Overview
Marine Transportation

Tokai Kisen Co.,Ltd.

Tokai Kisen is a Tokyo-based maritime transportation company primarily operating scheduled passenger and cargo ferry services connecting mainland Tokyo (Takeshiba Pier) with the Tokyo Island chain (Izu Islands and Ogasawara Islands), including high-speed jetfoil services. Beyond maritime operations, the company conducts ancillary businesses including onboard and terminal retail/food & beverage sales, supply of daily necessities and construction materials to island communities, hotel operations on Oshima Island, and bus transportation services within Oshima. The company holds a commanding position as the primary lifeline transportation provider for the Tokyo Islands, operating under government-designated route (命令航路) contracts.

Market Cap
¥6.21B
US$39.6M
EV
¥12.4B
US$79.1M
Stock¥2,830▼-0.63%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.3
x
LTM EV/EBIT
37.8
x
LTM PER
21.7
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-35.5%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
6.21BUS$39.6MMarket Cap9.68BUS$61.7M+ Debt4.47BUS$28.5M− Cash0.60BUS$3.83M− Inv. Sec.1.58BUS$10.0M+ NCI12.4BUS$79.1MEV
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Performance & Balance
Revenue 5Y (¥B)
10.8US$68.9M'21/1213.9US$88.8M'22/1213.2US$84.0M'23/1214.6US$93.1M'24/1214.3US$91.1M'25/12
EBITDA 5Y (¥B)
1.37US$8.72M'21/121.79US$11.4M'22/120.70US$4.44M'23/121.89US$12.0M'24/121.74US$11.1M'25/12
Net Income 5Y (¥B)
-0.08-US$0.50M'21/120.18US$1.15M'22/12-0.58-US$3.70M'23/120.29US$1.87M'24/120.37US$2.35M'25/12
Capital Structure
33%
67%
EquityD/E 2.07xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
4.20US$26.8M14.2US$90.8M'21/125.17US$33.0M13.6US$86.4M'22/124.79US$30.5M12.8US$81.7M'23/125.65US$36.0M11.9US$75.9M'24/124.65US$29.7M10.3US$65.7M'25/12
Shareholders
Top 10 hold 39.8%
1
FUJITA KANKO INC.
18.04%
2
DOWA HOLDINGS CO.,LTD.
6.83%
3
Tokyo Kisen Co.,Ltd.
3.45%
4
Mizuho Bank, Ltd.
2.39%
5
Tokai Kisen Co.,Ltd. Employee Stock Ownership Association
1.99%
6
Keiko Co., Ltd.
1.64%
7
Mizuho Trust & Banking Co., Ltd.
1.59%
8
Naikai Zosen Corporation
1.50%
9
ISB CORPORATION
1.36%
10
SAPPORO BREWERIES LIMITED
1.00%
Management
10 officers
Junichi YAMAZAKI
Representative Director, President, Head of Sales Division
Mar 2004 Director, General Affairs Division Manager, the Company Mar 2006 Representative Director, Oshima Marine Service Co., Ltd. Mar 2007 Representative Director, Hachijo Marine Service Co., Ltd. Mar 2008 Representative Director, Tokyo Vente Anchor Cruise Co., Ltd. Mar 2008 Representative Director, Oshima Passenger Automobile Co., Ltd. Jun 2008 President and Representative Director, Izu Islands Development Co., Ltd. Mar 2009 President and Representative Director, the Company Mar 2009 Outside Director, Tokyo Kisen Co., Ltd. (current) Apr 2015 President and Representative Director, Head of Sales Division, the Company Jun 2016 President and Representative Director, Ogasawara Kaiun Co., Ltd. Jun 2020 Representative Director, Ogasawara Kaiun Co., Ltd. Mar 2021 President and Representative Director, Executive Officer, Head of Sales Division, the Company Apr 2025 President and Representative Director, Head of Sales Division, the Company (current)
1947-04-12
Yoshinori KURASAKI
Managing Director, Executive Officer, Head of Administration Division
