Takamiya Co., Ltd. (2445) AI Stock Analysis

• Market Cap: ¥14.95B
• Dividend Yield: 1.25%
• Average Volume (3M): 112.40K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 0.72
• Revenue Growth: -0.68%
• EPS Growth: -34.22%
• Country: JP
• Employees: 1,327
• Sector: Industrials
• Sector Strength: 92
• Industry: Rental & Leasing Services
• EPS (TTM): 7.93
• Shares Outstanding: 46,585,600
• 10 Day Avg. Volume: 158,320
• 30 Day Avg. Volume: 112,400
• PEG Ratio: 0.27
• Price to Book (P/B): 0.99
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -18.85
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥347.00
• Price Target Upside: 8.10% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: ¥347.00 ▲(8.10%Upside)

The overall score is influenced primarily by bearish technical indicators and challenges in cash flow management. While the valuation is attractive, the financial performance and technical analysis present significant concerns that weigh down the overall score.

Takamiya Co., Ltd. Business Overview & Revenue Model

Company Description

Takamiya Co., Ltd. (2445) is a Japan-based company primarily engaged in the construction equipment business. The company manufactures and sells temporary equipment and materials for construction works, including scaffolding, temporary enclosures, and other related products. It operates through various segments, including the sale and rental of construction equipment, and is known for its innovative designs and comprehensive safety solutions tailored to the construction industry.

How the Company Makes Money

Takamiya Co., Ltd. generates revenue through multiple streams, primarily focusing on the sale and rental of construction equipment and materials. The company offers a wide range of products, including scaffolding systems, temporary enclosures, and other construction-related equipment. Revenue is derived from both direct sales to construction companies and rental services, where equipment is leased for specific projects. Additionally, the company may engage in strategic partnerships and collaborations to expand its market reach and enhance its product offerings, further contributing to its financial performance.

Takamiya Co., Ltd. Financial Statement Overview

Summary

Takamiya Co., Ltd. shows stable financial health with strengths in gross profitability and a reasonable balance sheet. However, declining net income and negative cash flows indicate challenges in operational efficiency and cash management.

Income Statement

The income statement shows moderate performance with consistent revenue figures, though there is a slight decline in total revenue for the latest period. Gross profit margins hover around 32% to 33%, indicating stable profitability from core operations. However, net profit margins have decreased, reflecting pressure on overall profitability. EBIT and EBITDA margins suggest decent operational efficiency, though recent declines in EBIT raise concerns about cost management.

Balance Sheet

The balance sheet is relatively strong with a debt-to-equity ratio of approximately 1.77, indicating moderate leverage. Stockholders' equity has shown steady growth, enhancing financial stability. However, the equity ratio stands at around 30%, suggesting a balanced approach to financing with potential for improvement in equity levels. Overall, the company maintains reasonable financial health, but cautious debt management is advisable.

Cash Flow

Cash flow analysis reveals challenges in generating positive operating cash flow, with recent periods showing negative figures. Free cash flow is also negative, pointing to difficulties in managing capital expenditures and funding operations internally. The free cash flow to net income ratio is unfavorable, suggesting inefficiencies in cash conversion. Despite these concerns, financing activities have supported liquidity, albeit through increased leverage.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	44.28B	43.83B	44.13B	41.89B	39.80B	38.81B
Gross Profit	14.29B	14.12B	14.43B	12.59B	11.18B	11.00B
EBITDA	6.33B	7.90B	8.84B	7.39B	6.47B	6.46B
Net Income	1.03B	1.23B	1.89B	1.46B	965.00M	857.00M
Balance Sheet
Total Assets	73.43B	75.08B	68.94B	62.75B	59.08B	56.45B
Cash, Cash Equivalents and Short-Term Investments	8.35B	8.84B	7.79B	8.30B	8.84B	8.03B
Total Debt	38.62B	39.64B	32.54B	28.65B	27.26B	27.15B
Total Liabilities	51.60B	52.49B	46.79B	42.23B	39.75B	37.69B
Stockholders Equity	21.66B	22.40B	21.95B	20.33B	19.16B	18.61B
Cash Flow
Free Cash Flow	0.00	-3.74B	-3.70B	-1.06B	1.27B	3.64B
Operating Cash Flow	0.00	-585.00M	-180.00M	-14.00M	4.29B	5.04B
Investing Cash Flow	0.00	-4.54B	-3.19B	-1.21B	-2.98B	-1.38B
Financing Cash Flow	0.00	6.15B	2.80B	398.00M	-588.00M	-2.87B

Takamiya Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 321.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2445, the sentiment is Negative. The current price of 321 is below the 20-day moving average (MA) of 329.35, below the 50-day MA of 341.60, and below the 200-day MA of 387.67, indicating a bearish trend. The MACD of -6.05 indicates Negative momentum. The RSI at 46.12 is Neutral, neither overbought nor oversold. The STOCH value of 67.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2445.

