Last One Mile Co.,Ltd. (9252) AI Stock Analysis

• Market Cap: ¥11.56B
• Dividend Yield: 0.67%
• Average Volume (3M): 22.35K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 0.93
• Revenue Growth: 31.76%
• EPS Growth: -25.89%
• Country: JP
• Employees: 329
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 121.12
• Shares Outstanding: 2,782,064
• 10 Day Avg. Volume: 43,790
• 30 Day Avg. Volume: 22,346
• PEG Ratio: -1.17
• Price to Book (P/B): 2.43
• Price to Sales (P/S): 0.68
• P/FCF Ratio: 7.99
• 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): 415.8
• Revenue Forecast (FY): ¥18.80B

• Rating: 68 Neutral
• Price Target: ¥4,867.00 ▲(35.38% Upside)
• Action: Downgraded Date: 03/03/26
• Date: Action: Downgraded 03/03/26

The score is primarily supported by improving fundamentals and strong free cash flow generation alongside steady revenue growth. It is held back by meaningful leverage and thinner TTM net margins, while technical signals are mixed (negative MACD despite price above major moving averages). Valuation is reasonable with a modest P/E, but the low dividend yield limits additional support.

Positive Factors

Revenue Growth Trend

Consistent multi‑year revenue growth demonstrates expanding demand for last‑mile services and successful client partnerships. A growing top line supports scale advantages, improves fixed‑cost absorption, and underpins medium‑term investments in tech and route efficiency that sustain competitive position.

Strong Free Cash Flow Generation

Robust FCF and high FCF growth indicate earnings quality and internal funding capacity. Free cash flow tracking net income (~0.96x) provides durable resources for capex, technology, selective M&A or debt reduction, reducing reliance on external financing over the medium term.

Improved Capital Base & ROE

Higher equity and strong ROE signal efficient use of shareholder capital and an improving balance sheet. Lowered debt/equity versus prior year increases financial resilience, bolstering capacity to invest in operations and technology while maintaining attractive returns on capital for shareholders.

Negative Factors

Rising Absolute Debt

A large increase in absolute debt materially raises fixed obligations and interest exposure. If revenue or margins weaken, higher debt amplifies financial risk and could limit strategic flexibility; sustained leverage growth may constrain investment or force higher cost refinancing over time.

Thinner Net Margins

Compression in net margins suggests rising costs, pricing pressure, or heavier investments that reduce bottom‑line conversion. Persistently modest margins weaken ability to self‑fund growth or delever, lowering buffers against market downturns and reducing durability of profit retention.

OCF Coverage of Debt Is Modest

Operating cash flow covering ~35% of total debt implies gradual deleveraging absent structural margin improvement or asset sales. This modest coverage increases sensitivity to cash flow volatility and could limit capital allocation choices or require external funding in adverse conditions.

Last One Mile Co.,Ltd. Business Overview & Revenue Model

Company Description

Last One Mile Co.,Ltd. engages in last mile business in Japan and internationally. The company offers handling services, such as electric power, gas, water saving appliances, water servers, internet fiber optic line, internet services, security, printing, business phone, corporate mobile, Wi-Fi, surveillance camera, and music broadcast, as well as LED lighting, IoT, moving, furniture and home rental, commercial air conditioner, etc. The company was incorporated in 2012 and is headquartered in Toshima, Japan.

How the Company Makes Money

Last One Mile Co.,Ltd. generates revenue primarily through providing last-mile delivery services to businesses across various industries. The company charges clients based on delivery volume, distance, and speed requirements, offering customized solutions to meet specific business needs. Key revenue streams include contracts with e-commerce platforms, retailers, and other businesses requiring efficient logistics solutions. Additionally, the company may form strategic partnerships with technology firms to integrate cutting-edge logistics software, enhancing service offerings and creating additional revenue through premium services. Operational efficiency and a strong customer base contribute significantly to its earnings.

Last One Mile Co.,Ltd. Financial Statement Overview

Summary

Revenue is growing (TTM ~+6.2%) with improved profitability versus the 2022 loss year, and cash generation is solid (TTM FCF 1.58B; ~18.3% growth; ~0.96x net income). Offsetting this, leverage is meaningful with rising absolute debt (4.34B) and modest operating cash flow coverage of debt (~0.35), while TTM net margin (~4.3%) is thinner than 2024 (~7.0%).

Income Statement

TTM (Trailing-Twelve-Months) revenue rose to 16.47B (about +6.2%), extending a multi-year growth trend from 8.32B (2021). Profitability has improved meaningfully versus 2022’s loss year, with TTM operating profit margin at ~7.5% and EBITDA margin near ~10%. The main watch-out is that net margin is modest (~4.3%) and sits below 2024’s stronger level (~7.0%), suggesting higher costs, pricing pressure, or heavier investment is dampening bottom-line conversion despite solid gross margin (~71%).

