Komaihaltec Inc. (5915) AI Stock Analysis

• Market Cap: ¥9.55B
• Dividend Yield: 3.74%
• Average Volume (3M): 13.38K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.65
• Revenue Growth: -29.79%
• EPS Growth: 278.17%
• Country: JP
• Employees: 632
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): -5.49
• Shares Outstanding: 4,972,709
• 10 Day Avg. Volume: 13,050
• 30 Day Avg. Volume: 13,383
• PEG Ratio: 0.06
• Price to Book (P/B): 0.23
• Price to Sales (P/S): 0.18
• P/FCF Ratio: 1.98
• 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: 72 Outperform
• Price Target: ¥2,236.00 ▲(16.88% Upside)
• Action: Reiterated Date: 09/25/25
• Date: Action: Reiterated 09/25/25

The overall stock score of 72 reflects a strong valuation and positive technical indicators, despite mixed financial performance. The stock's low P/E ratio and high dividend yield are significant positives, while the overbought technical indicators suggest caution in the short term. Financial performance shows stability in equity but challenges in profitability and cash flow.

Positive Factors

Healthy capital structure

A strong equity base and moderate leverage provide durable financial flexibility to fund operations, support investment or dividend policy, and withstand cyclical pressures. This capital structure reduces refinancing risk and preserves strategic optionality over the next several quarters.

Stable gross profit margins

Consistently steady gross margins indicate resilient core product economics and pricing power versus input cost swings. Stable unit-level profitability supports margin recovery if sales stabilize, enabling the company to protect operating earnings as revenue trends normalize.

Free cash flow turned positive recently

A recent shift to positive free cash flow improves the firm’s ability to fund capex, service debt, or sustain payouts without external financing. If sustained, this enhances long-term solvency and returns policy, though consistency must be monitored given prior volatility.

Negative Factors

Significant revenue decline

A steep revenue drop materially reduces operating leverage and erodes scale advantages; this pressures margins, limits reinvestment capacity, and raises execution risk. Recovery will require sustainable demand improvement or successful new business initiatives to restore durable growth.

Volatile operating cash flow

Large swings in operating cash flow impair the company’s ability to plan capex, service debt, and maintain distributions. Persistent volatility signals weak cash conversion and operational inefficiencies that can constrain strategic investments and heighten funding risk.

Inconsistent profitability and EPS decline

Sharp EPS decline and erratic net margins indicate unstable bottom-line performance and difficulty converting revenue into sustained earnings. This undermines return on capital and makes long-term forecasting and capital allocation less predictable for investors and management.

Komaihaltec Inc. Business Overview & Revenue Model

Company Description

Komaihaltec Inc. designs and constructs steel bridges, steel framework, and wind energy generating systems. The company also manufactures and installs construction machinery. In addition, it develops, constructs, and installs a 300kW wind turbine system; and develops solar systems. The company was founded in 1868 and is headquartered in Tokyo, Japan.

How the Company Makes Money

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Komaihaltec Inc. Financial Statement Overview

Summary

Komaihaltec Inc. demonstrates a mixed financial performance with strengths in equity stability but weaknesses in profitability and cash flow consistency. The company faces challenges in maintaining revenue growth and operational efficiency, impacting its overall financial health.

Income Statement

The income statement shows a volatile revenue trend with a significant decline in the most recent year. Despite this, gross profit margins have been relatively stable, but net profit margins are inconsistent, indicating fluctuating profitability. The EBIT and EBITDA margins have also shown variability, reflecting operational challenges.

Balance Sheet

The balance sheet reveals a strong equity position with a moderate debt-to-equity ratio, indicating manageable leverage. However, the return on equity has been inconsistent due to fluctuating net income. The equity ratio remains healthy, suggesting a solid capital structure, but the company faces challenges in maintaining consistent profitability.

Cash Flow

Cash flow analysis shows significant volatility, with operating cash flow experiencing large swings. The free cash flow turned positive recently, but the ratio to net income indicates potential challenges in converting profits into cash. The operating cash flow to net income ratio suggests operational inefficiencies or cash management issues.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	36.46B	40.55B	55.38B	39.73B	29.55B	30.29B
Gross Profit	4.15B	4.12B	4.23B	3.99B	4.88B	3.72B
EBITDA	1.44B	1.46B	1.77B	1.23B	2.38B	1.41B
Net Income	1.25B	1.27B	625.00M	329.00M	1.34B	777.00M
Balance Sheet
Total Assets	64.50B	69.32B	76.83B	61.13B	52.53B	49.94B
Cash, Cash Equivalents and Short-Term Investments	9.12B	10.32B	6.59B	7.88B	12.34B	8.93B
Total Debt	14.99B	19.69B	21.58B	12.89B	9.29B	10.32B
Total Liabilities	32.61B	37.49B	43.76B	31.26B	22.98B	21.90B
Stockholders Equity	31.88B	31.83B	32.53B	29.38B	29.13B	27.69B
Cash Flow
Free Cash Flow	0.00	3.73B	-9.72B	-7.60B	4.61B	2.70B
Operating Cash Flow	0.00	8.18B	-8.58B	-6.50B	4.82B	3.49B
Investing Cash Flow	0.00	-869.00M	-146.00M	-643.00M	37.00M	-2.52B
Financing Cash Flow	0.00	-3.59B	7.43B	2.68B	-1.45B	-686.00M

Komaihaltec Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1913.00
• 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:5915, the sentiment is Positive. The current price of 1913 is below the 20-day moving average (MA) of 2100.90, below the 50-day MA of 2060.14, and above the 200-day MA of 1782.27, indicating a neutral trend. The MACD of -11.66 indicates Positive momentum. The RSI at 47.12 is Neutral, neither overbought nor oversold. The STOCH value of 23.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5915.

Komaihaltec Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5915	72 Outperform	¥9.55B	-81.16	―	3.74%	-29.79%	278.17%
5923	71 Outperform	¥9.11B	-10.52	―	4.38%	-16.09%	-163.96%
2311	70 Outperform	¥7.38B	16.94	―	3.77%	11.25%	26.01%
4642	70 Outperform	¥8.30B	16.72	―	2.03%	16.10%	-10.63%
5918	70 Outperform	¥15.59B	6.90	―	1.39%	2.98%	11.88%
3423	69 Neutral	¥8.82B	17.68	―	4.94%	-4.23%	-64.20%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%