Mimaki Engineering Co., Ltd. (6638) AI Stock Analysis

• Market Cap: ¥49.70B
• Dividend Yield: 3.26%
• Average Volume (3M): 90.30K
• Price to Earnings (P/E): 8.1
• Beta (1Y): 1.31
• Revenue Growth: 1.56%
• EPS Growth: 1.72%
• Country: JP
• Employees: 2,047
• Sector: Technology
• Sector Strength: 88
• Industry: Technology Distributors
• EPS (TTM): 49.52
• Shares Outstanding: 32,040,000
• 10 Day Avg. Volume: 154,270
• 30 Day Avg. Volume: 90,296
• PEG Ratio: 0.12
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 0.57
• P/FCF Ratio: 8.18
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ¥1,651.00 ▲(7.49% Upside)

Mimaki Engineering Co., Ltd. has a strong financial foundation with impressive revenue growth and profitability. However, the technical analysis indicates bearish momentum, which weighs down the overall score. The stock's attractive valuation provides some support, but the current market sentiment suggests caution.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a positive trajectory, showcasing the company's ability to expand its market reach and product adoption.

Cash Generation

Strong cash generation capabilities enhance financial stability, allowing for reinvestment in growth opportunities and debt management.

Profitability

High profitability reflects operational efficiency and effective cost management, supporting sustainable financial performance.

Negative Factors

Cash Flow Efficiency

Inefficient cash flow conversion can limit the company's ability to quickly capitalize on new opportunities or manage financial obligations.

Stock Performance

A bearish trend in stock performance may reflect market skepticism, potentially impacting investor confidence and capital raising efforts.

Cash Flow Efficiency

Improving cash flow efficiency is crucial for better financial management and ensuring sufficient liquidity for operational needs.

Mimaki Engineering Co., Ltd. Business Overview & Revenue Model

Company Description

Mimaki Engineering Co., Ltd. (6638) is a leading manufacturer of wide-format inkjet printers, cutting plotters, and 3D printers, primarily serving the signage, graphics, textile, and industrial markets. Founded in 1975 and headquartered in Japan, the company is known for its innovative printing solutions that cater to various applications, including digital printing, label printing, and specialty printing. Mimaki's commitment to research and development ensures that it remains at the forefront of technology in the printing industry, offering high-quality products that meet diverse customer needs.

How the Company Makes Money

Mimaki generates revenue primarily through the sale of its wide-format inkjet printers, cutting plotters, and 3D printers, along with the associated consumables such as inks, media, and spare parts. The company has established a strong distribution network and partnerships with resellers and distributors globally, which enhances its market reach. Additionally, Mimaki benefits from recurring revenue through the sale of inks and other consumables that customers require for ongoing operations. The company also engages in providing maintenance and support services, further contributing to its revenue streams. Strategic collaborations with other technology firms and participation in industry trade shows help Mimaki to showcase its innovations and expand its customer base, thus bolstering its financial performance.

Mimaki Engineering Co., Ltd. Financial Statement Overview

Summary

Mimaki Engineering Co., Ltd. exhibits a robust financial profile with strong revenue growth and profitability. The company has a healthy gross and net profit margin, effective cost management, and solid cash flow generation. However, there is room for improvement in cash flow efficiency.

Income Statement

Mimaki Engineering Co., Ltd. has demonstrated strong revenue growth over the past year, with a notable increase from the previous period, indicating a positive trajectory. The gross profit margin and net profit margin are healthy, reflecting effective cost management and profitability. The EBIT and EBITDA margins are also solid, showcasing operational efficiency and earnings strength.

Balance Sheet

The company's balance sheet reveals a moderate debt-to-equity ratio, suggesting a balanced approach to leverage. The return on equity is impressive, highlighting efficient use of shareholders' funds to generate profit. The equity ratio indicates a stable financial structure with a good portion of the company's assets financed by equity.

