Fushiki Kairiku Unso Co., Ltd. (9361) AI Stock Analysis

• Market Cap: ¥5.98B
• Dividend Yield: 3.02%
• Average Volume (3M): 476.00
• Price to Earnings (P/E): 5.3
• Beta (1Y): 0.41
• Revenue Growth: 7.54%
• EPS Growth: 44.72%
• Country: JP
• Employees: 699
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): N/A
• Shares Outstanding: 2,615,400
• 10 Day Avg. Volume: 420
• 30 Day Avg. Volume: 476
• PEG Ratio: 0.14
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 0.32
• P/FCF Ratio: 2.93
• 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: 78 Outperform
• Price Target: ¥2,633.00 ▲(22.47% Upside)
• Action: Reiterated Date: 01/27/26
• Date: Action: Reiterated 01/27/26

The score is driven primarily by solid financial performance—especially strong cash flow efficiency and improving margins—supported by attractive valuation (low P/E and a moderate dividend yield). Technicals are also supportive with price above key moving averages and positive MACD, though momentum signals are mixed (low Stochastic) and balance-sheet debt remains a key risk factor.

Positive Factors

Strong cash generation

Operating cash flow materially exceeds reported net income, and free cash flow is strong. This durable cash conversion supports recurring capex, debt servicing and potential shareholder distributions, giving financial flexibility through shipping cycles and funding strategic investments.

Recovering revenue and improving margins

Revenue has returned to growth and both gross and net margins have improved, reflecting stronger pricing or cost control. Sustained margin recovery increases operating leverage, bolsters profitability through cycles and supports reinvestment in assets and service quality.

Improved leverage and balanced capital structure

Lower leverage and a near-50% equity ratio reduce refinancing and solvency risk in a capital-intensive shipping sector. A more balanced capital structure enhances resilience to revenue volatility and preserves capacity to fund growth or absorb shocks without aggressive external financing.

Negative Factors

Significant total debt residual risk

Even with improved debt-to-equity, absolute debt levels remain meaningful for a capital-intensive marine shipping operator. High nominal debt can amplify interest-cost sensitivity, limit strategic optionality and pressure cash flow under weaker market conditions or rising rates.

Moderate return on equity

An ROE below double digits signals modest efficiency converting equity into returns. Persistently moderate ROE may hinder long-term shareholder value creation versus peers, constraining reinvestment appeal and making capital allocation improvements important for durable outperformance.

Relatively small scale

A smaller workforce and likely narrower asset base limit economies of scale and bargaining power in marine shipping. Structural disadvantages can raise per-unit costs, reduce route/service density benefits and make it harder to compete for large contracts or absorb cyclical demand swings.

Fushiki Kairiku Unso Co., Ltd. Business Overview & Revenue Model

Company Description

Fushiki Kairiku Unso Co.,Ltd. provides port transportation services in Japan. The company engages in warehousing, maritime transportation, irregular route business, shipping agency, customs brokerage, packing, industrial waste collection and transportation, air transport agency, and measurement certification businesses, as well as business related to contracting and guarantee of the security. It also offers freight transportation, coastal shipping operation, freight truck transportation, non-life insurance agency, and automobile liability insurance agency services; and real estate lending and automobile disassembly maintenance services. In addition, the company processes and sells carbon materials, hydrogen peroxide, and groceries. Further, the company engages in the investment; worker dispatch; and restaurant business. Fushiki Kairiku Unso Co.,Ltd. was incorporated in 1944 and is headquartered in Takaoka, Japan.

How the Company Makes Money

Fushiki Kairiku Unso generates revenue primarily through its logistics and transportation services, which include freight charges for shipping goods, fees for cargo handling, and charges for supply chain management solutions. The company may also earn income from long-term contracts with businesses that require regular shipping services. Key revenue streams include container shipping fees, which are influenced by global shipping rates, and additional charges for value-added services. Partnerships with other logistics providers and shipping lines enhance their service offerings and expand their market reach, contributing to overall earnings. Additionally, the company could benefit from fluctuations in demand for shipping services, which can impact pricing and revenue generation.

Fushiki Kairiku Unso Co., Ltd. Financial Statement Overview

Summary

Financials are solid: revenue returned to growth (+4.49%) and profitability improved (gross margin 17.27%, net margin 5.07%). Cash generation is a key strength with strong operating cash flow relative to net income (OCF/NI 3.09) and solid free cash flow efficiency (FCF/NI 2.14). Balance sheet leverage is improved (debt-to-equity 0.44) with a stable equity ratio (49.61%), though total debt remains a notable risk.

Income Statement

Fushiki Kairiku Unso Co., Ltd. has shown a positive revenue growth rate of 4.49% in the latest year, indicating a recovery from previous declines. The gross profit margin has improved to 17.27%, and the net profit margin increased to 5.07%, reflecting enhanced profitability. However, the EBIT and EBITDA margins have seen slight fluctuations, suggesting some operational challenges.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.44, indicating better leverage management. Return on equity stands at 5.85%, showing moderate profitability. The equity ratio is stable at 49.61%, suggesting a balanced capital structure. However, the total debt remains significant, posing potential risks if not managed carefully.

Cash Flow

The operating cash flow has significantly increased, and the free cash flow growth rate is notably high. The operating cash flow to net income ratio is robust at 3.09, indicating strong cash generation relative to net income. The free cash flow to net income ratio is 2.14, reflecting efficient cash utilization. Overall, the cash flow position is strong, supporting future investments and debt servicing.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	13.45B	12.94B	13.07B	12.21B	12.35B
Gross Profit	2.32B	1.92B	2.50B	1.99B	1.66B
EBITDA	2.02B	1.65B	1.92B	1.69B	1.50B
Net Income	682.97M	468.22M	688.41M	412.60M	392.20M
Balance Sheet
Total Assets	23.52B	23.05B	22.38B	22.22B	22.61B
Cash, Cash Equivalents and Short-Term Investments	3.01B	2.55B	2.58B	2.35B	2.38B
Total Debt	5.18B	5.99B	5.71B	6.33B	7.21B
Total Liabilities	10.63B	10.85B	10.70B	11.21B	11.96B
Stockholders Equity	11.67B	11.05B	10.57B	9.94B	9.63B
Cash Flow
Free Cash Flow	1.46B	-244.25M	1.01B	760.01M	-483.28M
Operating Cash Flow	2.11B	1.15B	1.65B	1.36B	1.04B
Investing Cash Flow	-736.72M	-1.26B	-664.14M	-288.50M	-1.44B
Financing Cash Flow	-944.94M	107.72M	-757.71M	-1.09B	-111.78M

Fushiki Kairiku Unso Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2150.00
• 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:9361, the sentiment is Positive. The current price of 2150 is below the 20-day moving average (MA) of 2297.35, below the 50-day MA of 2187.56, and above the 200-day MA of 1814.09, indicating a bullish trend. The MACD of 52.02 indicates Positive momentum. The RSI at 55.69 is Neutral, neither overbought nor oversold. The STOCH value of 44.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9361.

Fushiki Kairiku Unso Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9361	78 Outperform	¥5.98B	5.29	―	3.02%	7.54%	44.72%
9353	74 Outperform	¥3.78B	10.48	―	1.57%	12.51%	58.13%
9365	71 Outperform	¥2.41B	6.11	―	3.32%	7.26%	55.00%
9367	70 Outperform	¥20.44B	15.36	―	1.38%	7.07%	26.88%
9380	65 Neutral	¥11.60B	10.98	―	1.87%	-0.35%	11.44%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9362	60 Neutral	¥4.02B	8.39	―	2.93%	0.09%	-44.81%