Hamee Corp. (3134) AI Stock Analysis

• Market Cap: ¥23.12B
• Dividend Yield: 1.53%
• Average Volume (3M): 60.72K
• Price to Earnings (P/E): 18.9
• Beta (1Y): 0.53
• Revenue Growth: 25.08%
• EPS Growth: -11.43%
• Country: JP
• Employees: 463
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 1.61
• Shares Outstanding: 16,328,100
• 10 Day Avg. Volume: 88,950
• 30 Day Avg. Volume: 60,723
• 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: ¥1,304.00
• Price Target Upside: -10.01% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: ¥1,304.00 ▼(-10.01% Downside)

Hamee Corp.'s stock is supported by strong technical momentum and reasonable valuation, despite challenges in financial performance related to profit margins and cash flow. The absence of earnings call and corporate events data limits further insights.

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 phone accessories and character goods, which are marketed both domestically and internationally. The company's revenue model is largely based on retail sales, including online and brick-and-mortar stores, as well as wholesale distribution to other retailers. Key revenue streams include direct sales from Hamee's e-commerce platform and partnerships with other online marketplaces. Additionally, Hamee benefits from collaborations with popular brands and franchises, which drive consumer interest and increase sales of licensed character merchandise. The company's ability to innovate and adapt to changing consumer preferences also plays a significant role in its financial performance.

Hamee Corp. Financial Statement Overview

Summary

Hamee Corp. shows strong revenue growth and operational efficiency, but faces challenges in maintaining profit margins and cash flow stability. The balance sheet reflects moderate leverage, which has increased over time. The company should focus on improving cash flow conversion and managing cost pressures to sustain profitability.

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	22.17B	22.90B	17.61B	14.04B	13.41B	12.36B
Gross Profit	13.05B	13.50B	10.87B	8.48B	8.52B	7.56B
EBITDA	3.11B	2.84B	2.82B	2.20B	3.10B	2.67B
Net Income	1.49B	1.28B	1.12B	945.38M	1.74B	1.56B
Balance Sheet
Total Assets	18.20B	16.97B	14.51B	12.32B	10.52B	8.34B
Cash, Cash Equivalents and Short-Term Investments	4.20B	4.99B	4.02B	3.54B	4.03B	3.35B
Total Debt	3.93B	3.85B	2.18B	1.30B	543.85M	104.07M
Total Liabilities	7.55B	6.40B	4.36B	3.36B	2.27B	1.81B
Stockholders Equity	10.64B	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: Positive
• Last Price: 1449.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3134, the sentiment is Positive. The current price of 1449 is above the 20-day moving average (MA) of 1402.70, above the 50-day MA of 1331.66, and above the 200-day MA of 1268.40, indicating a bullish trend. The MACD of 28.02 indicates Negative momentum. The RSI at 63.96 is Neutral, neither overbought nor oversold. The STOCH value of 82.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3134.

Hamee Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2674	81 Outperform	25.78B	11.71	12.67%	4.09%	8.63%	-3.75%
3134	72 Outperform	¥23.12B	18.89	―	1.53%	25.08%	-11.43%
3179	67 Neutral	23.99B	18.65	19.87%	3.20%	-0.24%	-45.59%
2769	40 Underperform	8.02B	-1.89	-226.87%	―	0.66%	-236.09%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Hamee Corp. Corporate Events

Hamee Corp. Approves Strategic Spin-off of NE Inc. Shares

Hamee Corp. announced the approval of key proposals at its 27th Ordinary General Meeting of Shareholders, including the distribution of NE Inc. shares, a subsidiary involved in e-commerce support and SaaS, to shareholders as dividends in kind. This strategic move is designed to accelerate business strategies and promote growth, contingent upon NE’s successful listing on the Tokyo Stock Exchange, which will potentially enhance shareholder value and strengthen Hamee’s industry positioning.

Hamee Corp. Announces Disposal of Treasury Stock as Restricted Stock Awards

Hamee Corp. has announced a resolution to dispose of 17,600 shares of treasury stock as restricted stock awards to its directors, officers, and managers. This move is part of a compensation plan aimed at enhancing corporate value by aligning the interests of the company’s leadership with shareholder value. The plan includes a three-year transfer restriction period to ensure sustainable corporate growth and value sharing with stakeholders.

Hamee Corp. Announces Spin-off of NE Inc. to Shareholders

Hamee Corp. announced a strategic move to distribute all shares of its subsidiary, NE Inc., to its shareholders through a dividend in kind, effectively spinning off the subsidiary. This decision aims to streamline operations and potentially enhance shareholder value, reflecting a significant shift in the company’s strategic direction.

Hamee Corp. Announces Strategic Spin-off of NE Inc.

Hamee Corp. announced a strategic spin-off of its subsidiary NE Inc., distributing shares to its shareholders as dividends in kind. This move aims to enhance shareholder value by allowing NE Inc. to operate independently, potentially increasing its market valuation and growth prospects. The spin-off is expected to streamline decision-making and improve operational efficiency, with NE Inc. seeking a listing on the Tokyo Stock Exchange to facilitate trading opportunities for shareholders.

Hamee Corp. Announces Year-End Dividend Distribution

Hamee Corp. has announced a resolution to distribute a year-end dividend of JPY22.50 per share, with a total payout of JPY358 million, sourced from retained earnings. The decision aligns with their policy of ensuring shareholder returns by balancing business growth, financial health, and internal reserves, maintaining a dividend payout ratio of 20% or more.

Hamee Corp. Exceeds Earnings Forecasts Despite Extraordinary Loss

Hamee Corp. reported a discrepancy between its forecasted and actual earnings for the fiscal year ending April 2025, with net sales, operating profit, and ordinary profit exceeding expectations despite a decrease in net profit attributable to owners due to an extraordinary loss. The Commerce segment saw significant growth due to successful product strategies and marketing efforts, while the Platform segment exceeded profit expectations through improved profitability management.