Sanritsu Corporation (9366) AI Stock Analysis

Sanritsu Corporation

(TSE/TYO:9366)

Select Model

Rating:69.5Neutral

Price Target:JPY 1,277.00▲(9.71% Upside)

Action:reiterated

Date:09/19/26

The overall score of 69.5 reflects a company with a solid balance sheet and attractive valuation, but with significant cash flow concerns. The most impactful factor is the mixed financial performance, where stable equity and profitability recovery are weighed down by sharply negative free cash flow. Strong bullish technical momentum and a low P/E ratio provide additional support, but the overbought signals and underlying cash flow weakness temper the overall rating.

Positive Factors

Latest-year revenue growthThe sharp latest-year revenue increase indicates stronger demand for Sanritsu’s warehousing, transportation, and logistics services. If customer activity remains elevated, this expanded revenue base can support operating scale, reinforce market presence, and provide a foundation for sustained earnings growth.

Negative Factors

Weak cash conversionOperating cash flow converting at only a fraction of reported earnings indicates that accounting profit is not translating efficiently into usable cash. This can constrain internally funded growth, increase dependence on financing, and make earnings less resilient when working-capital needs rise.

Sanritsu Corporation (9366) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 6.56B
Dividend Yield: 3.09%
Average Volume (3M): 9,950
Price to Earnings (P/E): 7.5
Beta (1Y): 0.51
Revenue Growth: 3.74%
EPS Growth: 126.09%
Country: Japan
Employees: 456
Sector: General
Sector Strength: 55
Industry: Integrated Freight & Logistics

Sanritsu Corporation Business Overview & Revenue Model

Company Description

Sanritsu Corporation engages in the packaging, transportation, and warehousing business in Japan and internationally. The company offers steel, wooden box, reinforced cardboard, and cardboard packing products. It also provides truck transportation se...

Sanritsu Corporation Financial Statement Overview

Summary

Financial performance is mixed. The Income Statement (Score: 58) shows modest revenue growth and a strong net income recovery, but earnings remain volatile. The Balance Sheet (Score: 68) is solid with manageable leverage and consistent equity growth, though ROE is low. The Cash Flow Statement (Score: 48) is a concern, as sharply negative free cash flow introduces liquidity risk despite stable operating cash generation. Overall, the stable balance sheet is offset by weak cash flow and slow growth.

Income Statement

58Neutral

Balance Sheet

68Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	21.14B	20.53B	20.12B	19.40B	20.34B	18.53B
Gross Profit	4.66B	4.37B	4.28B	4.21B	4.02B	3.79B
EBITDA	2.13B	1.92B	1.79B	1.64B	1.79B	1.80B
Net Income	868.65M	688.00M	468.69M	572.68M	980.56M	759.37M
Balance Sheet
Total Assets	27.06B	26.73B	24.76B	21.43B	21.22B	20.54B
Cash, Cash Equivalents and Short-Term Investments	2.86B	2.38B	3.80B	2.22B	2.73B	2.75B
Total Debt	9.63B	9.95B	7.98B	6.56B	6.67B	6.97B
Total Liabilities	14.50B	14.42B	12.96B	10.65B	10.97B	11.09B
Stockholders Equity	12.44B	12.19B	11.68B	10.67B	10.16B	9.36B
Cash Flow
Free Cash Flow	0	-3.16B	662.83M	247.16M	256.95M	386.12M
Operating Cash Flow	0	1.29B	1.66B	1.10B	1.42B	1.23B
Investing Cash Flow	0	-4.48B	-1.23B	-976.97M	-904.97M	-973.68M
Financing Cash Flow	0	1.83B	1.06B	-677.65M	-678.49M	-430.70M

Sanritsu Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price1164.00

Price Trends

50DMA1174.82Negative

100DMA1100.10Positive

200DMA1006.86Positive

Market Momentum

MACD-3.21Positive

RSI45.02Neutral

STOCH42.03Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9366, the sentiment is Negative. The current price of 1164.00 is below the 20-day moving average (MA) of 1195.55, below the 50-day MA of 1174.82, and above the 200-day MA of 1006.86, indicating a neutral trend. The MACD of -3.21 indicates Positive momentum. The RSI at 45.02 is Neutral, neither overbought nor oversold. The STOCH value of 42.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9366.

Sanritsu Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:9366 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:9363	84Outperform	JPY 3.03B	7.46	―	2.99%	7.18%	28.12%
JP:9366	70Neutral	JPY 6.56B	7.55	―	3.09%	3.74%	126.09%
JP:9355	69Neutral	JPY 6.07B	4.24	―	2.67%	2.94%	158.32%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:9326	43Neutral	JPY 4.24B	477.91	―	2.43%	22.05%	―
JP:9327	40Underperform	JPY 2.90B	-8.29	―	―	-1.25%	-172.99%
JP:9051	39Underperform	JPY 5.48B	-30.08	―	1.41%	5.75%	-140.96%

* General Sector Average

Performance Comparison

JP:9366 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9366	Sanritsu Corporation	1164.00	332.59	40.00%
JP:9051	Senkon Logistics Co., Ltd	1065.00	-314.63	-22.81%
JP:9326	Kantsu Co., Ltd.	411.00	-45.80	-10.03%
JP:9327	e-LogiT Co., Ltd.	183.00	-136.00	-42.63%
JP:9355	Rinko Corporation	2249.00	468.61	26.32%
JP:9363	Daiun Co., Ltd.	502.00	62.19	14.14%

Sanritsu Corporation Corporate Events

Sanritsu Delivers Earnings Surge and Raises Dividend Outlook for Fiscal 2027

Aug 7, 2026

Sanritsu Corporation reported strong earnings for the three months ended June 30, 2026, with net sales rising 12.6% year-on-year to ¥5,448 million and operating profit surging 236.2% to ¥334 million. Profit attributable to owners of parent...

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: Sep 19, 2026

Sanritsu Corporation AI Stock Analysis