Kamigumi Co (9364) AI Stock Analysis

• Market Cap: ¥498.79B
• Dividend Yield: 3.35%
• Average Volume (3M): 235.27K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.41
• Revenue Growth: 6.71%
• EPS Growth: 15.51%
• Country: JP
• Employees: 4,180
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 74.41
• Shares Outstanding: 106,576,836
• 10 Day Avg. Volume: 202,860
• 30 Day Avg. Volume: 235,273
• PEG Ratio: 1.27
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 1.31
• P/FCF Ratio: 13.40
• 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): 301.47
• Revenue Forecast (FY): ¥290.64B

• Rating: 75 Outperform
• Price Target: ¥5,999.00 ▲(14.68% Upside)
• Action: Upgraded Date: 10/23/25
• Date: Action: Upgraded 10/23/25

Kamigumi Co's overall stock score is driven by its strong financial performance and positive technical indicators. The company's robust balance sheet and efficient operations support a favorable outlook. While the valuation is reasonable, the stock's technical indicators suggest caution due to potential overbought conditions.

Positive Factors

Integrated end-to-end logistics

Kamigumi’s integrated service set—port operations, domestic/international transport and warehousing—creates durable customer stickiness and recurring revenue streams. Owning multiple links in the cargo lifecycle allows cross-selling, captures multiple fees per shipment and supports long-term contract relationships.

Very strong balance sheet

A high equity ratio and minimal leverage provide financial resilience across cycles and the flexibility to fund capital investments or opportunistic expansion without reliance on external debt. This structural strength reduces default risk and preserves strategic optionality over the medium term.

Robust cash generation

Consistent conversion of earnings to cash (OCF/Net Income 1.50) and a FCF/Net Income near 1.0 indicate durable cash generation. That supports capex, dividends and working capital needs, underpinning operational continuity and shareholder returns if the company sustains cash conversion trends.

Negative Factors

Declining free cash flow

A meaningful one-year FCF drop of 24.11% is a structural warning if it persists: reduced free cash constrains reinvestment, dividend capacity and buffer for volatility. Management must reverse this trend to maintain long-term financial flexibility and funding for growth initiatives.

Modest revenue growth

Revenue growth around mid-single digits suggests steady but limited top-line expansion absent structural market share gains or new offerings. For a capital-intensive logistics operator, modest growth can limit operating leverage and long-term earnings upside unless offset by margin expansion or service diversification.

Moderate return on equity

An ROE near 7% is moderate for an established logistics business and may signal limited capital efficiency. Given low leverage, ROE improvement will rely on higher operating margins or faster growth; otherwise investor returns could lag higher‑return peers in the sector over time.

Kamigumi Co Business Overview & Revenue Model

Company Description

Kamigumi Co., Ltd. provides an integrated logistics services in Japan and internationally. The company offers harbor transportation services; warehousing storage and distribution processing services; and truck, air, and rail transportation services, as well as sea freight services. It also provides on-site factory services, including loading and unloading of ship-borne raw materials; transportation of materials to sites; and provision of secondary processing, product controls/shipping work, and environmental response work services. In addition, the company offers heavy cargo transportation services for transformer plants, industrial equipment, petrochemical plant equipment, and railcars. Further, it provides construction services for housing, warehouses, offices, and stores; offers breakdown and disposal services for large equipment and facilities, such as steel plant rolling mill production lines and large conveyor systems for sand and rock; designs and constructs steel structures; constructs and maintains amusement facilities; and provides machinery maintenance services. Additionally, the company engages in apartment rental; alcoholic beverage production; and restaurant businesses, as well as solar business. It also develops and leases commercial facilities, operates parking areas, and cultivates tomatoes. Kamigumi Co., Ltd. was founded in 1867 and is headquartered in Kobe, Japan.

