| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 2753.81 | 31 |
| Intrinsic value (DCF) | 1465.89 | -31 |
| Graham-Dodd Method | 5073.08 | 140 |
| Graham Formula | 3154.17 | 49 |
Fushiki Kairiku Unso Co., Ltd. is a Japan-based company specializing in port transportation and logistics services. Established in 1944 and headquartered in Takaoka, the company operates across multiple segments, including maritime transportation, warehousing, customs brokerage, and industrial waste management. Its diversified service portfolio also includes freight trucking, coastal shipping, non-life insurance agency services, and real estate lending. Additionally, Fushiki Kairiku Unso engages in carbon material processing, hydrogen peroxide sales, and restaurant operations. As a key player in Japan's marine shipping industry, the company supports regional trade and industrial logistics, benefiting from Japan's extensive coastal commerce. With a market capitalization of approximately ¥4.16 billion, Fushiki Kairiku Unso remains a niche but integral provider in Japan's industrial supply chain, leveraging its long-standing expertise in port logistics.
Fushiki Kairiku Unso presents a mixed investment profile. The company operates in a stable but low-growth industry, with a diversified yet fragmented service offering. Its negative beta (-0.061) suggests low correlation with broader market movements, potentially offering defensive characteristics. However, the company's modest net income (¥468 million) and high total debt (¥5.99 billion) relative to cash reserves (¥2.55 billion) raise liquidity concerns. The dividend yield, based on a ¥50 per share payout, may appeal to income-focused investors, but the company's capital expenditures (¥1.39 billion) indicate ongoing operational investments. Given its niche market position, investors should weigh its regional logistics strengths against limited scalability and exposure to Japan's domestic economic conditions.
Fushiki Kairiku Unso's competitive advantage lies in its integrated port logistics services, which combine maritime transport, warehousing, and customs brokerage under one umbrella. This vertical integration allows the company to serve regional clients efficiently, particularly in industrial and waste management sectors. However, its small scale compared to global shipping giants limits its ability to compete on cost or international reach. The company's focus on irregular route business and coastal shipping differentiates it from larger container shipping firms but also exposes it to volatile demand from local industries. While its real estate and insurance agency operations provide ancillary revenue streams, they do not significantly offset the capital-intensive nature of its core logistics business. Competitively, Fushiki Kairiku Unso is more agile than multinational peers but lacks their economies of scale, making it vulnerable to pricing pressures from larger players in the Japanese market.