Tokai Kisen Co., Ltd. (9173) Stock Price

Market cap
¥6.5B
P/E ratio
40.8x
Tokai Kisen connects the Tokyo Islands with mainland Japan through ferry services, island hotels, local bus transportation, and supply of daily goods.

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Business Overview

Tokai Kisen operates four main business segments: maritime shipping, trading and food and beverage services, hotel operations, and passenger bus transportation. Through these businesses, the company plays a vital role connecting the Tokyo Islands with the mainland.

In maritime shipping, Tokai Kisen operates scheduled passenger and cargo routes between the Tokyo Islands and the mainland. The company also operates sightseeing cruises within Tokyo Bay. Affiliated companies Izu Shichito Kaiun handles cargo transportation, while Tokai Ship Service provides onboard services.

In trading and food and beverage services, Tokai Kisen operates food and beverage sales and dining facilities onboard ships and in passenger waiting areas. The company also supplies daily necessities and construction materials to the Tokyo Islands, and sells local specialty products and original merchandise.

In hotel operations, Tokai Kanko operates a hotel on Oshima Island. The company provides comfortable accommodations for tourists and supports the region's tourism industry.

In passenger bus transportation, Oshima Passenger Auto operates bus services on Oshima Island. Tokai Auto Service provides vehicle maintenance services on the island, supporting the region's transportation infrastructure.

Management Policy

Tokai Kisen is marking its 135th anniversary and has established community contribution as a core management principle, centered on regular passenger ferry routes connecting the Tokyo Islands and mainland Japan. Operating maritime-related businesses as its foundation, the company also runs trading and food service operations, hotel operations, and passenger bus transportation services. It aims to strengthen coordination across group companies while prioritizing safe operations and high-quality service delivery.

As a medium to long-term strategy, Tokai Kisen is working to increase cost flexibility and reduce fixed expenses, building an operational structure less vulnerable to revenue fluctuations. The company is securing profitability through off-season countermeasures and periodic vessel replacement. Additionally, it is advancing new product development using high-speed jet ferries and expanding e-commerce operations to strengthen flexible sales activities.

Under the slogan "Safety First Tokai Kisen Group 2025," the company is working toward 2025 with unified group-wide commitment. Particular emphasis is placed on maintaining highly public-service remote island routes, prioritizing community contribution alongside general business performance improvements. Through this approach, Tokai Kisen aims to become a leading company in safe maritime operations.

In the passenger division, the company is focusing on developing nature-based tourism products utilizing the Tokyo Islands' tourism resources. In the cargo division, it is expanding construction-related orders and improving freight transport quality. In trading and food service operations, it is advancing new business initiatives and strengthening e-commerce operations. In hotel operations, it is working on sales channel restructuring and service enhancement.

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