| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 3868.03 | -28 |
| Intrinsic value (DCF) | 2119.24 | -61 |
| Graham-Dodd Method | 3349.84 | -38 |
| Graham Formula | 3231.25 | -40 |
Kamigumi Co., Ltd. (9364.T) is a leading Japanese integrated logistics provider with a rich history dating back to 1867. Headquartered in Kobe, the company offers a comprehensive suite of logistics services, including harbor transportation, warehousing, trucking, air and rail freight, and specialized heavy cargo transport. Kamigumi also provides on-site factory services, construction and demolition services, and engages in diverse ancillary businesses such as real estate leasing, solar energy, and even tomato cultivation. Operating primarily in Japan with some international presence, Kamigumi serves industries ranging from manufacturing to petrochemicals, leveraging its integrated logistics network to deliver efficient supply chain solutions. As part of the Industrials sector and Integrated Freight & Logistics industry, Kamigumi plays a vital role in Japan's trade infrastructure, supported by its long-standing expertise and diversified service offerings.
Kamigumi presents a stable investment opportunity with its well-established logistics operations and diversified revenue streams. The company's low beta (0.195) suggests lower volatility compared to the broader market, appealing to risk-averse investors. With a market cap of ¥398 billion, solid net income of ¥25 billion, and consistent dividend payments (¥130 per share), Kamigumi demonstrates financial stability. However, investors should note the company's heavy reliance on the Japanese market and potential exposure to economic cycles affecting industrial and trade activities. The modest capital expenditures (¥-6.6 billion) indicate conservative growth strategies, which may limit upside potential but support sustained profitability.
Kamigumi's competitive advantage lies in its integrated logistics network and long-standing industry presence in Japan. The company's harbor transportation services provide a critical link in Japan's import/export supply chains, while its diversified service offerings (including specialized heavy cargo transport and on-site factory services) create cross-selling opportunities. Kamigumi's century-plus operating history has fostered deep customer relationships and operational expertise in complex logistics scenarios. However, the company faces intense competition from larger global logistics players and domestic rivals in Japan's crowded logistics market. While Kamigumi's integrated approach provides convenience for customers, it may lack the scale advantages of global leaders in international freight. The company's ancillary businesses (real estate, solar, etc.) provide additional revenue streams but may dilute focus from core logistics operations. Kamigumi's conservative financial approach (modest debt at ¥30 billion versus ¥79.6 billion cash) positions it well for economic downturns but may limit aggressive expansion.