Loading…
Japanese logistics and warehousing operator, part of the Sumitomo group, also active in real estate leasing.
Japanese logistics and warehousing operator, part of the Sumitomo group, also active in real estate leasing.
Charges storage fees by the area or volume used and handling fees per movement, while its port logistics earns fees tied to import and export volumes. Real estate leasing of its land and buildings is steadier income alongside the warehousing.
In one line: A Japanese warehousing/logistics operator, like a smaller Prologis with an operating logis.
Moat: narrow (installed base, scale). Large owned warehouse/port real estate portfolio built over decades is difficult to replicate quickly.
Headquarters: Tokyo, Japan · Founded: 1899 · Employees: 4,473
Size Sumitomo Warehouse (9303.T) is a Japan Industrials company (Marine Shipping) with a market value of $1.87B, the 509th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,930 on 6 Nov 2026.
Performance Over six months the shares gained 3.8%, against -0.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 2.0% over the last twelve months (peer median +10.3%); the operating margin is 6.1% (peer median 22.8%).
Valuation It trades at 16.3× forward earnings against a peer median of 8.0× (3rd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥199B | ¥196B | ¥193B | ¥185B | ¥224B |
| Revenue growth | — | +1% | +5% | -18% | — |
| Gross profit | ¥24.5B | ¥24.5B | ¥22.8B | ¥21.9B | ¥35.1B |
| EBITDA | ¥23.3B | ¥22.5B | ¥23.7B | ¥23.2B | ¥36.1B |
| Net income | ¥20.5B | ¥17.7B | ¥20.1B | ¥12.5B | ¥22.5B |
| Free cash flow | ¥5.84B | ¥2.52B | ¥18.5B | -¥487M | ¥18.0B |
| Capital expenditure | ¥23.3B | ¥26.8B | ¥14.0B | ¥23.2B | ¥12.8B |
| Total debt | ¥74.2B | ¥82.2B | ¥81.6B | ¥93.2B | ¥84.6B |
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 |
|---|---|---|---|---|---|---|
| Sumitomo Warehouse 9303.T | $1.87B | +4% | +2% | 6% | 16.3× | 11.3% |
| MITSUI-SOKO 9302.T | $1.52B | -22% | +6% | 7% | 17.8× | -1.6% |
| Nippon Express Hldgs 9147.T | $8.22B | +35% | +2% | 3% | 17.6× | 7.9% |
| Kamigumi 9364.T | $2.71B | -12% | +5% | 12% | 15.5× | -3.2% |
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 | 9303.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.8% | -9.3% | 6th highest of 21 |
| 6-month return | +3.8% | -0.1% | 11th highest of 21 |
| Distance from 52-week high | -9.4% | -17.1% | 2nd highest of 21 |
| Revenue growth (TTM) | +2.0% | +10.3% | 6th lowest of 20 |
| Operating margin | 6.1% | 22.8% | 3rd lowest of 21 |
| Forward P/E | 16.3× | 8.0× | 3rd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 11.3% | -3.2% | most demanding of 16 |
| Growth delivered (Del g) | +0.4% | +10.7% | lowest of 16 |
| Hurdle (Req g minus delivered) | +10.8 pp | -15.6 pp | most demanding of 16 |
| ROIC minus cost of capital | -2.7 pp | +1.9 pp | 3rd lowest of 21 |
| EV / EBITDA | 14.6× | 5.6× | most expensive of 17 |
| Net debt / EBITDA | 1.5× | 1.3× | 9th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sumitomo Warehouse 9303.T | Japan | $1.87B | +4% | +2% | 6% | 16.3× | 11.3% | +0.4% |
| CSSC (Hong Kong) Shipping 3877.HK | Hong Kong | $1.85B | -4% | -10% | 60% | 7.2× | -3.2% | +14.9% |
| 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 |
| Stolt-Nielsen SNI.OL | Norway | $1.82B | +4% | -5% | 11% | 8.8× | -4.5% | +9.5% |
| U-Ming Marine Transport 2606.TW | Taiwan | $1.70B | +6% | +13% | 29% | 8.7× | -3.8% | +12.8% |
| Wisdom Marine Lines 2637.TW | Taiwan | $2.13B | +28% | +10% | 33% | 9.1× | -1.8% | +7.2% |
| Great Eastern Shipping GESHIP.NS | India | $2.16B | -8% | +24% | 42% | 5.1× | 8.2% | +10.1% |
| Ningbo Ocean Shipping 601022.SS | China | $1.58B | -7% | +13% | 11% | n/a | n/a | n/a |
| NS United Kaiun Kaisha,Ltd 9110.T | Japan | $1.58B | +39% | +11% | 11% | n/a | -5.0% | +10.7% |
| Pacific Basin Shipping 2343.HK | Hong Kong | $2.22B | +6% | -6% | 6% | 9.0× | 7.9% | +7.3% |
| Costamare CMRE | United States | $1.54B | -28% | -42% | 44% | 5.2× | -6.9% | +13.0% |
| MITSUI-SOKO 9302.T | Japan | $1.52B | -22% | +6% | 7% | 17.8× | -1.6% | +3.4% |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| Navios Maritime Partners LP NMM | United States | $2.42B | +14% | +19% | 39% | 3.9× | n/a | n/a |
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| T.S. Lines 2510.HK | Hong Kong | $2.48B | +38% | -4% | 19% | 5.8× | -6.9% | +9.8% |
| Nanjing Tanker 601975.SS | China | $2.50B | -21% | +12% | 26% | 9.0× | -8.4% | +7.6% |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Capital Tankers CAPT.OL | Norway | $2.57B | +45% | n/a | 37% | 7.3× | n/a | n/a |
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |