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Japanese logistics group providing warehousing, freight forwarding and moving services domestically and overseas.
Japanese logistics group providing warehousing, freight forwarding and moving services domestically and overseas.
In one line: A mid-size Japanese logistics/warehousing operator.
Moat: none (installed base). Owned warehouse network is an asset base, but the logistics market is fragmented and price competitive.
Headquarters: Tokyo, Japan · Founded: 1909 · Employees: 7,654
Size MITSUI-SOKO (9302.T) is a Japan Industrials company (Marine Shipping) with a market value of $1.52B, the 569th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,081 on 6 Nov 2026.
Performance Over six months the shares fell 21.6%, against +0.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue grew 6.2% over the last twelve months (peer median +5.5%); the operating margin is 7.0% (peer median 16.5%).
Valuation It trades at 17.8× forward earnings against a peer median of 8.7× (2nd most expensive of 18).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.3 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥307B | ¥299B | ¥281B | ¥261B | ¥301B |
| Revenue growth | — | +7% | +8% | -13% | — |
| Gross profit | ¥43.2B | ¥43.3B | ¥37.6B | ¥38.5B | ¥42.9B |
| EBITDA | ¥33.3B | ¥33.8B | ¥28.7B | ¥30.6B | ¥35.8B |
| Net income | ¥11.6B | ¥11.2B | ¥10.0B | ¥12.1B | ¥15.6B |
| Free cash flow | ¥13.0B | ¥13.8B | ¥10.5B | ¥15.2B | ¥29.8B |
| Capital expenditure | ¥12.2B | ¥11.6B | ¥13.8B | ¥11.5B | ¥5.75B |
| Total debt | ¥83.2B | ¥85.7B | ¥87.6B | ¥83.3B | ¥92.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| MITSUI-SOKO 9302.T | $1.52B | -22% | +6% | 7% | 17.8× | -1.6% |
| Sumitomo Warehouse 9303.T | $1.87B | +4% | +2% | 6% | 16.3× | 11.3% |
| Nippon Express Hldgs 9147.T | $8.22B | +35% | +2% | 3% | 17.6× | 7.9% |
| Yamato 9064.T | $4.83B | +26% | +2% | 2% | 34.5× | 8.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9302.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.9% | -5.7% | 11th highest of 21 |
| 6-month return | -21.6% | +0.3% | 2nd lowest of 20 |
| Distance from 52-week high | -28.7% | -15.1% | 5th lowest of 21 |
| Revenue growth (TTM) | +6.2% | +5.5% | 10th highest of 20 |
| Operating margin | 7.0% | 16.5% | 4th lowest of 20 |
| Forward P/E | 17.8× | 8.7× | 2nd most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -1.6% | -3.8% | 5th most demanding of 14 |
| Growth delivered (Del g) | +3.4% | +12.8% | 3rd lowest of 14 |
| Hurdle (Req g minus delivered) | -5.0 pp | -15.6 pp | 3rd most demanding of 14 |
| ROIC minus cost of capital | +2.3 pp | +1.1 pp | 9th highest of 19 |
| EV / EBITDA | 8.8× | 5.6× | 5th most expensive of 17 |
| Net debt / EBITDA | 1.3× | 1.4× | 7th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MITSUI-SOKO 9302.T | Japan | $1.52B | -22% | +6% | 7% | 17.8× | -1.6% | +3.4% |
| Costamare CMRE | United States | $1.54B | -28% | -42% | 44% | 5.2× | -6.9% | +13.0% |
| NS United Kaiun Kaisha,Ltd 9110.T | Japan | $1.58B | +39% | +11% | 11% | n/a | -5.0% | +10.7% |
| Ningbo Ocean Shipping 601022.SS | China | $1.58B | -7% | +13% | 11% | n/a | n/a | n/a |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| U-Ming Marine Transport 2606.TW | Taiwan | $1.70B | +6% | +13% | 29% | 8.7× | -3.8% | +12.8% |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |
| Stolt-Nielsen SNI.OL | Norway | $1.82B | +4% | -5% | 11% | 8.8× | -4.5% | +9.5% |
| Rizhao Port 600017.SS | China | $1.26B | -7% | +3% | 13% | 17.1× | n/a | n/a |
| MPC Container Ships MPCC.OL | Norway | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% | +27.1% |
| CSSC (Hong Kong) Shipping 3877.HK | Hong Kong | $1.85B | -4% | -10% | 60% | 7.2× | -3.2% | +14.9% |
| Sumitomo Warehouse 9303.T | Japan | $1.87B | +4% | +2% | 6% | 16.3× | 11.3% | +0.4% |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| Clarkson CKN.L | United Kingdom | $1.90B | -5% | +15% | 14% | 13.9× | 5.2% | +12.0% |
| PanOcean 028670.KS | South Korea | $1.91B | -12% | +24% | 9% | 5.0× | n/a | n/a |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| 2020 Bulkers 2020.OL | Norway | $1.10B | +20% | +256% | 92% | 170.2× | 9.2% | +7.3% |
| d'Amico International Shipping DIS.MI | Italy | $1.09B | -3% | -15% | 36% | 8.0× | -7.3% | +2.3% |