| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 563.67 | -36 |
| Intrinsic value (DCF) | 2648.86 | 202 |
| Graham-Dodd Method | 457.71 | -48 |
| Graham Formula | 1269.95 | 45 |
Being Holdings Co., Ltd. (9145.T) is a Japan-based logistics and transportation company offering integrated third-party logistics (3PL) services, passenger transportation, and specialized mobility solutions. Headquartered in Kanazawa, the company operates across multiple segments, including logistics consulting, sightseeing transportation (chartered taxis, VIP/wedding hire, and location buses), automobile maintenance, system development, and fuel sales. Founded in 1986, Being Holdings serves diverse industries with its asset-light logistics model and regional expertise in Japan. The company’s hybrid business model—combining freight logistics with niche passenger transport—positions it uniquely in Japan’s Industrials sector. With a market cap of ¥16.3 billion, Being Holdings leverages its local infrastructure and consulting capabilities to maintain steady demand in a competitive logistics market.
Being Holdings presents a mixed investment profile. Its strengths include a diversified revenue stream (logistics, transport, and ancillary services) and a solid cash position (¥4.95 billion). However, the company operates in a low-margin industry with modest net income (¥1.37 billion on ¥30.2 billion revenue) and elevated debt (¥5.94 billion). The beta of 0.013 suggests minimal correlation to broader market volatility, appealing to conservative investors. Risks include Japan’s aging population impacting labor-intensive logistics and competition from larger freight players. The dividend yield (~1.5% at current share price) is modest but stable. Investors should weigh its regional niche against limited scalability.
Being Holdings competes in Japan’s fragmented logistics sector by combining asset-light consulting services with owned transportation assets. Its competitive advantage lies in regional specialization—particularly in Kanazawa and surrounding areas—where it offers tailored solutions like sightseeing logistics and VIP transport. Unlike national giants (e.g., Nippon Express), Being Holdings avoids high-capital global freight operations, focusing instead on higher-margin niches (e.g., wedding hire buses). However, its small scale limits bargaining power with suppliers and customers. The company’s consulting arm differentiates it from pure-play transport firms, but system development and fuel sales contribute minimally to revenue. Competitors with larger networks benefit from economies of scale, while Being Holdings relies on localized customer relationships. Its debt-to-equity ratio (~0.36) is manageable but constrains aggressive expansion.