AIT Corporation (9381) AI Stock Analysis

• Market Cap: ¥52.60B
• Dividend Yield: 3.98%
• Average Volume (3M): 15.56K
• Price to Earnings (P/E): 17.1
• Beta (1Y): 0.68
• 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: ¥2,612.00 ▲(28.61% Upside)

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

Very low leverage and high equity base

Minimal leverage and a high equity ratio provide strong financial flexibility, lowering refinancing and solvency risks. This capital structure supports resilient operations, capacity for opportunistic M&A or capex, and a stable funding base through economic cycles over the next 2-6 months.

Consistent top-line growth

Steady revenue growth indicates durable demand across the company’s electronics, telecom and IT offerings and effective go-to-market execution. Sustained top-line expansion supports scale benefits, absorption of fixed costs, and long-term investment in product development and service contracts.

Strong cash conversion metrics

Operating cash flow and free cash flow roughly match net income, demonstrating high earnings quality and reliable cash generation. This supports durable funding for dividends, maintenance capex, and working capital, reducing dependence on external financing over the medium term.

Negative Factors

Pressure on net profitability

A declining net margin despite healthy gross margin suggests rising operating costs, tax or non-operating expenses are compressing retained earnings. Persistent margin pressure can limit reinvestment capacity and slow EPS growth, affecting long-term profit sustainability if not addressed.

Modest EPS growth

EPS growth lags revenue expansion, implying margin compression, share issuance, or non-operational drags. Slower earnings per share progression reduces potential for meaningful increases in shareholder returns and may constrain the company’s ability to fund larger strategic initiatives over the medium term.

Slow free cash flow growth rate

Although cash conversion is solid, the low FCF growth rate limits the pace at which the company can expand capital allocation to M&A, R&D, or larger dividends without tapping reserves. Modest FCF growth can slow strategic moves and reduce optionality versus faster-growing peers.

AIT Corporation Business Overview & Revenue Model

Company Description

AIT Corporation (9381) is a diversified company primarily involved in the manufacturing and provision of advanced technology solutions. Operating in sectors such as electronics, telecommunications, and information technology, AIT Corporation specializes in developing innovative products and services that cater to both consumer and enterprise markets. Its core offerings include electronic components, telecommunications infrastructure, and IT solutions, aimed at enhancing connectivity and operational efficiency for businesses worldwide.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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: Positive
• 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 2258.50, below the 50-day MA of 2168.20, and above the 200-day MA of 1948.29, indicating a neutral trend. The MACD of 21.91 indicates Positive momentum. The RSI at 52.62 is Neutral, neither overbought nor oversold. The STOCH value of 27.28 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	¥13.72B	9.17	―	3.04%	4.45%	29.58%
9381	78 Outperform	¥52.60B	17.07	―	3.98%	10.52%	7.14%
9310	75 Outperform	¥78.32B	12.48	―	3.63%	2.67%	18.02%
9304	69 Neutral	¥78.99B	13.37	―	3.48%	4.17%	24.54%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

AIT Corporation Corporate Events

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.

AIT Corporation Reports LOGISTEED’s Interim Financial Results

AIT Corporation has announced the interim financial results of its non-listed affiliate, LOGISTEED, Ltd., for the second quarter of the fiscal year ending March 31, 2026. This announcement highlights the company’s ongoing commitment to transparency and provides stakeholders with insights into the financial health and performance of its affiliated entities.

The most recent analyst rating on (JP:9381) stock is a Buy with a Yen2124.00 price target. To see the full list of analyst forecasts on AIT Corporation stock, see the JP:9381 Stock Forecast page.