Hamee Corp. (3134) AI Stock Analysis

• Market Cap: ¥7.39B
• Dividend Yield: 2.05%
• Average Volume (3M): 80.87K
• Price to Earnings (P/E): 8.1
• Beta (1Y): 0.64
• Revenue Growth: 13.52%
• EPS Growth: -42.59%
• Country: JP
• Employees: 463
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 18.13
• Shares Outstanding: 16,328,100
• 10 Day Avg. Volume: 79,060
• 30 Day Avg. Volume: 80,866
• PEG Ratio: 1.08
• Price to Book (P/B): 1.80
• Price to Sales (P/S): 0.83
• P/FCF Ratio: 247.55
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ¥563.00 ▲(21.60% Upside)

Hamee Corp.'s overall stock score is driven by strong valuation metrics, indicating potential undervaluation. However, technical indicators suggest bearish momentum, and financial performance highlights challenges in maintaining profitability and cash flow stability. The lack of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates Hamee's ability to expand its market presence and adapt to consumer preferences, supporting long-term business sustainability.

Operational Efficiency

Strong operational efficiency suggests effective cost management and resource utilization, enhancing profitability and competitive positioning over time.

Product Innovation

Collaborations with popular brands drive consumer interest and sales, showcasing Hamee's innovative approach to product offerings and market relevance.

Negative Factors

Declining Profit Margins

Decreasing profit margins indicate potential cost pressures, which could impact profitability if not managed effectively, posing a risk to long-term financial health.

Rising Leverage

Increased leverage may limit financial flexibility and increase risk, potentially affecting the company's ability to invest in growth opportunities.

Cash Flow Challenges

Challenges in converting profits into cash could strain liquidity and hinder the company's ability to fund operations and strategic initiatives sustainably.

Hamee Corp. Business Overview & Revenue Model

Company Description

Hamee Corp. engages in the e-commerce and platform businesses in Japan and internationally. It is involved in the purchase and wholesale of mobile goods and smartphone accessories; and development and provision of Next Engine, a cloud-based back-end solution for e-commerce businesses. It also engages in the investment business. The company was formerly known as Macrowill Company. Hamee Corp. was founded in 1997 and is headquartered in Odawara, Japan.

How the Company Makes Money

Hamee Corp. generates revenue primarily through the sale of mobile accessories, including phone cases, screen protectors, and other protective gear for smartphones and tablets. The company operates both online and offline retail channels, allowing it to reach a broad customer base. Key revenue streams include direct sales through its e-commerce platform, partnerships with major retailers, and collaborations with mobile device manufacturers. Additionally, Hamee may benefit from licensing agreements and brand collaborations, further diversifying its income sources. The company's focus on product innovation and design also helps maintain a competitive edge in the market, contributing positively to its earnings.

Hamee Corp. Financial Statement Overview

Summary

Hamee Corp. shows strong revenue growth and operational efficiency, but faces challenges with declining profit margins and cash flow stability. The balance sheet indicates moderate leverage, which has increased over time.

Income Statement

Hamee Corp. has demonstrated strong revenue growth over the years, with a notable 10.83% increase in the latest year. However, the gross profit margin has slightly decreased from previous years, indicating potential cost pressures. The net profit margin has also declined, suggesting challenges in maintaining profitability. Despite these, the company maintains a healthy EBIT and EBITDA margin, reflecting operational efficiency.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, which has increased over the years, indicating rising leverage. However, the company maintains a solid return on equity, showcasing effective use of shareholder funds. The equity ratio remains stable, reflecting a balanced capital structure.

