Japan Logistics Fund (8967) AI Stock Analysis

• Market Cap: ¥291.09B
• Dividend Yield: 3.87%
• Average Volume (3M): 3.88K
• Price to Earnings (P/E): 25.5
• Beta (1Y): 0.27
• Revenue Growth: 27.77%
• EPS Growth: 14.16%
• Country: JP
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 2214.00
• Shares Outstanding: 2,746,163
• 10 Day Avg. Volume: 3,021
• 30 Day Avg. Volume: 3,882
• PEG Ratio: 0.27
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 7.79
• P/FCF Ratio: 11.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥109,188 ▲(3.01% Upside)

Japan Logistics Fund's strong financial performance is the most significant factor, supported by robust revenue growth and profitability. The technical analysis suggests neutral momentum with potential for a rebound, while the valuation indicates a high P/E ratio offset by an attractive dividend yield. The absence of earnings call and corporate events data did not impact the score.

Positive Factors

Revenue Growth

The consistent revenue growth of 6.28% indicates a robust demand for logistics facilities, driven by e-commerce trends, supporting long-term stability.

Cash Generation

Efficient cash generation supports ongoing operations and potential expansion, enhancing financial flexibility and resilience.

Market Position

Strategic location of logistics facilities optimizes supply chain efficiency, reinforcing its competitive advantage in the logistics sector.

Negative Factors

Rising Costs

Decreasing gross profit margins suggest rising costs or pricing pressures, which could impact future profitability if not managed.

Cost Management

Improving cost management is crucial to maintain high profitability margins and sustain long-term financial health.

Operating Cash Flow

A lower operating cash flow to net income ratio indicates potential inefficiencies in converting income to cash, which may affect liquidity.

Japan Logistics Fund Business Overview & Revenue Model

Company Description

JLF is the first J- REIT dedicated to "logistics properties" with real estate and other assets used for logistic facilities primarily in the Tokyo Metropolitan, Kinki, Chubu and Kyushu areas as investment targets. Based on the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951; including revisions enforced thereafter) (hereinafter, "the Investment Trust Act"), JLF was founded on February 22, 2005 with Mitsui & Co., Logistics Partners Ltd. as the founding planner, and was listed on the REIT section of the Tokyo Stock Exchange, Inc. (hereinafter, "Tokyo Stock Exchange") on May 9 of the same year (security code: 8967).

How the Company Makes Money

Japan Logistics Fund generates revenue primarily through rental income from its logistics properties. The fund leases its facilities to various tenants, including major logistics companies and retailers, which pay regular rent for the use of the spaces. The rental agreements are typically long-term, providing stable cash flow. Additionally, the fund may benefit from property value appreciation over time, leading to potential capital gains upon sale or refinancing of assets. Significant partnerships with logistics and e-commerce companies enhance its tenant base and contribute to steady occupancy rates, further solidifying its revenue streams.

Japan Logistics Fund Financial Statement Overview

Summary

Japan Logistics Fund demonstrates strong financial health with consistent revenue growth and high profitability margins. The balance sheet reflects a stable leverage position, while cash flow metrics indicate efficient cash generation and growth. The company is well-positioned in its industry, though attention to cost management could further enhance profitability.

Income Statement

The company shows a solid revenue growth rate of 6.28% in the latest period, with strong net profit and EBIT margins at 49.99% and 54.07% respectively, indicating high profitability. However, the gross profit margin has decreased compared to previous periods, which could indicate rising costs or pricing pressures.

Balance Sheet

The debt-to-equity ratio is relatively stable at 0.85, suggesting a balanced approach to leveraging. Return on equity is moderate at 7.61%, reflecting decent profitability relative to shareholder equity. The equity ratio stands at 51.73%, indicating a healthy proportion of equity financing.

Cash Flow

The company exhibits strong free cash flow growth of 21.62%, and a robust free cash flow to net income ratio of 0.81, highlighting efficient cash generation. The operating cash flow to net income ratio is slightly below 1, suggesting room for improvement in converting income to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.98B	21.45B	20.86B	20.30B	18.88B	18.27B
Gross Profit	13.33B	11.95B	13.22B	10.70B	11.83B	10.66B
EBITDA	16.79B	15.35B	14.70B	14.24B	13.67B	13.14B
Net Income	11.50B	10.72B	10.18B	9.52B	9.04B	8.03B
Balance Sheet
Total Assets	271.62B	272.21B	273.83B	274.67B	273.79B	259.43B
Cash, Cash Equivalents and Short-Term Investments	9.84B	11.44B	10.91B	10.09B	7.92B	7.05B
Total Debt	119.70B	119.70B	119.70B	119.70B	119.70B	114.70B
Total Liabilities	131.28B	131.37B	130.89B	131.24B	130.71B	125.04B
Stockholders Equity	140.34B	140.84B	142.94B	143.33B	143.07B	134.39B
Cash Flow
Free Cash Flow	14.51B	13.99B	11.50B	10.80B	-3.81B	4.93B
Operating Cash Flow	17.78B	17.25B	14.62B	13.21B	12.82B	10.99B
Investing Cash Flow	-4.35B	-4.35B	-3.26B	-18.15B	-16.09B	-6.12B
Financing Cash Flow	-14.21B	-14.21B	-10.61B	4.24B	4.52B	-13.25B

