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Stock Analysis & ValuationTakase Corporation (9087.T)

Professional Stock Screener
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¥1,357.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)1693.7925
Intrinsic value (DCF)891.87-34
Graham-Dodd Method3523.23160
Graham Formula759.94-44

Strategic Investment Analysis

Company Overview

Takase Corporation (9087.T) is a Japan-based logistics company with a rich history dating back to 1872. Headquartered in Tokyo, the company provides comprehensive logistics solutions, including warehousing, packing, customs clearance, harbor transportation, and freight forwarding services (ocean, air, and inland). Takase also offers third-party logistics (3PL), back-office support, and cargo insurance agency services. Operating in the Specialty Business Services sector under Industrials, Takase serves both domestic and international markets, leveraging its extensive experience to ensure efficient supply chain management. With a market capitalization of approximately ¥2.35 billion, the company plays a vital role in Japan's logistics industry, supporting trade and commerce through its diversified service offerings. Takase’s long-standing reputation and integrated logistics solutions position it as a reliable partner for businesses requiring seamless transportation and warehousing services.

Investment Summary

Takase Corporation presents a stable investment opportunity with moderate growth potential in Japan's logistics sector. The company’s diversified service portfolio and long-standing market presence provide resilience against economic fluctuations, as evidenced by its low beta (0.293). However, its modest net income (¥306 million) and revenue (¥8.19 billion) suggest limited scalability compared to larger global logistics players. The company maintains a healthy cash position (¥2.12 billion) and pays a dividend (¥35 per share), appealing to income-focused investors. Risks include exposure to Japan’s aging workforce and competitive pressures from larger logistics firms. Investors should weigh Takase’s stability against its growth constraints in a mature industry.

Competitive Analysis

Takase Corporation operates in a highly competitive logistics industry dominated by global giants and regional players. Its competitive advantage lies in its niche expertise in Japan’s domestic and international freight forwarding, warehousing, and customs clearance services. The company’s long history (founded in 1872) provides brand trust and deep industry relationships, but its small market cap (¥2.35 billion) limits its ability to compete on scale with multinational logistics firms. Takase’s focus on integrated logistics—combining transportation, warehousing, and insurance services—differentiates it from pure freight forwarders. However, it lacks the technological edge (e.g., advanced tracking systems, automation) seen in larger competitors. The company’s low beta indicates stability but may also reflect slower growth compared to more aggressive peers. Its reliance on Japan’s economy makes it vulnerable to domestic slowdowns, though its international services provide some diversification.

Major Competitors

  • Nippon Yusen Kabushiki Kaisha (NYK Line) (9101.T): NYK Line is a global logistics giant with a strong maritime shipping presence, offering extensive international freight services. Its scale and diversified operations (including bulk shipping and air freight) overshadow Takase’s regional focus. However, NYK’s higher exposure to volatile shipping rates poses greater cyclical risks.
  • Yamato Holdings Co., Ltd. (9064.T): Yamato dominates Japan’s parcel delivery market (e.g., TA-Q-BIN service) and has superior last-mile logistics capabilities. Its brand recognition and domestic network are unmatched, but Takase’s niche in freight forwarding and customs services provides differentiation. Yamato’s larger scale allows for greater investment in automation.
  • Mitsubishi Logistics Corporation (9301.T): Mitsubishi Logistics offers integrated logistics solutions similar to Takase but with stronger corporate backing (part of Mitsubishi Group). Its cold chain logistics and international reach are key strengths. Takase’s smaller size allows for more tailored services, but Mitsubishi’s resources give it an edge in technology and global expansion.
  • Nissin Corporation (9142.T): Nissin specializes in air and ocean freight forwarding, competing directly with Takase’s international services. Its global network is more extensive, but Takase’s additional warehousing and insurance services provide a broader value proposition. Nissin’s higher revenue base (¥1.1 trillion) underscores its larger market share.
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