Cash Flow

Mimaki Engineering has shown substantial improvement in free cash flow and operating cash flow, indicating strong cash generation capabilities. The free cash flow to net income ratio suggests effective conversion of profits into cash. However, the operating cash flow to net income ratio highlights some room for enhancing cash flow efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	83.57B	83.96B	75.63B	70.61B	59.51B	48.72B
Gross Profit	39.68B	39.12B	32.63B	28.45B	23.85B	18.61B
EBITDA	11.02B	10.92B	7.25B	6.00B	4.63B	1.59B
Net Income	5.99B	6.16B	3.71B	2.81B	2.35B	-301.25M
Balance Sheet
Total Assets	75.80B	76.17B	75.72B	69.79B	60.86B	50.84B
Cash, Cash Equivalents and Short-Term Investments	14.43B	15.45B	17.37B	10.49B	8.97B	10.84B
Total Debt	22.49B	22.94B	28.50B	28.85B	23.87B	17.48B
Total Liabilities	42.99B	43.80B	48.33B	47.73B	42.14B	34.63B
Stockholders Equity	32.64B	32.22B	27.26B	21.99B	18.67B	16.20B
Cash Flow
Free Cash Flow	0.00	5.81B	7.47B	-2.06B	-6.69B	6.18B
Operating Cash Flow	0.00	7.86B	9.56B	490.41M	-5.13B	6.63B
Investing Cash Flow	0.00	-2.44B	-2.60B	-3.50B	-2.71B	15.94M
Financing Cash Flow	0.00	-7.54B	-1.44B	3.52B	4.28B	-7.32B

Mimaki Engineering Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1536.00
• 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:6638, the sentiment is Negative. The current price of 1536 is below the 20-day moving average (MA) of 1537.25, below the 50-day MA of 1647.83, and below the 200-day MA of 1680.12, indicating a bearish trend. The MACD of -36.64 indicates Negative momentum. The RSI at 44.09 is Neutral, neither overbought nor oversold. The STOCH value of 44.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6638.

Mimaki Engineering Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8154	81 Outperform	€181.09B	10.83	14.97%	3.07%	9.67%	45.58%
8093	76 Outperform	¥21.34B	5.26	―	4.04%	41.87%	167.99%
8137	74 Outperform	¥45.33B	18.31	―	4.15%	-4.88%	-26.05%
9880	73 Outperform	¥26.07B	20.05	―	3.33%	0.17%	21.01%
7537	71 Outperform	¥30.97B	9.96	―	5.52%	1.71%	-29.37%
6638	66 Neutral	¥49.70B	8.12	―	3.26%	1.56%	1.72%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Mimaki Engineering Co., Ltd. Corporate Events

Mimaki Engineering Revises Financial Forecast Amid Market Challenges

Mimaki Engineering Co., Ltd. has revised its financial forecast for the fiscal year ending March 2026 due to intensified competition in the DTF model market and delays in new product launches. The company expects a decrease in net sales and profits compared to previous forecasts, but anticipates stable demand for industrial inkjet printers globally. Mimaki plans to promote existing and new products while maintaining investments in development to enhance future growth and profitability.

The most recent analyst rating on (JP:6638) stock is a Buy with a Yen1880.00 price target. To see the full list of analyst forecasts on Mimaki Engineering Co., Ltd. stock, see the JP:6638 Stock Forecast page.

Mimaki Engineering Reports Decline in Semi-Annual Financial Results

Mimaki Engineering Co., Ltd. reported a decline in its consolidated financial results for the six months ended September 30, 2025, with net sales and profits showing a decrease compared to the previous year. Despite the downturn, the company maintained a stable equity ratio and announced a forecast for the fiscal year ending March 31, 2026, with slight revisions to its financial outlook, indicating a cautious yet strategic approach to future growth.

The most recent analyst rating on (JP:6638) stock is a Buy with a Yen1880.00 price target. To see the full list of analyst forecasts on Mimaki Engineering Co., Ltd. stock, see the JP:6638 Stock Forecast page.

Mimaki Engineering Finalizes Treasury Stock Disposal for Compensation

Mimaki Engineering Co., Ltd. has completed the payment process for the disposal of treasury shares as restricted stock compensation, a move decided in a board meeting on July 25, 2025. This action involves the disposal of 16,429 common shares, allocated to directors and executive officers, which could impact the company’s financial structure and align management interests with shareholder value.

The most recent analyst rating on (JP:6638) stock is a Buy with a Yen2137.00 price target. To see the full list of analyst forecasts on Mimaki Engineering Co., Ltd. stock, see the JP:6638 Stock Forecast page.