Asagami Corporation (9311) AI Stock Analysis

• Market Cap: ¥12.61B
• Dividend Yield: 1.68%
• Average Volume (3M): 240.00
• Price to Earnings (P/E): 1.7
• Beta (1Y): 0.18
• 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

Gross margin strength

Consistently healthy gross margins above 20% indicate durable operational efficiency in core logistics services. This margin buffer supports stable EBIT/EBITDA, allows reinvestment in service quality or selective price competition, and helps absorb cost shocks over the medium term.

Operating cash generation

Persistent positive operating cash flow shows the business converts revenue into cash reliably. This reduces reliance on external financing, supports working capital and capex needs, and provides a stable base for funding investments or smoothing through cyclical revenue periods.

Conservative balance sheet

Moderate leverage and a strong equity ratio mean the company is well-capitalized and has financial flexibility. That conservatism lowers refinancing risk, supports investment capacity for operational initiatives, and makes the firm more resilient to sector shocks.

Negative Factors

Low, volatile net margins

Low and volatile net margins limit retained earnings and make profitability sensitive to non-operating costs or one-offs. Over the medium term this constrains the firm's ability to build reserves, pay consistent dividends, or fund growth without increasing leverage or cutting strategic investments.

Inconsistent revenue growth

Uneven top-line trends and the recent decline in revenue complicate capacity planning and dilute scale economics in logistics. Without stable revenue expansion, margin improvement and return on invested capital are harder to achieve, limiting durable growth prospects.

Low return on equity

A low ROE indicates the company struggles to convert equity into attractive profits, signaling potential inefficiencies or underperforming assets. Over months this reduces shareholder return potential and may pressure management to restructure operations or capital allocation.

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: Positive
• RSI: Neutral
• STOCH: Neutral

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 8975.50, below the 50-day MA of 8224.60, and above the 200-day MA of 6883.75, indicating a bullish trend. The MACD of 299.45 indicates Positive momentum. The RSI at 59.72 is Neutral, neither overbought nor oversold. The STOCH value of 57.02 is Neutral, 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	¥14.11B	8.60	―	3.04%	4.45%	29.58%
9051	76 Outperform	¥7.37B	25.66	―	1.05%	2.07%	-29.13%
9312	75 Outperform	¥19.14B	6.27	―	2.46%	7.13%	16.09%
9351	73 Outperform	¥15.43B	7.26	―	3.85%	4.96%	38.47%
9311	71 Outperform	¥12.61B	1.66	―	1.68%	-0.59%	75.89%
9355	68 Neutral	¥5.87B	5.71	―	1.44%	3.99%	151.49%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%