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

• Market Cap: ¥56.72B
• Dividend Yield: 2.6%
• Average Volume (3M): 100.55K
• Price to Earnings (P/E): 9.0
• Beta (1Y): 1.51
• Revenue Growth: 11.02%
• EPS Growth: 65.67%
• Country: JP
• Employees: 2,047
• Sector: Technology
• Sector Strength: 86
• Industry: Technology Distributors
• EPS (TTM): 41.88
• Shares Outstanding: 32,040,000
• 10 Day Avg. Volume: 97,930
• 30 Day Avg. Volume: 100,550
• PEG Ratio: 0.32
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.36
• 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

• Rating: 80 Outperform
• Price Target: ¥2,076.00 ▲(7.96%Upside)

Mimaki Engineering Co., Ltd. shows a strong overall stock performance driven by robust financial health, attractive valuation, and positive technical indicators. The stock's upward momentum and undervaluation present significant opportunities, though caution is advised due to the approaching overbought signals.

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

Company Description

Mimaki Engineering Co., Ltd. is a leading Japanese manufacturer specializing in the development of industrial inkjet printers, cutting plotters, and 3D printing solutions. The company caters to a wide range of industries including textile and apparel, sign graphics, industrial products, and the arts. Mimaki is renowned for its innovative printing technologies, offering a comprehensive lineup of products that deliver high-quality printing solutions for both small-scale and large-scale production needs.

How the Company Makes Money

Mimaki Engineering Co., Ltd. generates revenue through the sale of its diverse range of printing and cutting equipment. The company's primary revenue streams include the sale of industrial inkjet printers, cutting plotters, and related consumables such as inks and substrates. Mimaki also offers maintenance services and technical support, which contribute to its income. Additionally, the company has established partnerships and collaborations with various distributors and resellers worldwide to expand its market reach and enhance its sales channels. This global network allows Mimaki to tap into different regional markets, maintaining a steady flow of income from both new and recurring customers.

Mimaki Engineering Co., Ltd. Financial Statement Overview

Summary

Mimaki Engineering Co., Ltd. presents a robust financial profile with strong revenue growth, healthy profit margins, and a stable balance sheet. The company demonstrates solid cash flow generation capabilities, although 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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	82.18B	83.96B	75.63B	70.61B	59.51B	48.72B
Gross Profit	38.18B	39.12B	32.63B	28.45B	23.85B	18.61B
EBITDA	10.47B	10.92B	7.25B	6.00B	4.63B	1.59B
Net Income	6.21B	6.16B	3.71B	2.81B	2.35B	-301.25M
Balance Sheet
Total Assets	78.09B	76.17B	75.72B	69.79B	60.86B	50.84B
Cash, Cash Equivalents and Short-Term Investments	16.63B	15.45B	17.37B	10.49B	8.97B	10.84B
Total Debt	23.94B	22.94B	28.50B	28.85B	23.87B	17.48B
Total Liabilities	46.16B	43.80B	48.33B	47.73B	42.14B	34.63B
Stockholders Equity	31.76B	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: Positive
• Last Price: 1923.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Positive. The current price of 1923 is above the 20-day moving average (MA) of 1826.50, above the 50-day MA of 1684.20, and above the 200-day MA of 1496.94, indicating a bullish trend. The MACD of 26.51 indicates Positive momentum. The RSI at 62.08 is Neutral, neither overbought nor oversold. The STOCH value of 78.73 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6638	80 Outperform	¥56.72B	9.01		2.60%	11.02%	65.67%
9880	80 Outperform	¥18.72B	15.95		4.90%	1.50%	-18.81%
8137	78 Outperform	¥38.39B	15.08		0.82%	-15.98%	-51.13%
8154	74 Outperform	€150.16B	8.41	10.70%	4.02%	0.94%	-16.06%
7537	72 Outperform	¥26.81B	6.28		7.99%	-10.85%	25.59%
Sector *	69 Neutral	¥231.71B	14.67	7.64%	2.71%	9.09%	8.52%
8093	67 Neutral	¥18.16B	4.96		4.68%	21.35%	221.66%

Mimaki Engineering Co., Ltd. Corporate Events

Mimaki Engineering Updates Officer Changes

Mimaki Engineering Co., Ltd. has issued a correction to its previously announced changes in company officers. The correction pertains to the current position of Outside Director Hiromi Nakazawa, who is now listed as an Outside Director and Audit and Supervisory Committee Member of Ricoh Leasing Co., Ltd. This update reflects the company’s commitment to transparency and accurate communication with its stakeholders.

Mimaki Engineering Unveils Ambitious Five-Year Growth Strategy

Mimaki Engineering Co., Ltd. has announced its ‘Medium- to Long-Term Management Strategy Mimaki Innovation 30’ for FY2025-FY2029, aiming to achieve net sales of 150 billion yen by FY2029. The strategy focuses on maintaining stable profitability, driving innovation in new business domains, and enhancing technology development and human capital. The company plans to expand into high viscosity domains, digital signage, and 3D printing, while also launching a second brand to enter new markets. This strategic initiative is expected to strengthen Mimaki’s industry positioning and foster sustainable growth.

Mimaki Engineering Reports Strong Financial Growth and Increased Dividends

Mimaki Engineering Co., Ltd. reported a significant increase in its financial performance for the year ended March 31, 2025, with net sales rising by 11% and operating profit surging by 66.2%. The company also announced an increase in dividends, reflecting its strong financial health and commitment to returning value to shareholders. The forecast for the next fiscal year indicates continued growth in net sales and stable profits, suggesting a positive outlook for the company’s future operations.