Oizumi Corporation (6428) AI Stock Analysis

• Market Cap: ¥8.01B
• Dividend Yield: 3.67%
• Average Volume (3M): 17.93K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.57
• Revenue Growth: -10.43%
• EPS Growth: -97.41%
• Country: JP
• Employees: 451
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 5.53
• Shares Outstanding: 22,500,000
• 10 Day Avg. Volume: 14,980
• 30 Day Avg. Volume: 17,930
• PEG Ratio: -0.56
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 0.37
• P/FCF Ratio: -4.72
• 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: 63 Neutral
• Price Target: ¥382.00 ▲(14.37% Upside)
• Action: Reiterated Date: 10/31/25
• Date: Action: Reiterated 10/31/25

The overall stock score is primarily influenced by the mixed financial performance and stretched valuation. While technical indicators suggest a positive trend, the high P/E ratio raises concerns about overvaluation. The stable balance sheet and dividend yield provide some support, but challenges in profitability and cash flow stability weigh on the score.

Positive Factors

Stable balance sheet

A relatively stable equity ratio and manageable leverage provide financial resilience over the next several months. This foundation reduces refinancing and solvency risk, supports capital allocation for operations or selective investment, and underpins confidence in meeting near-term obligations.

Positive EBITDA margin

A positive EBITDA margin signals underlying operational profitability and cost control even amid top-line volatility. Sustained core profitability helps absorb sales shocks, preserve cash available for reinvestment or dividends, and supports medium-term margin recovery strategies.

Dividend yield supports shareholders

A near-3.7% dividend yield indicates disciplined cash return policy, which can sustain investor support during cyclical downturns. Over 2-6 months, a steady yield helps stabilize shareholder base and signals management prioritizes shareholder returns amid mixed earnings.

Negative Factors

Sharp revenue decline

A roughly 54% decline in reported revenue is a material erosion of scale that weakens pricing power and operating leverage. Sustained top-line contraction pressures margins, reduces investment capacity, and raises execution risk for restoring growth over the medium term.

Negative free cash flow & volatile OCF

Negative free cash flow and volatile operating cash flows constrain the company's ability to fund capex, service debt, or maintain dividends without external financing. This structural cash conversion weakness increases liquidity risk and limits strategic flexibility over coming quarters.

Declining profitability and EPS

A roughly 39% drop in EPS alongside falling net profit margins indicates margin compression and weaker earnings power. Persistently lower profitability reduces retained earnings for reinvestment and heightens dependence on operational improvements to restore sustainable returns.

Oizumi Corporation Business Overview & Revenue Model

Company Description

OIZUMI Corporation engages in the manufacture and sale of gaming machines, and related devices and equipment in Japan. The company offers Pachislot machines, peripheral equipment, WICA series products, eco equipment, and medal supply collect products. It also leases and manages real estate properties. The company was founded in 1974 and is headquartered in Atsugi, Japan.

How the Company Makes Money

Oizumi Corporation generates revenue primarily through the sale of gaming machines and equipment to casinos and gaming establishments. The company earns income from the direct sale of its products as well as from ongoing maintenance and support services for those machines. Additionally, Oizumi may benefit from licensing agreements and partnerships with other gaming companies, enhancing its product offerings and expanding its market reach. The company's revenue model is bolstered by its focus on innovation and technology, allowing it to meet the evolving demands of the gaming industry and attract a diverse customer base.

Oizumi Corporation Financial Statement Overview

Summary

Oizumi Corporation displays a mixed financial health profile. Profitability margins and revenue growth face challenges, with a decrease in net profit margin and inconsistent revenue growth. However, operational efficiency remains relatively strong, and the balance sheet is stable, though cash flow volatility and leverage levels present potential risks.

Income Statement

Oizumi Corporation shows a mixed performance in its income statement. The gross profit margin has seen slight fluctuations, indicating some instability in cost management. Net profit margin has decreased over the years, suggesting pressures on profitability. Revenue growth has been inconsistent, with a notable decline in recent years, impacting the overall financial performance. Despite this, the company maintains a positive EBITDA margin, reflecting reasonable operational efficiency.

