KeePer Technical Laboratory Co.Ltd. (6036) AI Stock Analysis

• Market Cap: ¥82.80B
• Dividend Yield: 1.52%
• Average Volume (3M): 161.32K
• Price to Earnings (P/E): 3.8
• Beta (1Y): 0.73
• Revenue Growth: 10.51%
• EPS Growth: 2.95%
• Country: JP
• Employees: 1,041
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 231.85
• Shares Outstanding: 28,280,840
• 10 Day Avg. Volume: 120,060
• 30 Day Avg. Volume: 161,316
• PEG Ratio: 1.88
• Price to Book (P/B): 5.37
• Price to Sales (P/S): 4.20
• P/FCF Ratio: 25.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 359.05
• Revenue Forecast (FY): ¥25.85B

• Rating: 73 Outperform
• Price Target: ¥3,462.00 ▼(-1.65% Downside)
• Action: Upgraded Date: 12/02/25
• Date: Action: Upgraded 12/02/25

KeePer Technical Laboratory Co.Ltd. scores well due to its strong financial performance, characterized by robust profitability and cash flow management. The technical analysis suggests some caution due to bearish momentum, but valuation metrics indicate the stock is fairly priced. The absence of earnings call data and corporate events does not impact the score.

Positive Factors

Free cash flow strength

A 280.6% surge in free cash flow, with operating cash flow 1.20x net income and free cash flow conversion at 0.79, signals durable cash generation. Reliable cash converts earnings into investable capital, supporting capex, network support and optional returns to shareholders over the medium term.

High and sustainable margins

Persistent gross margin above 50% and strong EBIT/EBITDA margins indicate structural pricing power and efficient operations in the specialty chemicals/car-care niche. These margins create durable cash flow buffers that can fund growth, training programs and channel support without immediate margin erosion.

Conservative balance sheet

Very low leverage (D/E ~0.10) and a high equity ratio provide financial resilience and optionality. Combined with a 27.1% ROE, the company can fund expansion or absorb shocks with limited refinancing risk, supporting stable operations and capital allocation over multiple market cycles.

Negative Factors

Rising total debt

Although current leverage is low, the documented increase in total debt reduces future financial flexibility if the trend continues. Incremental debt could pressure cash available for discretionary investment or dividends and raises refinancing and interest-rate exposure over the medium term.

Slight margin deterioration

A noted decline in gross margin indicates emerging cost pressure or pricing limits in core offerings. If input or service costs continue to rise, sustaining current high profitability will require either price increases or efficiency gains, challenging margin durability over 2–6 months and beyond.

Modest revenue growth

A recent annual revenue growth rate of ~2.15% implies limited top-line expansion relative to margin strength. Slow organic growth constrains scalability of the business model and increases dependence on margin maintenance or new product/channel initiatives to drive longer-term earnings growth.

KeePer Technical Laboratory Co.Ltd. Business Overview & Revenue Model

Company Description

KeePer Technical Laboratory Co., Ltd. engages in the development, manufacture, and sale of car coatings, car washing chemicals and equipment, and other products in Japan. The company also provides interior cleaning products and sheet metal paints. It operates approximately 5500 stores under the KeePer PROSHOP name, and 59 directly managed service centers for car washing and coating under the KeePer LABO name. The company was founded in 1985 and is headquartered in Obu, Japan.

How the Company Makes Money

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KeePer Technical Laboratory Co.Ltd. Financial Statement Overview

Summary

KeePer Technical Laboratory Co.Ltd. exhibits strong financial health with consistent revenue and profit growth, robust profitability margins, and a solid balance sheet with low leverage. The company's cash flow position is particularly strong, supporting its growth trajectory. While the increase in debt levels should be monitored, the company's financial statements reflect a well-managed business with a positive outlook.

