AZ-COM Maruwa Holdings Inc. (9090) AI Stock Analysis

• Market Cap: ¥152.41B
• Dividend Yield: 2.83%
• Average Volume (3M): 310.28K
• Price to Earnings (P/E): 18.9
• Beta (1Y): 0.59
• Revenue Growth: 6.59%
• EPS Growth: -5.59%
• Country: JP
• Employees: 5,037
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 14.88
• Shares Outstanding: 137,984,530
• 10 Day Avg. Volume: 334,380
• 30 Day Avg. Volume: 310,280
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥1,155.00
• Price Target Upside: 2.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: ¥1,155.00 ▲(2.21% Upside)

The overall score reflects strong financial performance with steady revenue growth and operational efficiency. However, bearish technical indicators and challenges in profitability and cash flow management weigh on the stock. The valuation is reasonable, with a decent dividend yield providing some support.

AZ-COM Maruwa Holdings Inc. Business Overview & Revenue Model

Company Description

Maruwa Unyu Kikan Co.,Ltd. provides logistics services. The company's 3PL services include cold food, pharmaceutical medical, and room temperature logistics services. It is also involved in the collection and transportation of industrial waste; storage of documents; and provision of trucking, container transport, and logistics consulting services. The company was founded in 1970 and is headquartered in Yoshikawa, Japan.

How the Company Makes Money

AZ-COM Maruwa Holdings Inc. generates revenue primarily through its logistics and transportation services. The company earns income by offering freight forwarding, warehousing, and distribution services to businesses across different sectors. Key revenue streams include transportation fees, storage charges, and value-added logistics services. Significant partnerships with manufacturers, retailers, and other supply chain participants enhance its service offerings and contribute to its earnings. Additionally, the company leverages its extensive network and infrastructure to provide customized logistics solutions, further bolstering its revenue.

AZ-COM Maruwa Holdings Inc. Financial Statement Overview

Summary

AZ-COM Maruwa Holdings Inc. exhibits strong revenue growth and operational efficiency, as reflected in their income statement. The balance sheet shows a healthy asset base and manageable debt levels. However, the decline in net income and free cash flow in 2025 signals potential profitability and cash flow management challenges.

Income Statement

AZ-COM Maruwa Holdings Inc. has demonstrated a strong revenue growth trajectory, with a noticeable increase from 2021 to 2025. The gross profit margin has been fairly stable, reflecting efficient cost management. However, the decline in net income from 2024 to 2025 suggests potential challenges in profitability, possibly due to increased costs or other external factors. The EBIT and EBITDA margins indicate robust operational performance, but the net profit margin's dip warrants attention.

Balance Sheet

The company's balance sheet reflects a solid financial position with a healthy equity ratio, indicating a strong asset base relative to liabilities. The debt-to-equity ratio is manageable, suggesting prudent leverage use. However, the decrease in stockholders' equity from 2024 to 2025 could signal increased liabilities or reduced retained earnings, which needs monitoring.

Cash Flow

Cash flow analysis reveals stable operational cash flow, though free cash flow has shown fluctuations, particularly a sharp decline in 2025. The operating cash flow to net income ratio remains strong, indicating efficient cash generation relative to net income. However, the reduced free cash flow to net income ratio in 2025 raises concerns about capital expenditure management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	208.37B	208.37B	198.55B	177.83B	133.00B	112.11B
Gross Profit	21.41B	21.41B	23.30B	19.70B	14.41B	13.36B
EBITDA	14.38B	15.47B	17.77B	14.77B	10.88B	9.98B
Net Income	7.28B	7.28B	9.12B	7.78B	6.13B	5.54B
Balance Sheet
Total Assets	138.44B	138.44B	134.59B	112.03B	85.91B	73.19B
Cash, Cash Equivalents and Short-Term Investments	41.40B	41.40B	46.16B	32.85B	29.68B	26.49B
Total Debt	43.83B	43.83B	41.77B	42.45B	31.86B	27.50B
Total Liabilities	78.00B	78.00B	77.05B	73.87B	56.18B	47.48B
Stockholders Equity	57.78B	57.78B	55.12B	35.91B	28.94B	25.71B
Cash Flow
Free Cash Flow	0.00	185.00M	5.42B	2.39B	5.06B	4.58B
Operating Cash Flow	0.00	8.90B	10.80B	11.41B	6.09B	7.97B
Investing Cash Flow	0.00	-10.61B	-5.86B	-14.02B	-5.24B	-4.58B
Financing Cash Flow	0.00	-3.04B	8.58B	5.53B	799.00M	14.04B

AZ-COM Maruwa Holdings Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1130.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9090, the sentiment is Negative. The current price of 1130 is below the 20-day moving average (MA) of 1163.90, below the 50-day MA of 1171.32, and below the 200-day MA of 1146.78, indicating a bearish trend. The MACD of -18.64 indicates Positive momentum. The RSI at 43.15 is Neutral, neither overbought nor oversold. The STOCH value of 58.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9090.

