Mitsubishi Logistics (9301) AI Stock Analysis

• Market Cap: ¥490.98B
• Dividend Yield: 2.81%
• Average Volume (3M): 922.45K
• Price to Earnings (P/E): 9.0
• Beta (1Y): 0.66
• Revenue Growth: 8.22%
• EPS Growth: 48.07%
• Country: JP
• Employees: 4,922
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): N/A
• Shares Outstanding: 378,882,300
• 10 Day Avg. Volume: 1,079,170
• 30 Day Avg. Volume: 922,450
• PEG Ratio: 0.58
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 1.26
• P/FCF Ratio: 21.79
• 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: 68 Neutral
• Price Target: ¥1,438.00 ▲(20.08% Upside)

The score is anchored by mixed fundamentals: solid profitability and a sound balance sheet are offset by weak cash conversion and negative TTM free cash flow. Technicals add support given a strong uptrend and positive momentum, and valuation is favorable with a low P/E and a moderate dividend yield.

Positive Factors

Integrated logistics network

Mitsubishi Logistics' integrated domestic and international warehousing, distribution, cargo handling and transport creates diversified, fee-based revenue streams and long-term corporate contracts. Cross-selling and multi-modal capabilities increase customer stickiness and reduce single-segment cyclical risk over months.

Solid TTM profitability

Trailing-twelve-month margins and net profit are described as solid, supporting durable earnings power. Improved margins and stronger bottom-line performance enable reinvestment and give buffer against cyclical pressure, underpinning longer-term cash generation if revenue stabilizes.

Conservative balance sheet

With debt roughly one-third of equity and a sizable equity base, the company has moderate leverage and financial capacity to invest in logistics assets or absorb shocks. This balance-sheet conservatism supports resilience and strategic flexibility across multi-month industry cycles.

Negative Factors

Weak cash conversion

Operating cash flow lagging reported earnings and a negative TTM free cash flow raise quality-of-earnings concerns. Persistently poor cash conversion limits capacity for capex, dividends and debt servicing, increasing reliance on external financing and reducing strategic optionality.

Material revenue decline

TTM revenue is reported materially lower (≈-50% growth metric), indicating notable demand or volume weakness. Sustained revenue contraction undermines scale economics, reduces warehouse/transport utilization and pressures margins and bargaining leverage with carriers over the medium term.

Rising debt exposure

A recent rise in total debt versus last annual figures heightens leverage risk, especially alongside negative FCF. Higher indebtedness increases refinancing and interest-rate exposure, potentially constraining capital allocation and limiting competitiveness in bidding for long-term contracts.

Mitsubishi Logistics Business Overview & Revenue Model

Company Description

Mitsubishi Logistics Corporation provides logistic services in Japan and internationally. The company operates through Logistics and Real Estate segments. It offers warehousing and distribution center services, and truck transportation services. The company operates ports and harbors; and provides railway, ocean, and air cargo transportation, as well as import/export customs clearance services. It is also involved in the purchase, leasing, management, and construction of real estate; and provision of ship registration services and other related services. The company was formerly known as Mitsubishi Warehouse Co., Ltd. and changed its name to Mitsubishi Logistics Corporation in 1996. Mitsubishi Logistics Corporation was founded in 1887 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Mitsubishi Logistics generates revenue primarily through its logistics and transportation services, which include freight forwarding, warehousing, and inventory management. Key revenue streams come from long-term contracts with clients in need of integrated logistics solutions, as well as from the leasing of its logistics facilities. The company also benefits from strategic partnerships with major shipping companies and technology firms, enabling it to enhance its service offerings and operational efficiency. Furthermore, the growth of e-commerce and global trade has contributed to increased demand for its logistics services, further boosting its earnings.

Mitsubishi Logistics Financial Statement Overview

Summary

Mitsubishi Logistics demonstrates strong profitability with a solid balance sheet, effective cost management, and prudent financial leverage. However, challenges include a decline in revenue growth and free cash flow, which need addressing to sustain long-term growth.

Income Statement

Mitsubishi Logistics shows strong profitability with a TTM net profit margin of 13.13% and an EBIT margin of 18.25%. However, the company faces challenges with a negative revenue growth rate of -0.51% in the TTM, indicating a decline in sales. Despite this, the gross profit margin remains stable at 12.64%, reflecting efficient cost management.

