AIT Corporation (9381) AI Stock Analysis

• Market Cap: ¥53.61B
• Dividend Yield: 3.98%
• Average Volume (3M): 15.56K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.66
• Revenue Growth: 10.52%
• EPS Growth: 7.14%
• Country: JP
• Employees: 1,198
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 37.97
• Shares Outstanding: 23,913,600
• 10 Day Avg. Volume: 17,550
• 30 Day Avg. Volume: 15,556
• PEG Ratio: 6.30
• Price to Book (P/B): 1.95
• Price to Sales (P/S): 0.67
• P/FCF Ratio: 11.79
• 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: ¥2,601.00 ▲(28.06% Upside)
• Action: Reiterated Date: 11/13/25
• Date: Action: Reiterated 11/13/25

AIT Corporation's strong financial performance is the most significant factor, supported by robust revenue growth, efficient cost management, and a solid balance sheet. The technical analysis presents mixed signals, with some bearish momentum indicators. The valuation is reasonable, with an attractive dividend yield. Overall, the stock is well-positioned, but investors should be mindful of the mixed technical signals.

Positive Factors

Strong balance sheet

Extremely low leverage (D/E 0.01) and a high equity ratio (~74.6%) provide durable financial flexibility. This capital structure reduces refinancing risk, supports stable dividend capacity, funds working capital and capex, and enables opportunistic M&A or shock absorption over the next 2–6 months.

Reliable cash generation

Operating cash flow slightly exceeds net income and free cash flow converts >1x, indicating strong cash conversion and quality of earnings. That reliable cash generation underpins sustainable dividends, working capital and incremental investments without heavy external funding, supporting medium-term stability.

Steady revenue and healthy margins

Mid-single-digit revenue growth (~8.2%) combined with double-digit gross margin and positive EBIT/EBITDA margins signals operational efficiency and steady demand for logistics services. This mix supports earnings resilience and cash flow predictability, benefiting medium-term profitability and reinvestment capacity.

Negative Factors

Net margin compression

A declining net margin (5.48%) suggests margin pressure possibly from rising costs or pricing limits in logistics. Persistent compression would erode earnings leverage from revenue growth, reduce retained cash for reinvestment and dividends, and could impair ROE if not addressed within several quarters.

Slow EPS growth

EPS growth near ~2.7% is modest and indicates limited earnings acceleration. Over a medium horizon this dampens compounding of shareholder returns and suggests either constrained pricing power, modest efficiency gains, or capital allocation that currently delivers limited incremental EPS expansion.

Modest FCF growth rate

Free cash flow growth is positive but small (~2.8%), limiting the pace at which the company can scale capex, pursue larger M&A or accelerate buybacks without raising external capital. If growth in cash generation remains tepid, it constrains strategic optionality over the next several quarters.

AIT Corporation Business Overview & Revenue Model

Company Description

AIT Corporation operates as an integrated logistics company in China and Southeast Asia. The company provides marine and air freight forwarding, motor truck and railroad cargo forwarding, coastal freight forwarding, airfreight agency, customs clearance, warehousing, ship brokerage, and nonlife insurance agency services. It also sells and imports/exports containers and other transportation equipment; and clothing, chemicals, electromechanical parts, daily necessities, exterior products, food products, medicines, and automotive supplies. AIT Corporation was incorporated in 1988 and is headquartered in Osaka, Japan.

How the Company Makes Money

AIT Corporation generates revenue through several key streams, including the sale of electronic components to manufacturers in various industries, the provision of telecommunications infrastructure solutions to service providers, and IT consulting services to businesses seeking to optimize their technology investments. The company has established significant partnerships with leading technology firms, enabling it to leverage complementary strengths and expand its product offerings. Additionally, AIT Corporation benefits from ongoing maintenance and support contracts, which provide a steady income stream as customers continue to rely on its technology solutions for their operations.