Takamiya Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9908	81 Outperform	¥24.51B	7.98		4.51%	11.70%	2.18%
7065	76 Outperform	¥6.05B	14.46		1.90%	0.13%	-38.34%
7081	73 Outperform	¥11.92B	7.93		1.86%	2.12%	-6.76%
9763	71 Outperform	¥10.12B	7.93		4.28%	6.95%	4.92%
Sector *	67 Neutral	£2.83B	10.37	4.69%	3.46%	2.40%	-24.53%
2445	57 Neutral	¥14.95B	12.05		1.25%	-0.68%	-34.22%
9223	52 Neutral	¥7.53B	59.05		0.33%	12.70%	-111.73%

Takamiya Co., Ltd. Corporate Events

Takamiya Co., Ltd. Secures Loan Agreement with Financial Covenants

Takamiya Co., Ltd. has entered into a monetary loan agreement with a syndicate of city banks to ensure stable and efficient procurement of capital equipment. The agreement includes financial covenants that require the company to maintain a certain level of net assets and avoid consecutive fiscal losses, with the impact on the company’s financial results expected to be minor.

Takamiya Co., Ltd. Announces Executive Officer Changes

Takamiya Co., Ltd. announced a change in its executive officers, effective June 25, 2025. Tetsuya Aoki has been promoted to Senior Executive Officer, while Eizo Aihara will assume the role of Senior Executive Officer, reflecting a strategic realignment in the company’s leadership to enhance its operational efficiency and market positioning.

Takamiya Co., Ltd. Revises Financial Results for FY2025

Takamiya Co., Ltd. announced corrections to its Consolidated Financial Results for the year ended March 31, 2025, initially released on May 13, 2025. The corrections were made due to errors in the comprehensive income statement, impacting figures such as comprehensive income and other comprehensive income. These adjustments reflect a slight decrease in comprehensive income for the fiscal year 2025, which may influence stakeholders’ perceptions of the company’s financial health and operational performance.

Takamiya Co., Ltd. Submits Compliance Plan for Prime Market Listing

Takamiya Co., Ltd. has announced that it did not meet the market capitalization criteria for tradable shares required for its listing on the Tokyo Stock Exchange Prime Market as of March 31, 2025. In response, the company has submitted a plan to achieve compliance by March 2026, with potential consequences including being designated as ‘Securities Under Surveillance’ or delisting if compliance is not met. The company is considering alternative options to mitigate shareholder concerns.

Takamiya Co., Ltd. Announces Change of Independent Auditor

Takamiya Co., Ltd. announced a change in its independent auditor, transitioning from Ernst & Young ShinNihon LLC to Ark LLC, effective June 25, 2025. This decision was made to ensure efficient audits that align with the company’s business conditions and future environmental changes, after considering the prolonged tenure of the current auditor and the appropriateness of their audit response.

Takamiya Revises Medium-Term Business Plan Targets Amid Challenges

Takamiya Co., Ltd. has revised its numerical targets for the fiscal year ending March 31, 2027, due to underperformance in the initial year of its Medium-Term Business Plan 2024-2026. The company faced challenges such as labor shortages, rising costs, and delays in project commencements and service adoption, impacting its revenue base. Despite these setbacks, Takamiya remains committed to its management vision and fundamental policies, focusing on the growth potential of its platform business and enhancing corporate value over the medium to long term.

Takamiya Co., Ltd. Reports Decline in Financial Performance but Increases Dividends

Takamiya Co., Ltd. reported a decline in its financial performance for the fiscal year ended March 31, 2025, with net sales slightly decreasing by 0.7% and significant drops in operating and ordinary profits by 39.4% and 48.1%, respectively. Despite the challenging financial results, the company increased its annual dividend per share from 14.00 yen to 16.00 yen, indicating a commitment to returning value to shareholders.