BALMUDA, Inc. (6612) AI Stock Analysis

• Market Cap: ¥7.05B
• Dividend Yield: N/A
• Average Volume (3M): 5.49K
• Price to Earnings (P/E): 119.1
• Beta (1Y): 0.33
• Revenue Growth: -16.75%
• EPS Growth: 45.18%
• Country: JP
• Employees: 100
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -11.20
• Shares Outstanding: 8,526,200
• 10 Day Avg. Volume: 5,690
• 30 Day Avg. Volume: 5,490
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥830.00
• Price Target Upside: 0.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: ¥830.00 ▲(0.36% Upside)

The overall stock score is primarily influenced by the company's improved financial performance, particularly in cash flow and cost management. However, bearish technical indicators and a negative P/E ratio weigh heavily on the stock's attractiveness, indicating potential risks and challenges ahead.

BALMUDA, Inc. Business Overview & Revenue Model

Company Description

BALMUDA Inc. provides home appliances in Japan and internationally. The company offers steam toasters, electric kettles, open drip coffee makers, electric rice cookers, microwave ovens, and stainless-steel hot plates; fans, portable and other circulator products, air cleaners, and humidifiers; portable LED lanterns, solar LED desk lights, and LED desk lights; wireless speakers and hover cleaners; and consumables/parts, such as filters, batteries, etc. It also provides curry sauces and a collection of recipes. In addition, the company offers smartphones. It sells its products through stores, as well as online. BALMUDA Inc. was incorporated in 2003 and is headquartered in Musashino, Japan.

How the Company Makes Money

BALMUDA, Inc. generates revenue primarily through the sale of its premium home appliances. The company positions itself in the market by offering high-quality, design-focused products that command a premium price, appealing to consumers who value both aesthetics and functionality. Key revenue streams include direct sales through BALMUDA's online platform and retail partnerships with major electronics and home goods stores. The company also benefits from brand loyalty and a strong market presence in Japan, which contributes to steady sales growth. Additionally, BALMUDA occasionally collaborates with other brands or designers to create limited-edition products, further enhancing its revenue through exclusive offerings.

BALMUDA, Inc. Financial Statement Overview

Summary

BALMUDA, Inc. has shown improvements in profitability and cash flow in 2024, with a positive net profit margin and improved gross profit margin. The balance sheet is strong with low leverage, but profitability metrics like return on equity remain modest, indicating room for improvement.

Income Statement

BALMUDA, Inc. has experienced significant volatility in recent years, with revenue showing a declining trend from 2021 to 2024. The company managed a positive net profit margin of 0.54% in 2024, recovering from a negative margin in 2023. The gross profit margin improved to 31.18% in 2024 from 26.92% in 2023, indicating better cost management. However, EBIT and EBITDA margins have been inconsistent, with a significant negative EBIT margin in 2023, reflecting operational challenges.

Balance Sheet

The balance sheet indicates a strong equity position, with an equity ratio of 70.34% in 2024, an improvement from previous years. The debt-to-equity ratio has decreased to 0.10 in 2024, suggesting reduced financial leverage. However, the return on equity remains modest at 1.54% in 2024, a recovery from negative returns in 2023, reflecting improved but still subdued profitability.

Cash Flow

BALMUDA, Inc. has shown a strong recovery in its free cash flow, with substantial growth in 2024 following negative figures in 2023. The operating cash flow to net income ratio is robust at 20.12 in 2024, indicating strong cash generation relative to net income. Moreover, the free cash flow to net income ratio of 17.35 further highlights effective cash flow management despite previous volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.29B	12.46B	13.01B	17.59B	18.38B	12.59B
Gross Profit	3.82B	3.89B	3.50B	5.47B	7.32B	5.45B
EBITDA	511.25M	507.00M	-1.33B	574.00M	1.81B	1.54B
Net Income	-74.00M	67.00M	-2.07B	3.00M	1.01B	834.00M
Balance Sheet
Total Assets	5.79B	6.18B	7.80B	9.91B	10.88B	9.11B
Cash, Cash Equivalents and Short-Term Investments	1.41B	1.34B	1.17B	1.25B	1.00B	4.45B
Total Debt	424.00M	428.00M	1.44B	1.41B	1.42B	1.15B
Total Liabilities	1.74B	1.83B	3.54B	3.60B	4.59B	4.36B
Stockholders Equity	4.04B	4.35B	4.26B	6.31B	6.29B	4.76B
Cash Flow
Free Cash Flow	0.00	1.16B	-192.00M	231.00M	-4.12B	1.17B
Operating Cash Flow	0.00	1.35B	246.00M	840.00M	-3.24B	1.58B
Investing Cash Flow	0.00	-205.00M	-371.00M	-621.00M	-964.00M	-421.00M
Financing Cash Flow	0.00	-1.01B	44.00M	5.00M	738.00M	2.05B

BALMUDA, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 827.00
• 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:6612, the sentiment is Negative. The current price of 827 is below the 20-day moving average (MA) of 837.25, below the 50-day MA of 845.40, and below the 200-day MA of 881.08, indicating a bearish trend. The MACD of -4.76 indicates Positive momentum. The RSI at 38.21 is Neutral, neither overbought nor oversold. The STOCH value of 5.45 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6612.

BALMUDA, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7807	80 Outperform	4.32B	7.09	21.11%	1.40%	0.28%	-27.08%
5956	74 Outperform	4.98B	7.59	3.40%	1.80%	6.36%	163.79%
8119	73 Outperform	8.11B	16.01	7.28%	7.55%	-4.39%	-58.25%
5951	58 Neutral	13.76B	10.72	0.00%	2.59%	4.20%	46.05%
6612	50 Neutral	¥7.05B	119.08		―	-16.75%	45.18%
6897	46 Neutral	4.44B	-12.89	-1.32%	3.12%	-2.32%	-574.50%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

BALMUDA, Inc. Corporate Events

BALMUDA Inc. Reports Decline in First Half 2025 Financial Results

BALMUDA Inc. reported a significant decline in its financial performance for the first half of 2025, with net sales dropping by 18.1% compared to the previous year. The company experienced operating and ordinary losses, reflecting challenges in maintaining profitability. Despite a decrease in total assets, the equity-to-asset ratio improved slightly, indicating a relatively stable financial position. The company has not announced any changes to its cash dividend forecast, and it anticipates modest growth in net sales for the full fiscal year.