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Japan Logistics Fund
(8967)
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Rating:68Neutral
Price Target:
¥105,015
▼(-0.93% Downside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid financial performance with very strong profitability and improving FY2025 growth, tempered by cash flow volatility and sizable debt. Technical indicators add support with positive momentum and no clear overbought signals. Valuation is balanced: a strong dividend yield helps, but the P/E is not particularly cheap.
Positive Factors
High and durable profitability margins
Japan Logistics Fund’s very high net and EBIT margins reflect stable, lease-driven cash flows and low operating variability typical of long‑term logistics leases. Sustained margin levels support resilient distributions, internal capital for selective reinvestment, and buffer against cyclical rent pressures.
Negative Factors
Large absolute debt and rate sensitivity
While leverage ratios are within industry norms, sizable absolute debt exposes the REIT to interest‑rate and market funding shifts. A sustained rise in borrowing costs or tighter capital markets could compress distributable income and constrain acquisition capacity until debt is reduced or refinanced on similar terms.
Read all positive and negative factors
Positive Factors
Negative Factors
High and durable profitability margins
Japan Logistics Fund’s very high net and EBIT margins reflect stable, lease-driven cash flows and low operating variability typical of long‑term logistics leases. Sustained margin levels support resilient distributions, internal capital for selective reinvestment, and buffer against cyclical rent pressures.
Read all positive factors
Japan Logistics Fund (8967) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥271.57B
Dividend Yield4.72%
Average Volume (3M)3.88K
Price to Earnings (P/E)21.8
Beta (1Y)0.21
Revenue Growth18.49%
EPS Growth18.14%
CountryJP
Employees33
SectorGeneral
Sector StrengthN/A
IndustryREIT - Industrial
Share Statistics
EPS (TTM)4546.89
Shares Outstanding2,745,869
10 Day Avg. Volume3,021
30 Day Avg. Volume3,882
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)1.19
Price to Sales (P/S)7.79
P/FCF Ratio12.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4,034.72
Revenue Forecast (FY)¥22.11B
Japan Logistics Fund Business Overview & Revenue Model
Company Description
The Japan Logistics Fund (JLF) is notable as the first J-REIT dedicated solely to logistics properties. Its investment portfolio consists of real estate and other assets used for logistics facilities, primarily located in the Tokyo Metropolitan, K...
How the Company Makes Money
Japan Logistics Fund makes money primarily by owning logistics properties and earning rental income from leasing those facilities to tenants. Its core revenue stream is lease revenue (base rent) under long-term or fixed-term lease agreements, whic...
Japan Logistics Fund Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.80B | 21.45B | 20.86B | 20.30B | 18.88B | 18.27B |
| Gross Profit | 12.07B | 11.95B | 13.22B | 10.70B | 11.83B | 10.66B |
| EBITDA | 17.09B | 15.35B | 14.70B | 14.24B | 13.67B | 13.14B |
| Net Income | 12.51B | 10.72B | 10.18B | 9.52B | 9.04B | 8.03B |
Balance Sheet | ||||||
| Total Assets | 274.14B | 272.21B | 273.83B | 274.67B | 273.79B | 259.43B |
| Cash, Cash Equivalents and Short-Term Investments | 17.85B | 11.44B | 10.91B | 10.09B | 7.92B | 7.05B |
| Total Debt | 121.10B | 119.70B | 119.70B | 119.70B | 119.70B | 114.70B |
| Total Liabilities | 133.15B | 131.37B | 130.89B | 131.24B | 130.71B | 125.04B |
| Stockholders Equity | 140.98B | 140.84B | 142.94B | 143.33B | 143.07B | 134.39B |
Cash Flow | ||||||
| Free Cash Flow | 12.47B | 13.45B | 11.50B | 11.90B | -3.81B | 4.94B |
| Operating Cash Flow | 18.50B | 17.78B | 14.62B | 14.76B | 12.82B | 10.99B |
| Investing Cash Flow | -6.28B | -4.35B | -3.26B | -2.87B | -16.09B | -6.12B |
| Financing Cash Flow | -11.13B | -14.21B | -10.61B | -9.52B | 4.52B | -13.25B |
Japan Logistics Fund Technical Analysis
Neutral
106000.00
Price Trends
93378.34
Positive
94111.41
Positive
96278.01
Negative
Market Momentum
1132.40
Positive
49.36
Neutral
5.62
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8967, the sentiment is Neutral. The current price of 106000 is above the 20-day moving average (MA) of 96970.96, above the 50-day MA of 93378.34, and above the 200-day MA of 96278.01, indicating a neutral trend. The MACD of 1132.40 indicates Positive momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 5.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8967.
