Announcement • Jun 04
Tokyo Kisen Co.,Ltd. to Report Q1, 2027 Results on Aug 12, 2026 Tokyo Kisen Co.,Ltd. announced that they will report Q1, 2027 results on Aug 12, 2026 New Risk • May 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥10.3b market cap, or US$64.7m). Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥507 (vs JP¥205 in FY 2025) Full year 2026 results: EPS: JP¥507 (up from JP¥205 in FY 2025). Revenue: JP¥13.1b (up 9.2% from FY 2025). Net income: JP¥5.05b (up 147% from FY 2025). Profit margin: 38% (up from 17% in FY 2025). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Tokyo Kisen Co.,Ltd., Annual General Meeting, Jun 26, 2026 Tokyo Kisen Co.,Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
Tokyo Kisen Co.,Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Tokyo Kisen Co.,Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥47.43 (vs JP¥197 in 3Q 2025) Third quarter 2026 results: EPS: JP¥47.43 (down from JP¥197 in 3Q 2025). Revenue: JP¥3.16b (flat on 3Q 2025). Net income: JP¥472.0m (down 76% from 3Q 2025). Profit margin: 15% (down from 62% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 09
Dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 4.4%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 69% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 08
Tokyo Kisen Co.,Ltd. announces Annual dividend, payable on June 30, 2026 Tokyo Kisen Co.,Ltd. announced Annual dividend of JPY 20.0000 per share payable on June 30, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Announcement • Nov 29
Tokyo Kisen Co.,Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Tokyo Kisen Co.,Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Nov 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥9.54b market cap, or US$60.8m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: JP¥2.91 loss per share (vs JP¥6.63 loss in 2Q 2025) Second quarter 2026 results: JP¥2.91 loss per share (improved from JP¥6.63 loss in 2Q 2025). Revenue: JP¥3.40b (up 8.9% from 2Q 2025). Net loss: JP¥29.0m (loss narrowed 56% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Sep 03
Tokyo Kisen Co.,Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Tokyo Kisen Co.,Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: JP¥6.03 (vs JP¥29.05 in 1Q 2025) First quarter 2026 results: EPS: JP¥6.03 (down from JP¥29.05 in 1Q 2025). Revenue: JP¥3.42b (up 20% from 1Q 2025). Net income: JP¥60.0m (down 79% from 1Q 2025). Profit margin: 1.8% (down from 10% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥205 (vs JP¥57.50 in FY 2024) Full year 2025 results: EPS: JP¥205 (up from JP¥57.50 in FY 2024). Revenue: JP¥12.0b (down 3.8% from FY 2024). Net income: JP¥2.04b (up 257% from FY 2024). Profit margin: 17% (up from 4.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jun 12
Tokyo Kisen Co.,Ltd. to Report Q1, 2026 Results on Aug 12, 2025 Tokyo Kisen Co.,Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025 New Risk • May 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (JP¥10.1b market cap, or US$70.7m). Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥205 (vs JP¥57.50 in FY 2024) Full year 2025 results: EPS: JP¥205 (up from JP¥57.50 in FY 2024). Revenue: JP¥12.0b (down 3.8% from FY 2024). Net income: JP¥2.04b (up 257% from FY 2024). Profit margin: 17% (up from 4.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥954, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 7x in the Shipping industry in Japan. Total returns to shareholders of 111% over the past three years. Announcement • May 15
Tokyo Kisen Co.,Ltd., Annual General Meeting, Jun 27, 2025 Tokyo Kisen Co.,Ltd., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥730, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 6x in the Shipping industry in Japan. Total returns to shareholders of 57% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 9.1% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (5.9%). Announcement • Mar 07
Tokyo Kisen Co.,Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Tokyo Kisen Co.,Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥197 (vs JP¥36.89 in 3Q 2024) Third quarter 2025 results: EPS: JP¥197 (up from JP¥36.89 in 3Q 2024). Revenue: JP¥3.16b (flat on 3Q 2024). Net income: JP¥1.96b (up 434% from 3Q 2024). Profit margin: 62% (up from 12% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥8.08b market cap, or US$52.1m). Declared Dividend • Jan 10
