Mamiya-Op Co.,Ltd (7991) AI Stock Analysis

• Market Cap: ¥14.22B
• Dividend Yield: 5.73%
• Average Volume (3M): 69.71K
• Price to Earnings (P/E): 55.0
• Beta (1Y): 0.88
• Revenue Growth: -27.22%
• EPS Growth: -62.64%
• Country: JP
• Employees: 1,519
• Sector: Industrials
• Sector Strength: 72
• Industry: Business Equipment & Supplies
• EPS (TTM): 7.43
• Shares Outstanding: 10,508,670
• 10 Day Avg. Volume: 30,320
• 30 Day Avg. Volume: 69,710
• PEG Ratio: 0.53
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 0.43
• P/FCF Ratio: 2.33
• 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: ¥1,639.00 ▲(0.18% Upside)
• Action: Reiterated Date: 11/07/25
• Date: Action: Reiterated 11/07/25

Mamiya-Op Co., Ltd's strong financial performance and attractive valuation are the primary drivers of its stock score. While the technical indicators suggest short-term bearishness, the company's low P/E ratio and high dividend yield provide a compelling investment case. Historical financial volatility remains a risk factor.

Positive Factors

Conservative balance sheet

A high equity ratio and low leverage provide durable financial flexibility to fund capex, R&D or dividends without relying heavily on external debt. ROE of 18.8% indicates efficient use of equity capital, supporting long-term shareholder returns and strategic investments.

Material cash-flow recovery

A dramatic FCF increase and positive operating cash flow to net income show the company converted profits into cash more effectively. Strong cash generation supports sustainable capex, debt reduction and shareholder distributions over the medium term, enhancing resilience.

Improved profitability and revenue

Meaningful revenue growth with healthy gross and operating margins reflects operational efficiency and favorable product mix. Robust margins (EBIT/EBITDA) create lasting capacity to reinvest, withstand pricing pressure, and sustain earnings through cycles.

Negative Factors

Revenue volatility

Significant historical revenue swings and a prior net loss year suggest demand cyclicality or execution risk. Durable planning and forecasting become harder, increasing the likelihood of intermittent earnings pressure and strained cash flows during adverse periods.

Weak EPS trend

A steep decline in EPS signals erosion in per-share profitability, which may reflect margin pressure, nonrecurring losses or dilution. Continued EPS weakness undermines ability to fund growth internally and maintain dividend levels over the medium term.

Balance-sheet variability risk

Although leverage is moderate today, prior swings in liabilities and equity point to episodic financing or working-capital stress. Recurring balance-sheet variability can increase refinancing risk and complicate long-term investment and liquidity planning.

Mamiya-Op Co.,Ltd Business Overview & Revenue Model

Company Description

Mamiya-OP Co., Ltd. manufactures and sells electronic and sports equipment in Japan and internationally. The company provides CR units; ticket-vending machines; banknote transfer system equipment; bill validators; medal and coin hoppers; IC card readers/writers; thin film thickness gauges; and physical random number generators. It also offers golf shafts, blocking rods, pole vault poles, arrows, and bows. In addition, the company is involved in the buying, selling, brokerage, and management of real estate properties. Further, it provides automatic lawn mowers; system solutions; and mobile order system, as well as engages in ICT and system integration business. Mamiya-OP Co., Ltd. was founded in 1931 and is headquartered in Tokyo, Japan.

How the Company Makes Money

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Mamiya-Op Co.,Ltd Financial Statement Overview

Summary

Mamiya-Op Co., Ltd demonstrates strong financial health with impressive revenue and profit growth, robust profitability margins, and a solid balance sheet. However, historical fluctuations and prior periods of losses indicate potential risks that require careful management to ensure sustained performance.

Income Statement

Mamiya-Op Co., Ltd has shown strong revenue growth with a 23% increase from 2024 to 2025, alongside improvements in profitability margins. The gross profit margin improved to 31.3%, and the net profit margin rose to 14.0% in 2025, indicating operational efficiency and cost management. The EBIT and EBITDA margins are robust at 19% and 20.8% respectively, reflecting strong core business performance. However, past volatility in profitability, as seen with net losses in 2021, suggests potential risks in maintaining consistent growth.

Balance Sheet

The company's balance sheet reflects solid equity strength with an equity ratio of 61.8% in 2025, indicating financial stability. The debt-to-equity ratio is moderate at 0.31, suggesting a conservative leverage strategy. Return on Equity (ROE) at 18.8% is healthy, showing effective utilization of equity capital. However, the historical fluctuations in total liabilities and equity levels point to potential risks in maintaining long-term stability.

Cash Flow

The cash flow position of Mamiya-Op Co., Ltd has significantly strengthened, with a dramatic increase in free cash flow from 2024 to 2025, registering a growth rate of 266.6%. The operating cash flow to net income ratio is positive, reflecting efficient cash generation relative to net profits. Historical challenges with negative operating and free cash flows, particularly in 2021 and 2020, suggest the need for vigilance in cash management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	32.58B	33.71B	27.39B	15.91B	12.87B	9.62B
Gross Profit	9.75B	10.55B	8.56B	4.86B	4.16B	2.65B
EBITDA	5.96B	6.79B	5.14B	2.14B	830.05M	-491.16M
Net Income	3.90B	4.72B	3.85B	1.99B	634.24M	-1.49B
Balance Sheet
Total Assets	40.23B	40.63B	38.47B	31.17B	23.15B	22.28B
Cash, Cash Equivalents and Short-Term Investments	13.02B	14.24B	8.20B	6.21B	6.57B	5.50B
Total Debt	7.68B	7.89B	7.55B	7.67B	6.59B	7.45B
Total Liabilities	15.18B	15.51B	17.88B	14.65B	10.67B	10.27B
Stockholders Equity	25.04B	25.11B	20.58B	16.51B	12.46B	12.00B
Cash Flow
Free Cash Flow	0.00	6.28B	1.73B	-587.87M	227.02M	-585.43M
Operating Cash Flow	0.00	6.68B	2.64B	-237.08M	416.71M	-449.69M
Investing Cash Flow	0.00	-1.63B	-1.84B	-978.94M	178.59M	-283.90M
Financing Cash Flow	0.00	119.78M	1.24B	695.49M	433.98M	-147.59M

Mamiya-Op Co.,Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1636.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7991, the sentiment is Negative. The current price of 1636 is above the 20-day moving average (MA) of 1452.20, above the 50-day MA of 1556.16, and above the 200-day MA of 1605.64, indicating a bearish trend. The MACD of -27.76 indicates Negative momentum. The RSI at 43.50 is Neutral, neither overbought nor oversold. The STOCH value of 58.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7991.

Mamiya-Op Co.,Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7991	76 Outperform	¥14.22B	55.03	―	5.73%	-27.22%	-62.64%
7846	71 Outperform	¥177.91B	15.37	―	2.56%	-0.26%	3.35%
7976	71 Outperform	¥121.42B	19.05	―	2.09%	6.39%	-34.84%
7975	70 Neutral	¥4.00B	-199.56	―	2.03%	3.24%	―
7984	67 Neutral	¥348.26B	18.13	8.83%	2.33%	6.29%	8.74%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
7962	58 Neutral	¥23.06B	17.72	―	1.69%	-2.71%	―