Kokuyo Co (7984) AI Stock Analysis

• Market Cap: ¥388.21B
• Dividend Yield: 2.33%
• Average Volume (3M): 798.66K
• Price to Earnings (P/E): 18.4
• Beta (1Y): 0.73
• Revenue Growth: 6.29%
• EPS Growth: 8.74%
• Country: JP
• Employees: 7,647
• Sector: Industrials
• Sector Strength: 72
• Industry: Business Equipment & Supplies
• EPS (TTM): 6.74
• Shares Outstanding: 440,969,850
• 10 Day Avg. Volume: 960,510
• 30 Day Avg. Volume: 798,660
• PEG Ratio: 0.23
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 9.22
• 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: 76 Outperform
• Price Target: ¥1,063.00 ▲(25.52% Upside)

Kokuyo Co's strong financial performance and positive technical indicators are the primary drivers of its stock score. While the valuation is fair, it does not significantly enhance the score. The absence of earnings call data and corporate events means these factors do not impact the overall assessment.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective business strategies, supporting long-term expansion and stability.

Balance Sheet Health

A low debt-to-equity ratio reflects financial stability and reduces risk, providing flexibility for future investments and growth opportunities.

Profitability

Stable profitability margins indicate efficient cost management and pricing strategies, ensuring sustainable earnings over the long term.

Negative Factors

Cash Flow Management

Low cash flow efficiency may hinder the company's ability to fund operations and investments, potentially impacting future growth and stability.

EBIT and EBITDA Margins

Decreasing margins suggest rising costs or pricing pressures, which could affect profitability and competitiveness if not addressed.

Cash Generation Efficiency

Moderate cash generation efficiency indicates room for improvement in converting income into cash, which is crucial for funding growth and dividends.

Kokuyo Co Business Overview & Revenue Model

Company Description

Kokuyo Co., Ltd. (TSE: 7984) is a leading Japanese manufacturer and retailer of stationery products, office supplies, and educational materials. Established in 1905, the company operates primarily in the stationery sector, offering a wide range of products including notebooks, writing instruments, paper products, and office furniture. Kokuyo also provides solutions for corporate customers, designing and manufacturing custom products tailored to specific business needs. With a focus on innovation, Kokuyo aims to enhance productivity and creativity in educational and professional environments.

How the Company Makes Money

Kokuyo generates revenue through multiple streams, primarily by selling a diverse range of stationery and office supplies to both consumers and businesses. The company has a robust retail network, including its own stores and partnerships with various retailers, which enables it to reach a broad customer base. Additionally, Kokuyo earns revenue from its corporate solutions segment, where it provides customized products and services to businesses, including office furniture and specialized stationery. The company's commitment to innovation and quality has also led to strategic partnerships with educational institutions and corporations, further enhancing its market presence and sales opportunities. Overall, Kokuyo's revenue model is built on a combination of direct sales, business solutions, and partnerships within the education and corporate sectors.

Kokuyo Co Financial Statement Overview

Summary

Kokuyo Co exhibits strong financial health with solid revenue growth and profitability. The company maintains a low debt-to-equity ratio, indicating financial stability. However, there are minor concerns regarding cash flow management.

Income Statement

Kokuyo Co demonstrates strong revenue growth with a TTM increase of 2.2% and consistent gross profit margins around 39%. The net profit margin is stable at approximately 5.8%, indicating good profitability. However, the EBIT and EBITDA margins have slightly decreased in the TTM, suggesting potential cost management issues.

Balance Sheet

The company maintains a very low debt-to-equity ratio of 0.015 in the TTM, indicating strong financial stability. The return on equity is healthy at 7.6%, and the equity ratio is robust, reflecting a solid capital structure. These factors contribute to a strong balance sheet position.

Cash Flow

Kokuyo Co shows impressive free cash flow growth in the TTM, with a significant increase of over 500%. However, the operating cash flow to net income ratio is relatively low at 0.087, suggesting potential cash flow management challenges. The free cash flow to net income ratio is moderate, indicating room for improvement in cash generation efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	352.33B	338.23B	328.75B	300.93B	320.17B	300.64B
Gross Profit	140.95B	132.92B	127.39B	116.67B	115.71B	107.39B
EBITDA	37.88B	43.31B	36.08B	30.45B	28.90B	18.70B
Net Income	22.14B	21.79B	19.07B	18.24B	13.70B	8.30B
Balance Sheet
Total Assets	332.07B	362.96B	358.41B	337.17B	324.58B	320.30B
Cash, Cash Equivalents and Short-Term Investments	109.20B	132.34B	115.62B	98.46B	101.29B	90.78B
Total Debt	3.70B	4.18B	9.24B	9.47B	9.32B	12.96B
Total Liabilities	77.16B	98.90B	104.99B	97.42B	94.47B	93.96B
Stockholders Equity	251.40B	260.55B	251.84B	237.87B	228.47B	224.62B
Cash Flow
Free Cash Flow	9.11B	8.60B	28.39B	3.93B	15.75B	12.59B
Operating Cash Flow	14.53B	16.38B	34.74B	9.58B	21.79B	19.22B
Investing Cash Flow	7.39B	12.25B	-3.80B	-3.32B	2.56B	-6.11B
Financing Cash Flow	-27.10B	-15.62B	-14.44B	-8.99B	-15.06B	-5.95B

Kokuyo Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 846.90
• 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:7984, the sentiment is Positive. The current price of 846.9 is below the 20-day moving average (MA) of 904.02, below the 50-day MA of 905.75, and below the 200-day MA of 851.29, indicating a neutral trend. The MACD of 1.54 indicates Positive momentum. The RSI at 50.29 is Neutral, neither overbought nor oversold. The STOCH value of 34.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7984.

