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Shigematsu Works Co., Ltd.
(7980)
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Rating:65Neutral
Price Target:
¥871.00
▲(11.24% Upside)
Action:Downgraded
Date:05/10/26
The score is driven primarily by solid operating performance and a strengthened balance sheet, offset by persistently negative free cash flow. Attractive valuation (low P/E with a moderate yield) supports the score, while technical signals are mixed with slightly soft momentum.
Positive Factors
Revenue Growth
Re-accelerating revenue (~+10.7% in 2026) indicates sustained end-market demand for respiratory protection and recurring consumable replacement cycles. Durable top-line momentum supports capacity utilization, long-term customer relationships, and incremental investment in R&D or distribution to compound growth over months.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow (~-¥1.65B and -¥1.49B) indicates the company is not converting earnings into surplus cash after investments. Over months this can force external funding or curtail investment, creating structural funding risk despite improved operating cash flow and modest leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Re-accelerating revenue (~+10.7% in 2026) indicates sustained end-market demand for respiratory protection and recurring consumable replacement cycles. Durable top-line momentum supports capacity utilization, long-term customer relationships, and incremental investment in R&D or distribution to compound growth over months.
Read all positive factors
Shigematsu Works Co., Ltd. (7980) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.78B
Dividend Yield1.93%
Average Volume (3M)7.97K
Price to Earnings (P/E)8.2
Beta (1Y)0.08
Revenue Growth10.49%
EPS Growth-10.04%
CountryJP
Employees399
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)98.74
Shares Outstanding7,200,000
10 Day Avg. Volume9,150
30 Day Avg. Volume7,966
Financial Highlights & Ratios
PEG Ratio-0.92
Price to Book (P/B)0.69
Price to Sales (P/S)0.42
P/FCF Ratio-4.36
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
Shigematsu Works Co., Ltd. Business Overview & Revenue Model
Company Description
Established in 1917 and headquartered in Tokyo, Japan, Shigematsu Works Co., Ltd. is a prominent Japanese manufacturer and distributor of safety and protective gear. The company's extensive product portfolio features various personal protective eq...
How the Company Makes Money
Revenue is primarily generated from the sale of respiratory protective products to corporate and institutional customers. Key revenue streams typically include (1) sales of respiratory protective devices (e.g., masks/respirators) and (2) recurring...
Shigematsu Works Co., Ltd. Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
74
Positive
Cash Flow
41
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.59B | 14.11B | 13.00B | 12.88B | 11.92B |
| Gross Profit | 4.61B | 4.30B | 3.93B | 4.01B | 3.63B |
| EBITDA | 1.97B | 1.73B | 1.31B | 1.69B | 1.25B |
| Net Income | 702.20M | 780.58M | 584.08M | 748.24M | 589.11M |
Balance Sheet | |||||
| Total Assets | 21.59B | 18.17B | 16.22B | 15.32B | 14.32B |
| Cash, Cash Equivalents and Short-Term Investments | 2.45B | 1.48B | 1.63B | 1.63B | 1.35B |
| Total Debt | 7.63B | 5.04B | 3.12B | 3.13B | 3.36B |
| Total Liabilities | 12.15B | 9.61B | 7.94B | 7.97B | 7.83B |
| Stockholders Equity | 9.44B | 8.57B | 8.28B | 7.35B | 6.50B |
Cash Flow | |||||
| Free Cash Flow | -1.49B | -1.65B | 399.81M | 667.73M | 26.94M |
| Operating Cash Flow | 1.21B | 228.18M | 966.39M | 1.12B | 490.66M |
| Investing Cash Flow | -2.73B | -2.21B | -838.81M | -643.92M | -496.46M |
| Financing Cash Flow | 2.49B | 1.83B | -125.72M | -299.93M | -173.66M |
Shigematsu Works Co., Ltd. Technical Analysis
Negative
783.00
Price Trends
835.92
Negative
891.57
Negative
836.16
Negative
Market Momentum
-1.60
Negative
49.79
Neutral
64.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7980, the sentiment is Negative. The current price of 783 is below the 20-day moving average (MA) of 803.15, below the 50-day MA of 835.92, and below the 200-day MA of 836.16, indicating a neutral trend. The MACD of -1.60 indicates Negative momentum. The RSI at 49.79 is Neutral, neither overbought nor oversold. The STOCH value of 64.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7980.
Shigematsu Works Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥920.15B | 30.50 | 11.64% | 0.82% | 15.13% | 196.11% | |
70 Outperform | ¥157.73B | 25.03 | ― | 2.73% | 9.94% | 10.50% | |
65 Neutral | ¥5.78B | 8.23 | ― | 1.93% | 10.49% | -10.04% | |
63 Neutral | ¥257.46B | 213.48 | -2.06% | 2.66% | 9.95% | -79.87% | |
54 Neutral | ¥257.69B | 19.07 | 4.38% | 2.03% | 2.47% | 164.11% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
46 Neutral | ¥11.41B | -14.68 | ― | 3.85% | -5.60% | -980.97% |
* Healthcare Sector Average
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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.