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Sugimura Warehouse Co., Ltd.
(9307)
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Rating:72Outperform
Price Target:
¥1,100.00
▲(7.74% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily driven by solid financial performance, led by accelerating growth and a significantly strengthened balance sheet. Offsetting this are mixed technical signals and some recent weakening in cash conversion, while valuation is reasonable but not distinctly cheap and the dividend yield is modest.
Positive Factors
Accelerating Revenue Growth
Sustained ~18% revenue acceleration in 2026 indicates strengthening demand for outsourced warehousing and higher facility utilization. Over the next 2–6 months this durable top-line momentum supports pricing leverage, scale efficiencies in operations, and a larger base for future margin recovery and reinvestment.
Negative Factors
Weaker Cash Conversion
A drop to ~0.68x FCF/net income signals that reported profits are converting to cash less efficiently. Over 2–6 months this raises risks around funding discretionary spending, sustaining dividends, or accelerating capex without increasing working capital, and warrants monitoring of receivables and inventory cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue Growth
Sustained ~18% revenue acceleration in 2026 indicates strengthening demand for outsourced warehousing and higher facility utilization. Over the next 2–6 months this durable top-line momentum supports pricing leverage, scale efficiencies in operations, and a larger base for future margin recovery and reinvestment.
Read all positive factors
Sugimura Warehouse Co., Ltd. (9307) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥16.14B
Dividend Yield1.52%
Average Volume (3M)99.00K
Price to Earnings (P/E)16.3
Beta (1Y)0.59
Revenue Growth0.41%
EPS Growth6.83%
CountryJP
Employees377
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)60.47
Shares Outstanding16,419,110
10 Day Avg. Volume21,690
30 Day Avg. Volume99,003
Financial Highlights & Ratios
PEG Ratio3.12
Price to Book (P/B)0.94
Price to Sales (P/S)1.48
P/FCF Ratio13.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sugimura Warehouse Co., Ltd. Business Overview & Revenue Model
Company Description
Sugimura Warehouse Co., Ltd. (9307) is a Japan-based logistics company focused on warehousing and related distribution services. The company’s core offerings center on storage/warehouse operations and associated logistics support services for cust...
How the Company Makes Money
Sugimura Warehouse Co., Ltd. primarily earns revenue by providing logistics services on a fee-for-service basis. Key revenue streams typically include (1) warehousing fees charged for storing customer goods (often structured by storage space, dura...
Sugimura Warehouse Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.27B | 11.24B | 11.24B | 10.85B | 10.55B | 10.19B |
| Gross Profit | 2.63B | 2.65B | 2.43B | 2.23B | 1.97B | 2.05B |
| EBITDA | 2.35B | 2.38B | 2.34B | 2.29B | 2.03B | 2.05B |
| Net Income | 988.30M | 967.38M | 917.30M | 863.81M | 716.67M | 800.28M |
Balance Sheet | ||||||
| Total Assets | 22.68B | 22.72B | 22.35B | 22.08B | 22.03B | 21.91B |
| Cash, Cash Equivalents and Short-Term Investments | 5.69B | 5.67B | 5.22B | 4.26B | 3.56B | 2.91B |
| Total Debt | 2.33B | 2.40B | 2.90B | 3.40B | 4.20B | 4.96B |
| Total Liabilities | 4.92B | 4.97B | 5.58B | 6.09B | 6.89B | 7.37B |
| Stockholders Equity | 17.75B | 17.75B | 16.78B | 16.00B | 15.15B | 14.54B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.27B | 1.70B | 1.69B | 1.48B | 1.27B |
| Operating Cash Flow | 0.00 | 1.88B | 1.95B | 2.10B | 1.85B | 1.56B |
| Investing Cash Flow | 0.00 | -601.56M | -242.52M | -413.54M | -283.41M | -291.61M |
| Financing Cash Flow | 0.00 | -830.20M | -747.00M | -983.88M | -919.52M | -1.70B |
Sugimura Warehouse Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥55.02B | 12.60 | ― | 1.68% | 5.30% | 9.07% | |
72 Outperform | ¥16.14B | 16.29 | ― | 1.49% | 0.41% | 6.83% | |
61 Neutral | ¥32.56B | 15.81 | ― | 2.59% | 1.35% | 23.08% | |
60 Neutral | ¥72.67B | 7.19 | ― | 2.75% | 2.00% | 236.91% | |
56 Neutral | ¥6.28B | 15.13 | ― | 2.29% | 0.75% | -51.32% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥18.66B | 29.53 | ― | 1.13% | 3.36% | -15.06% |
* General Sector Average
JP:9307
Sugimura Warehouse Co., Ltd.
985.00
93.95
10.54%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.