Yasuda Logistics Corporation (9324) AI Stock Analysis

• Market Cap: ¥68.24B
• Dividend Yield: 2.18%
• Average Volume (3M): 21.03K
• Price to Earnings (P/E): 17.8
• Beta (1Y): 0.56
• Revenue Growth: 12.03%
• EPS Growth: 30.12%
• Country: JP
• Employees: 2,527
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 45.35
• Shares Outstanding: 30,360,000
• 10 Day Avg. Volume: 29,340
• 30 Day Avg. Volume: 21,030
• PEG Ratio: 0.80
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.65
• P/FCF Ratio: 6.59
• 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: 66 Neutral
• Price Target: ¥2,544.00 ▲(15.58% Upside)

The score is primarily driven by strong recent revenue growth and improving profitability, but is held back by low ROE and inconsistent/weak free cash flow conversion. Technicals are supportive with a clear uptrend and positive momentum, while valuation is reasonable but not compelling given the mid-range P/E and moderate dividend yield.

Positive Factors

Revenue Growth

A 141% TTM revenue surge reflects substantial demand expansion and stronger market traction. Over a 2–6 month horizon this supports scale benefits, contract leverage, and reinvestment capacity, strengthening competitive positioning if growth persists and is operationally absorbed.

Improving Profitability

Sequential margin improvement (net and EBIT) shows better unit economics and operating leverage as revenue rises. If management preserves cost discipline, these structural gains can support sustainable profitability, cushion against cyclical swings, and improve reinvestment returns.

Manageable Leverage

A D/E around 0.75 implies moderate leverage: enough to finance growth but not excessive. This balance affords strategic flexibility for capex or acquisitions, keeps interest burden controllable, and preserves capacity to respond to shocks over the medium term.

Negative Factors

Low Return on Equity

ROE near 3.4% signals limited effectiveness in converting equity into profits despite revenue gains. Persistently low ROE implies inefficient capital deployment or weak pricing power, constraining long-term shareholder value creation and making equity-funded growth less accretive.

Weak Free Cash Flow Conversion

Declining FCF and a FCF-to-net-income ratio around 0.20x indicate earnings are not translating into durable cash. Low and volatile cash conversion reduces ability to pay down debt, sustain dividends, or self-fund expansion, increasing reliance on external financing and execution risk.

Modest and Variable Margins

Although improving, margins remain modest and below earlier peaks, showing profitability can fluctuate. Structural or competitive pressures could limit margin recovery, making future earnings less predictable and raising risk to long-term cash generation and return stability.

Yasuda Logistics Corporation Business Overview & Revenue Model

Company Description

Yasuda Logistics Corporation engages in logistics and real estate businesses in Japan. The company provides delivery services and supply chain solutions; and integrated logistics solutions through distribution centers. It also offers medical logistics services comprising logistics for drugs and quasi-drugs, and medical equipment/reagents/diagnostic drugs; and IT equipment logistics services, which include IT equipment kitting and life cycle services, server relocation services, and IT equipment maintenance and logistics services, as well as archiving and office relocation services. In addition, the company provides international transport services, such as ocean transportation, import/export customs clearance, air transportation, overseas logistics, and offshore trade logistics services. Further, it engages in the real estate business that comprise office and residential leasing services; parking services; re-development and renovation of hotels and commercial facilities; and provision of building maintenance services. Additionally, Yasuda Logistics Corporation sells and leases building facilities and transportation equipment. The company was formerly known as The Yasuda Warehouse Co., Ltd. and changed its name to Yasuda Logistics Corporation in June 2014. Yasuda Logistics Corporation was founded in 1919 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Yasuda Logistics Corporation generates revenue through multiple key streams. The primary source of income comes from its logistics services, which include freight forwarding, transportation, and warehousing solutions. The company charges fees for moving goods and managing inventory, often based on distance, weight, and service level. Additionally, Yasuda Logistics may engage in contract logistics, where it partners with businesses to manage their supply chain operations on a long-term basis, providing a steady revenue stream. The company also benefits from strategic partnerships with other transportation and logistics firms, enhancing its service offerings and expanding its market reach. Seasonal demand variations and key contracts with major clients further contribute to its overall earnings.

