| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 3108.57 | 6 |
| Intrinsic value (DCF) | 1896.24 | -35 |
| Graham-Dodd Method | 5257.68 | 80 |
| Graham Formula | 5417.51 | 86 |
The Keihin Co., Ltd. (9312.T) is a leading Japanese logistics company specializing in integrated freight and logistics services. Founded in 1947 and headquartered in Tokyo, Keihin provides a comprehensive range of logistics solutions, including port, inland, sea, and air cargo transport, warehousing, and distribution services. The company also offers specialized logistics IT systems for domestic and global cargo tracking, as well as real estate and worker dispatching services. Keihin serves diverse industries, including pharmaceuticals, construction, and energy, with tailored logistics support. As part of the Industrials sector, Keihin plays a crucial role in Japan's supply chain infrastructure, leveraging its extensive network and technological capabilities to optimize cargo movement. With a market cap of approximately ¥15.85 billion, Keihin remains a key player in Japan's logistics industry, known for its reliability and innovation in freight management.
The Keihin Co., Ltd. presents a stable investment opportunity within the logistics sector, supported by its diversified service offerings and strong domestic presence. The company's low beta (0.302) suggests lower volatility compared to the broader market, appealing to risk-averse investors. Keihin reported solid financials for FY 2024, with ¥46.52 billion in revenue and ¥2.05 billion in net income, alongside a healthy operating cash flow of ¥3.91 billion. However, investors should note the company's significant capital expenditures (¥2.5 billion) and total debt (¥9.1 billion), which could impact liquidity. The dividend yield, at ¥80 per share, adds income appeal. Keihin's competitive positioning in Japan's logistics market and its technological integration in cargo tracking provide long-term growth potential, though global supply chain disruptions remain a risk.
The Keihin Co., Ltd. holds a competitive edge in Japan's logistics sector through its integrated service portfolio and technological advancements in cargo tracking. Unlike global logistics giants, Keihin focuses on domestic and regional freight, offering specialized solutions for industries like pharmaceuticals and construction. Its IT systems, such as the logistics EDI and cargo-track systems, enhance operational efficiency and customer transparency. However, Keihin faces stiff competition from larger multinational logistics firms with broader global networks. The company's reliance on the Japanese market limits its exposure to international growth opportunities but provides stability in a well-established logistics ecosystem. Keihin's competitive advantage lies in its deep industry expertise, localized service capabilities, and strong relationships with domestic clients. To maintain its position, the company must continue investing in automation and digital transformation while managing debt levels and capital expenditures effectively.