Japan Logistics Fund Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 106000.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8967, the sentiment is Positive. The current price of 106000 is above the 20-day moving average (MA) of 104515.00, above the 50-day MA of 103172.00, and above the 200-day MA of 96065.96, indicating a bullish trend. The MACD of 963.08 indicates Negative momentum. The RSI at 64.43 is Neutral, neither overbought nor oversold. The STOCH value of 71.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8967.

Japan Logistics Fund Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3283	76 Outperform	¥817.10B	29.38	―	4.10%	12.04%	12.83%
2979	74 Outperform	¥97.27B	25.82	―	4.83%	35.57%	4.25%
3481	68 Neutral	¥202.26B	23.88	―	4.68%	22.29%	0.88%
8967	66 Neutral	¥291.09B	25.52	8.35%	3.87%	27.77%	14.16%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Japan Logistics Fund Corporate Events

Japan Logistics Fund Ends Buyback with No Units Repurchased, Keeps Earnings Outlook Unchanged

Japan Logistics Fund, Inc. (JLF) reported that its investment units buyback program, conducted between September 16 and December 30, 2025 through market purchases on the Tokyo Stock Exchange, resulted in no units being repurchased, as the market price remained above the pre-set level at which JLF was prepared to buy. Consequently, the planned cancellation of all units acquired under this program, originally scheduled for January 30, 2026, will not take place, and the total number of issued investment units remains unchanged at 2,746,163. JLF also confirmed that the outcome of the buyback program does not affect its previously announced earnings forecasts for the six-month periods ending January 31, 2026 and July 31, 2026, indicating no immediate impact on its financial outlook or distribution plans for unitholders.

The most recent analyst rating on (JP:8967) stock is a Hold with a Yen109188.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Details Ongoing Unit Buyback and Cancellation Program

Japan Logistics Fund has outlined the status and structure of its ongoing investment unit buyback and cancellation program, conducted under provisions of Japan’s Act on Investment Trusts and Investment Corporations. The REIT completed five earlier buyback phases totaling ¥9.515 billion and 115,618 units, equivalent to 4.2% of units outstanding, but has made no purchases so far in the sixth phase (up to ¥4 billion and 44,000 units) as unit prices have recovered, indicating the manager is preserving capacity for more attractive valuation levels. A seventh buyback phase, running from January 5 to March 31, 2026, authorizes up to ¥1.5 billion or 16,000 units (0.6% of outstanding units), and the fund has shifted from a two-tiered to a one-tiered program, signaling a more streamlined capital management framework aimed at enhancing capital efficiency and supporting unitholder value while remaining disciplined on pricing.

The most recent analyst rating on (JP:8967) stock is a Hold with a Yen109188.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Launches New Buyback and Cancellation Program to Lift Unitholder Value

Japan Logistics Fund has approved a new buyback and cancellation program for its investment units in response to units trading below net asset value and the limited execution of an earlier repurchase authorization. The REIT plans to repurchase up to 16,000 units, or 0.58% of outstanding units (excluding treasury units), for up to ¥1.5 billion between January 5 and March 31, 2026, and to cancel all units acquired by fiscal period-ends in January and July 2026. Framed as part of its capital recycling strategy alongside recent asset disposals and reinvestments, the move is intended to support its distribution-per-unit target of at least ¥2,150, deliver annual FFO-per-unit growth of 2.2% or more, and ultimately improve cost of capital and medium- to long-term unitholder value by reducing the number of units outstanding.

