YA-MAN Ltd. (6630) AI Stock Analysis

• Market Cap: ¥38.02B
• Dividend Yield: 1.23%
• Average Volume (3M): 84.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: -14.80%
• EPS Growth: 89.50%
• Country: JP
• Employees: 446
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): N/A
• Shares Outstanding: 58,348,880
• 10 Day Avg. Volume: 123,540
• 30 Day Avg. Volume: 84,440
• PEG Ratio: 0.86
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 1.87
• P/FCF Ratio: 25.24
• 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: 48 Neutral
• Price Target: ¥684.00 ▼(-10.12% Downside)
• Action: Reiterated Date: 09/13/25
• Date: Action: Reiterated 09/13/25

YA-MAN Ltd. faces significant challenges with weak financial performance, bearish technical indicators, and poor valuation metrics. The company's stable financial position is overshadowed by declining revenue and profitability, contributing to a low overall stock score.

Positive Factors

Low leverage

Extremely low debt-to-equity (0.02) provides durable financial flexibility, lowering solvency risk and enabling the firm to fund R&D, product rollouts, or working capital from internal resources. That balance-sheet strength supports stability across medium-term cycles.

High gross margin

A gross margin near 57% indicates strong unit economics and pricing power on device and complementary product sales. Combined with consumable/cosmetic attach potential, healthy gross margins give room to invest in marketing and product development while absorbing cost variability.

Solid cash generation

A free cash flow to net income ratio of 0.84 signals efficient conversion of earnings into cash. Reliable cash generation underpins sustainable reinvestment for product development, supports inventory and channel programs, and reduces dependence on external financing.

Negative Factors

Falling revenue

Negative revenue growth near -8% indicates structural demand pressure or loss of sales momentum. Sustained top-line declines reduce scale benefits, limit reinvestment capacity, and make it harder to leverage fixed costs into profits over the medium term.

Weak net margins

Despite healthy gross margins, a 2.8% net margin shows weak conversion to bottom-line profit, implying elevated operating costs or inefficiencies. Low net margins reduce retained earnings, limit buffer against cost shocks, and constrain long-term cash available for strategic initiatives.

One-time sales dependency

The business relies heavily on one-off device sales, making revenue lumpy and dependent on new product cycles or marketing. Durable growth requires sustained consumable attach rates and successful product refreshes; failure to sustain these trends risks recurring revenue erosion.

YA-MAN Ltd. Business Overview & Revenue Model

Company Description

Ya-Man Ltd. engages in the research, development, manufacture, import, export, and sale of beauty and health equipment in Japan and internationally. The company offers face, body, hair, and cosmetic products. It also imports and sell cosmetics and semiconductor inspection equipment, as well as sells household goods. The company sells its products through stores and online. Ya-Man Ltd. was incorporated in 1978 and is headquartered in Tokyo, Japan.

How the Company Makes Money

YA-MAN primarily makes money by selling beauty and personal-care products, with revenue largely driven by (1) sales of home-use beauty devices and (2) sales of related consumables and cosmetics that complement device usage. Devices typically generate one-time product revenue per unit sold, while consumables/cosmetics can contribute repeat purchases over time. The company sells through a mix of channels that commonly include direct-to-consumer (e-commerce and other direct marketing formats) and wholesale/retail partners, where YA-MAN earns revenue from product shipments to distributors/retailers or from end-customer purchases on its own platforms. Specific breakdowns by segment, margins, or named partnerships are null.

YA-MAN Ltd. Financial Statement Overview

Summary

YA-MAN Ltd. demonstrates a stable financial position with low leverage and strong cash flow generation. However, the company faces challenges in revenue growth and profitability, as evidenced by declining margins and a negative revenue growth rate.

Income Statement

YA-MAN Ltd. has experienced a decline in revenue over the past year, with a negative revenue growth rate of -1.62%. The gross profit margin remains relatively healthy at 56.77%, but the net profit margin is low at 2.82%, indicating challenges in converting revenue into profit. EBIT and EBITDA margins have also decreased, suggesting operational inefficiencies.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.02, indicating minimal leverage and financial risk. Return on equity is modest at 2.73%, reflecting limited profitability from shareholders' equity. The equity ratio is robust, suggesting a stable financial position.

Cash Flow

YA-MAN Ltd. shows strong free cash flow growth, although the operating cash flow to net income ratio is moderate at 0.74. The free cash flow to net income ratio is healthy at 0.84, indicating efficient cash generation relative to net income.

