Isamu Paint Co., Ltd. (4624) AI Stock Analysis

• Market Cap: ¥5.75B
• Dividend Yield: 1.39%
• Average Volume (3M): 3.08K
• Price to Earnings (P/E): 6.4
• Beta (1Y): 0.46
• Revenue Growth: 2.67%
• EPS Growth: 37.55%
• Country: JP
• Employees: 204
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 139.57
• Shares Outstanding: 2,000,000
• 10 Day Avg. Volume: 6,490
• 30 Day Avg. Volume: 3,080
• PEG Ratio: 2.04
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 22.65
• 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: 66 Neutral
• Price Target: ¥4,212.00 ▲(17.98% Upside)
• Action: Downgraded Date: 11/01/25
• Date: Action: Downgraded 11/01/25

Isamu Paint Co., Ltd. has a strong financial foundation with robust profitability and a stable balance sheet. However, technical indicators suggest a bearish trend, and the stock's valuation is moderate. The lack of earnings call data and corporate events limits additional insights.

Positive Factors

Very low leverage and high equity ratio

Extremely low debt and a high equity ratio materially reduce financial risk and interest burden. This durable capital structure supports resilience in downturns, gives flexibility for capex or M&A, and preserves credit optionality over the next several quarters.

Healthy gross and operating margins

Sustained mid-high gross and decent operating margins indicate pricing power and cost control in specialty coatings. Margin durability supports internal reinvestment, stable earnings generation and competitive positioning versus lower-margin peers across industrial cycles.

Recurring industrial demand from coatings use

Selling consumable coatings into industrial and automotive production creates repeat purchase patterns tied to manufacturing and maintenance activity. That structural demand yields revenue stability, higher customer lifetime value, and predictable short-to-medium term organic revenue.

Negative Factors

Sharp decline in free cash flow growth

A large drop in FCF growth materially reduces the company's capacity to self-fund investments, pay higher dividends, or accelerate debt paydown. Even with decent OCF conversion metrics, weaker FCF curtails strategic flexibility and raises sensitivity to capital allocation pressures.

Slowing revenue growth trend

A deceleration in top-line growth suggests possible market saturation or competitive pressure in core coatings end-markets. Slower revenue expansion constrains operating leverage benefits and limits medium-term profit upside unless offset by new product wins or market share gains.

Limited public disclosure and investor visibility

Absence of earnings calls and notable corporate disclosures reduces transparency on strategy, execution and forward guidance. That hampers stakeholder oversight and makes it harder to assess management's long-term plans or to detect material strategic shifts early.

Isamu Paint Co., Ltd. Business Overview & Revenue Model

Company Description

Isamu Paint Co., Ltd. manufactures and sells paints, solvents, and building materials in Japan. It operates through Paint Business and Other segments. The company provides automotive, general purpose/industrial, architectural, and aerosol paints. It also manufactures and sells coating equipment and rooms, as well as attached raw materials; designs, constructs, and contracts waterproofing and painting works; and leases and manages real estate properties. Isamu Paint Co., Ltd. was founded in 1927 and is headquartered in Osaka, Japan.

How the Company Makes Money

Isamu Paint makes money primarily by selling paints and coating-related products (coating materials and associated chemical/finishing products) to business customers. Revenue is generated through: (1) product sales from manufactured coatings—customers purchase coatings for surface protection, corrosion resistance, and appearance/finish in industrial workflows; (2) sales to automotive-related channels and other industrial customers where coatings are consumed as recurring inputs, creating repeat purchase demand tied to production volumes and maintenance cycles. Information on specific revenue breakdown by segment, major customers, contract manufacturing, licensing/royalties, or named strategic partnerships is not available; therefore, null.

Isamu Paint Co., Ltd. Financial Statement Overview

Summary

Isamu Paint Co., Ltd. demonstrates strong financial health with consistent revenue growth, healthy profit margins, and a robust balance sheet with minimal leverage. However, challenges exist in maintaining revenue growth and improving free cash flow.

Income Statement

Isamu Paint Co., Ltd. shows consistent revenue growth over the years, with a notable Gross Profit Margin of 30.3% and steady Net Profit Margin of 6.7% in the latest fiscal year. The EBIT and EBITDA margins are healthy at 7.7% and 12.0%, respectively. However, the revenue growth rate has slowed down recently, indicating potential saturation or market challenges.

Balance Sheet

The company maintains a robust financial position with a very low Debt-to-Equity Ratio of 0.001, indicating minimal leverage and strong equity backing. Return on Equity (ROE) is solid at 3.2%, and the Equity Ratio is high at 82.4%, suggesting a stable balance sheet with high asset financing through equity. The company demonstrates strong financial health and low financial risk.

Cash Flow

The cash flow statement shows a decline in Free Cash Flow Growth Rate by 54.7%, which is a concern. Nonetheless, the Operating Cash Flow to Net Income Ratio of 0.89 indicates efficient conversion of income into cash, while the Free Cash Flow to Net Income Ratio stands at 0.50. Overall, the company manages cash flows well but needs to address the declining free cash flow.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	8.13B	8.16B	8.00B	7.60B	7.07B	7.16B
Gross Profit	2.54B	2.71B	2.68B	2.47B	2.34B	2.37B
EBITDA	886.52M	839.78M	845.38M	722.63M	652.32M	677.92M
Net Income	574.17M	548.83M	520.09M	436.65M	401.46M	509.50M
Balance Sheet
Total Assets	21.08B	20.89B	20.76B	19.86B	19.14B	18.94B
Cash, Cash Equivalents and Short-Term Investments	4.44B	4.68B	5.24B	6.25B	7.04B	6.99B
Total Debt	16.76M	18.95M	17.63M	24.09M	15.54M	24.14M
Total Liabilities	3.32B	3.25B	3.58B	3.33B	3.03B	3.11B
Stockholders Equity	17.34B	17.22B	16.77B	16.13B	15.72B	15.43B
Cash Flow
Free Cash Flow	0.00	273.87M	618.39M	515.45M	234.76M	571.79M
Operating Cash Flow	0.00	486.44M	798.15M	688.36M	510.75M	680.75M
Investing Cash Flow	0.00	-330.74M	-707.30M	-473.76M	-254.51M	-25.92M
Financing Cash Flow	0.00	-109.49M	-105.99M	-105.94M	-106.90M	-107.49M

Isamu Paint Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3570.00
• 50DMA: Negative
• 100DMA: Positive
• 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:4624, the sentiment is Neutral. The current price of 3570 is below the 20-day moving average (MA) of 3966.75, below the 50-day MA of 3905.10, and below the 200-day MA of 3604.25, indicating a neutral trend. The MACD of -11.22 indicates Positive momentum. The RSI at 42.66 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4624.

Isamu Paint Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4619	75 Outperform	¥49.76B	8.18	―	5.04%	-3.21%	27.18%
4611	74 Outperform	¥36.35B	15.61	―	3.70%	14.83%	51.42%
4623	72 Outperform	¥6.59B	7.93	―	3.50%	-8.27%	-3.23%
4612	69 Neutral	¥2.32T	13.66	11.64%	1.52%	9.81%	32.64%
4624	66 Neutral	¥5.75B	6.39	―	1.39%	2.67%	37.55%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
4615	44 Neutral	¥4.25B	-15.17	―	―	8.66%	-239.07%