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

• Market Cap: ¥5.87B
• Dividend Yield: 3.02%
• Average Volume (3M): 476.00
• Price to Earnings (P/E): 5.3
• Beta (1Y): 0.42
• 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: ¥2,625.00 ▲(22.09% 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

A high OCF/NI (3.09) and FCF/NI (2.14) indicate the company converts reported profits into cash efficiently. That durable cash generation supports capital spending, debt service, and dividends through shipping cycles, improving resilience and funding optional strategic moves.

Revenue recovery and margin expansion

Recovery to positive revenue growth with rising gross and net margins signals improving core operations and pricing or cost management. Sustained margin expansion enhances earnings durability and free cash flow, strengthening long-term profitability versus prior declines.

Improved leverage position

A lower debt-to-equity and a near-50% equity ratio point to a more balanced capital structure. Improved leverage increases financial flexibility, reduces vulnerability to interest-rate moves, and supports investment or restructuring without immediate refinancing pressure.

Negative Factors

Material absolute debt levels

Despite improved leverage ratios, the company still carries meaningful absolute debt. In a capital-intensive, cyclical shipping industry this elevates refinancing and interest-rate sensitivity risk, potentially constraining capex and strategic flexibility over months.

Modest return on equity

An ROE near 6% denotes limited efficiency in converting equity into profits. Over the medium term this may cap shareholder returns and limit internally funded growth, making the company more reliant on external financing or slower organic expansion.

Operational margin variability

Fluctuating EBIT/EBITDA margins indicate operations are sensitive to cost swings or utilization variability. This persistent margin volatility can reduce earnings predictability and elevate downside in weaker freight cycles, stressing cash flow and planning.

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 2261.15, below the 50-day MA of 2219.12, and above the 200-day MA of 1856.77, indicating a bullish trend. The MACD of -4.95 indicates Positive momentum. The RSI at 53.57 is Neutral, neither overbought nor oversold. The STOCH value of 78.37 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	¥5.87B	5.29	―	3.02%	7.54%	44.72%
9171	74 Outperform	¥22.82B	3.25	―	1.29%	4.21%	35.32%
9193	72 Outperform	¥12.31B	5.41	―	4.99%	6.11%	207.55%
9380	65 Neutral	¥12.11B	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	¥4.11B	8.39	―	2.93%	0.09%	-44.81%
9173	50 Neutral	¥6.62B	19.26	―	0.30%	-0.38%	413.00%