Yasuda Logistics Corporation Financial Statement Overview

Summary

Strong TTM revenue growth (+141.1%) with improved profitability versus FY2025, but margins remain modest and below prior peaks. Balance sheet leverage is moderate (D/E ~0.75) with low ROE (~3.4%), and cash flow quality is a key constraint given modest/declining FCF (FCF growth -18.7%) and weak FCF-to-net-income (~0.20x) with historical volatility.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up strongly (+141.1%), and profitability improved versus FY2025 (net margin ~4.7% vs ~3.7%; EBIT margin ~8.6% vs ~7.0%). However, margins remain modest for the business and below earlier peaks (FY2021–FY2022), indicating profitability can fluctuate despite solid top-line momentum.

Balance Sheet

Leverage looks manageable but not light: debt-to-equity is ~0.75 in TTM (Trailing-Twelve-Months), in line with prior years, supported by a growing equity base. Returns on equity are positive but low (~3.4% TTM), which suggests the company is not generating strong profitability relative to its capital and leaves less cushion if operating conditions soften.

Cash Flow

Operating cash flow is healthy in absolute terms in TTM (Trailing-Twelve-Months), but cash conversion is mixed: free cash flow is positive yet modest (about ¥2.3B) and down materially (FCF growth -18.7%). Free cash flow is also low relative to net income (~0.20x), and results have been volatile historically (including negative free cash flow in multiple prior years), which raises execution and reinvestment risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	80.27B	75.11B	67.38B	59.75B	53.04B	47.71B
Gross Profit	9.92B	9.14B	8.00B	6.67B	6.40B	6.35B
EBITDA	11.81B	10.07B	9.02B	7.89B	8.15B	7.80B
Net Income	3.80B	2.80B	2.30B	2.25B	2.87B	2.79B
Balance Sheet
Total Assets	225.21B	210.32B	211.66B	166.00B	159.08B	147.10B
Cash, Cash Equivalents and Short-Term Investments	19.55B	20.50B	17.39B	15.14B	18.22B	8.70B
Total Debt	76.19B	74.96B	77.05B	59.29B	56.16B	43.36B
Total Liabilities	122.56B	116.13B	117.86B	88.63B	84.17B	70.87B
Stockholders Equity	102.22B	93.75B	93.41B	76.99B	74.58B	75.94B
Cash Flow
Free Cash Flow	2.32B	7.39B	-6.79B	9.00M	-1.51B	-5.54B
Operating Cash Flow	11.48B	13.01B	5.88B	6.55B	4.71B	3.94B
Investing Cash Flow	-9.60B	-6.82B	-15.77B	-11.89B	-6.86B	-9.76B
Financing Cash Flow	2.43B	-3.32B	12.03B	2.12B	11.43B	6.66B

Yasuda Logistics Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2201.00
• 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:9324, the sentiment is Positive. The current price of 2201 is below the 20-day moving average (MA) of 2241.05, below the 50-day MA of 2233.80, and above the 200-day MA of 2029.69, indicating a bullish trend. The MACD of 14.86 indicates Negative momentum. The RSI at 64.71 is Neutral, neither overbought nor oversold. The STOCH value of 52.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9324.

Yasuda Logistics Corporation 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%

Yasuda Logistics Corporation Corporate Events

Yasuda Logistics to Book ¥1.8 Billion Extraordinary Gain from Sale of Investment Securities

Yasuda Logistics Corporation has resolved to sell a portion of its listed investment securities as part of its medium-term management plan, which aims to strengthen its capital policy to support sustainable growth, maintain financial soundness, and enhance shareholder returns under its Long-Term Vision for 2030. The sale, scheduled between February and March 2026, is expected to generate an estimated gain of about 1.8 billion yen in extraordinary income in the fourth quarter of the fiscal year ending March 2026, and this impact has already been factored into the company’s latest consolidated earnings and dividend forecasts, signaling a more active balance-sheet management and shareholder-oriented capital allocation strategy.

