Enshu Truck Co., Ltd. (9057) AI Stock Analysis

• Market Cap: ¥25.15B
• Dividend Yield: 2.82%
• Average Volume (3M): 1.94K
• Price to Earnings (P/E): 10.2
• Beta (1Y): 0.32
• Revenue Growth: 2.47%
• EPS Growth: 2.85%
• Country: JP
• Employees: 1,337
• Sector: Industrials
• Sector Strength: 72
• Industry: Trucking
• EPS (TTM): 87.91
• Shares Outstanding: 7,546,000
• 10 Day Avg. Volume: 2,260
• 30 Day Avg. Volume: 1,936
• PEG Ratio: 0.51
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.43
• P/FCF Ratio: 5.15
• 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: 70 Outperform
• Price Target: ¥3,955.00 ▲(10.17% Upside)
• Action: Reiterated Date: 02/05/26
• Date: Action: Reiterated 02/05/26

The score is driven primarily by solid underlying financials—revenue growth and improving leverage—offset by inconsistent cash-flow generation and modest margins. Valuation is supportive with a moderate P/E and dividend yield, while technicals are mixed with near-term weakness despite a longer-term uptrend.

Positive Factors

Improving balance sheet and lower leverage

Declining leverage and rising equity materially strengthen financial flexibility. A lower debt-to-equity ratio and sustained equity growth improve the firm's ability to fund capex, absorb cyclical shocks, and pursue strategic investments without stressing liquidity over the next several quarters.

Consistent top-line growth

Multi-year revenue expansion indicates durable demand for core transport and logistics services. Steady top-line growth supports scale economies, contract renewal leverage, and capacity planning, underpinning operational stability and long-term service relationships in the supply-chain segment.

Steady, positive returns on equity

Consistent mid-single-digit ROE demonstrates the business can translate revenues into shareholder returns sustainably. While not exceptional, these returns suggest competent asset use and profitability that can support dividends and retained earnings for reinvestment over the medium term.

Negative Factors

Modest and compressing margins

Low and declining margins limit the company's ability to absorb cost inflation or invest organically. Persistent margin compression pressures free cash flow and return metrics, reducing room for pricing flexibility and increasing sensitivity to fuel, labor, and regulatory cost shifts over the next several quarters.

Volatile free cash flow generation

Irregular free cash flow undermines predictable capital allocation and dividend sustainability. Swings between negative and positive FCF increase refinancing or cash-conservation risk, complicate investments in fleet or technology, and weaken the earnings-to-cash conversion reliability important for long-term planning.

Earnings per share deterioration

Negative EPS growth signals pressure on per-share profitability which can reflect margin erosion, cost creep, or one-off items. Sustained EPS decline reduces reinvestment capacity, constrains dividend growth potential, and may indicate underlying operational headwinds that persist over multiple reporting periods.

Enshu Truck Co., Ltd. Business Overview & Revenue Model

Company Description

Enshu Truck Co.,Ltd. provides logistics services in Japan. It is involved in the general freight vehicle and freight transportation; delivery; logistics consulting and management; supply chain management; warehousing; real estate buying and selling, brokerage, and leasing; civil engineering and construction; car maintenance; industrial waste treatment; worker dispatch; and customs clearance businesses, as well as in the research and development on information processing, and sale of software products. The company was founded in 1965 and is headquartered in Fukuroi, Japan. Enshu Truck Co.,Ltd. is a subsidiary of The Sumitomo Warehouse Co., Ltd.

How the Company Makes Money

Enshu Truck Co., Ltd. generates revenue primarily through the sale of its manufactured trucks and commercial vehicles. The company's revenue model is built around direct sales to businesses and fleet operators, as well as dealerships that distribute their products. Key revenue streams include new vehicle sales, after-sales services such as maintenance and repairs, and parts sales. Additionally, Enshu Truck may engage in partnerships with logistics and transportation companies, providing tailored solutions that enhance their operational efficiency, which can further contribute to its earnings. The company may also benefit from government contracts for commercial vehicles used in public services or infrastructure projects.

