Corona Corporation (JP:5909)
:5909
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Corona Corporation
(5909)
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Rating:53Neutral
Price Target:
¥952.00
▲(4.50% Upside)
Action:Reiterated
Date:05/18/26
The score is primarily held back by weak recent cash flow (negative operating and free cash flow over 2024–2026) and soft technical momentum (below key moving averages with negative MACD). These are partially offset by a very strong, low-risk balance sheet (zero debt) and a moderate dividend yield, though the higher P/E limits valuation support.
Positive Factors
Balance Sheet Strength
Zero financial debt and a large equity base give Corona durable financial flexibility. This low solvency risk supports funding working capital, modest investments, or dividends through cycles without relying on external borrowing, preserving strategic optionality over months.
Negative Factors
Negative Cash Flow
Multi-year negative operating and free cash flow means reported profits are not converting to cash. This pressures internal funding for capex, working capital and dividends, and risks depleting reserves or forcing strategic cuts unless cash conversion reverses.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Zero financial debt and a large equity base give Corona durable financial flexibility. This low solvency risk supports funding working capital, modest investments, or dividends through cycles without relying on external borrowing, preserving strategic optionality over months.
Read all positive factors
Corona Corporation (5909) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥27.56B
Dividend Yield2.94%
Average Volume (3M)14.67K
Price to Earnings (P/E)27.9
Beta (1Y)0.52
Revenue Growth0.15%
EPS Growth-10.36%
CountryJP
Employees2,138
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)N/A
Shares Outstanding29,342,455
10 Day Avg. Volume15,740
30 Day Avg. Volume14,666
Financial Highlights & Ratios
PEG Ratio-2.72
Price to Book (P/B)0.35
Price to Sales (P/S)0.32
P/FCF Ratio-8.60
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
Corona Corporation Business Overview & Revenue Model
Company Description
Corona Corporation operates within the Japanese market, focusing on the development and sale of kerosene-fueled heating solutions. Their product portfolio encompasses both fan-assisted and portable kerosene heaters, alongside a selection of househ...
How the Company Makes Money
Corona Corporation makes money primarily through the sale of manufactured appliances and related products. Its revenue model is centered on (1) product sales in core categories—especially heating appliances (e.g., kerosene/oil heaters and related ...
Corona Corporation Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
84
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.26B | 85.34B | 85.21B | 82.05B | 85.33B | 78.65B |
| Gross Profit | 18.07B | 18.36B | 18.39B | 18.04B | 18.76B | 17.40B |
| EBITDA | 2.88B | 2.92B | 3.31B | 3.99B | 3.88B | 3.29B |
| Net Income | 759.00M | 991.00M | 1.10B | 1.31B | 1.48B | 939.00M |
Balance Sheet | ||||||
| Total Assets | 103.15B | 100.26B | 102.23B | 103.29B | 102.16B | 98.30B |
| Cash, Cash Equivalents and Short-Term Investments | 16.54B | 12.95B | 14.74B | 18.68B | 21.78B | 22.22B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 27.66B | 22.42B | 25.94B | 28.11B | 29.26B | 25.52B |
| Stockholders Equity | 75.48B | 77.84B | 76.28B | 75.18B | 72.90B | 72.78B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.21B | -1.69B | -2.07B | 2.46B | 2.33B |
| Operating Cash Flow | 0.00 | -731.00M | -423.00M | -210.00M | 3.67B | 3.58B |
| Investing Cash Flow | 0.00 | -1.75B | -2.75B | -345.00M | -874.00M | -1.41B |
| Financing Cash Flow | 0.00 | -818.00M | -817.00M | -863.00M | -816.00M | -815.00M |
Corona Corporation Technical Analysis
Positive
911.00
Price Trends
938.44
Positive
956.59
Negative
944.12
Positive
Market Momentum
5.07
Negative
55.35
Neutral
57.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5909, the sentiment is Positive. The current price of 911 is below the 20-day moving average (MA) of 924.40, below the 50-day MA of 938.44, and below the 200-day MA of 944.12, indicating a bullish trend. The MACD of 5.07 indicates Negative momentum. The RSI at 55.35 is Neutral, neither overbought nor oversold. The STOCH value of 57.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5909.
Corona Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥190.81B | 13.17 | ― | 3.41% | 3.85% | 41.80% | |
73 Outperform | ¥487.56B | 13.38 | 8.51% | 2.25% | 2.19% | 23.96% | |
73 Outperform | ¥31.91B | 9.17 | ― | 3.56% | 3.46% | 102.90% | |
67 Neutral | ¥65.77B | 28.00 | 1.61% | 2.27% | 0.39% | -21.22% | |
67 Neutral | ¥18.13B | 12.04 | ― | 2.30% | 0.91% | 29.68% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | ¥27.56B | 27.94 | ― | 2.94% | 0.15% | -10.36% |
* Consumer Cyclical Sector Average
JP:5909
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Corona Corporation Corporate Events
Corona Corporation Posts Stable Sales but Weaker Profits Amid Strong Balance Sheet
May 12, 2026
Corona Corporation reported essentially flat net sales of ¥85.3 billion for the fiscal year ended March 2026, but profitability declined as operating profit fell 36.6% and ordinary profit dropped 22.8%. Profit attributable to owners of the pa...
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.