Toyo Wharf & Warehouse Co., Ltd. (9351) AI Stock Analysis

• Market Cap: ¥13.15B
• Dividend Yield: 3.85%
• Average Volume (3M): 6.58K
• Price to Earnings (P/E): 9.5
• Beta (1Y): 0.29
• Revenue Growth: 4.96%
• EPS Growth: 38.47%
• Country: JP
• Employees: 835
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 35.69
• Shares Outstanding: 7,740,000
• 10 Day Avg. Volume: 5,740
• 30 Day Avg. Volume: 6,576
• PEG Ratio: 0.56
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 0.28
• P/FCF Ratio: -11.78
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ¥1,805.00 ▲(5.68% Upside)

The stock of Toyo Wharf & Warehouse Co., Ltd. scores well due to its attractive valuation and strong technical momentum. However, moderate financial performance and potential overbought conditions temper the overall score. The absence of earnings call and corporate events data does not impact the score.

Positive Factors

Stable Revenue Base

A stable revenue base with slight growth indicates consistent demand for services, supporting long-term business sustainability and planning.

Efficient Cost Management

Improved gross profit margins reflect effective cost control, enhancing profitability and competitive positioning in the logistics sector.

Strong Equity Ratio

A strong equity ratio indicates a solid financial foundation, reducing reliance on debt and enhancing long-term financial resilience.

Negative Factors

Negative Free Cash Flow

Negative free cash flow can strain liquidity and limit flexibility for future investments, posing challenges for growth and operational stability.

Modest Revenue Growth

Limited revenue growth may hinder the company's ability to scale and compete effectively, impacting long-term market positioning.

Leverage Risk

Rising debt levels can increase financial risk, potentially affecting the company's ability to invest in growth and manage economic downturns.

Toyo Wharf & Warehouse Co., Ltd. Business Overview & Revenue Model

Company Description

Toyo Wharf & Warehouse Co., Ltd. provides logistics services in Japan. It offers domestic logistics services, including warehousing, loading and unloading of cargo, and cargo vehicle and port transportation services. The company also engages in the operation of terminals; leasing logistics-related facilities; and provision of customs clearance, ship agency, and insurance agency services. In addition, it provides international logistics services through land, sea, and air, as well as freight storage facilities. The company was founded in 1929 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Toyo Wharf & Warehouse generates revenue primarily through its logistics and warehousing services, which include cargo handling, storage, and transportation solutions. The company's revenue model is built on charging fees for its services, including storage fees for goods stored in its warehouses, handling fees for loading and unloading cargo, and transportation charges for logistics services. Key revenue streams include long-term contracts with shipping companies and manufacturers, which provide a stable income base. Additionally, partnerships with major shipping lines and freight forwarders enhance its service offerings and support revenue growth. Factors contributing to earnings include the volume of cargo handled, operational efficiency, and the strategic location of its facilities near major ports, which attract a wide range of clients seeking reliable logistics solutions.

Toyo Wharf & Warehouse Co., Ltd. Financial Statement Overview

Summary

Toyo Wharf & Warehouse Co., Ltd. demonstrates moderate financial health with stable profitability, responsible use of leverage, and reasonable shareholder returns. However, modest revenue growth and negative free cash flow highlight areas for improvement.

Income Statement

The company exhibits a stable revenue base with a modest increase of 1.16% from 2024 to 2025. Gross profit margin improved slightly to 10.09%, indicating efficient cost management. Net profit margin rose to 3.21%, showcasing sound profitability. While EBIT and EBITDA margins are relatively stable, they reflect a consistent operational performance. However, the revenue growth rate is modest, suggesting limited top-line expansion.

Balance Sheet

The debt-to-equity ratio stands at 0.59, indicating a balanced capital structure. Return on equity improved to 4.11%, reflecting enhanced shareholder returns. The equity ratio at 53.63% suggests substantial asset financing through equity, promoting financial stability. Despite these strengths, the increase in total debt over the years indicates potential leverage risk.

Cash Flow

Operating cash flow remains positive, albeit with a decline in recent years. The free cash flow is negative, largely due to high capital expenditures, suggesting possible reinvestment in growth. The operating cash flow to net income ratio of 1.91 indicates decent cash generation relative to profits. However, the negative free cash flow raises concerns about liquidity management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	35.52B	35.10B	34.70B	38.09B	36.12B	34.16B
Gross Profit	3.59B	3.54B	3.41B	3.82B	3.53B	3.19B
EBITDA	4.17B	4.00B	3.73B	4.02B	3.38B	3.00B
Net Income	1.22B	1.13B	980.00M	1.27B	1.13B	802.00M
Balance Sheet
Total Assets	50.52B	50.99B	48.44B	46.31B	47.58B	41.77B
Cash, Cash Equivalents and Short-Term Investments	3.91B	4.89B	2.66B	2.92B	3.83B	3.29B
Total Debt	15.96B	16.08B	14.06B	14.89B	16.55B	12.14B
Total Liabilities	22.79B	23.46B	21.89B	22.43B	24.71B	19.94B
Stockholders Equity	27.54B	27.35B	26.40B	23.73B	22.73B	21.71B
Cash Flow
Free Cash Flow	0.00	-821.00M	951.00M	17.00M	-3.05B	757.00M
Operating Cash Flow	0.00	2.15B	2.60B	4.18B	2.79B	2.48B
Investing Cash Flow	0.00	-2.22B	-1.10B	-4.18B	-5.94B	-1.79B
Financing Cash Flow	0.00	2.29B	-1.76B	-945.00M	3.68B	383.00M

Toyo Wharf & Warehouse Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1708.00
• 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:9351, the sentiment is Positive. The current price of 1708 is above the 20-day moving average (MA) of 1699.75, above the 50-day MA of 1661.36, and above the 200-day MA of 1445.34, indicating a bullish trend. The MACD of 8.89 indicates Positive momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 45.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9351.

Toyo Wharf & Warehouse Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9306	80 Outperform	¥13.22B	8.74	―	3.04%	4.45%	29.58%
9034	77 Outperform	¥16.28B	12.33	―	3.37%	3.18%	-23.51%
9351	73 Outperform	¥13.15B	9.48	―	3.85%	4.96%	38.47%
9311	71 Outperform	¥10.12B	6.45	―	1.68%	-0.59%	75.89%
9312	70 Outperform	¥18.29B	7.45	―	2.46%	7.13%	16.09%
9355	68 Neutral	¥5.55B	7.21	―	1.44%	3.99%	151.49%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%