TSUKISHIMA HOLDINGS CO. LTD. (6332) AI Stock Analysis

• Market Cap: ¥107.27B
• Dividend Yield: 3.75%
• Average Volume (3M): 532.00K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 0.81
• Revenue Growth: 2.46%
• EPS Growth: 533.70%
• Country: JP
• Employees: 3,517
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 221.05
• Shares Outstanding: 44,125,800
• 10 Day Avg. Volume: 447,920
• 30 Day Avg. Volume: 532,000
• PEG Ratio: 0.07
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 0.53
• P/FCF Ratio: 4.16
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ¥2,831.00 ▲(9.64% Upside)

TSUKISHIMA HOLDINGS CO. LTD. scores well due to its strong financial performance, characterized by revenue growth and improved profitability. The stock's valuation is attractive with a reasonable P/E ratio and a solid dividend yield. However, technical analysis presents mixed signals, with bearish momentum indicators offsetting some of the positive financial aspects.

Positive Factors

Revenue Growth

The company's significant revenue growth indicates a strong market position and effective business strategies, supporting long-term expansion.

Balance Sheet Health

Low financial leverage and a strong capital structure reduce financial risk, providing stability and flexibility for future investments.

Cash Flow Management

Effective cash flow management ensures liquidity and supports sustainable operations, enabling the company to invest in growth opportunities.

Negative Factors

Cash Flow Volatility

Inconsistent cash flows can hinder the company's ability to fund operations and growth initiatives, posing a risk to financial stability.

Profit Margin Pressure

Stable margins indicate limited improvement in cost efficiency, which may challenge profitability if market conditions tighten.

Management of Financial Leverage

While leverage is low, maintaining this balance is crucial to avoid potential over-leverage, which could impact financial flexibility.

TSUKISHIMA HOLDINGS CO. LTD. Business Overview & Revenue Model

Company Description

Tsukishima Kikai Co., Ltd. provides systems and plant facilities for the industry, water, and wastewater facilities in Japan and internationally. The company offers plants, including incinerators for sewage treatment plants, as well as dehydrators, dryers, and other equipment; services, such as operation and maintenance of water purification and sewage treatment facilities; repairing services for machinery and equipment; and intermediate treatment of general and industrial waste from daily life and industrial activities, as well as engages in the waste power generation using waste heat, and solar power generation. It also provides equipment and plants for exhaust gas treatment, and the manufacture of materials for lithium-ion secondary batteries; industrial dryers; and acid recovery systems to recover and enable the reuse of waste acid from factories. In addition, the company supplies parts and chemicals; treatment facilities for waste liquid and waste generated by industrial activities; and replacement parts and other supplies for plants, equipment, incineration facilities, and other equipment. The company was formerly known as Tokyo Tsukishima Kikai Seisakusho and changed its name to Tsukishima Kikai Co., Ltd. in May 1917. Tsukishima Kikai Co., Ltd. was founded in 1905 and is headquartered in Tokyo, Japan.

How the Company Makes Money

TSUKISHIMA HOLDINGS generates revenue through multiple key streams, primarily from the sale of its industrial machinery and environmental systems. The company earns money by providing specialized equipment and solutions that cater to different industries, including water treatment, chemical processing, and food production. Revenue is bolstered by long-term contracts and service agreements that ensure ongoing maintenance and support for its products. Additionally, partnerships with other firms and collaborations on projects enhance its market reach and facilitate access to larger contracts, contributing to its overall financial performance.

TSUKISHIMA HOLDINGS CO. LTD. Financial Statement Overview

Summary

TSUKISHIMA HOLDINGS CO. LTD. demonstrates strong financial performance with significant revenue growth and improved profitability. The company maintains a healthy balance sheet with low financial leverage and a strong capital structure. Cash flow management has improved, though past volatility suggests a need for consistent cash generation.

Income Statement

TSUKISHIMA HOLDINGS CO. LTD. shows strong revenue growth with a 12.1% increase from 2024 to 2025, alongside improving profitability metrics. The Gross Profit Margin remains stable around 19.8% in 2025, with a notable increase in Net Profit Margin to 4.8% from 2.2% in 2024. The EBIT and EBITDA margins have also improved, indicating efficient cost management. Overall, the company demonstrates solid financial performance and growth trajectory.

Balance Sheet

The company maintains a healthy balance sheet with a Debt-to-Equity Ratio of 0.23 in 2025, reflecting low financial leverage. The Equity Ratio stands at 48.4%, suggesting a strong capital structure. Return on Equity has improved significantly to 7.2% in 2025 from 3.1% in 2024, indicating enhanced profitability for shareholders. These metrics show a stable financial position with low risk of financial distress.

Cash Flow

TSUKISHIMA HOLDINGS CO. LTD. exhibits robust cash flow management, with a remarkable turnaround in Free Cash Flow from negative values in previous years to a positive ¥17.71 billion in 2025. The Operating Cash Flow to Net Income Ratio is strong at 2.77, demonstrating effective conversion of income to cash. However, past volatility in cash flows suggests a need for maintaining consistent cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	139.95B	139.24B	124.20B	97.78B	93.08B	90.55B
Gross Profit	29.29B	27.55B	25.81B	19.79B	20.40B	20.57B
EBITDA	18.54B	15.83B	11.13B	8.77B	14.29B	5.97B
Net Income	8.92B	6.67B	2.67B	4.21B	8.17B	958.00M
Balance Sheet
Total Assets	183.63B	192.25B	208.01B	146.46B	153.57B	144.12B
Cash, Cash Equivalents and Short-Term Investments	44.36B	30.56B	30.04B	23.26B	29.06B	34.13B
Total Debt	18.21B	21.65B	38.14B	19.09B	27.76B	27.60B
Total Liabilities	73.89B	80.19B	102.48B	63.78B	72.63B	72.33B
Stockholders Equity	92.63B	93.06B	87.35B	81.18B	79.50B	70.47B
Cash Flow
Free Cash Flow	0.00	17.71B	-8.37B	5.82B	-14.04B	5.86B
Operating Cash Flow	0.00	18.46B	-5.63B	8.23B	812.00M	10.08B
Investing Cash Flow	0.00	1.43B	-2.77B	-2.82B	-5.37B	-4.45B
Financing Cash Flow	0.00	-20.47B	7.44B	-11.56B	-628.00M	7.32B

TSUKISHIMA HOLDINGS CO. LTD. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2582.00
• 50DMA: Negative
• 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:6332, the sentiment is Positive. The current price of 2582 is below the 20-day moving average (MA) of 2598.95, below the 50-day MA of 2672.18, and above the 200-day MA of 2212.75, indicating a neutral trend. The MACD of -2.95 indicates Negative momentum. The RSI at 54.35 is Neutral, neither overbought nor oversold. The STOCH value of 79.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6332.

TSUKISHIMA HOLDINGS CO. LTD. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6331	79 Outperform	€81.56B	13.02	16.37%	2.83%	31.48%	16.11%
9551	76 Outperform	$121.17B	14.74	12.54%	1.65%	13.86%	51.05%
6332	72 Outperform	¥107.27B	12.23	―	3.75%	2.46%	533.70%
6013	71 Outperform	¥192.39B	18.54	9.02%	3.16%	1.25%	-3.97%
6489	68 Neutral	¥33.78B	11.25	―	2.80%	0.18%	-18.93%
7004	66 Neutral	¥163.48B	9.20	―	2.02%	2.47%	1.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%