1. Japan Stocks

  2. •

    Industrials

  3. •

    Integrated Freight & Logistics
Higashi Twenty One Co., Ltd.

Higashi Twenty One Co., Ltd.

9029.T
Higashi Twenty One Co., Ltd.JP flagTokyo Stock Exchange
1,930.00
JPY
-23.00
- -
25.23BMarket Cap
Higashi Twenty One Co., Ltd.
9029.T
(Tokyo Stock Exchange)

Recent

price

1,930.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,520.99
1,595.37
1,552.47
1,519.8
1,532.32
1,463.53
1,484.93
1,595.54
1,794.65
1,946.78
1,881.84
2,143.06
2,656.57
3,087.8
3,644.83
- -
3,096.93
Revenue per Share
29.3
31.89
30.32
33.75
31.22
16.44
41.01
38.29
44.64
53.62
51.33
85.92
96.82
114.49
136.77
- -
114.83
Basic EPS, GAAP
55.64
45.83
42.24
39.36
53.91
50.03
23.67
47.37
36.55
72.25
14.91
61.71
18.59
11.57
-92.32
- -
- -
Free Cash Flow per Basic Share
7.49
8.51
8.5
8.5
8.5
7.89
8.49
8.48
11.98
13.9
17.9
17.88
25.87
29.87
35.88
- -
- -
Dividend per Share
416.94
440.33
462.16
487.41
518.46
537.56
470.47
571.06
606.6
658.32
687.36
752.15
819.68
900.69
998.53
- -
903.35
Book Value per Share
415.01
438.01
461.86
489.44
521.28
531.67
536.88
539.05
564.44
617.65
655.46
722.44
771.38
889.71
937.4
- -
892.34
Tangible Book Value per Share
11
11
11
11
11
12
13
13
13
13
13
13
13
13
13
- -
13
Basic Weighted Avg Shares
17,491
18,346
17,853
17,477
17,621
18,137
19,444
20,892
23,500
25,112
24,437
27,953
34,808
40,635
48,126
57,973
40,635
Sales/Revenue/Turnover
3.91
3.94
3.51
3.85
3.94
3.92
3.45
3.88
3.77
3.97
4.19
5.28
5.48
5.39
5.69
6.98
5.39
Operating Margin (%)
301
281
274
244
232
240
279
315
425
465
483
549
660
885
1,172
1,407
- -
Depreciation Expense
337
367
349
388
359
204
537
501
585
692
667
1,121
1,269
1,507
1,806
2,603
1,507
Net Income, GAAP
47.38
49.5
44.98
43.33
43.83
41.43
28.42
38
33.63
36.33
36.61
34.85
36.96
34.76
36.37
36.31
34.76
Effective Tax Rate (%)
1.93
2
1.95
2.22
2.04
1.12
2.76
2.4
2.49
2.75
2.73
4.01
3.64
3.71
3.75
4.49
3.71
Profit Margin (%)
-3
353
227
621
676
1,546
2,056
2,586
2,399
2,577
2,714
3,167
3,453
3,221
1,697
3,305
3,221
Working Capital
1,435
1,458
900
803
495
495
512
1,159
1,150
869
751
1,200
1,914
3,237
4,089
2,961
3,237
LT Debt
4,895
5,162
5,421
5,719
6,094
6,708
7,151
7,573
7,856
8,377
8,913
9,863
10,871
12,312
13,510
16,114
12,312
Total Equity
4.2
4.25
4.13
4.6
4.65
4.82
5.33
5.19
5.68
5.92
5.77
7.8
8.34
8.24
8.11
9.85
8.24
Return on Invested Capital (%)
4.48
4.79
4.62
5.09
4.63
2.56
6.6
5.75
5.88
6.7
6.24
9.55
9.35
9.33
9.04
11.01
9.33
Return on Capital (%)
7.22
7.44
6.72
7.11
6.21
3.23
8.38
7.35
7.58
8.42
7.65
11.96
12.35
13.34
14.43
18.31
13.34
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'24
ST Debt
2,708
2,540
2,691
LT Borrowings
1,543
2,789
2,664
LT Finance Leases
- -
- -
573
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
13
Market Capitalization
12,714
14,223
17,031

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'24
Total Current Assets
9,997
10,178
11,738
Cash, Cash Equivalents & STI
3,160
3,194
4,062
Accounts Receivable, Net
5,199
5,386
6,728
Inventories
389
365
400
Total Current Liabilities
7,009
6,666
8,517
Payables & Accruals
- -
- -
- -
ST Debt
2,708
2,540
2,691
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.24%
12.62%
19.27%
Free Cash Flow
-110.49%
-229.53%
-455.98%
Net Income, GAAP
35.23%
32.82%
44.12%
Sales/Revenue/Turnover
12.58%
18.91%
20.46%
Total Cash Common Dividend
19.63%
19.49%
15.32%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,832
9,698
10,007
11,098
40,635
2025
- -
- -
- -
- -
48,126
2026
- -
- -
- -
- -
57,973

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28.23
- -
- -
- -
114.49
2025
- -
- -
- -
- -
136.77
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
29.87
2025
- -
- -
- -
- -
35.88
2026
- -
- -
- -
- -
- -
Similar Companies
ETGA Group Ltd (ETGA.TA)
Allcargo Terminals Limited (ATL.BO)
A-Sonic Aerospace Limited (ASNCF)
Deutsche Post AG (DHLGY)
T3EX Global Holdings Corp. (2636.TW)
Swift Haulage Berhad (5303.KL)
Business
Higashi Holdings Co., Ltd. (formerly Higashi Twenty One Co., Ltd.) provides comprehensive logistics services in Japan, including transportation and delivery; distribution center and warehouse storage; logistics processing; industrial waste management; BPO solutions such as in-house document logistics management, mail room operations, sorting and shipping of personal information forms, and secure confidential document storage and recycling; office relocation services; building logistics services; PC kitting and IT-related services; welfare equipment rental and sales comprising beds and wheelchairs; hygiene product sales including adult disposable diapers; temporary staffing; and parking lot management. The company operates primarily in the logistics and related support services industry, targeting corporate clients, enterprises, IT departments, local governments, and welfare providers across Japan with a nationwide network of bases and partners. Incorporated in 1944 and headquartered in Osaka, Japan, Higashi Holdings conducts business through segments encompassing transportation, warehousing, merchandise sales under the Hills 21 brand, and other support activities. In April 2025, the company transitioned to a pure holding company structure via corporate split and changed its name from Higashi Twenty One Co., Ltd. to Higashi Holdings Co., Ltd.; it completed the acquisition of Neocompetence Co., Ltd., a personnel dispatch firm, in June 2024 to bolster staffing for 3PL, office, and building delivery operations in the metropolitan area; and agreed to acquire Peerless Co., Ltd. in June 2025 to further expand capabilities.