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Sakata Inx Corp. (JP:4633)
:4633
Japanese Market

Sakata Inx Corp. (4633) AI Stock Analysis

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JP:4633

Sakata Inx Corp.

(4633)

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Outperform 77 (OpenAI - 5.2)
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Outperform 77 (OpenAI - 5.2)
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Outperform 77 (OpenAI - 5.2)
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Outperform 77 (OpenAI - 5.2)
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Outperform 77 (OpenAI - 5.2)
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Outperform 77 (OpenAI - 5.2)
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Outperform 77 (OpenAI - 5.2)
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Outperform 77 (OpenAI - 5.2)
,
Outperform 77 (OpenAI - 5.2)
,
Outperform 77 (OpenAI - 5.2)
Rating:77Outperform
Price Target:
¥2,520.00
▲(6.37% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by improving financial performance (notably stronger profitability and ROE) and an attractive valuation (low P/E with a solid dividend yield). Technicals are also supportive with a strong uptrend, partially tempered by stretched momentum indicators. Cash-flow volatility remains the key risk factor weighing on the overall score.
Positive Factors
Revenue & Profitability
Consistent revenue acceleration into 2025 and materially improved margins demonstrate stronger underlying demand and better operational leverage. That lasting improvement enhances earnings power, supports reinvestment and dividends, and improves the company's ability to sustain returns across the next several quarters.
Balance-Sheet Resilience
A low debt-to-equity range and expanding equity provide structural financial flexibility, lowering financing risk and enabling capex or strategic moves. This durable balance-sheet strength helps absorb cyclical shocks and supports multi-month operational continuity and investment capacity.
Recurring Consumable Business
The company's core products are consumables (printing and packaging inks, pigments, coatings) bought repeatedly by printers and converters. That product stickiness and diversified product mix generate predictable, recurring revenue and steady customer relationships, supporting durable cash flows if specialty mix is preserved.
Negative Factors
Cash-Flow Volatility
Historic swings in free cash flow reduce predictability for funding capex, dividends and debt service. Persistent volatility raises the risk that a couple of weak quarters or working-capital swings could force capital allocation trade-offs, constraining strategic flexibility over the coming months.
Modest Net Margins
Even after margin improvement, a structurally modest net margin limits the company's cushion versus input-cost rises or demand softening. Lower margin headroom makes earnings and cash flow more sensitive to raw-material inflation and competitive pricing pressure over the medium term.
Rising Debt Trend
Although current leverage is moderate, the upward trend in debt versus 2020–2021 reduces future financial headroom. If cash-flow volatility persists, higher indebtedness increases refinancing and interest-rate vulnerability and could limit capacity for investment or dividend stability over the next several quarters.

Sakata Inx Corp. (4633) vs. iShares MSCI Japan ETF (EWJ)

Sakata Inx Corp. Business Overview & Revenue Model

Company DescriptionSakata INX Corporation manufactures and sells various printing inks and auxiliary agents in Japan and internationally. It offers newspaper inks, dampening water, sheet-fed inks, web offset inks, varnish coatings, dampening water, etc.; inks and varnishes for corrugated boxes, paper containers, paper bags, etc.; and flexo inks for flexible packaging, solvent and water-based gravure inks, etc. The company also provides digital and specialty products, such as powder toners, inkjet inks and toners, pigment dispersions for color filters, functional coating agents, etc. In addition, it is involved in the sale of graphic art materials for use in printing and plate-making; and electronic apparatus and information-related equipment, as well as in the import and export business. The company was founded in 1896 and is headquartered in Osaka, Japan.
How the Company Makes MoneySakata INX makes money primarily by manufacturing and selling printing inks to printing and packaging customers. Key revenue streams generally include (1) packaging-related inks (e.g., inks used for printed packaging materials), (2) commercial/graphic printing inks (inks for various printing applications), and (3) related materials such as pigments and other functional materials used in printing and adjacent industrial applications. Revenue is earned through product sales to printers, converters, and manufacturers, typically under ongoing supply relationships where customers purchase inks and materials as consumables tied to their production volumes. Pricing and profitability are influenced by input costs (notably petrochemical-derived raw materials and pigments), product mix (higher value-added or specialty inks/materials vs. commodity grades), and demand in packaging and print markets. Specific figures for segment contribution, named major customers/partnerships, or contract structures are null.

