Chuo Warehouse Co., Ltd. (9319) AI Stock Analysis

• Market Cap: ¥32.77B
• Dividend Yield: 2.59%
• Average Volume (3M): 43.56K
• Price to Earnings (P/E): 17.4
• Beta (1Y): 0.48
• Revenue Growth: 4.02%
• EPS Growth: 18.12%
• Country: JP
• Employees: 701
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 20.86
• Shares Outstanding: 19,064,896
• 10 Day Avg. Volume: 29,720
• 30 Day Avg. Volume: 43,560
• PEG Ratio: -3.05
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.96
• P/FCF Ratio: 13.63
• 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: 75 Outperform
• Price Target: ¥1,949.00 ▲(36.10% Upside)

Chuo Warehouse Co., Ltd. demonstrates strong financial performance with robust revenue growth and a solid balance sheet, although it faces challenges in free cash flow generation. The stock's technical indicators show short-term bullish momentum, but potential resistance in the longer term. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield, making it a well-rounded investment option.

Positive Factors

Balance-sheet strength

Conservative leverage and a high equity ratio provide durable financial flexibility. This capital structure supports investment in facilities, absorbs cyclical demand swings in logistics, and lowers refinancing risk, enabling sustained operations and strategic optionality over months.

Revenue growth momentum

A 36.5% TTM revenue rise indicates robust and sustained demand for warehousing services. For a service-based logistics operator, persistent top-line growth improves fixed-cost absorption, supports scale benefits, and underpins longer-term capacity expansion and customer retention strategies.

Recurring service-based model

A service-driven, recurring-fee business yields predictable revenue streams and higher customer switching costs. This durability supports planning for capex and staffing, fosters long-term customer relationships, and enables cross-selling of value-added logistics services over multiple quarters.

Negative Factors

Weak free cash flow conversion

Declining free cash flow conversion signals structural cash-generation issues, possibly from higher capex or working capital. Over months this can constrain reinvestment, dividend funding, or debt reduction, forcing tougher capital-allocation choices or external financing to sustain growth.

Low return on equity

A ROE near 3.6% reflects limited efficiency in converting equity into profits. Persistently low ROE may indicate low asset turnover or compressed margins in logistics, reducing internal capital generation and requiring either operational improvement or strategic shifts to boost shareholder returns.

Margin pressure risk

Relatively thin and slightly declining gross margins suggest exposure to rising costs or pricing pressure. In logistics, sustained margin erosion from labor, property, or fuel cost increases can materially reduce profitability unless offset by efficiency gains or pricing power over the coming months.

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

Company Description

Chuo Warehouse Co.,Ltd. provides various logistics services in Japan and internationally. The company offers warehousing and transportation services; and international services, including cargo handling, storage, transportation, distribution processing, customs clearance, packaging, and information processing services. It is also involved in the packing and processing of packaging materials; leasing, brokerage, management, and sale of real estate; and non-life insurance agency business. In addition, the company offers freight car transportation, automobile and cargo handling machine repair, and industrial waste treatment services. Chuo Warehouse Co.,Ltd. was founded in 1927 and is headquartered in Kyoto, Japan.

How the Company Makes Money

Chuo Warehouse generates revenue primarily through its logistics services, which include warehousing, transportation, and distribution. The company charges clients for storage space, handling fees, and transportation services, creating a diversified revenue model. Key revenue streams include long-term contracts with businesses that require ongoing logistics support, as well as one-time project fees for specific logistics needs. Additionally, the company may engage in partnerships with manufacturers and retailers to provide integrated logistics solutions, which can enhance its service offerings and drive additional revenue. Factors contributing to its earnings include the growing demand for efficient supply chain management, the rise of e-commerce, and strategic investments in technology to improve operational efficiency.

Chuo Warehouse Co., Ltd. Financial Statement Overview

Summary

Chuo Warehouse Co., Ltd. shows strong revenue growth and stable profitability, supported by a robust balance sheet with low leverage. However, challenges in free cash flow generation highlight the need for improved cash management. Overall, the company is well-positioned financially, with opportunities to enhance cost efficiency and cash flow stability.

Income Statement

Chuo Warehouse Co., Ltd. demonstrates strong revenue growth with a TTM increase of 36.5%, indicating robust demand for its services. The company maintains healthy profitability with a gross profit margin of 11.85% and a net profit margin of 5.97% in the TTM. However, the slight decline in gross profit margin compared to the previous annual report suggests rising costs or pricing pressures. Overall, the income statement reflects a solid financial performance with room for improvement in cost management.

