9193.T
The company operates in the Marine Port Services industry, providing transportation and logistics services, primarily generating revenue through port operations and related services.
Business. The company operates in the Marine Port Services industry, providing transportation and logistics services, primarily generating revenue through port operations and related services.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
The company operates in the Marine Port Services industry, providing transportation and logistics services, primarily generating revenue through port operations and related services.
The company maintains a strong liquidity position, with a current ratio of 3.26, indicating a robust ability to meet short-term obligations. It holds JPY 7,891,967,000 in cash and equivalents, which is a significant portion of its total assets of JPY 31,261,795,000. The debt-to-equity ratio of 0.13 suggests a conservative capital structure, with long-term debt of JPY 3,099,753,000 compared to total equity of JPY 23,756,379,000.
Profitability metrics show mixed performance. The company reported a net income of JPY 2,044,246,000, but operating income was negative at JPY -582,020,000, indicating operational challenges. Return on equity of 8.61% and return on assets of 6.54% are below the industry median for ROE and ROA, suggesting that the company is underperforming in terms of capital efficiency and asset utilization.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The company's revenue of JPY 12,041,210,000 is derived from port operations and related services, with no material revenue from other segments.
Looking ahead, the company's growth trajectory is uncertain. The operating cash flow of JPY 1,206,954,000 is positive, but the free cash flow is negative at JPY -128,521,000, primarily due to high capital expenditures of JPY -3,648,786,000. This suggests that the company is investing heavily in infrastructure, which may impact short-term profitability. The outlook for the current fiscal year is neutral, with no significant revenue growth expected.
Risk factors include the potential for operational losses, as evidenced by the negative operating income. The company has a low dilution risk, with no immediate filing-based liquidity or dilution flags detected. However, the negative free cash flow and high capital expenditures may lead to future financing needs, which could result in dilution if not funded through operational cash flow.
Recent events include the disclosure of the company's latest financial results, which show a net income of JPY 2,044,246,000 despite a negative operating income. The company has not issued any new shares recently, and there are no indications of upcoming equity offerings or significant regulatory changes affecting its operations.
- The company has a strong liquidity position with a current ratio of 3.26 and JPY 7,891,967,000 in cash and equivalents.
- The company's profitability is mixed, with a net income of JPY 2,044,246,000 but a negative operating income of JPY -582,020,000.
- The company's revenue is concentrated in a single business segment, increasing exposure to regional economic fluctuations.
- The company is investing heavily in infrastructure, with capital expenditures of JPY -3,648,786,000, which may impact short-term profitability.
- The company has a low dilution risk, with no immediate filing-based liquidity or dilution flags detected.
- "margin_outlook_rationale": "The company's margin outlook is neutral, as the net income is positive but the operating income is negative, indicating operational challenges.",
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- No immediate filing-based liquidity or dilution flags were detected.
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- 9193.T Market data — financials · 2026-05-27
- Tokyo Kisen Co Ltd Market data — analyst estimates · 2026-05-27