Nippon Yusen Kabushiki Kaisha (9101) AI Stock Analysis

• Market Cap: ¥2.63T
• Dividend Yield: 6.25%
• Average Volume (3M): 2.71M
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.55
• Revenue Growth: -3.22%
• EPS Growth: -13.20%
• Country: JP
• Employees: 35,243
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 107.99
• Shares Outstanding: 434,101,600
• 10 Day Avg. Volume: 2,527,510
• 30 Day Avg. Volume: 2,713,643
• PEG Ratio: 0.04
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 0.85
• P/FCF Ratio: 7.22
• 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): 509.51
• Revenue Forecast (FY): ¥2.39T

• Rating: 77 Outperform
• Price Target: ¥6,969.00 ▲(33.63% Upside)
• Action: Reiterated Date: 10/21/25
• Date: Action: Reiterated 10/21/25

Nippon Yusen Kabushiki Kaisha's strong financial performance and attractive valuation are the primary drivers of its stock score. While technical indicators suggest a neutral trend, the company's low P/E ratio and high dividend yield highlight its potential as an undervalued investment opportunity.

Positive Factors

Diversified business model

NYK's diversified fleet and integrated logistics services across container, bulk, vehicle transport, terminals and supply-chain offerings reduce reliance on any single market segment. Multiple revenue streams and contracted logistics work provide durable cash-flow stability and lower cyclicality over months to years.

Strong cash flow generation

Consistent operating cash flow and positive free cash flow create a durable funding source for maintenance capex, fleet renewal, dividends and debt servicing. Reliable cash conversion enhances resilience through shipping cycles and reduces dependence on external financing for multi-month investment needs.

Healthy balance sheet / equity base

A strong equity base and prudent leverage provide financial flexibility for long-term capital expenditures typical in shipping. Healthy capitalization supports access to funding, underwrites fleet investments and helps the company absorb revenue volatility without immediately harming operations or strategic plans.

Negative Factors

Recent revenue decline

Reported revenue growth turned negative (-5.87%), indicating top-line contraction. Sustained revenue declines can erode scale economics, reduce utilization benefits and weaken operating leverage, making it harder to sustain margins and reinvest in fleet or logistics capabilities over the medium term.

Sharp EPS contraction

EPS fell sharply (-48.3%), signaling meaningful profit compression. Continued EPS weakness undermines retained earnings and the company's internal funding ability, which can constrain dividend sustainability and capital spending priorities, increasing reliance on external financing during downturns.

Rising leverage and weakening operating margin

An increase in total debt combined with a declining EBIT margin tightens financial flexibility. Higher leverage with weakening operating profitability raises refinancing and credit risks, limits room for discretionary investment and heightens vulnerability if freight markets or volumes worsen over the coming months.

Nippon Yusen Kabushiki Kaisha Business Overview & Revenue Model

Company Description

Nippon Yusen Kabushiki Kaisha provides marine, land, and air transportation services worldwide. The company offers various logistics services, including liner trading services, such as container shipping, and terminal and stevedoring services for containerships, car carriers, and cruise ships; and air cargo transportation services. It also provides bulk shipping services comprising transport services for finished automobiles, heavy construction machines, and used cars; transportation services for bulk freight, which include iron ore, coal, and wood chips; and transportation services for crude oil, petroleum products, chemicals, LNG, LPG, and ammonia for oil, petrochemical, and energy companies. In addition, the company is involved in the upstream areas of the supply chain for oil and natural gas. Further, it operates Asuka II, a luxury cruise ship; and manages commercial and residential buildings. Nippon Yusen Kabushiki Kaisha was incorporated in 1885 and is headquartered in Tokyo, Japan.

How the Company Makes Money

NYK makes money mainly by providing transportation and logistics services under contracts and spot arrangements, earning freight and service revenue tied to moving cargo and managing logistics flows. Key revenue streams typically include: (1) Ocean shipping freight: income from carrying cargo by sea across multiple segments such as containerized cargo, dry bulk commodities, and energy-related cargoes (e.g., shipments linked to oil, gas, or other energy supply chains), where pricing depends on contracted rates, market freight rates, vessel utilization, distance/route, and fuel-related surcharges where applicable. (2) Automotive logistics (car carrier/RoRo): revenue from transporting finished vehicles and related cargo for automakers and logistics providers, usually under service contracts influenced by global vehicle production/export volumes and route demand. (3) Logistics and supply-chain services: fees from forwarding, warehousing, distribution, and integrated logistics solutions that complement maritime transport; earnings are driven by service volume, contract scope, and value-added offerings. (4) Terminal and related maritime services: income from port/terminal operations and associated handling or management services where applicable. Profitability is materially affected by factors such as global trade volumes, freight-rate cycles, bunker fuel costs, charter rates for leased vessels, fleet utilization, foreign-exchange movements, and regulatory/operational constraints in shipping. Specific partnership terms or customer concentration details are null.