Apr 2015 Joined the Company; General Affairs Division Manager Apr 2016 Internal Control Division Manager, the Company Jul 2019 General Affairs Division Manager, the Company Apr 2020 Executive Officer, Head of Administration Division and General Affairs Division Manager, the Company Mar 2021 Director, Executive Officer, Head of Administration Division and General Affairs Division Manager, the Company Mar 2025 Managing Director, Executive Officer, Head of Administration Division and General Affairs Division Manager, the Company Apr 2025 Managing Director, Executive Officer, Head of Administration Division, the Company (current)
1962-03-15
Keisuke TAKEZAKI
Director, Executive Officer, Head of Planning Division
Apr 2007 Business Planning Division Manager, Fujita Kanko Inc. Feb 2011 Managing Director, Fujita Hotel Management Co., Ltd.; General Manager, Kyoto Kokusai Hotel Jan 2015 Accounting and Finance Group Chief, Fujita Kanko Inc. Apr 2016 Business Planning Group Chief, Fujita Kanko Inc. Oct 2017 Human Resources Group Chief, Fujita Kanko Inc. Mar 2020 General Manager, Shinjuku Washington Hotel, WHG Division, Fujita Kanko Inc. Jul 2021 Internal Audit Office Manager, CSS Holdings Inc. Jan 2022 Human Resources Department, Human Resources and General Affairs Division, Fujita Kanko Inc. Mar 2022 Full-time Outside Audit & Supervisory Board Member, the Company Mar 2025 Director, the Company Apr 2025 Director, Executive Officer, Head of Planning Division, the Company (current)
1964-02-16
Eiichi WAKABAYASHI
Outside Director
Jun 2009 Director, DOWA Electronics Okayama Co., Ltd. Sep 2010 Director, DOWA Management Service Co., Ltd. Apr 2012 General Manager, General Affairs and Legal Division, DOWA Holdings Co., Ltd.; Director, DOWA Electronics Co., Ltd. Mar 2018 Outside Director, the Company (current) Apr 2018 Executive Officer, Information Systems Division Manager, DOWA Holdings Co., Ltd. Apr 2018 President and Representative Director, DOWA Management Service Co., Ltd. (current) Apr 2021 Executive Officer, General Affairs and Legal Division Manager, Secretariat Manager and Information Systems Division Manager, DOWA Holdings Co., Ltd.; President and Representative Director, DOWA Kosan Co., Ltd. Jul 2022 Outside Audit & Supervisory Board Member, Kamijima Chemicals Co., Ltd. (current) Apr 2023 Executive Officer, General Affairs and Legal Division Manager, Secretariat Manager and DX Promotion Division Manager, DOWA Holdings Co., Ltd. (current)
1960-09-21
Kazuhide SAKURAI
Outside Director
Jun 2019 Executive Officer, Keikyu Corporation Apr 2022 Managing Executive Officer, Head of Railway Division, Keikyu Corporation; in charge of Shinagawa Development Promotion Office Jun 2022 Director, Managing Executive Officer, Keikyu Corporation (current) Sep 2022 In charge of Shinagawa Development Promotion Department, Life Business Creation Division, Keikyu Corporation Mar 2023 Outside Director, the Company (current) Apr 2023 General Manager, Life Business Creation Division, and in charge of Railway Division, Keikyu Corporation Apr 2025 General Manager, Life Business Creation Division, Keikyu Corporation (current)
1966-01-08
Hideo NUMAI
Outside Director
Apr 2013 Deputy General Manager, Engineering Division, Tokyo Kisen Co., Ltd. Jun 2017 Director, General Manager, Engineering Division, Tokyo Kisen Co., Ltd. Jun 2025 Director, Managing Executive Officer, General Manager, Engineering Division, Tokyo Kisen Co., Ltd. (current) Oct 2025 President and Representative Director, T-KOS Co., Ltd. (current) Mar 2026 Outside Director, the Company (current)
1964-12-21
Reiko TAKEICHI
Outside Director