Breakdown	TTM	Dec 2025	Apr 2025	Apr 2024	Apr 2023	Apr 2022
Income Statement
Total Revenue	23.98B	25.04B	32.02B	43.00B	40.94B	36.60B
Gross Profit	13.49B	14.21B	19.13B	26.15B	25.10B	23.49B
EBITDA	1.14B	1.75B	1.44B	6.24B	8.45B	6.53B
Net Income	-87.00M	706.00M	398.33M	3.91B	5.59B	3.73B
Balance Sheet
Total Assets	28.18B	29.58B	29.09B	30.98B	30.55B	25.86B
Cash, Cash Equivalents and Short-Term Investments	16.61B	16.97B	16.61B	16.15B	16.65B	12.96B
Total Debt	469.00M	595.00M	729.07M	1.35B	1.97B	2.61B
Total Liabilities	3.35B	3.69B	3.98B	5.54B	8.46B	8.96B
Stockholders Equity	24.83B	25.90B	25.11B	25.44B	22.09B	16.89B
Cash Flow
Free Cash Flow	0.00	1.86B	980.17M	631.68M	4.22B	3.57B
Operating Cash Flow	0.00	2.21B	1.93B	986.15M	4.65B	4.02B
Investing Cash Flow	0.00	154.00M	-950.80M	-632.04M	-619.37M	-1.07B
Financing Cash Flow	0.00	-1.18B	-1.35B	-1.22B	-1.09B	2.30B

YA-MAN Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 761.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6630, the sentiment is Neutral. The current price of 761 is above the 20-day moving average (MA) of 691.95, above the 50-day MA of 700.20, and below the 200-day MA of 776.00, indicating a bearish trend. The MACD of -7.30 indicates Negative momentum. The RSI at 48.87 is Neutral, neither overbought nor oversold. The STOCH value of 61.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6630.

YA-MAN Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7806	79 Outperform	¥242.79B	11.78	―	0.53%	37.49%	370.72%
4928	76 Outperform	¥155.07B	29.58	―	5.00%	1.41%	0.75%
4919	71 Outperform	¥84.86B	22.92	7.23%	3.53%	3.05%	-32.61%
4933	71 Outperform	¥19.16B	33.88	―	0.91%	13.12%	27.53%
4922	69 Neutral	¥335.51B	19.79	2.72%	2.61%	1.37%	-5.60%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
6630	48 Neutral	¥38.02B	-33.63	―	1.23%	-14.80%	89.50%

YA-MAN Ltd. Corporate Events

YA-MAN Cuts Medium-Term Targets as Competition Bites and Overseas Demand Softens

YA-MAN has revised its medium-term management plan in response to intensifying competition in Japan’s beauty device market and weaker overseas demand caused by geopolitical risks and volatility in China. The company concluded that its earlier targets were no longer attainable and is reconstructing its roadmap, aligning it with a shift of its fiscal year-end to December and prioritizing an early recovery in business performance and corporate value.

Under the updated plan for the fiscal year ending December 2028, YA-MAN now targets net sales of 50 billion yen, with 30 billion yen from Japan and 20 billion yen from overseas markets. It also aims for operating profit of at least 5 billion yen, an operating margin of 10% or more, and ROE of at least 15%, signaling a more conservative yet still growth-oriented stance as it recalibrates its ambitions to become a global brand company from Japan.

The most recent analyst rating on (JP:6630) stock is a Hold with a Yen717.00 price target. To see the full list of analyst forecasts on YA-MAN Ltd. stock, see the JP:6630 Stock Forecast page.

YA-MAN to Launch Wholly Owned Beauty-Equipment Subsidiary in China

YA-MAN LTD. has resolved to establish a wholly owned subsidiary in Shanghai, China, as part of its new medium-term management strategy targeting accelerated growth in a key overseas market. The new unit, capitalized at 3 million dollars, will run B2C operations on Chinese e-commerce platforms to sell beauty equipment and deepen the company’s footprint in the country.

Sales from the Chinese subsidiary are expected to be included in YA-MAN’s consolidated results from the second quarter of the current fiscal year, with the immediate earnings impact described as minor. The move underscores the company’s intent to strengthen its competitive position in China’s fast-growing beauty device market, while leaving room for future updates if the financial effects become more material.

The most recent analyst rating on (JP:6630) stock is a Hold with a Yen698.00 price target. To see the full list of analyst forecasts on YA-MAN Ltd. stock, see the JP:6630 Stock Forecast page.

YA-MAN Books Impairment and Doubtful-Account Charges on Underperforming Subsidiary

YA-MAN Ltd. has booked a 541 million yen impairment loss on goodwill and other acquisition-related assets tied to its consolidated subsidiary forty-four Inc., after the unit’s performance fell significantly short of initial business plans and no longer supports the originally expected earnings. The move reflects a reassessment of the subsidiary’s outlook and signals a more conservative accounting stance on acquired assets.

Separately, the company recorded a 1,184 million yen provision for doubtful accounts on loans and other receivables from forty-four Inc. in its non-consolidated statements, following an individual review of recoverability amid the subsidiary’s underperformance. This provision is fully eliminated at the consolidated level, meaning it does not affect consolidated earnings, though it highlights credit risk within the group and underscores operational challenges at the subsidiary.

YA-MAN noted that these items have been incorporated into its consolidated financial results for the fiscal year ended December 31, 2025, under Japanese GAAP. The recognition of these charges may weigh on reported profitability for the period while clarifying the financial impact of the underperforming subsidiary for investors and other stakeholders.

The most recent analyst rating on (JP:6630) stock is a Hold with a Yen719.00 price target. To see the full list of analyst forecasts on YA-MAN Ltd. stock, see the JP:6630 Stock Forecast page.

