Asagami Corporation (9311) AI Stock Analysis

• Market Cap: ¥13.26B
• Dividend Yield: 1.68%
• Average Volume (3M): 240.00
• Price to Earnings (P/E): 8.2
• Beta (1Y): 0.16
• Revenue Growth: -0.59%
• EPS Growth: 75.89%
• Country: JP
• Employees: 1,527
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 1110.10
• Shares Outstanding: 1,418,000
• 10 Day Avg. Volume: 260
• 30 Day Avg. Volume: 240
• PEG Ratio: 0.19
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 0.22
• P/FCF Ratio: 5.12
• 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: 71 Outperform
• Price Target: ¥10,277.00 ▲(29.43% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is driven primarily by solid overall financial fundamentals (healthy gross margins, moderate leverage, and positive operating cash flow) but tempered by low/volatile net margins, inconsistent revenue growth, and uneven free cash flow. Valuation is supportive with a low P/E, while technicals show a strong trend but overbought indicators increase near-term downside risk.

Positive Factors

Healthy Gross Margins

Sustained gross margins above 20% and stable EBIT/EBITDA indicate durable operational efficiency and cost control in Asagami's logistics operations. This supports persistent margin cushion against input cost swings, enabling reinvestment in services and stable operating profitability over months.

Consistent Operating Cash Flow

Consistently positive operating cash flow demonstrates reliable cash conversion from core logistics services. Over a multi-month horizon this funds working capital, routine capex, and debt servicing without resorting to equity issuance, improving resilience and enabling strategic investments or modest shareholder returns.

Solid Balance Sheet

A moderate debt-to-equity ratio and equity ratio above 40% give Asagami durable financial flexibility. This capital structure supports access to financing, cushions operational shocks, and permits measured capex or M&A to pursue growth without undermining creditworthiness over the medium term.

Negative Factors

Low Net Margins

Net margins around 2-3% leave little room for non-operating costs or adverse market moves. Persistently low bottom-line profitability limits retained earnings and ROE improvements, constrains capacity for large strategic investments, and makes long-term returns sensitive to small cost or revenue shocks.

Inconsistent Revenue Growth

Erratic revenue trends and recent decline undermine scale benefits in freight/logistics, complicating fixed-cost absorption and planning. Over several months this variability can pressure utilization, reduce bargaining leverage with clients/suppliers, and make sustained margin expansion difficult.

Volatile Free Cash Flow

Fluctuating free cash flow and recent declines signal uneven cash available after investments. This weakens the company's ability to fund discretionary spending, dividends, or debt reduction reliably and increases reliance on operational performance or external financing for longer-term strategic needs.

Asagami Corporation Business Overview & Revenue Model

Company Description

Asagami Corporation provides logistics services in Japan. The company operates through Logistics Business, Real Estate Business, and Printing Business segments. It offers warehousing services, such as deposition, consulting, and customized services; harbor services, including marine transportation, container handling, and customs clearance; land transportation services; and third-party logistics services comprising logistics network design, and warehousing and transportation services. In addition, the company provides newspaper, new year's card, and wedding card printing services; and air cargo services consisting of air cargo forwarding, customs brokerage arrangement, and packaging and crating services. Further, it offers information technology logistics management services, such as transaction and inventory management, consolidation, continuous move management, carrier management, cargo/carrier matching systems, and data exchange with ERP/SCM software through global logistics network. Additionally, it engages in leasing and management of real estate properties. Asagami Corporation company was incorporated in 1948 and is headquartered in Tokyo, Japan. The company is a subsidiary of OA Corporation.

How the Company Makes Money

Asagami Corporation generates revenue through multiple streams primarily centered around its logistics and transportation services. The key revenue streams include fees from freight forwarding services, which involve the coordination of shipments and transportation logistics for clients. Warehousing services also contribute significantly to revenue, where the company charges for storage and handling of goods. Additionally, Asagami earns income from supply chain management solutions, which involve consulting and optimization services for clients looking to enhance their logistical operations. Strategic partnerships with shipping companies and technology providers further bolster its offerings, allowing for improved service delivery and expanded market reach. The company's focus on technological integration, such as automation and data analytics, also enhances its operational efficiency and contributes positively to its bottom line.

