Added to YB: 2025-12-30
Pitch date: 2025-12-30
9145.T [bullish]
Being Holdings Co., Ltd.
-11.58%
current return
Author Info
Company Info
Being Holdings Co., Ltd., together with its subsidiaries, engages in the logistics consulting business.
Market Cap
JPY 18.6B
Pitch Price
JPY 872.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.95
P/E
13.25
EV/Sales
0.62
Sector
Air Freight and Logistics
Category
growth
Built. Different.
9145.T (new position): 3PL w/ 'logistics without transport' model consolidates multi-customer warehouses into SCM centers, cutting redundant transport/inventory. Proprietary JOBS IT system drives industry-leading cost control & productivity tracking. 13% rev CAGR (7yr), 33% EBIT CAGR, margin expansion every year, 20%+ ROE, 119% cash conversion. 96% customer retention (72% >10yr). Opening 12 new bases in '25 vs 1 in '24; expect ¥3B+ '26 EBIT on ~14% rev growth. Trading 8-9x NTM EV/EBIT, 9-10x P/E. Risk: 35% rev from Aoki (3549.T).
Read full article (17 min)