Ikuyo Co., Ltd. (7273) AI Stock Analysis

• Market Cap: ¥19.56B
• Dividend Yield: 4.58%
• Average Volume (3M): 179.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.76
• Revenue Growth: 34.99%
• EPS Growth: 468.97%
• Country: JP
• Employees: 190
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): -14.81
• Shares Outstanding: 29,385,000
• 10 Day Avg. Volume: 158,400
• 30 Day Avg. Volume: 179,150
• PEG Ratio: -1.42
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.32
• P/FCF Ratio: -6.71
• 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: 62 Neutral
• Price Target: ¥709.00 ▼(-5.47% Downside)
• Action: Reiterated Date: 12/02/25
• Date: Action: Reiterated 12/02/25

Ikuyo Co., Ltd.'s stock score is primarily influenced by its solid valuation, with a low P/E ratio and attractive dividend yield. However, financial performance is hindered by profitability and cash flow challenges. Technical analysis indicates bearish momentum, which impacts the overall score negatively. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Manageable leverage

A debt-to-equity of 0.43 and equity ratio ~43% indicate a conservative capital structure. Manageable leverage preserves financial flexibility to fund cyclical working capital or selective investments, lowering insolvency risk and supporting resilience through industry cycles over months.

Positive operating cash flow

Operating cash flow of ¥761.37m demonstrates underlying cash generation from core operations. Sustained OCF can fund working capital and maintenance capex, reduce reliance on external financing, and provide a durable liquidity base if conversion to free cash flow is addressed.

Solid EBITDA margin

An EBITDA margin of 12.25% shows the core auto-parts operations produce meaningful cash profit before non-cash charges. This margin provides a cushion against revenue swings, supports internal reinvestment and debt servicing, and underpins medium-term operational stability.

Negative Factors

Negative free cash flow

Free cash flow of -¥854.62m means after capex and working capital the business consumes cash. Persistent negative FCF limits ability to repay debt, return capital to shareholders or self-fund growth, creating a structural funding risk unless conversion improves.

Very low net & EBIT margins

Net margin of 0.25% and EBIT margin of 0.22% indicate almost no profitability after operating costs. Such compressed margins constrain retained earnings, reduce reinvestment capacity, and increase vulnerability to input cost increases or pricing pressure over the medium term.

Low return on equity

ROE of 0.63% shows shareholder capital yields minimal returns, signaling poor capital efficiency. Persistently low ROE can undermine investor confidence, limit access to capital, and pressure management to change allocation priorities to produce lasting improvement.

Ikuyo Co., Ltd. Business Overview & Revenue Model

Company Description

ikuyo Co.,Ltd. manufactures, produces, and sells synthetic resin products in Japan. The company offers resin molded parts, and automobile interior and exterior parts. It also provides resin injection molding products, such as radiator grilles, bumpers, floor consoles, door trims, pillar trims, and grips. In addition, it offers secondary processing services, such as painting, plating, laser cutting, and assembling services. The company was formerly known as Ikuyo Coating Co., Ltd. and changed its name to ikuyo Co., Ltd. in April 1974. The company was incorporated in 1947 and is headquartered in Atsugi, Japan.

How the Company Makes Money

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Ikuyo Co., Ltd. Financial Statement Overview

Summary

Ikuyo Co., Ltd. shows moderate revenue growth and maintains a solid balance sheet with manageable debt levels. However, profitability margins are under pressure, and cash flow challenges persist, particularly with negative free cash flow. Improvements in operational efficiency and cash generation are necessary for enhanced financial health.

Income Statement

Ikuyo Co., Ltd. shows a moderate recovery in revenue with a growth rate of 2.22% from 2024 to 2025. The gross profit margin stands at 11.29%, indicating reasonable cost control. However, the net profit margin of 0.25% and declining EBIT margin to 0.22% suggest challenges in operational efficiency and profitability. The EBITDA margin remains strong at 12.25%, providing some stability.

Balance Sheet

The company's balance sheet reveals a stable financial position with a debt-to-equity ratio of 0.43, indicating manageable leverage. The equity ratio of 43.23% suggests a solid capital structure. Return on equity is low at 0.63%, reflecting challenges in generating returns for shareholders. Overall, the balance sheet remains robust with good asset coverage.

Cash Flow

The cash flow statement highlights a concerning decline in free cash flow, now negative at -854.62 million yen, though the operating cash flow remains positive at 761.37 million yen. The free cash flow to net income ratio is negative, indicating issues in converting sales into usable cash. The operating cash flow to net income ratio is 17.09, showing some strength in cash generation relative to net earnings.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	20.58B	17.74B	17.35B	14.61B	13.24B	10.05B
Gross Profit	2.74B	2.00B	2.40B	2.17B	1.74B	779.08M
EBITDA	2.52B	2.11B	2.22B	1.65B	1.55B	798.84M
Net Income	2.44B	44.55M	488.54M	493.74M	432.22M	-513.11M
Balance Sheet
Total Assets	27.89B	16.32B	15.55B	14.04B	11.22B	10.27B
Cash, Cash Equivalents and Short-Term Investments	6.42B	1.50B	1.67B	1.35B	2.28B	1.12B
Total Debt	4.16B	3.04B	3.69B	2.84B	1.96B	1.87B
Total Liabilities	16.11B	9.24B	9.50B	8.77B	6.39B	5.84B
Stockholders Equity	10.55B	7.03B	6.00B	5.24B	4.80B	4.38B
Cash Flow
Free Cash Flow	0.00	-854.62M	-471.26M	-1.58B	1.28B	-832.49M
Operating Cash Flow	0.00	761.37M	2.03B	876.39M	1.99B	807.69M
Investing Cash Flow	0.00	-1.08B	-2.55B	-2.58B	-887.82M	-1.71B
Financing Cash Flow	0.00	124.98M	818.85M	863.59M	80.92M	18.13M

Ikuyo Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 750.00
• 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:7273, the sentiment is Negative. The current price of 750 is above the 20-day moving average (MA) of 688.20, above the 50-day MA of 737.18, and below the 200-day MA of 792.25, indicating a bearish trend. The MACD of -19.10 indicates Negative momentum. The RSI at 41.54 is Neutral, neither overbought nor oversold. The STOCH value of 41.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7273.

Ikuyo Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7247	75 Outperform	¥13.69B	6.74	―	3.90%	-1.72%	168.62%
7236	71 Outperform	¥51.47B	4.34	―	3.60%	0.14%	882.91%
7266	71 Outperform	¥18.75B	8.04	―	2.70%	-8.63%	-55.68%
7280	70 Outperform	¥56.34B	14.59	―	0.99%	-0.83%	-27.20%
7273	62 Neutral	¥19.56B	-234.95	―	4.58%	34.99%	468.97%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
7294	57 Neutral	¥18.89B	18.77	―	3.19%	-8.99%	-62.26%