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AZ-COM Maruwa Holdings Inc.
(9090)
Select Model
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Rating:63Neutral
Price Target:
¥937.00
▲(3.08% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily held back by financial performance, driven by cash flow volatility and sharply negative free cash flow in 2026 alongside margin compression. Valuation is a supportive factor due to a reasonable P/E and a solid dividend yield. Technicals are mixed, with neutral momentum but the price still below the long-term (200-day) average.
Positive Factors
Consistent Revenue Growth
Sustained revenue growth indicates durable demand for the group’s logistics services and expanding operating scale. Continued top-line gains can support network utilization and provide a foundation for future efficiency improvements.
Negative Factors
Margin Compression
Falling gross and net margins show that recent growth is becoming more volume-driven and less profitable. Persistent cost pressure or limited pricing power could constrain earnings conversion even if revenue continues to expand.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained revenue growth indicates durable demand for the group’s logistics services and expanding operating scale. Continued top-line gains can support network utilization and provide a foundation for future efficiency improvements.
Read all positive factors
AZ-COM Maruwa Holdings Inc. (9090) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥119.50B
Dividend Yield3.61%
Average Volume (3M)530.54K
Price to Earnings (P/E)17.1
Beta (1Y)0.41
Revenue Growth9.37%
EPS Growth-13.59%
CountryJP
Employees5,462
SectorGeneral
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)51.74
Shares Outstanding137,984,530
10 Day Avg. Volume504,520
30 Day Avg. Volume530,540
Financial Highlights & Ratios
PEG Ratio6.98
Price to Book (P/B)1.91
Price to Sales (P/S)0.52
P/FCF Ratio-8.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)59.34
Revenue Forecast (FY)¥248.52B
AZ-COM Maruwa Holdings Inc. Business Overview & Revenue Model
Company Description
Maruwa Unyu Kikan Co.,Ltd. offers a comprehensive array of logistics solutions. Its third-party logistics (3PL) capabilities are extensive, covering specialized cold chain management for perishable foods and medical pharmaceuticals, alongside ambi...
How the Company Makes Money
AZ-COM Maruwa Holdings makes money mainly by charging corporate customers for logistics services delivered by its operating subsidiaries. Key revenue streams typically include (1) transportation and delivery fees (e.g., charges for trucking, route...
AZ-COM Maruwa Holdings Inc. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
67
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 233.98B | 230.53B | 208.37B | 198.55B | 177.83B | 133.00B |
| Gross Profit | 21.46B | 22.07B | 21.41B | 23.30B | 19.70B | 14.41B |
| EBITDA | 16.12B | 17.17B | 15.46B | 17.77B | 14.80B | 10.88B |
| Net Income | 6.97B | 7.45B | 7.28B | 9.12B | 7.78B | 6.13B |
Balance Sheet | ||||||
| Total Assets | 166.91B | 155.66B | 138.44B | 134.59B | 112.03B | 85.91B |
| Cash, Cash Equivalents and Short-Term Investments | 20.82B | 20.22B | 41.40B | 46.16B | 32.85B | 29.68B |
| Total Debt | 60.45B | 54.12B | 43.85B | 41.79B | 42.45B | 31.86B |
| Total Liabilities | 102.62B | 90.29B | 78.00B | 77.05B | 73.86B | 56.17B |
| Stockholders Equity | 61.31B | 62.39B | 57.78B | 55.12B | 35.92B | 28.95B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -14.48B | 185.00M | 5.75B | 2.58B | 5.25B |
| Operating Cash Flow | 0.00 | 13.36B | 8.90B | 10.80B | 11.41B | 6.09B |
| Investing Cash Flow | 0.00 | -39.17B | -10.61B | -5.86B | -14.02B | -5.24B |
| Financing Cash Flow | 0.00 | 4.65B | -3.04B | 8.58B | 5.53B | 799.00M |
AZ-COM Maruwa Holdings Inc. Technical Analysis
Neutral
909.00
Price Trends
866.04
Positive
846.56
Positive
901.69
Negative
Market Momentum
5.85
Positive
51.50
Neutral
23.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9090, the sentiment is Neutral. The current price of 909 is above the 20-day moving average (MA) of 882.10, above the 50-day MA of 866.04, and above the 200-day MA of 901.69, indicating a neutral trend. The MACD of 5.85 indicates Positive momentum. The RSI at 51.50 is Neutral, neither overbought nor oversold. The STOCH value of 23.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9090.
