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

• Market Cap: ¥19.28B
• Dividend Yield: 3.33%
• Average Volume (3M): 156.40K
• Price to Earnings (P/E): 9.0
• Beta (1Y): 0.78
• Revenue Growth: -1.56%
• EPS Growth: -3.60%
• Country: JP
• Employees: 1,327
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 11.78
• Shares Outstanding: 46,585,600
• 10 Day Avg. Volume: 88,380
• 30 Day Avg. Volume: 156,403
• PEG Ratio: -0.42
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 0.40
• P/FCF Ratio: -4.74
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ¥438.00 ▲(3.79% Upside)
• Action: Upgraded Date: 11/28/25
• Date: Action: Upgraded 11/28/25

The overall stock score of 70 reflects strong technical momentum and reasonable valuation, offset by financial performance challenges. The stock's bullish trend is a significant positive, though caution is advised due to overbought signals and financial inefficiencies.

Positive Factors

Stable gross margins

Consistently mid-30% gross margins signal durable profitability in core rental and leasing operations. That margin stability supports long-term cash generation potential from operations, provides a buffer against demand variability, and underpins reinvestment capacity if cash conversion improves.

Reasonable balance sheet

Moderate leverage combined with steady growth in shareholder equity provides a degree of financial stability. This structure supports ongoing operations and access to financing, enabling the company to weather cyclical stress and pursue measured growth without excessive dilution.

Revenue stability

Low but positive revenue growth and consistent top-line figures indicate stable underlying demand for its rental and leasing services. Predictable revenues support operational planning and, coupled with decent EBIT/EBITDA margins, suggest the business model generates recurring cash flows over time if cash conversion is addressed.

Negative Factors

Weak cash generation

Persistent negative operating and free cash flows materially weaken the firm's ability to self-fund capex, service debt, and pay shareholders. Over months this increases reliance on external financing, elevates refinancing risk, and constrains strategic flexibility for fleet renewal or growth investments.

Declining net profitability

Falling net margins and declining net income reduce retained earnings and limit reinvestment capacity. If driven by rising costs or margin compression, this trend can erode competitive positioning and hamper long-term returns unless operational efficiencies or pricing power are restored.

Moderate leverage

A debt-to-equity ratio near 1.77 and ~30% equity ratio imply limited balance-sheet cushion. Combined with negative cash flow, leverage magnifies financial strain, increases interest exposure, and limits the company’s ability to invest or absorb shocks without raising costly capital or cutting strategic initiatives.

Takamiya Co., Ltd. Business Overview & Revenue Model

Company Description

Takamiya Co., Ltd. sells and rents temporary equipment and materials for the construction sites in Japan and internationally. The company offers temporary equipment, which includes YT lock system that can be erected along slopes, as well as used as a gantry; Iq System, a next-generation scaffolding system with high safety at large working space; clamps, a bolted fastening-type metal fittings parts of temporary equipment; G Walk, a catwalk panel with fewer gaps to prevent stumbling and falling objects; dimple post X, which protects the safety and lives of workers while they are under the beams for work, including steel construction and ridge beam operations; spider panel, a panel-type hanging scaffolding that minimizes gaps, unevenness, and improves safety and workability; standing bear that enables safe assembly and disassembly; power frame, a wedge-type support system that fits the shape of a structure flexibly; lift climber, a mechanical scaffold for skyscrapers; and AL-speeder. It also provides environment equipment, such as tiger dam, a water bag for inundation measures replacing the sandbags; building and agricultural materials; and stainless steel column formworks. The company was formerly known as SRG Takamiya Co., Ltd. and changed its name to Takamiya Co., Ltd. in April 2019. Takamiya Co., Ltd. was incorporated in 1969 and is headquartered in Osaka, Japan.

How the Company Makes Money

Takamiya Co., Ltd. generates revenue through the sale of its packaging products and solutions to a diverse range of industries, including food and beverage, pharmaceuticals, and consumer goods. The company’s revenue model is based on direct sales to manufacturers and businesses requiring packaging materials. Key revenue streams include the sale of flexible packaging films, pouches, and sealing products, which are in high demand due to their essential role in preserving product quality and extending shelf life. Additionally, Takamiya may benefit from partnerships with major corporations in its target sectors, enhancing its distribution capabilities and market reach. Factors contributing to its earnings include the growing demand for sustainable packaging solutions and the company’s ability to innovate and adapt to market trends.

Takamiya Co., Ltd. Financial Statement Overview

Summary

Takamiya Co., Ltd. shows stable gross profitability and a reasonable balance sheet, but faces challenges with declining net income and negative cash flows. Improvements in operational efficiency and cash management are needed.

