Meiji Shipping Co., Ltd. logo

Meiji Shipping Co., Ltd.

9115.T

JPXIndustrialsIntegrated Freight & Logistics

Latest quote

¥1,327

+¥198 · +17.54%

Aug 24, 3:30 PM JST

9115.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Meiji Shipping Co., Ltd., established in Kobe, Japan, in 1911, operates globally through its diverse business portfolio encompassing International Shipping, Hotel-Related Services, and Real Estate Leasing. The company's primary maritime division owns and manages a broad fleet of vessels, including crude and refined oil tankers, carriers for liquefied natural gas (LNG) and petroleum gas (LPG), as well as car, chip, and various bulk carriers. These vessels are predominantly utilized under time charter arrangements with other shipping firms. Beyond asset ownership, Meiji Shipping delivers a comprehensive array of maritime services, such as ship management, related transaction support, construction supervision, remodeling, inspection services, business planning, ship finance, and commercial management. It also focuses on seafarer manning and training, providing IT solutions for vessels, and marketing marine equipment and parts. Further diversifying its operations, the company is involved in building operations and management, and operates nursery schools. Its real estate activities include housing rentals and the development of office buildings. Additionally, Meiji Shipping offers various specialized services, suchch as sales of machinery for ships and ports, tugboat operations, non-life and cancer insurance agency, freight forwarding, and catering. Its hospitality sector features hotels, resorts, Chinese and Japanese restaurants, and a golf course.

Industry
Integrated Freight & Logistics
Sector
Industrials
Headquarters
JP
CEO
Takaya Uchida
Listed since
Jan 1, 2001
Employees
634

Market position

Day range

Current ¥1,327

52-week range

Current ¥1,327

Open
¥1,130
Previous close
¥1,129
Volume
426.1K
6.9× average
Average volume
61.77K
Average daily volume
Market cap
45.19B JPY
Beta
-0.07
Market reference 1
50-day average
¥857.42
+54.77% above average
200-day average
¥898.58
+47.68% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
146.85B JPY
P/E (TTM)
19.51×
P/B (TTM)
0.82×
P/S (TTM)
0.74×
EV / EBITDA
4.71×
Earnings yield
9.41%
Free cash flow yield
8.67%
Dividend yield
0.38%

Profitability & efficiency

Gross margin
14.12%
Operating margin
4.29%
Net margin
3.78%
Return on equity
8.09%
Return on assets
1.47%
Return on invested capital
1.02%

Financial health

Debt / equity
2.77×
Current ratio
1.11×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends27%19%10%2%Gross margin, FY2021: 18.49%Gross margin, FY2022: 22.67%Gross margin, FY2023: 25.18%Gross margin, FY2024: 24.28%Gross margin, FY2025: 15.65%Operating margin, FY2021: 9.61%Operating margin, FY2022: 15.10%Operating margin, FY2023: 17.53%Operating margin, FY2024: 16.31%Operating margin, FY2025: 6.05%Net margin, FY2021: 7.15%Net margin, FY2022: 11.09%Net margin, FY2023: 7.98%Net margin, FY2024: 4.16%Net margin, FY2025: 7.04%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.49%. Gross margin FY2022 22.67%. Gross margin FY2023 25.18%. Gross margin FY2024 24.28%. Gross margin FY2025 15.65%. Operating margin FY2021 9.61%. Operating margin FY2022 15.10%. Operating margin FY2023 17.53%. Operating margin FY2024 16.31%. Operating margin FY2025 6.05%. Net margin FY2021 7.15%. Net margin FY2022 11.09%. Net margin FY2023 7.98%. Net margin FY2024 4.16%. Net margin FY2025 7.04%.

Income trends

Revenue

61.27B JPY-9.29%

Operating income

3.71B JPY-66.34%

Net income

4.31B JPY+53.42%
Income trends across reported periods74.02B JPY48.12B JPY22.23B JPY−3.66B JPYRevenue, FY2021: 45.82B JPYRevenue, FY2022: 58.06B JPYRevenue, FY2023: 65.02B JPYRevenue, FY2024: 67.54B JPYRevenue, FY2025: 61.27B JPYOperating income, FY2021: 4.4B JPYOperating income, FY2022: 8.76B JPYOperating income, FY2023: 11.4B JPYOperating income, FY2024: 11.01B JPYOperating income, FY2025: 3.71B JPYNet income, FY2021: 3.28B JPYNet income, FY2022: 6.44B JPYNet income, FY2023: 5.19B JPYNet income, FY2024: 2.81B JPYNet income, FY2025: 4.31B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 45.82B JPY. Revenue FY2022 58.06B JPY. Revenue FY2023 65.02B JPY. Revenue FY2024 67.54B JPY. Revenue FY2025 61.27B JPY. Operating income FY2021 4.4B JPY. Operating income FY2022 8.76B JPY. Operating income FY2023 11.4B JPY. Operating income FY2024 11.01B JPY. Operating income FY2025 3.71B JPY. Net income FY2021 3.28B JPY. Net income FY2022 6.44B JPY. Net income FY2023 5.19B JPY. Net income FY2024 2.81B JPY. Net income FY2025 4.31B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue61.27B JPY67.54B JPY65.02B JPY58.06B JPY45.82B JPY
Cost of goods sold51.68B JPY51.14B JPY48.65B JPY44.9B JPY37.34B JPY
Gross profit9.59B JPY16.4B JPY16.37B JPY13.16B JPY8.47B JPY
Selling, general, and administrative5.88B JPY5.39B JPY4.97B JPY4.4B JPY4.07B JPY
Operating expenses5.88B JPY5.39B JPY4.97B JPY4.4B JPY4.07B JPY
Interest income1.6B JPY1.23B JPY619.98M JPY236.67M JPY47.04M JPY
Interest expense3.85B JPY4.62B JPY4.44B JPY2.84B JPY2.06B JPY
Depreciation and amortization15.63B JPY16.88B JPY17.28B JPY16.63B JPY15.07B JPY
Operating income3.71B JPY11.01B JPY11.4B JPY8.76B JPY4.4B JPY
Net income4.31B JPY2.81B JPY5.19B JPY6.44B JPY3.28B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
26.42

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates92.4757.9723.47-11.03Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual -3.89, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 16.39, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 43.77, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 30, 2025: actual 85.33, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual -2.37, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 47.44, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual -3.51, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 29, 2026: actual 26.42, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates19.84B17.8B15.77B13.73BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 16.93B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 15.57B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 19.08B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 30, 2025: actual 15.37B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 14.49B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 15.48B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 15.93B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 29, 2026: actual 15.46B JPY, estimate —, surprise —, Comparison unavailable.

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