AIT Corporation Financial Statement Overview

Summary

AIT Corporation exhibits robust financial health with strong revenue growth, efficient cost management, and a solid balance sheet. The company maintains low leverage and high equity, contributing to financial stability. Cash flow metrics indicate effective cash management, supporting sustainable operations. While profitability margins show slight pressure, overall financial performance remains strong.

Income Statement

AIT Corporation shows strong revenue growth with a 8.24% increase from 2024 to 2025. The gross profit margin remains healthy at 18.14% in 2025, indicating efficient cost management. However, the net profit margin slightly decreased to 5.48% in 2025, suggesting some pressure on profitability. The EBIT margin of 7.32% and EBITDA margin of 9.47% reflect solid operational performance.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.01, indicating minimal leverage. The return on equity is robust at 15.99%, showcasing effective utilization of shareholder funds. The equity ratio is high at 74.58%, reflecting financial stability and a strong capital structure.

Cash Flow

AIT Corporation demonstrates positive cash flow management with a free cash flow growth rate of 2.78% from 2024 to 2025. The operating cash flow to net income ratio is 1.06, indicating efficient cash generation relative to net income. The free cash flow to net income ratio is 1.03, highlighting strong cash conversion.

Breakdown	TTM	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021
Income Statement
Total Revenue	57.73B	55.64B	51.40B	69.46B	59.93B	45.80B
Gross Profit	10.00B	10.10B	10.22B	11.24B	9.68B	8.20B
EBITDA	5.05B	5.27B	5.26B	6.39B	4.43B	3.17B
Net Income	3.17B	3.05B	2.99B	3.68B	2.37B	1.73B
Balance Sheet
Total Assets	26.32B	25.54B	23.87B	24.89B	23.52B	21.63B
Cash, Cash Equivalents and Short-Term Investments	13.60B	14.08B	14.50B	15.37B	12.65B	10.65B
Total Debt	159.00M	221.00M	292.00M	1.83B	2.70B	3.70B
Total Liabilities	6.43B	6.06B	6.02B	8.29B	9.38B	9.40B
Stockholders Equity	19.42B	19.05B	17.51B	16.32B	13.93B	12.02B
Cash Flow
Free Cash Flow	0.00	3.15B	3.06B	5.18B	3.72B	1.45B
Operating Cash Flow	0.00	3.23B	3.17B	5.32B	3.77B	1.52B
Investing Cash Flow	0.00	-1.88B	-201.00M	167.00M	396.00M	-300.59M
Financing Cash Flow	0.00	-2.11B	-4.06B	-2.81B	-2.20B	-1.99B

AIT Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2031.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9381, the sentiment is Positive. The current price of 2031 is below the 20-day moving average (MA) of 2235.10, below the 50-day MA of 2195.63, and above the 200-day MA of 1962.87, indicating a bullish trend. The MACD of 21.59 indicates Negative momentum. The RSI at 61.82 is Neutral, neither overbought nor oversold. The STOCH value of 56.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9381.

AIT Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9306	80 Outperform	¥14.21B	10.20	―	3.04%	4.45%	29.58%
9381	78 Outperform	¥53.61B	17.48	―	3.98%	10.52%	7.14%
9304	73 Outperform	¥85.26B	11.80	―	3.48%	4.17%	24.54%
9310	68 Neutral	¥85.85B	13.87	―	3.63%	2.67%	18.02%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

AIT Corporation Corporate Events

AIT Discloses Third-Quarter Results of Key Logistics Affiliate LOGISTEED

AIT Corporation disclosed the consolidated financial results for the third quarter of fiscal 2026 for LOGISTEED, Ltd., a non-listed affiliated company that provides comprehensive logistics services. By sharing the performance of LOGISTEED, AIT offers investors greater transparency into the financial status of a key affiliate that contributes to its broader logistics network and may influence group-level performance assessments.

The announcement underscores AIT’s practice of reporting on important non-listed affiliates, which can be material to understanding its overall business exposure and strategic positioning in the logistics sector. While specific figures were not included in the notice, the disclosure signals management’s recognition that LOGISTEED’s quarterly results are relevant to stakeholders monitoring AIT’s operational environment and affiliate performance.

