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

• Market Cap: ¥15.84B
• Dividend Yield: 3.37%
• Average Volume (3M): 3.66K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 0.52
• 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: ¥1,956.00 ▲(34.62% 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 equity position & lower leverage

A high equity ratio and a low, improving debt-to-equity position provide durable financial flexibility. This capital structure reduces refinancing risk, supports investment or counter-cyclical spending, and makes the firm more resilient to industry downturns over the medium term.

Consistent revenue growth with solid margins

Sustained top-line expansion combined with a healthy gross and EBIT margin indicates stable core operations and pricing power. These margins support long-term profitability even if volumes fluctuate, reflecting competitive positioning in integrated freight and logistics services.

Return to positive free cash flow

Conversion to positive free cash flow marks an important structural improvement in cash generation. Positive FCF enhances the company's ability to fund capex, pay dividends or reduce debt, strengthening long-term financial sustainability despite operating cash variability.

Negative Factors

Declining net margin and ROE

Falling net margins and declining return on equity signal reduced profitability efficiency. Persisting margin compression would erode shareholder returns and limit reinvestment capacity, implying structural cost or pricing pressures that could persist absent operational improvements.

Operating cash flow contraction

A significant drop in operating cash flow weakens near-term liquidity and could constrain working capital, capex, or dividend consistency. Even with positive FCF, weaker operating cash flow raises concern about sustainability of cash generation through the business cycle.

Negative EPS growth

Negative EPS growth despite revenue increases suggests per-share profitability is deteriorating, possibly from higher costs, dilution, or one-off items. Persistent EPS decline undermines shareholder value creation and questions the durability of reported earnings improvements.

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	3.10B	3.11B	2.99B	2.58B	2.51B	2.26B
Net Income	1.34B	1.37B	1.58B	1.08B	1.03B	745.51M
Balance Sheet
Total Assets	33.85B	33.57B	35.27B	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	11.59B	13.61B	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	1.76B
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	1.44B

Nanso Transport Co., Ltd. Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9034, the sentiment is Negative. The current price of 1453 is below the 20-day moving average (MA) of 1659.25, below the 50-day MA of 1635.72, and below the 200-day MA of 1490.05, indicating a neutral trend. The MACD of -16.42 indicates Positive momentum. The RSI at 36.90 is Neutral, neither overbought nor oversold. The STOCH value of 33.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	¥14.18B	8.60	―	3.04%	4.45%	29.58%
9034	77 Outperform	¥15.84B	11.63	―	3.37%	3.18%	-23.51%
9312	75 Outperform	¥19.18B	6.27	―	2.46%	7.13%	16.09%
9025	74 Outperform	¥156.58B	9.98	―	3.65%	7.73%	-19.90%
9304	73 Outperform	¥79.78B	6.51	―	3.48%	4.17%	24.54%
9351	73 Outperform	¥15.43B	7.26	―	3.85%	4.96%	38.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%