ICHIKURA Co., Ltd. (6186) AI Stock Analysis

• Market Cap: ¥2.15B
• Dividend Yield: 3.76%
• Average Volume (3M): 2.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.37
• Revenue Growth: -2.06%
• EPS Growth: -109.18%
• Country: JP
• Employees: 726
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): -24.87
• Shares Outstanding: 5,531,006
• 10 Day Avg. Volume: 2,820
• 30 Day Avg. Volume: 2,666
• PEG Ratio: 0.19
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.11
• P/FCF Ratio: -7.77
• 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: 61 Neutral
• Price Target: ¥433.00 ▲(15.16% Upside)

The score is primarily held back by weak profitability (net loss) and negative free cash flow, despite a reasonably stable balance sheet. Technicals show strong upside momentum but are overbought, raising short-term risk. Valuation is constrained by the negative P/E, partially offset by a moderate dividend yield.

Positive Factors

High gross profit margin

A 63.3% gross margin demonstrates durable product-level profitability and likely pricing power in precision components. This margin buffer can absorb SG&A or R&D investment, supporting sustainable profits if operational efficiency and revenue trends stabilize over the medium term.

Diversified end-market exposure

Serving electronics, automotive and industrial machinery reduces dependence on any single cycle and supports steady demand. A multi-sector client base and custom automated solutions increase resilience, repeat business and long-term contract potential across differing macro environments.

Positive operating cash flow

Positive operating cash flow indicates the core business still generates cash from operations, an important sustainable cash generator. With disciplined capex timing, this can underwrite working capital and support gradual deleveraging or targeted investments over months ahead.

Negative Factors

Net loss and negative profitability

A reported net loss and negative net margin reflect current inability to convert gross profitability into bottom-line earnings. Unless operating expenses and margins are restored, persistent losses can erode equity and constrain reinvestment capacity over the medium term.

Negative free cash flow due to heavy capex

Sustained negative free cash flow driven by large capital expenditures strains liquidity and may force external financing. Over several months, ongoing FCF deficits limit flexibility for R&D, dividends or debt reduction and raise refinancing and execution risk for growth projects.

Revenue decline and margin compression

Falling revenue combined with weaker EBIT/EBITDA margins signals operational pressures or market share erosion. If revenue trends and margin compression persist, the company may face difficulty restoring profitability and achieving scale economics in the coming quarters.

ICHIKURA Co., Ltd. Business Overview & Revenue Model

Company Description

Ichikura Co., Ltd. develops, sells, and rents kimonos for ceremonies in Japan. It also provides staff wedding support services, such as planning and development services for photo products, including cooking, flower decoration, beauty, costumes, photography, albums, etc. The company was founded in 1991 and is headquartered in Saitama, Japan.

How the Company Makes Money

ICHIKURA Co., Ltd. generates revenue through the sale of its precision instruments and components across multiple sectors. The company's revenue model is primarily based on direct sales to manufacturers in the electronics, automotive, and industrial industries. Key revenue streams include the sale of sensors, measuring devices, and custom automated solutions. Additionally, ICHIKURA may engage in partnerships with other technology firms and manufacturers to develop specialized products, which can enhance its market reach and revenue potential. The company also benefits from repeat business and long-term contracts with clients who rely on its precision technology for their production processes.

ICHIKURA Co., Ltd. Financial Statement Overview

Summary

Income statement is pressured by revenue decline and a net loss (negative net margin), with weaker EBIT/EBITDA margins. Balance sheet is moderate with a manageable debt-to-equity (1.37) but negative ROE. Cash flow is a key drag as free cash flow turned negative due to heavy capex, despite positive operating cash flow.

Income Statement

Despite a decline in revenue from the previous year, ICHIKURA Co., Ltd. maintains a solid gross profit margin of 63.3% in 2025. However, the company reported a net loss, resulting in a negative net profit margin of -0.5%, a significant drop from positive figures in previous years. The EBIT and EBITDA margins also declined, indicating weakened operational efficiency.

Balance Sheet

ICHIKURA Co., Ltd. exhibits a balanced debt-to-equity ratio of 1.37, with total debt slightly increasing over the years. The equity ratio is 21.9%, highlighting a moderate reliance on equity financing. Return on equity turned negative due to the net loss, suggesting room for improvement in generating shareholder returns.

Cash Flow

The company's free cash flow turned negative, with substantial capital expenditures impacting cash availability. The operating cash flow remains positive but lower than previous periods, and the ratio to net income is unfavorable due to the net loss, indicating challenges in cash generation relative to accounting profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	19.60B	19.93B	20.43B	19.75B	18.57B	14.15B
Gross Profit	12.42B	12.62B	12.57B	12.12B	11.41B	8.23B
EBITDA	372.13M	603.86M	868.65M	1.10B	1.05B	-1.37B
Net Income	-275.84M	-96.94M	629.27M	597.26M	617.05M	-2.45B
Balance Sheet
Total Assets	19.78B	20.00B	20.11B	19.14B	18.20B	17.85B
Cash, Cash Equivalents and Short-Term Investments	4.63B	4.77B	4.99B	4.49B	4.68B	4.57B
Total Debt	5.95B	5.97B	5.71B	5.52B	5.41B	6.69B
Total Liabilities	16.00B	15.62B	15.58B	15.14B	14.79B	14.43B
Stockholders Equity	3.79B	4.38B	4.53B	3.99B	3.40B	3.42B
Cash Flow
Free Cash Flow	0.00	-277.32M	185.96M	-72.69M	1.48B	-1.02B
Operating Cash Flow	0.00	548.95M	699.10M	1.06B	1.73B	-717.84M
Investing Cash Flow	0.00	-1.09B	-687.76M	-1.49B	-316.82M	-369.75M
Financing Cash Flow	0.00	89.01M	50.32M	10.64M	-1.33B	1.30B

ICHIKURA Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 376.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6186, the sentiment is Positive. The current price of 376 is below the 20-day moving average (MA) of 385.30, below the 50-day MA of 380.14, and below the 200-day MA of 387.20, indicating a bullish trend. The MACD of 3.00 indicates Negative momentum. The RSI at 61.48 is Neutral, neither overbought nor oversold. The STOCH value of 55.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6186.

ICHIKURA Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
6186	61 Neutral	¥2.15B	-56.11	―	3.76%	-2.06%	-109.18%
2300	61 Neutral	¥2.69B	113.84	―	2.11%	0.33%	-80.32%
2196	54 Neutral	¥3.80B	-14.76	―	―	-4.35%	-132.57%
3041	49 Neutral	¥1.94B	141.28	―	1.19%	6.83%	1654.82%
7578	44 Neutral	¥2.12B	4.20	―	―	-15.38%	―
7062	41 Neutral	¥2.12B	28.67	―	―	31.45%	―