Ichishin Holdings Co., Ltd. (4645) AI Stock Analysis

• Market Cap: ¥3.66B
• Dividend Yield: 2.21%
• Average Volume (3M): 1.58K
• Price to Earnings (P/E): 18.8
• Beta (1Y): 0.18
• Revenue Growth: 2.04%
• EPS Growth: -22.91%
• Country: JP
• Employees: 949
• Sector: Consumer Defensive
• Sector Strength: 46
• Industry: Education & Training Services
• EPS (TTM): -33.19
• Shares Outstanding: 10,604,888
• 10 Day Avg. Volume: 2,850
• 30 Day Avg. Volume: 1,580
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥465.00
• Price Target Upside: 2.88% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ¥465.00 ▲(2.88% Upside)

Ichishin Holdings Co., Ltd. receives an overall stock score of 69, supported by solid financial performance, including revenue growth and cash flow management. The technical analysis suggests a moderately positive trend, while valuation metrics indicate a fair market price. Despite high debt, effective leverage management contributes positively to the score.

Ichishin Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Ichishin Holdings Co., Ltd. is a Japanese company primarily engaged in the education sector. The company operates a network of cram schools under the Ichishin brand, offering supplementary education services to students from elementary school to high school. In addition to its core focus on cram schools, Ichishin Holdings is involved in the publishing of educational materials and the provision of other educational services.

How the Company Makes Money

Ichishin Holdings Co., Ltd. generates revenue primarily through tuition fees collected from students attending its network of cram schools across Japan. These fees are the company's main revenue stream, as the demand for supplementary education remains strong in the competitive Japanese educational landscape. Furthermore, the company earns additional revenue by publishing and selling educational materials and resources used by students and educators. Ichishin Holdings may also benefit from partnerships or collaborations with other educational institutions or businesses, although specific details on such arrangements are not publicly available.

Ichishin Holdings Co., Ltd. Financial Statement Overview

Summary

Ichishin Holdings Co., Ltd. shows a positive financial trajectory with consistent revenue growth, stable operational margins, and strong cash flow generation. While high debt levels present a risk, effective financial leverage management supports the company's strong position in the education and training services industry.

Income Statement

Ichishin Holdings Co., Ltd. has demonstrated a consistent revenue growth trend, with a revenue increase from 2022 to 2025. The gross profit margin remained stable around 16-17%, indicating effective cost management. However, the net profit margin saw a decline in 2025 due to lower net income, impacting the overall profitability. EBIT and EBITDA margins have been consistent, highlighting stable operational efficiency.

Balance Sheet

The company's balance sheet reflects a stable financial position, with improving equity levels from 2023 to 2025. The debt-to-equity ratio has remained relatively high, indicating potential leverage risk. However, the return on equity showed improvement in 2025, suggesting better utilization of equity. The equity ratio has been stable, indicating a solid asset base backed by equity.

Cash Flow

Cash flow statements reveal robust free cash flow growth in 2025, driven by strong operating cash flows and controlled capital expenditures. The operating cash flow to net income ratio is healthy, indicating efficient cash generation relative to income. The free cash flow to net income ratio improved significantly, indicating strong cash flow management and a focus on liquidity.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	18.46B	17.95B	17.29B	17.32B	16.01B
Gross Profit	3.08B	3.07B	2.98B	3.04B	2.67B
EBITDA	1.25B	1.26B	1.23B	1.28B	482.79M
Net Income	317.30M	363.26M	365.90M	421.56M	-401.30M
Balance Sheet
Total Assets	13.65B	13.01B	12.42B	12.71B	12.38B
Cash, Cash Equivalents and Short-Term Investments	4.39B	4.28B	4.13B	4.60B	3.61B
Total Debt	7.09B	6.29B	6.06B	6.38B	6.53B
Total Liabilities	11.45B	10.27B	10.12B	10.64B	10.76B
Stockholders Equity	2.15B	2.70B	2.27B	2.05B	1.61B
Cash Flow
Free Cash Flow	891.51M	268.98M	387.76M	1.16B	7.29M
Operating Cash Flow	1.19B	657.91M	855.57M	1.61B	526.40M
Investing Cash Flow	-763.18M	-261.13M	-724.91M	-481.63M	-1.32B
Financing Cash Flow	-356.84M	-226.57M	-609.36M	-276.78M	788.51M

Ichishin Holdings Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 452.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4645, the sentiment is Positive. The current price of 452 is above the 20-day moving average (MA) of 439.20, above the 50-day MA of 429.76, and above the 200-day MA of 440.12, indicating a bullish trend. The MACD of 5.78 indicates Negative momentum. The RSI at 67.45 is Neutral, neither overbought nor oversold. The STOCH value of 90.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4645.

Ichishin Holdings Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2179	74 Outperform	¥4.30B	11.08		2.45%	9.40%	-9.90%
9769	72 Outperform	¥25.36B	13.77		3.89%	-0.36%	-2.22%
4645	69 Neutral	¥3.66B	18.82		2.21%	2.04%	-22.91%
9696	65 Neutral	¥29.89B	176.82		1.86%	7.52%	-80.63%
4668	63 Neutral	¥19.46B	16.80		3.32%	10.85%	123.10%
Sector *	63 Neutral	$20.46B	14.47	-3.60%	3.13%	2.63%	-6.18%
4745	―	¥19.44B	17.46		3.35%	―	―