Nippon Yusen Kabushiki Kaisha Financial Statement Overview

Summary

Nippon Yusen Kabushiki Kaisha exhibits strong financial health with robust revenue and profit growth, effective cost management, and solid cash flow generation. Despite concerns about operational efficiency and rising debt, the overall financial position is strong.

Income Statement

Nippon Yusen Kabushiki Kaisha has shown strong revenue growth with a notable increase from 2021 to 2025. The gross profit margin and net profit margin have remained stable, indicating efficient cost management. However, declining EBIT margin suggests a potential challenge in sustaining operating efficiency. Overall, the company demonstrates robust profitability with some room for improvement in operational efficiency.

Balance Sheet

The company maintains a strong equity base with a favorable debt-to-equity ratio, indicating prudent financial management. The equity ratio is healthy, reflecting a solid balance sheet structure. However, the increase in total debt over the years warrants attention to ensure leverage remains manageable. Overall, the balance sheet is strong, supporting long-term stability.

Cash Flow

Cash flow from operations has been consistently strong, supporting positive free cash flow growth. The free cash flow to net income ratio indicates efficient cash conversion, despite fluctuations in capital expenditures. The company demonstrates solid cash flow management, providing a cushion for future investments and debt servicing.

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.42T	2.59T	2.39T	2.62T	2.28T	1.61T
Gross Profit	414.27B	469.34B	413.27B	510.15B	453.43B	233.18B
EBITDA	302.06B	368.99B	319.11B	419.76B	371.46B	172.12B
Net Income	229.19B	477.71B	228.60B	1.01T	1.01T	139.23B
Balance Sheet
Total Assets	4.98T	4.32T	4.25T	3.78T	3.08T	2.13T
Cash, Cash Equivalents and Short-Term Investments	221.19B	156.01B	156.16B	204.82B	233.02B	107.51B
Total Debt	1.23T	738.46B	913.80B	694.09B	808.30B	954.87B
Total Liabilities	2.03T	1.35T	1.56T	1.25T	1.32T	1.46T
Stockholders Equity	2.89T	2.92T	2.65T	2.48T	1.71T	625.33B
Cash Flow
Free Cash Flow	0.00	304.25B	65.13B	626.49B	315.04B	57.25B
Operating Cash Flow	0.00	510.75B	401.41B	824.85B	507.76B	159.34B
Investing Cash Flow	0.00	-59.78B	-285.63B	-251.98B	-142.59B	-15.65B
Financing Cash Flow	0.00	-427.75B	-163.42B	-582.19B	-243.52B	-126.70B

Nippon Yusen Kabushiki Kaisha Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5215.00
• 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:9101, the sentiment is Positive. The current price of 5215 is below the 20-day moving average (MA) of 5571.00, below the 50-day MA of 5301.86, and above the 200-day MA of 5134.58, indicating a bullish trend. The MACD of 214.29 indicates Negative momentum. The RSI at 76.81 is Negative, neither overbought nor oversold. The STOCH value of 85.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9101.

Nippon Yusen Kabushiki Kaisha Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9107	79 Outperform	¥1.73T	10.15	11.32%	5.12%	-2.96%	-10.12%
9104	79 Outperform	¥2.53T	6.29	10.90%	5.81%	0.36%	-14.86%
9101	77 Outperform	¥2.63T	11.76	10.82%	6.25%	-3.22%	-13.20%
9119	77 Outperform	¥191.30B	7.21	―	4.08%	-10.66%	-17.73%
9110	76 Outperform	¥180.75B	5.06	13.08%	3.75%	-7.72%	27.03%
9130	65 Neutral	¥18.17B	1,812.20	―	5.77%	3.22%	-87.75%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Nippon Yusen Kabushiki Kaisha Corporate Events

NYK to Retire Shares After Buyback, Tightening Capital Base

Nippon Yusen Kabushiki Kaisha has approved the retirement of a substantial portion of its own common shares, following a previously announced market buyback program. The company will first retire 25,321,600 shares, representing 5.83% of its pre-retirement issued shares, on March 25, 2026, reducing total shares outstanding to 408,780,000, with a second retirement slated for May 29, 2026 based on additional shares to be acquired in March and April 2026.

