10,583	10,972
Gross Profit	1,195	1,956	2,325	1,457	2,172
SG&A Expenses	1,786	1,863	1,957	1,969	2,065
Operating Income	-590	92	368	-511	106
Non-operating Income	346	414	374	320	317
Non-operating Expenses	84	68	58	68	76
Ordinary Income	-328	438	684	-259	347
Extraordinary Income	286	329	927	2,885	7,982
Extraordinary Losses	68	188	647	154	619
Pre-tax Income	-109	579	963	2,471	7,710
Income Taxes	99	120	300	375	2,572
Net Income	-192	416	572	2,044	5,046
EBITDA	708	1,360	1,733	1,110	1,889
Gross Margin	11.2%	16.5%	18.6%	12.1%	16.5%
Operating Margin	-5.5%	0.8%	2.9%	-4.2%	0.8%
ROA	-0.7%	1.5%	2.0%	6.5%	13.3%
ROE	-1.0%	2.0%	2.7%	9.0%	19.4%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
曳船事業	9,517	319	3.4%
海事関連事業	1,956	-192	-9.8%
旅客船事業	1,670	-58	-3.5%

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