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Overview

Warehousing and Harbor Transportation Service

AIT CORPORATION

AIT Co., Ltd. is a non-vessel operating common carrier (NVOCC) and international freight forwarder specializing primarily in Japan-China sea freight transportation, offering FCL and LCL container shipping services without owning vessels. The company provides end-to-end international logistics solutions including import/export customs clearance, cargo storage and packing, shipping documentation, marine cargo insurance arrangement, and third-party logistics (3PL) services. With a strong network of offices across major Chinese cities (Shanghai, Dalian, Tianjin, Qingdao, Suzhou, Ningbo, Xiamen, Shenzhen) and subsidiaries in Taiwan and Vietnam, the company differentiates itself through deep China expertise and rapid cargo information delivery to shippers.

Market Cap

¥52.8B

US$337M

¥34.9B

US$223M

Stock¥2,246▼-0.53%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

7.0

LTM EV/EBIT

7.8

LTM PER

16.8

LTM PBR

2.5

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-12.2%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

99%

EquityD/E 0.01xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 73.1%

as of 2026-08-31 · Source: Annual Securities Report

H&Y Co., Ltd.

33.35%

LOGISTEED, Ltd.

20.43%

The Master Trust Bank of Japan, Ltd. (Trust Account)

5.50%

Nomura Trust and Banking Co., Ltd. (Investment Trust Account)

3.80%

Custody Bank of Japan, Ltd. (Trust Account)

2.25%

State Street Bank and Trust Client Omnibus Account OM02 505002 (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Department)

1.96%

Shinichi BAJO

1.86%

C&T Co., Ltd.

1.57%

BBH for Fidelity Low-Priced Stock Fund (Standing Proxy: MUFG Bank, Ltd.)

1.37%

Dolphins Co., Ltd.

1.02%

Management

12 officers

Eiichi YAKURA

Representative Director, President

Apr 1973 Joined Asakawa Kumi Unso Co., Ltd. Jul 1976 Joined Atlas Multimodal Transport Co., Ltd. (now ITOCHU Logistics Corp.) Apr 1995 Representative Director, President of the Company (current) Jan 2017 Director, Taiwan Aiite International Logistics Co., Ltd. (current) Aug 2017 Chairman, Shanghai Aiite International Logistics Co., Ltd. (current) Mar 2019 Director, Nisshin Unyu Co., Ltd. (current)

1948-09-08

Shinichi BAJO

Managing Director, General Manager of Sales Headquarters

Apr 1993 Joined Itochu Express Co., Ltd. (now ITOCHU Logistics Corp.) Mar 1996 Joined the Company Dec 1997 Director of the Company Mar 2009 Managing Director of the Company Jun 2019 Representative Director, President, Nisshin Unyu Co., Ltd.; Chairman, Nisshin Kokusai Butsuryu (Shanghai) Co., Ltd. Oct 2020 Director, NISSHIN (MYANMAR) CO., LTD. Jan 2022 Director, Nisshin Kokusai Butsuryu (Shanghai) Co., Ltd. Mar 2026 Managing Director of the Company, General Manager of Sales Headquarters (current); Director, Nisshin Unyu Co., Ltd. (current) Apr 2026 Director, Shanghai Aiite International Logistics Co., Ltd. (current); Director, Taiwan Aiite International Logistics Co., Ltd. (current)

1968-04-27

Toshiya KATSUKI

Managing Director, in charge of General Planning, Information Systems, Accounting & Finance, and Overseas Operations; General Manager, President's Office

Apr 1988 Joined Itochu Corporation Mar 2013 Seconded to ITOCHU Textile Prominent Asia Limited as Director Apr 2015 Deputy, East Asia General Representative (Corporate Planning), Itochu Corporation May 2020 Deputy General Manager, Fashion & Apparel Division, Itochu Corporation Apr 2021 Seconded to Descente Japan Co., Ltd. as Executive Officer, General Manager of Management Administration Department Apr 2022 Seconded to Descente, Ltd. as Executive Officer, CSO Apr 2023 CSO, Descente, Ltd., in charge of Corporate Strategy Office; Acting Head, Management Administration, Logistics & R&D Unit, Descente Japan Co., Ltd. Apr 2024 Returned to Itochu Corporation, Fashion & Apparel Division May 2024 Joined the Company as Advisor; Director, Shanghai Aiite International Logistics Co., Ltd. (current); Director of the Company Aug 2024 Supervisor, Taiwan Aiite International Logistics Co., Ltd. (current) May 2025 Director, Nisshin Unyu Co., Ltd. (current) Jun 2025 Managing Director of the Company, in charge of Overseas Operations; General Manager, President's Office May 2026 Managing Director of the Company, in charge of General Planning, Information Systems, Accounting & Finance, and Overseas Operations; General Manager, President's Office (current)