Japan Logistics Fund Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥271.57B | 21.75 | 8.89% | 3.87% | 18.49% | 18.14% | |
68 Neutral | ¥265.04B | 21.86 | 6.03% | 5.26% | 17.43% | 3.09% | |
68 Neutral | ¥695.67B | 22.47 | ― | 4.76% | 29.96% | 8.18% | |
68 Neutral | ¥760.05B | 25.55 | ― | 4.10% | 9.45% | 7.63% | |
64 Neutral | ¥184.88B | 24.23 | ― | 4.68% | -25.75% | -19.38% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8967
Japan Logistics Fund
96,000.00
5,134.01
5.65%
JP:3466
LaSalle LOGIPORT REIT
149,100.00
9,098.84
6.50%
JP:3281
GLP J-REIT
141,500.00
11,924.34
9.20%
JP:3283
Nippon Prologis REIT, Inc.
87,300.00
7,953.90
10.02%
JP:3471
Mitsui Fudosan Logistics Park, Inc.
106,200.00
6,058.09
6.05%
JP:3481
Mitsubishi Estate Logistics REIT Investment Corp.
120,000.00
2,811.73
2.40%
Japan Logistics Fund Corporate Events
Japan Logistics Fund Completes Phase-Two Asset Swap in Logistics Portfolio
Aug 3, 2026
Japan Logistics Fund has completed an asset swap involving the acquisition of a 33% quasi-co-ownership interest in Funabashi Nishiura Logistics Center III and the disposition of an 18% quasi-co-ownership interest in Ichikawa Logistics Center II. T...
Japan Logistics Fund Secures New ¥12.5 Billion Credit Lines Ahead of Facility Expiry
Jul 30, 2026
Japan Logistics Fund, Inc. has arranged new commitment line agreements with Sumitomo Mitsui Trust Bank and MUFG Bank to replace an existing ¥12.5 billion facility expiring on July 31, 2026. The new lines total ¥12.5 billion, run for thre...
Japan Logistics Fund Launches Unit Buyback and Cancellation to Lift Per-Unit Returns
Jul 30, 2026
Japan Logistics Fund, Inc., a logistics-focused real estate investment trust managed by Mitsui Co., Logistics Partners, invests in Japanese warehouse and distribution centers to generate stable rental income. The REIT targets growth in funds from...
Japan Logistics Fund Acquires Silent Partnership Stake in Four Logistics Assets
Jun 26, 2026
Japan Logistics Fund, Inc. has decided to acquire a silent partnership equity interest backed by trust beneficiary rights in four domestic logistics properties, including centers in Sapporo, Narita, Ichinomiya and Shin-Kiba. The investment totals ...
Japan Logistics Fund Updates Senior Management at Asset Manager
Jun 22, 2026
Japan Logistics Fund, Inc., a logistics-focused real estate investment trust managed by Mitsui Co., Logistics Partners Ltd., has announced a series of senior management changes at its asset management company. The adjustments affect key leadershi...
Japan Logistics Fund Sells Two Logistics Centers to Accelerate Capital Recycling
May 27, 2026
Japan Logistics Fund, Inc., a logistics-focused real estate investment trust managed by Mitsui Co., Logistics Partners, plans to dispose of two logistics assets: Urayasu Chidori Logistics Center III and Kawasaki Logistics Center. The Urayasu prop...
Japan Logistics Fund Raises Earnings and Distribution Forecasts on Asset Sales
May 27, 2026
Japan Logistics Fund revised upward its operating and distribution forecasts for the six-month periods ending July 31, 2026 and January 31, 2027. The revisions reflect higher expected operating revenue, income and net income per unit, leading to i...
Japan Logistics Fund Sells Logistics Assets and Lifts Long‑Term Growth Targets
May 27, 2026
Japan Logistics Fund announced the planned disposition of real estate trust beneficiary rights in two key assets, the Urayasu Chidori Logistics Center III and the Kawasaki Logistics Center. The move is positioned as part of a capital recycling str...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.