Balance Sheet

The company's balance sheet exhibits strengths in equity stability, with a relatively stable equity ratio. The debt-to-equity ratio shows a manageable level of leverage, though there is room for improvement. Return on equity has been variable but demonstrates the potential for profitability. Overall, the balance sheet reflects a stable financial foundation with some leverage concerns.

Cash Flow

Cash flow analysis indicates challenges in free cash flow generation, with negative free cash flow in recent periods. Operating cash flow trends show volatility, which could impact future liquidity. The operating cash flow to net income ratio is low, suggesting inefficiencies in converting income to cash. Despite these issues, the company has maintained some level of capital expenditure, indicating investment in growth.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	19.19B	20.11B	21.39B	18.13B	10.79B	12.81B
Gross Profit	5.93B	6.36B	7.12B	5.90B	2.86B	3.88B
EBITDA	1.79B	1.94B	2.23B	3.00B	1.52B	2.79B
Net Income	33.66M	246.32M	528.95M	1.51B	389.11M	1.18B
Balance Sheet
Total Assets	39.43B	38.96B	41.94B	43.75B	34.80B	36.15B
Cash, Cash Equivalents and Short-Term Investments	7.98B	6.97B	8.00B	7.87B	7.90B	10.40B
Total Debt	16.04B	15.99B	17.64B	16.74B	14.14B	14.32B
Total Liabilities	21.02B	20.65B	23.58B	25.49B	18.13B	19.65B
Stockholders Equity	18.41B	18.31B	18.36B	18.26B	16.67B	16.50B
Cash Flow
Free Cash Flow	0.00	-1.56B	-394.16M	333.31M	-2.40B	3.13B
Operating Cash Flow	0.00	354.62M	90.24M	533.64M	5.26M	3.25B
Investing Cash Flow	0.00	382.66M	146.06M	-664.09M	-2.13B	-202.81M
Financing Cash Flow	0.00	-1.77B	-101.55M	91.57M	-368.63M	-1.57B

Oizumi Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 334.00
• 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:6428, the sentiment is Positive. The current price of 334 is below the 20-day moving average (MA) of 350.55, below the 50-day MA of 341.80, and above the 200-day MA of 326.84, indicating a bullish trend. The MACD of 5.32 indicates Negative momentum. The RSI at 60.32 is Neutral, neither overbought nor oversold. The STOCH value of 63.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6428.

Oizumi Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3907	64 Neutral	¥1.87B	9.11	―	1.36%	2.33%	―
6428	63 Neutral	¥8.01B	17.19	―	3.67%	-10.43%	-97.41%
3911	62 Neutral	¥9.90B	9.11	―	―	11.15%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
3698	60 Neutral	¥5.27B	14.84	―	2.13%	8.88%	38.16%
3851	51 Neutral	¥4.20B	-14.28	―	0.64%	-13.35%	-258.79%
3760	49 Neutral	¥4.41B	-1.23	―	1.44%	4.29%	-123.59%

Oizumi Corporation Corporate Events

Oizumi Corp. Delivers Strong Profit Rebound on Higher Sales in Q3 FY2025

Oizumi Corporation reported consolidated net sales of ¥17.22 billion for the quarter ended December 2025, up 7.4% from a year earlier, indicating moderate topline growth. Operating profit surged 117.5% to ¥885 million and ordinary profit rose 120.0% to ¥872 million, highlighting a sharp recovery in profitability compared with the prior-year period.

Profit attributable to owners of parent increased 33.0% to ¥900 million, with basic earnings per share climbing to ¥40.05 from ¥30.11, underscoring improved returns to shareholders. Total assets expanded to ¥41.55 billion and net assets to ¥18.98 billion, though the capital adequacy ratio edged down to 45.7% from 47.0%, suggesting a modest increase in leverage alongside balance sheet growth, while no interim dividends were recorded for the current fiscal year to date.

The most recent analyst rating on (JP:6428) stock is a Hold with a Yen322.00 price target. To see the full list of analyst forecasts on Oizumi Corporation stock, see the JP:6428 Stock Forecast page.