1964-05-20

Nobuo OTSUKI

Director

Apr 1995 Joined Sumitomo Special Metals Co., Ltd. Feb 1998 Joined the Company Mar 2009 General Manager, Osaka Sales Department of the Company Mar 2016 Executive Officer of the Company, in charge of Thailand, Vietnam and Indonesia May 2016 Director of the Company (current) Jan 2017 Director, Taiwan Aiite International Logistics Co., Ltd. Mar 2019 Director, Shanghai Aiite International Logistics Co., Ltd.; Director, Nisshin Unyu Co., Ltd. Mar 2026 Representative Director, President, Nisshin Unyu Co., Ltd. (current); Director, Nisshin Kokusai Butsuryu (Shanghai) Co., Ltd. (current); Director, NISSHIN (MYANMAR) CO., LTD. (current)

1972-02-08

Hiroshi KAWAMINE

Director, in charge of Osaka Customs Clearance Department, Tokyo Customs Clearance Department and Ocean Operations Department

Apr 1994 Joined Aster Co., Ltd. Jun 2000 Joined the Company Mar 2007 General Manager, Tokyo Sales Department of the Company Mar 2016 Executive Officer of the Company, General Manager, Tokyo Sales Department Mar 2019 Executive Officer of the Company, in charge of Tokyo Customs Clearance Department May 2019 Director of the Company May 2020 Director, Shanghai Aiite International Logistics Co., Ltd. (current); Director, Nisshin Unyu Co., Ltd. (current); Supervisor, Taiwan Aiite International Logistics Co., Ltd. May 2025 Director of the Company, in charge of Osaka Customs Clearance Department, Tokyo Customs Clearance Department and Ocean Operations Department (current)

1971-07-21

Kei KAMIKO

Director, in charge of Osaka Sales Department

Apr 1997 Joined Tokyo Danke Co., Ltd. Apr 2003 Joined the Company Mar 2017 Seconded to Shanghai Aiite International Logistics Co., Ltd., Shanghai Branch, as Deputy General Manager and General Manager, Sales Department Mar 2020 Seconded to Nisshin Unyu Co., Ltd. as Deputy General Manager, Kansai Sales Department Oct 2020 General Manager, Kansai Sales Department No. 1, Nisshin Unyu Co., Ltd. May 2024 Director and General Manager, Kansai Sales Department No. 1, Nisshin Unyu Co., Ltd. Mar 2026 Executive Officer of the Company, in charge of Osaka Sales Departments No. 1 and No. 2, Sales Headquarters May 2026 Director of the Company, in charge of Osaka Sales Department (current)

1973-04-27

Shinobu OKAMOTO

Director

Oct 2002 Joined Asahi Audit Corporation (now Azusa Audit LLC) Mar 2013 Opened Shinobu Terato Certified Public Accountant Office; Representative (current) May 2013 Statutory Auditor of the Company Mar 2022 Outside Director (Audit and Supervisory Committee Member), EM Systems Co., Ltd. (current) May 2024 Director of the Company (current)

1976-04-14

Yuko KITAOKA

Director

Apr 1997 Joined Meiji Dairies Corporation (now Meiji Co., Ltd.) Apr 2001 Joined Nihon Asia Investment Co., Ltd. Jan 2003 Joined Bio Site Capital Co., Ltd. Oct 2009 Joined Japan Venture Capital Co., Ltd. Jun 2016 Executive Officer, Japan Venture Capital Co., Ltd. Oct 2016 Outside Director, Cyfuse Biomedical Co., Ltd. Jun 2018 Managing Executive Officer, Japan Venture Capital Co., Ltd. Apr 2021 Outside Director, PREVENT Inc. Jun 2021 Senior Managing Executive Officer, Japan Venture Capital Co., Ltd. Apr 2024 Senior Partner, Japan Venture Capital Co., Ltd. (current) May 2024 Representative Member, Gomei Chouyou LLC (current); Venture Partner, Seiho Investment Works Co., Ltd. May 2025 Director of the Company (current)

