Miyakoshi Holdings, Inc. (6620) AI Stock Analysis

• Market Cap: ¥35.25B
• Dividend Yield: N/A
• Average Volume (3M): 82.79K
• Price to Earnings (P/E): 157.6
• Beta (1Y): 1.52
• Revenue Growth: -33.10%
• EPS Growth: -49.56%
• Country: JP
• Employees: 26
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.23
• Shares Outstanding: 40,014,942
• 10 Day Avg. Volume: 54,670
• 30 Day Avg. Volume: 82,786
• PEG Ratio: -4.37
• Price to Book (P/B): 1.94
• Price to Sales (P/S): 49.45
• P/FCF Ratio: 391.83
• 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: 55 Neutral
• Price Target: ¥931.00 ▲(13.68% Upside)

The score is held up by strong underlying financial stability (debt-free balance sheet and high profitability), but is significantly weighed down by a weak technical trend (below key moving averages with negative MACD) and an expensive valuation (very high P/E with no dividend yield provided).

Positive Factors

Debt-free Balance Sheet

A zero-debt, conservative balance sheet materially reduces financial risk and preserves strategic optionality. Over the next 2–6 months this durability supports resilience to downturns, funding of opportunistic investments or M&A without external financing, and steady operations.

Sustained High Profitability

Consistently elevated gross, operating, and net margins provide a persistent earnings cushion that supports reinvestment and cash generation. High margins improve resilience against revenue volatility and offer the company structural capacity to maintain profitability through industry cycles.

Operating Cash Flow Exceeds Net Income

Operating cash flow above reported net income signals high earnings quality and strong cash generation capability. This durable cash conversion enhances internal funding for capex and working capital, reducing reliance on external financing and supporting sustainable operations.

Negative Factors

Multi-year Revenue Contraction

Persistent top-line declines over several years indicate structural demand or market-share challenges. Even with high margins, shrinking revenue limits scalability, reduces operating leverage benefits, and constrains long-term earnings growth unless the company reverses the decline.

Weakened Free Cash Flow Conversion

A marked drop in free cash flow conversion reduces the company's ability to fund growth, returns, or buffer shocks despite positive operating cash flow. Volatility in FCF increases financing sensitivity for investments and raises uncertainty about sustainable cash available to stakeholders.

Modest Shareholder Returns / Low ROE

Low return on equity despite a growing equity base suggests capital is underutilized and may signal inefficient deployment of resources. Over months this can pressure long-term shareholder value creation and limit the firm's ability to demonstrate attractive returns relative to peers.

Miyakoshi Holdings, Inc. Business Overview & Revenue Model

Company Description

Miyakoshi Holdings, Inc., through its subsidiaries, engages in promoting Shenzhen municipal integrated development activities. It also plans and promotes for the development of environment and energy conservation projects; and invests in projects located in Japan, China, and other Asian countries. Miyakoshi Holdings, Inc. was founded in 1966 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Miyakoshi Holdings, Inc. generates revenue primarily through the sale of its printing machinery and related equipment. The company earns income from the manufacturing and distribution of digital and offset printers, which are sold to businesses and organizations requiring large-scale printing capabilities. Additionally, Miyakoshi offers consumables and maintenance services, providing ongoing support and parts for their machines, thereby creating a continuous revenue stream. Key partnerships with global distributors and service providers expand their market reach, contributing significantly to their earnings. The company also invests in research and development to maintain a competitive edge and meet the evolving needs of their clients.

Miyakoshi Holdings, Inc. Financial Statement Overview

Summary

Miyakoshi Holdings, Inc. displays a solid financial foundation with a strong equity position and zero debt. Despite a declining revenue trend, the company maintains high profitability and operational efficiency ratios. Cash flow metrics are robust, reflecting effective cash management. However, the decreasing revenue trend could impact future profitability unless reversed.

Income Statement

Miyakoshi Holdings has shown a decline in revenue over the past few years, with a significant drop from 2021 to 2024. The gross profit margin for the latest year stands at 59.0%, indicating efficient cost management. However, the net profit margin declined slightly to 47.1%, suggesting some pressure on profitability. The EBIT margin is strong at 37.1%, but has also decreased over time. Despite these challenges, the company's EBITDA margin remains high at 70.5% for 2024, reflecting robust operational efficiency.

