Fukuyama Transporting Co., Ltd. (9075) AI Stock Analysis

• Market Cap: ¥226.68B
• Dividend Yield: 1.66%
• Average Volume (3M): 81.37K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 0.42
• Revenue Growth: 5.50%
• EPS Growth: -26.63%
• Country: JP
• Employees: 22,022
• Sector: Industrials
• Sector Strength: 72
• Industry: Trucking
• EPS (TTM): N/A
• Shares Outstanding: 40,770,363
• 10 Day Avg. Volume: 99,690
• 30 Day Avg. Volume: 81,370
• PEG Ratio: 1.32
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.48
• P/FCF Ratio: -11.35
• 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: 72 Outperform
• Price Target: ¥5,939.00 ▲(32.86% Upside)
• Action: Reiterated Date: 02/13/26
• Date: Action: Reiterated 02/13/26

The score is driven primarily by solid overall financial fundamentals (revenue growth and a strong equity base) but tempered by clear cash-flow weakness (negative and worsening free cash flow) and margin pressure. Technicals are supportive due to a strong uptrend, though momentum is stretched (high RSI/Stoch). Valuation is reasonable on earnings but offers only a modest dividend yield.

Positive Factors

Stable revenue growth & resilient LTL network

Consistent top-line growth paired with an entrenched nationwide less‑than‑truckload terminal-and-route network supports durable volume-driven revenue. The network model produces recurring contracts and customer stickiness, enabling predictable demand and operational leverage over the next several months.

Strong equity base

A high equity ratio provides financial resilience for a capital-intensive logistics business, reducing insolvency risk and enabling the firm to fund fleet and terminal investments without heavy reliance on short-term borrowing. This supports strategic flexibility across 2–6 months.

High operating cash conversion

OCF converting at ~2.8x net income shows core operations reliably generate cash to cover working capital and operating needs. That structural cash conversion mitigates short-term liquidity stress and allows management to prioritize capex or operational fixes even while FCF is negative.

Negative Factors

Sharp gross margin decline

A near-halving of gross margin points to rising unit costs or weakening pricing power in transport services. Persistent margin erosion directly squeezes operating profitability and limits the company’s ability to absorb higher input costs, requiring structural actions to restore long-term margin health.

Negative and deteriorating free cash flow

Material negative FCF means the business is consuming cash after capex, constraining its ability to self-fund growth, dividends or debt reduction. If this persists, the firm will increasingly depend on external financing or asset optimisation, reducing strategic optionality over months.

Rising leverage

An uptick in debt-to-equity raises fixed financial obligations in a cyclical, capital-heavy trucking industry. Higher leverage combined with margin pressure increases liquidity and refinancing risk, and could limit the company’s capacity to invest in network improvements without worsening covenant or cost pressures.

Fukuyama Transporting Co., Ltd. Business Overview & Revenue Model

Company Description

Fukuyama Transporting Co., Ltd. operates as a logistics company in Japan, China, Vietnam, Malaysia, and Thailand. The company offers freight transportation services using approximately 16,000 vehicles, including tractors, trailers, and trucks, as well as through sea, rail, and air sources. It also provides bonded warehouse and customs clearance services. In addition, the company operates products sales, real estate rental, restaurant and convenience store operation, insurance and travel agencies, security, staffing, bowling center operation, and automobile maintenance services. Further, the company offers warehousing, logistics, and processing services. Fukuyama Transporting Co., Ltd. was founded in 1948 and is headquartered in Fukuyama, Japan.

How the Company Makes Money

Fukuyama Transporting generates revenue primarily through its transportation and logistics services, which include freight forwarding, trucking, and warehousing. The company operates on a fee-for-service model, charging clients based on the distance traveled, weight of the cargo, and specific service requirements. Key revenue streams include domestic freight services, international logistics, and contract logistics solutions for businesses. Additionally, the company benefits from strategic partnerships with various industries, which provide steady demand for its services. Cost efficiency and operational excellence further enhance profit margins, contributing to overall earnings.

Fukuyama Transporting Co., Ltd. Financial Statement Overview

Summary

Revenue is growing (¥287.56B to ¥302.50B) and net profit margin improved to 2.89%, but profitability quality weakened with a sharp gross margin decline (10.71% to 5.40%) and lower EBIT/EBITDA margins. The balance sheet is solid (57.12% equity ratio) though leverage is rising (debt-to-equity 0.39). Cash flow is the main concern due to deteriorating negative free cash flow (FCF to net income -1.46) despite strong operating cash conversion (OCF to net income 2.80).