The most recent analyst rating on (JP:9381) stock is a Buy with a Yen2668.00 price target. To see the full list of analyst forecasts on AIT Corporation stock, see the JP:9381 Stock Forecast page.

AIT Posts Higher Nine-Month Earnings and Raises Full-Year Dividend Forecast

For the nine months ended November 30, 2025, AIT Corporation reported consolidated operating revenue of ¥44.15 billion, up from ¥41.92 billion a year earlier, with operating profit of ¥3.29 billion and profit attributable to owners of parent of ¥2.52 billion, both slightly higher year on year. Total assets rose to ¥26.78 billion while the equity ratio remained strong at 72.5%, and the company left its full-year forecast unchanged at ¥60.0 billion in revenue and ¥3.17 billion in profit attributable to owners of parent, while revising its dividend plan upward to a total of ¥100 per share for the fiscal year, signaling confidence in earnings stability and a continued focus on shareholder returns despite modest pressure on comprehensive income and a slight decline in the equity ratio.

The most recent analyst rating on (JP:9381) stock is a Buy with a Yen2600.00 price target. To see the full list of analyst forecasts on AIT Corporation stock, see the JP:9381 Stock Forecast page.

AIT Corporation Raises Year-End Dividend Forecast, Lifts Annual Payout to ¥100

AIT Corporation has revised its dividend plan for the fiscal year ending February 28, 2026, raising its year-end dividend forecast from ¥45 to ¥55 per share, which will bring the total annual dividend to ¥100 per share, up from the previous forecast of ¥90 and from ¥80 in the prior fiscal year. Management said the increase reflects solid progress in consolidated operating results, a sound financial position, and confidence in future business developments in Japan and overseas, underscoring the company’s commitment to enhancing shareholder returns through stable, twice-yearly dividends while still retaining earnings to strengthen its business foundation.

The most recent analyst rating on (JP:9381) stock is a Buy with a Yen2292.00 price target. To see the full list of analyst forecasts on AIT Corporation stock, see the JP:9381 Stock Forecast page.

AIT Corporation Posts Revenue Growth and Raises Dividend Forecast for FY2025

AIT Corporation reported consolidated operating revenue of ¥44.15 billion for the nine months ended November 30, 2025, up from ¥41.92 billion a year earlier, with operating profit of ¥3.29 billion and profit attributable to owners of parent rising slightly to ¥2.52 billion. Total assets increased to ¥26.78 billion and net assets to ¥19.93 billion, although the equity ratio eased to 72.5%, and comprehensive income declined 5.1%. The company maintained its full-year forecast, projecting ¥60.0 billion in operating revenue and ¥3.17 billion in profit attributable to owners of parent, but revised its dividend plan upward, lifting the forecast annual dividend per share to ¥100.00, signaling confidence in earnings resilience and a commitment to shareholder returns despite modest profit growth and a softer equity ratio.

The most recent analyst rating on (JP:9381) stock is a Buy with a Yen2292.00 price target. To see the full list of analyst forecasts on AIT Corporation stock, see the JP:9381 Stock Forecast page.

AIT Reshapes Senior Sales Leadership Ahead of 2026

AIT Corporation announced board-approved senior personnel changes effective March 1, 2026, as part of an organizational realignment of its sales leadership. Shin-ichi Magami, currently a managing director on secondment to Nisshin Transportation Co., Ltd., will become Managing Director and Head of the Sales Division, while Nobuo Otsuki, also a director on secondment to Nisshin Transportation, will serve as Director in charge of the Osaka and Tokyo Sales & Marketing Departments, a move that signals a strengthening of the company’s sales governance and coordination between its core logistics operations and affiliated transportation business.

The most recent analyst rating on (JP:9381) stock is a Buy with a Yen2354.00 price target. To see the full list of analyst forecasts on AIT Corporation stock, see the JP:9381 Stock Forecast page.