Loginet Japan Co Ltd

Loginet Japan maintains a conservative capital structure with a debt-to-equity ratio of 0.29, indicating limited leverage relative to shareholder equity. The company holds JPY 1.52 billion in cash and equivalents against JPY 6.53 billion in long-term debt, resulting in a net cash position that is negative after subtracting total debt. Liquidity is assessed as medium risk, supported by a current ratio of 0.83, which suggests that current liabilities exceed current assets. Operating cash flow stands at JPY 5.83 billion, providing a robust buffer against debt obligations, although free cash flow is compressed to JPY 227 million due to significant capital expenditures of JPY 3.88 billion.

Profitability metrics demonstrate efficient capital utilization, with a return on equity of 12.24% and a return on assets of 7.05%. The company generated JPY 2.75 billion in net income on JPY 78.01 billion in revenue, reflecting a net margin of approximately 3.5%. Gross profit of JPY 7.25 billion indicates a gross margin of roughly 9.3%, while operating income of JPY 3.70 billion suggests effective control over operating expenses relative to gross profit. These returns are consistent with a mature logistics operation, though specific cohort median comparisons are unavailable to benchmark relative performance.

Revenue concentration and geographic exposure details are not provided in the available data, preventing a detailed analysis of segment mix or regional risk. The company’s activity is broadly classified under Air Freight & Logistics, implying exposure to global trade volumes and freight rate volatility. Without specific segment data, the revenue base is treated as a consolidated whole, with the primary driver being the volume and pricing of logistics services provided.

Growth trajectory analysis is limited by the absence of historical period data in the input. The latest reported revenue of JPY 78.01 billion serves as the baseline for current valuation, but year-over-year or multi-year trends cannot be established from the provided snapshot. The consistency of earnings is implied by the stable share count of 4.97 million basic and diluted shares, suggesting no recent equity issuances or buybacks.

Risk factors include medium liquidity risk due to the current ratio below 1.0 and the negative net cash position. Dilution risk is assessed as low, with no indication of pending equity issuances or convertible instruments that would increase the share count. The key flag of negative net cash highlights a reliance on operating cash flow to service debt, making the company sensitive to disruptions in cash generation.

Recent events are reflected in the actual EPS of JPY 539.03 and revenue of JPY 78.01 billion, which align with the financial snapshot data. No specific filing, news, or transcript observations are provided to detail recent strategic shifts or market reactions. The company’s financial position remains stable, with no immediate red flags beyond the structural liquidity constraints.

Net income surged 22.2% year-over-year to JPY 2.75 billion, demonstrating strong recent profitability growth.

Cash conversion ratio of 2.12 is well above the cohort median of 1.2, highlighting robust cash generation.

Debt-to-equity ratio of 0.29 is below the cohort median of 0.40, reflecting a conservative leverage profile.

Revenue grew at a 3.5% CAGR over four years, showing consistent top-line expansion despite modest rates.

Net margin of 3.52% is below the cohort median of 5.28%, indicating lower bottom-line profitability relative to peers.

Free cash flow turned negative in FY2025 at JPY -432 million, signaling a recent deterioration in cash generation.

Medium liquidity risk flags potential challenges in meeting short-term obligations, warranting caution for investors.

Revenue growth slowed to just 1.0% year-over-year in FY2026, indicating stagnating top-line momentum.

Revenue ¥18.69B, +5,0% YoY; Operating income +33,9% YoY.

• ▍Revenue ¥18.69B, +5,0% YoY
• ▍Operating income +33,9% YoY
• ▍Net income +121,1% YoY
• ▍Net margin 3.1%

Revenue ¥20.97B, +0,2% YoY; Operating income +3,5% YoY.

• ▍Revenue ¥20.97B, +0,2% YoY
• ▍Operating income +3,5% YoY
• ▍Net income −1,1% YoY
• ▍Net margin 3.8%

Revenue ¥19.63B, −2,0% YoY; Operating income −9,9% YoY.

• ▍Revenue ¥19.63B, −2,0% YoY
• ▍Operating income −9,9% YoY
• ▍Net income +22,6% YoY
• ▍Net margin 4.4%

Revenue ¥18.71B, +1,1% YoY; Operating income −0,8% YoY.

• ▍Revenue ¥18.71B, +1,1% YoY
• ▍Operating income −0,8% YoY
• ▍Net income +5,9% YoY
• ▍Net margin 2.7%

Revenue ¥17.80B; Operating income ¥517.0M.

• ▍Revenue ¥17.80B
• ▍Operating income ¥517.0M
• ▍Net margin 1.5%

Revenue ¥20.92B; Operating income ¥1.19B.

• ▍Revenue ¥20.92B
• ▍Operating income ¥1.19B
• ▍Net margin 3.9%

Revenue ¥20.03B; Operating income ¥1.13B.

• ▍Revenue ¥20.03B
• ▍Operating income ¥1.13B
• ▍Net margin 3.5%

Revenue ¥18.50B; Operating income ¥766.0M.

• ▍Revenue ¥18.50B
• ▍Operating income ¥766.0M
• ▍Net margin 2.6%

Revenue ¥78.01B, +1,0% YoY; Operating income +2,8% YoY.

• ▍Revenue ¥78.01B, +1,0% YoY
• ▍Operating income +2,8% YoY
• ▍Net income +22,2% YoY
• ▍Free cash flow +152,6% YoY
• ▍Net margin 3.5%

Revenue ¥77.26B, +4,3% YoY; Operating income +14,1% YoY.

• ▍Revenue ¥77.26B, +4,3% YoY
• ▍Operating income +14,1% YoY
• ▍Net income +15,7% YoY
• ▍Free cash flow −131,7% YoY
• ▍Net margin 2.9%

Revenue ¥74.08B, +1,7% YoY; Operating income −17,0% YoY.

• ▍Revenue ¥74.08B, +1,7% YoY
• ▍Operating income −17,0% YoY
• ▍Net income −24,0% YoY
• ▍Free cash flow −39,5% YoY
• ▍Net margin 2.6%

Revenue ¥72.86B, +7,1% YoY; Operating income +10,5% YoY.

• ▍Revenue ¥72.86B, +7,1% YoY
• ▍Operating income +10,5% YoY
• ▍Net income +8,0% YoY
• ▍Free cash flow +125,1% YoY
• ▍Net margin 3.5%