Income Statement

KeePer Technical Laboratory Co.Ltd. has demonstrated consistent revenue growth over the years, with a recent annual growth rate of 2.15%. The company maintains strong profitability metrics, with a gross profit margin of 51.7% and a net profit margin of 21.2% for the latest period. EBIT and EBITDA margins are also robust at 30.7% and 33.3%, respectively, indicating efficient operational management. However, the slight decline in gross profit margin from the previous year suggests potential cost pressures.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.097, indicating conservative leverage. The return on equity stands at 27.1%, showcasing effective use of equity capital. The equity ratio is 72.7%, highlighting a strong equity base relative to total assets. Despite these strengths, the increase in total debt over the years warrants monitoring.

Cash Flow

The company has shown impressive free cash flow growth of 280.6% in the latest period, reflecting strong cash generation capabilities. The operating cash flow to net income ratio is 1.20, indicating healthy cash flow relative to earnings. The free cash flow to net income ratio is 0.79, suggesting efficient conversion of earnings into free cash flow. These metrics underscore the company's strong cash flow management.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	23.09B	20.57B	17.04B	14.36B	11.80B
Gross Profit	11.94B	16.82B	13.92B	11.64B	9.29B
EBITDA	7.70B	6.51B	5.79B	4.62B	3.28B
Net Income	4.89B	4.42B	3.96B	3.09B	2.13B
Balance Sheet
Total Assets	24.83B	19.28B	15.08B	11.86B	9.19B
Cash, Cash Equivalents and Short-Term Investments	4.17B	5.14B	3.57B	2.72B	1.52B
Total Debt	1.75B	407.01M	160.00M	539.94M	663.27M
Total Liabilities	6.78B	4.82B	3.93B	3.82B	3.62B
Stockholders Equity	18.04B	14.47B	11.15B	8.04B	5.57B
Cash Flow
Free Cash Flow	3.87B	3.16B	2.50B	1.84B	2.43B
Operating Cash Flow	5.86B	5.28B	3.66B	3.22B	3.09B
Investing Cash Flow	-6.80B	-2.50B	-1.59B	-1.35B	-739.96M
Financing Cash Flow	-27.58M	-1.22B	-1.23B	-669.38M	-2.73B

KeePer Technical Laboratory Co.Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3520.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6036, the sentiment is Negative. The current price of 3520 is above the 20-day moving average (MA) of 3405.00, above the 50-day MA of 3350.10, and above the 200-day MA of 3490.06, indicating a bearish trend. The MACD of -39.37 indicates Positive momentum. The RSI at 36.31 is Neutral, neither overbought nor oversold. The STOCH value of 9.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6036.

KeePer Technical Laboratory Co.Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4633	77 Outperform	¥116.37B	10.07	―	3.72%	5.40%	14.80%
4464	75 Outperform	¥84.38B	19.80	―	1.12%	3.77%	7.65%
4611	74 Outperform	¥37.17B	15.61	―	3.70%	14.83%	51.42%
6036	73 Outperform	¥82.80B	3.80	―	1.52%	10.51%	2.95%
4612	69 Neutral	¥2.45T	13.66	11.64%	1.52%	9.81%	32.64%
4613	68 Neutral	¥417.76B	7.90	13.71%	3.38%	0.29%	27.84%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

KeePer Technical Laboratory Co.Ltd. Corporate Events

KeePer Technical Laboratory Posts February Sales Growth Amid Weather Swings and Tax-Driven Delivery Delays

KeePer Technical Laboratory reported that total sales in February 2026 rose 1.5% year on year to ¥1.67 billion, driven by 6.8% growth in its B-to-C KeePer LABO Operations Business and 3.4% growth in its B-to-B Products and Related segment. Store expansion continued with one new directly operated site and one franchise opening, while volatile weather shifted demand toward lower-priced car wash services, pressuring average unit prices but boosting customer visits and car wash-related maintenance revenue.

In the consumer segment, the new Diamond II KeePer coating supported a 7.0% rise in the Diamond series, even as high-end EX KeePer volumes fell due to postponed new car deliveries ahead of an April 2026 auto tax revision, a trend management expects to reverse with a surge in deliveries from April. On the B-to-B side, sales to KeePer Pro Shops grew double digits on sustained advertising effects, and dealer business for brands such as Subaru, Volvo, and Mercedes-Benz increased despite temporary delivery delays; management remains optimistic about a recovery in both auto and non-auto markets as organizational changes and product strengths are leveraged for further expansion.

