Koyosha Inc. (7946) AI Stock Analysis

• Market Cap: ¥1.29B
• Dividend Yield: 1.64%
• Average Volume (3M): 2.35K
• Price to Earnings (P/E): 24.1
• Beta (1Y): 1.07
• Revenue Growth: 3.75%
• EPS Growth: -61.56%
• Country: JP
• Employees: 181
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): -7.59
• Shares Outstanding: 850,100
• 10 Day Avg. Volume: 1,550
• 30 Day Avg. Volume: 2,350
• PEG Ratio: -0.28
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.21
• P/FCF Ratio: -12.42
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ¥2,434.00 ▲(17.30% Upside)

Koyosha Inc. benefits from strong financial stability and positive revenue growth, but faces challenges in profitability and cash flow. The stock's technical indicators show strong momentum, though overbought conditions suggest caution. Valuation metrics indicate the stock is relatively expensive, which may limit upside potential.

Koyosha Inc. Business Overview & Revenue Model

Company Description

Koyosha Inc. (7946) is a Japanese company that specializes in the development and manufacturing of high-quality printing and imaging equipment. Operating primarily in the technology sector, Koyosha focuses on providing innovative solutions for various applications, including commercial printing, packaging, and industrial printing. The company is known for its advanced printing technologies and commitment to sustainability, offering products that enhance efficiency and reduce environmental impact.

How the Company Makes Money

Koyosha Inc. generates revenue through the sale of its printing and imaging products, which include printers, ink, and related consumables. The company also derives income from providing maintenance services and technical support for its equipment. A significant portion of its revenue is attributed to partnerships with other companies in the printing and packaging industries, allowing Koyosha to expand its market reach and enhance its product offerings. Additionally, Koyosha invests in research and development to innovate new technologies, which further drives sales and customer retention in a competitive market.

Koyosha Inc. Financial Statement Overview

Summary

Koyosha Inc. shows positive revenue growth and strong balance sheet stability with low leverage and a solid equity base. However, profitability and cash flow management challenges are evident, with declining net profit margins and negative free cash flow.

Income Statement

Koyosha Inc. demonstrated a steady revenue growth rate of 5.2% from 2024 to 2025 and a 4.5% increase from 2023 to 2024, highlighting a positive growth trajectory. The gross profit margin remained healthy at approximately 21.5% in 2025, though there was a decline in net profit margin from 3.3% in 2024 to 1.3% in 2025, indicating some pressure on profitability. EBIT and EBITDA margins in 2025 were modest at 1.3% and 5.6% respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio improved to 0.24 in 2025, reflecting strong financial stability and low leverage. Return on Equity (ROE) declined to 3.4% in 2025 from 7.5% in 2024, due to decreased net income. The equity ratio stood strong at 56.2% in 2025, indicating a solid capital structure with sufficient equity backing.

Cash Flow

Operating cash flow decreased significantly to ¥14.1 million in 2025 from ¥217.95 million in 2024, impacting cash flow stability. Free cash flow turned negative at -¥78.5 million in 2025, reflecting increased capital expenditures. The operating cash flow to net income ratio dropped to 0.23 in 2025 from 1.49 in 2024, indicating reduced cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.71B	4.73B	4.49B	4.30B	4.06B	3.83B
Gross Profit	1.01B	1.01B	981.83M	874.96M	797.08M	662.88M
EBITDA	261.20M	265.68M	323.13M	221.59M	186.59M	103.58M
Net Income	53.79M	60.69M	146.46M	58.36M	33.80M	-112.23M
Balance Sheet
Total Assets	2.91B	3.18B	3.50B	3.59B	4.07B	4.20B
Cash, Cash Equivalents and Short-Term Investments	975.31M	1.01B	1.27B	1.27B	1.81B	1.75B
Total Debt	411.55M	433.51M	352.86M	514.00M	585.73M	661.89M
Total Liabilities	1.15B	1.39B	1.54B	1.77B	2.32B	1.97B
Stockholders Equity	1.76B	1.79B	1.96B	1.82B	1.76B	2.23B
Cash Flow
Free Cash Flow	0.00	-78.50M	-675.00K	29.66M	137.37M	130.13M
Operating Cash Flow	0.00	14.13M	217.95M	58.29M	179.97M	202.34M
Investing Cash Flow	0.00	-77.00M	97.63M	-124.34M	-103.26M	-60.12M
Financing Cash Flow	0.00	-148.57M	-161.21M	-566.96M	-76.54M	181.25M

Koyosha Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2075.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7946, the sentiment is Positive. The current price of 2075 is above the 20-day moving average (MA) of 1700.25, above the 50-day MA of 1761.78, and above the 200-day MA of 1577.04, indicating a bullish trend. The MACD of 79.68 indicates Negative momentum. The RSI at 62.84 is Neutral, neither overbought nor oversold. The STOCH value of 79.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7946.

Koyosha Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7811	83 Outperform	¥16.19B	8.88	―	3.77%	7.07%	79.18%
7914	69 Neutral	¥49.24B	10.64	―	3.85%	1.93%	202.39%
7987	69 Neutral	¥15.01B	6.56	―	3.99%	-0.03%	84.05%
7919	68 Neutral	¥3.28B	7.11	―	3.97%	0.62%	-24.06%
7946	68 Neutral	¥1.29B	24.06	―	1.64%	3.75%	-61.56%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
7916	61 Neutral	¥4.81B	29.85	―	3.18%	-0.55%	―