Dividend increased to JP¥50.00 Dividend of JP¥50.00 is 150% higher than last year. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Nov 21
Tokyo Kisen Co.,Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Tokyo Kisen Co.,Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 17
Second quarter 2025 earnings released: JP¥6.63 loss per share (vs JP¥21.51 profit in 2Q 2024) Second quarter 2025 results: JP¥6.63 loss per share (down from JP¥21.51 profit in 2Q 2024). Revenue: JP¥3.12b (down 8.1% from 2Q 2024). Net loss: JP¥66.0m (down 131% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥642, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 6x in the Shipping industry in Japan. Total returns to shareholders of 17% over the past three years. Announcement • Sep 26
Tokyo Kisen Co.,Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Tokyo Kisen Co.,Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 17
First quarter 2025 earnings released: EPS: JP¥29.05 (vs JP¥2.11 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥29.05 (up from JP¥2.11 loss in 1Q 2024). Revenue: JP¥2.86b (down 3.5% from 1Q 2024). Net income: JP¥289.0m (up JP¥310.0m from 1Q 2024). Profit margin: 10% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥480, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 9x in the Shipping industry in Japan. Total loss to shareholders of 13% over the past three years. Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥57.50 (vs JP¥41.82 in FY 2023) Full year 2024 results: EPS: JP¥57.50 (up from JP¥41.82 in FY 2023). Revenue: JP¥12.5b (up 5.5% from FY 2023). Net income: JP¥572.0m (up 38% from FY 2023). Profit margin: 4.6% (up from 3.5% in FY 2023). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Tokyo Kisen Co.,Ltd., Annual General Meeting, Jun 27, 2024 Tokyo Kisen Co.,Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 29
Tokyo Kisen Co.,Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Tokyo Kisen Co.,Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (3.3%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥36.89 (vs JP¥9.45 in 3Q 2023) Third quarter 2024 results: EPS: JP¥36.89 (up from JP¥9.45 in 3Q 2023). Revenue: JP¥3.16b (up 1.2% from 3Q 2023). Net income: JP¥367.0m (up 290% from 3Q 2023). Profit margin: 12% (up from 3.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 10
Tokyo Kisen Co.,Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Tokyo Kisen Co.,Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥21.51 (vs JP¥2.92 in 2Q 2023) Second quarter 2024 results: EPS: JP¥21.51 (up from JP¥2.92 in 2Q 2023). Revenue: JP¥3.39b (up 15% from 2Q 2023). Net income: JP¥214.0m (up JP¥185.0m from 2Q 2023). Profit margin: 6.3% (up from 1.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 30
Tokyo Kisen Co.,Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Tokyo Kisen Co.,Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: JP¥2.11 loss per share (vs JP¥0.60 profit in 1Q 2023) First quarter 2024 results: JP¥2.11 loss per share (down from JP¥0.60 profit in 1Q 2023). Revenue: JP¥2.96b (up 5.0% from 1Q 2023). Net loss: JP¥21.0m (down 450% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jun 07
Tokyo Kisen Co.,Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Tokyo Kisen Co.,Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥41.82 (vs JP¥19.30 loss in FY 2022) Full year 2023 results: EPS: JP¥41.82 (up from JP¥19.30 loss in FY 2022). Revenue: JP¥11.9b (up 11% from FY 2022). Net income: JP¥416.0m (up JP¥608.0m from FY 2022). Profit margin: 3.5% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Announcement • May 12
Tokyo Kisen Co.,Ltd., Annual General Meeting, Jun 29, 2023 Tokyo Kisen Co.,Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (13%). Announcement • Feb 15