Asagami Corporation Financial Statement Overview

Summary

Income statement shows healthy gross margins and stable EBIT/EBITDA margins, but net margins are low and volatile with inconsistent revenue growth. Balance sheet is solid with moderate leverage and a strong equity ratio, though ROE is low. Cash flow is supported by consistently positive operating cash flow, but free cash flow has been volatile with recent declines.

Income Statement

Asagami Corporation has shown moderate stability in its income statement metrics. The gross profit margin is healthy, consistently above 20%, indicating efficient cost management. However, the net profit margin shows volatility, averaging around 2-3%, suggesting room for improvement in controlling non-operating expenses. Revenue growth has been inconsistent, with recent declines following past growth, highlighting the need for strategic adjustments to ensure sustainable revenue streams. EBIT and EBITDA margins are stable, indicating decent operational efficiency.

Balance Sheet

The balance sheet reveals a stable financial position for Asagami Corporation, with a debt-to-equity ratio around 0.5, reflecting moderate leverage. Return on Equity (ROE) is low, averaging 4-6%, which may concern investors looking for high returns. The equity ratio is strong, above 40%, suggesting that the company is well-capitalized. Overall, while the company maintains a sound balance sheet, the low ROE indicates potential inefficiencies in utilizing shareholder funds for generating profits.

Cash Flow

The cash flow analysis shows mixed results. Operating cash flow is consistently positive, reflecting strong cash generation from core operations. However, free cash flow has shown fluctuations, with recent declines indicating potential challenges in managing capital expenditures efficiently. The operating cash flow to net income ratio is robust, highlighting effective cash conversion, but the free cash flow to net income ratio suggests inconsistencies in cash retention after investments. These factors indicate a need for tighter control on capital investments to enhance cash flow stability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	38.94B	38.94B	39.63B	41.09B	41.53B	38.78B
Gross Profit	8.22B	8.13B	8.15B	8.29B	8.43B	7.50B
EBITDA	3.62B	3.41B	3.11B	3.32B	3.74B	2.74B
Net Income	1.32B	1.17B	858.42M	997.01M	1.26B	147.81M
Balance Sheet
Total Assets	43.77B	44.25B	45.55B	45.33B	46.66B	47.43B
Cash, Cash Equivalents and Short-Term Investments	6.59B	7.08B	6.17B	6.09B	6.70B	6.86B
Total Debt	9.64B	10.41B	11.97B	13.65B	15.31B	17.03B
Total Liabilities	22.42B	22.94B	25.31B	26.25B	28.50B	30.32B
Stockholders Equity	21.22B	21.18B	20.11B	18.95B	18.04B	16.97B
Cash Flow
Free Cash Flow	0.00	1.64B	1.96B	833.26M	1.62B	1.26B
Operating Cash Flow	0.00	3.13B	2.84B	2.01B	2.56B	2.91B
Investing Cash Flow	0.00	-486.44M	-900.85M	-790.24M	-826.62M	-1.54B
Financing Cash Flow	0.00	-1.73B	-1.85B	-1.83B	-1.90B	25.33M

Asagami Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7940.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9311, the sentiment is Positive. The current price of 7940 is below the 20-day moving average (MA) of 8471.50, above the 50-day MA of 7867.60, and above the 200-day MA of 6725.30, indicating a bullish trend. The MACD of 417.54 indicates Negative momentum. The RSI at 82.98 is Negative, neither overbought nor oversold. The STOCH value of 87.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9311.

Asagami Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9306	80 Outperform	¥14.21B	10.20	―	3.04%	4.45%	29.58%
9051	76 Outperform	¥7.61B	22.88	―	1.05%	2.07%	-29.13%
9312	74 Outperform	¥21.94B	8.79	―	2.46%	7.13%	16.09%
9351	73 Outperform	¥15.88B	10.56	―	3.85%	4.96%	38.47%
9311	71 Outperform	¥13.26B	8.18	―	1.68%	-0.59%	75.89%
9355	68 Neutral	¥5.93B	7.96	―	1.44%	3.99%	151.49%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%