Enshu Truck Co., Ltd. Financial Statement Overview

Summary

Steady revenue growth and a strengthening balance sheet (lower leverage, rising equity) support a solid profile, but modest margins and volatile free cash flow (including recent negative years and softer cash conversion in TTM) reduce confidence in consistency.

Income Statement

Top-line momentum is positive: revenue rose from 39.5B (FY2021) to 48.6B (FY2025 annual) and is 49.7B in TTM (Trailing-Twelve-Months). Profitability is steady but modest for the industry, with net margin around ~4.5% in TTM and ~4–5% across recent years. A key watch-out is margin compression versus earlier years (gross and operating margins have generally trended down from FY2021–FY2022 levels), even though absolute earnings remain resilient.

Balance Sheet

Leverage looks conservative-to-moderate, with debt-to-equity at 0.35 in TTM (Trailing-Twelve-Months) (down from 0.52 in FY2024 and 0.41 in FY2025 annual), indicating improving balance-sheet risk. Equity has grown over time (from 16.9B in FY2021 to 24.1B in TTM), supporting financial flexibility. Returns on equity are solid but not exceptional (about ~9–13% historically; 9.4% in TTM), implying decent profitability with some recent softening.

Cash Flow

Cash generation is positive but somewhat inconsistent. Free cash flow is positive in TTM (1.58B) and was strong in FY2025 annual (4.02B), but it swung negative in FY2023 and FY2024, highlighting volatility. In TTM, free cash flow is about half of net income (roughly ~50%), and operating cash flow coverage is moderate (0.41), suggesting earnings quality is acceptable but not particularly strong. Free cash flow growth is also down in TTM versus the prior period, pointing to near-term pressure.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	49.74B	48.63B	46.94B	44.81B	42.75B	39.54B
Gross Profit	4.38B	4.47B	3.80B	4.24B	4.20B	4.03B
EBITDA	4.45B	4.61B	3.69B	4.03B	4.07B	3.75B
Net Income	2.23B	2.39B	2.04B	2.28B	2.34B	2.26B
Balance Sheet
Total Assets	39.72B	40.16B	39.40B	35.90B	31.69B	29.92B
Cash, Cash Equivalents and Short-Term Investments	5.54B	7.40B	5.76B	5.40B	4.81B	5.08B
Total Debt	8.40B	9.59B	11.22B	7.43B	6.46B	6.52B
Total Liabilities	15.57B	16.95B	17.86B	15.75B	13.08B	13.00B
Stockholders Equity	24.14B	23.20B	21.54B	20.15B	18.61B	16.92B
Cash Flow
Free Cash Flow	1.58B	4.02B	-2.82B	-84.00M	271.00M	2.73B
Operating Cash Flow	3.18B	4.83B	2.81B	3.56B	1.67B	3.33B
Investing Cash Flow	-2.30B	-729.00M	-5.54B	-3.16B	-1.28B	-444.00M
Financing Cash Flow	-2.06B	-2.45B	3.08B	186.00M	-669.00M	-1.28B

Enshu Truck Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3590.00
• 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:9057, the sentiment is Negative. The current price of 3590 is below the 20-day moving average (MA) of 3599.25, below the 50-day MA of 3652.00, and above the 200-day MA of 3287.44, indicating a neutral trend. The MACD of -50.15 indicates Positive momentum. The RSI at 32.42 is Neutral, neither overbought nor oversold. The STOCH value of 29.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9057.

Enshu Truck Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9063	73 Outperform	¥8.23B	1.31	―	1.67%	2.08%	48.38%
9075	72 Outperform	¥215.35B	3.64	4.72%	1.66%	5.50%	-26.63%
9057	70 Outperform	¥25.15B	10.21	―	2.82%	2.47%	2.85%
9060	69 Neutral	¥5.92B	9.76	―	1.62%	8.03%	67.38%
9076	64 Neutral	¥362.15B	11.50	5.53%	4.35%	22.07%	86.12%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9064	54 Neutral	¥583.35B	5.81	7.44%	2.10%	5.58%	114.23%