How the Company Makes Money

Kamigumi makes money by charging fees for logistics services delivered across the cargo lifecycle, with revenue primarily generated from (1) port/harbor logistics and cargo handling (e.g., stevedoring, terminal/port operations, and related on-site logistics work), (2) domestic transportation services (moving cargo between ports, warehouses, and customer facilities), (3) international logistics and freight-related services (arranging cross-border shipments and associated logistics coordination), and (4) warehousing and distribution services (storage, inventory handling, and value-added distribution work). The company’s earnings are supported by its ability to provide end-to-end logistics solutions—combining port operations, transport, and warehousing—allowing it to capture multiple service fees per shipment and secure longer-term, repeat business from customers with ongoing logistics needs. Specific information on major customer partnerships, pricing structures, or segment-level revenue contributions is null.

Kamigumi Co Financial Statement Overview

Summary

Kamigumi Co exhibits strong financial performance with solid revenue growth, profitability, and operational efficiency. The balance sheet is robust with low leverage and high liquidity. Cash flow management is generally strong, though attention is needed on maintaining free cash flow stability.

Income Statement

Kamigumi Co has demonstrated solid financial performance with a consistent increase in revenue and profitability. The Gross Profit Margin remained stable around 20%, and the Net Profit Margin improved slightly to 9.65% in 2025. Revenue growth was healthy at 4.65% from 2024 to 2025, indicating a positive trajectory. EBIT and EBITDA margins are strong, showcasing efficient operations. Overall, the income statement reflects robust growth and operational effectiveness.

Balance Sheet

The company's balance sheet is strong with a high equity ratio of about 78%, reflecting financial stability and low leverage. The Debt-to-Equity Ratio is low at 0.11, indicating minimal reliance on debt financing. Return on Equity (ROE) is solid at approximately 7.03%, showing effective use of shareholder funds. The company maintains a significant cash position, enhancing liquidity. Overall, the balance sheet is stable with low risk of financial distress.

Cash Flow

Kamigumi Co's cash flow statements indicate solid cash generation capabilities with an Operating Cash Flow to Net Income ratio of 1.50, suggesting efficient conversion of earnings to cash. Free Cash Flow showed a decline of 24.11% from 2024 to 2025, which could raise concerns if the trend continues. However, the company maintains a healthy Free Cash Flow to Net Income ratio of 1.01, ensuring sufficient cash return on earnings. Overall, cash flow management is strong, with some attention needed on maintaining free cash flow stability.

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	283.78B	279.18B	266.79B	274.14B	261.68B	268.29B
Gross Profit	56.91B	55.54B	51.01B	51.35B	47.95B	43.23B
EBITDA	47.24B	46.29B	44.24B	45.17B	41.61B	37.37B
Net Income	27.72B	26.93B	25.04B	24.62B	20.86B	17.93B
Balance Sheet
Total Assets	484.59B	491.09B	483.92B	456.04B	434.73B	415.54B
Cash, Cash Equivalents and Short-Term Investments	70.22B	101.89B	90.43B	76.28B	56.40B	44.08B
Total Debt	40.64B	40.49B	30.00B	20.00B	0.00	0.00
Total Liabilities	99.44B	106.57B	96.63B	83.03B	66.81B	63.13B
Stockholders Equity	383.49B	382.89B	385.67B	371.25B	366.14B	350.48B
Cash Flow
Free Cash Flow	0.00	27.23B	35.89B	23.51B	20.41B	17.41B
Operating Cash Flow	0.00	40.41B	42.47B	35.56B	37.04B	29.56B
Investing Cash Flow	0.00	-7.47B	-16.42B	-13.72B	-3.80B	-30.25B
Financing Cash Flow	0.00	-17.89B	-12.22B	-2.22B	-9.78B	-8.63B

Kamigumi Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5231.00
• 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:9364, the sentiment is Neutral. The current price of 5231 is below the 20-day moving average (MA) of 5660.75, below the 50-day MA of 5538.08, and above the 200-day MA of 4748.96, indicating a neutral trend. The MACD of 14.53 indicates Positive momentum. The RSI at 46.02 is Neutral, neither overbought nor oversold. The STOCH value of 47.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9364.