Balance Sheet

The balance sheet is robust with a manageable debt-to-equity ratio of 0.30, indicating prudent financial leverage. Return on equity is healthy at 9.91%, showcasing effective use of shareholder funds. The equity ratio stands at 60.00%, reflecting a strong equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by -34.99% in the TTM, which could impact future investments. The operating cash flow to net income ratio is 0.32, suggesting moderate cash generation from operations. The free cash flow to net income ratio is 0.30, indicating some pressure on cash flow relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	274.91B	284.07B	254.51B	300.59B	257.23B	213.73B
Gross Profit	32.47B	34.89B	31.43B	34.70B	28.63B	21.85B
EBITDA	91.99B	67.79B	56.08B	57.28B	42.05B	71.73B
Net Income	51.83B	31.86B	27.79B	27.23B	17.89B	39.16B
Balance Sheet
Total Assets	626.65B	626.06B	679.14B	573.69B	562.19B	535.76B
Cash, Cash Equivalents and Short-Term Investments	52.17B	63.39B	61.02B	64.00B	52.96B	61.88B
Total Debt	123.22B	110.07B	117.36B	105.28B	102.90B	107.35B
Total Liabilities	251.13B	246.78B	267.44B	219.26B	214.43B	208.93B
Stockholders Equity	370.79B	374.67B	405.43B	350.80B	344.08B	323.59B
Cash Flow
Free Cash Flow	-7.44B	16.46B	23.51B	20.07B	-1.79B	451.00M
Operating Cash Flow	9.76B	29.62B	41.77B	40.49B	36.22B	40.18B
Investing Cash Flow	11.31B	15.50B	-31.48B	-14.38B	-29.22B	-14.00B
Financing Cash Flow	-26.39B	-44.19B	-14.86B	-17.07B	-16.52B	-5.27B

Mitsubishi Logistics Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1197.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9301, the sentiment is Positive. The current price of 1197.5 is below the 20-day moving average (MA) of 1304.10, below the 50-day MA of 1226.20, and above the 200-day MA of 1157.73, indicating a bullish trend. The MACD of 33.41 indicates Positive momentum. The RSI at 61.80 is Neutral, neither overbought nor oversold. The STOCH value of 36.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9301.

Mitsubishi Logistics Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9364	75 Outperform	¥506.47B	19.21	7.13%	3.35%	6.71%	15.51%
9065	74 Outperform	¥451.55B	14.90	10.92%	2.55%	6.45%	24.72%
9072	73 Outperform	¥454.59B	25.89	7.15%	1.86%	10.70%	17.58%
9301	68 Neutral	¥490.98B	9.05	12.56%	2.81%	8.22%	48.07%
9069	66 Neutral	¥327.31B	18.90	8.30%	2.50%	7.94%	-13.01%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9147	60 Neutral	¥849.39B	36.13	―	2.99%	4.96%	1.67%

Mitsubishi Logistics Corporate Events

Mitsubishi Logistics Lifts Full-Year Profit Forecast on Investment Gains Despite U.S. Subsidiary Impairment

Mitsubishi Logistics has revised its full-year forecast for the fiscal year ending March 31, 2026, keeping revenue and all profit-line forecasts unchanged except for profit attributable to owners of parent, which has been raised by ¥5 billion to ¥50 billion, lifting projected basic earnings per share to ¥142.16. The upward revision is driven mainly by expected extraordinary income from the sale of investment securities as part of a reduction in cross-shareholdings, partly offset by an anticipated ¥5 billion impairment loss on goodwill and related assets at subsidiary Cavalier Logistics Group due to weaker U.S. logistics demand and delays in starting operations at new warehouses; despite these extraordinary items, the company is maintaining its dividend forecast, signaling confidence in shareholder returns while adjusting its portfolio and responding to changing market conditions in its overseas logistics operations.

The most recent analyst rating on (JP:9301) stock is a Buy with a Yen1482.00 price target. To see the full list of analyst forecasts on Mitsubishi Logistics stock, see the JP:9301 Stock Forecast page.

Mitsubishi Logistics to Sell Cross-Held Shares, Booking ¥20.5 Billion Gain

Mitsubishi Logistics Corporation has resolved to sell a portion of its investment securities, specifically three listed stocks, as part of a broader strategy to reduce its cross-held shareholdings and improve capital efficiency. The planned divestment, scheduled between February and September 2026, is expected to generate an estimated gain of about ¥20.5 billion, which will be recorded as extraordinary income in the fiscal year ending March 31, 2026 and in the first two quarters of the following fiscal year; the impact on FY2026 consolidated results has already been factored into the company’s latest earnings forecast, underscoring a deliberate shift in capital allocation and governance-focused portfolio management.

