K.R.S.Corporation (9369) AI Stock Analysis

• Market Cap: ¥68.31B
• Dividend Yield: 0.99%
• Average Volume (3M): 75.67K
• Price to Earnings (P/E): 25.3
• Beta (1Y): 1.05
• Revenue Growth: 4.26%
• EPS Growth: N/A
• Country: JP
• Employees: 7,523
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 22.79
• Shares Outstanding: 25,355,800
• 10 Day Avg. Volume: 57,270
• 30 Day Avg. Volume: 75,670
• PEG Ratio: -56.36
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 0.33
• P/FCF Ratio: -39.40
• 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): 96.55
• Revenue Forecast (FY): ¥206.10B

• Rating: 58 Neutral
• Price Target: ¥2,858.00 ▲(3.70% Upside)
• Action: Reiterated Date: 01/16/26
• Date: Action: Reiterated 01/16/26

The score is driven primarily by mixed financial quality: improving profitability and steady revenue growth are offset by thin margins, moderate leverage, and negative free cash flow in 2024–2025. Technicals are supportive with strong momentum, but valuation is a headwind given the higher P/E and low dividend yield.

Positive Factors

Steady revenue growth

Consistent revenue growth through 2025 indicates resilient demand for the company’s integrated freight and logistics services. A predictable top-line supports longer-term network utilization, capacity planning and incremental investment, improving stability of cash generation and strategic planning over the next several months.

Positive operating cash flow

Sustained positive operating cash flow (~9.6B in 2025) shows the core business converts revenue into cash, underpinning working capital needs and daily operations. This durable cash-generation ability provides a foundation for maintaining service levels and funding necessary capex or restructuring without immediate reliance on market financing.

Return to profitability / positive ROE

Re-establishing positive net income and a return on equity (~5.8% in 2025) demonstrates management’s ability to restore profitability after 2023 weakness. This improvement supports reinvestment and signals better operational control, reducing insolvency risk and improving the firm's capacity to generate shareholder value over the medium term.

Negative Factors

Thin operating and net margins

Very slim operating (~2.9%) and net (~1.3%) margins mean limited buffer against cost inflation, fuel price swings, or contract pressure. Persistently thin margins constrain retained earnings, make returns sensitive to small revenue or cost shifts, and hinder the firm’s ability to build durable profitability over time.

Negative free cash flow recently

Despite positive operating cash flow, negative free cash flow in 2024–2025 indicates investments or working capital needs consume available cash. Prolonged FCF deficits limit capacity to deleverage, fund growth internally, or return capital, increasing reliance on external financing and pressuring strategic flexibility.

Moderate and rising leverage

Debt-to-equity near 1.0 with rising total debt raises financial risk, especially given thin margins and negative recent FCF. Moderate leverage constrains balance sheet flexibility, increases interest burden sensitivity and reduces tolerance for demand shocks, complicating capital allocation and risk management over the medium term.

K.R.S.Corporation Business Overview & Revenue Model

Company Description

K.R.S. Corporation (9369) is a diversified company operating primarily in the manufacturing and technology sectors. The company specializes in producing high-quality consumer electronics and industrial equipment, with a strong emphasis on innovation and sustainability. K.R.S. Corporation is committed to delivering cutting-edge solutions that enhance productivity and improve the quality of life for its customers.

K.R.S.Corporation Financial Statement Overview

Summary

Revenue has grown steadily through 2025 and profitability has recovered after 2023, but operating and net margins remain thin. Balance sheet leverage is moderate (about 1x debt-to-equity) with rising debt, and recent free cash flow has been negative despite positive operating cash flow, increasing financial risk.

Income Statement

Revenue has grown steadily from 2020 to 2025 (2025 up ~3.8% year-over-year), indicating resilient demand. Profitability is positive in the last two years after a loss in 2023, with 2025 net profit margin around 1.3% and operating margin near 2.9%, but margins remain thin for the business model and leave limited cushion if costs rise. Overall, the trajectory is improving, but earnings power is modest and has shown volatility.

Balance Sheet

The balance sheet is serviceable but moderately levered: debt-to-equity sits around ~1.0 in 2024–2025, and total debt has trended upward since 2021. Equity has also grown, helping support the asset base, and return on equity is positive again (~5.8% in 2025) after turning negative in 2023. Key risk is the reliance on debt financing with only mid-single-digit returns, which can pressure flexibility in a weaker operating environment.

Cash Flow

Operating cash flow is consistently positive (about 9.6B in 2025), which supports day-to-day stability, but free cash flow has been uneven and is negative in 2024 and 2025. Cash generation has not consistently translated into surplus cash after investment needs, and the conversion of profits into operating cash flow appears modest versus the level of equity and debt on the balance sheet. The main weakness is the recent inability to produce positive free cash flow despite returning to profitability.

Breakdown	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021
Income Statement
Total Revenue	202.60B	195.19B	184.62B	179.65B	175.97B
Gross Profit	12.22B	12.04B	10.23B	9.58B	9.47B
EBITDA	13.41B	12.89B	11.12B	10.46B	9.88B
Net Income	2.65B	2.66B	-1.33B	1.46B	1.56B
Balance Sheet
Total Assets	136.57B	130.63B	118.87B	118.98B	110.84B
Cash, Cash Equivalents and Short-Term Investments	4.53B	5.47B	3.86B	4.99B	3.80B
Total Debt	48.38B	43.94B	40.01B	39.04B	35.35B
Total Liabilities	79.41B	75.98B	67.42B	66.82B	62.96B
Stockholders Equity	45.29B	42.90B	40.19B	41.39B	38.48B
Cash Flow
Free Cash Flow	-1.70B	1.06B	1.47B	1.14B	-3.99B
Operating Cash Flow	9.57B	12.32B	9.09B	8.12B	7.57B
Investing Cash Flow	-12.60B	-12.59B	-8.24B	-7.76B	-11.34B
Financing Cash Flow	2.11B	1.89B	-1.90B	499.00M	-2.16B

K.R.S.Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2756.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9369, the sentiment is Negative. The current price of 2756 is below the 20-day moving average (MA) of 3006.65, below the 50-day MA of 3068.72, and below the 200-day MA of 3001.40, indicating a bearish trend. The MACD of -74.21 indicates Positive momentum. The RSI at 35.80 is Neutral, neither overbought nor oversold. The STOCH value of 12.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9369.

K.R.S.Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9306	80 Outperform	¥14.05B	8.60	―	3.04%	4.45%	29.58%
9037	78 Outperform	¥132.16B	11.68	―	2.12%	3.09%	8.50%
9304	73 Outperform	¥78.14B	6.51	―	3.48%	4.17%	24.54%
9351	73 Outperform	¥14.77B	7.26	―	3.85%	4.96%	38.47%
9310	68 Neutral	¥76.28B	9.20	―	3.63%	2.67%	18.02%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9369	58 Neutral	¥68.31B	25.28	―	0.99%	4.26%	―