Sakata Inx Corp. Financial Statement Overview

Summary
Strong improvement in revenue growth and profitability into 2025, with better margins and ROE supported by moderate leverage. The main offset is volatile cash flow (including a negative FCF year and a sharp drop in 2024), which reduces confidence in consistency.
Income Statement
78
Positive
Revenue has grown steadily over the period, accelerating into 2025, alongside a clear step-up in profitability. Margins improved meaningfully (gross, operating, and net), with 2025 showing the strongest earnings profile in the dataset. The main weakness is that net margin remains modest for the industry despite the improvement, leaving less cushion if costs rise or demand softens.
Balance Sheet
74
Positive
Leverage looks controlled, with debt-to-equity consistently around the low-0.2x to low-0.3x range, and equity expanding over time—supportive of balance-sheet resilience. Returns on equity improved into 2025, indicating better earnings power on a growing capital base. A watch item is that debt has trended higher versus earlier years (notably vs. 2020–2021), even if still manageable.
Cash Flow
66
Positive
Cash generation is positive overall, with 2025 delivering solid free cash flow and a better conversion of profits into free cash than in 2024. However, cash flow has been volatile: free cash flow swung negative in 2022 and dropped sharply in 2024 before rebounding, which reduces confidence in consistency. Operating cash flow relative to revenue is also not particularly high, implying working-capital and/or reinvestment needs can meaningfully influence annual cash results.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue250.88B257.67B245.57B228.36B215.53B181.49B
Gross Profit61.05B64.43B57.19B49.53B38.47B36.98B
EBITDA19.57B21.52B18.82B16.43B9.03B11.81B
Net Income9.94B11.61B9.01B7.47B4.55B4.93B
Balance Sheet
Total Assets213.44B225.86B221.47B194.09B177.40B166.90B
Cash, Cash Equivalents and Short-Term Investments16.63B20.59B15.72B17.01B12.12B12.68B
Total Debt38.39B33.60B36.24B25.90B27.25B17.78B
Total Liabilities97.85B99.34B102.24B88.43B84.45B74.43B
Stockholders Equity108.66B119.16B112.31B98.80B86.27B86.38B
Cash Flow
Free Cash Flow0.0010.08B1.98B11.10B128.00M2.28B
Operating Cash Flow0.0017.00B8.90B15.37B4.95B7.56B
Investing Cash Flow0.00-4.49B-14.85B-7.59B-1.52B-5.22B
Financing Cash Flow0.00-9.97B4.21B-4.30B-4.04B-3.00B

Sakata Inx Corp. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2369.00
Price Trends
50DMA
2474.06
Negative
100DMA
2377.16
Negative
200DMA
2247.80
Negative
Market Momentum
MACD
-66.03
Positive
RSI
32.77
Neutral
STOCH
6.92
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4633, the sentiment is Negative. The current price of 2369 is below the 20-day moving average (MA) of 2506.35, below the 50-day MA of 2474.06, and above the 200-day MA of 2247.80, indicating a bearish trend. The MACD of -66.03 indicates Positive momentum. The RSI at 32.77 is Neutral, neither overbought nor oversold. The STOCH value of 6.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4633.

Sakata Inx Corp. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
¥111.02B10.073.72%5.40%14.80%
76
Outperform
¥79.56B6.043.04%1.57%-33.97%
75
Outperform
¥588.84B20.623.26%11.78%8.98%
71
Outperform
¥20.27B4.283.61%8.85%110.05%
66
Neutral
¥169.74B16.345.91%2.82%1.52%8.47%
65
Neutral
¥363.86B10.698.14%2.61%-1.45%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:4633
Sakata Inx Corp.
2,220.00
299.87
15.62%
JP:4631
DIC
3,844.00
811.12
26.74%
JP:4634
artience
3,730.00
574.27
18.20%
JP:4116
Dainichiseika Color & Chemicals Mfg.Co., Ltd.
4,425.00
1,354.37
44.11%
JP:4626
Taiyo Holdings Co., Ltd.
5,104.00
3,158.87
162.40%
JP:4635
Tokyo Printing Ink Manufacturing Co., Ltd.
1,499.00
721.73
92.85%

Sakata Inx Corp. Corporate Events

Sakata Inx Completes ¥1 Billion Share Repurchase Program
Mar 19, 2026

Sakata Inx Corp. has completed its latest share repurchase program authorized by its board on February 12, 2026, acquiring a total of 396,300 common shares on the Tokyo Stock Exchange at an aggregate cost of ¥999,862,284. Within this framework, the most recent tranche, executed between March 1 and March 16, 2026, totaled 245,400 shares for ¥603,535,290, effectively exhausting the authorized monetary limit while remaining below the maximum share volume.

The buyback, representing roughly 1.12% of issued shares excluding treasury stock at the program’s upper limit, signals management’s continued focus on capital efficiency and shareholder returns. By completing the repurchase within the planned period and nearly fully deploying the approved budget, the company may enhance earnings per share and potentially support its stock price, underscoring confidence in its financial position and long-term prospects.

