Hibino Corporation (2469) AI Stock Analysis

• Market Cap: ¥39.40B
• Dividend Yield: 2.4%
• Average Volume (3M): 28.72K
• Price to Earnings (P/E): 5.6
• Beta (1Y): 1.02
• 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: 2.41
• 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: ¥4,443.00 ▲(67.91% 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

Consistent revenue growth

A near-18% annual revenue increase demonstrates sustained demand for Hibino's AV and event services. Durable top-line growth supports economies of scale, recurring project pipelines and reinvestment capacity, strengthening the business over the next several quarters.

Improving operating margins

Rising EBIT and a double-digit EBITDA margin indicate improving operational efficiency and pricing power in core services. Margin expansion supports cash flow generation and resilience to cost inflation, bolstering sustainable profitability.

Strong return on equity

A 15% ROE signals effective use of shareholders' capital and solid operating returns. This level of profitability supports long-term reinvestment, potential shareholder distributions and validates management's capital allocation choices.

Negative Factors

Sharp free cash flow decline

An 81.6% drop in free cash flow materially reduces financial flexibility for capex, dividends and M&A. If driven by working capital or higher capex, the weaker FCF can persist and force greater external financing or cuts to discretionary spending.

Moderate leverage and thin equity base

Debt-to-equity around 1.67 and a sub-30% equity ratio indicate meaningful leverage. This magnifies interest and refinancing risk, reduces financial resilience to demand shocks, and limits strategic optionality like acquisitions or aggressive buybacks.

Narrow net profit margin

A small 2.9% net margin despite healthy gross margin implies high SG&A or other operating/financial costs. Thin final margins limit retained earnings, reduce buffers against downturns and constrain the company's ability to convert revenue growth into durable cash profits.

Hibino Corporation Business Overview & Revenue Model

Company Description

Hibino Corporation, together with its subsidiaries, designs, sells, installs, and maintains audio equipment in Japan and internationally. The company also imports, sells, and designs sound system equipment; designs and installs architectural acoustics; develops, manufactures, and sells acoustic products; and provides sound and vibration, survey, and measurement consulting services. In addition, it plans, operates, and rents audio and video systems for concerts and events; dispatches operators and engineers related to audio and video equipment and systems; designs, sells, installs, and maintains lighting equipment for business use; and designs and installs industrial noise countermeasures. Further, the company develops, manufactures, and sells industrial noise control products; operates a live house under the Kennedy House Ginza name and a live music club; and sells LED displays and peripheral equipment. It primarily serves professionals and consumers, as well as movie theaters and halls. The company was formerly known as Hibino Electro Sound Inc. and changed its name to Hibino Corporation. Hibino Corporation was founded in 1964 and is headquartered in Tokyo, Japan.

How the Company Makes Money

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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	22.36B	21.18B	17.56B	14.21B	13.49B	7.38B
EBITDA	8.62B	7.93B	6.04B	4.10B	4.28B	-1.10B
Net Income	2.06B	1.72B	1.63B	607.57M	1.07B	-2.42B
Balance Sheet
Total Assets	43.69B	44.11B	40.95B	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	19.15B	19.13B	17.18B	17.84B	12.73B	16.79B
Total Liabilities	31.31B	32.10B	30.07B	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	3.57B	-5.12B	4.23B	-3.07B
Operating Cash Flow	0.00	3.59B	6.97B	-2.44B	6.02B	-1.10B
Investing Cash Flow	0.00	-4.84B	-4.20B	-3.05B	-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: Neutral
• Last Price: 2646.00
• 50DMA: Positive
• 100DMA: Positive
• 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:2469, the sentiment is Neutral. The current price of 2646 is below the 20-day moving average (MA) of 4044.75, below the 50-day MA of 3559.64, and below the 200-day MA of 2829.08, indicating a neutral trend. The MACD of 175.26 indicates Positive momentum. The RSI at 53.56 is Neutral, neither overbought nor oversold. The STOCH value of 46.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	¥39.40B	5.65	―	2.40%	13.49%	9.05%
6794	73 Outperform	¥66.18B	23.18	―	2.73%	6.41%	16.71%
6632	66 Neutral	¥176.54B	8.81	13.53%	1.34%	0.48%	-1.86%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6752	57 Neutral	$6.07T	-69.04	4.25%	1.99%	-6.96%	-7.22%
6758	56 Neutral	¥19.99T	-5.95	14.45%	0.55%	-2.86%	5.93%
6694	54 Neutral	¥2.78B	-1.57	―	4.68%	3.64%	37.31%