Income Statement

Fukuyama Transporting Co., Ltd. has shown a stable revenue growth trajectory, with a recent increase in Total Revenue from ¥287.56B to ¥302.50B. However, Gross Profit Margin has declined from 10.71% to 5.40%, indicating potential cost management issues. The Net Profit Margin has improved to 2.89%, showing better profitability despite reduced EBIT and EBITDA margins, which have also declined over the past year.

Balance Sheet

The company's Balance Sheet reflects a stable financial position with an Equity Ratio of 57.12%, indicating a strong equity base relative to Total Assets. However, the Debt-to-Equity Ratio has increased to 0.39, suggesting a rise in leverage, which could pose risks if not managed carefully. Despite this, Return on Equity remains robust at 3.06%, underscoring effective utilization of equity for profit generation.

Cash Flow

The Cash Flow analysis reveals challenges, primarily due to a negative Free Cash Flow, which has deteriorated further from the previous year. The Operating Cash Flow to Net Income Ratio is solid at 2.80, but the Free Cash Flow to Net Income Ratio is concerning at -1.46, highlighting potential liquidity issues and the need for improved cash management strategies.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	313.18B	302.50B	287.56B	293.36B	291.27B	285.52B
Gross Profit	16.91B	16.34B	19.26B	29.81B	30.40B	28.85B
EBITDA	32.00B	35.47B	28.65B	46.37B	42.78B	39.83B
Net Income	13.32B	8.75B	7.83B	20.79B	16.76B	15.32B
Balance Sheet
Total Assets	510.96B	500.67B	503.39B	477.01B	478.15B	471.92B
Cash, Cash Equivalents and Short-Term Investments	30.99B	29.92B	29.92B	44.89B	39.87B	37.03B
Total Debt	112.35B	110.43B	98.88B	101.48B	117.19B	92.70B
Total Liabilities	222.09B	212.90B	206.98B	206.63B	221.84B	198.55B
Stockholders Equity	286.87B	285.95B	294.65B	266.70B	252.54B	269.57B
Cash Flow
Free Cash Flow	560.00M	-12.79B	-7.56B	14.67B	15.59B	14.38B
Operating Cash Flow	16.96B	24.45B	18.50B	31.02B	32.14B	33.22B
Investing Cash Flow	-5.64B	-29.11B	-26.80B	-7.70B	-16.78B	-18.30B
Financing Cash Flow	-10.27B	5.18B	-6.18B	-18.58B	-12.52B	-4.07B

Fukuyama Transporting Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4470.00
• 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:9075, the sentiment is Positive. The current price of 4470 is below the 20-day moving average (MA) of 5139.25, below the 50-day MA of 4803.40, and above the 200-day MA of 3918.04, indicating a bullish trend. The MACD of 249.05 indicates Negative momentum. The RSI at 73.67 is Negative, neither overbought nor oversold. The STOCH value of 84.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9075.

Fukuyama Transporting Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9039	74 Outperform	¥121.99B	14.06	―	3.57%	3.00%	5.43%
9075	72 Outperform	¥226.68B	15.51	2.26%	1.66%	5.50%	-26.63%
9057	70 Outperform	¥28.43B	12.77	―	2.82%	2.47%	2.85%
9060	69 Neutral	¥6.81B	9.27	―	1.62%	8.03%	67.38%
9076	64 Neutral	¥397.33B	17.27	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	¥656.40B	17.87	7.44%	2.10%	5.58%	114.23%

Fukuyama Transporting Co., Ltd. Corporate Events

Fukuyama Transporting Completes ¥2.7 Billion Share Buyback and Sets Full Cancellation

Fukuyama Transporting has completed a share buyback of 576,200 common shares, representing 1.57% of its outstanding stock excluding treasury shares, at a total cost of about ¥2.74 billion through the Tokyo Stock Exchange’s ToSTNeT-3 off-auction system. The repurchased shares, acquired under a board resolution that allowed for up to 900,000 shares, will be fully cancelled on February 27, 2026, tightening the company’s share float and potentially enhancing per-share value for remaining shareholders.