The most recent analyst rating on (JP:9301) stock is a Buy with a Yen1482.00 price target. To see the full list of analyst forecasts on Mitsubishi Logistics stock, see the JP:9301 Stock Forecast page.

Mitsubishi Logistics Doubles Nine-Month Profit Despite Revenue Decline

Mitsubishi Logistics reported revenue of ¥205.1 billion for the nine months ended 31 December 2025, down 4.3% year on year, while operating profit fell 25.1% to ¥12.1 billion, even as business profit and ordinary profit rose and profit attributable to owners of parent nearly doubled to ¥42.3 billion, lifting basic earnings per share to ¥119.58 after last year’s stock split. The company maintained a solid financial position with an equity ratio above 59%, kept its dividend forecast for the year to March 2026 at ¥36 per share, raised its full-year profit outlook despite lower expected revenue and operating profit, and expanded its scope of equity-method affiliates, signalling an ongoing focus on capital efficiency, shareholder returns and growth in asset-related and equity-method businesses.

The most recent analyst rating on (JP:9301) stock is a Buy with a Yen1482.00 price target. To see the full list of analyst forecasts on Mitsubishi Logistics stock, see the JP:9301 Stock Forecast page.

Mitsubishi Logistics Advances Share Buyback Program Under Board Authorization

Mitsubishi Logistics Corporation has been conducting a share buyback authorized by its board on April 30, 2025, under provisions of the Companies Act, as part of its capital management strategy. In December 2025, the company repurchased 1,329,700 shares of its common stock on the Tokyo Stock Exchange for approximately 1.56 billion yen, bringing cumulative buybacks under this program to 13,384,200 shares at a total cost of about 15.49 billion yen. This remains within the authorized ceiling of 33 million shares and 20 billion yen to be acquired between May 1, 2025 and March 19, 2026, indicating continued scope for further purchases and reflecting ongoing efforts to enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (JP:9301) stock is a Buy with a Yen1339.00 price target. To see the full list of analyst forecasts on Mitsubishi Logistics stock, see the JP:9301 Stock Forecast page.

Mitsubishi Logistics Restructures to Advance Grid Electricity Storage Business

Mitsubishi Logistics Corporation has approved an organizational restructuring to support the full-scale launch of its grid electricity storage business, establishing a dedicated Grid Electricity Storage Preparation Chamber effective January 1, 2026. Concurrently, the company is realigning senior management responsibilities by adding the grid electricity storage business to Director and Managing Executive Officer Munenori Kimura’s portfolio and appointing Yoshiharu Arai, formerly Deputy General Manager of the Corporate Planning Division, as General Manager of the new preparation chamber, underscoring the strategic importance of energy-related services within its broader logistics and international operations.

The most recent analyst rating on (JP:9301) stock is a Buy with a Yen1339.00 price target. To see the full list of analyst forecasts on Mitsubishi Logistics stock, see the JP:9301 Stock Forecast page.

Mitsubishi Logistics Acquires Treasury Shares to Optimize Capital Structure

Mitsubishi Logistics Corporation announced the acquisition of 1,488,400 treasury shares at a cost of 1,654,838,650 yen through open-market purchases on the Tokyo Stock Exchange during November 2025. This move is part of a broader strategy approved by the Board of Directors to acquire up to 33,000,000 shares by March 2026, reflecting the company’s efforts to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (JP:9301) stock is a Buy with a Yen1294.00 price target. To see the full list of analyst forecasts on Mitsubishi Logistics stock, see the JP:9301 Stock Forecast page.

Mitsubishi Logistics Advances Treasury Share Acquisition Strategy

Mitsubishi Logistics Corporation announced the acquisition of 1,764,800 treasury shares at a cost of 2,019,760,850 yen, conducted through open-market purchases on the Tokyo Stock Exchange during October 2025. This move is part of a broader strategy authorized by the Board of Directors to acquire up to 33 million shares, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:9301) stock is a Buy with a Yen1294.00 price target. To see the full list of analyst forecasts on Mitsubishi Logistics stock, see the JP:9301 Stock Forecast page.