Balance Sheet

The balance sheet of Chuo Warehouse Co., Ltd. is strong, with a low debt-to-equity ratio of 0.15, indicating conservative leverage and financial stability. The return on equity is modest at 3.64%, suggesting efficient use of equity capital. The equity ratio of 78.1% highlights a solid capital structure with significant equity backing. Overall, the balance sheet reflects a stable financial position with low risk.

Cash Flow

The cash flow statement reveals challenges in free cash flow generation, with a significant decline in TTM free cash flow growth. The operating cash flow to net income ratio of 0.51 indicates adequate cash generation from operations, but the negative free cash flow to net income ratio suggests potential issues in cash management or capital expenditures. While operating cash flow remains positive, improving free cash flow is crucial for long-term sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	28.07B	27.84B	26.51B	25.87B	23.93B	25.93B
Gross Profit	3.29B	3.32B	2.93B	3.04B	2.75B	2.47B
EBITDA	4.62B	4.38B	4.45B	4.19B	3.42B	3.39B
Net Income	1.84B	1.59B	1.70B	1.71B	1.35B	1.31B
Balance Sheet
Total Assets	61.22B	58.93B	58.02B	56.15B	53.31B	50.91B
Cash, Cash Equivalents and Short-Term Investments	7.82B	8.49B	8.45B	8.63B	7.93B	8.11B
Total Debt	6.43B	6.17B	6.84B	7.48B	6.92B	5.51B
Total Liabilities	13.13B	12.85B	12.41B	13.32B	12.06B	10.29B
Stockholders Equity	47.79B	45.79B	45.33B	42.57B	41.00B	40.39B
Cash Flow
Free Cash Flow	646.54M	1.96B	839.05M	-256.86M	281.23M	601.16M
Operating Cash Flow	3.05B	4.12B	2.84B	4.08B	2.26B	2.90B
Investing Cash Flow	-1.78B	-2.05B	-1.35B	-3.23B	-1.92B	-2.39B
Financing Cash Flow	-848.87M	-2.05B	-1.17B	350.58M	-516.74M	-136.85M

Chuo Warehouse Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1432.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9319, the sentiment is Positive. The current price of 1432 is below the 20-day moving average (MA) of 1643.00, below the 50-day MA of 1496.08, and above the 200-day MA of 1412.83, indicating a bullish trend. The MACD of 67.68 indicates Negative momentum. The RSI at 71.69 is Negative, neither overbought nor oversold. The STOCH value of 76.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9319.

Chuo Warehouse Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9319	75 Outperform	¥32.77B	17.42	―	2.59%	4.02%	18.12%
9324	66 Neutral	¥68.24B	17.82	―	2.18%	12.03%	30.12%
9307	65 Neutral	¥15.89B	16.19	―	1.49%	1.23%	0.12%
9325	65 Neutral	¥12.13B	14.03	―	2.63%	18.27%	-4.07%
9322	65 Neutral	¥22.57B	30.38	―	1.13%	3.37%	9.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9313	56 Neutral	¥6.13B	19.65	―	2.29%	0.08%	105.25%

Chuo Warehouse Co., Ltd. Corporate Events

Chuo Warehouse Progresses With Share Buyback, Acquires 65,700 Shares in January

Chuo Warehouse Co., Ltd. reported that it repurchased 65,700 of its own common shares on the Tokyo Stock Exchange between January 1 and January 31, 2026, for a total of ¥106,064,600, as part of a broader share buyback program authorized by its board in November 2025. Under this ongoing program, which runs through October 31, 2026 and allows for the repurchase of up to 890,000 shares or ¥1 billion, the company has cumulatively acquired 321,700 shares for ¥448,048,400 as of January 31, 2026, signaling continued efforts to enhance capital efficiency and shareholder returns through treasury share accumulation.

The most recent analyst rating on (JP:9319) stock is a Buy with a Yen1918.00 price target. To see the full list of analyst forecasts on Chuo Warehouse Co., Ltd. stock, see the JP:9319 Stock Forecast page.

Chuo Warehouse Reports Progress on Ongoing Share Buyback Program

Chuo Warehouse Co., Ltd. has reported the progress of its share buyback program, stating that it repurchased 58,800 of its own common shares on the Tokyo Stock Exchange between December 1 and December 31, 2025, for a total of ¥80,667,600. This buyback is part of a broader board-approved program, authorized in November 2025, that allows the company to acquire up to 890,000 shares or ¥1 billion through market purchases and off-auction transactions by October 31, 2026; as of December 31, 2025, cumulative repurchases under this mandate reached 256,000 shares for ¥341,983,800, signaling ongoing capital management efforts that may enhance shareholder value and optimize the company’s capital structure.

