Amano (6436) AI Stock Analysis

• Market Cap: ¥267.45B
• Dividend Yield: 4.21%
• Average Volume (3M): 130.89K
• Price to Earnings (P/E): 16.8
• Beta (1Y): 0.67
• Revenue Growth: 4.91%
• EPS Growth: 18.45%
• Country: JP
• Employees: 5,335
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 59.82
• Shares Outstanding: 71,106,130
• 10 Day Avg. Volume: 116,190
• 30 Day Avg. Volume: 130,893
• PEG Ratio: 0.43
• Price to Book (P/B): 2.09
• Price to Sales (P/S): 1.62
• P/FCF Ratio: 14.12
• 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: 71 Outperform
• Price Target: ¥4,601.00 ▲(11.00% Upside)

Amano's overall stock score is driven by its strong financial performance and attractive valuation. The technical analysis supports a moderate bullish outlook. However, challenges in revenue and cash flow growth need to be addressed to sustain long-term performance.

Positive Factors

Strong Operating Margins

Sustained high gross and operating margins indicate structurally profitable product lines and pricing power in time systems and environmental equipment. Durable margins support reinvestment, R&D, and dividends, reducing reliance on cyclical volume to maintain returns over months.

Multi-year Revenue Growth

A clear multi-year revenue uptrend demonstrates expanding market penetration and recurring demand for both time-management solutions and cleaning equipment. Persistent top-line growth supports scale advantages, improves fixed-cost absorption and underpins longer-term margin stability.

Conservative Balance Sheet

Low absolute leverage and improving ROE provide financial flexibility for investment, acquisitions, or shareholder returns. A conservative capital structure reduces refinancing risk and supports resilience through business cycles, a durable strength over the coming months.

Negative Factors

Weak Operating Cash Flow Coverage

OCF materially below accounting earnings suggests working-capital swings or timing differences that can constrain free cash availability. Over 2–6 months this limits capacity to fund capex, acquisitions, or dividends without drawing on reserves or raising external financing.

Softer Net Margin

Net margin noticeably below operating margin highlights pressure from taxes, interest, or non-operating items that erode final profitability. Persistently lower net conversion reduces retained earnings and long-term cash flow available for reinvestment or balance sheet repair.

Rising Leverage Trend

Although leverage remains low in absolute terms, a rising trend can signal increased reliance on debt for growth or working-capital needs. If operating cash conversion stays weak, even modestly higher leverage reduces margin for error and financial flexibility over the medium term.

Amano Business Overview & Revenue Model

Company Description

Amano Corporation (6436) is a Japan-based company primarily engaged in the manufacturing and sales of time recording systems, labor management solutions, and parking management systems. The company operates in various sectors, including time and attendance management, payroll processing, and security systems, catering to a diverse clientele ranging from small businesses to large enterprises. Amano's core products include time clocks, biometric identification systems, and software solutions that streamline workforce management and enhance operational efficiency.

How the Company Makes Money

Amano generates revenue through multiple streams, primarily by selling its time recording and labor management products, which include hardware and accompanying software solutions. The company also earns income through service contracts, maintenance agreements, and software licensing fees. Key revenue streams are bolstered by partnerships with businesses in industries such as retail, manufacturing, and logistics that require efficient employee management systems. Additionally, Amano benefits from recurring revenue through ongoing service contracts and software updates, which provide stable income over time.

Amano Financial Statement Overview

Summary

Strong overall fundamentals: consistent profitability (TTM gross margin ~46%, EBIT margin ~14%, EBITDA margin ~20%) and a solid multi-year revenue uptrend (113.6B in 2021 to 175.4B in 2025). Balance sheet is conservatively financed (TTM debt-to-equity ~0.16) with improving ROE (~13% TTM). Main offsets are softer TTM net margin (~9%) and weaker operating cash flow coverage (~0.5–0.56), which could reflect working-capital volatility.

Income Statement

Profitability is solid and consistent, with TTM (Trailing-Twelve-Months) gross margin around 46% and operating profitability holding up (EBIT margin ~14%, EBITDA margin ~20%). The company also shows a strong multi-year revenue trajectory (revenue rising from 113.6B in 2021 to 175.4B in 2025 annual), supporting earnings growth. The main drawback is that net margin is only in the high single-digits to ~10% range and appears slightly lower in TTM (about 9%) versus the latest annual period, suggesting some pressure below the operating line.

Balance Sheet

The balance sheet looks conservatively financed with low leverage (debt-to-equity ~0.16 in TTM (Trailing-Twelve-Months), historically closer to ~0.08–0.11) and a sizable equity base. Returns on equity are healthy and improving versus earlier years (TTM ~13% vs ~8–10% in 2021–2023), indicating better capital efficiency. A watch item is that leverage has drifted up from earlier years, even if it remains low in absolute terms.

