PHYZ Holdings, Inc. (9325) AI Stock Analysis

• Market Cap: ¥13.06B
• Dividend Yield: 2.63%
• Average Volume (3M): 13.12K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 0.67
• Revenue Growth: 18.27%
• EPS Growth: -4.07%
• Country: JP
• Employees: 644
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): 33.72
• Shares Outstanding: 10,822,800
• 10 Day Avg. Volume: 10,310
• 30 Day Avg. Volume: 13,120
• PEG Ratio: 1.47
• Price to Book (P/B): 2.60
• Price to Sales (P/S): 0.32
• P/FCF Ratio: 36.34
• 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: 65 Neutral
• Price Target: ¥1,309.00 ▲(16.98% Upside)
• Action: Downgraded Date: 11/05/25
• Date: Action: Downgraded 11/05/25

PHYZ Holdings' strong financial performance is the most significant factor, showcasing robust revenue and profit growth with a stable financial structure. However, the technical analysis indicates bearish momentum, which negatively impacts the stock score. The valuation is reasonable, providing moderate income potential, but does not offset the current negative market sentiment.

Positive Factors

Revenue Growth

PHYZ's reported strong revenue growth, including a significant increase from 2024 to 2025, indicates expanding demand and successful commercial execution. Durable top-line expansion supports long-term scale advantages, helps absorb fixed costs, and underpins sustainable margin and cash generation trends.

Free Cash Flow Generation

Consistent positive free cash flow growth and a robust operating cash flow to net income ratio indicate the company converts profits into cash efficiently. Reliable FCF supports reinvestment, dividend capacity, debt servicing and strategic M&A without relying heavily on external financing.

Balance Sheet Strength

A solid equity position, manageable debt-to-equity and improving ROE provide financial flexibility. Prudent leverage and stronger returns on equity enable sustained investment in operations, cushioning against shocks and preserving capacity to fund growth initiatives and shareholder distributions over time.

Negative Factors

EPS Trend

Negative EPS growth (-6.70%) despite revenue strength raises concerns about earnings durability. This points to pressures on profit per share from potential dilution, higher non-operating costs, or temporary/structural margin erosion that could restrain long-term per-share cash returns.

Earnings Visibility

Absence of earnings call disclosures and explicit guidance reduces forward visibility for investors and complicates multi-quarter planning. Limited public guidance can hamper assessment of management's execution path and makes it harder to model medium-term cash flows and capital allocation decisions.

Revenue‑to‑Earnings Disconnect

A sizable revenue increase (~23%) paired with negative EPS growth suggests sales expansion isn't translating into per‑share earnings. Structural drivers like margin leakage, higher operating or financing costs, or share dilution could be eroding earnings quality and long‑term profit conversion.

PHYZ Holdings, Inc. Business Overview & Revenue Model

Company Description

PHYZ Holdings, Inc. engages in the provision of e-commerce solution services mainly the distribution of products online. It operates through the E-Commerce (EC) Solution Services, International Logistics Services Business, Information Systems Business and Others segments. The EC Solution Services segment handles third-party logistics for companies that develop EC business. The international logistics services business provide overseas and domestic transportation handling (drayage arrangements, etc.) for imported cargo, as well as customs clearance procedures. The Information Systems Business develops computer systems, plans, develops and sells packaged software, and provides ancillary services related to computer systems. The Others segment includes system consulting business. The company was founded on October 10, 2013 and is headquartered in Osaka, Japan.

PHYZ Holdings, Inc. Financial Statement Overview

Summary

PHYZ Holdings exhibits strong financial performance with consistent revenue and profit growth. The balance sheet reflects a stable financial structure with prudent leverage. Cash flow metrics indicate healthy cash generation and management, positioning the company well for future growth.

Income Statement

PHYZ Holdings has demonstrated strong revenue growth, with a significant increase from 2024 to 2025. The gross profit margin has remained stable, indicating efficient cost management. Net profit margin has improved, reflecting enhanced profitability. EBIT and EBITDA margins are healthy, showcasing operational efficiency.

Balance Sheet

The company maintains a solid equity position with a favorable equity ratio. The debt-to-equity ratio is manageable, indicating a balanced approach to leverage. Return on equity has shown improvement, highlighting effective use of equity capital.

Cash Flow

PHYZ Holdings has shown positive free cash flow growth, indicating strong cash generation capabilities. The operating cash flow to net income ratio is robust, demonstrating efficient conversion of profits into cash. Free cash flow to net income ratio is also strong, supporting sustainable financial health.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	33.32B	31.61B	27.53B	23.66B	18.05B	12.95B
Gross Profit	2.62B	2.54B	2.32B	2.16B	1.43B	1.29B
EBITDA	1.77B	1.69B	1.49B	1.32B	723.96M	700.46M
Net Income	957.65M	919.00M	853.98M	807.63M	368.46M	376.50M
Balance Sheet
Total Assets	11.20B	10.24B	7.74B	6.86B	5.84B	4.23B
Cash, Cash Equivalents and Short-Term Investments	2.93B	3.15B	2.43B	2.51B	1.54B	1.71B
Total Debt	2.07B	2.19B	823.19M	878.07M	1.13B	604.52M
Total Liabilities	7.11B	6.21B	4.39B	4.04B	3.74B	2.53B
Stockholders Equity	3.98B	3.93B	3.28B	2.80B	2.06B	1.69B
Cash Flow
Free Cash Flow	0.00	280.89M	636.09M	1.52B	-59.34M	703.38M
Operating Cash Flow	0.00	755.64M	785.79M	1.58B	-41.55M	703.38M
Investing Cash Flow	0.00	-882.21M	-146.36M	-210.38M	-94.42M	-71.39M
Financing Cash Flow	0.00	839.29M	-733.82M	-381.46M	-247.35M	-21.03M

PHYZ Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1119.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9325, the sentiment is Positive. The current price of 1119 is below the 20-day moving average (MA) of 1183.85, below the 50-day MA of 1145.16, and below the 200-day MA of 1149.24, indicating a bullish trend. The MACD of 18.41 indicates Negative momentum. The RSI at 59.67 is Neutral, neither overbought nor oversold. The STOCH value of 82.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9325.

PHYZ Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9307	78 Outperform	¥16.30B	15.74	―	1.49%	1.23%	0.12%
9324	66 Neutral	¥68.24B	12.14	―	2.18%	12.03%	30.12%
9325	65 Neutral	¥13.06B	8.30	―	2.63%	18.27%	-4.07%
9319	65 Neutral	¥35.52B	18.51	―	2.59%	4.02%	18.12%
9322	65 Neutral	¥21.50B	30.65	―	1.13%	3.37%	9.00%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9313	56 Neutral	¥6.04B	19.21	―	2.29%	0.08%	105.25%