The most recent analyst rating on (JP:9319) stock is a Buy with a Yen1537.00 price target. To see the full list of analyst forecasts on Chuo Warehouse Co., Ltd. stock, see the JP:9319 Stock Forecast page.

Chuo Warehouse to Allocate Treasury Shares as Restricted Stock to Employee Shareholding Association

Chuo Warehouse will dispose of up to 32,808 treasury shares as restricted stock to its Employee Shareholding Association on March 13, 2026, at 1,415 yen per share, with the final number of shares and total amount (currently calculated at 46.4 million yen) to be set based on actual employee participation. The plan is designed to support asset formation for eligible employees of the company and its subsidiaries while tying their incentives more closely to corporate performance and shareholder value, thereby strengthening long-term engagement and aligning employee interests with those of existing shareholders through ongoing restricted stock grants funded by special monetary incentives contributed to the association.

The most recent analyst rating on (JP:9319) stock is a Buy with a Yen1537.00 price target. To see the full list of analyst forecasts on Chuo Warehouse Co., Ltd. stock, see the JP:9319 Stock Forecast page.

Chuo Warehouse Co., Ltd. Announces Share Repurchase Progress

Chuo Warehouse Co., Ltd. has announced the acquisition of 197,200 of its own common shares for a total price of 261,316,200 yen. This acquisition is part of a broader resolution by the Board of Directors to repurchase up to 890,000 shares, with a maximum expenditure of 1,000,000,000 yen, to be completed by October 31, 2026. The repurchase is conducted through the Tokyo Stock Exchange and its Off-Auction Own Share Repurchase Trading System.

The most recent analyst rating on (JP:9319) stock is a Hold with a Yen1531.00 price target. To see the full list of analyst forecasts on Chuo Warehouse Co., Ltd. stock, see the JP:9319 Stock Forecast page.

Chuo Warehouse Co., Ltd. Completes Strategic Share Buyback

Chuo Warehouse Co., Ltd. has successfully completed the acquisition of 170,000 of its own shares through the Tokyo Stock Exchange’s Off-Auction Own Share Repurchase Trading System. This move is part of the company’s Eighth Medium-Term Management Plan, ‘NEXT CS-100,’ which aims to balance growth investment with improved capital efficiency, thereby enhancing corporate value sustainably.

The most recent analyst rating on (JP:9319) stock is a Hold with a Yen1531.00 price target. To see the full list of analyst forecasts on Chuo Warehouse Co., Ltd. stock, see the JP:9319 Stock Forecast page.

Chuo Warehouse Announces Share Repurchase Plan

Chuo Warehouse Co., Ltd. has announced a decision by its Board of Directors to repurchase up to 170,000 of its own shares through the Tokyo Stock Exchange’s Off-Auction Own Share Repurchase Trading System. This move, with a maximum expenditure of 225,420,000 yen, is part of a broader strategy to acquire up to 890,000 shares by October 2026, potentially impacting the company’s stock value and shareholder equity.

The most recent analyst rating on (JP:9319) stock is a Hold with a Yen1531.00 price target. To see the full list of analyst forecasts on Chuo Warehouse Co., Ltd. stock, see the JP:9319 Stock Forecast page.

Chuo Warehouse Co., Ltd. Announces Share Repurchase to Boost Capital Efficiency

Chuo Warehouse Co., Ltd. announced a decision to repurchase its own shares, aiming to improve capital efficiency and adapt to future business environment changes. This strategic move, part of their ‘NEXT CS-100’ management plan, is expected to enhance corporate value by allowing flexible capital policies.

The most recent analyst rating on (JP:9319) stock is a Hold with a Yen1531.00 price target. To see the full list of analyst forecasts on Chuo Warehouse Co., Ltd. stock, see the JP:9319 Stock Forecast page.

Chuo Warehouse Reports Increased Profitability Amid Revenue Growth

Chuo Warehouse Co., Ltd. reported its consolidated financial results for the six months ending September 30, 2025, showing a slight increase in operating revenues by 1.6% to ¥14,136 million. Despite a decrease in operating profit by 6.7%, the company saw a significant rise in profit attributable to owners by 35.5%, indicating improved profitability. The company’s equity-to-asset ratio improved slightly, reflecting a stable financial position. The announcement also included a forecast for the fiscal year ending March 31, 2026, projecting continued growth in operating revenues and profits, which suggests positive future prospects for stakeholders.

The most recent analyst rating on (JP:9319) stock is a Hold with a Yen1531.00 price target. To see the full list of analyst forecasts on Chuo Warehouse Co., Ltd. stock, see the JP:9319 Stock Forecast page.