Nanso Transport Co., Ltd. (9034) AI Stock Analysis

• Market Cap: ¥17.24B
• Dividend Yield: 3.37%
• Average Volume (3M): 3.66K
• Price to Earnings (P/E): 12.5
• Beta (1Y): 0.49
• Revenue Growth: 3.18%
• EPS Growth: -23.51%
• Country: JP
• Employees: 909
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 35.24
• Shares Outstanding: 10,000,000
• 10 Day Avg. Volume: 4,340
• 30 Day Avg. Volume: 3,656
• PEG Ratio: -0.60
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.67
• P/FCF Ratio: 19.12
• 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: 77 Outperform
• Price Target: ¥1,961.00 ▲(34.96% Upside)
• Action: Reiterated Date: 10/23/25
• Date: Action: Reiterated 10/23/25

Nanso Transport Co., Ltd. benefits from strong technical indicators and attractive valuation, which are the most significant factors driving the score. While financial performance is stable, improvements in profitability and cash flow could enhance the outlook further.

Positive Factors

Strong balance sheet

A high equity ratio and reduced leverage provide durable financial flexibility: supports capital expenditure, dividend payouts and borrowing access during downturns. Lower financial risk also reduces refinancing pressure and preserves investment capacity over the next several quarters.

Consistent revenue and solid margins

Sustained revenue growth with double-digit EBIT margin indicates structural operational efficiency and pricing power in logistics. Healthy gross and EBIT margins create a buffer against input cost volatility and support long-term reinvestment in network and service capabilities.

Positive free cash flow

A shift to positive free cash flow after prior negatives demonstrates improving cash conversion and internal funding capacity. Moderate FCF-to-income shows room to strengthen cash generation, enabling sustainable dividends, modest buybacks, or debt reduction over the medium term.

Negative Factors

Declining operating cash flow

A 21% decline in operating cash flow signals potential working-capital stress or lower cash margins, which can constrain liquidity and limit the company's ability to self-fund capex or dividends if the trend continues. This weakness may require management action to normalize cash conversion.

Falling net profit margin

A decline in net margin erodes earnings quality and retained earnings growth. If cost pressures or pricing compression persist, lower net profitability reduces funds available for reinvestment and shareholder returns, and can pressure long-term return metrics and strategic flexibility.

Reduced returns and EPS headwinds

Lower ROE and negative EPS growth reflect weakening efficiency in converting equity into profits. Persisting declines can undermine capital allocation effectiveness and make it harder to grow book value or sustain payouts, reducing long-term shareholder value creation.

Nanso Transport Co., Ltd. Business Overview & Revenue Model

Company Description

Nanso Transport Co., Ltd. (9034) is a leading logistics and transportation company based in Japan, specializing in the movement of goods across various sectors including freight, warehousing, and supply chain management. The company offers a comprehensive range of services, including trucking, shipping, and logistics solutions tailored to meet the needs of its diverse clientele, which spans manufacturing, retail, and e-commerce industries.

How the Company Makes Money

Nanso Transport Co., Ltd. generates revenue through multiple streams, primarily by charging fees for its transportation services, including freight forwarding, long-haul trucking, and local delivery. The company also earns money from warehousing services, where clients pay for storage space and inventory management. Key revenue partnerships with major corporations and e-commerce platforms enhance its service offerings and enable it to capture a larger market share. Additionally, Nanso may benefit from long-term contracts with clients that provide steady income and contribute to its financial stability.

Nanso Transport Co., Ltd. Financial Statement Overview

Summary

Nanso Transport Co., Ltd. shows strong revenue growth and a solid equity position, indicating financial stability. However, the decline in net profit margins and operating cash flow suggests areas for improvement.

Income Statement

Nanso Transport Co., Ltd. has demonstrated consistent revenue growth, with a revenue growth rate of 4.05% from 2024 to 2025. The gross profit margin for 2025 is 18.18%, indicating solid profitability. However, the net profit margin dropped to 8.51% from 10.23% the previous year, reflecting a decrease in net income. Despite this, the EBIT margin remains strong at 12.59%.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 65.64% in 2025, reflecting financial stability. The debt-to-equity ratio has improved to 0.35, indicating prudent financial leverage. However, the return on equity decreased to 6.24% from 7.31% in 2024, suggesting reduced efficiency in generating profits from shareholders' equity.

Cash Flow

Operating cash flow has decreased by 21.17% from the previous year, which may impact liquidity. Free cash flow, however, showed a positive change from negative in previous years to a positive 564.69 million yen in 2025. The free cash flow to net income ratio stands at 0.41, indicating moderate cash generation relative to net income.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	16.17B	16.11B	15.48B	14.42B	14.30B	13.38B
Gross Profit	2.90B	2.93B	2.77B	2.43B	2.31B	2.12B
EBITDA	3.17B	3.16B	3.39B	2.63B	2.59B	2.17B
Net Income	1.34B	1.37B	1.58B	1.08B	1.03B	745.51M
Balance Sheet
Total Assets	33.85B	33.47B	35.18B	34.76B	32.91B	31.72B
Cash, Cash Equivalents and Short-Term Investments	4.15B	3.83B	5.77B	4.69B	4.51B	3.54B
Total Debt	7.89B	7.78B	9.32B	10.45B	9.75B	8.61B
Total Liabilities	11.72B	11.49B	13.52B	14.34B	13.21B	12.82B
Stockholders Equity	22.12B	21.98B	21.66B	20.42B	19.70B	18.89B
Cash Flow
Free Cash Flow	0.00	564.69M	1.96B	-172.43M	-9.14M	-2.04B
Operating Cash Flow	0.00	2.03B	2.57B	2.14B	1.80B	1.79B
Investing Cash Flow	0.00	-1.34B	8.31M	-2.31B	-1.79B	-3.79B
Financing Cash Flow	0.00	-2.60B	-1.50B	344.51M	959.61M	1.41B

Nanso Transport Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1453.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9034, the sentiment is Positive. The current price of 1453 is below the 20-day moving average (MA) of 1669.90, below the 50-day MA of 1634.12, and below the 200-day MA of 1459.90, indicating a bullish trend. The MACD of 33.92 indicates Negative momentum. The RSI at 74.50 is Negative, neither overbought nor oversold. The STOCH value of 84.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9034.

Nanso Transport Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9306	80 Outperform	¥14.44B	10.20	―	3.04%	4.45%	29.58%
9034	77 Outperform	¥17.24B	12.52	―	3.37%	3.18%	-23.51%
9051	76 Outperform	¥7.55B	22.88	―	1.05%	2.07%	-29.13%
9312	74 Outperform	¥21.87B	8.79	―	2.46%	7.13%	16.09%
9351	73 Outperform	¥16.05B	10.56	―	3.85%	4.96%	38.47%
9311	71 Outperform	¥13.23B	8.18	―	1.68%	-0.59%	75.89%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%