Tokai KisenTokai Kisen Co., Ltd.9173東証スタンダード海運業FY ending Dec 2025, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed -2.2% from the prior year, operating profit -10.1%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | — | —× | -0.3% | —× | — |
| 2022 | 1.3% | 0.59× | 0.8% | 5.03× | 3.8% |
| 2023 | — | —× | -2.5% | —× | — |
| 2024 | 2.0% | 0.65× | 1.3% | 5.13× | 6.7% |
| 2025 | 2.6% | 0.66× | 1.7% | 4.59× | 7.8% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 10,810 | 13,930 | 13,176 | 14,605 | 14,288 |
| Cost of revenue | 9,432 | 12,015 | 12,423 | 12,583 | 12,285 |
| Gross profit | 1,379 | 1,915 | 753 | 2,021 | 2,003 |
| SG&A | 1,181 | 1,463 | 1,383 | 1,439 | 1,480 |
| Operating income | 198 | 452 | -630 | 582 | 524 |
| Pretax income | 240 | 292 | -614 | 554 | 601 |
| Income tax | 199 | 55 | -59 | 150 | 172 |
| Net income attributable to owners | -78 | 181 | -581 | 294 | 368 |
| Operating margin | 1.8% | 3.2% | -4.8% | 4.0% | 3.7% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Dec 2021 | FY ending Dec 2022 | FY ending Dec 2023 | FY ending Dec 2024 | FY ending Dec 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥3.54B | ¥4.52B | ¥4.02B | ¥4.77B | ¥3.55B |
| Total assets | ¥23.9B | ¥23.7B | ¥22.5B | ¥22.5B | ¥20.7B |
| Net assets | ¥6.12B | ¥6.34B | ¥5.88B | ¥6.36B | ¥6.92B |
| Share capital | ¥1.1B | ¥1.1B | ¥1.1B | ¥1.1B | ¥1.1B |
| Property, plant and equipment | ¥16B | ¥15B | ¥14B | ¥13.2B | ¥12.3B |
| Intangible assets excluding goodwill | ¥123.1M | ¥81.3M | ¥72.1M | ¥77.5M | ¥88.4M |
| Investment securities | ¥331.4M | ¥307.6M | ¥431.4M | ¥547.2M | ¥770.8M |
| Current assets | ¥6.72B | ¥7.56B | ¥7.1B | ¥7.82B | ¥6.96B |
| Current liabilities | ¥4.39B | ¥5.36B | ¥5.5B | ¥6.14B | ¥5.12B |
| Short-term borrowings | ¥2.75B | ¥3.55B | ¥3.83B | ¥4.04B | ¥3.53B |
| Long-term borrowings | ¥11.5B | ¥10B | ¥8.98B | ¥7.85B | ¥6.74B |
| Total liabilities | ¥17.7B | ¥17.4B | ¥16.6B | ¥16.1B | ¥13.8B |
| Non-controlling interests | ¥1.4B | ¥1.46B | ¥1.49B | ¥1.59B | ¥1.65B |
| Equity attributable to owners of parent | ¥4.64B | ¥4.82B | ¥4.24B | ¥4.53B | ¥4.88B |
| Retained earnings | ¥2.86B | ¥3.03B | ¥2.45B | ¥2.75B | ¥3.09B |
| Treasury stock | -¥10.2M | -¥10.4M | -¥10.4M | -¥10.5M | -¥10.7M |
EDINET (FSA Japan)
訂正有価証券報告書－第201期(2025/01/01－2025/12/31)
EDINET (FSA Japan)
有価証券報告書－第200期(2024/01/01－2024/12/31)
EDINET (FSA Japan)
有価証券報告書－第199期(2023/01/01－2023/12/31)
EDINET (FSA Japan)
有価証券報告書－第198期(2022/01/01－2022/12/31)
EDINET (FSA Japan)
有価証券報告書－第197期(令和3年1月1日－令和3年12月31日)
EDINET (FSA Japan)
有価証券報告書－第196期(令和2年1月1日－令和2年12月31日)
Extracted from XBRL: 51 / Derived from other figures: 1
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