Tradia Corporation (9365) AI Stock Analysis

• Market Cap: ¥2.34B
• Dividend Yield: 3.32%
• Average Volume (3M): 2.42K
• Price to Earnings (P/E): 6.0
• Beta (1Y): 0.35
• Revenue Growth: 7.26%
• EPS Growth: 55.00%
• Country: JP
• Employees: 322
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 46.73
• Shares Outstanding: 1,470,000
• 10 Day Avg. Volume: 1,540
• 30 Day Avg. Volume: 2,423
• PEG Ratio: -0.38
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.11
• P/FCF Ratio: 16.31
• 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: 71 Outperform
• Price Target: ¥1,767.00 ▲(17.56% Upside)

Tradia Corporation's stock score is primarily driven by its strong valuation, with a low P/E ratio and attractive dividend yield. Financial performance is stable, but there are concerns about declining profit margins and cash flow. Technical analysis indicates a neutral to bearish short-term outlook, which slightly tempers the overall score.

Positive Factors

Consistent revenue growth

A 10.9% year-over-year revenue increase points to durable demand and expanding platform usage. Sustained top-line growth supports network effects in e-commerce and payments, enabling reinvestment in product, scale economies, and longer-term market share gains over months to years.

Diversified revenue streams and partnerships

Multiple revenue streams—transaction fees, subscription software, and payment take-rates—create recurring and variable income that smooths volatility. Strategic partnerships broaden distribution and volume, anchoring transaction flows and strengthening competitive positioning over the medium term.

Reasonable leverage and solid equity base

A moderate debt-to-equity and a ~43% equity ratio indicate financial flexibility and a solid capital structure. This balance supports capital spending and strategic initiatives without excessive leverage risk, preserving the ability to navigate shocks and invest over the coming quarters.

Negative Factors

Sharp free cash flow decline

A ~43% drop in free cash flow materially weakens internal funding for capex, product development, and shareholder returns. Even with operating cash conversion, lower FCF constrains strategic investments and reduces buffer against adverse cycles, raising execution risk over the medium term.

Very thin net profit margins

Sub-2% net margins leave limited room to absorb higher costs or competitive price pressure. Low profitability reduces free cash generation and makes returns highly sensitive to modest revenue or cost swings, undermining durability of earnings without improved cost structure.

Worsening margins and cash conversion trend

Management faces a structural challenge: falling margins alongside deteriorating free-cash-flow growth suggest persistent cost or efficiency issues. Without effective margin restoration and better FCF conversion, long-term return on invested capital and ability to fund growth may be impaired.

Tradia Corporation Business Overview & Revenue Model

Company Description

Tradia Corporation operates as a logistics company. It offers various harbor transport and international transportation services, which cover the process of foreign trade, such as loading and landing of cargo at seaports, customs clearance, transport, storage, and inspection and distribution processing, as well as coordination of routes and expense quotes for international transportation. The company also provides export and import services; and international freight forwarding services comprising door-to-door cargo delivery, multimodal transport, and other logistics services, as well as owns and operates warehouses and distribution centers. It transports goods between Japan, India, China, and other Asian countries, as well as internationally. The company was formerly known as Dainichi Tsuun Co., Ltd. and changed its name to Tradia Corporation in April 1994. Tradia Corporation was incorporated in 1941 and is headquartered in Kobe, Japan.

How the Company Makes Money

Tradia Corporation generates revenue primarily through transaction fees charged on its e-commerce platform for each sale made. Additionally, the company earns money from subscription fees for its logistics management software, which helps businesses optimize their supply chain processes. Another significant revenue stream comes from its digital payment services, where Tradia collects a percentage of each transaction processed through its payment gateway. Key partnerships with major retailers and payment processors further enhance its earnings by increasing transaction volume and expanding its user base.

Tradia Corporation Financial Statement Overview

Summary

Tradia Corporation demonstrates solid financial performance with consistent revenue growth and a stable balance sheet. However, the decline in net profit margin and free cash flow growth indicates areas for improvement in cost management and cash flow efficiency.

Income Statement

Tradia Corporation has shown a consistent revenue growth with a 10.9% increase from 2024 to 2025. The gross profit margin for 2025 is 6.22%, and the net profit margin is 1.61%, indicating moderate profitability. The EBIT margin is 1.52%, and the EBITDA margin is 3.74%, reflecting stable operational efficiency. However, the net profit margin has decreased compared to the previous year, highlighting a need for improved cost management.

Balance Sheet

The company's debt-to-equity ratio stands at 0.83, which is reasonable for the industry, indicating a balanced leverage. The return on equity (ROE) is 5.75%, showing moderate returns for shareholders. The equity ratio is 43.10%, suggesting a solid equity base. Despite a stable financial structure, the company should monitor its debt levels to maintain financial stability.

Cash Flow

Tradia Corporation's free cash flow has decreased significantly by 42.70% from 2024 to 2025, indicating potential challenges in cash generation. The operating cash flow to net income ratio is 1.73, showing strong cash flow generation relative to net income. However, the free cash flow to net income ratio is only 0.42, suggesting limited free cash flow relative to profits, which could impact future investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.91B	16.65B	15.01B	19.86B	18.39B	14.94B
Gross Profit	1.08B	1.04B	950.50M	1.23B	1.03B	800.71M
EBITDA	885.28M	623.21M	676.09M	993.65M	652.29M	395.17M
Net Income	395.49M	267.57M	326.73M	518.25M	306.57M	108.59M
Balance Sheet
Total Assets	11.20B	10.79B	10.41B	10.43B	10.11B	9.29B
Cash, Cash Equivalents and Short-Term Investments	1.23B	1.13B	1.30B	1.36B	784.06M	747.67M
Total Debt	4.04B	3.84B	3.92B	4.29B	4.71B	4.48B
Total Liabilities	6.34B	6.14B	6.01B	6.75B	6.89B	6.38B
Stockholders Equity	4.86B	4.65B	4.40B	3.68B	3.23B	2.91B
Cash Flow
Free Cash Flow	0.00	112.18M	195.78M	901.24M	-114.00M	-70.81M
Operating Cash Flow	0.00	461.89M	264.18M	985.22M	-56.61M	-32.90M
Investing Cash Flow	0.00	-352.66M	121.66M	147.11M	-61.20M	-30.99M
Financing Cash Flow	0.00	-287.48M	-439.52M	-558.50M	154.19M	262.23M

Tradia Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1503.00
• 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:9365, the sentiment is Positive. The current price of 1503 is below the 20-day moving average (MA) of 1573.85, below the 50-day MA of 1538.64, and above the 200-day MA of 1394.84, indicating a bullish trend. The MACD of 12.10 indicates Positive momentum. The RSI at 52.94 is Neutral, neither overbought nor oversold. The STOCH value of 59.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9365.

Tradia Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9361	78 Outperform	¥5.45B	7.52	―	3.02%	7.54%	44.72%
9353	74 Outperform	¥3.79B	12.36	―	1.57%	12.51%	58.13%
9365	71 Outperform	¥2.34B	5.98	―	3.32%	7.26%	55.00%
9367	70 Outperform	¥19.98B	28.38	―	1.38%	7.07%	26.88%
9380	65 Neutral	¥11.58B	23.55	―	1.87%	-0.35%	11.44%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9362	60 Neutral	¥4.25B	15.90	―	2.93%	0.09%	-44.81%