Balance Sheet

The company maintains a strong financial position with zero debt, leading to an excellent debt-to-equity ratio of 0. The return on equity is a healthy 21.3%, showcasing effective use of shareholder funds. The equity ratio is high at 90.8%, indicating a stable financing structure with significant equity backing the assets.

Cash Flow

Operating cash flow increased to 744 million, highlighting strong cash generation capabilities. The free cash flow has seen significant growth, with a free cash flow to net income ratio of 1.31, showing more cash is being generated than profit. The operating cash flow to net income ratio is 1.39, indicating efficient translation of earnings into cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	916.00M	1.03B	1.14B	1.32B	1.41B	1.62B
Gross Profit	483.00M	579.00M	944.00M	1.12B	1.23B	1.47B
EBITDA	722.00M	906.00M	801.00M	803.00M	788.00M	1.29B
Net Income	242.00M	365.00M	536.00M	501.00M	658.00M	756.00M
Balance Sheet
Total Assets	28.13B	28.86B	27.71B	26.87B	26.20B	24.78B
Cash, Cash Equivalents and Short-Term Investments	11.26B	11.84B	11.00B	9.98B	9.40B	8.18B
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	684.00M	867.00M	1.06B	1.19B	1.30B	1.52B
Stockholders Equity	25.86B	26.32B	25.16B	24.30B	23.65B	22.22B
Cash Flow
Free Cash Flow	0.00	130.00M	702.00M	421.00M	538.00M	946.00M
Operating Cash Flow	0.00	473.00M	744.00M	630.00M	539.00M	947.00M
Investing Cash Flow	0.00	-530.00M	-258.00M	-334.00M	-874.00M	-375.00M
Financing Cash Flow	0.00	0.00	0.00	-199.00M	1.00M	0.00

Miyakoshi Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 819.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6620, the sentiment is Neutral. The current price of 819 is below the 20-day moving average (MA) of 834.00, below the 50-day MA of 864.14, and below the 200-day MA of 1054.91, indicating a neutral trend. The MACD of 10.91 indicates Negative momentum. The RSI at 67.97 is Neutral, neither overbought nor oversold. The STOCH value of 82.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6620.

Miyakoshi Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8737	73 Outperform	¥19.37B	6.20	―	5.27%	18.05%	34.17%
3772	69 Neutral	¥20.20B	108.95	―	1.85%	-40.77%	-91.81%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
2998	64 Neutral	¥33.23B	24.44	―	0.66%	10.67%	6.94%
6620	55 Neutral	¥35.25B	157.63	―	―	-33.10%	-49.56%
4310	―	¥24.29B	21.03	―	18.63%	21.38%	―
7347	62 Neutral	¥15.92B	232.33	―	2.52%	1.35%	-91.61%

Miyakoshi Holdings, Inc. Corporate Events

Miyakoshi Holdings to Demolish Shenzhen Subsidiary Facilities for Urban Renewal Project

Miyakoshi Holdings has approved the demolition of factory, dormitory, dining, and annex buildings at its consolidated subsidiary Shenzhen Crown (China) Electronics’ Crown Industrial Park in Shenzhen’s Futian District, clearing a site of roughly 94,000 square meters as part of the previously announced World Innovation Center urban renewal and redevelopment initiative. The demolition work, expected to take about five months under a Futian District government permit, marks a significant step in the group’s shift toward a redeveloped innovation-focused facility, while the company is still assessing demolition-related costs and the potential impact on consolidated earnings for the fiscal year ending March 2026 and beyond.

The most recent analyst rating on (JP:6620) stock is a Hold with a Yen838.00 price target. To see the full list of analyst forecasts on Miyakoshi Holdings, Inc. stock, see the JP:6620 Stock Forecast page.

Miyakoshi Holdings Reports Decline in Six-Month Financial Performance

Miyakoshi Holdings, Inc. reported a significant decline in its financial performance for the six months ending September 30, 2025, with operating revenue dropping by 46.7% compared to the previous year. The company experienced a substantial decrease in profit attributable to owners of the parent, which fell by 65.6%, indicating challenges in maintaining profitability amidst market fluctuations.