OKAMURA CORP (JP:7994)
:7994
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OKAMURA CORP
(7994)
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Rating:74Outperform
Price Target:
¥2,754.00
▲(20.10% Upside)
Action:Reiterated
Date:05/10/26
The score is driven primarily by solid financial fundamentals (conservative leverage and consistent profitability, despite cash-flow volatility) and attractive valuation (low P/E and strong dividend yield). These positives are tempered by weaker near-term technical momentum (negative MACD and below key short-term moving averages).
Positive Factors
Conservative leverage and expanding equity
Low debt and rising equity with sustained ~10–12% ROE provide durable financial flexibility. This reduces refinancing and liquidity risk, supports steady dividend and capex funding, and allows the company to invest opportunistically or weather downturns without eroding core operations.
Negative Factors
Volatile cash-flow conversion
Large swings in operating cash and free cash flow imply uneven working-capital or project timing effects. That unpredictability complicates capital allocation, weakens the reliability of shareholder returns, and raises execution risk for sustained reinvestment or M&A.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage and expanding equity
Low debt and rising equity with sustained ~10–12% ROE provide durable financial flexibility. This reduces refinancing and liquidity risk, supports steady dividend and capex funding, and allows the company to invest opportunistically or weather downturns without eroding core operations.
Read all positive factors
OKAMURA CORP (7994) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥227.50B
Dividend Yield3.99%
Average Volume (3M)181.61K
Price to Earnings (P/E)10.4
Beta (1Y)0.76
Revenue Growth4.61%
EPS Growth1.66%
CountryJP
Employees5,491
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)236.79
Shares Outstanding100,621,020
10 Day Avg. Volume187,430
30 Day Avg. Volume181,606
Financial Highlights & Ratios
PEG Ratio6.28
Price to Book (P/B)1.14
Price to Sales (P/S)0.71
P/FCF Ratio12.11
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)245.63
Revenue Forecast (FY)¥344.73B
OKAMURA CORP Business Overview & Revenue Model
Company Description
Okamura Corporation, together with its subsidiaries, manufactures, sells, distributes, and installs office furniture, store displays, material handling systems, and industrial machinery in Japan. The company offers office furniture products, inclu...
How the Company Makes Money
OKAMURA makes money primarily by selling products and delivering installation-based solutions across its major businesses. A core revenue stream is office furniture, where revenue is generated from the sale of chairs, desks, workstations, partitio...
OKAMURA CORP Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
64
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 329.03B | 314.53B | 298.30B | 277.01B | 261.18B |
| Gross Profit | 111.33B | 103.21B | 97.42B | 86.64B | 81.40B |
| EBITDA | 31.98B | 30.73B | 30.57B | 23.59B | 21.71B |
| Net Income | 22.42B | 22.05B | 20.28B | 15.91B | 14.99B |
Balance Sheet | |||||
| Total Assets | 301.88B | 296.12B | 298.34B | 260.63B | 253.55B |
| Cash, Cash Equivalents and Short-Term Investments | 32.73B | 26.25B | 39.17B | 39.02B | 39.95B |
| Total Debt | 30.02B | 36.86B | 21.26B | 21.75B | 22.81B |
| Total Liabilities | 95.78B | 109.32B | 123.54B | 107.93B | 109.43B |
| Stockholders Equity | 204.13B | 185.14B | 172.35B | 150.76B | 142.63B |
Cash Flow | |||||
| Free Cash Flow | 19.27B | -15.47B | 5.58B | 1.12B | 91.00M |
| Operating Cash Flow | 27.22B | 983.00M | 21.35B | 13.49B | 5.33B |
| Investing Cash Flow | -5.36B | -14.27B | -12.21B | -6.63B | -2.26B |
| Financing Cash Flow | -16.16B | -209.00M | -8.23B | -9.51B | -8.61B |
OKAMURA CORP Technical Analysis
Neutral
2293.00
Price Trends
2501.67
Negative
2445.09
Negative
2351.22
Positive
Market Momentum
-54.61
Positive
38.61
Neutral
17.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7994, the sentiment is Neutral. The current price of 2293 is below the 20-day moving average (MA) of 2454.70, below the 50-day MA of 2501.67, and below the 200-day MA of 2351.22, indicating a neutral trend. The MACD of -54.61 indicates Positive momentum. The RSI at 38.61 is Neutral, neither overbought nor oversold. The STOCH value of 17.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7994.
OKAMURA CORP Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥894.29B | 10.71 | 7.77% | 3.16% | 1.93% | 25.12% | |
79 Outperform | ¥828.64B | 14.35 | 10.50% | 2.03% | 3.03% | 26.77% | |
74 Outperform | ¥227.50B | 10.41 | ― | 3.99% | 4.61% | 1.66% | |
67 Neutral | ¥822.62B | 13.43 | 6.04% | 2.78% | 3.18% | 24.19% | |
64 Neutral | ¥340.66B | 9.14 | 8.83% | 2.33% | 7.82% | 13.39% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | ¥284.94B | 8.38 | -12.69% | 0.71% | -3.56% | ― |
* Industrials Sector Average
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OKAMURA CORP Corporate Events
Okamura lifts sales, boosts dividends on stronger cash flows
May 8, 2026
Okamura Corporation reported consolidated net sales of ¥329.0 billion for the fiscal year ended March 31, 2026, a 4.6% increase year over year, with operating profit edging up to ¥24.1 billion and profit attributable to owners of parent ...
Okamura Revamps Executive Lineup to Bolster Workplace and Logistics Strategy
Feb 13, 2026
Okamura Corporation announced a broad reshuffle of its management team, appointing four new executive officers and adjusting responsibilities across key divisions effective April 1, 2026. The company is elevating leaders in marketing, HR, work sty...
Okamura to Restructure Group Operations to Streamline Office Furniture Business
Feb 13, 2026
Okamura Corporation has approved a group reorganization centered on its Office Furniture business, aiming to streamline after-sales services, procurement, and internal expertise sharing to improve competitiveness and operational efficiency. The pl...
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.