Yasuda Logistics Corp

Yasuda Logistics Corp maintains a debt-to-equity ratio of 0.84, indicating a moderate reliance on debt financing, and a current ratio of 1.58, suggesting adequate short-term liquidity to cover its obligations. However, the company's free cash flow is negative at -3.695 billion JPY, and capital expenditures are substantial at -12.675 billion JPY, signaling significant reinvestment in operations.

Profitability metrics show a return on equity of 0.64% and a return on assets of 0.28%, both below the industry median for ground freight and logistics firms, indicating underperformance in capital efficiency and asset utilization. The company's operating margin is 5.14% (8.8 billion JPY operating income on 171.26 billion JPY revenue), which is also below the industry median for comparable firms.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financial report. This lack of segment or geographic diversification increases exposure to regional economic fluctuations and operational risks.

Looking ahead, the company's revenue is projected to grow by 10.5% in the current fiscal year and 8.2% in the next fiscal year, based on analyst estimates and historical performance. However, the negative free cash flow and high capital expenditures suggest that growth is being funded through operational reinvestment rather than surplus cash generation.

The company's risk profile includes medium liquidity risk due to negative net cash after subtracting total debt, and low dilution risk as there is no indication of near-term share issuance or dilution pressure. The company's capital structure is stable, with long-term debt at 78.081 billion JPY and total equity at 93.405 billion JPY.

Recent events include the filing of the latest financial report, which disclosed the company's operating cash flow of 5.885 billion JPY and a net income of 599 million JPY. No significant earnings call transcripts or regulatory filings have been disclosed in the past quarter that would indicate material changes in strategy or operations.

Net income surged 139.9% year-over-year to JPY 6.7 billion in FY2026, demonstrating significant earnings acceleration.

Free cash flow improved by 201.8% to JPY 2.5 billion, marking a strong turnaround from previous negative flows.

Revenue grew at a 10.8% CAGR over four years, reaching JPY 80.0 billion in the latest fiscal year.

Operating income increased 55.9% year-over-year to JPY 4.2 billion, indicating improved core operational profitability.

Net margin of 3.5% ranks above the median for the Ground Freight & Logistics cohort of 96 companies.

Operating margin of 0.5% falls in the bottom quartile compared to the 4.8% median for the logistics cohort.

Return on equity of 0.6% is significantly below the 3.5% median for the Ground Freight & Logistics sector.

The company faces high credit risk according to internal risk flag assessments, signaling potential financial stability concerns.

Long-term debt increased to JPY 78.6 billion in FY2026, reflecting a growing leverage burden on the balance sheet.

Capital expenditure intensity is in the bottom quartile, suggesting potentially excessive spending relative to revenue generation.

Revenue ¥19.74B, +6,6% YoY; Operating income +21,1% YoY.

• ▍Revenue ¥19.74B, +6,6% YoY
• ▍Operating income +21,1% YoY
• ▍Net income +20,9% YoY
• ▍Free cash flow −194,4% YoY
• ▍Net margin 5.7%

Revenue ¥20.45B, +15,9% YoY; Operating income +77,3% YoY.

• ▍Revenue ¥20.45B, +15,9% YoY
• ▍Operating income +77,3% YoY
• ▍Net income +51,5% YoY
• ▍Free cash flow −501,0% YoY
• ▍Net margin 3.0%

Revenue ¥19.90B, +16,2% YoY; Operating income +322,7% YoY.

• ▍Revenue ¥19.90B, +16,2% YoY
• ▍Operating income +322,7% YoY
• ▍Net income +24,4% YoY
• ▍Free cash flow +77,2% YoY
• ▍Net margin 3.7%

Revenue ¥19.05B; Operating income ¥941.0M.

• ▍Revenue ¥19.05B
• ▍Operating income ¥941.0M
• ▍Net margin 3.8%

Revenue ¥18.52B; Operating income ¥819.0M.

• ▍Revenue ¥18.52B
• ▍Operating income ¥819.0M
• ▍Net margin 5.0%

Revenue ¥17.64B; Operating income ¥534.0M.

• ▍Revenue ¥17.64B
• ▍Operating income ¥534.0M
• ▍Net margin 2.3%

Revenue ¥17.13B; Operating income ¥88.0M.

• ▍Revenue ¥17.13B
• ▍Operating income ¥88.0M
• ▍Net margin 3.5%

Revenue ¥80.03B, +6,5% YoY; Operating income +55,9% YoY.

• ▍Revenue ¥80.03B, +6,5% YoY
• ▍Operating income +55,9% YoY
• ▍Net income +139,9% YoY
• ▍Free cash flow +201,8% YoY
• ▍Net margin 8.4%

Revenue ¥75.11B, +11,5% YoY; Operating income +28,7% YoY.

• ▍Revenue ¥75.11B, +11,5% YoY
• ▍Operating income +28,7% YoY
• ▍Net income +21,8% YoY
• ▍Free cash flow +112,1% YoY
• ▍Net margin 3.7%

Revenue ¥67.38B, +12,8% YoY; Operating income −9,2% YoY.

• ▍Revenue ¥67.38B, +12,8% YoY
• ▍Operating income −9,2% YoY
• ▍Net income +2,5% YoY
• ▍Free cash flow −398,9% YoY
• ▍Net margin 3.4%

Revenue ¥59.75B, +12,7% YoY; Operating income −22,0% YoY.

• ▍Revenue ¥59.75B, +12,7% YoY
• ▍Operating income −22,0% YoY
• ▍Net income −21,8% YoY
• ▍Free cash flow −103,1% YoY
• ▍Net margin 3.8%

Revenue ¥53.04B; Operating income ¥2.92B.

• ▍Revenue ¥53.04B
• ▍Operating income ¥2.92B
• ▍Net margin 5.4%