The most recent analyst rating on (JP:8967) stock is a Hold with a Yen109188.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Locks In 10-Year, ¥1 Billion Loan at 2.11%

Japan Logistics Fund, Inc. has finalized the borrowing terms for a previously announced loan, securing 1 billion yen in long-term financing from The Musashino Bank, Ltd. at a fixed interest rate of 2.11% for 10 years, with drawdown on December 25, 2025 and repayment scheduled for December 25, 2035. The move underscores the REIT’s use of stable, long-dated debt to support its logistics real estate portfolio and may help lock in funding costs over a decade, which is significant for investors monitoring interest-rate risk and balance-sheet stability in Japan’s logistics property sector.

The most recent analyst rating on (JP:8967) stock is a Hold with a Yen109188.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Refinances Maturing Bond with New Long-Term Bank Loans

Japan Logistics Fund has arranged two new bank loans totaling ¥2 billion from Daishi Hokuetsu Bank and The Musashino Bank to help fund the redemption of a ¥3 billion investment corporation bond maturing on December 26, 2025. The new borrowings, which are unsecured and long term with maturities extending to 2032 and 2035, will reduce the REIT’s total interest-bearing debt by ¥1 billion and shift part of its funding structure from bonds to loans, slightly lengthening debt duration while leaving the balance of its green loans and green bonds unchanged, with no reported change to its disclosed risk profile.

The most recent analyst rating on (JP:8967) stock is a Hold with a Yen109188.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Announces Auditor Change at Asset Manager Mitsui & Co. Logistics Partners

Japan Logistics Fund, Inc. announced a change in the auditor lineup at its asset management company, Mitsui & Co., Logistics Partners Ltd., with seasoned Mitsui executive Yoshimichi Hara to be appointed as part-time auditor effective January 1, 2026, subject to approval at the December 25 shareholders’ meeting. Incumbent part-time auditor Jun Notoya will resign effective December 31, 2025, and the asset manager plans to complete all required notifications and procedures under Japan’s financial and real estate regulations, signaling a routine governance update rather than a shift in business strategy.

The most recent analyst rating on (JP:8967) stock is a Hold with a Yen109188.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Revises Forecasts Amid Strategic Asset Adjustments

Japan Logistics Fund has revised its operating and distribution forecasts for the six-month period ending January 2026, reflecting changes in its asset portfolio. The adjustments, which include the disposal of the Kadoma Logistics Center and acquisition of a stake in the Ishikari Logistics Center, indicate a strategic shift aimed at optimizing asset performance and enhancing investor returns.

The most recent analyst rating on (JP:8967) stock is a Hold with a Yen109188.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Optimizes Portfolio with Strategic Asset Transactions

Japan Logistics Fund, Inc. announced the acquisition of a 45% quasi-co-ownership interest in the Ishikari Logistics Center and the disposition of the Kadoma Logistics Center. This strategic transaction is expected to optimize the company’s asset portfolio, potentially enhancing operational efficiencies and financial performance by reallocating resources to more lucrative investments.

The most recent analyst rating on (JP:8967) stock is a Hold with a Yen109188.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Secures Loans for Strategic Asset Acquisition

Japan Logistics Fund, Inc. has announced plans to raise funds through bank loans to acquire a 45% quasi-co-ownership interest in the Ishikari Logistics Center and to redeem maturing investment corporation bonds. This move is expected to enhance JLF’s asset portfolio and strengthen its position in the logistics real estate sector, potentially benefiting stakeholders by increasing the fund’s asset base and improving financial flexibility.

The most recent analyst rating on (JP:8967) stock is a Hold with a Yen109188.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Reports No Buybacks in November 2025

Japan Logistics Fund, Inc. announced that no investment units were repurchased under its buyback program in November 2025. Despite a board resolution allowing for the repurchase of up to 44,000 units, no transactions were completed, which may impact the company’s market strategy and investor relations.

The most recent analyst rating on (JP:8967) stock is a Buy with a Yen106000.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Announces New Loan to Manage Debt

Japan Logistics Fund, Inc. has announced a decision to raise capital through new bank loans to repay existing loans due on November 28, 2025. This move is part of their financial strategy to manage debt efficiently without altering the total interest-bearing debt, maintaining stability in their financial operations.

The most recent analyst rating on (JP:8967) stock is a Buy with a Yen106000.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.

Japan Logistics Fund Reports No Buyback Activity in October

Japan Logistics Fund, Inc. announced that no investment units were repurchased under its buyback program in October 2025, despite a plan to buy back up to 44,000 units by the end of December 2025. This lack of activity in the buyback program may impact investor perceptions and could influence the company’s market positioning and stakeholder confidence.

The most recent analyst rating on (JP:8967) stock is a Buy with a Yen106000.00 price target. To see the full list of analyst forecasts on Japan Logistics Fund stock, see the JP:8967 Stock Forecast page.