YAMAX Corp. (5285) AI Stock Analysis

• Market Cap: ¥17.47B
• Dividend Yield: 3.1%
• Average Volume (3M): 70.39K
• Price to Earnings (P/E): 6.9
• Beta (1Y): 1.04
• Revenue Growth: 18.19%
• EPS Growth: 27.62%
• Country: JP
• Employees: 593
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 68.44
• Shares Outstanding: 11,580,000
• 10 Day Avg. Volume: 68,010
• 30 Day Avg. Volume: 70,386
• PEG Ratio: 0.13
• Price to Book (P/B): 1.57
• Price to Sales (P/S): 0.58
• P/FCF Ratio: 18.18
• 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: 74 Outperform
• Price Target: ¥1,847.00 ▼(-1.65% Downside)
• Action: Reiterated Date: 02/06/26
• Date: Action: Reiterated 02/06/26

The score is driven primarily by strong financial performance (growth, rising margins, low leverage, high ROE) and attractive valuation (low P/E and healthy dividend). These positives are partially offset by weak technicals, with price trading below key moving averages despite oversold momentum readings.

Positive Factors

Revenue & Margin Improvement

Sustained ~12.8% revenue growth with rising net margins indicates durable demand and improving cost structure. Over months this supports higher intrinsic cash generation, signals pricing or mix advantages, and makes earnings more resilient through industry cycles.

Low Leverage & Financial Stability

A conservative capital structure (D/E 0.22 and ~48% equity ratio) gives long-term financial flexibility, lower interest burden and capacity to absorb shocks. This durability helps fund capex, dividends or opportunistic M&A without stressing credit metrics.

Strong ROE and Operating Cash Flow

High ROE (22.8%) combined with robust operating cash flow demonstrates efficient capital use and consistent cash conversion. Over the medium term this supports reinvestment, shareholder returns and de-risks growth financing compared with low-cash businesses.

Negative Factors

Declining Free Cash Flow

A decline in free cash flow reduces internal funding available for capex, acquisitions or dividends. Persisting FCF weakness would force greater reliance on external financing or cuts to reinvestment, constraining sustainable growth and strategic optionality.

Lower FCF-to-Net-Income Ratio

A falling FCF-to-net-income ratio suggests weakening earnings quality or rising working capital/capex demands. If sustained, it can erode the company’s ability to translate accounting profits into cash, pressuring dividends, buybacks and balance sheet resilience.

Slight Decline in Total Assets

A modest shrinkage in total assets may reflect asset disposals, lower investment or demand softness. Over several quarters this could signal reduced capacity to grow revenues or a shift in business scale, warranting monitoring for structural contraction risks.

YAMAX Corp. Business Overview & Revenue Model

Company Description

Yamax Corp. engages in the manufacture and sale of concrete and cement products for the construction and civil engineering projects in Japan. It offers various civil engineering concrete secondary products, such as culverts, retaining walls, gutters, water storage tanks, and waterways for a range of fields, including roads, agriculture, rivers, and sewerage. The company is also involved in the construction, renovation, and sale of housing projects. Yamax Corp. was incorporated in 1963 and is based in Kumamoto, Japan.

How the Company Makes Money

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YAMAX Corp. Financial Statement Overview

Summary

Strong fundamentals supported by solid revenue growth (+12.8%), improving profitability (net margin up to 8.4%) and operational efficiency (better EBIT/EBITDA margins). Balance sheet leverage is low (Debt-to-Equity 0.22) with strong ROE (22.8%) and a stable equity ratio (48.1%). The main offset is softer free cash flow, which warrants monitoring.

Income Statement

YAMAX Corp. has shown strong revenue growth with a 12.8% increase in the latest year, complemented by improving profitability metrics. The gross profit margin is robust at 28%, and the net profit margin has increased to 8.4%, indicating efficient cost management and enhanced profitability. EBIT and EBITDA margins have also improved, showcasing operational efficiency.

Balance Sheet

The balance sheet reflects a solid equity position with a Debt-to-Equity Ratio of 0.22, indicating low leverage. Return on Equity (ROE) has improved to 22.8%, demonstrating effective use of shareholder funds. The equity ratio of 48.1% highlights financial stability, although there is a slight decrease in total assets, which requires monitoring.

Cash Flow

YAMAX Corp.'s cash flow statement reveals a slight decline in free cash flow, but the operating cash flow remains strong at 1.32 billion JPY. The Operating Cash Flow to Net Income Ratio is stable at 0.67, reflecting consistent cash generation relative to earnings. However, the Free Cash Flow to Net Income Ratio has decreased, necessitating attention to capital expenditures.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	24.99B	23.47B	20.81B	18.03B	15.77B	18.58B
Gross Profit	6.74B	6.57B	5.25B	4.08B	3.49B	3.66B
EBITDA	3.21B	3.12B	2.17B	1.19B	909.89M	1.00B
Net Income	2.05B	1.97B	1.30B	540.62M	364.45M	442.49M
Balance Sheet
Total Assets	16.96B	17.94B	18.62B	15.11B	13.32B	13.97B
Cash, Cash Equivalents and Short-Term Investments	877.40M	2.27B	2.10B	1.42B	1.24B	1.72B
Total Debt	1.81B	1.95B	2.18B	2.23B	1.88B	2.23B
Total Liabilities	8.41B	9.32B	11.63B	9.35B	8.02B	8.95B
Stockholders Equity	8.56B	8.63B	7.00B	5.77B	5.30B	5.03B
Cash Flow
Free Cash Flow	0.00	745.13M	884.57M	13.20M	-119.96M	717.27M
Operating Cash Flow	0.00	1.32B	1.31B	260.11M	333.90M	1.01B
Investing Cash Flow	0.00	-511.12M	-411.44M	-329.88M	-409.55M	-71.63M
Financing Cash Flow	0.00	-645.20M	-223.57M	245.57M	-414.26M	-576.27M

YAMAX Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1878.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5285, the sentiment is Negative. The current price of 1878 is above the 20-day moving average (MA) of 1695.65, above the 50-day MA of 1874.98, and below the 200-day MA of 1905.24, indicating a bearish trend. The MACD of -57.35 indicates Negative momentum. The RSI at 38.43 is Neutral, neither overbought nor oversold. The STOCH value of 46.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5285.

YAMAX Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5288	80 Outperform	¥54.32B	7.15	―	3.25%	9.50%	77.72%
3157	77 Outperform	¥21.57B	10.16	―	3.07%	13.22%	28.90%
5285	74 Outperform	¥17.47B	6.92	―	3.10%	18.19%	27.62%
5282	74 Outperform	¥14.05B	12.23	―	3.21%	5.83%	-16.54%
5268	69 Neutral	¥12.29B	18.59	―	1.24%	-2.82%	-44.93%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
5269	49 Neutral	¥18.18B	743.26	―	3.24%	-3.73%	-143.19%