Shibusawa Warehouse Co., Ltd. (9304) AI Stock Analysis

• Market Cap: ¥67.07B
• Dividend Yield: 3.74%
• Average Volume (3M): 116.34K
• Price to Earnings (P/E): 12.5
• Beta (1Y): 0.59
• Revenue Growth: 4.17%
• EPS Growth: 24.54%
• Country: JP
• Employees: 1,289
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 25.91
• Shares Outstanding: 60,870,987
• 10 Day Avg. Volume: 114,710
• 30 Day Avg. Volume: 116,336
• PEG Ratio: 0.26
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.60
• P/FCF Ratio: 222.47
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ¥5,009.00 ▲(326.30% Upside)

The overall stock score for Shibusawa Warehouse Co., Ltd. is driven by strong technical indicators and attractive valuation metrics, despite challenges in cash flow management. The stock's upward trend and low P/E ratio suggest potential for growth, while the dividend yield offers additional investor appeal.

Positive Factors

Revenue Growth

The company's strong revenue growth rate highlights its ability to expand market reach and capture new business opportunities, which is crucial for long-term sustainability and competitiveness in the logistics sector.

Leverage Management

Improved leverage management enhances financial stability and reduces risk, providing the company with greater flexibility to invest in growth opportunities and withstand economic fluctuations.

Profitability Margins

Stable profitability margins indicate efficient cost management and pricing strategies, ensuring the company can maintain profitability even as it scales operations and faces competitive pressures.

Negative Factors

Cash Flow Management

Negative free cash flow suggests that the company may face challenges in funding operations and growth initiatives without relying on external financing, which could impact long-term financial health.

Operational Efficiency

Decreasing EBIT margins indicate potential inefficiencies in operations, which could erode profitability and competitiveness if not addressed through cost control and process improvements.

Asset Utilization

Suboptimal asset utilization can limit the company's ability to maximize returns on investments, potentially affecting growth and profitability if not optimized through strategic asset management.

Shibusawa Warehouse Co., Ltd. Business Overview & Revenue Model

Company Description

Shibusawa Warehouse Co., Ltd. (9304) is a prominent logistics and warehousing company based in Japan. It specializes in the storage, management, and distribution of goods across various sectors, including retail, manufacturing, and e-commerce. The company operates a network of warehouses equipped with advanced technologies to ensure efficient inventory management and supply chain solutions, catering to both domestic and international clients.

How the Company Makes Money

Shibusawa Warehouse generates revenue primarily through its warehousing and logistics services. The company charges clients for storage space, handling services, and transportation of goods. Key revenue streams include long-term contracts with major retailers and manufacturers, which provide stable income, as well as short-term agreements with e-commerce businesses that require flexible storage solutions. Additionally, Shibusawa Warehouse benefits from partnerships with shipping companies and logistics providers, which enhance its service offerings and broaden its market reach. The company's ability to optimize operations and adopt technological advancements also contributes to its profitability by reducing costs and improving service efficiency.

Shibusawa Warehouse Co., Ltd. Financial Statement Overview

Summary

Shibusawa Warehouse Co., Ltd. demonstrates strong revenue growth and stable profitability margins, but faces challenges in operational efficiency and cash flow management. The balance sheet shows improved leverage, but negative free cash flow is a concern that needs addressing to ensure long-term financial health.

Income Statement

Shibusawa Warehouse Co., Ltd. shows strong revenue growth with a TTM growth rate of 70.2%, indicating robust expansion. The gross profit margin is stable at around 11.2%, and the net profit margin is healthy at 6.2%. However, the EBIT margin has decreased from 9.2% in the previous year to 6.3% TTM, suggesting some pressure on operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.47 TTM from 0.66 in the previous year, indicating better leverage management. Return on equity is moderate at 7.8%, reflecting decent profitability. The equity ratio is stable, showing a balanced capital structure, but there is room for improvement in asset utilization.