Kamigumi Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9364	75 Outperform	¥498.79B	17.00	7.52%	3.35%	6.71%	15.51%
9301	68 Neutral	¥496.38B	11.01	13.93%	2.81%	8.22%	48.07%
9303	67 Neutral	¥299.18B	19.07	―	2.94%	4.50%	82.34%
9069	66 Neutral	¥295.83B	12.68	8.30%	2.50%	7.94%	-13.01%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9302	57 Neutral	¥310.92B	20.24	―	1.28%	8.11%	-9.27%
9147	53 Neutral	¥845.52B	310.63	―	2.99%	4.96%	1.67%

Kamigumi Co Corporate Events

Kamigumi to Grant Restricted Treasury Shares to Employees as Long-Term Incentive

Kamigumi Co., Ltd. will dispose of 8,046 shares of its treasury stock on April 1, 2026, as restricted share-based compensation to 149 eligible employees, at a disposal value of 5,555 yen per share for a total of 44,695,530 yen. The move is part of a restricted stock compensation program designed to motivate employees to enhance the company’s stock price and corporate value, with shares subject to transfer restrictions until retirement and possible free acquisition by the company under certain conditions.

Under the program, employees contribute monetary compensation claims in kind in exchange for the allotted shares, aligning their interests more closely with shareholders. The structure of the restricted stock allotment agreement, including lock-up provisions and clawback-style acquisition rights, underscores Kamigumi’s focus on long-term performance and retention, potentially strengthening its human capital strategy and corporate governance framework.

The most recent analyst rating on (JP:9364) stock is a Buy with a Yen6350.00 price target. To see the full list of analyst forecasts on Kamigumi Co stock, see the JP:9364 Stock Forecast page.

Kamigumi to Grant Restricted Treasury Shares to Executive Officers as Long-Term Incentive

Kamigumi Co., Ltd. has approved the disposal of 4,050 shares of its treasury stock as restricted share-based compensation for 18 executive officers, with a disposal value of 5,555 yen per share and a total value of 22,497,750 yen. The shares, to be allotted on April 1, 2026, will be subject to transfer restrictions until March 31, 2056, under a restricted stock allotment agreement that also allows the company to acquire the shares without charge under certain conditions.

This disposal is part of a restricted stock compensation program introduced in 2023 for executive officers who are not directors, designed to provide long-term incentives to sustainably enhance corporate value and more closely align management’s interests with those of shareholders. Eligible executives will contribute monetary compensation claims in kind in exchange for the shares, reinforcing a performance- and value-linked compensation structure that may strengthen governance and commitment to long-term growth.

The most recent analyst rating on (JP:9364) stock is a Buy with a Yen6350.00 price target. To see the full list of analyst forecasts on Kamigumi Co stock, see the JP:9364 Stock Forecast page.

Kamigumi Advances Share Buyback, Repurchasing Over 2.25 Million Shares

Kamigumi Co., Ltd. has reported the latest status of its share buyback program, disclosing that it acquired 344,900 shares of common stock between February 1 and 28, 2026, for a total of about ¥1.93 billion. These purchases are being executed through market transactions on the Tokyo Stock Exchange under a board-approved program that runs from mid-September 2025 to March 24, 2026.

Under the resolution announced in September 2025, Kamigumi is authorized to repurchase up to 3.8 million shares, or 3.75% of its outstanding stock, for a maximum of ¥13 billion, as part of its capital policy. As of February 28, 2026, the company has cumulatively bought back 2,258,100 shares for approximately ¥11.21 billion, signaling substantial progress toward the program’s limits and potentially enhancing shareholder value through improved capital efficiency and reduced share float.

The most recent analyst rating on (JP:9364) stock is a Buy with a Yen6485.00 price target. To see the full list of analyst forecasts on Kamigumi Co stock, see the JP:9364 Stock Forecast page.

Kamigumi Corrects Effective Date of Subsidiary Leadership Change

Kamigumi has issued a correction to its previously announced organizational and personnel changes, clarifying the schedule for a key leadership appointment at subsidiary Japan Port Industry Co., Ltd. The company now states that Shingo Taniguchi is planned to assume the role of President and Representative Director at Japan Port Industry on May 31, 2026, rather than May 1, 2026, as originally disclosed.

The correction, which also confirms Taniguchi’s current position as Advisor at Japan Port Industry following his role as Manager of the Yahata Branch, fine-tunes the timeline of the group’s leadership transition. While operational impact appears limited, the update underscores Kamigumi’s effort to maintain accurate disclosure around its governance structure and succession planning within its port industry operations.