The most recent analyst rating on (JP:9075) stock is a Hold with a Yen4898.00 price target. To see the full list of analyst forecasts on Fukuyama Transporting Co., Ltd. stock, see the JP:9075 Stock Forecast page.

Fukuyama Transporting Launches ¥6 Billion Share Buyback and Cancellation Plan

Fukuyama Transporting has approved a share buyback and subsequent cancellation of those shares as part of a capital policy aimed at improving capital efficiency and enhancing shareholder returns. The board authorized the repurchase of up to one million common shares, or about 2.72% of outstanding stock excluding treasury shares, for a maximum of ¥6 billion via market purchases on the Tokyo Stock Exchange between February 12 and June 30, 2026.

All shares acquired under this program will be cancelled on July 31, 2026, reducing the company’s share count by up to 2.72% and potentially lifting per-share metrics for investors. The move underscores management’s focus on cost of capital and share price in its business operations, signaling a shareholder-friendly stance that may strengthen the company’s market positioning in Japan’s logistics sector.

The most recent analyst rating on (JP:9075) stock is a Hold with a Yen4918.00 price target. To see the full list of analyst forecasts on Fukuyama Transporting Co., Ltd. stock, see the JP:9075 Stock Forecast page.

Fukuyama Transporting Launches ¥4.5 Billion Share Buyback and Cancellation Plan

Fukuyama Transporting has approved a share buyback of up to 900,000 common shares, representing a maximum of 2.45% of its issued shares excluding treasury stock, for up to ¥4.5 billion. The shares will be repurchased via the Tokyo Stock Exchange’s ToSTNeT-3 off-auction system at the February 10 closing price, with the order to be executed at 8:45 a.m. on February 12, and the company notes the acquisition may be reduced or not completed depending on market conditions.

All shares acquired through this program are scheduled to be cancelled on February 27, 2026, reducing the total number of shares outstanding by up to 2.45% and thereby enhancing capital efficiency. The move aligns with Fukuyama Transporting’s policy of managing with a focus on capital cost and share price, and is intended to strengthen shareholder returns and optimize its capital structure amid changes in the corporate environment.

The most recent analyst rating on (JP:9075) stock is a Hold with a Yen4918.00 price target. To see the full list of analyst forecasts on Fukuyama Transporting Co., Ltd. stock, see the JP:9075 Stock Forecast page.

Fukuyama Transporting Lifts Earnings and Dividends Despite Margin Pressure

Fukuyama Transporting reported a 4.7% year-on-year rise in net sales to ¥239.5 billion for the nine months ended December 31, 2025, with operating profit up 2.8% but ordinary profit down 3.3%, while profit attributable to owners of parent surged 47.4% to ¥14.2 billion, aided by a reduced share count and stronger earnings per share. The company maintained its full-year forecast, projecting 4.6% net sales growth and a 48.6% jump in full-year profit attributable to owners of parent, raised interim and forecast full-year dividends, and expanded its consolidation scope by adding Renown Transport Co., Ltd., signaling ongoing portfolio strengthening and shareholder returns despite margin pressures.

Net assets increased slightly to ¥288.9 billion with an equity ratio of 56.1%, reflecting a solid financial base and higher net assets per share. The sharp decline in ordinary profit compared with ordinary profit growth expectations, coupled with rising dividends and treasury share accumulation, suggests management is emphasizing capital efficiency and shareholder value while absorbing integration and operating costs in a competitive logistics market.

The most recent analyst rating on (JP:9075) stock is a Hold with a Yen4918.00 price target. To see the full list of analyst forecasts on Fukuyama Transporting Co., Ltd. stock, see the JP:9075 Stock Forecast page.

Fukuyama Transporting Co. Reports ¥10 Billion Gain from Securities Sale

Fukuyama Transporting Co., Ltd. has announced the completion of a sale of investment securities, resulting in an extraordinary income of ¥10,002 million for the third quarter of the fiscal year ending March 31, 2026. This gain aligns with the company’s previously forecasted financial results, indicating no changes to their financial outlook.

The most recent analyst rating on (JP:9075) stock is a Buy with a Yen4343.00 price target. To see the full list of analyst forecasts on Fukuyama Transporting Co., Ltd. stock, see the JP:9075 Stock Forecast page.