9351.T
The company operates in the courier, postal, air freight, and land-based logistics industry, generating revenue primarily through transportation and delivery services.
Business. The company operates in the courier, postal, air freight, and land-based logistics industry, generating revenue primarily through transportation and delivery services.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates in the courier, postal, air freight, and land-based logistics industry, generating revenue primarily through transportation and delivery services.
The company maintains a debt-to-equity ratio of 0.59, indicating a moderate level of leverage, and a current ratio of 0.93, suggesting limited short-term liquidity. With cash and equivalents of 4,886,000,000 JPY and long-term debt of 16,076,000,000 JPY, the firm has a net cash position of -11,190,000,000 JPY, which raises concerns about liquidity. The return on equity of 4.11% and return on assets of 2.21% are below the industry median for logistics firms, indicating weaker profitability relative to its peers.
The company's operating income of 1,175,000,000 JPY and net income of 1,125,000,000 JPY reflect a narrow margin structure, with a gross profit of 3,543,000,000 JPY on total revenue of 35,100,000,000 JPY. These figures suggest the company is operating in a highly competitive environment where cost control is critical to maintaining profitability.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The absence of segment-specific revenue data limits the ability to assess the performance of individual business lines.
The company's revenue growth is expected to remain flat in the current fiscal year, with no significant changes anticipated in the next fiscal year. The capital expenditure of -2,799,000,000 JPY indicates a reduction in investment, which may signal a strategic shift or financial constraints. The free cash flow of 120,000,000 JPY is minimal, suggesting limited capacity for reinvestment or shareholder returns.
The company faces a medium liquidity risk due to its net cash position and a low dilution risk, as there is no indication of imminent share issuance or dilution. The risk assessment highlights the need for close monitoring of liquidity metrics, particularly as the company's operating cash flow of 2,152,000,000 JPY may not be sufficient to cover long-term obligations.
Recent financial filings and transcripts do not indicate any material events or strategic shifts that would significantly impact the company's operations or financial position. The company's performance appears to be in line with industry expectations, with no major deviations in earnings or revenue.
- The company has a moderate debt load and limited liquidity, with a net cash position of -11,190,000,000 JPY.
- Profitability metrics are below industry medians, with a return on equity of 4.11% and return on assets of 2.21%.
- The company's revenue is concentrated in a single business segment, increasing exposure to regional and regulatory risks.
- Capital expenditures have declined, and free cash flow is minimal, indicating limited capacity for reinvestment or shareholder returns.
- The company faces medium liquidity risk and low dilution risk, with no significant changes expected in the near term.
Bull / Bear case
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- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 9351.T Market data — financials · 2026-05-27
- Toyo Wharf & Warehouse Co Ltd Market data — analyst estimates · 2026-05-27