Tokyo Kisen Co (TSE:9193) Gross Margin %: 17.51% (As of Mar. 2026) — Near Median

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TSE:9193 Tokyo Kisen Co Ltd TSE:9193
65 GF Score
Price 円881.00
GF Value 円758.53
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Tokyo Kisen Co Gross Margin %?

Tokyo Kisen Co TSE:9193 -0.56% 65 Gross Margin % is 17.51% as of Mar. 2026, which is 4% above its 10-year median of 16.91. GuruFocus rates TSE:9193 with a GF Score™ of 65/100 and a GF Value™ of 円758.53 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 981 Transportation companies, Tokyo Kisen Co ranks worse than 60.04% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Tokyo Kisen Co's Gross Profit for the six months ended in Mar. 2026 was 円1,109 Mil. Tokyo Kisen Co's Revenue for the six months ended in Mar. 2026 was 円6,332 Mil. Therefore, Tokyo Kisen Co's Gross Margin % for the quarter that ended in Mar. 2026 was 17.51%.


The historical rank and industry rank for Tokyo Kisen Co's Gross Margin % or its related term are showing as below:

TSE:9193' s Gross Margin % Range Over the Past 10 Years
Min: 11.17   Med: 16.91   Max: 23.08
Current: 16.53


During the past 13 years, the highest Gross Margin % of Tokyo Kisen Co was 23.08%. The lowest was 11.17%. And the median was 16.91%.

TSE:9193's Gross Margin % is ranked worse than
60.04% of 981 companies
in the Transportation industry
Industry Median: 20.37 vs TSE:9193: 16.53

Tokyo Kisen Co had a gross margin of 17.51% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tokyo Kisen Co was 6.20% per year.


Tokyo Kisen Co  (TSE:9193) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Tokyo Kisen Co had a gross margin of 17.51% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Tokyo Kisen Co Gross Margin % Related Terms


Tokyo Kisen Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for Tokyo Kisen Co's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tokyo Kisen Co Gross Margin % Chart

Tokyo Kisen Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.17 16.49 18.58 12.11 16.52

Tokyo Kisen Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.76 14.19 10.05 15.61 17.51

Tokyo Kisen Co Gross Margin % Competitor Comparison

For the Marine Shipping subindustry, Tokyo Kisen Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tokyo Kisen Co Gross Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Tokyo Kisen Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Tokyo Kisen Co's Gross Margin % falls into.


TSE:9193
65GF Score
Tokyo Kisen Co Ltd TSE:9193
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Kisen Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Tokyo Kisen Co's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=2172 / 13144.203
=(Revenue - Cost of Goods Sold) / Revenue
=(13144.203 - 10972.181) / 13144.203
=16.52 %

Tokyo Kisen Co's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1108.7 / 6331.853
=(Revenue - Cost of Goods Sold) / Revenue
=(6331.853 - 5223.123) / 6331.853
=17.51 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 17.51% mean?
Tokyo Kisen Co (TSE:9193) has a Gross Margin % of 17.51% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Tokyo Kisen Co and its competitors. This is near median its historical median of 16.91. Over the past decade, Tokyo Kisen Co's Gross Margin % has ranged from 11.17 to 23.08. According to the industry distribution chart, Tokyo Kisen Co ranks #589 out of 981 companies in the Transportation industry, placing it in the top 60%.
Is Tokyo Kisen Co's Gross Margin % too high?
Tokyo Kisen Co's current Gross Margin % of 17.51% is near median its 10-year median of 16.91. Over the past 10 years, this metric has ranged from a low of 11.17 to a high of 23.08. The Transportation industry median Gross Margin % is 20.37. Tokyo Kisen Co's value of 17.51% is 14% below this industry median. Based on the distribution chart, Tokyo Kisen Co ranks #589 out of 981 companies in the Transportation industry, which is below the industry midpoint. Overall, Tokyo Kisen Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Kisen Co's Gross Margin % compare to competitors?
According to the Transportation industry distribution chart, Tokyo Kisen Co ranks #589 out of 981 companies for Gross Margin %. This places Tokyo Kisen Co in the lower half of its industry. The industry median Gross Margin % is 20.37. Tokyo Kisen Co's value of 17.51% is 14% below this benchmark. Historically, Tokyo Kisen Co's own Gross Margin % has ranged from 11.17 to 23.08 over the past decade. While the company's 10-year median is 16.91 vs. the industry median of 20.37, Tokyo Kisen Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Transportation company?
The median Gross Margin % among Transportation companies is 20.37, based on 981 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokyo Kisen Co's current Gross Margin % of 17.51% is 14% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Tokyo Kisen Co and its competitors. For the Transportation industry, the median Gross Margin % is 20.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Kisen Co's current Gross Margin % is 17.51%, which is near median its own 10-year median of 16.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Kisen Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Kisen Co (TSE:9193) is currently considered Modestly Overvalued. The stock's GF Value™ is 円758.53, compared to a current price of 円881.00 — trading 16.1% above its estimated fair value. The current Gross Margin % is 17.51%, which is near median its 10-year median of 16.91 and 14% below the Transportation industry median of 20.37. Tokyo Kisen Co's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Tokyo Kisen Co (TSE:9193), the current Gross Margin % is 17.51% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tokyo Kisen Co (TSE:9193) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Kisen Co stock appears to be overvalued. The current stock price of 円881.00 is trading 16.1% above its estimated GF Value™ of 円758.53. GuruFocus considers Tokyo Kisen Co to be Modestly Overvalued.

Key valuation signals for TSE:9193:

  • Gross Margin %: 17.51% (near median its 10-year median of 16.91)
  • GF Value™: 円758.53 vs. price of 円881.00 (16.1% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 14% below the Transportation median (#589 of 981)

No single metric tells the full story. See the TSE:9193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyo Kisen Co Business Description

Address No.2 Yamashita-cho, Naka-ku, Industry & Trade Center Building, Yokohama, JPN, 231-0023
Tokyo Kisen Co Ltd is a Japan-based company providing maritime safety services. The services offered by the company include harbor towage services, escort tug services, and emergency support and disaster prevention services like container ships, crude oil tankers, LNG carriers, LPG carriers, bulk carriers, car carriers, and iron ore carriers.
65GF Score

Get the complete analysis for TSE:9193

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円881.00
Price
円758.53
GF Value