Kokuyo Co Ltd (JP:7984)
:7984
Want to see JP:7984 full AI Analyst Report?
Top Page
Kokuyo Co
(7984)
Select Model
Select Model
Rating:64Neutral
Price Target:
¥838.00
▼(-1.05% Downside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by strong financial stability (especially the very conservative balance sheet) and generally steady profitability, offset by weak recent cash-flow conversion and a clearly bearish price trend with the stock trading well below key moving averages. Valuation is supportive due to a moderate P/E and ~3.1% dividend yield but is not strong enough to outweigh the technical and cash-flow concerns.
Positive Factors
Conservative, low‑leverage balance sheet
Extremely low leverage and sizable equity provide durable financial flexibility: supports capital spending, dividend continuity, and downturn resilience without needing external financing. This conservatism preserves optionality for strategic investments or M&A over the next 2–6 months.
Negative Factors
Weak, volatile free cash flow conversion
Volatile FCF and FCF covering only ~50% of net income undermine earnings quality and limit internally funded investments or payouts. Persistent cash conversion weakness raises the risk that working-capital swings or capex needs will constrain strategic flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative, low‑leverage balance sheet
Extremely low leverage and sizable equity provide durable financial flexibility: supports capital spending, dividend continuity, and downturn resilience without needing external financing. This conservatism preserves optionality for strategic investments or M&A over the next 2–6 months.
Read all positive factors
Kokuyo Co (7984) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥336.03B
Dividend Yield2.33%
Average Volume (3M)798.66K
Price to Earnings (P/E)9.1
Beta (1Y)0.77
Revenue Growth7.82%
EPS Growth13.39%
CountryJP
Employees7,647
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)23.46
Shares Outstanding440,969,850
10 Day Avg. Volume960,510
30 Day Avg. Volume798,660
Financial Highlights & Ratios
PEG Ratio33.50
Price to Book (P/B)1.55
Price to Sales (P/S)1.08
P/FCF Ratio49.22
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)52.2
Revenue Forecast (FY)¥384.30B
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...
How the Company Makes Money
Kokuyo primarily makes money by selling branded stationery and office supplies through wholesale and retail distribution as well as direct sales to corporate customers. A key revenue stream is recurring, high-volume demand for consumable items suc...
Kokuyo Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 368.49B | 359.88B | 338.23B | 328.75B | 300.93B | 320.17B |
| Gross Profit | 147.37B | 144.47B | 132.92B | 127.39B | 116.67B | 115.71B |
| EBITDA | 35.09B | 34.43B | 30.00B | 31.91B | 26.13B | 26.93B |
| Net Income | 21.55B | 21.47B | 21.79B | 19.07B | 18.24B | 13.70B |
Balance Sheet | ||||||
| Total Assets | 352.12B | 355.05B | 362.96B | 358.41B | 337.54B | 324.58B |
| Cash, Cash Equivalents and Short-Term Investments | 91.14B | 110.75B | 132.34B | 115.62B | 98.46B | 101.29B |
| Total Debt | 3.98B | 3.47B | 7.14B | 11.94B | 12.64B | 11.77B |
| Total Liabilities | 91.07B | 99.59B | 98.89B | 104.98B | 97.92B | 94.47B |
| Stockholders Equity | 257.36B | 251.68B | 260.55B | 251.84B | 237.74B | 228.47B |
Cash Flow | ||||||
| Free Cash Flow | 2.79B | 7.91B | 12.01B | 30.37B | 6.19B | 17.80B |
| Operating Cash Flow | 12.31B | 14.37B | 16.38B | 34.74B | 9.58B | 21.79B |
| Investing Cash Flow | -9.41B | -4.61B | 12.25B | -3.80B | -3.32B | 2.56B |
| Financing Cash Flow | -32.56B | -31.65B | -15.62B | -14.44B | -8.99B | -15.06B |
Kokuyo Co Technical Analysis
Neutral
846.90
Price Trends
881.45
Positive
894.24
Negative
887.69
Negative
Market Momentum
7.91
Negative
53.30
Neutral
43.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7984, the sentiment is Neutral. The current price of 846.9 is below the 20-day moving average (MA) of 872.07, below the 50-day MA of 881.45, and below the 200-day MA of 887.69, indicating a neutral trend. The MACD of 7.91 indicates Negative momentum. The RSI at 53.30 is Neutral, neither overbought nor oversold. The STOCH value of 43.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7984.
Kokuyo Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥247.70B | 8.98 | ― | 3.99% | 5.90% | 29.21% | |
72 Outperform | ¥120.90B | 12.67 | ― | 2.09% | 0.66% | -30.89% | |
71 Outperform | ¥167.81B | 15.37 | ― | 2.56% | 0.18% | -18.55% | |
64 Neutral | ¥336.03B | 9.14 | 8.83% | 2.33% | 7.82% | 13.39% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥22.52B | 17.75 | ― | 1.69% | -2.48% | 161.85% | |
47 Neutral | ¥3.92B | 27.03 | ― | 2.03% | -1.04% | -83.70% |
* Industrials Sector Average
JP:7984
Kokuyo Co
809.90
89.92
12.49%
JP:7846
Pilot Corporation
4,800.00
986.34
25.86%
JP:7962
King Jim Co., Ltd.