Cash Flow

The operating cash flow is positive, but the free cash flow is negative TTM, indicating potential liquidity issues. The free cash flow growth rate is significantly negative, which could pose risks if not addressed. The operating cash flow to net income ratio is below 1, suggesting that earnings are not fully translating into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	79.17B	78.62B	73.42B	78.50B	71.74B	65.33B
Gross Profit	8.63B	8.70B	8.26B	8.67B	7.95B	7.04B
EBITDA	11.57B	10.06B	8.32B	8.40B	10.08B	7.44B
Net Income	5.10B	4.91B	3.73B	3.76B	5.26B	2.75B
Balance Sheet
Total Assets	117.62B	117.45B	112.77B	115.83B	108.99B	104.40B
Cash, Cash Equivalents and Short-Term Investments	11.45B	11.83B	12.48B	25.27B	21.23B	20.29B
Total Debt	30.77B	30.33B	27.41B	37.87B	36.31B	38.63B
Total Liabilities	52.32B	52.11B	50.15B	57.96B	55.34B	56.15B
Stockholders Equity	64.34B	64.38B	61.73B	57.07B	53.33B	47.91B
Cash Flow
Free Cash Flow	-925.00M	212.00M	-814.00M	5.42B	5.17B	3.52B
Operating Cash Flow	5.48B	6.35B	5.83B	6.73B	6.03B	6.95B
Investing Cash Flow	-5.92B	-6.01B	-6.94B	-2.74B	-868.00M	-3.29B
Financing Cash Flow	-354.00M	-1.41B	-11.69B	-2.04B	-3.69B	1.36B

Shibusawa Warehouse Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1175.00
• 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:9304, the sentiment is Positive. The current price of 1175 is above the 20-day moving average (MA) of 1141.30, above the 50-day MA of 1131.38, and above the 200-day MA of 981.76, indicating a bullish trend. The MACD of 14.59 indicates Negative momentum. The RSI at 59.88 is Neutral, neither overbought nor oversold. The STOCH value of 64.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9304.

Shibusawa Warehouse Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9306	80 Outperform	¥13.12B	8.68	―	3.07%	4.45%	29.58%
9381	78 Outperform	¥48.82B	15.42	―	4.09%	10.52%	7.14%
9310	75 Outperform	¥71.31B	11.47	―	3.76%	2.67%	18.02%
9304	73 Outperform	¥67.07B	12.49	―	3.74%	4.17%	24.54%
9351	73 Outperform	¥12.42B	8.94	―	3.86%	4.96%	38.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9369	58 Neutral	¥61.17B	26.63	―	1.12%	4.26%	―

Shibusawa Warehouse Co., Ltd. Corporate Events

Shibusawa Logistics to Record Extraordinary Income from Fujitec Share Sale

Shibusawa Logistics Corporation has decided to tender all its shares in Fujitec Co., Ltd. in a tender offer by Bospolder 1 Corporation, expecting to record extraordinary income in Q3 of the fiscal year ending March 2026. This decision, supported by Fujitec’s Board, is anticipated to result in a gain of 2,658 million yen, although the full impact on the company’s earnings forecast is still under review.

Shibusawa Logistics Revises Financial and Dividend Forecasts for FY 2026

Shibusawa Logistics Corporation has revised its full-year consolidated financial forecast for the fiscal year ending March 2026, citing strong performance in its land transportation business and contributions from new facilities. The company also announced an increase in its dividend forecast, reflecting its commitment to shareholder returns and proactive growth investments.

Shibusawa Logistics Increases Interim Dividends Amid Strong Performance

Shibusawa Logistics Corporation announced an increase in interim dividends, raising the dividend per share from the previous forecast of 90 yen to 96 yen, effective December 1, 2025. This decision reflects the company’s policy of progressive dividends and is based on current business performance and future outlook, aiming to maintain a dividend payout ratio of 50% or more.

Shibusawa Logistics Reports Mixed Financial Results and Dividend Revision

Shibusawa Logistics Corporation reported its consolidated financial results for the six months ended September 30, 2025, showing a slight increase in operating revenues by 1.2% year-on-year. Despite the revenue growth, the company experienced declines in operating and ordinary profits by 18.7% and 14.4%, respectively. However, profit attributable to owners of the parent increased by 24.2%. The company also announced a revision in its dividend forecast for the fiscal year ending March 31, 2026, reflecting a stock split conducted on October 1, 2025. This announcement indicates a strategic adjustment in financial planning, potentially impacting shareholder returns and market perception.