Kokuyo Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7994	76 Outperform	¥234.83B	10.45	―	3.99%	6.02%	18.88%
7984	76 Outperform	¥388.21B	18.40	8.83%	2.33%	6.29%	8.74%
7846	75 Outperform	¥187.12B	13.63	―	2.56%	-0.26%	3.35%
7976	74 Outperform	¥118.63B	16.50	―	2.09%	6.39%	-34.84%
7975	70 Neutral	¥4.29B	20.52	―	2.03%	3.24%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
7962	58 Neutral	¥23.12B	43.29	―	1.69%	-2.71%	―

Kokuyo Co Corporate Events

Kokuyo Cancels 22 Million Treasury Shares to Tighten Capital Policy

Kokuyo Co., Ltd. has canceled 22 million of its own common shares, representing 4.75% of its issued shares before the transaction, with the cancellation completed on December 25, 2025 under Article 178 of the Companies Act. Following this move, the company now has 440,969,852 issued shares outstanding and reaffirmed its capital policy under its fourth medium-term plan to keep treasury shares below 2% of total issued shares and to cancel any excess on an ongoing basis, signaling continued emphasis on shareholder-oriented capital efficiency and disciplined balance sheet management.

The most recent analyst rating on (JP:7984) stock is a Buy with a Yen1063.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.

KOKUYO Completes ¥20 Billion Share Buyback Program After Stock Split

KOKUYO Co., Ltd. has completed a share repurchase program authorized by its board on February 14, 2025, conducting open-market buybacks of its common stock on the Tokyo Stock Exchange. In the latest tranche, between December 1 and December 19, 2025, the company acquired 2,063,300 shares for approximately ¥1.92 billion, bringing total repurchases under the program to 23,089,300 shares at a cost of about ¥20 billion, with figures presented on a post–four-for-one stock split basis. The completion of this sizable buyback, close to the approved monetary ceiling, underscores KOKUYO’s ongoing efforts to enhance shareholder returns and optimize its capital structure, which may support earnings per share and signal confidence in the company’s long-term prospects.

The most recent analyst rating on (JP:7984) stock is a Buy with a Yen1063.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.

Kokuyo Co. to Acquire Vietnamese Stationery Leader Thien Long Group

Kokuyo Co., Ltd. has announced its plan to acquire Thien Long Group Corporation, a prominent Vietnamese stationery manufacturer, through a stock purchase and tender offer. This acquisition aligns with Kokuyo’s strategy to expand its global presence and leverage TLG’s strong business infrastructure in the ASEAN region, contributing to sustained growth and long-term value creation for both companies.

The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.

Kokuyo Co. Announces Share Buyback Program

Kokuyo Co., Ltd. has announced a share buyback program, acquiring 1,974,400 shares valued at approximately ¥1.78 billion between November 1 and November 30, 2025. This move follows a previous buyback initiative approved in February 2025, which included a four-for-one stock split in July 2025, and reflects Kokuyo’s ongoing efforts to optimize capital structure and enhance shareholder returns.

The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.

Kokuyo Co. to Acquire and Integrate Six Sales Affiliates

Kokuyo Co., Ltd. has announced its plan to acquire six Japan-based sales companies, currently equity-method affiliates, to make them wholly owned subsidiaries and integrate them into Kokuyo Marketing Co. Ltd. This strategic move aims to consolidate resources, enhance competitive advantage, and strengthen Kokuyo’s sales network in Japan, thereby improving resilience and unlocking further growth in its B2B operations. The reorganization is expected to improve knowledge-sharing and coordination, enabling Kokuyo to deliver greater value to customers and gain a competitive edge in a changing market.

The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.

Kokuyo Co. Announces Strategic Cancellation of Treasury Shares

Kokuyo Co., Ltd. announced the cancellation of 22 million treasury shares, which represents 4.75% of its total issued shares, as part of its financial strategy to maintain treasury shares below 2% of total shares. This move is aligned with the company’s fourth medium-term plan, aiming to optimize capital structure and enhance shareholder value.

The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.

Kokuyo Co. Announces Strategic Share Buyback

Kokuyo Co., Ltd. has announced a share buyback initiative, acquiring 2,780,800 shares valued at approximately ¥2.39 billion through open market repurchases on the Tokyo Stock Exchange. This move follows a previous buyback plan and a recent stock split, indicating Kokuyo’s strategic efforts to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.

Kokuyo Co., Ltd Reports Increased Sales and Income for Nine Months Ending September 2025

Kokuyo Co., Ltd reported a 5.4% increase in net sales for the nine months ending September 30, 2025, reaching ¥265,650 million. Operating income rose by 20.1% to ¥21,490 million, while ordinary income increased by 13.5% to ¥21,793 million. The company also completed a 4-for-1 stock split on July 1, 2025, impacting earnings per share calculations. Despite these positive results, comprehensive income decreased by 12.7% compared to the previous year. The company forecasts continued growth in net sales and operating income for the full fiscal year ending December 31, 2025, with expected net sales of ¥357,000 million and operating income of ¥25,000 million.

The most recent analyst rating on (JP:7984) stock is a Buy with a Yen948.00 price target. To see the full list of analyst forecasts on Kokuyo Co stock, see the JP:7984 Stock Forecast page.