Ichikawa Co., Ltd. (JP:3513)
:3513
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Ichikawa Co., Ltd.
(3513)
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Rating:79Outperform
Price Target:
¥3,958.00
▲(37.67% Upside)
Action:ReiteratedDate:03/06/26
The score is driven primarily by strong financial performance (solid profitability and a low-leverage balance sheet) and supported by attractive valuation (low P/E with a dividend). Technicals are positive due to a strong uptrend, though elevated RSI/Stoch suggest momentum may be stretched.
Positive Factors
Low leverage / strong balance sheet
A strong equity base and low debt-to-equity ratio provide durable financial resilience. This reduces refinancing and interest risk, preserves credit optionality for capex or M&A, and allows the company to withstand cyclical industry swings while maintaining investment and shareholder policies.
Negative Factors
Recent revenue decline
A reported revenue decline of roughly 17% indicates weakening top-line momentum. If sustained, this can constrain operating leverage, reduce cash generation and pressure margins. For a cyclical paper/lumber business, prolonged revenue contraction undermines reinvestment plans and long-term growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A strong equity base and low debt-to-equity ratio provide durable financial resilience. This reduces refinancing and interest risk, preserves credit optionality for capex or M&A, and allows the company to withstand cyclical industry swings while maintaining investment and shareholder policies.
Read all positive factors
Ichikawa Co., Ltd. (3513) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥17.21B
Dividend Yield3.04%
Average Volume (3M)4.56K
Price to Earnings (P/E)8.7
Beta (1Y)0.46
Revenue Growth4.92%
EPS Growth32.29%
CountryJP
Employees673
SectorBasic Materials
Sector Strength58
IndustryPaper, Lumber & Forest Products
Share Statistics
EPS (TTM)N/A
Shares Outstanding4,967,151
10 Day Avg. Volume4,540
30 Day Avg. Volume4,556
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)0.37
Price to Sales (P/S)0.59
P/FCF Ratio16.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ichikawa Co., Ltd. Business Overview & Revenue Model
Company Description
Ichikawa Co., Ltd. manufactures and sells paper making equipment and industrial felts in Japan and internationally. It offers paper making press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant convey...
How the Company Makes Money
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Ichikawa Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.08B | 13.95B | 13.60B | 13.34B | 12.36B | 11.60B |
| Gross Profit | 6.09B | 6.02B | 5.94B | 5.43B | 4.66B | 4.28B |
| EBITDA | 2.34B | 2.19B | 2.17B | 2.06B | 1.77B | 1.57B |
| Net Income | 939.00M | 782.00M | 1.02B | 833.00M | 523.00M | 369.60M |
Balance Sheet | ||||||
| Total Assets | 29.68B | 29.47B | 29.24B | 26.64B | 25.73B | 25.29B |
| Cash, Cash Equivalents and Short-Term Investments | 6.11B | 6.40B | 6.71B | 5.78B | 4.45B | 3.63B |
| Total Debt | 946.00M | 925.00M | 909.00M | 941.00M | 979.07M | 1.03B |
| Total Liabilities | 7.40B | 7.20B | 7.88B | 7.13B | 6.96B | 6.79B |
| Stockholders Equity | 22.27B | 22.26B | 21.35B | 19.50B | 18.75B | 18.49B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 501.00M | 1.43B | 1.49B | 1.12B | 348.33M |
| Operating Cash Flow | 0.00 | 1.40B | 1.99B | 1.73B | 1.58B | 1.72B |
| Investing Cash Flow | 0.00 | -1.12B | -520.00M | -103.00M | -457.15M | -1.02B |
| Financing Cash Flow | 0.00 | -622.00M | -672.00M | -369.00M | -363.55M | -395.86M |
Ichikawa Co., Ltd. Technical Analysis
Positive
2875.00
Price Trends
3575.44
Positive
3040.00
Positive
2442.77
Positive
Market Momentum
39.11
Positive
53.40
Neutral
66.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3513, the sentiment is Positive. The current price of 2875 is below the 20-day moving average (MA) of 3770.76, below the 50-day MA of 3575.44, and above the 200-day MA of 2442.77, indicating a neutral trend. The MACD of 39.11 indicates Positive momentum. The RSI at 53.40 is Neutral, neither overbought nor oversold. The STOCH value of 66.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3513.
Ichikawa Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥17.21B | 8.69 | ― | 3.04% | 4.92% | 32.29% | |
64 Neutral | ¥61.31B | 8.00 | ― | 2.67% | 6.26% | -11.38% | |
64 Neutral | ¥9.11B | 7.60 | ― | 1.90% | -0.17% | -37.01% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ¥4.26B | -10.91 | ― | ― | 11.79% | -1.56% | |
58 Neutral | ¥24.97B | 47.50 | ― | 3.72% | -2.18% | -77.82% | |
56 Neutral | ¥16.27B | 19.12 | ― | 1.42% | 1.30% | -33.10% |
* Basic Materials Sector Average
JP:3513
Ichikawa Co., Ltd.
3,760.00
2,115.73
128.67%
JP:3708
Tokushu Tokai Paper Co., Ltd.
1,636.00
553.98
51.20%
JP:3877
Chuetsu Pulp & Paper Co., Ltd.
1,870.00
619.14
49.50%
JP:3878
Tomoegawa Corporation
901.00
308.09
51.96%
JP:3896
AWA PAPER & TECHNOLOGICAL COMPANY, Inc.
427.00
59.00
16.03%
JP:7487
OZU Corporation
1,939.00
226.44
13.22%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.