Chofu Seisakusho Co Ltd (JP:5946)
:5946
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Chofu Seisakusho Co
(5946)
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Rating:67Neutral
Price Target:
¥2,315.00
▲(20.07% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by strong financial safety (debt-free balance sheet) despite softer recent operating performance and uneven cash conversion. Technicals are supportive with an established uptrend and positive momentum. Valuation is the main constraint due to a relatively high P/E versus the company’s recent growth and margin trajectory.
Positive Factors
Debt-free balance sheet
A near-zero debt position materially reduces refinancing and interest-rate risk over a multi-month horizon. The conservative capital structure provides flexibility to fund capex, weather demand shocks, and maintain dividends without relying on external financing, enhancing long-term stability.
Negative Factors
Choppy revenue and cooling margins
Prolonged top-line weakness and margin compression limit scale economics and reinvestment capacity. If revenue trends and margin erosion persist, it can reduce future cash generation, constrain R&D or product upgrades, and impair the company’s competitive position in Japan’s housing equipment market.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A near-zero debt position materially reduces refinancing and interest-rate risk over a multi-month horizon. The conservative capital structure provides flexibility to fund capex, weather demand shocks, and maintain dividends without relying on external financing, enhancing long-term stability.
Read all positive factors
Chofu Seisakusho Co (5946) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥66.85B
Dividend Yield2.27%
Average Volume (3M)56.97K
Price to Earnings (P/E)31.5
Beta (1Y)0.44
Revenue Growth1.82%
EPS Growth-32.79%
CountryJP
Employees1,179
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)39.27
Shares Outstanding34,239,310
10 Day Avg. Volume64,120
30 Day Avg. Volume56,970
Financial Highlights & Ratios
PEG Ratio-1.02
Price to Book (P/B)0.50
Price to Sales (P/S)1.47
P/FCF Ratio20.02
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
Chofu Seisakusho Co Business Overview & Revenue Model
Company Description
Chofu Seisakusho Co., Ltd. is a Japanese company listed under the ticker symbol 5946, which specializes in the manufacturing of residential and commercial heating appliances. The company is known for its production of water heaters, boilers, and r...
How the Company Makes Money
Chofu Seisakusho Co. primarily generates revenue through the sale of its heating appliances, including water heaters and boilers. The company's revenue streams are diversified across both domestic and international markets, catering to residential...
Chofu Seisakusho Co Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
88
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.03B | 46.50B | 46.12B | 48.51B | 49.79B | 44.86B |
| Gross Profit | 10.41B | 10.36B | 10.39B | 11.86B | 11.93B | 11.12B |
| EBITDA | 1.80B | 3.28B | 3.01B | 4.50B | 6.57B | 5.39B |
| Net Income | 2.30B | 2.17B | 3.14B | 4.00B | 3.87B | 2.91B |
Balance Sheet | ||||||
| Total Assets | 144.01B | 148.08B | 143.26B | 142.01B | 138.14B | 137.47B |
| Cash, Cash Equivalents and Short-Term Investments | 12.51B | 12.39B | 14.48B | 18.84B | 9.68B | 13.55B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 1.00M | 32.00M |
| Total Liabilities | 9.93B | 10.34B | 8.01B | 9.11B | 9.56B | 9.17B |
| Stockholders Equity | 134.07B | 137.73B | 135.25B | 132.91B | 128.58B | 128.30B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.42B | 1.08B | 3.40B | 1.77B | 3.25B |
| Operating Cash Flow | 0.00 | 4.81B | 2.58B | 4.89B | 2.92B | 4.53B |
| Investing Cash Flow | 0.00 | -3.49B | -579.00M | -3.84B | 553.00M | -4.11B |
| Financing Cash Flow | 0.00 | -1.56B | -1.56B | -2.37B | -1.95B | -1.34B |
Chofu Seisakusho Co Technical Analysis
Negative
1928.00
Price Trends
2043.78
Negative
2016.37
Negative
1949.39
Positive
Market Momentum
-16.30
Positive
45.10
Neutral
41.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5946, the sentiment is Negative. The current price of 1928 is below the 20-day moving average (MA) of 2017.60, below the 50-day MA of 2043.78, and below the 200-day MA of 1949.39, indicating a neutral trend. The MACD of -16.30 indicates Positive momentum. The RSI at 45.10 is Neutral, neither overbought nor oversold. The STOCH value of 41.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5946.
Chofu Seisakusho Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥16.64B | 2.31 | ― | 2.30% | 9.86% | 119.10% | |
76 Outperform | ¥513.58B | 11.76 | 8.51% | 2.25% | 3.33% | 9.57% | |
67 Neutral | ¥66.85B | 31.55 | 1.61% | 2.27% | 1.82% | -32.79% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ¥28.02B | 3.93 | ― | 2.94% | 0.41% | -51.02% | |
54 Neutral | ¥4.29B | -27.75 | ― | 3.25% | -1.20% | -1136.47% | |
45 Neutral | ¥5.24B | -3.62 | ― | ― | -23.54% | -14.54% |
* Consumer Cyclical Sector Average
JP:5946
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Chofu Seisakusho Co Corporate Events
Chofu Seisakusho to Introduce Executive Officer System to Bolster Governance
Feb 13, 2026
Chofu Seisakusho will introduce an Executive Officer system from March 19, 2026, after a resolution by its Board of Directors, separating management decision-making and supervisory roles from day-to-day business execution to strengthen corporate g...
Chofu Seisakusho Posts Profit Drop but Projects Strong Earnings Rebound in 2026
Feb 13, 2026
Chofu Seisakusho Co., Ltd. reported consolidated net sales of ¥46.5 billion for the fiscal year ended December 31, 2025, a slight 0.8% increase year on year, while operating profit dipped 1.9% to ¥1.7 billion and profit attributable to o...
Chofu Seisakusho to Introduce Executive Officer System to Bolster Governance
Feb 13, 2026
Chofu Seisakusho Co., Ltd. has resolved to introduce an Executive Officer system to clearly separate management decision-making and supervisory functions from day-to-day business execution. The move aims to strengthen corporate governance and crea...
Chofu Seisakusho Holds Dividend Steady as 2025 Profit Falls, Forecasts Strong Recovery in 2026
Feb 13, 2026
Chofu Seisakusho reported fiscal 2025 consolidated net sales of ¥46.5 billion, up 0.8% year on year, with operating profit slipping 1.9% to ¥1.7 billion and ordinary profit edging up 2.1% to ¥4.6 billion. Profit attributable to owne...
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.