The most recent analyst rating on (JP:9324) stock is a Buy with a Yen2512.00 price target. To see the full list of analyst forecasts on Yasuda Logistics Corporation stock, see the JP:9324 Stock Forecast page.

Yasuda Logistics Lifts Earnings and Dividend Forecasts on Strong Logistics and Real Estate Performance

Yasuda Logistics Corporation has revised upward its full-year consolidated forecast for the fiscal year ending March 31, 2026, projecting operating revenue of ¥80 billion and a sharp increase in profit attributable to owners of parent to ¥6 billion, driven by strong occupancy at newly established logistics and real estate facilities, robust demand in IT equipment, transportation, and international logistics services, and cost reductions through IT initiatives, logistics DX, and structural reforms. The company also expects additional extraordinary income from the sale of part of its investment securities and real estate, and in line with its medium-term dividend policy, it has raised its year-end dividend forecast by ¥10 to ¥39 per share, lifting the total annual dividend forecast to ¥68, signaling stronger earnings momentum and enhanced shareholder returns compared with the previous fiscal year.

The most recent analyst rating on (JP:9324) stock is a Buy with a Yen2512.00 price target. To see the full list of analyst forecasts on Yasuda Logistics Corporation stock, see the JP:9324 Stock Forecast page.

Yasuda Logistics Lifts Profit Outlook and Dividends After Strong Nine-Month Earnings

Yasuda Logistics reported strong consolidated results for the nine months ended 31 December 2025, with operating revenues up 9.3% year on year to ¥60.36 billion and profit attributable to owners of the parent surging 48.3% to ¥3.05 billion, driving basic earnings per share to ¥105.39. The company’s financial position also improved, with total assets rising to ¥225.2 billion and the equity ratio edging up to 45.4%, and on the back of this momentum it raised both its full-year earnings forecast—now calling for a 114.1% jump in profit attributable to owners of the parent to ¥6.0 billion—and its dividend outlook to a total of ¥68 per share for the fiscal year ending March 31, 2026, signaling increased returns to shareholders and confidence in sustained earnings growth.

The most recent analyst rating on (JP:9324) stock is a Buy with a Yen2512.00 price target. To see the full list of analyst forecasts on Yasuda Logistics Corporation stock, see the JP:9324 Stock Forecast page.

Yasuda Logistics Announces Passing of Outside Director

Yasuda Logistics Corporation announced the passing and subsequent resignation of Haruko Shudo, an Outside Director and Independent Officer, on November 9, 2025. Despite this loss, the company remains compliant with legal and corporate governance requirements, ensuring stability in its board composition.

The most recent analyst rating on (JP:9324) stock is a Hold with a Yen2185.00 price target. To see the full list of analyst forecasts on Yasuda Logistics Corporation stock, see the JP:9324 Stock Forecast page.

Yasuda Logistics to Acquire TEIJIN LOGISTICS, Expanding Network and Services

Yasuda Logistics Corporation has announced its decision to acquire shares of TEIJIN LOGISTICS CO., LTD., making it a subsidiary. This strategic move is part of Yasuda’s long-term vision and mid-term management plan to expand its logistics network and enhance service offerings. By integrating TEIJIN LOGISTICS’ expertise and network, Yasuda aims to provide comprehensive logistics solutions and enter new growth areas, strengthening its position in the industry.

The most recent analyst rating on (JP:9324) stock is a Hold with a Yen2185.00 price target. To see the full list of analyst forecasts on Yasuda Logistics Corporation stock, see the JP:9324 Stock Forecast page.

Yasuda Logistics Reports Strong Financial Growth and Increased Dividends

Yasuda Logistics Corporation reported a significant increase in its financial performance for the first half of 2025, with operating revenues rising by 11.2% and profit attributable to owners of the parent increasing by 28.3% compared to the previous year. The company also announced a substantial increase in its annual dividends per share, reflecting its strong financial position and commitment to returning value to shareholders.

The most recent analyst rating on (JP:9324) stock is a Hold with a Yen2185.00 price target. To see the full list of analyst forecasts on Yasuda Logistics Corporation stock, see the JP:9324 Stock Forecast page.