Tokyo Kisen Co.,Ltd. Provides Earnings Guidance for the Year Ended March 2023 Tokyo Kisen Co.,Ltd. provided earnings guidance for the year ended March 2023. For the year, the company expected Net sales to be JPY 11,669 million Operating loss to be JPY 114 million Profit attributable to owners of parent to be JPY 131 million Basic earnings per share to be JPY 13.17. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥9.45 (vs JP¥1.51 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.45 (up from JP¥1.51 in 3Q 2022). Revenue: JP¥3.13b (up 10% from 3Q 2022). Net income: JP¥94.0m (up JP¥79.0m from 3Q 2022). Profit margin: 3.0% (up from 0.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Tokyo Kisen Co.,Ltd. Provides Dividend Guidance for the Year Ending March 31, 2023 Tokyo Kisen Co.,Ltd. provided dividend guidance for the year ending March 31, 2023 of JPY 10.00 per share. Announcement • Dec 07
Tokyo Kisen Co.,Ltd. to Report Q3, 2023 Results on Feb 13, 2023 Tokyo Kisen Co.,Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥2.92 (vs JP¥10.25 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.92 (up from JP¥10.25 loss in 2Q 2022). Revenue: JP¥2.96b (up 11% from 2Q 2022). Net income: JP¥29.0m (up JP¥131.0m from 2Q 2022). Profit margin: 1.0% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). Auditor Akira Tanaka was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥2.92 (vs JP¥10.25 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.92 (up from JP¥10.25 loss in 2Q 2022). Revenue: JP¥2.96b (up 11% from 2Q 2022). Net income: JP¥29.0m (up JP¥131.0m from 2Q 2022). Profit margin: 1.0% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Sep 28
Tokyo Kisen Co.,Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Tokyo Kisen Co.,Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥0.60 (vs JP¥2.92 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.60 (down from JP¥2.92 in 1Q 2022). Revenue: JP¥2.82b (up 9.5% from 1Q 2022). Net income: JP¥6.00m (down 79% from 1Q 2022). Profit margin: 0.2% (down from 1.1% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
Full year 2022 earnings released: JP¥19.30 loss per share (vs JP¥9.45 loss in FY 2021) Full year 2022 results: JP¥19.30 loss per share (down from JP¥9.45 loss in FY 2021). Revenue: JP¥10.7b (up 8.2% from FY 2021). Net loss: JP¥192.0m (loss widened 104% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Announcement • May 14
Tokyo Kisen Co., Ltd., Annual General Meeting, Jun 29, 2022 Tokyo Kisen Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). Auditor Akira Tanaka was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Tokyo Kisen Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Tokyo Kisen Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (8.0%). Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥1.51 (up from JP¥1.21 in 3Q 2021). Revenue: JP¥2.84b (up 8.2% from 3Q 2021). Net income: JP¥15.0m (up 25% from 3Q 2021). Profit margin: 0.5% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 17
Second quarter 2022 earnings released: JP¥10.25 loss per share (vs JP¥8.95 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥2.65b (up 4.8% from 2Q 2021). Net loss: JP¥102.0m (down 215% from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS JP¥2.92 (vs JP¥23.32 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.58b (up 21% from 1Q 2021). Net income: JP¥29.0m (up JP¥261.0m from 1Q 2021). Profit margin: 1.1% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Full year 2021 earnings released: JP¥9.45 loss per share (vs JP¥30.16 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥9.89b (down 16% from FY 2020). Net loss: JP¥94.0m (down 131% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (2.7%). Is New 90 Day High Low • Feb 24
New 90-day high: JP¥609 The company is up 4.0% from its price of JP¥587 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 23% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥1.21 (vs JP¥6.23 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.62b (down 14% from 3Q 2020). Net income: JP¥12.0m (down 81% from 3Q 2020). Profit margin: 0.5% (down from 2.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Dec 05
Tokyo Kisen Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Tokyo Kisen Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 Announcement • Sep 04
Tokyo Kisen Co., Ltd. to Report Q2, 2021 Results on Nov 12, 2020 Tokyo Kisen Co., Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020 