The most recent analyst rating on (JP:6036) stock is a Buy with a Yen3630.00 price target. To see the full list of analyst forecasts on KeePer Technical Laboratory Co.Ltd. stock, see the JP:6036 Stock Forecast page.

KeePer Technical Laboratory Corrects Segment Data in Q2 FY2026 Financial Presentation

KeePer Technical Laboratory Co., Ltd. announced that it has corrected errors in the figures for its Non-Automotive Business and Overseas Business within the Products-Related Business segment in its financial results presentation for the second quarter of the fiscal year ending June 2026. The revisions, which affect at least two slides of the disclosed materials, underscore the company’s effort to promptly rectify misreported segment data and maintain transparency for investors and other stakeholders who rely on the accuracy of its quarterly disclosures.

The most recent analyst rating on (JP:6036) stock is a Buy with a Yen3630.00 price target. To see the full list of analyst forecasts on KeePer Technical Laboratory Co.Ltd. stock, see the JP:6036 Stock Forecast page.

KeePer Technical Laboratory Lifts Full-Year Outlook and Dividend Despite Profit Margin Decline

KeePer Technical Laboratory reported non-consolidated net sales of ¥12.9 billion for the six months ended December 31, 2025, up 6.9% year on year, while operating and ordinary profit both declined about 8% to roughly ¥3.7 billion. Despite weaker profitability, profit surged 163.5% to ¥7.2 billion and basic earnings per share climbed to ¥265.20, reflecting one-off or non-operating gains.

The company’s financial position remained solid with total assets of ¥32.8 billion, equity of ¥23.6 billion, and an equity ratio of 71.8%. KeePer confirmed a sharply higher full-year earnings outlook with forecast net sales of ¥26.3 billion and profit of ¥9.34 billion, and plans to raise the annual dividend to ¥100 per share, signaling strong shareholder returns despite softer operating margins.

The most recent analyst rating on (JP:6036) stock is a Buy with a Yen3630.00 price target. To see the full list of analyst forecasts on KeePer Technical Laboratory Co.Ltd. stock, see the JP:6036 Stock Forecast page.

KeePer Technical Laboratory Lifts Profit Outlook on Securities Sale, Funds Growth Investments

KeePer Technical Laboratory has sharply revised its full-year earnings forecast for the fiscal year ending June 30, 2026, after booking ¥6.76 billion in extraordinary income from the sale of investment securities in the second quarter. While net sales and operating income are now projected to be lower than previously forecast, profit attributable to owners of the parent is expected to rise significantly versus both the prior forecast and the previous year, lifting earnings per share.

Management is channeling part of the windfall into marketing, technology, and personnel to underpin future expansion, including heavy TV advertising for its “Diamond II KeePer” product, investment in its LABO application, and store-related costs. The company will also incur special employee bonuses and other one-off expenses, framing these as strategic outlays to support its forthcoming five-year business plan and reinforce its long-term competitive position despite near-term pressure on operating income.

The most recent analyst rating on (JP:6036) stock is a Buy with a Yen3630.00 price target. To see the full list of analyst forecasts on KeePer Technical Laboratory Co.Ltd. stock, see the JP:6036 Stock Forecast page.

KeePer Technical Laboratory Posts Higher H1 Sales but Weaker Operating Margins as Net Profit Jumps on One-Off Gains

KeePer Technical Laboratory reported first-half FY06/2026 net sales of ¥12.94 billion, up 6.9% year on year, driven by growth in both its Products and LABO businesses. However, gross profit was flat at ¥6.60 billion as cost of goods sold rose 15.5%, compressing profitability despite the higher revenue.

