J-MAX Co.,Ltd. (3422) AI Stock Analysis

• Market Cap: ¥4.79B
• Dividend Yield: 0.93%
• Average Volume (3M): 4.99K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 0.77
• Revenue Growth: -5.00%
• EPS Growth: 22.33%
• Country: JP
• Employees: 1,427
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 11.64
• Shares Outstanding: 11,857,200
• 10 Day Avg. Volume: 4,400
• 30 Day Avg. Volume: 4,993
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 0.08
• P/FCF Ratio: -0.47
• 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: 54 Neutral
• Price Target: ¥416.00 ▼(-5.45% Downside)
• Action: Reiterated Date: 12/03/25
• Date: Action: Reiterated 12/03/25

J-MAX Co.,Ltd. has a mixed outlook with significant financial challenges, including declining revenues and profitability, which are the most impactful factors. Technical analysis shows positive momentum, but valuation concerns due to negative earnings weigh heavily on the overall score.

Positive Factors

Stable equity ratio

A relatively stable equity ratio indicates the company retains a balanced asset mix and shareholder buffer despite pressures. Over the next several months this moderates solvency risk, supports creditor confidence and provides a foundation for restructuring or incremental investment without immediate recapitalization.

Operating cash generation

Positive operating cash flow relative to net income shows the core business converts sales into cash, supporting working capital and debt service. This durable cash-generation ability helps sustain operations and funds near-term capex or restructuring needs without sole reliance on new financing.

Modest revenue growth metric

A positive revenue growth metric, albeit modest, suggests the top line is not collapsing and there is some demand resilience. Over a 2–6 month horizon persistent low single-digit growth supports recovery scenarios and gives management a platform to focus on margin and efficiency improvements.

Negative Factors

Negative profitability

Sustained negative net margins mean the company burns equity and cannot internally fund growth or absorb shocks. Over months this erodes retained earnings, pressures return on equity, and forces management to prioritize cost reductions or external financing to restore profitability.

Increased leverage

Rising debt-to-equity increases fixed interest obligations and reduces financial flexibility. Structurally, higher leverage raises refinancing and default risk if profitability and cash generation do not improve, limiting the company's ability to invest or pursue strategic initiatives over the medium term.

Declining free cash flow

A significant decline in free cash flow constrains the firm's ability to fund capex, pay down debt, or return capital. Persistently negative FCF typically forces reliance on external financing, hampers strategic flexibility and elevates risk of operational cutbacks if the trend persists over several quarters.

J-MAX Co.,Ltd. Business Overview & Revenue Model

Company Description

J-MAX Co.,Ltd. manufactures and sells automobile body and precision press parts in Japan and internationally. It offers auto body press parts, including auto body frameworks, such as front pillar inner lower and upper, side sill, roof side, rear and middle floor cross member, and center pillar inner products; safety reinforcing parts comprising front and rear bumpers; batteries and PCU covering parts for hybrid cars; and functional parts, including hood hinges, steering hunger beams, tailgate hinges, hood locks, fuel filler pipes, and hand brakes. The company also provides precision parts consisting of clutch drums and hubs, clutch pistons, planetary carriers, belt pulleys, and holder stators; and dies, such as hood outer draw type, center pillar inner trim type, front pillar lower stiffener scudding type, and precision/thickening dies. In addition, it offers jigs/QC inspection fixtures, including front door inner single inspection fixtures, front pillar comp inspection fixtures, front door inner comp inspection fixtures, and side sill comp jigs. The company was formerly known as MARUJUN Co., Ltd. J-MAX Co.,Ltd. was founded in 1952 and is headquartered in Ogaki, Japan.

How the Company Makes Money

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J-MAX Co.,Ltd. Financial Statement Overview

Summary

J-MAX Co.,Ltd. faces financial challenges with declining revenues and profitability. Increased leverage and negative free cash flow highlight potential risks. The company needs to address operational inefficiencies and manage debt levels to improve financial stability.

Income Statement

J-MAX Co.,Ltd. has experienced a decline in total revenue from 2024 to 2025, with a significant drop in gross profit margin from previous years. The net profit margin is negative, indicating losses, and EBIT and EBITDA margins have also decreased, reflecting operational challenges.

Balance Sheet

The company's debt-to-equity ratio has increased, suggesting higher leverage, which could pose financial risks. However, the equity ratio remains relatively stable, indicating a balanced asset structure. Return on equity has turned negative due to net losses.

Cash Flow

Free cash flow has significantly declined, indicating potential liquidity issues. The operating cash flow to net income ratio is positive, suggesting operational cash generation, but free cash flow to net income is negative, reflecting capital expenditure pressures.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	46.83B	47.10B	54.35B	52.36B	45.66B	44.82B
Gross Profit	3.27B	2.97B	4.27B	5.78B	5.79B	7.36B
EBITDA	4.25B	4.41B	5.72B	6.81B	6.53B	8.18B
Net Income	-2.68B	-3.28B	-1.03B	1.30B	2.00B	2.51B
Balance Sheet
Total Assets	56.41B	55.72B	51.92B	49.11B	46.92B	44.91B
Cash, Cash Equivalents and Short-Term Investments	6.78B	6.57B	5.99B	6.13B	6.43B	9.35B
Total Debt	26.91B	25.08B	18.34B	14.96B	13.26B	14.96B
Total Liabilities	38.15B	36.11B	30.17B	26.73B	25.83B	27.28B
Stockholders Equity	16.70B	17.94B	19.91B	20.41B	18.21B	14.59B
Cash Flow
Free Cash Flow	0.00	-7.75B	-2.51B	-415.00M	-430.00M	6.11B
Operating Cash Flow	0.00	1.26B	3.90B	4.91B	2.98B	8.74B
Investing Cash Flow	0.00	-6.46B	-5.96B	-5.22B	-3.93B	-2.52B
Financing Cash Flow	0.00	5.39B	1.95B	-174.00M	-2.92B	-6.76B

J-MAX Co.,Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 440.00
• 50DMA: Negative
• 100DMA: Negative
• 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:3422, the sentiment is Negative. The current price of 440 is above the 20-day moving average (MA) of 424.35, below the 50-day MA of 447.28, and above the 200-day MA of 384.58, indicating a neutral trend. The MACD of -9.80 indicates Positive momentum. The RSI at 41.03 is Neutral, neither overbought nor oversold. The STOCH value of 35.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3422.

J-MAX Co.,Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5189	75 Outperform	¥6.56B	5.89	―	2.64%	2.28%	41.72%
7217	68 Neutral	¥3.93B	-23.96	―	4.39%	9.38%	0.07%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
7215	59 Neutral	¥3.51B	10.65	―	―	-9.58%	―
7214	58 Neutral	¥5.09B	2.75	―	4.51%	0.61%	-453.99%
7297	57 Neutral	¥6.44B	3.20	―	3.44%	-7.72%	-311.30%
3422	54 Neutral	¥4.79B	9.42	―	0.93%	-5.00%	22.33%