Itoki Corporation (7972) AI Stock Analysis

• Market Cap: ¥122.36B
• Dividend Yield: 2.37%
• Average Volume (3M): 108.29K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 1.14
• Revenue Growth: 7.63%
• EPS Growth: 29.07%
• Country: JP
• Employees: 3,957
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 14.06
• Shares Outstanding: 53,382,850
• 10 Day Avg. Volume: 98,130
• 30 Day Avg. Volume: 108,290
• PEG Ratio: 0.87
• Price to Book (P/B): 1.63
• Price to Sales (P/S): 0.58
• P/FCF Ratio: -19.41
• 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: 65 Neutral
• Price Target: ¥2,487.00 ▲(5.69% Upside)

The overall stock score is primarily influenced by solid financial performance and reasonable valuation. However, technical analysis indicates a bearish trend, which dampens the overall score. The lack of earnings call and corporate events data means these factors do not contribute to the score.

Itoki Corporation Business Overview & Revenue Model

Company Description

Itoki Corporation manufactures and sells office and equipment-related products and services in Japan and internationally. The company offers workstation systems, desks, low partitions, office and conference room chairs, tables, related maintenance services, etc.; office building internal materials, movable and fixed walls, security equipment, factory and logistics equipment, commercial facility equipment, research facility equipment, etc.; and study desks and chairs, study and small office/home office furniture, etc. It also provides furniture and other products for healthcare facilities; bookshelf, auto racks, and find picker products for public facilities; safety deposit boxes and vault doors for financial institutions; and distribution equipment for factories and logistics facilities. The company offers its products under joyten brand name. Itoki Corporation was founded in 1890 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Itoki Corporation generates revenue through multiple key streams, primarily from the sale of office furniture and related products. The company's business model includes direct sales to corporate clients, government agencies, and educational institutions, as well as partnerships with interior design firms and distributors. Itoki also offers customized workspace solutions, which can command higher margins due to their tailored nature. Additionally, the company benefits from ongoing maintenance and support services for its products, which contribute to recurring revenue. Strategic partnerships with architects and designers enhance Itoki's market reach and allow for collaborative projects that can lead to significant sales opportunities.

Itoki Corporation Financial Statement Overview

Summary

Itoki Corporation shows solid financial performance with consistent revenue growth and improved profit margins. However, declining free cash flow indicates potential cash management issues, which slightly offsets the strong operational performance.

Income Statement

Itoki Corporation shows solid financial performance with a consistent revenue growth rate over the past years. The company reported a revenue increase from JPY 132.99 billion in 2023 to JPY 138.46 billion in 2024, marking a 4.11% growth. Gross profit margin improved to 39.86% in 2024 from 39.30% in 2023. The net profit margin increased to 5.19% in 2024, reflecting enhanced profitability. The EBIT and EBITDA margins also improved, indicating efficient operational management. However, net income growth is not as aggressive as revenue growth, suggesting room for margin improvement.

Balance Sheet

The balance sheet reveals a stable financial position with a debt-to-equity ratio of 0.76 in 2024, indicating moderate leverage. Return on equity improved to 14.58% in 2024, showcasing effective use of equity capital. However, the equity ratio slightly decreased to 40.88% in 2024, down from 46.80% in 2023, implying a higher reliance on liabilities. Overall, the company maintains a balanced approach to financing its operations.

Cash Flow

The cash flow statement indicates declining free cash flow, with a negative free cash flow of JPY -4.15 billion in 2024 compared to a positive JPY 3.01 billion in 2023. The operating cash flow to net income ratio was negative, reflecting challenges in converting earnings into cash. The company needs to improve cash generation from operations to enhance financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	145.19B	138.46B	132.99B	123.32B	115.84B	116.21B
Gross Profit	60.99B	55.20B	52.24B	45.75B	41.69B	41.89B
EBITDA	17.28B	13.49B	11.42B	11.76B	5.27B	5.54B
Net Income	9.06B	7.18B	5.91B	5.29B	1.17B	-236.00M
Balance Sheet
Total Assets	126.25B	120.52B	117.44B	115.29B	103.90B	105.10B
Cash, Cash Equivalents and Short-Term Investments	25.29B	22.48B	24.80B	26.98B	17.45B	18.25B
Total Debt	41.27B	37.55B	16.94B	20.10B	19.44B	21.11B
Total Liabilities	72.26B	71.18B	62.44B	65.38B	58.82B	60.91B
Stockholders Equity	53.91B	49.26B	54.96B	49.87B	44.93B	43.81B
Cash Flow
Free Cash Flow	0.00	-4.15B	3.00B	1.66B	664.00M	2.83B
Operating Cash Flow	0.00	-1.00B	6.32B	5.80B	2.77B	4.56B
Investing Cash Flow	0.00	-7.11B	-4.01B	4.92B	-1.17B	-1.15B
Financing Cash Flow	0.00	5.91B	-4.15B	-1.43B	-2.66B	-2.27B

Itoki Corporation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2353.00
• 50DMA: Negative
• 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:7972, the sentiment is Neutral. The current price of 2353 is below the 20-day moving average (MA) of 2435.25, below the 50-day MA of 2434.24, and above the 200-day MA of 2033.21, indicating a neutral trend. The MACD of -26.94 indicates Positive momentum. The RSI at 44.45 is Neutral, neither overbought nor oversold. The STOCH value of 32.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7972.

Itoki Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7989	80 Outperform	¥41.14B	12.21	―	2.51%	2.47%	6.88%
8130	76 Outperform	¥176.66B	13.82	―	5.05%	6.35%	14.05%
7955	75 Outperform	¥28.74B	11.38	―	3.95%	3.03%	160.39%
7981	68 Neutral	¥165.54B	13.94	―	3.16%	6.17%	61.39%
7898	66 Neutral	¥8.10B	3.95	―	2.77%	1.11%	―
7972	65 Neutral	¥122.36B	12.60	―	2.37%	7.63%	29.07%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Itoki Corporation Corporate Events

Itoki Corporation Revises FY2025 Dividend Forecast Upward

Itoki Corporation has announced an amendment to its dividend forecast for FY2025, increasing the year-end dividend per share from 65 yen to 68 yen. This decision reflects the company’s commitment to stable and continuous profit distribution to shareholders, aligning with its long-term strategic priorities.

The most recent analyst rating on (JP:7972) stock is a Hold with a Yen2612.00 price target. To see the full list of analyst forecasts on Itoki Corporation stock, see the JP:7972 Stock Forecast page.

Itoki Corporation Reports Strong Financial Growth for 2025

Itoki Corporation reported a significant improvement in its financial performance for the nine months ending September 30, 2025, with net sales increasing by 10.1% and operating profit rising by 48.8% compared to the previous year. The company’s strong financial results indicate a positive trajectory, with implications for increased shareholder value and a strengthened market position.

The most recent analyst rating on (JP:7972) stock is a Hold with a Yen2612.00 price target. To see the full list of analyst forecasts on Itoki Corporation stock, see the JP:7972 Stock Forecast page.

Itoki Corporation Reports Strong Financial Growth in First Half of 2025

Itoki Corporation reported significant growth in its financial performance for the first half of 2025, with a 9.3% increase in net sales and a substantial rise in operating profit by 54.8% compared to the previous year. This strong performance is attributed to improved operational efficiencies and strategic market positioning, which have positively impacted the company’s financial health and stakeholder confidence.