800.00
-53.97
-6.32%
JP:7975
LIHIT LAB., INC.
1,155.00
78.36
7.28%
JP:7976
Mitsubishi Pencil Company, Limited
2,547.00
398.44
18.54%
JP:7994
OKAMURA CORP
2,505.00
612.91
32.39%
Kokuyo Co Corporate Events
Kokuyo Completes Treasury Stock Disposal for Performance-Linked Employee Compensation
Apr 30, 2026
Kokuyo Co., Ltd. has completed the payment procedures for the disposal of 54,549 shares of its treasury stock to deliver performance-linked restricted stock compensation to 57 employees. The transaction, resolved by the board in March and executed...
Kokuyo Delivers Strong Q1 Sales and Raises 2026 Outlook Despite Profit Headwinds
Apr 28, 2026
Kokuyo Co., Ltd. reported consolidated net sales of ¥108.1 billion for the three months ended March 31, 2026, an 8.7% year-on-year increase, with operating income up 2.7% to ¥13.8 billion and ordinary income up 11.4% to ¥14.5 billio...
Kokuyo Completes Treasury Share Disposal for Restricted Stock Compensation
Apr 15, 2026
Kokuyo Co., Ltd. has completed the pay-in procedure for the disposal of treasury shares to deliver restricted stock compensation to its management. The move follows a March 31, 2026 board approval, aligning executive incentives more closely with s...
Kokuyo Corrects Details of Treasury Stock Disposal for Executive Restricted Stock Plan
Mar 31, 2026
Kokuyo Co., Ltd. has issued a correction to its March 27, 2026 announcement regarding the disposal of treasury stock for restricted stock compensation to executives. The company identified errors in the originally disclosed figures and has updated...
Kokuyo Links Executive Stock Awards to EBITDA and Share Performance
Mar 27, 2026
Kokuyo Co., Ltd. has approved the allotment of performance stock units to two corporate officers and ten managing officers under a performance-linked stock compensation plan tied to its fourth medium-term management framework. The awards comprise ...
Kokuyo Expands Equity-Based Pay with Treasury Stock Disposal for Restricted Shares
Mar 27, 2026
Kokuyo Co., Ltd. will dispose of 77,005 shares of its treasury stock on April 15, 2026, at 835.9 yen per share, for total proceeds of about 64.37 million yen, to deliver restricted stock as compensation. The allocation will cover seven of eight di...
Kokuyo Grants Performance-Linked Restricted Shares Through Treasury Stock Disposal
Mar 27, 2026
Kokuyo Co., Ltd. has approved the disposal of 54,549 shares of treasury stock, worth about ¥45.6 million, to deliver performance-linked restricted stock to 57 employees. The stock will be allocated at ¥835.9 per share and is subject to t...
Kokuyo Launches Up to ¥15 Billion Share Buyback to Boost Capital Efficiency
Mar 27, 2026
Kokuyo Co., Ltd. has approved a share buyback program under Japan’s Companies Act as part of its medium-term plan, Unite for Growth 2027, which emphasizes both long-term business expansion and improved capital efficiency. The repurchase is p...
Kokuyo Revamps Managing Officer Lineup Ahead of 2026 Governance Shift
Feb 26, 2026
Kokuyo Co., Ltd. announced a series of changes to its managing officers, effective April 1, 2026, as approved by its board of directors. The reshuffle includes new role definitions for Naotaka Umeda, Masahiro Fukui, and Koji Morita, reallocating r...
Kokuyo Reveals Oasis Management as New Largest Major Shareholder
Feb 17, 2026
Kokuyo Co., Ltd. has disclosed that Oasis Management Company Ltd., an asset management firm based in the Cayman Islands, has become its largest major shareholder. According to large-volume shareholding change reports filed with the Kanto Local Fin...
Kokuyo Sets May 2026 Date for Head Office Move to Grand Green Osaka
Feb 13, 2026
Kokuyo Co., Ltd. has set May 1, 2026 as the official date to relocate its head office to the 14th floor of Park Tower in the Grand Green Osaka complex in Kita-ku, Osaka. This move advances a previously announced plan to modernize the company’...
Kokuyo Links Executive Stock Pay to EBITDA, ROE and TSR Targets
Feb 13, 2026
Kokuyo Co., Ltd. has approved the introduction of a performance-linked stock compensation plan for its corporate and managing officers, aligning executive pay more closely with the company’s medium-term strategy and financial targets. The sc...
Kokuyo Lifts Year-End Dividend, Reaffirming Progressive Payout Policy
Feb 13, 2026
Kokuyo Co., Ltd. has announced that its board will propose an increase in the year-end dividend for the fiscal year ended December 2025, raising the payout to 13 yen per share from the previously forecast 11.5 yen, with total year-end dividends of...
Kokuyo Lifts Sales and Operating Profit, Boosts Payout After Stock Split
Feb 13, 2026
Kokuyo Co., Ltd., a leading Japanese office furniture and stationery maker, reported consolidated net sales of ¥359.9 billion for the fiscal year ended December 31, 2025, up 6.2% year on year, with operating income rising 16.5% to ¥26.2 ...
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.