Cash Flow

Cash generation is generally supportive, with positive and growing free cash flow (TTM free cash flow 18.3B; growth strong in TTM and positive in recent annual periods). Free cash flow conversion is decent (roughly 75–82% of net income across periods), indicating earnings are translating to cash reasonably well. The key weakness is that operating cash flow coverage is only around ~0.5–0.56 across periods, pointing to less robust cash inflow relative to the underlying profit base and potential working-capital swings.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	175.42B	152.86B	132.81B	118.43B	113.60B
Gross Profit	78.91B	68.95B	60.26B	53.55B	49.84B
EBITDA	37.49B	29.87B	26.23B	22.81B	18.69B
Net Income	17.83B	13.14B	11.29B	9.73B	7.25B
Balance Sheet
Total Assets	194.34B	184.59B	171.25B	159.34B	150.56B
Cash, Cash Equivalents and Short-Term Investments	67.82B	65.30B	65.76B	63.56B	58.99B
Total Debt	21.73B	13.86B	12.21B	8.97B	8.22B
Total Liabilities	57.77B	56.48B	49.61B	43.07B	38.97B
Stockholders Equity	135.93B	127.60B	120.75B	115.52B	110.85B
Cash Flow
Free Cash Flow	20.11B	17.91B	14.58B	15.65B	11.52B
Operating Cash Flow	24.67B	23.77B	18.95B	19.20B	15.60B
Investing Cash Flow	-4.19B	-10.22B	-7.38B	-5.89B	-6.36B
Financing Cash Flow	-17.36B	-18.22B	-13.95B	-10.87B	-8.63B

Amano Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4145.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6436, the sentiment is Negative. The current price of 4145 is below the 20-day moving average (MA) of 4175.50, below the 50-day MA of 4181.30, and below the 200-day MA of 4186.37, indicating a bearish trend. The MACD of -56.15 indicates Positive momentum. The RSI at 20.76 is Positive, neither overbought nor oversold. The STOCH value of 8.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6436.

Amano Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7745	80 Outperform	¥62.42B	9.76	―	2.31%	6.50%	30.54%
6866	79 Outperform	¥84.06B	15.28	―	3.23%	7.28%	4.16%
6590	74 Outperform	¥309.08B	26.61	―	1.49%	18.20%	28.13%
6914	71 Outperform	¥86.52B	12.48	―	1.68%	2.72%	33.10%
6436	71 Outperform	¥267.45B	16.77	12.93%	4.21%	4.91%	18.45%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
7717	54 Neutral	¥30.12B	37.80	2.31%	2.67%	-7.95%	-34.83%

Amano Corporate Events

Amano Announces ¥4.5 Billion Share Buyback via ToSTNeT-3

Amano Corporation has approved a share buyback using the Tokyo Stock Exchange’s off-auction own share repurchase system (ToSTNeT-3), setting the purchase price at ¥3,914 per share, the January 30, 2026 closing price. The company plans to acquire up to 1,147,000 shares of its common stock, equivalent to 1.61% of its outstanding shares (excluding treasury stock), for a total acquisition cost of up to approximately ¥4.49 billion within a broader authorized ceiling of ¥5 billion between February 2 and March 31, 2026. The transaction will be executed in a single ToSTNeT-3 trade at 8:45 a.m. on February 2, 2026, and the result will be disclosed after the close of that trading session, though the company notes the buyback may be reduced or not implemented depending on market conditions. The move underscores Amano’s ongoing use of treasury stock purchases as a capital management tool, likely aimed at enhancing shareholder value and optimizing its capital structure, while delegating detailed execution decisions to the president or a designated representative.

The most recent analyst rating on (JP:6436) stock is a Hold with a Yen4505.00 price target. To see the full list of analyst forecasts on Amano stock, see the JP:6436 Stock Forecast page.

Amano Launches ¥5 Billion Share Buyback to Boost Capital Efficiency

Amano Corporation’s board has approved a share repurchase program authorizing the acquisition of up to 1,147,000 shares, or about 1.61% of its outstanding common stock (excluding treasury shares), for a total consideration of up to ¥5 billion. The buyback, to be executed via the Tokyo Stock Exchange’s ToSTNeT-3 off-auction system between February 2 and March 31, 2026, is aimed at strengthening shareholder returns, enhancing capital efficiency, and allowing more flexible capital management amid a changing business environment, signaling a shareholder-friendly stance and more active balance sheet management.

The most recent analyst rating on (JP:6436) stock is a Hold with a Yen4505.00 price target. To see the full list of analyst forecasts on Amano stock, see the JP:6436 Stock Forecast page.

Amano Posts Flat Profits, Lower Nine-Month Earnings but Confirms Full-Year Forecast and Higher Dividend

Amano Corporation reported consolidated net sales of ¥127.0 billion for the third quarter of fiscal 2025, a modest 0.9% year-on-year increase, while operating and ordinary profit were essentially flat and net income attributable to owners of the parent fell 10.6% to ¥10.9 billion, resulting in lower earnings per share. Despite the earnings decline and a reduction in total assets and net assets compared with the end of the prior fiscal year, the company’s equity ratio improved to 71.2%, and it maintained its full-year forecast, targeting ¥180.0 billion in sales and slight profit growth, alongside a plan to raise the annual dividend to ¥180 per share, signaling continued shareholder returns even amid profit pressure.

The most recent analyst rating on (JP:6436) stock is a Hold with a Yen4505.00 price target. To see the full list of analyst forecasts on Amano stock, see the JP:6436 Stock Forecast page.