AZ-COM Maruwa Holdings Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥151.39B | 11.28 | ― | 3.84% | 1.34% | 9.01% | |
74 Outperform | ¥199.78B | 10.03 | ― | 1.79% | 22.23% | 236.33% | |
68 Neutral | ¥309.70B | 15.40 | ― | 2.49% | 2.02% | 4.43% | |
63 Neutral | ¥119.50B | 17.12 | ― | 3.61% | 9.37% | -13.59% | |
63 Neutral | ¥378.70B | 18.14 | 9.24% | 2.25% | 6.86% | 6.22% | |
60 Neutral | ¥259.40B | 21.68 | ― | 1.47% | 6.16% | 11.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9090
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AZ-COM Maruwa Holdings Inc. Corporate Events
AZ-COM Maruwa Details Governance and Results of Unlisted Parent WASAMI CO., LTD.
Aug 5, 2026
AZ-COM Maruwa Holdings Inc., traded on the TSE Prime Market, anchors a logistics-focused corporate group, with activities spanning transport, related services, and support networks. Its unlisted parent, WASAMI CO., LTD., operates as a holding and ...
AZ-COM Maruwa Holdings Publishes FY2027 Q1 Results and Forecasts
Aug 5, 2026
AZ-COM Maruwa Holdings Inc. has released its unofficial English translation of financial results for the first quarter of FY2027/3, alongside forecasts for the full fiscal year. While detailed figures are not provided in the document excerpt, the ...
AZ-COM MARUWA Posts Higher Sales but Lower Profit; Keeps Dividend and Full-Year Outlook
Aug 5, 2026
AZ-COM MARUWA Holdings Inc., a Tokyo-listed logistics group, reported total assets of ¥166.9 billion and an equity ratio of 36.7% as of June 30, 2026, reflecting a modest decline in net assets compared with the prior fiscal year-end. The comp...
AZ-COM Maruwa Launches Premium Shareholder Benefit Program to Boost Retail Investor Appeal
Jul 22, 2026
AZ-COM Maruwa Holdings Inc., a TSE Prime Market-listed logistics group in Japan, has introduced a structured shareholder benefit program to reinforce its focus on shareholder returns. The initiative is positioned as part of the company’s bro...
AZ-COM Maruwa to Merge Logistics Subsidiaries and Rebrand Last-Mile Platform
Jun 25, 2026
AZ-COM Maruwa Holdings will merge its wholly owned subsidiaries Japan Quick Service and Lufi in an absorption-type transaction effective October 1, 2026, with Japan Quick Service as the surviving entity and Lufi to be dissolved. The deal involves ...
AZ-COM Maruwa Clarifies Controlling Shareholder Structure and Minority Safeguards
Jun 25, 2026
AZ-COM Maruwa Holdings has disclosed details of its controlling shareholder structure, confirming that president and founder Masaru Wasami directly and indirectly holds a majority of the company’s voting rights, with additional shares owned ...
AZ-COM Maruwa Lowers Conversion Price on 2030 Euro-Yen Convertible Bonds
Jun 25, 2026
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 2030. The conversion price will be reduced from 1,415.0 yen to 1,391.5 yen, with the change...
AZ-COM Maruwa Steps Up Board Governance and Oversight of Strategy, Investments
Jun 17, 2026
AZ-COM Maruwa Holdings has disclosed the results of its fiscal 2025 evaluation of Board effectiveness, conducted via an anonymous web-based survey by an external organization of directors and audit supervisory board members. The review confirmed ...
AZ-COM MARUWA Adds ¥55 Million to Directors’ Stock Benefit Trust for New Share Purchases
Jun 17, 2026
AZ-COM MARUWA Holdings Inc. has resolved at its board meeting to make an additional monetary contribution to its existing Stock Benefit Trust for Directors, a performance-based equity compensation scheme in place since 2016 for directors of the co...
AZ-COM Maruwa President Becomes Largest Shareholder After Return of Lent Shares
May 25, 2026
AZ-COM Maruwa Holdings has announced a change in its largest shareholder, following the return of lent shares under a stock lending agreement tied to previously issued Euro-yen convertible bonds with stock acquisition rights due 2030. As a result,...
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.