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

• Market Cap: ¥13.76B
• Dividend Yield: 3.85%
• Average Volume (3M): 6.58K
• Price to Earnings (P/E): 8.8
• Beta (1Y): 0.30
• Revenue Growth: 8.49%
• EPS Growth: 32.73%
• Country: JP
• Employees: 835
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 164.60
• Shares Outstanding: 7,740,000
• 10 Day Avg. Volume: 5,740
• 30 Day Avg. Volume: 6,576
• PEG Ratio: 0.29
• Price to Book (P/B): 0.45
• Price to Sales (P/S): 0.36
• P/FCF Ratio: -27.02
• 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: 70 Outperform
• Price Target: ¥2,160.00 ▲(26.39% Upside)
• Action: Reiterated
• Date: 05/15/26

Positive Factors

Balance sheet strength

The company has built equity materially over several years, providing a larger capital buffer to absorb shocks and support investment. Moderate sector-appropriate leverage and improving ROE suggest the balance sheet can underwrite growth initiatives and withstand cyclical freight swings.

Negative Factors

Volatile free cash flow

Repeated negative or erratic free cash flow reduces financial flexibility for dividends, buybacks, or debt reduction. If capital spending or working-capital demands remain high, the company may need external financing for growth or to smooth returns, raising execution and refinancing risk over months.

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

Company Description

Toyo Wharf & Warehouse Co., Ltd., based in Tokyo, Japan, delivers a wide array of logistics solutions throughout the country. Its domestic services include warehousing, efficient cargo handling (loading and unloading), and transportation via vehic...

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Toyo Wharf & Warehouse Co., Ltd., based in Tokyo, Japan, delivers a wide array of logistics solutions throughout the country. Its domestic services include warehousing, efficient cargo handling (loading and unloading), and transportation via vehic...

How the Company Makes Money

The company makes money primarily by charging fees for logistics services tied to cargo movement and storage. Key revenue streams typically include: (1) port logistics and cargo handling fees (e.g., stevedoring/terminal-related handling and relate...

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The company makes money primarily by charging fees for logistics services tied to cargo movement and storage. Key revenue streams typically include: (1) port logistics and cargo handling fees (e.g., stevedoring/terminal-related handling and relate...

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

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	35.52B	38.08B	35.10B	34.70B	38.09B	36.12B
Gross Profit	3.59B	3.97B	3.54B	3.41B	3.82B	3.53B
EBITDA	4.17B	4.57B	4.00B	3.73B	4.02B	3.59B
Net Income	1.22B	1.47B	1.13B	980.00M	1.27B	1.13B
Balance Sheet
Total Assets	50.52B	56.01B	50.99B	48.44B	46.31B	47.58B
Cash, Cash Equivalents and Short-Term Investments	3.91B	4.41B	4.89B	2.66B	2.92B	3.83B
Total Debt	16.08B	16.96B	16.25B	14.06B	14.89B	16.55B
Total Liabilities	22.79B	25.16B	23.46B	21.88B	22.42B	24.70B
Stockholders Equity	27.54B	30.64B	27.35B	26.40B	23.74B	22.73B
Cash Flow
Free Cash Flow	0.00	-513.00M	-821.00M	951.00M	-100.00M	-3.22B
Operating Cash Flow	0.00	3.26B	2.15B	2.60B	4.18B	2.79B
Investing Cash Flow	0.00	-3.51B	-2.22B	-1.10B	-4.18B	-5.94B
Financing Cash Flow	0.00	-244.00M	2.29B	-1.76B	-945.00M	3.68B

Toyo Wharf & Warehouse Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1709.00
• 50DMA: Negative
• 100DMA: Negative
• 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:9351, the sentiment is Negative. The current price of 1709 is below the 20-day moving average (MA) of 1798.20, below the 50-day MA of 1890.48, and below the 200-day MA of 1744.67, indicating a neutral trend. The MACD of -29.31 indicates Negative momentum. The RSI at 40.20 is Neutral, neither overbought nor oversold. The STOCH value of 54.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
9304	76 Outperform	¥92.08B	13.21	―	3.48%	1.42%	32.92%
9351	70 Outperform	¥13.76B	8.77	―	3.85%	8.49%	32.73%
9310	67 Neutral	¥71.07B	10.57	―	3.63%	0.60%	10.27%
9306	65 Neutral	¥13.43B	9.02	―	3.04%	3.34%	11.67%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9302	62 Neutral	¥296.19B	26.28	―	1.28%	6.67%	10.43%
9303	59 Neutral	¥286.11B	16.28	―	2.94%	1.47%	-10.54%