Seino Holdings Co (9076) AI Stock Analysis

• Market Cap: ¥391.74B
• Dividend Yield: 4.35%
• Average Volume (3M): 540.81K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.15
• Revenue Growth: 22.07%
• EPS Growth: 86.12%
• Country: JP
• Employees: 28,854
• Sector: Industrials
• Sector Strength: 72
• Industry: Trucking
• EPS (TTM): 51.20
• Shares Outstanding: 187,679,780
• 10 Day Avg. Volume: 498,120
• 30 Day Avg. Volume: 540,810
• PEG Ratio: 0.53
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.52
• P/FCF Ratio: 26.32
• 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): 152.09
• Revenue Forecast (FY): ¥809.93B

• Rating: 64 Neutral
• Price Target: ¥2,757.00 ▲(14.88% Upside)
• Action: Downgraded Date: 02/18/26
• Date: Action: Downgraded 02/18/26

The score is primarily supported by strong recent revenue growth and a still-moderate leverage profile, but is held back by weaker/volatile free-cash-flow conversion and structurally thin margins. Technicals are bullish on trend yet overextended (high RSI/Stoch), while valuation is reasonable with a ~4% dividend yield providing support.

Positive Factors

Strong revenue acceleration

Sustained 34.7% TTM revenue acceleration indicates expanding core demand and stronger network utilization in domestic freight. Higher volumes improve route density and fixed-cost absorption, supporting durable top-line momentum and potential margin upside over the next 2–6 months.

Moderate leverage and large equity base

A sizable equity base and debt-to-equity near 0.28 provide financial flexibility to fund capex, expand warehousing capacity, or pursue tuck-in deals without immediate refinancing stress. This buffer improves resilience to cyclical shocks and supports multi-month strategic investments.

LTL-focused, diversified logistics model

A core focus on less‑than‑truckload consolidation plus warehousing and value‑added logistics creates recurring contract revenue and cross‑sell opportunities. Network effects and integrated services increase customer stickiness and support steady demand and sustainable cash generation.

Negative Factors

Structurally thin margins

Margins remain slim, leaving limited cushion against fuel, wage, or capacity cost increases. Low operating leverage means profit is sensitive to small price or cost moves, constraining ability to absorb shocks and limiting durable free cash generation over the medium term.

Weak & volatile free cash flow conversion

Free cash flow covers a modest share of earnings and has shown year-to-year volatility, reducing predictability of internal funding for dividends, capex, or debt reduction. Persistent variability weakens confidence in sustained shareholder returns and strategic spending plans.

Rising leverage vs FY2024 and modest ROE

A material increase in leverage from prior year raises financial risk while ROE remains mid-single-digit, indicating incremental borrowing has not yet delivered high capital efficiency. Higher debt raises vulnerability to rate moves and may constrain strategic flexibility.

Seino Holdings Co Business Overview & Revenue Model

Company Description

Seino Holdings Co., Ltd. provides transportation services in Japan and internationally. It operates through Transportation Services, Vehicle Sales, Merchandise Sales, and Real Estate Leasing Services segments. The company offers timed, cash on delivery/settlement, delivery/agent delivery, optional convenience, and group services; and moving, shopping, and logistics services. It also provides shipping and office work support services; and reverse logistics/return management services. In addition, the company engages in the sale of passenger vehicles and used parts; provision of vehicle inspection, and vehicle maintenance and garage services; and sale of maintenance packages and automotive coatings. Additionally, it sells fuel, paper and paper, and other products; and operates in the information, housing sales, construction contract, real estate leasing, passenger transportation, and personnel services businesses. The company was formerly known as Seino Transportation Co., Ltd. Seino Holdings Co., Ltd. was founded in 1930 and is headquartered in Ogaki, Japan.

How the Company Makes Money

Seino Holdings generates revenue primarily through its logistics and transportation services. Key revenue streams include freight transportation fees from its extensive network of delivery services, warehousing charges for storage and handling of goods, and logistics consulting services. The company benefits from long-term contracts with corporate clients, which provide stable cash flow. Additionally, Seino Holdings has established partnerships with various businesses across different industries, enabling it to expand its service offerings and enhance operational efficiency. Factors contributing to its earnings include the growing demand for e-commerce logistics, strategic investments in technology to improve service delivery, and an increasing focus on sustainability in transportation.

Seino Holdings Co Financial Statement Overview

Summary

Strong TTM revenue acceleration (+34.7%) with modest EBIT/net margin improvement, but trucking margins remain thin and downside protection is limited. Balance sheet leverage is still moderate (debt-to-equity ~0.28) yet has stepped up versus FY2024, and cash flow quality is the main drag with weaker/volatile free-cash-flow conversion (~22% of net income in TTM).

Income Statement

TTM (Trailing-Twelve-Months) revenue accelerated strongly (+34.7%) versus the prior annual periods, with profitability also improving (EBIT margin ~4.8% and net margin ~2.9% in TTM vs ~4.5% and ~2.6% in FY2025). Margins remain relatively thin for the business, and gross margin has not meaningfully expanded versus history, which limits downside protection if costs rise.