Operating profit for the half fell 8.6% to ¥3.69 billion and the operating margin declined 4.8 points to 28.5%, with LABO segment profit dropping over 20% amid higher selling, general and administrative expenses. Even so, net profit surged 163.5% to ¥7.24 billion, lifting the company slightly above its full-year net profit forecast already at the halfway stage, suggesting significant extraordinary income and creating a divergence between underlying operating performance and bottom-line results.

The most recent analyst rating on (JP:6036) stock is a Buy with a Yen3630.00 price target. To see the full list of analyst forecasts on KeePer Technical Laboratory Co.Ltd. stock, see the JP:6036 Stock Forecast page.

KeePer lifts January sales on LABO growth, refocuses product channels

January consolidated sales rose 7.3% year on year as the LABO segment expanded to 167 locations and logged double-digit growth outside snow-hit regions, driven by surging car wash demand, Diamond II KeePer adoption, and rising maintenance orders despite lower average ticket sizes. The products division slipped 0.4%, but aftermarket sales turned positive on DIA II KeePer momentum, new-car dealer channels posted double-digit gains with LX KeePer positioning to lift attachment rates, and a reorganized Head Office Sales Department seeks to revive non-automotive markets, underscoring KeePer’s efforts to stabilize productivity and broaden its customer base amid mixed regional conditions.

The most recent analyst rating on (JP:6036) stock is a Buy with a Yen3552.00 price target. To see the full list of analyst forecasts on KeePer Technical Laboratory Co.Ltd. stock, see the JP:6036 Stock Forecast page.

KeePer Technical Laboratory Announces Special Dividend and Growth Investments Funded by Securities Sale Gains

KeePer Technical Laboratory has resolved to pay a year-end dividend of ¥40 per share as a special dividend, funded from extraordinary income of approximately ¥6.76 billion from the sale of investment securities in the second quarter of the fiscal year ending June 2026, bringing total annual dividends to ¥100 per share. From the estimated post-tax distributable amount of about ¥4.7 billion, the company will allocate funds not only to shareholder returns but also to employee bonuses of roughly ¥470 million and significant advertising and promotional spending on nationwide television commercials and sponsorships, while retaining around ¥3 billion for medium- to long-term growth investments, including acquisition of prime gasoline station sites for KeePer LABO expansion and a ¥50 million stake in used-car online marketplace operator Arakan Co., Ltd., underscoring a balanced strategy of immediate returns and future growth positioning.

The most recent analyst rating on (JP:6036) stock is a Buy with a Yen3552.00 price target. To see the full list of analyst forecasts on KeePer Technical Laboratory Co.Ltd. stock, see the JP:6036 Stock Forecast page.

KeePer Technical Laboratory Sets December Sales Record on Strong LABO and B2B Growth

KeePer Technical Laboratory reported an 8.5% year-on-year increase in total December sales to ¥3.06 billion, driven by record monthly revenue in its B2C KeePer LABO operations and robust growth in its B2B products segment. In the LABO business, sales rose 6.7% to a new all-time monthly high, supported by two new franchise openings and strong demand in the Kanto and Kansai regions helped by large-scale TV advertising, even as heavy snowfall weighed on performance in northern Japan. While December volumes are typically high and raise concerns over overwork, the company successfully reduced labor productivity per hour below its internal caution level—especially in the Chubu region—indicating improved operational structures rather than simply longer working hours. On the B2B side, product-related sales climbed 11.1%, with KeePer PRO Shops posting a 12.0% increase as the newly launched Diamond II KeePer (DIA II) gained traction during the peak demand season, reversing a gradual decline in gas-station aftermarket installations amid sector consolidation. New car dealer sales surged 36.6% despite lower new vehicle registrations, as higher attachment rates and growing adoption of EX KeePer as a genuine accessory by brands such as Subaru, Volvo, and Mercedes-Benz underscored KeePer’s strengthening positioning in the OEM and dealer channels.

The most recent analyst rating on (JP:6036) stock is a Buy with a Yen4008.00 price target. To see the full list of analyst forecasts on KeePer Technical Laboratory Co.Ltd. stock, see the JP:6036 Stock Forecast page.