1974-11-07

Isao TAKAOKA

Director

Apr 1993 Joined Hitachi Transport System, Ltd. Apr 2013 General Manager, Global Management Strategy Office, Hitachi Transport System, Ltd. Dec 2013 General Manager, Public Relations Department, Global Management Strategy Office, Hitachi Transport System, Ltd. Apr 2019 Deputy General Manager, Management Strategy Headquarters, Hitachi Transport System, Ltd. Apr 2023 Executive Officer (CPO), Deputy General Manager, Management Strategy Headquarters, Hitachi Transport System, Ltd. Mar 2024 Executive Officer (CPO), Deputy General Manager, Management Strategy Headquarters, LOGISTEED, Ltd. Apr 2024 Executive Officer (CSO and CPO), General Manager, Management Strategy Headquarters, LOGISTEED, Ltd. (current) Apr 2026 Executive Officer (CSO and CPO), General Manager, Management Strategy Headquarters, LOGISTEED Holdings Corporation (current) May 2026 Director of the Company (current)

1971-02-26

Yasushi MATSUKAWA

Full-time Statutory Auditor

Apr 1984 Joined Nankai Electric Railway Co., Ltd. Jun 1998 Section Manager (treatment), Nankai Electric Railway Co., Ltd.; Seconded to Nankai Tatsumura Construction Co., Ltd. as General Manager, Personnel Department Jun 2007 Department Manager (treatment), Nankai Electric Railway Co., Ltd.; Seconded to Nankai Sharyo Co., Ltd. as Managing Director Jun 2011 General Manager, Corporate Planning Department, Management Policy Office, Nankai Electric Railway Co., Ltd. Jun 2014 Seconded to Nichiden Shokai Co., Ltd. as Representative Director, President Jun 2016 General Manager, Business Strategy Department, Management Policy Office, Nankai Electric Railway Co., Ltd. Jun 2017 Executive Officer, Nankai Electric Railway Co., Ltd.; Seconded to Nankai Real Estate Co., Ltd. as Representative Director, President Apr 2022 Seconded to Nankai Sharyo Co., Ltd. as Representative Director, President Apr 2023 Senior Advisor, Internal Audit Office, Nankai Electric Railway Co., Ltd.; Statutory Auditor of Nankai Building Service Co., Ltd., Nankai Express Co., Ltd., Nankai Management Service Co., Ltd., Nankai System Solutions Co., Ltd. and Nankai Insurance Service Co., Ltd. May 2024 Joined the Company as Advisor; Full-time Statutory Auditor of the Company (current); Statutory Auditor, Nisshin Unyu Co., Ltd. (current)

1961-03-24

Yoshio NISHIJIMA

Statutory Auditor

Oct 1993 Passed the National Bar Examination Apr 1996 Appointed Public Prosecutor (Tokyo District Public Prosecutors Office, Osaka District Public Prosecutors Office) May 1997 Registered as Attorney-at-law; joined Takahashi Sogo Law Office Feb 2012 Opened Yoshio Nishijima Law Office; Representative (current) May 2014 Statutory Auditor of the Company (current)

1966-02-26

Koji OKUBO

Statutory Auditor

Apr 1994 Joined Coop Kobe Consumers' Cooperative Dec 2006 Joined Azusa Audit Corporation (now Azusa Audit LLC) Feb 2009 Registered as Certified Public Accountant Oct 2019 Opened Koji Okubo Certified Public Accountant Office; Representative (current) Jan 2020 Registered as Certified Tax Accountant Jun 2020 Statutory Auditor, DXHUB Inc. (current) Apr 2022 Auditor, National University Corporation Nara National Universities Organization (current) Jun 2022 Partner, Ayame Audit Corporation (current) May 2025 Statutory Auditor of the Company (current)

1971-09-08

Large Shareholding Reports