| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 4370.15 | 1 |
| Intrinsic value (DCF) | 39025.26 | 800 |
| Graham-Dodd Method | 2368.07 | -45 |
| Graham Formula | 11136.39 | 157 |
Last One Mile Co., Ltd. (9252.T) is a Japan-based company specializing in last-mile business solutions, providing a diverse range of services including utilities (electric power, gas, water-saving appliances), telecommunications (internet fiber optic lines, Wi-Fi, business phones), and smart infrastructure (LED lighting, IoT, surveillance cameras). Founded in 2012 and headquartered in Toshima, Japan, the company serves both domestic and international markets, positioning itself as a one-stop provider for essential business and residential services. Operating in the Specialty Business Services sector under Industrials, Last One Mile Co. leverages Japan's growing demand for integrated, efficient service solutions. With a market cap of ¥10.4 billion (as of latest data), the company combines technological innovation with service diversification, catering to SMEs and corporate clients seeking cost-effective, bundled utility and connectivity solutions.
Last One Mile Co. presents a niche investment opportunity in Japan's fragmented last-mile services market, supported by stable revenue (¥11.8 billion in FY2024) and net income (¥825 million). The company’s low beta (0.68) suggests lower volatility relative to the market, appealing to risk-averse investors. However, high total debt (¥4.1 billion) and modest dividend yield (¥10/share) may limit attractiveness for income-focused portfolios. Growth potential lies in expanding IoT and smart infrastructure offerings, but competition from larger utilities and telecom providers poses risks. Operating cash flow (¥1.6 billion) covers debt service, but capex (¥-101 million) indicates limited near-term expansion. Investors should weigh its diversified service model against sector margin pressures.
Last One Mile Co. differentiates through a bundled service model, integrating utilities, telecom, and smart technologies—a rarity among Japanese niche providers. Its competitive edge lies in cross-selling efficiencies (e.g., combining internet services with IoT solutions) and SME-focused customization. However, the company lacks the scale of conglomerates like NTT or Tokyo Gas, which dominate individual service segments. Its agility in adopting IoT and energy-saving technologies (e.g., LED lighting) helps counterbalance this, particularly in urban commercial markets. Margins are pressured by high customer acquisition costs in Japan’s saturated utility sector, though its asset-light model mitigates some risk. International operations remain minimal, limiting growth compared to global logistics-focused last-mile peers. The company’s reliance on subcontractors for service delivery introduces quality control vulnerabilities, an area where integrated competitors excel.