The move aligns with NYK’s stated policy to retire, in principle, all stock acquired under the May 8, 2025 board resolution, signaling a continued focus on capital efficiency and shareholder returns. By shrinking its share base through sequential retirements linked to its ongoing buyback, NYK is likely enhancing per-share metrics and reinforcing its financial discipline amid a competitive global shipping and logistics market.

The most recent analyst rating on (JP:9101) stock is a Hold with a Yen5400.00 price target. To see the full list of analyst forecasts on Nippon Yusen Kabushiki Kaisha stock, see the JP:9101 Stock Forecast page.

NYK Advances Large-Scale Share Buyback, Nears Authorized Limit

Nippon Yusen Kabushiki Kaisha reported the latest status of its ongoing share buyback program authorized by its board in May 2025 under Article 459 of the Companies Act. The company acquired 1,834,800 common shares for about JPY 9.44 billion on the Tokyo Stock Exchange between February 1 and February 28, 2026, via discretionary trades.

Under the broader authorization to repurchase up to 48 million shares or JPY 150 billion through April 30, 2026, NYK has cumulatively bought 25,321,600 shares for approximately JPY 129.75 billion as of February 28, 2026. This sizable progress toward the buyback ceiling signals continued capital return to shareholders and may support the company’s share price and capital efficiency metrics in the near term.

The most recent analyst rating on (JP:9101) stock is a Hold with a Yen5400.00 price target. To see the full list of analyst forecasts on Nippon Yusen Kabushiki Kaisha stock, see the JP:9101 Stock Forecast page.

NYK Line Earnings Slump as Shipping Cycle Normalizes and Outlook Is Cut

NYK Line reported that for the nine months ended December 31, 2025, revenues fell 8.3% year on year to ¥1.81 trillion, while operating profit plunged 43.8% and recurring profit and profit attributable to owners of parent dropped more than 60%, reflecting a sharp earnings correction from the exceptionally strong prior-year period. The company’s shareholders’ equity ratio declined to 57.9% from 67.6% as total assets expanded, and although it kept its dividend forecast unchanged at a full-year total of ¥225 per share, including a commemorative component, it revised down its full-year earnings outlook, now expecting double‑digit declines in revenue and profits amid softer market conditions and lower shipping margins; NYK also reported changes in its consolidation scope, adding Movianto International B.V. and removing Nippon Cargo Airlines and another subsidiary, signaling ongoing portfolio reshaping within its group structure.

The most recent analyst rating on (JP:9101) stock is a Hold with a Yen5400.00 price target. To see the full list of analyst forecasts on Nippon Yusen Kabushiki Kaisha stock, see the JP:9101 Stock Forecast page.

NYK Advances Large-Scale Share Buyback, Repurchasing Over 23 Million Shares

Nippon Yusen Kabushiki Kaisha has reported the latest status of its ongoing share buyback program authorized by its board in May 2025 under its Articles of Incorporation. During the period from January 1 to January 31, 2026, the company repurchased 2,021,600 shares of its common stock on the Tokyo Stock Exchange for a total of approximately ¥10.4 billion under a discretionary trading contract, bringing cumulative repurchases under the current authorization to 23,486,800 shares and about ¥120.3 billion as of January 31. This represents significant progress toward the board-approved ceiling of up to 48 million shares and ¥150 billion by April 30, 2026, indicating a continued emphasis on capital efficiency and shareholder returns, while leaving room for further buybacks depending on market conditions.

The most recent analyst rating on (JP:9101) stock is a Hold with a Yen5400.00 price target. To see the full list of analyst forecasts on Nippon Yusen Kabushiki Kaisha stock, see the JP:9101 Stock Forecast page.

NYK Advances Large-Scale Share Buyback, Repurchasing Over 21 Million Shares

Nippon Yusen Kabushiki Kaisha has disclosed the latest progress of its share buyback program authorized by its board in May 2025, under which it is permitted to repurchase up to 48 million shares or ¥150 billion of common stock by April 30, 2026. During December 2025, the company acquired 2,023,800 shares for approximately ¥9.9 billion through open-market purchases on the Tokyo Stock Exchange, bringing the cumulative total since the start of the program to 21,465,200 shares and about ¥109.9 billion, signaling a significant ongoing capital allocation effort that reduces the free float and could support shareholder value through higher earnings per share and an optimized capital structure.

The most recent analyst rating on (JP:9101) stock is a Hold with a Yen5400.00 price target. To see the full list of analyst forecasts on Nippon Yusen Kabushiki Kaisha stock, see the JP:9101 Stock Forecast page.