Mimaki Engineering Co., Ltd. (JP:6638)
:6638
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Mimaki Engineering Co., Ltd.
(6638)
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Rating:74Outperform
Price Target:
¥2,081.00
▲(27.12% Upside)
Action:Upgraded
Date:05/15/26
The score is driven primarily by solid financial performance (strong profitability and improved leverage) but held back by weak and volatile cash flow conversion. Technicals are supportive with price above moving averages, though momentum looks overbought. Valuation is a key positive with a very low P/E and a ~3% dividend yield.
Positive Factors
Margin and profitability recovery
Sustained higher gross and operating margins indicate structural improvements in product mix, pricing and cost control. Over months this supports resilient earnings, funds reinvestment in R&D and service, and provides a margin buffer against demand swings in core end markets.
Negative Factors
Volatile cash conversion
Persistent mismatch between accounting profits and cash flow reduces financial predictability. Weak or volatile cash conversion can constrain reinvestment, force reliance on debt or equity for working capital, and heighten vulnerability to interest or supply-chain shocks over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin and profitability recovery
Sustained higher gross and operating margins indicate structural improvements in product mix, pricing and cost control. Over months this supports resilient earnings, funds reinvestment in R&D and service, and provides a margin buffer against demand swings in core end markets.
Read all positive factors
Mimaki Engineering Co., Ltd. (6638) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥51.03B
Dividend Yield3.07%
Average Volume (3M)90.30K
Price to Earnings (P/E)6.7
Beta (1Y)1.28
Revenue Growth-0.28%
EPS Growth9.21%
CountryJP
Employees2,047
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)207.61
Shares Outstanding32,040,000
10 Day Avg. Volume154,270
30 Day Avg. Volume90,296
Financial Highlights & Ratios
PEG Ratio0.73
Price to Book (P/B)1.13
Price to Sales (P/S)0.54
P/FCF Ratio27.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)259.2
Revenue Forecast (FY)¥94.00B
Mimaki Engineering Co., Ltd. Business Overview & Revenue Model
Company Description
Mimaki Engineering Co., Ltd. develops, manufactures, and sells computer devices and software in Japan and internationally. It offers inkjet printers, including roll to roll, print and cut, flat bed, textile, and option printers; cutting plotters, ...
How the Company Makes Money
Mimaki primarily makes money by selling hardware and capturing recurring revenue from consumables and after-sales support tied to its installed base. Its key revenue streams include: (1) Equipment sales: revenue from inkjet printers (e.g., for sig...
Mimaki Engineering Co., Ltd. Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 83.57B | 83.73B | 83.96B | 75.63B | 70.61B | 59.51B |
| Gross Profit | 39.68B | 41.20B | 41.13B | 34.75B | 28.45B | 23.85B |
| EBITDA | 11.15B | 11.66B | 11.24B | 7.45B | 6.10B | 4.27B |
| Net Income | 6.00B | 6.74B | 6.16B | 3.71B | 2.81B | 2.35B |
Balance Sheet | ||||||
| Total Assets | 75.80B | 82.89B | 76.17B | 75.72B | 69.79B | 60.86B |
| Cash, Cash Equivalents and Short-Term Investments | 14.43B | 16.37B | 15.45B | 17.37B | 10.49B | 8.97B |
| Total Debt | 22.07B | 23.87B | 22.94B | 28.50B | 28.85B | 23.87B |
| Total Liabilities | 42.99B | 42.78B | 43.80B | 48.33B | 47.73B | 42.14B |
| Stockholders Equity | 32.64B | 39.90B | 32.22B | 27.26B | 21.99B | 18.67B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.64B | 5.81B | 7.91B | -1.72B | -6.35B |
| Operating Cash Flow | 0.00 | 4.62B | 7.86B | 9.56B | 490.41M | -5.13B |
| Investing Cash Flow | 0.00 | -5.39B | -2.44B | -2.60B | -3.50B | -2.71B |
| Financing Cash Flow | 0.00 | -1.32B | -7.54B | -1.44B | 3.52B | 4.28B |
Mimaki Engineering Co., Ltd. Technical Analysis
Positive
1637.00
Price Trends
1636.63
Positive
1679.14
Positive
1697.32
Positive
Market Momentum
51.65
Negative
62.54
Neutral
57.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6638, the sentiment is Positive. The current price of 1637 is below the 20-day moving average (MA) of 1653.35, above the 50-day MA of 1636.63, and below the 200-day MA of 1697.32, indicating a bullish trend. The MACD of 51.65 indicates Negative momentum. The RSI at 62.54 is Neutral, neither overbought nor oversold. The STOCH value of 57.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6638.
Mimaki Engineering Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥306.51B | 8.47 | ― | 3.08% | 18.83% | 33.06% | |
74 Outperform | ¥51.03B | 6.72 | ― | 3.07% | -0.28% | 9.21% | |
74 Outperform | ¥202.85B | 5.88 | 17.09% | 2.94% | 20.29% | 94.13% | |
72 Outperform | ¥55.32B | 14.67 | ― | 4.12% | 6.27% | 31.76% | |
64 Neutral | ¥40.20B | 8.77 | ― | 5.16% | 1.23% | -22.74% | |
62 Neutral | ¥13.10B | 9.34 | ― | 4.62% | -0.44% | -13.10% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Mimaki Engineering Co., Ltd. Corporate Events
Mimaki Engineering Unveils FY2025 Results and New Hybrid UV Printer
May 13, 2026
Mimaki Engineering has presented materials outlining its consolidated financial results for the fourth quarter and full FY2025 period, alongside its business forecast for FY2026. The disclosure signals ongoing efforts to inform investors on perfor...
Mimaki Engineering Lifts Profit and Dividends on Flat Sales, Sees Revenue Growth but Earnings Pressure Ahead
May 13, 2026
Mimaki Engineering reported flat consolidated net sales of ¥83.7 billion for the year ended March 31, 2026, but improved profitability, with operating profit up 3.5% to ¥9.4 billion and profit attributable to owners of parent rising 9.5%...
Mimaki Engineering Lifts Payout With 50th-Anniversary Commemorative Dividend
May 8, 2026
Mimaki Engineering has approved a year-end dividend of 30 yen per share for the fiscal year ended March 31, 2026, comprising a 25 yen ordinary dividend and a 5 yen commemorative dividend to mark its 50th anniversary, with total cash dividends of 8...
Mimaki Engineering Raises Full-Year Forecast, Expects Record Profits
May 8, 2026
Mimaki Engineering has revised upward its consolidated forecast for the fiscal year ended March 2026, projecting higher net sales of ¥83.7 billion and record-high profits at all levels compared with its previous outlook. The upgrade reflects ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.