KEIWA Incorporated (4251) AI Stock Analysis

• Market Cap: ¥23.10B
• Dividend Yield: 2.74%
• Average Volume (3M): 86.33K
• Price to Earnings (P/E): 7.9
• Beta (1Y): 0.99
• Revenue Growth: 6.23%
• EPS Growth: 82.47%
• Country: JP
• Employees: 419
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 39.83
• Shares Outstanding: 19,285,152
• 10 Day Avg. Volume: 64,300
• 30 Day Avg. Volume: 86,333
• PEG Ratio: -0.66
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 1.14
• P/FCF Ratio: 37.79
• 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): 178.4
• Revenue Forecast (FY): ¥20.70B

• Rating: 70 Outperform
• Price Target: ¥1,329.00 ▲(6.15% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is driven primarily by solid underlying financial quality (especially a conservative, improving balance sheet and healthy margins) and supportive valuation (low P/E and ~3.3% yield). Offsetting these positives are weaker cash-flow consistency and mixed/soft technical momentum with the price below key short- to mid-term moving averages.

Positive Factors

Conservative balance sheet

KEIWA’s very low and falling leverage plus materially grown equity create durable financial flexibility. A conservative capital structure reduces refinancing risk, supports investment or dividend policy through cycles, and strengthens resilience to demand shocks over months.

Negative Factors

Volatile free cash flow

Material FCF volatility undermines the company’s ability to consistently fund dividends, buybacks or incremental investment from operations. Even with positive operating cash flow, unpredictable FCF raises structural risk around capital returns and balance sheet reinvestment planning.

KEIWA Incorporated Business Overview & Revenue Model

Company Description

KEIWA Incorporated manufactures and sells optical sheets and functional products in Japan. The company provides light diffusion sheets used in backlight units of liquid crystal displays of smartphones; components for special optical films, such as...

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KEIWA Incorporated manufactures and sells optical sheets and functional products in Japan. The company provides light diffusion sheets used in backlight units of liquid crystal displays of smartphones; components for special optical films, such as...

KEIWA Incorporated Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.40B	20.47B	21.13B	17.57B	21.10B	18.13B
Gross Profit	9.86B	8.78B	9.88B	7.24B	10.19B	7.21B
EBITDA	5.62B	6.39B	5.69B	4.38B	8.26B	4.67B
Net Income	1.91B	2.27B	2.79B	1.98B	4.86B	2.57B
Balance Sheet
Total Assets	29.97B	30.95B	32.32B	29.59B	29.33B	28.77B
Cash, Cash Equivalents and Short-Term Investments	9.52B	9.38B	11.44B	8.65B	10.29B	9.03B
Total Debt	2.50B	2.07B	3.33B	3.97B	4.77B	6.19B
Total Liabilities	8.12B	7.08B	9.36B	9.23B	10.43B	14.62B
Stockholders Equity	21.84B	23.86B	22.96B	20.36B	18.91B	14.15B
Cash Flow
Free Cash Flow	0.00	615.72M	3.71B	-520.21M	2.19B	-457.81M
Operating Cash Flow	0.00	3.55B	5.92B	2.45B	6.76B	2.18B
Investing Cash Flow	0.00	-3.03B	-2.72B	-3.91B	-4.00B	-2.27B
Financing Cash Flow	0.00	-2.72B	-1.35B	-1.55B	-1.68B	4.95B

KEIWA Incorporated Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1252.00
• 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:4251, the sentiment is Negative. The current price of 1252 is above the 20-day moving average (MA) of 1246.50, below the 50-day MA of 1300.56, and above the 200-day MA of 1183.33, indicating a neutral trend. The MACD of -31.51 indicates Positive momentum. The RSI at 43.18 is Neutral, neither overbought nor oversold. The STOCH value of 35.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4251.

KEIWA Incorporated Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6850	80 Outperform	¥26.54B	13.32	―	2.89%	6.15%	2.98%
6626	73 Outperform	¥26.26B	7.34	―	1.78%	4.47%	12.28%
6653	72 Outperform	¥29.91B	15.64	―	1.91%	3.14%	11.04%
6874	72 Outperform	¥22.33B	7.24	―	2.84%	8.78%	16.25%
4251	70 Outperform	¥23.10B	7.86	―	2.74%	6.23%	82.47%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6986	55 Neutral	¥27.91B	3.47	0.31%	1.75%	-14.20%	―

KEIWA Incorporated Corporate Events