Balance Sheet

Leverage is currently moderate with TTM debt-to-equity around 0.28, and equity remains sizable (about ¥409B) supporting a solid capital base. However, leverage stepped up materially versus FY2024 (debt-to-equity ~0.09), and returns on equity are only mid-single-digit (TTM ~5.8%), indicating respectable but not high balance-sheet productivity.

Cash Flow

Cash generation is positive, but conversion is weaker in TTM: operating cash flow (~¥50.9B) and free cash flow (~¥12.8B) cover only a modest share of earnings (free cash flow is ~22% of net income in TTM). Free cash flow has also been volatile across years (notably stronger in FY2024 and weaker again in FY2025/TTM), which reduces visibility despite overall positive operating cash flow.

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	807.12B	737.38B	642.81B	631.51B	607.66B	592.05B
Gross Profit	92.23B	81.67B	73.60B	76.51B	71.58B	66.19B
EBITDA	68.54B	59.40B	49.85B	52.25B	50.82B	50.02B
Net Income	23.46B	19.25B	14.56B	19.01B	17.25B	16.66B
Balance Sheet
Total Assets	784.22B	770.84B	689.52B	703.89B	685.27B	672.25B
Cash, Cash Equivalents and Short-Term Investments	77.86B	85.12B	83.47B	109.75B	108.49B	103.05B
Total Debt	118.00B	115.39B	37.34B	40.47B	39.48B	38.97B
Total Liabilities	348.82B	347.26B	253.95B	254.17B	251.75B	249.61B
Stockholders Equity	409.03B	397.00B	430.38B	444.85B	429.89B	419.26B
Cash Flow
Free Cash Flow	12.81B	14.62B	25.04B	14.34B	16.14B	3.23B
Operating Cash Flow	50.85B	52.75B	48.44B	39.27B	45.53B	38.69B
Investing Cash Flow	-27.02B	-70.88B	-25.51B	-29.59B	-31.79B	-27.97B
Financing Cash Flow	-23.13B	19.95B	-48.65B	-8.17B	-7.88B	-10.49B

Seino Holdings Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2400.00
• 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:9076, the sentiment is Positive. The current price of 2400 is below the 20-day moving average (MA) of 2557.70, below the 50-day MA of 2460.36, and above the 200-day MA of 2275.72, indicating a bullish trend. The MACD of 59.98 indicates Negative momentum. The RSI at 71.54 is Negative, neither overbought nor oversold. The STOCH value of 87.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9076.

Seino Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9039	74 Outperform	¥115.82B	13.34	―	3.57%	3.00%	5.43%
9059	73 Outperform	¥20.51B	8.17	―	2.46%	0.21%	0.95%
9075	72 Outperform	¥235.18B	16.09	2.26%	1.66%	5.50%	-26.63%
9057	70 Outperform	¥27.16B	12.20	―	2.82%	2.47%	2.85%
9076	64 Neutral	¥391.74B	17.02	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	¥624.16B	16.99	7.44%	2.10%	5.58%	114.23%

Seino Holdings Co Corporate Events

Seino Holdings Unveils Q3 FY2026 Results and Earnings Outlook

Seino Holdings has released its financial results for the third quarter of the fiscal year ending March 2026, outlining the performance of its transportation business. The disclosure also includes an earnings forecast for the full fiscal year, providing stakeholders with updated guidance on expected financial trends and operational outlook.

While detailed figures are not included in the brief, the focus on transportation business results and forward earnings guidance suggests continued emphasis on core logistics operations. The announcement helps investors and business partners gauge Seino Holdings’ current trajectory and expectations in a sector sensitive to economic conditions and freight demand.

The most recent analyst rating on (JP:9076) stock is a Buy with a Yen2652.00 price target. To see the full list of analyst forecasts on Seino Holdings Co stock, see the JP:9076 Stock Forecast page.

Seino Holdings Lifts Nine-Month Profit Nearly 30% and Confirms Full-Year Outlook

Seino Holdings reported strong consolidated results for the nine months to 31 December 2025, with operating revenue up 12.9% year on year to ¥611.4 billion and profit attributable to owners of parent rising 29.7% to ¥18.4 billion. Earnings per share climbed to ¥123.31, while total assets and equity increased, lifting the equity-to-asset ratio to 52.2% and signaling a solid balance sheet.

The group maintained its dividend stance, keeping the full-year forecast at ¥102 per share, matching the previous year’s payout. For the full fiscal year ending March 31, 2026, Seino forecasts operating revenue of ¥813.7 billion and a 14.3% increase in profit attributable to owners of parent to ¥22 billion, underscoring confidence in sustained earnings growth and stable shareholder returns.

The most recent analyst rating on (JP:9076) stock is a Buy with a Yen2652.00 price target. To see the full list of analyst forecasts on Seino Holdings Co stock, see the JP:9076 Stock Forecast page.