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Tohbu Network Co., Ltd. (9036) AI Stock Analysis

1 Followers
JP:9036

Tohbu Network Co., Ltd.

(TSE/TYO:9036)

Select Model
Rating:64Neutral
Price Target:JPY 1,164.00â–²(6.99% Upside)
Action:reiterated
Date:08/18/26

The company's fortress-like balance sheet and consistent cash generation provide a strong foundation, but this is offset by weak technical momentum and a high valuation relative to its modest growth. The stock's recent price weakness and rich P/E multiple are the primary drags on the overall score.

Positive Factors
Very low leverageExtremely low leverage gives Tohbu Network substantial financial flexibility through business cycles. Limited debt obligations reduce balance-sheet pressure, preserve borrowing capacity, and allow the company to withstand weaker operating conditions without relying heavily on refinancing or aggressive external funding.
Negative Factors
Sharp revenue declineThe sharp latest-year revenue contraction raises a durable demand and volume concern for the business. Lower sales reduce operating leverage and make it harder to absorb fixed costs, while continued weakness could constrain reinvestment, weaken market position, and limit the recovery of earnings.

Tohbu Network Co., Ltd. (9036) vs. iShares MSCI Japan ETF (EWJ)

-10%-5%0%5%10%15%20%25%30%JP:9036-0.25%EWJ+13.61%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 5.92B
Dividend Yield
2.07%
Average Volume (3M)
4,413
Price to Earnings (P/E)
23.2
Beta (1Y)
0.45
Revenue Growth
-0.44%
EPS Growth
-14.76%
Country
Japan
Employees
378
Sector
General
Sector Strength
55
Industry
Integrated Freight & Logistics

Tohbu Network Co., Ltd. Business Overview & Revenue Model

Company Description

Tohbu Network Co., Ltd. specializes in comprehensive road freight and logistics management services. Its diverse operations encompass the transportation of industrial waste via trucks, general cargo forwarding, and passenger vehicle conveyance. The c...

Tohbu Network Co., Ltd. Financial Statement Overview

Summary

The balance sheet is excellent with minimal debt (D/E 0.03) and consistent equity growth, providing high financial stability. Cash flow is solidly positive, though free cash flow has narrowed. The income statement shows a recent net margin recovery to 3.0%, but revenue growth is stagnant and margins remain thin, typical for the industry.

Income Statement

60Neutral

Balance Sheet

85Very Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue10.08B10.08B10.37B10.30B9.87B8.84B
Gross Profit1.15B1.12B1.05B1.03B1.02B841.67M
EBITDA1.11B904.72M1.06B1.02B1.17B968.92M
Net Income300.52M300.52M105.65M78.91M414.13M273.48M
Balance Sheet
Total Assets25.30B25.30B24.68B25.13B24.09B22.95B
Cash, Cash Equivalents and Short-Term Investments4.30B4.30B4.47B4.59B3.79B3.87B
Total Debt684.66M684.66M745.28M814.90M776.51M468.95M
Total Liabilities4.38B4.38B4.37B4.86B4.72B4.14B
Stockholders Equity20.91B20.91B20.21B20.18B19.29B18.81B
Cash Flow
Free Cash Flow0157.84M487.98M378.63M379.58M566.21M
Operating Cash Flow0803.12M737.70M957.04M741.14M1.07B
Investing Cash Flow0-651.81M-588.91M-476.65M-740.71M-400.81M
Financing Cash Flow0-315.67M-267.81M313.87M-225.38M-159.21M

Tohbu Network Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price1088.00

Price Trends

50DMA1174.27Negative
100DMA1229.31Negative
200DMA1208.42Negative

Market Momentum

MACD-31.96Negative
RSI39.54Neutral
STOCH68.81Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9036, the sentiment is Negative. The current price of 1088.00 is below the 20-day moving average (MA) of 1110.00, below the 50-day MA of 1174.27, and below the 200-day MA of 1208.42, indicating a bearish trend. The MACD of -31.96 indicates Negative momentum. The RSI at 39.54 is Neutral, neither overbought nor oversold. The STOCH value of 68.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9036.

Tohbu Network Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:9036 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9363JP:936384OutperformJPY 3.02B7.44―3.00%7.18%28.12%
JP:9355JP:935569NeutralJPY 5.96B4.84―2.71%2.88%59.69%
JP:9036JP:903664NeutralJPY 5.85B23.17―2.07%-0.44%-14.76%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:9326JP:932643NeutralJPY 4.03B455.81―2.56%22.05%―
JP:9327JP:932740UnderperformJPY 2.80B-7.98――-1.25%-172.99%
JP:9051JP:905139UnderperformJPY 5.86B-31.64―1.34%5.75%-138.83%

* General Sector Average

Performance Comparison

-40%-20%0%20%JP:9036JP:9051JP:9326JP:9327JP:9355JP:9363Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:9036 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9036Tohbu Network Co., Ltd.1088.0064.936.35%
JP:9051Senkon Logistics Co., Ltd1120.00-229.98-17.04%
JP:9326Kantsu Co., Ltd.392.00-72.63-15.63%
JP:9327e-LogiT Co., Ltd.176.00-122.00-40.94%
JP:9355Rinko Corporation2210.00334.9817.87%
JP:9363Daiun Co., Ltd.501.0057.3012.91%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 18, 2026