The most recent analyst rating on (JP:9364) stock is a Buy with a Yen6161.00 price target. To see the full list of analyst forecasts on Kamigumi Co stock, see the JP:9364 Stock Forecast page.

Kamigumi Reshapes Organization and Elevates Three Executives to Representative Directors

Kamigumi Co., Ltd. will overhaul parts of its organizational structure from April 1, 2026, renaming several business headquarters as strategy headquarters and creating a dedicated 3PL Strategy Headquarters within its sales organization. The changes are designed to strengthen portfolio management, bolster core businesses, and capture growing domestic logistics demand as the company pursues the goals of its Medium-Term Management Plan 2030.

The company is also reshaping its top management, promoting three senior managing executive officers—Koichi Hiramatsu, Yukihiro Nagata, and Kazuhisa Shiino—to representative directors from April 1, 2026 to reinforce its management structure. Kamigumi will additionally shift its IR and SR section from the Financial Headquarters to the Corporate Management Headquarters, signaling a realignment of investor and stakeholder communication under a broader corporate management framework.

The most recent analyst rating on (JP:9364) stock is a Buy with a Yen6323.00 price target. To see the full list of analyst forecasts on Kamigumi Co stock, see the JP:9364 Stock Forecast page.

Kamigumi lifts profits, keeps forecast and boosts dividends on solid nine-month performance

Kamigumi Corporation, a Japan-based logistics and port terminal operator, reported solid growth for the nine months ended December 31, 2025, with operating revenues up 5.9% to ¥222.5 billion and profit attributable to owners of parent rising 10.6% to ¥22.7 billion. Earnings per share climbed to ¥224.95, while total assets increased to ¥524.7 billion and the equity ratio, though slightly lower at 74.1%, still underscored a strong financial position.

The company maintained its full-year forecast for the fiscal year ending March 31, 2026, projecting modest revenue and profit growth and basic earnings per share of ¥293.12. Kamigumi also confirmed a sharp increase in dividends, targeting a total annual payout of ¥185 per share, and expanded its consolidation scope by adding India-based Saurashtra Freight Pvt. Ltd and three subsidiaries, signaling ongoing international expansion and shareholder-focused capital policy.

The most recent analyst rating on (JP:9364) stock is a Buy with a Yen6323.00 price target. To see the full list of analyst forecasts on Kamigumi Co stock, see the JP:9364 Stock Forecast page.

Kamigumi Reports Progress on Ongoing Share Buyback Program

Kamigumi Co., Ltd. has disclosed the progress of its ongoing share buyback program, reporting that it repurchased 359,400 shares of its common stock on the market between January 1 and 31, 2026 for a total of approximately ¥1.91 billion. This transaction forms part of a broader capital policy authorized by the board in September 2025, under which the company is permitted to buy back up to 3.8 million shares or ¥13 billion by March 24, 2026, and brings cumulative repurchases to 1,913,200 shares worth about ¥9.28 billion as of end-January, signaling continued efforts to enhance shareholder returns and optimize its capital structure.

The most recent analyst rating on (JP:9364) stock is a Buy with a Yen6029.00 price target. To see the full list of analyst forecasts on Kamigumi Co stock, see the JP:9364 Stock Forecast page.

Kamigumi Advances Share Buyback, Repurchasing 1.55 Million Shares by Year-End 2025

Kamigumi Co., Ltd. has reported the status of its ongoing share buyback program, announcing that it acquired 335,100 shares of its common stock on the market between December 1 and 31, 2025, for a total of approximately ¥1.69 billion. This repurchase forms part of a broader Board-approved program, launched in mid-September 2025 and running through March 24, 2026, that authorizes the acquisition of up to 3.8 million shares or ¥13 billion via Tokyo Stock Exchange market purchases. As of December 31, 2025, the company has cumulatively bought back 1,553,800 shares for about ¥7.37 billion, indicating steady progress toward the maximum authorized amount and underscoring management’s continued focus on capital efficiency and shareholder returns.

The most recent analyst rating on (JP:9364) stock is a Buy with a Yen5167.00 price target. To see the full list of analyst forecasts on Kamigumi Co stock, see the JP:9364 Stock Forecast page.