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

• Market Cap: ¥62.97B
• Dividend Yield: 2.69%
• Average Volume (3M): 104.88K
• Price to Earnings (P/E): 10.0
• Beta (1Y): 1.49
• Revenue Growth: 11.02%
• EPS Growth: 65.67%
• Country: JP
• Employees: 2,047
• Sector: Technology
• Sector Strength: 93
• Industry: Technology Distributors
• EPS (TTM): 41.88
• Shares Outstanding: 32,040,000
• 10 Day Avg. Volume: 119,610
• 30 Day Avg. Volume: 104,879
• PEG Ratio: -9.40
• Price to Book (P/B): 1.83
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥2,076.00
• Price Target Upside: -2.76% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 74 Outperform
• Price Target: ¥2,277.00 ▲(6.65%Upside)

Mimaki Engineering Co., Ltd.'s robust financial performance, including strong revenue growth and profitability, is the primary driver of the stock's overall score. Technical indicators suggest bullish momentum, though caution is advised due to potential overbought conditions. Valuation metrics indicate the stock may be undervalued, with a reasonable dividend yield adding to its appeal.

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, such as roll to roll, flat bed, and apparel cutter plotters; laminators; desktop modeling plotters; and 3D printers. The company also provides software products comprising RIP software; software for color management; software products for cutting that consist of FineCut9, FineCut8, Simple POP, Simple Cut, and Simple Studio; and ArtiosCAD designer solution used in packaging design. Its products are used in smartphone case, glass, acrylic, sticker, magnet, stationery, novelty, apparel and textile, bottle, window film, and other items. The company was founded in 1975 and is headquartered in Tomi, Japan.

How the Company Makes Money

Mimaki Engineering Co., Ltd. generates revenue primarily through the sale of its wide range of printing and cutting machines. The company's key revenue streams include the sales of industrial inkjet printers, cutting plotters, and associated software. Mimaki also earns from the sales of consumables such as inks and other printing materials that are used with their machinery. Additionally, the company may provide maintenance and support services, contributing to its revenue. Strategic partnerships and a robust distribution network enhance Mimaki's market reach and sales potential, further driving its earnings.

Mimaki Engineering Co., Ltd. Financial Statement Overview

Summary

Mimaki Engineering Co., Ltd. has strong revenue growth and profitability, supported by a stable balance sheet and solid cash flow generation. Effective cost management and a sound capital structure provide a solid foundation for future growth. Continuous monitoring of cash flow efficiency is advised.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	83.96B	75.63B	70.61B	59.51B	48.72B
Gross Profit	39.12B	32.63B	28.45B	23.85B	18.61B
EBITDA	10.92B	7.25B	6.00B	4.63B	1.59B
Net Income	6.16B	3.71B	2.81B	2.35B	-301.25M
Balance Sheet
Total Assets	76.17B	75.72B	69.79B	60.86B	50.84B
Cash, Cash Equivalents and Short-Term Investments	15.45B	17.37B	10.49B	8.97B	10.84B
Total Debt	22.94B	28.50B	28.85B	23.87B	17.48B
Total Liabilities	43.80B	48.33B	47.73B	42.14B	34.63B
Stockholders Equity	32.22B	27.26B	21.99B	18.67B	16.20B
Cash Flow
Free Cash Flow	5.81B	7.47B	-2.06B	-6.69B	6.18B
Operating Cash Flow	7.86B	9.56B	490.41M	-5.13B	6.63B
Investing Cash Flow	-2.44B	-2.60B	-3.50B	-2.71B	15.94M
Financing Cash Flow	-7.54B	-1.44B	3.52B	4.28B	-7.32B

Mimaki Engineering Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2135.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 2135 is above the 20-day moving average (MA) of 1920.90, above the 50-day MA of 1854.64, and above the 200-day MA of 1534.68, indicating a bullish trend. The MACD of 75.11 indicates Negative momentum. The RSI at 78.66 is Negative, neither overbought nor oversold. The STOCH value of 95.40 is Negative, 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
9880	80 Outperform	¥18.86B	16.07		4.86%	1.50%	-18.81%
6638	74 Outperform	¥62.97B	10.01		2.69%	11.02%	65.67%
Sector *	57 Neutral	HK$14.24B	5.10	-5.75%	5.29%	9.34%	-42.23%
9V2	―	€906.62M	8.11	10.70%	8.24%	―	―
8137	78 Outperform	¥38.33B	15.05		2.47%	-15.98%	-51.13%
7537	72 Outperform	¥27.91B	6.54		8.71%	-10.85%	25.59%
8093	71 Outperform	¥18.08B	4.94		8.45%	21.35%	221.66%

Mimaki Engineering Co., Ltd. Corporate Events

Mimaki Engineering Announces Executive Officer Appointments

Mimaki Engineering Co., Ltd. has announced a series of executive officer appointments effective July 1, 2025. These changes are part of the company’s strategic efforts to strengthen its leadership team and enhance its operational efficiency across various divisions, including sales, research and development, and global human resources. The appointments are expected to support Mimaki’s growth objectives and improve its competitive positioning in the global market.

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.