Added to YB: 2026-05-15
Pitch date: 2026-04-23
9301.T [bullish]
Mitsubishi Logistics Corporation
Author Info
Senjin Capital is a Sydney-based investment manager focused on unlocking the value trapped inside many of Japan’s overlooked small-cap public companies. Sign up for the newsletter.
Company Info
Mitsubishi Logistics Corporation provides logistics services in Japan and internationally. It operates through the Logistics and Real Estate segments.
Market Cap
JPY 496.8B
Pitch Price
N/A
Price Target
2.2K
Dividend
3.05%
EV/EBITDA
15.01
P/E
9.27
EV/Sales
1.99
Sector
Transportation Infrastructure
Category
special_situation
‘Shadow activism’ – actionable idea: Mitsubishi Logistics (US$3bn market cap)
9301.T: AVI (3.7% holder) targeting logistics co w/ ¥500bn mkt cap vs ¥850bn real estate + ¥185bn cross-holdings = 2x asset backing. Co selling ¥100bn cross-holdings '25-'30, ¥40bn buybacks, 4% div-on-equity target. Risk: ¥590bn capex plan (2x OCF) + recent ¥25bn Cavalier writedown. Upside: PE sale (KKR paid 10.7x EBITDA for Hitachi Transport) or RE monetization = 1.7x pre-tax value, 55% upside post-tax.
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