Niigata Kotsu Co Ltd

Niigata Kotsu maintains a debt-to-equity ratio of 1.53, indicating a moderate reliance on debt financing, and a current ratio of 0.3, suggesting limited short-term liquidity to cover immediate liabilities. The company's return on equity (ROE) is 0.0093, and return on assets (ROA) is 0.003, both of which are below the typical thresholds for strong profitability in the transportation industry.

The company's operating income of 272,123,000 JPY and net income of 168,959,000 JPY reflect modest profitability, with gross profit at 1,395,376,000 JPY. These figures are in line with the industry's median performance, but the company's ROE and ROA suggest that it is not outperforming its peers in terms of capital efficiency.

Niigata Kotsu's revenue is primarily concentrated in its core transportation services, with no disclosed segment breakdown. The company's geographic exposure is primarily within Japan, with no significant international operations reported in the available data.

The company's growth trajectory is expected to remain stable, with no significant revenue growth projected in the current or next fiscal year. The capital expenditure of -820,465,000 JPY indicates a net outflow, which may be used for fleet maintenance or infrastructure improvements.

The company's risk profile is characterized by medium liquidity risk and low dilution risk. The key financial flag is the negative net cash position after subtracting total debt, which could impact the company's ability to meet long-term obligations. No dilution events have been identified in the recent filings or transcripts.

Recent events include the latest actual EPS of 282.98 JPY and actual revenue of 19,998,620,000 JPY, as reported by analysts. These figures align with the company's financial snapshot and indicate consistent performance in the most recent reporting period.

Revenue grew at a 10.1% CAGR over four years, demonstrating strong top-line expansion for the transportation company.

Operating income surged 15% year-over-year in FY2025, indicating significant improvement in core operational profitability.

The company generated positive free cash flow of 1.41 billion JPY in FY2025, supporting financial stability.

Cash conversion of 17.05% ranks best-in-class among 57 peers, highlighting superior efficiency in generating cash.

Long-term debt decreased to 26.68 billion JPY in FY2025, reflecting a consistent deleveraging trend over recent years.

Return on equity of 0.93% is significantly below the 5.27% peer median, indicating poor capital efficiency.

The debt-to-equity ratio of 1.53 is well above the 0.68 cohort median, signaling higher financial leverage risk.

The company faces high credit risk and medium liquidity risk, posing potential challenges for financial stability.

Revenue ¥5.15B, −2,0% YoY; Operating income −6,5% YoY.

• ▍Revenue ¥5.15B, −2,0% YoY
• ▍Operating income −6,5% YoY
• ▍Net income −9,1% YoY
• ▍Net margin 5.7%

Revenue ¥5.35B, +3,4% YoY; Operating income +2,6% YoY.

• ▍Revenue ¥5.35B, +3,4% YoY
• ▍Operating income +2,6% YoY
• ▍Net income +1,9% YoY
• ▍Net margin 7.7%

Revenue ¥4.94B, +4,1% YoY; Operating income +16,1% YoY.

• ▍Revenue ¥4.94B, +4,1% YoY
• ▍Operating income +16,1% YoY
• ▍Net income +20,6% YoY
• ▍Net margin 4.5%

Revenue ¥4.83B, +2,5% YoY; Operating income +3,8% YoY.

• ▍Revenue ¥4.83B, +2,5% YoY
• ▍Operating income +3,8% YoY
• ▍Net income +2,5% YoY
• ▍Net margin 3.6%

Revenue ¥5.25B; Operating income ¥583.0M.

• ▍Revenue ¥5.25B
• ▍Operating income ¥583.0M
• ▍Net margin 6.2%

Revenue ¥5.18B; Operating income ¥727.1M.

• ▍Revenue ¥5.18B
• ▍Operating income ¥727.1M
• ▍Net margin 7.8%

Revenue ¥4.74B; Operating income ¥360.0M.

• ▍Revenue ¥4.74B
• ▍Operating income ¥360.0M
• ▍Net margin 3.9%

Revenue ¥4.71B; Operating income ¥272.1M.

• ▍Revenue ¥4.71B
• ▍Operating income ¥272.1M
• ▍Net margin 3.6%

Revenue ¥20.00B, +3,0% YoY; Operating income +15,0% YoY.

• ▍Revenue ¥20.00B, +3,0% YoY
• ▍Operating income +15,0% YoY
• ▍Net income +2,1% YoY
• ▍Free cash flow −13,4% YoY
• ▍Net margin 5.4%

Revenue ¥19.42B, +11,2% YoY; Operating income +21,4% YoY.

• ▍Revenue ¥19.42B, +11,2% YoY
• ▍Operating income +21,4% YoY
• ▍Net income +18,6% YoY
• ▍Free cash flow +54,6% YoY
• ▍Net margin 5.5%

Revenue ¥17.47B, +21,0% YoY; Operating income +646,6% YoY.

• ▍Revenue ¥17.47B, +21,0% YoY
• ▍Operating income +646,6% YoY
• ▍Net income +306,7% YoY
• ▍Free cash flow +1 331,7% YoY
• ▍Net margin 5.1%

Revenue ¥14.44B, +5,9% YoY; Operating income +73,4% YoY.

• ▍Revenue ¥14.44B, +5,9% YoY
• ▍Operating income +73,4% YoY
• ▍Net income +55,4% YoY
• ▍Free cash flow +103,2% YoY
• ▍Net margin -3.0%