Jul 2013 Director General, Private Schools Division, Tokyo Metropolitan Government Bureau of Citizens and Cultural Affairs Jul 2015 General Affairs Division Manager, Tokyo Metropolitan Government Bureau of Citizens and Cultural Affairs Apr 2017 Executive Member, Tokyo Metropolitan Government Bureau of Citizens and Cultural Affairs Apr 2018 Deputy Director General, Tokyo Metropolitan Government Bureau of Citizens and Cultural Affairs Jul 2020 Secretary General, Personnel Commission, Tokyo Metropolitan Government Oct 2021 Director General, Tokyo Metropolitan Government Bureau of Citizens and Cultural Affairs Apr 2022 Director General, Tokyo Metropolitan Government Bureau of Transportation Apr 2023 President and Representative Director, Hato Bus Co., Ltd. (current) May 2023 Director, Sea Line Tokyo Co., Ltd. (current) Mar 2026 Outside Director, the Company (current)
1962-11-25
Osamu FUJIMA
Full-time Audit & Supervisory Board Member
Jan 2003 Ship Department Manager, the Company Jun 2014 Internal Control Division Manager, the Company Apr 2016 General Affairs Division Manager, the Company Nov 2017 Passenger Division Sales Manager, the Company Oct 2018 President and Representative Director, Izu Islands Development Co., Ltd. Oct 2019 Managing Director, Tokyo Vente Anchor Cruise Co., Ltd. Mar 2020 President and Representative Director, Tokyo Vente Anchor Cruise Co., Ltd. Jan 2021 Internal Control Division Manager, the Company Oct 2021 Full-time Audit & Supervisory Board Member, the Company (current)
1957-01-30
Hiroyuki NOZAKI
Full-time Audit & Supervisory Board Member
Nov 2011 Shanghai Office Manager, China Sales Division, Fujita Kanko Inc. Aug 2012 Chairman and General Manager, Fujita (Shanghai) Business Consulting Co., Ltd. Sep 2015 Managing Director; Quality Control and Accounting Division Manager, Fairton Co., Ltd. Oct 2017 Business Planning Group Chief, Fujita Kanko Inc. Mar 2019 Executive Officer, in charge of Planning Group; Business Planning Group Chief, Fujita Kanko Inc. Jan 2020 Executive Officer, Planning Group Head; Business Planning Group Chief, Fujita Kanko Inc. Mar 2020 Director, in charge of Planning Division, Fujita Kanko Inc. Mar 2024 Executive Officer, Internal Audit Office Manager, Fujita Kanko Inc. Jan 2026 Internal Audit Office Manager, Fujita Kanko Inc. Mar 2026 Full-time Outside Audit & Supervisory Board Member, the Company (current)
1962-07-11
Hideto UDAGAWA
Audit & Supervisory Board Member
May 1996 Director, General Affairs Division Manager and Subsidiary Business Division Manager, Matsuya Co., Ltd. May 2001 Managing Director, General Affairs Division, General Affairs Department and Public Relations Department, Matsuya Co., Ltd. Mar 2005 Managing Director, Deputy Head of Sales Division and Head of External Sales Division, Matsuya Co., Ltd. Mar 2010 Chairman, Atable Matsuya Food Service Co., Ltd.; Chairman, Atable Green Restaurant Co., Ltd. Mar 2012 Outside Audit & Supervisory Board Member, the Company (current)
1948-07-09
Large Shareholding Reports
No filings
Disclosures
Executive Change
2026-10-05
Primary Source Filings
TDnet
2026-10-05
Executive Change
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-13
Q2 Earnings Flash
FY ending Dec 2026
EDINETAmended
2026-05-15
Amended Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-13
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-13
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-24
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-15
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-25
Annual Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-26
Annual Securities Report
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