AZ-COM Maruwa Holdings Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9037	82 Outperform	118.51B	12.50	9.97%	2.24%	3.56%	9.74%
9025	80 Outperform	175.95B	14.29	9.57%	2.89%	8.94%	-18.03%
9068	79 Outperform	145.25B	14.07	7.54%	2.37%	2.94%	2.46%
9066	77 Outperform	118.34B	18.87	12.56%	2.48%	8.81%	-42.49%
2384	72 Outperform	144.17B	24.34	10.90%	1.93%	5.56%	-28.86%
9090	64 Neutral	¥152.41B	18.87		2.83%	6.59%	-5.59%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

AZ-COM Maruwa Holdings Inc. Corporate Events

AZ-COM Maruwa Holdings Reports Strong Q2 2025 Financial Performance

AZ-COM Maruwa Holdings Inc. reported significant growth in its financial results for the three months ended June 30, 2025, with net sales increasing by 11.2% and operating profit surging by 65.8% compared to the previous year. This robust performance indicates a strong market position and potential positive implications for stakeholders, as the company continues to demonstrate financial resilience and growth.

AZ-COM Maruwa Holdings Finalizes Parent Company’s Financial Results

AZ-COM Maruwa Holdings Inc. announced the finalized financial results of its unlisted parent company, WASAMI CO., LTD., for the fiscal year ending May 2025. The parent company is wholly owned by Masaru Wasami, who also holds significant leadership roles across various affiliated logistics companies. This announcement underscores the consolidation of leadership and ownership within the Wasami family, potentially impacting the strategic direction and operational focus of the company.

AZ-COM Maruwa Holdings Clarifies Shareholder Structure and Independence

AZ-COM Maruwa Holdings Inc. has announced details regarding its controlling shareholder, Masaru Wasami, and the related company, Wasami Co., Ltd. The company has clarified that despite Wasami Co., Ltd.’s involvement in asset management and real estate, there are no business transactions between the two entities, ensuring the independence of AZ-COM Maruwa’s management. The company also outlined measures to protect minority shareholders, ensuring that any potential future transactions with the controlling shareholder are conducted fairly and transparently.

AZ-COM Maruwa Adjusts Convertible Bond Conversion Price

AZ-COM Maruwa Holdings Inc. has announced an adjustment to the conversion price of its euro-yen convertible bonds with stock acquisition rights maturing in 2025. The adjustment follows the approval of a year-end dividend of ¥16.00 per share, resulting in an annual dividend of ¥32.00 per share for the fiscal year ended March 31, 2025. This change reflects the company’s adherence to conversion price adjustment provisions, potentially impacting the value of the bonds and shareholder returns.

AZ-COM Maruwa Faces Insider Trading Allegations

AZ-COM Maruwa Holdings Inc. has been impacted by a recommendation from the Securities and Exchange Surveillance Commission to impose charges on a former employee for insider trading violations. The company is taking this matter seriously and plans to strengthen its compliance systems to prevent future occurrences.

AZ-COM Maruwa Holdings Evaluates Board Effectiveness for 2024

AZ-COM Maruwa Holdings Inc. announced the results of its Board of Directors’ effectiveness evaluation for fiscal 2024, confirming the board’s effectiveness and identifying improvements in digital strategy and subsidiary monitoring. The company plans to enhance board discussions and governance to support its new Medium-term Management Plan starting in fiscal 2025.

AZ-COM Maruwa Holdings Inc. Announces Amendments to Articles of Incorporation

AZ-COM Maruwa Holdings Inc. announced amendments to its Articles of Incorporation, which include changing its business purpose to ‘consigned freight forwarding’ in response to new legislation and increasing the number of directors from 13 to 15 to strengthen corporate governance. These changes are set to be approved at the upcoming Annual General Meeting, reflecting the company’s commitment to compliance and enhancing board effectiveness.