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	43.99B	43.83B	44.13B	41.89B	39.80B	38.81B
Gross Profit	14.32B	14.12B	14.43B	12.59B	11.18B	11.00B
EBITDA	7.95B	7.90B	8.84B	7.39B	6.47B	6.46B
Net Income	1.04B	1.23B	1.89B	1.46B	965.00M	857.00M
Balance Sheet
Total Assets	73.10B	75.08B	68.94B	62.75B	59.08B	56.45B
Cash, Cash Equivalents and Short-Term Investments	7.98B	8.84B	7.79B	8.30B	8.84B	8.03B
Total Debt	39.70B	40.02B	32.54B	28.65B	27.26B	27.15B
Total Liabilities	51.10B	52.49B	46.79B	42.23B	39.75B	37.69B
Stockholders Equity	21.82B	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: 422.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• 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 422 is below the 20-day moving average (MA) of 436.55, below the 50-day MA of 442.12, and above the 200-day MA of 383.32, indicating a neutral trend. The MACD of -9.45 indicates Positive momentum. The RSI at 40.24 is Neutral, neither overbought nor oversold. The STOCH value of 34.34 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
9699	79 Outperform	¥124.06B	9.20	―	2.85%	8.02%	4.39%
7081	76 Outperform	¥14.66B	7.37	―	3.03%	5.72%	60.38%
2445	70 Outperform	¥19.28B	8.97	―	3.33%	-1.56%	-3.60%
8596	68 Neutral	¥33.25B	8.57	―	4.66%	-13.01%	9.74%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
5834	58 Neutral	¥46.95B	6.79	―	3.90%	0.17%	58.30%

Takamiya Co., Ltd. Corporate Events

Takamiya Applies to Shift Listing to TSE Standard Market Amid Capitalization Shortfall

Takamiya Co., Ltd. has applied to move its listing from the Tokyo Stock Exchange Prime Market to the Standard Market, acknowledging that it is unlikely to meet the Prime Market’s free-float market capitalization requirement of ¥10 billion by the March 2026 deadline. Despite initiatives such as business structure reform through its Platform Business, ROIC-based management, and enhanced IR and shareholder return policies, the company expects continued shortfall against the Prime listing maintenance standard.

Management concluded that remaining on the Prime Market was not feasible within the current improvement period and opted for the Standard Market, which still requires a certain level of governance and liquidity. From this new segment, Takamiya plans to address its management challenges, reinforce its business foundation, and pursue medium- to long-term corporate value growth while continuing to strengthen communications with shareholders and investors.

The most recent analyst rating on (JP:2445) stock is a Hold with a Yen480.00 price target. To see the full list of analyst forecasts on Takamiya Co., Ltd. stock, see the JP:2445 Stock Forecast page.

Takamiya Lifts Nine-Month Profit, Keeps Confident Outlook and Dividend Plan

Takamiya reported consolidated net sales of ¥32.8 billion for the nine months ended December 31, 2025, a modest 1.4% increase year on year, but significantly boosted profitability with operating profit up 58.0% to ¥2.08 billion and profit attributable to owners rising 28.9% to ¥1.12 billion. Earnings per share improved to ¥24.40, equity and total assets edged higher, and the company maintained its dividend plan of ¥16 per share for the fiscal year while keeping its full-year forecast unchanged, targeting 9.8% sales growth and a 42.5% jump in operating profit, signaling confidence in sustained earnings recovery.

The balance sheet remained stable with total assets of ¥75.5 billion and an equity-to-asset ratio of 29.4%, supported by slightly higher net assets and a small reduction in treasury shares, indicating incremental strengthening of financial position. With no changes to consolidation scope, accounting policies, or dividend and earnings outlook, management is emphasizing stability and predictable shareholder returns as profits rebound from the prior year’s weak performance.

The most recent analyst rating on (JP:2445) stock is a Hold with a Yen480.00 price target. To see the full list of analyst forecasts on Takamiya Co., Ltd. stock, see the JP:2445 Stock Forecast page.

Takamiya Reshapes Executive Lineup to Bolster Global Trading Operations

Takamiya Co., Ltd. announced changes to its executive officer structure following a Board of Directors meeting on February 2, 2026, appointing Hidehiko Yamashita as Senior Executive Officer and General Manager of the Global Trading Department within the Sales & Marketing Division. The company also reassigned Executive Officer Takamoto Takamiya to serve as Deputy General Manager of the Global Trading Department in the Sales & Marketing Division and Deputy Division General Manager of the Takamiya Lab Division, signaling an internal realignment of leadership aimed at strengthening global trading and overseas business functions.

The most recent analyst rating on (JP:2445) stock is a Hold with a Yen480.00 price target. To see the full list of analyst forecasts on Takamiya Co., Ltd. stock, see the JP:2445 Stock Forecast page.