Hibino Corporation (2469) AI Stock Analysis

• Market Cap: ¥40.34B
• Dividend Yield: 2.4%
• Average Volume (3M): 28.72K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 1.09
• Revenue Growth: 13.49%
• EPS Growth: 9.05%
• Country: JP
• Employees: 1,477
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): 127.62
• Shares Outstanding: 10,265,480
• 10 Day Avg. Volume: 26,770
• 30 Day Avg. Volume: 28,723
• PEG Ratio: 2.40
• Price to Book (P/B): 2.08
• Price to Sales (P/S): 0.40
• P/FCF Ratio: 37.35
• 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): 284.9
• Revenue Forecast (FY): ¥68.15B

• Rating: 73 Outperform
• Price Target: ¥4,549.00 ▲(71.92% Upside)
• Action: Reiterated Date: 02/11/26
• Date: Action: Reiterated 02/11/26

Overall score is driven primarily by solid financial performance (strong growth and improving margins, offset by weakening free cash flow) and supportive valuation (low P/E with a moderate yield). Technicals are constructive but appear overextended, which moderates the final score.

Positive Factors

Revenue Growth

A 17.79% YoY revenue increase signals durable demand for Hibino’s AV and event services and expanding client penetration. Sustained top-line growth supports scale economics, better fixed-cost absorption and reinvestment capacity, underpinning medium-term market share and margin improvement.

Improving Margins

EBIT and EBITDA margins alongside a 35% gross margin indicate improving operational efficiency and favorable service economics. Consistent margin strength suggests the business can convert revenue into sustainable operating earnings, supporting reinvestment and resilience across industry cycles.

Cash Conversion / ROE

An OCF-to-net income ratio of 2.08 reflects strong cash generation quality relative to reported earnings, helping fund operations and obligations. Coupled with a reported ROE of ~15%, this points to underlying profitability that can support medium-term financial stability and capital returns if cash trends normalize.

Negative Factors

Free Cash Flow Drop

An 81.56% decline in free cash flow sharply reduces financial flexibility, constraining capex, dividend capacity and debt reduction. If prolonged, weak FCF can force higher borrowing or limit strategic investments, undermining long-term growth and resilience against revenue volatility.

Leverage / Capital Structure

Debt-to-equity of 1.67 and an equity ratio near 26% denote moderate leverage with a relatively thin equity cushion. This amplifies earnings volatility, increases refinancing and interest-rate risk, and limits strategic flexibility for M&A or downside protection over the medium term.

Thin Net Margin

A net margin of 2.90% shows limited bottom-line conversion despite healthy gross and EBITDA margins. Low final profitability makes earnings sensitive to cost inflation or pricing pressure and restricts retained earnings accumulation, posing a challenge for sustained shareholder returns without margin improvement.

Hibino Corporation Business Overview & Revenue Model

Company Description

Hibino Corporation (2469) is a Japan-based company specializing in the provision of audiovisual and information technology solutions. The company operates primarily in the sectors of communication systems, broadcasting equipment, and various related services. Hibino offers a range of products including professional audio and video equipment, as well as integrated solutions tailored for events, corporate settings, and educational institutions.

How the Company Makes Money

Hibino Corporation generates revenue through multiple streams including the sale of audiovisual equipment, installation services, and rental services for events. A significant portion of its income comes from providing comprehensive solutions that combine hardware and software for clients in various sectors. The company also fosters partnerships with leading technology manufacturers, allowing it to offer cutting-edge products and services. Additionally, Hibino capitalizes on the growing demand for digital transformation and remote communication solutions, which has been further accelerated by recent global trends.

Hibino Corporation Financial Statement Overview

Summary

Strong revenue growth (+17.79% from 2024 to 2025) and improving operating profitability (EBIT margin 6.42%, EBITDA margin 12.15%) support the score, but moderate leverage (Debt-to-Equity 1.67) and a sharp decline in free cash flow (-81.56%) temper overall financial strength.

Income Statement

Hibino Corporation has shown consistent revenue growth, with a notable increase of 17.79% from 2024 to 2025. Gross Profit Margin stands at 35.03%, while Net Profit Margin is 2.90% indicating moderate profitability. EBIT Margin is 6.42%, showing improvement in operational efficiency. Stable EBITDA Margin of 12.15% reflects strong earnings capability.

Balance Sheet

The company's Debt-to-Equity Ratio is 1.67, indicating moderate leverage. Return on Equity is 15.07%, showing good profitability relative to equity. The Equity Ratio of 25.91% suggests a balanced capital structure but room for improvement in financial stability.

Cash Flow

Operating Cash Flow to Net Income Ratio is 2.08, showing strong cash generation relative to net income. Free Cash Flow decreased significantly by 81.56% from 2024 to 2025, which could impact financial flexibility. Free Cash Flow to Net Income Ratio is 0.37, indicating limited cash available after capital expenditures.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	61.67B	59.47B	50.49B	41.92B	42.43B	30.52B
Gross Profit	22.01B	20.83B	17.56B	14.21B	13.49B	7.38B
EBITDA	7.99B	7.22B	6.16B	4.23B	4.86B	152.19M
Net Income	2.06B	1.72B	1.63B	607.57M	1.07B	-2.42B
Balance Sheet
Total Assets	43.69B	44.11B	40.83B	36.86B	30.91B	35.14B
Cash, Cash Equivalents and Short-Term Investments	4.11B	3.79B	4.33B	2.75B	3.58B	3.82B
Total Debt	19.36B	19.13B	17.18B	17.84B	12.73B	16.79B
Total Liabilities	31.31B	32.10B	29.94B	27.38B	22.00B	27.36B
Stockholders Equity	11.56B	11.43B	10.43B	9.12B	8.61B	7.56B
Cash Flow
Free Cash Flow	0.00	637.00M	3.46B	-5.25B	4.19B	-3.11B
Operating Cash Flow	0.00	3.59B	6.97B	-2.44B	6.02B	-1.10B
Investing Cash Flow	0.00	-4.84B	-4.20B	-3.06B	-1.90B	-2.17B
Financing Cash Flow	0.00	718.00M	-1.30B	4.55B	-4.44B	4.31B

Hibino Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2646.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2469, the sentiment is Positive. The current price of 2646 is below the 20-day moving average (MA) of 3533.25, below the 50-day MA of 3218.30, and below the 200-day MA of 2694.54, indicating a bullish trend. The MACD of 210.10 indicates Negative momentum. The RSI at 78.70 is Negative, neither overbought nor oversold. The STOCH value of 88.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2469.

Hibino Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2469	73 Outperform	¥40.34B	13.95	―	2.40%	13.49%	9.05%
6794	73 Outperform	¥69.65B	17.44	―	2.73%	6.41%	16.71%
6632	66 Neutral	¥196.15B	10.26	13.53%	1.34%	0.48%	-1.86%
6752	62 Neutral	$5.92T	29.16	6.73%	1.99%	-6.96%	-7.22%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6758	56 Neutral	$22.26T	-100.09	14.45%	0.55%	-2.86%	5.93%
6694	54 Neutral	¥2.77B	-1.63	―	4.68%	3.64%	37.31%