The most recent analyst rating on (JP:4633) stock is a Buy with a Yen2630.00 price target. To see the full list of analyst forecasts on Sakata Inx Corp. stock, see the JP:4633 Stock Forecast page.

Sakata Inx Reports Progress on Share Buyback Program
Mar 3, 2026

Sakata Inx Corp. has disclosed the progress of its share buyback program authorized by its board on February 12, 2026, under which it may repurchase up to 550,000 common shares for a maximum of ¥1 billion through March 31, 2026. Between February 13 and February 28, 2026, the company bought back 150,900 shares on the Tokyo Stock Exchange at a total cost of ¥396,326,994, signaling ongoing capital management efforts that may support shareholder value and optimize its equity structure.

This latest update indicates that Sakata Inx has completed a little over a quarter of the maximum authorized buyback volume in the first half of the scheduled period. The continued execution of the repurchase program could improve earnings per share and capital efficiency, and may be viewed positively by investors as a sign of management’s confidence in the company’s financial position and future prospects.

The most recent analyst rating on (JP:4633) stock is a Buy with a Yen2938.00 price target. To see the full list of analyst forecasts on Sakata Inx Corp. stock, see the JP:4633 Stock Forecast page.

Sakata Inx Corrects Segment Data in FY2025 Consolidated Results
Feb 20, 2026

Sakata Inx Corporation has issued a correction to its consolidated financial results for the fiscal year ended December 31, 2025, after discovering errors in the previously disclosed segment information. The revised data affect the breakdown of revenues, segment income, assets and related items across its regional printing ink operations and digital and specialty products business, as well as the treatment of impairment losses in Asia.

The company clarified adjustments related to intersegment transactions, corporate expenses and corporate assets, which in turn modify reported segment income, depreciation and capital expenditures. These corrections refine how performance is allocated among business segments but do not introduce new operational events, instead aiming to improve the accuracy and transparency of its financial reporting for investors and other stakeholders.

The most recent analyst rating on (JP:4633) stock is a Buy with a Yen2938.00 price target. To see the full list of analyst forecasts on Sakata Inx Corp. stock, see the JP:4633 Stock Forecast page.

Sakata Inx Raises Cost of Equity Target to Align With Investor Expectations
Feb 12, 2026

Sakata Inx has revised upward its estimated cost of shareholders’ equity to around 8–9%, from a previous assumption of 6–8% for FY2025, after recalculating under the capital asset pricing model and incorporating the impact of rising long-term interest rates. The move follows extensive dialogue with investors and deliberations by the Board, which has been increasingly focused on capital policy items such as treasury stock purchases, potential secondary offerings, and dividend and shareholder return strategies, signaling a stronger emphasis on capital efficiency and stock price-conscious management.

Management cited a gap between prior expectations and investor demands for higher profitability, prompting more detailed disclosure and explanation of profit volatility and capital costs. By explicitly resetting its cost of equity benchmark and integrating it into recurring Board discussions and investor communications, Sakata Inx is positioning itself to align financial targets, capital allocation, and shareholder return policies more closely with market expectations and the company’s evolving risk profile.

The most recent analyst rating on (JP:4633) stock is a Hold with a Yen2633.00 price target. To see the full list of analyst forecasts on Sakata Inx Corp. stock, see the JP:4633 Stock Forecast page.

Sakata Inx to Shift to Holding Company Structure and Rebrand as INX Holdings
Feb 12, 2026

Sakata Inx Corp. has approved an absorption-type company split with wholly owned subsidiary Sakata Inx Split Preparation Corp. as part of a transition to a holding company structure, with the parent remaining listed and the operating businesses transferred to the subsidiary. The reorganization, targeted to take effect on January 1, 2027 pending shareholder and regulatory approvals, will see the parent renamed INX Holdings Corp., revise its business objectives, and adopt an Audit & Supervisory Committee framework to bolster governance and create a more flexible organizational structure.

Under the split plan, the preparation company will receive the printing inks, equipment, and digital and specialty products businesses, along with associated assets, liabilities, and employment contracts, while issuing 28,000 new shares to the parent without changing overall capital. Management positions the move as a key step to strengthen global management cooperation and enhance corporate value, with expectations that the holding company model will improve oversight and strategic allocation of resources across the group.

The most recent analyst rating on (JP:4633) stock is a Hold with a Yen2633.00 price target. To see the full list of analyst forecasts on Sakata Inx Corp. stock, see the JP:4633 Stock Forecast page.

