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Koken Ltd.
(7963)
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Rating:62Neutral
Price Target:
¥1,907.00
▲(2.75% Upside)
Action:Reiterated
Date:08/07/26
The score is held back primarily by weak and volatile cash generation in 2025 (negative free cash flow despite profitability). Offsetting this are improving revenue momentum and a stable, de-risking balance sheet, while valuation is attractive (low P/E with a decent dividend). Technicals are mixed, indicating neither strong upside momentum nor significant breakdown.
Positive Factors
Re-accelerating revenue growth
Revenue momentum re-accelerated in 2025 (+7.2% annually) and operating profitability improved (~10.7%). Sustained top-line growth with rising operating margin supports durable operating leverage, enhances the firm's ability to convert sales into lasting profits, and reduces dependence on one-off cost actions.
Negative Factors
Negative free cash flow in 2025
Operating cash flow collapsed to 136M and free cash flow swung to -232M in 2025 despite reported profitability. Persistent negative FCF constrains the company's ability to internally fund capex, dividends or strategic investments, increasing reliance on external financing and exposing long-term investment plans to funding risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Re-accelerating revenue growth
Revenue momentum re-accelerated in 2025 (+7.2% annually) and operating profitability improved (~10.7%). Sustained top-line growth with rising operating margin supports durable operating leverage, enhances the firm's ability to convert sales into lasting profits, and reduces dependence on one-off cost actions.
Read all positive factors
Koken Ltd. (7963) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥8.90B
Dividend Yield2.76%
Average Volume (3M)4.09K
Price to Earnings (P/E)11.6
Beta (1Y)0.31
Revenue Growth6.09%
EPS Growth-6.33%
CountryJP
Employees312
SectorGeneral
Sector StrengthN/A
IndustryMedical - Devices
Share Statistics
EPS (TTM)156.37
Shares Outstanding5,104,003
10 Day Avg. Volume2,750
30 Day Avg. Volume4,086
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.66
Price to Sales (P/S)0.77
P/FCF Ratio-39.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Koken Ltd. Business Overview & Revenue Model
Company Description
Koken Ltd., along with its subsidiaries, specializes in the production and sale of personal protective equipment for occupational use and products designed to enhance environmental quality throughout Japan. The company organizes its diverse operat...
How the Company Makes Money
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Koken Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.85B | 11.86B | 10.76B | 10.59B | 10.60B | 10.20B |
| Gross Profit | 5.29B | 5.38B | 4.92B | 4.84B | 4.99B | 4.65B |
| EBITDA | 1.49B | 1.70B | 1.49B | 1.51B | 1.80B | 1.88B |
| Net Income | 768.16M | 885.29M | 722.06M | 701.13M | 833.11M | 862.37M |
Balance Sheet | ||||||
| Total Assets | 21.53B | 22.44B | 20.95B | 20.87B | 20.62B | 19.64B |
| Cash, Cash Equivalents and Short-Term Investments | 3.10B | 2.68B | 2.53B | 2.98B | 2.39B | 2.19B |
| Total Debt | 5.46B | 5.79B | 5.18B | 6.05B | 6.13B | 6.13B |
| Total Liabilities | 7.87B | 8.65B | 7.91B | 8.52B | 8.80B | 8.52B |
| Stockholders Equity | 13.65B | 13.80B | 13.04B | 12.35B | 11.82B | 11.11B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -232.16M | 445.38M | 886.94M | 451.74M | 417.31M |
| Operating Cash Flow | 0.00 | 136.14M | 666.37M | 1.08B | 618.95M | 655.48M |
| Investing Cash Flow | 0.00 | -379.51M | -98.81M | -206.25M | -184.20M | 147.58M |
| Financing Cash Flow | 0.00 | 370.84M | -1.05B | -307.82M | -291.98M | -176.25M |
Koken Ltd. Technical Analysis
Negative
1856.00
Price Trends
1767.22
Positive
1839.97
Negative
1850.84
Negative
Market Momentum
7.43
Positive
51.10
Neutral
74.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7963, the sentiment is Negative. The current price of 1856 is above the 20-day moving average (MA) of 1809.80, above the 50-day MA of 1767.22, and above the 200-day MA of 1850.84, indicating a neutral trend. The MACD of 7.43 indicates Positive momentum. The RSI at 51.10 is Neutral, neither overbought nor oversold. The STOCH value of 74.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7963.
Koken Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥17.10B | 12.92 | ― | 3.02% | 13.43% | 7.14% | |
78 Outperform | ¥41.06B | 11.94 | ― | 2.93% | 2.15% | 12.47% | |
70 Outperform | ¥10.45B | 14.69 | ― | 3.52% | 3.67% | -30.85% | |
62 Neutral | ¥8.90B | 11.57 | ― | 1.89% | 6.09% | -6.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥22.70B | -102.99 | ― | 3.12% | -6.64% | 67.08% | |
47 Neutral | ¥140.05B | 285.71 | 0.33% | 3.73% | 0.78% | -95.37% |
* General Sector Average
JP:7963
Koken Ltd.
1,799.00
150.58
9.13%
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Japan Medical Dynamic Marketing, Inc.
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73.96%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.