Cash Flow

Cash flow analysis reveals a concerning trend with a significant drop in free cash flow growth, although operating cash flow remains positive. The free cash flow to net income ratio has decreased, indicating potential challenges in converting profits into cash. The operating cash flow to net income ratio suggests adequate cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.61B	22.90B	17.61B	14.04B	13.41B	12.36B
Gross Profit	13.78B	13.50B	10.87B	8.48B	8.52B	7.56B
EBITDA	2.78B	2.84B	2.82B	2.20B	3.10B	2.67B
Net Income	1.20B	1.28B	1.12B	945.38M	1.74B	1.56B
Balance Sheet
Total Assets	16.42B	16.97B	14.51B	12.32B	10.52B	8.34B
Cash, Cash Equivalents and Short-Term Investments	4.17B	4.99B	4.02B	3.54B	4.03B	3.35B
Total Debt	3.85B	3.85B	2.18B	1.30B	543.85M	104.07M
Total Liabilities	5.98B	6.40B	4.36B	3.36B	2.27B	1.81B
Stockholders Equity	10.44B	10.57B	10.16B	8.96B	8.25B	6.53B
Cash Flow
Free Cash Flow	0.00	77.04M	409.19M	208.50M	168.55M	1.59B
Operating Cash Flow	0.00	860.37M	885.87M	695.04M	1.19B	1.94B
Investing Cash Flow	0.00	-922.04M	-876.80M	-1.51B	-886.46M	-412.08M
Financing Cash Flow	0.00	1.14B	379.93M	262.79M	298.06M	-1.74B

Hamee Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 463.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3134, the sentiment is Negative. The current price of 463 is below the 20-day moving average (MA) of 499.30, below the 50-day MA of 515.68, and below the 200-day MA of 520.95, indicating a bearish trend. The MACD of -16.44 indicates Positive momentum. The RSI at 41.22 is Neutral, neither overbought nor oversold. The STOCH value of 25.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3134.

Hamee Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2674	74 Outperform	¥27.95B	12.62	―	3.77%	7.88%	-5.92%
3134	67 Neutral	¥7.39B	8.10	―	2.05%	13.52%	-42.59%
3179	66 Neutral	¥21.75B	19.40	―	3.53%	-2.73%	-51.48%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2769	45 Neutral	¥7.61B	-1.91	―	―	-4.54%	-261.55%

Hamee Corp. Corporate Events

Hamee Corp. Completes Spin-off and Listing of NE Inc.

Hamee Corp. announced the successful listing of its former subsidiary, NE Inc., on the Tokyo Stock Exchange Growth Market, following a spin-off that made NE an independent entity. This move is expected to allow Hamee Corp. to focus on accelerating its growth and maximizing shareholder value without altering its financial forecasts for the fiscal year.

Hamee Corp. Adjusts Stock Rights Following NE Inc. Spin-off

Hamee Corp. announced an adjustment to the exercise price of its stock acquisition rights following the spin-off of its subsidiary, NE Inc. This adjustment, effective November 1, 2025, reflects the distribution of NE shares to shareholders and aligns with the issuance conditions of the stock rights. The move is expected to impact shareholder value and the company’s financial strategy.

Hamee Corp. Announces NE Inc. Spin-off and Share Issuance

Hamee Corp. has announced the terms for the issuance of new shares for its subsidiary, NE Inc., which will be listed on the Tokyo Stock Exchange. This move is part of a spin-off strategy aimed at fostering NE Inc.’s independence and accelerating growth, while Hamee Corp. maintains its financial forecasts for the fiscal year.

Hamee Corp. Revises Shareholder Benefits Amid NE Inc. Spin-off

Hamee Corp. announced changes to its Shareholder Benefit Program following the approval of a spin-off of its subsidiary, NE Inc., whose shares will be distributed to Hamee’s shareholders. This move, which follows the Tokyo Stock Exchange’s listing approval for NE shares, aims to enhance the attractiveness of investing in Hamee by revising its benefit program to focus on its core EC support and SaaS businesses.

Hamee Corp. Announces NE Inc.’s Listing Approval and Strategic Spin-off

Hamee Corp. has announced the Tokyo Stock Exchange’s approval for listing its subsidiary, NE Inc., marking a significant step in its strategic spin-off plan. This move aims to enhance NE Inc.’s business independence and growth potential, impacting Hamee’s consolidated earnings forecasts and dividend projections for the fiscal year ending April 30, 2026.

Hamee Corp. Reports Q1 FY04/26 Financial Results and Announces Spin-Off Approval

Hamee Corp. reported its consolidated financial results for Q1 FY04/26, showing a 15.5% increase in net sales compared to the previous year. However, the company experienced a decline in operating income, ordinary income, and net profit attributable to owners of the parent, with decreases of 23.4%, 51.7%, and 74.6% respectively. The company has received approval for a Spin-Off of shares of its subsidiaries, which could impact future financial forecasts.