Sakata Inx Launches ¥1 Billion Share Buyback to Boost Capital Efficiency
Feb 12, 2026

Sakata Inx Corp. has approved a new share buyback program, resolving at its board meeting on February 12, 2026 to repurchase up to 550,000 of its own common shares, equivalent to about 1.12% of its outstanding shares excluding treasury stock. The company plans to spend as much as ¥1 billion on the buyback between February 13 and March 31, 2026, a move aimed at enhancing shareholder returns and improving capital efficiency, which may also signal management’s confidence in the firm’s valuation and balance-sheet strength given its already sizeable treasury share holdings.

The repurchase will be executed under provisions of Japan’s Companies Act that allow board-approved acquisitions of treasury stock, and comes at a time when Sakata Inx already holds over 4.9 million treasury shares as of January 31, 2026. For investors, the transaction could provide incremental support to the share price and slightly increase earnings per share, while underscoring a continued commitment to shareholder-oriented capital allocation in a market where such policies are increasingly scrutinized.

The most recent analyst rating on (JP:4633) stock is a Hold with a Yen2633.00 price target. To see the full list of analyst forecasts on Sakata Inx Corp. stock, see the JP:4633 Stock Forecast page.

Sakata Inx Lifts Year-End Dividend, Boosting Annual Shareholder Payout
Feb 12, 2026

Sakata Inx Corporation’s board has approved a proposal to increase the year-end dividend for the fiscal year ended December 31, 2025, raising it to ¥50 per share from the previously forecast ¥45, with a record date of December 31, 2025 and an effective payment date of March 27, 2026. This higher distribution, funded from retained earnings, lifts the total annual dividend to ¥95 per share including the interim payout, up from ¥70 in the prior year, underscoring the company’s commitment to enhancing shareholder returns as business conditions and its financial position improve.

The revised year-end dividend will result in total dividends of approximately ¥2,462 million, compared with ¥2,237 million in the previous fiscal year, signaling a more generous capital return profile. By exceeding its earlier dividend forecast, Sakata Inx is reinforcing its policy of stable and proactive shareholder remuneration, which may bolster investor confidence and support its market valuation in the competitive printing materials sector.

The most recent analyst rating on (JP:4633) stock is a Hold with a Yen2633.00 price target. To see the full list of analyst forecasts on Sakata Inx Corp. stock, see the JP:4633 Stock Forecast page.

Sakata Inx Lifts FY2025 Earnings and Margins, Projects Further Growth
Feb 12, 2026

Sakata Inx reported consolidated results for the fiscal year ended December 31, 2025, showing steady top-line growth and improving profitability, supported by favorable local-currency trends. Net sales rose to ¥257.7 billion in FY2025 from ¥245.6 billion a year earlier, with operating income up 15.7% to ¥15.2 billion and ordinary income up 19.2% to ¥15.4 billion, while net income attributable to owners of the parent advanced 28.9% to ¥11.6 billion, lifting earnings per share to ¥235.26.

Profitability metrics also strengthened, with the operating margin improving to 5.9% and the net margin to 4.5%, underscoring efficiency gains and a healthier earnings structure. For the full year FY2025, the company is guiding for further revenue and profit expansion to ¥268.0 billion in net sales and ¥15.5 billion in operating income, signaling management’s confidence in continued operational momentum despite currency and market uncertainties.

The most recent analyst rating on (JP:4633) stock is a Hold with a Yen2633.00 price target. To see the full list of analyst forecasts on Sakata Inx Corp. stock, see the JP:4633 Stock Forecast page.

Sakata Inx Lifts Profit, Strengthens Balance Sheet and Hikes Dividend
Feb 12, 2026

Sakata Inx posted solid results for the year ended December 31, 2025, with net sales rising 4.9% to ¥257.7 billion and net income attributable to owners of the parent climbing 28.9% to ¥11.6 billion, lifting earnings per share to ¥235.26. Profitability improved across key metrics, including operating and ordinary income margins, while the equity ratio strengthened to 52.8% and year-end cash and cash equivalents increased to ¥18.8 billion.

The company raised its annual dividend to ¥95 per share for 2025, up from ¥70, and plans a further increase to ¥100 in 2026, reflecting stronger earnings and shareholder return focus. For 2026, Sakata Inx forecasts 7.1% growth in net sales and double-digit gains in operating and ordinary income, supported in part by group reorganization moves that added two new consolidated subsidiaries and by the adoption of revised accounting standards, signaling continued expansion and operational refinement.

The most recent analyst rating on (JP:4633) stock is a Hold with a Yen2633.00 price target. To see the full list of analyst forecasts on Sakata Inx Corp. stock, see the JP:4633 Stock Forecast page.

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.Date of analysis: Feb 18, 2026