HIMACS, Ltd. (JP:4299)
:4299
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HIMACS, Ltd.
(4299)
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Rating:73Outperform
Price Target:
¥1,371.00
▲(6.28% Upside)
Action:ReiteratedDate:03/31/26
The score is driven primarily by strong financial quality (notably a debt-free balance sheet) and reasonable profitability, supported by attractive valuation (P/E ~12.15 and ~3.36% dividend yield). These positives are tempered by weaker technical positioning with the stock trading below key moving averages and softer momentum indicators.
Positive Factors
Debt-free balance sheet
A zero-debt balance sheet delivers durable financial flexibility: lower refinancing and interest risks, greater ability to fund capex or M&A from internal resources, and stronger resilience in downturns. This structural strength supports long-term strategic optionality and preserves shareholder capital.
Negative Factors
Declining free cash flow growth
A near-term ~9% fall in free cash flow growth reduces internally available capital for reinvestment, dividends, or bolt-on M&A. Persisting negative FCF trends can erode the practical benefit of a debt-free balance sheet and may reflect working-capital drag or weaker cash conversion that affects durable cash returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt balance sheet delivers durable financial flexibility: lower refinancing and interest risks, greater ability to fund capex or M&A from internal resources, and stronger resilience in downturns. This structural strength supports long-term strategic optionality and preserves shareholder capital.
Read all positive factors
HIMACS, Ltd. (4299) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.73B
Dividend Yield3.56%
Average Volume (3M)11.68K
Price to Earnings (P/E)12.1
Beta (1Y)0.56
Revenue Growth3.96%
EPS Growth-3.68%
CountryJP
Employees930
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)26.95
Shares Outstanding11,000,000
10 Day Avg. Volume9,110
30 Day Avg. Volume11,683
Financial Highlights & Ratios
PEG Ratio1.19
Price to Book (P/B)1.25
Price to Sales (P/S)0.81
P/FCF Ratio19.91
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
HIMACS, Ltd. Business Overview & Revenue Model
Company Description
HIMACS, Ltd. provides defined valued processes for various system lifecycles in Japan. Its integrated services include consulting for system planning, as well as design, development, testing, and implementation, and systems maintenance. HIMACS, Lt...
How the Company Makes Money
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HIMACS, Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.21B | 18.07B | 17.36B | 17.33B | 16.68B | 15.43B |
| Gross Profit | 3.52B | 3.64B | 3.54B | 3.47B | 3.31B | 2.98B |
| EBITDA | 1.64B | 1.82B | 1.76B | 1.88B | 1.77B | 1.41B |
| Net Income | 1.17B | 1.29B | 1.18B | 1.29B | 1.21B | 937.00M |
Balance Sheet | ||||||
| Total Assets | 12.95B | 14.43B | 13.59B | 12.88B | 12.26B | 11.22B |
| Cash, Cash Equivalents and Short-Term Investments | 8.26B | 9.47B | 9.85B | 8.47B | 7.39B | 6.36B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.37B | 2.65B | 2.65B | 2.56B | 2.75B | 2.60B |
| Stockholders Equity | 10.59B | 11.78B | 10.94B | 10.31B | 9.51B | 8.62B |
Cash Flow | ||||||
| Free Cash Flow | 1.11B | 739.00M | 1.39B | 1.58B | 902.00M | 1.04B |
| Operating Cash Flow | 1.19B | 766.00M | 1.39B | 1.58B | 948.00M | 1.08B |
| Investing Cash Flow | -71.00M | -32.00M | 23.00M | 15.00M | -76.00M | -38.00M |
| Financing Cash Flow | -1.98B | -510.00M | -640.00M | -507.00M | -347.00M | -437.00M |
HIMACS, Ltd. Technical Analysis
Negative
1290.00
Price Trends
1277.78
Negative
1254.37
Negative
1217.41
Positive
Market Momentum
-16.08
Positive
43.14
Neutral
21.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4299, the sentiment is Negative. The current price of 1290 is above the 20-day moving average (MA) of 1282.21, above the 50-day MA of 1277.78, and above the 200-day MA of 1217.41, indicating a neutral trend. The MACD of -16.08 indicates Positive momentum. The RSI at 43.14 is Neutral, neither overbought nor oversold. The STOCH value of 21.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4299.
HIMACS, Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥12.73B | 12.15 | ― | 3.56% | 3.96% | -3.68% | |
66 Neutral | ¥4.89B | 21.99 | ― | ― | 7.60% | 19.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥6.72B | 27.15 | ― | ― | 11.32% | ― | |
58 Neutral | ¥12.00B | 23.59 | ― | ― | 14.63% | -760.87% | |
55 Neutral | ¥4.73B | 29.81 | ― | ― | 4.36% | -0.02% | |
51 Neutral | ¥10.77B | 96.68 | ― | ― | 14.10% | -53.62% |
* Technology Sector Average
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HIMACS, Ltd. Corporate Events
HIMACS Posts Lower Nine-Month Profits but Keeps Full-Year Outlook and Higher Dividend
Jan 30, 2026
HIMACS reported consolidated net sales of ¥13.47 billion for the nine months ended 31 December 2025, a modest 1.1% year-on-year increase, while operating profit, ordinary profit and profit attributable to owners of parent all declined by abou...
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.