| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | 2600.44 | 79 |
| Graham Formula | 876.04 | -40 |
S Line Co., Ltd. is a Japan-based transportation and logistics company offering a diverse range of services, including small and large cargo transportation, heavy goods material transport, overseas cargo, and specialized logistics solutions. Founded in 1938 and headquartered in Hashima, Japan, the company operates in the trucking industry under the industrials sector. S Line provides 3PL (third-party logistics) services, logistics information systems, vehicle maintenance, and storage solutions, positioning itself as an integrated logistics provider. Additionally, the company offers home appliance installation services, such as air conditioning, antenna, and water heater installations, diversifying its revenue streams. With a market capitalization of approximately ¥15.8 billion, S Line serves domestic and international markets, leveraging its long-standing industry expertise and comprehensive service portfolio. The company’s focus on logistics efficiency and value-added services makes it a key player in Japan’s competitive transportation sector.
S Line Co., Ltd. presents a stable investment opportunity with moderate growth potential in Japan’s logistics sector. The company’s diversified service offerings, including cargo transport, 3PL, and home appliance installations, provide multiple revenue streams. Financially, S Line reported ¥49.7 billion in revenue and ¥835 million in net income for FY 2024, with a diluted EPS of ¥76.96. The company maintains a conservative capital structure, with ¥3.6 billion in cash and ¥1.35 billion in total debt. However, its low beta (0.484) suggests lower volatility but also limited upside compared to high-growth logistics firms. Investors may find value in its steady cash flow (¥2.2 billion operating cash flow) and niche market positioning, though competition and Japan’s aging infrastructure could pose long-term challenges.
S Line Co., Ltd. operates in a highly competitive Japanese logistics market dominated by large players and regional specialists. Its competitive advantage lies in its diversified service portfolio, combining traditional trucking with 3PL solutions and home appliance installation services—a unique differentiator. The company’s long-standing presence (founded in 1938) provides brand trust and operational expertise, particularly in regional logistics. However, S Line lacks the scale of Japan’s top logistics firms, limiting its ability to compete on cost efficiency in bulk freight. Its focus on niche services, such as 'swallow moving flights' (express small cargo), allows it to capture specialized demand. The integration of logistics IT solutions enhances customer retention, but technological adoption lags behind global competitors. S Line’s regional concentration in Japan exposes it to domestic economic fluctuations, whereas multinational rivals benefit from global diversification. Capital expenditures (¥1.98 billion) suggest ongoing fleet and tech investments, but its smaller size may hinder R&D scalability versus industry leaders.