YA-MAN Maintains Stable Dividend Despite Temporary Loss During Transformation Period

YA-MAN Ltd. has approved a year-end dividend of 4.75 yen per share for the period with a record date of December 31, 2025, matching the previous fiscal year and bringing the projected annual dividend to 9.00 yen per share. Despite a temporary net loss driven by structural reforms in its domestic business and strategic investments for future growth, the company is maintaining its stable dividend policy to reward ongoing shareholder support and signal confidence in its medium- to long-term profit outlook.

Management describes the current fiscal year as a transformation period, during which profitability in the domestic business is being restructured and the financial base strengthened. By funding the 261 million yen dividend from retained earnings and keeping payouts unchanged year on year, YA-MAN aims to balance near-term earnings pressure with its commitment to shareholder returns, underscoring that the current downturn is viewed as temporary while it invests in future expansion.

The most recent analyst rating on (JP:6630) stock is a Hold with a Yen719.00 price target. To see the full list of analyst forecasts on YA-MAN Ltd. stock, see the JP:6630 Stock Forecast page.

YA-MAN Swings to Loss in Transition Period but Signals Recovery in 2026 Forecast

YA-MAN Ltd. reported consolidated net sales of ¥17.25 billion for the eight-month fiscal period ended December 31, 2025, following a change of fiscal year-end, but swung to an operating loss of ¥718 million and a net loss attributable to owners of parent of ¥1.20 billion. Despite the loss, the balance sheet remained sound with an equity ratio of 87.4%, and the company maintained an annual dividend of ¥9 per share, signaling continued shareholder returns.

Operating cash flow turned negative at ¥1.41 billion while cash and cash equivalents declined to ¥14.50 billion, yet management forecasts a recovery in the fiscal year ending December 31, 2026, with full-year net sales projected at ¥27.5 billion and a return to profit. By providing only a full-year earnings forecast, YA-MAN acknowledges ongoing market uncertainties but aims to support constructive investor dialogue as it stabilizes operations after the transition period and seeks to restore profitability.

The most recent analyst rating on (JP:6630) stock is a Hold with a Yen719.00 price target. To see the full list of analyst forecasts on YA-MAN Ltd. stock, see the JP:6630 Stock Forecast page.

YA-MAN Books Impairment and Doubtful-Account Provision Tied to Subsidiary forty-four Inc.

YA-MAN Ltd. has recognized a consolidated impairment loss of 541 million yen on goodwill and other assets tied to its subsidiary forty-four Inc., after the unit’s business performance fell short of initial plans and future earnings expectations were revised downward. The move underscores challenges in realizing the anticipated value from the acquisition and points to a more cautious outlook for that business line.

On a non-consolidated basis, the company booked a 1,184 million yen provision for doubtful accounts on loans and other receivables to forty-four Inc., reflecting concerns about recoverability given the subsidiary’s weaker performance. While this provision is eliminated at the consolidated level and thus does not affect group earnings, the adjustments highlight financial strain at the subsidiary and a more conservative stance in YA-MAN’s standalone accounts.

The most recent analyst rating on (JP:6630) stock is a Hold with a Yen719.00 price target. To see the full list of analyst forecasts on YA-MAN Ltd. stock, see the JP:6630 Stock Forecast page.

YA-MAN Maintains Dividend Despite Temporary Loss Amid Transformation Drive

YA-MAN Ltd. has resolved to distribute a year-end dividend of 4.75 yen per share for the period with a record date of December 31, 2025, matching the previous fiscal year’s year-end payout. The total dividend amount will be 261 million yen, funded from retained earnings, and brings the annual dividend for the current period to 9.00 yen per share, in line with the prior year.

Management emphasized that stable shareholder returns remain a key priority, even as the company undergoes a transformation period marked by structural reforms and proactive strategic investments. Despite a temporary decline in revenue and profit that resulted in a net loss, YA-MAN is maintaining its dividend to reaffirm confidence in its medium- to long-term growth prospects and to reward ongoing shareholder support.

The most recent analyst rating on (JP:6630) stock is a Hold with a Yen719.00 price target. To see the full list of analyst forecasts on YA-MAN Ltd. stock, see the JP:6630 Stock Forecast page.

YA-MAN Swings to Loss in Transitional Fiscal Period but Guides for Profit Recovery in 2026

YA-MAN Ltd. reported consolidated net sales of ¥17.2 billion and a net loss attributable to owners of the parent of ¥1.2 billion for the eight-month fiscal period ended December 31, 2025, following a change in its fiscal year end. Profitability indicators turned negative compared with the previous 12-month period, while total assets and equity both declined modestly and cash and cash equivalents fell to ¥14.5 billion.

Despite the loss, the company kept its annual dividend unchanged at ¥9 per share, signaling a desire to maintain shareholder returns. For the new full-year period ending December 31, 2026, YA-MAN forecasts a recovery to profitability with net sales of ¥27.5 billion and profit attributable to owners of the parent of ¥350 million, suggesting management expects operational improvements after the transitional fiscal period.

The most recent analyst rating on (JP:6630) stock is a Hold with a Yen719.00 price target. To see the full list of analyst forecasts on YA-MAN Ltd. stock, see the JP:6630 Stock Forecast page.