Hibino Corporation (2469) AI Stock Analysis

• Market Cap: ¥31.74B
• Dividend Yield: 2.4%
• Average Volume (3M): 28.72K
• Price to Earnings (P/E): 14.3
• Beta (1Y): 1.06
• Revenue Growth: 13.49%
• EPS Growth: 9.05%
• Country: JP
• Employees: 1,477
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): 82.75
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: ¥3,586.00 ▲(35.53% Upside)

Hibino Corporation's overall stock score is driven by strong financial performance, particularly in revenue growth and operational margins. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield. Technical analysis suggests neutral to slightly positive momentum, but the lack of strong directional indicators tempers the score.

Positive Factors

Revenue Growth

Sustained top-line growth (17.79% y/y) indicates durable demand for Hibino's AV and event services and supports scale economies. Over 2-6 months this growth can strengthen customer relationships, enable cross-selling, and provide headroom to invest in capacity and recurring service contracts.

Margin Profile

Healthy gross and EBITDA margins signal structural pricing power and operational efficiency in AV and production services. Sustained margins allow Hibino to fund technical investment and staffing for complex events, improving resilience to cyclical demand and supporting longer-term profitability.

Operating Cash Generation

High conversion of earnings to operating cash (OCF/NI 2.08) reflects earnings quality and strong working-capital management. Reliable cash from operations supports funding of event projects and maintenance capex, reducing dependency on frequent external financing over the medium term.

Negative Factors

Free Cash Flow Drop

An 81.56% decline in free cash flow materially reduces financial flexibility. Lower FCF after capex limits room to invest in growth initiatives, return cash to shareholders, or absorb project timing mismatches, raising the probability Hibino may need external funding within the next several quarters.

Moderate Leverage

Debt-to-equity of 1.67 and a sub-30% equity ratio leave the firm with elevated leverage. This structure increases interest and refinancing risk and limits capital flexibility, making Hibino more sensitive to revenue shocks or higher rates when bidding for large contracts or funding capex.

Low Net Profit Margin

A 2.90% net margin provides a thin earnings buffer against cost inflation or project overruns typical in event production. Low bottom-line conversion means even modest revenue swings can erode profitability, constraining ability to build retained earnings and invest in long-term differentiation.

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

Hibino Corporation demonstrates strong revenue growth and improving operational margins, contributing to a solid income statement performance. The balance sheet reflects moderate leverage and satisfactory ROE, but there is room for enhancing financial stability. Cash flow analysis shows healthy cash generation from operations, although declining free cash flow may pose challenges in funding future growth without additional financing.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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: Neutral
• STOCH: Neutral

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 3111.10, below the 50-day MA of 2924.24, and above the 200-day MA of 2581.60, indicating a bullish trend. The MACD of 91.22 indicates Negative momentum. The RSI at 64.70 is Neutral, neither overbought nor oversold. The STOCH value of 79.20 is Neutral, 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	70 Outperform	¥31.74B	14.27	―	2.40%	13.49%	9.05%
6794	69 Neutral	¥65.60B	15.42	―	2.73%	6.41%	16.71%
6632	66 Neutral	¥182.12B	9.85	13.53%	1.34%	0.48%	-1.86%
6810	66 Neutral	¥93.69B	18.88	―	1.99%	3.71%	-3.32%
8144	63 Neutral	¥7.74B	19.38	―	3.25%	-0.73%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6753	60 Neutral	¥463.18B	7.90	―	―	-10.88%	―