Company Valuation: Japan Logistics Fund, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 287,813 276,557 253,895 248,318 277,637 252,345 - -
Change - -3.91% -8.19% -2.2% 11.81% -9.11% - -
Enterprise Value (EV) 1 388,809 383,259 358,308 351,264 382,437 368,607 360,747 358,773
Change - -1.43% -6.51% -1.97% 8.87% -3.62% -2.13% -0.55%
P/E 34.6x 29x 26.3x 23.4x 22.2x 24.2x 23.1x 22.8x
PBR 2.14x 1.93x 1.78x 1.76x 1.97x 1.8x 1.81x 1.82x
PEG - 2.6x 17.54x 2x 1.2x -1.5x 4.6x 20.76x
Capitalization / Revenue 15.6x 14x 12.5x 11.6x 11.8x 13x 12.3x 11.8x
EV / Revenue 21.1x 19.4x 17.7x 16.4x 16.2x 19x 17.7x 16.7x
EV / EBITDA 30.2x 26.9x 25x 22.9x 22.4x 25.4x 23.1x 23.2x
EV / EBIT 42.6x 36.8x 34x 30.3x 28.5x 32x 29.2x 28.5x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3,224 3,397 3,458 10,878 4,450 4,472 4,722 4,580
Rate of return 3.04% 3.44% 3.8% 12.1% 4.4% 4.87% 5.14% 4.98%
EPS 2 3,065 3,402 3,453 3,848 4,546 3,792 3,983 4,026
Distribution rate 105% 99.8% 100% 283% 97.9% 118% 119% 114%
Net sales 1 18,424 19,769 20,287 21,453 23,586 19,433 20,436 21,436
EBITDA 1 12,894 14,242 14,327 15,341 17,072 14,526 15,631 15,455
EBIT 1 9,122 10,414 10,540 11,599 13,415 11,519 12,347 12,590
Net income 1 8,321 9,518 9,672 10,724 12,505 12,787 12,420 12,156
Net Debt 1 100,995 106,701 104,413 102,946 104,800 116,262 108,401 106,428
Reference price 2 106,000.00 98,700.00 90,933.33 89,900.00 101,100.00 91,900.00 91,900.00 91,900.00
Nbr of stocks (in thousands) 2,715 2,802 2,792 2,762 2,746 2,746 - -
Announcement Date 3/16/22 A 3/14/23 A 3/15/24 A 3/12/25 A 3/17/26 A - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.71x17.64x23.66x4.84% 1.65B
40.6x18.99x24.25x3.17% 128B
18.02x15.22x17.34x1.15% 38.37B
33.45x15.51x21.97x3.2% 10.61B
638.58x9.64x13.61x4.56% 8.55B
26x13.47x19.69x3.23% 8.14B
20.81x13.34x17.23x4.09% 7.38B
33.7x11.54x15.76x4.18% 7.13B
33x16.14x24.42x3.31% 7.1B
10.01x18.12x18.8x6.14% 5.82B
Average 87.79x 14.96x 19.67x 3.79% 22.32B
Weighted average by Cap. 56.70x 17.07x 21.74x 3.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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