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Employees: 1,165
Size AIT (9381.T) is a Japan Industrials company (Air Freight/Couriers) with a market value of $327M, the 1304th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,197 on 6 Nov 2026.
Performance Over six months the shares fell 0.6%, against -13.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 5.1% over the last twelve months (peer median +1.9%); the operating margin is 7.3% (peer median 2.1%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 1.9× (7th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 27.8 points above its cost of capital (6.9% WACC).
Next results Next results expected around 13 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥60.7B | ¥58.4B | ¥55.6B | ¥51.4B | ¥69.5B |
| Revenue growth | — | +5% | +8% | -26% | — |
| Gross profit | ¥10.7B | ¥10.3B | ¥10.1B | ¥10.2B | ¥11.2B |
| EBITDA | ¥5.08B | ¥4.84B | ¥4.74B | ¥5.06B | ¥6.06B |
| Net income | ¥3.13B | ¥3.17B | ¥3.05B | ¥2.99B | ¥3.69B |
| Free cash flow | n/a | ¥3.50B | ¥3.15B | ¥3.13B | ¥5.26B |
| Capital expenditure | n/a | ¥96.0M | ¥93.0M | ¥110M | ¥140M |
| Total debt | ¥158M | ¥283M | ¥383M | ¥442M | ¥1.98B |
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.
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 | 9381.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.2% | -6.9% | 5th highest of 21 |
| 6-month return | -0.6% | -13.3% | 5th highest of 21 |
| Distance from 52-week high | -10.1% | -26.5% | 4th highest of 21 |
| Revenue growth (TTM) | +5.1% | +1.9% | 9th highest of 21 |
| Operating margin | 7.3% | 2.1% | 5th highest of 20 |
| EV / Sales | 0.6× | 1.9× | 7th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -5.2% | 8.8% | 3rd least demanding of 13 |
| Growth delivered (Del g) | +5.0% | +4.8% | 7th highest of 13 |
| Hurdle (Req g minus delivered) | -10.2 pp | +1.9 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | +27.8 pp | -3.8 pp | 2nd highest of 19 |
| EV / EBITDA | 7.7× | 9.8× | 4th cheapest of 10 |
| Net debt / EBITDA | -2.6× | 1.8× | 2nd least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| AIT 9381.T | Japan | $327M | -1% | +5% | 7% | 0.6× | -5.2% | +5.0% |
| Guangdong Gensho Logistics 603813.SS | China | $323M | -44% | -41% | -30% | 12.0× | n/a | n/a |
| Dimerco Express 5609.TWO | Taiwan | $333M | -1% | +2% | 4% | 0.2× | -15.9% | +5.3% |
| Guangdong Prolto Supply Chain Management 002769.SZ | China | $337M | -39% | -66% | -13% | 11.3× | 41.0% | -42.0% |
| Shanghai Ace Investment & Development 603329.SS | China | $341M | -19% | -60% | 10% | 1.2× | -6.5% | +10.9% |
| COSCO Shipping International Singapore F83.SI | Singapore | $347M | -18% | +10% | 7% | 1.9× | 17.2% | +0.9% |
| Bondex Supply Chain Management 603836.SS | China | $364M | -14% | +17% | 1% | 0.2× | n/a | n/a |
| Cedar Development 002485.SZ | China | $392M | -2% | -32% | -17% | 5.0× | n/a | n/a |
| Sindhu Trade Links SINDHUTRAD.NS | India | $405M | -12% | -64% | 2% | 9.2× | n/a | n/a |
| Radiant Logistics RLGT | United States | $418M | +8% | +4% | 2% | 0.5× | 16.3% | +0.8% |
| Guangzhou Jiacheng International Logistics 603535.SS | China | $427M | -30% | -29% | -2% | 4.2× | 16.0% | -0.4% |
| Mahindra Logistics MAHLOG.NS | India | $443M | +5% | +20% | 2% | 0.6× | 33.7% | +16.5% |
| HPF 300350.SZ | China | $465M | -13% | +73% | -5% | 5.0× | n/a | n/a |
| Shanghai Shine-Link International Logistics 603648.SS | China | $467M | -15% | +10% | 11% | 1.9× | -0.7% | +0.3% |
| PostNL PNL.AS | Netherlands | $473M | -16% | +2% | 1% | n/a | n/a | n/a |
| Farglory Free Trade Zone Investment 5607.TW | Taiwan | $534M | 0% | +30% | 42% | 6.2× | -2.7% | +16.8% |
| Japan Transcity 9310.T | Japan | $538M | +15% | +1% | 7% | 0.8× | 1.3% | +4.4% |
| Singapore Post S08.SI | Singapore | $546M | -17% | -73% | 3% | 1.9× | n/a | n/a |
| TVS Supply Chain Solutions TVSSCS.NS | India | $547M | -4% | +17% | 2% | 0.4× | 14.4% | +9.7% |
| Hichain Logistics 300873.SZ | China | $560M | -22% | +15% | 14% | 1.8× | 3.2% | +12.1% |
| Xiamen Xinde 000701.SZ | China | $568M | -3% | -22% | n/a | 0.6× | n/a | n/a |