Balance Sheet

The balance sheet shows improved capital strength versus 2023, with equity up to 4.67B (TTM) and debt-to-equity down to ~0.92 from ~1.21 in 2024. Returns on equity remain healthy (TTM ~19.5%), indicating the business is generating good profits relative to shareholder capital. However, absolute debt has increased to 4.34B (TTM) from 0.73B in 2023, and leverage is still meaningful, which can constrain flexibility if profitability softens.

Cash Flow

Cash generation is a clear positive: TTM operating cash flow is 1.66B and free cash flow is 1.58B, with strong TTM free-cash-flow growth (~18.3%). Free cash flow is closely tracking reported earnings (about 0.96x net income), which supports earnings quality. The weakness is that operating cash flow covers only a modest portion of total debt (TTM ~0.35), implying the debt load would take time to pay down from ongoing cash generation, even though current cash flow is solid.

Breakdown	TTM	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Nov 2021
Income Statement
Total Revenue	16.47B	15.51B	11.77B	9.43B	8.73B	8.32B
Gross Profit	11.87B	11.02B	7.76B	5.96B	5.30B	5.23B
EBITDA	1.82B	1.56B	1.17B	324.32M	21.47M	311.78M
Net Income	853.84M	674.03M	825.43M	326.68M	-72.62M	159.22M
Balance Sheet
Total Assets	12.12B	11.19B	9.78B	3.35B	3.07B	2.79B
Cash, Cash Equivalents and Short-Term Investments	3.07B	3.15B	2.72B	1.29B	1.14B	1.27B
Total Debt	4.34B	3.99B	4.06B	733.43M	736.85M	438.64M
Total Liabilities	7.45B	6.83B	6.43B	1.87B	1.95B	1.55B
Stockholders Equity	4.67B	4.35B	3.35B	1.48B	1.12B	1.24B
Cash Flow
Free Cash Flow	1.58B	1.32B	1.55B	352.28M	-285.56M	294.00M
Operating Cash Flow	1.66B	1.39B	1.65B	385.98M	-284.39M	297.65M
Investing Cash Flow	-290.88M	234.05M	-514.48M	-245.88M	69.90M	79.04M
Financing Cash Flow	-619.54M	-1.08B	124.66M	13.71M	83.94M	227.01M

Last One Mile Co.,Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3595.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9252, the sentiment is Positive. The current price of 3595 is below the 20-day moving average (MA) of 4210.60, below the 50-day MA of 4178.25, and below the 200-day MA of 3909.22, indicating a bullish trend. The MACD of -12.92 indicates Negative momentum. The RSI at 62.62 is Neutral, neither overbought nor oversold. The STOCH value of 72.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9252.

Last One Mile Co.,Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9307	78 Outperform	¥17.10B	18.41	―	1.49%	1.23%	0.12%
9252	68 Neutral	¥11.56B	13.11	―	0.67%	31.76%	-25.89%
9319	65 Neutral	¥32.46B	17.64	―	2.59%	4.02%	18.12%
9325	65 Neutral	¥12.77B	15.13	―	2.63%	18.27%	-4.07%
9322	65 Neutral	¥22.48B	34.12	―	1.13%	3.37%	9.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9313	56 Neutral	¥6.51B	21.11	―	2.29%	0.08%	105.25%

Last One Mile Co.,Ltd. Corporate Events

Last One Mile Outlines Leadership Roles and Subsidiary Focus for FY2026

The first-quarter update for the fiscal year ending August 2026 clarifies the leadership structure anchoring Last One Mile’s core operations: President and COO Koichi Matsunaga concentrates on governance and strengthening the flagship business, while Chairman and CEO Makoto Watanabe directs group-wide expansion through subsidiaries such as Broadband Connection, Career, Vendor, HOTEL STUDIO, SHC, and Telvel, positioning the company for broader market reach across multiple service verticals.

The most recent analyst rating on (JP:9252) stock is a Buy with a Yen5226.00 price target. To see the full list of analyst forecasts on Last One Mile Co.,Ltd. stock, see the JP:9252 Stock Forecast page.

Last One Mile’s Q1 Profit Nearly Doubles as Logistics Demand Surges

The company’s first-quarter results showed sales up 27.7% to ¥4.4 billion and operating profit nearly doubling to ¥512 million, driven by strong delivery demand and improved efficiency, while equity rose to ¥4.7 billion despite a slightly lower equity ratio, reflecting an expanding asset base. Management maintained its full-year forecast of ¥18.8 billion revenue and ¥1.8 billion operating profit and highlighted portfolio reshaping—adding Telvel Co. Ltd. and divesting CITV Hikari Co. Ltd.—to sharpen focus on higher-margin logistics services, signaling continued discipline in capital allocation and shareholder returns, including a planned ¥30 dividend for the year.

The most recent analyst rating on (JP:9252) stock is a Buy with a Yen5226.00 price target. To see the full list of analyst forecasts on Last One Mile Co.,Ltd. stock, see the JP:9252 Stock Forecast page.