Being Holdings Co., Ltd. (9145) AI Stock Analysis

• Market Cap: ¥21.11B
• Dividend Yield: 5.77%
• Average Volume (3M): 40.86K
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.57
• Revenue Growth: 10.75%
• EPS Growth: 15.56%
• Country: JP
• Employees: 956
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 14.12
• Shares Outstanding: 24,100,000
• 10 Day Avg. Volume: 43,420
• 30 Day Avg. Volume: 40,860
• PEG Ratio: 0.50
• Price to Book (P/B): 2.00
• Price to Sales (P/S): 0.47
• P/FCF Ratio: 8.48
• 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: 67 Neutral
• Price Target: ¥962.00 ▲(8.58% Upside)

The overall stock score of 67 reflects strong financial performance and attractive valuation metrics, offset by bearish technical indicators. The company's robust cash flow and profitability are significant strengths, but current market momentum suggests caution. The absence of recent earnings call insights or notable corporate events limits additional context.

Positive Factors

Consistent revenue growth

Multi-year double-digit top-line growth indicates durable demand and expanding market penetration in logistics. Sustained revenue expansion supports scale economies, funds reinvestment and strategic initiatives, and provides a stable base for medium-term margin and cash flow improvement.

Robust cash generation

Very strong free cash flow growth and operating cash conversion signal durable cash-generation capacity. This enhances self-funding for capex, working capital, dividends or debt reduction, increasing resilience to industry cycles and supporting strategic investments over the next several quarters.

Improved balance sheet and ROE

Higher equity ratio, lower leverage and strong ROE reflect healthier capital structure and efficient capital use. These structural balance-sheet improvements reduce financing risk, enable tactical M&A or capex, and provide financial flexibility across a 2–6 month horizon and beyond.

Negative Factors

High capital expenditure needs

Material ongoing capex needs in logistics can consume free cash flow and constrain allocation to dividends, deleveraging or growth projects. Persistent capex intensity raises the probability of tighter liquidity or the need for external financing during expansion phases.

Competitive industry pressure

Operating and net margin improvements face structural risk from intense competition in freight and logistics. Price pressure or service investments to retain customers could compress margins, forcing higher costs or capex to defend market position over the medium term.

Structural capital intensity risk

The business’s capital-intensive nature can necessitate periodic borrowing or equity issuance to fund fleet, facilities or tech investments. That dynamic may raise leverage or dilute shareholders if growth needs persist, constraining strategic flexibility in changing market conditions.

Being Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Being Holdings Co., Ltd., together with its subsidiaries, engages in the logistics consulting business. It offers third party logistics services. The company also provides passenger transportation, dispatch small taxis and large buses, and create sightseeing plans, as well as various transportation spaces, such as chartered sightseeing taxis, VIP and wedding hire, and location bus. In addition, it is involved in the automobile maintenance, system development, insurance agency, and fuel sales activities. The company was incorporated in 1986 and is headquartered in Kanazawa, Japan.

How the Company Makes Money

Being Holdings generates revenue through multiple streams, primarily from the sale of health supplements and wellness products, which constitute a significant portion of its income. The company leverages e-commerce platforms and retail partnerships to distribute its products, enhancing accessibility to a wider audience. Additionally, Being Holdings invests in technology ventures that contribute to its revenue through licensing agreements, royalties, and product sales. Strategic partnerships with other companies in related sectors further bolster its earning potential by expanding market reach and enhancing product offerings.

Being Holdings Co., Ltd. Financial Statement Overview

Summary

Being Holdings Co., Ltd. exhibits strong financial health with consistent revenue growth and improving profitability metrics. The company has effectively managed its debt levels, enhancing its capital structure. Cash flow generation is robust, supporting continued investments and potential expansion. While the company is performing well, it must remain vigilant of industry competition and capital requirements to sustain growth.

Income Statement

The company has demonstrated consistent revenue growth with a solid revenue growth rate of 14.69% from 2023 to 2024 and 14.34% from 2022 to 2023. Gross profit margin improved to 11.98% in 2024. Net profit margin also increased to 4.55%, indicating improved profitability. EBIT and EBITDA margins have shown steady improvement, reflecting operational efficiency gains. However, the industry is competitive, and sustaining these margins could be challenging.

Balance Sheet

The balance sheet shows a healthy increase in stockholders' equity, leading to an improved equity ratio of 38.98% in 2024. The debt-to-equity ratio has decreased to 0.84, indicating reduced leverage. Return on equity (ROE) is robust at 19.35%, reflecting effective use of equity to generate profits. The company has managed its liabilities well, maintaining stability. Nonetheless, the logistics industry requires substantial capital, which could impact future leverage.

Cash Flow

The company has achieved significant free cash flow growth with a robust 315.59% increase from 2023 to 2024, driven by improved operating cash flows. The operating cash flow to net income ratio stands at 1.79, indicating strong cash generation capability. The free cash flow to net income ratio is 1.22, showcasing efficient cash utilization. However, capital expenditures are significant, which could affect future cash flow flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	31.56B	30.19B	26.32B	23.02B	20.03B	18.39B
Gross Profit	3.91B	3.62B	3.07B	2.50B	2.26B	1.82B
EBITDA	3.25B	2.95B	2.51B	1.94B	1.81B	1.36B
Net Income	1.54B	1.37B	1.12B	873.00M	851.00M	470.00M
Balance Sheet
Total Assets	18.59B	18.22B	16.84B	14.56B	14.09B	13.60B
Cash, Cash Equivalents and Short-Term Investments	3.82B	4.95B	4.22B	3.75B	3.94B	4.42B
Total Debt	7.21B	5.94B	6.33B	5.59B	6.20B	6.66B
Total Liabilities	10.59B	10.72B	10.64B	9.46B	9.79B	10.09B
Stockholders Equity	7.56B	7.10B	5.92B	4.91B	4.15B	3.38B
Cash Flow
Free Cash Flow	0.00	1.68B	404.00M	647.00M	289.00M	994.00M
Operating Cash Flow	0.00	2.47B	1.90B	1.27B	1.54B	1.07B
Investing Cash Flow	0.00	-767.00M	-1.60B	-524.00M	-1.23B	-65.00M
Financing Cash Flow	0.00	-974.00M	161.00M	-940.00M	-802.00M	732.00M

Being Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 886.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9145, the sentiment is Neutral. The current price of 886 is below the 20-day moving average (MA) of 907.80, above the 50-day MA of 864.78, and above the 200-day MA of 844.19, indicating a neutral trend. The MACD of 8.46 indicates Positive momentum. The RSI at 43.92 is Neutral, neither overbought nor oversold. The STOCH value of 13.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9145.

Being Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9306	80 Outperform	¥13.72B	9.17	―	3.04%	4.45%	29.58%
9115	77 Outperform	¥24.21B	4.20	―	0.79%	-1.67%	18.47%
9029	75 Outperform	¥26.43B	10.31	―	2.33%	22.91%	61.68%
9083	74 Outperform	¥24.14B	8.11	―	1.81%	6.55%	9.32%
9312	70 Outperform	¥19.06B	7.78	―	2.46%	7.13%	16.09%
9145	67 Neutral	¥21.11B	14.11	―	5.77%	10.75%	15.56%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%