Sanritsu Corporation (9366) AI Stock Analysis

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Sanritsu Corporation

(TSE/TYO:9366)

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Rating:64Neutral

Price Target:JPY 1,391.00▲(7.00% Upside)

Action:reiterated

Date:11/12/26

The score is driven primarily by financial performance concerns—especially weak cash conversion and sharply negative 2026 free cash flow—despite strong top-line growth. Support comes from constructive technicals (price above key moving averages) and favorable valuation (low P/E with a ~2.77% dividend yield).

Positive Factors

Strong Revenue GrowthThe latest-year revenue increase indicates meaningful expansion in the company’s logistics activity and customer throughput. If sustained, stronger sales can improve operating scale, support reinvestment in warehousing and transportation capabilities, and reinforce Sanritsu’s position across its distribution services.

Negative Factors

Negative Free Cash FlowThe sharp move to negative free cash flow indicates that investment or working-capital requirements materially exceeded internally generated cash in 2026. Continued weakness could increase funding pressure, constrain discretionary investment, and reduce the cash available for debt reduction or shareholder returns.

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

Market Cap: JPY 7.32B
Dividend Yield: 2.77%
Average Volume (3M): 13.05K
Price to Earnings (P/E): 7.3
Beta (1Y): 0.55
Revenue Growth: 7.55%
EPS Growth: 97.17%
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

Mixed fundamentals: strong latest-year revenue growth (+75.8%) and steady (but thin) profitability, offset by rising leverage and a major cash-flow deterioration. Operating cash flow is consistently light versus earnings and free cash flow turned sharply negative in 2026 (-3.16B), increasing near-term funding and liquidity risk.

Income Statement

66Positive

Balance Sheet

61Positive

Cash Flow

45Neutral

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 SentimentPositive

Last Price1300.00

Price Trends

50DMA1182.38Positive

100DMA1113.81Positive

200DMA1018.59Positive

Market Momentum

MACD-1.28Negative

RSI64.58Neutral

STOCH70.76Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9366, the sentiment is Positive. The current price of 1300.00 is above the 20-day moving average (MA) of 1178.10, above the 50-day MA of 1182.38, and above the 200-day MA of 1018.59, indicating a bullish trend. The MACD of -1.28 indicates Negative momentum. The RSI at 64.58 is Neutral, neither overbought nor oversold. The STOCH value of 70.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 3.02B	7.41	―	3.00%	7.18%	28.12%
JP:9355	69Neutral	JPY 5.96B	4.16	―	2.71%	2.88%	59.61%
JP:9366	64Neutral	JPY 6.72B	7.33	―	2.77%	7.55%	97.17%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:9326	43Neutral	JPY 4.07B	456.98	―	2.56%	22.05%	―
JP:9051	42Neutral	JPY 5.86B	-31.36	―	1.32%	5.75%	-116.30%
JP:9327	40Underperform	JPY 2.85B	-7.75	―	―	-1.25%	-172.99%

* General Sector Average

Performance Comparison

JP:9366 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9366	Sanritsu Corporation	1300.00	461.79	55.09%
JP:9051	Senkon Logistics Co., Ltd	1139.00	-170.46	-13.02%
JP:9326	Kantsu Co., Ltd.	391.00	-77.54	-16.55%
JP:9327	e-LogiT Co., Ltd.	177.00	-124.00	-41.20%
JP:9355	Rinko Corporation	2210.00	372.05	20.24%
JP:9363	Daiun Co., Ltd.	500.00	51.44	11.47%

Sanritsu Corporation Corporate Events

Sanritsu Reports Six-Month Sales and Profit Increases

Nov 10, 2026

Sanritsu Corporation reported consolidated net sales of ¥11,447 million for the six months ended September 30, 2026, up 15.0% from the year-earlier period. Operating profit rose 122.3% to ¥908 million, ordinary profit increased 124.9% to ¥802 million...

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: Nov 12, 2026

Sanritsu Corporation AI Stock Analysis