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Kantsu Co., Ltd. (9326) AI Stock Analysis

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JP:9326

Kantsu Co., Ltd.

(TSE/TYO:9326)

Select Model
Rating:43Neutral
Price Target:JPY 400.00â–²(1.52% Upside)
Action:reiterated
Date:10/17/26

The score is held down primarily by elevated balance-sheet leverage and weak/volatile cash flow quality despite the 2026 turnaround. Technicals also point to a sustained downtrend with very weak momentum, and valuation is a major headwind due to an extremely high P/E that the current profitability profile does not support.

Positive Factors
Revenue GrowthThe return to strong revenue growth indicates renewed business activity and improving demand after a weak prior year. If maintained, higher scale can support operating leverage, strengthen market position, and provide a foundation for further earnings recovery.
Negative Factors
High LeverageThe higher debt burden reduces financial flexibility and leaves less capacity to absorb weaker trading conditions or fund expansion internally. Elevated leverage also makes the balance sheet more sensitive to earnings volatility and increases the importance of sustained cash generation.

Kantsu Co., Ltd. (9326) vs. iShares MSCI Japan ETF (EWJ)

-20%-10%0%10%20%30%JP:9326-15.91%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 4.00B
Dividend Yield
2.54%
Average Volume (3M)
31.10K
Price to Earnings (P/E)
458.1
Beta (1Y)
0.34
Revenue Growth
22.05%
EPS Growth
―
Country
Japan
Employees
243
Sector
Industrials
Sector Strength
63
Industry
Integrated Freight & Logistics

Kantsu Co., Ltd. Business Overview & Revenue Model

Company Description

Kantsu Co.,Ltd. offers a comprehensive suite of supply chain and logistical solutions, including import/export customs clearance, domestic distribution, order fulfillment, and customer support for clients both in Japan and internationally. Their spec...

Kantsu Co., Ltd. Financial Statement Overview

Summary

A clear operating turnaround in 2026 (re-accelerating revenue growth and return to net profit, with operating and free cash flow back to positive). However, profitability remains thin and the balance sheet is a major constraint with very high leverage (debt-to-equity ~3.27x), while cash flow conversion and multi-year free-cash-flow consistency remain weak.

Income Statement

55Neutral

Balance Sheet

34Negative

Cash Flow

40Negative
Financial statement breakdown
BreakdownTTMFeb 2026Feb 2025Feb 2024Feb 2023Feb 2022
Income Statement
Total Revenue19.96B18.35B15.27B11.94B10.49B10.10B
Gross Profit1.46B1.54B1.13B1.45B1.37B1.57B
EBITDA549.16M727.06M-560.86M497.90M1.38B1.03B
Net Income8.11M206.09M-848.22M49.69M628.12M463.99M
Balance Sheet
Total Assets13.07B11.70B10.44B10.43B9.58B9.56B
Cash, Cash Equivalents and Short-Term Investments3.34B2.65B2.18B2.56B3.43B3.22B
Total Debt8.45B7.34B6.21B5.65B4.27B5.19B
Total Liabilities11.11B9.45B8.35B7.40B6.32B6.83B
Stockholders Equity1.96B2.24B2.09B3.02B3.26B2.73B
Cash Flow
Free Cash Flow097.41M-423.91M-676.25M-752.12M268.43M
Operating Cash Flow0494.04M-96.15M-54.30M216.64M805.46M
Investing Cash Flow0-1.06B-700.17M-2.12B1.01B-1.09B
Financing Cash Flow01.03B652.26M1.09B-1.02B900.11M

Kantsu Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price394.00

Price Trends

50DMA451.00Negative
100DMA459.96Negative
200DMA449.55Negative

Market Momentum

MACD-18.14Negative
RSI27.96Positive
STOCH26.53Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9326, the sentiment is Negative. The current price of 394.00 is below the 20-day moving average (MA) of 408.60, below the 50-day MA of 451.00, and below the 200-day MA of 449.55, indicating a bearish trend. The MACD of -18.14 indicates Negative momentum. The RSI at 27.96 is Positive, neither overbought nor oversold. The STOCH value of 26.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9326.

Kantsu Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

JP:9326 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9304JP:930469NeutralJPY 118.06B14.02―4.38%6.44%42.98%
JP:9310JP:931066NeutralJPY 84.35B11.83―3.47%2.46%16.00%
JP:9351JP:935166NeutralJPY 14.63B9.27―4.74%7.98%13.76%
JP:9306JP:930665NeutralJPY 13.28B11.16―3.80%4.73%-21.33%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
JP:9312JP:931258NeutralJPY 18.65B6.07―3.50%-5.75%25.31%
JP:9326JP:932643NeutralJPY 4.06B458.14―2.54%22.05%―

* Industrials Sector Average

Performance Comparison

0%25%50%75%100%JP:9326JP:9304JP:9306JP:9310JP:9312JP:9351Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:9326 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9326Kantsu Co., Ltd.394.00-68.67-14.84%
JP:9304Shibusawa Warehouse Co., Ltd.1940.00860.8879.78%
JP:9306Toyo Logistics Co., Ltd.1976.00120.516.49%
JP:9310Japan Transcity Corporation1327.00288.1227.73%
JP:9312Keihin Co., Ltd.2857.00250.079.59%
JP:9351Toyo Wharf & Warehouse Co., Ltd.1900.00315.1019.88%
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: Oct 17, 2026