Paltac (8283) AI Stock Analysis

• Market Cap: ¥310.02B
• Dividend Yield: 2.3%
• Average Volume (3M): 64.93K
• Price to Earnings (P/E): 14.2
• Beta (1Y): 0.40
• Revenue Growth: 3.75%
• EPS Growth: 3.77%
• Country: JP
• Employees: 1,478
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): 100.88
• Shares Outstanding: 62,000,000
• 10 Day Avg. Volume: 61,240
• 30 Day Avg. Volume: 64,930
• PEG Ratio: 0.94
• Price to Book (P/B): 0.86
• Price to Sales (P/S): 0.21
• P/FCF Ratio: 12.88
• 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): 355
• Revenue Forecast (FY): ¥1.23T

• Rating: 75 Outperform
• Price Target: ¥5,592.00 ▲(15.13% Upside)
• Action: Reiterated Date: 02/08/26
• Date: Action: Reiterated 02/08/26

The score is driven primarily by strong financial stability (very low leverage and growing equity), supported by a positive technical trend (price above key moving averages and positive MACD). Offsetting factors are modest profitability with recent TTM margin/earnings softening and somewhat uneven cash-flow trends; valuation is reasonable with a mid-teens P/E and a ~2.25% dividend yield.

Positive Factors

Conservative balance sheet / low leverage

Very low leverage and growing equity provide durable financial flexibility. This supports capital spending on logistics, absorbs demand shocks, and preserves optionality for acquisitions or working-capital needs without stressing interest coverage, sustaining long-term operations.

Steady revenue growth and scale-driven distribution

Consistent low-to-mid single-digit revenue growth reflects recurring demand for daily necessities and broad retailer relationships. Stable volumes underpin efficient, nationwide logistics scale, enabling per-unit cost advantages and resilient wholesale cash flows over multi-quarter horizons.

Consistent positive free cash flow historically

Persistent positive free cash flow close to reported earnings shows the business converts profits to cash, supporting dividends, maintenance capex, and gradual reinvestment. That cash generation underpins financial stability despite modest margins.

Negative Factors

Thin and compressing margins

Very thin margins limit earnings leverage and leave little room to absorb cost inflation or pricing pressure from retailers. Recent TTM margin compression weakens profitability resilience and constrains reinvestment, making earnings sensitive to small sales or cost swings.

Uneven cash-flow trends and weaker TTM FCF

Volatile free cash flow and modest operating cash flow versus sales imply inconsistent cash conversion. This raises risk for funding working capital cycles and sustaining dividends or capex during downturns, reducing predictability of internal funding.

Recent uptick in TTM debt versus annual reports

An increase in TTM debt, even from a low base, suggests episodic borrowing for working capital or investment. If sustained, higher debt could erode the company’s conservative balance-sheet advantage and raise interest and refinancing sensitivity over the medium term.

Paltac Business Overview & Revenue Model

Company Description

Paltac Corporation (8283) is a leading distributor of consumer goods in Japan, specializing in the wholesale of a wide range of products including household items, personal care products, and food items. The company operates in the retail and distribution sectors, catering primarily to convenience stores, supermarkets, and drugstores. With a robust logistics network and a focus on efficient supply chain management, Paltac plays a vital role in connecting manufacturers with retailers across the country.

How the Company Makes Money

Paltac generates revenue primarily through its distribution services, which involve purchasing goods from manufacturers and selling them to retail outlets at a markup. Key revenue streams include the wholesale of various consumer products, such as toiletries, cleaning supplies, and food items. The company benefits from economies of scale due to its extensive distribution network and strong relationships with suppliers. Additionally, Paltac may engage in promotional partnerships with manufacturers to drive sales, which can result in shared marketing costs and enhanced product visibility. Seasonal demand fluctuations and new product launches also contribute to its earnings, as the company adapts its inventory to meet changing consumer trends.

Paltac Financial Statement Overview

Summary

Strong, low-leverage balance sheet and steady revenue trend support a solid score, but thin margins and TTM margin/earnings softening plus lower TTM free cash flow limit upside.

Income Statement

Revenue has grown steadily across the annual periods (low-to-mid single digits most years), and TTM (Trailing-Twelve-Months) revenue is also higher versus the last annual report. Profitability is stable but modest for the business model: gross margin sits in the mid-to-high single digits and net margin is consistently ~1.7%–1.9%. A key weakness is margin compression in TTM (Trailing-Twelve-Months) versus the prior annual period (lower gross and operating profitability), and net income is slightly down versus the most recent annual report despite higher sales.

Balance Sheet

The balance sheet is conservatively positioned with very low leverage across the annual reports (debt is near-zero relative to equity), providing significant financial flexibility. Equity has grown over time, and returns on equity are steady in the mid-to-high single digits, indicating consistent profitability on the capital base. The main watch item is that TTM (Trailing-Twelve-Months) total debt is notably higher than the latest annual figure, though leverage remains low overall given the equity level.

Cash Flow

Cash generation is generally solid, with free cash flow consistently positive and typically close to reported earnings (free cash flow to net income is ~0.67–0.93 historically, and ~0.89 in TTM (Trailing-Twelve-Months)). However, cash flow is somewhat uneven: free cash flow growth has been volatile and is down in TTM (Trailing-Twelve-Months), and operating cash flow is relatively small compared with sales (single-digit percentage), which limits cash conversion strength despite profitability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.23T	1.19T	1.15T	1.10T	1.05T	1.03T
Gross Profit	92.41B	84.92B	100.04B	82.40B	81.76B	81.16B
EBITDA	35.90B	39.16B	35.92B	33.56B	33.85B	33.65B
Net Income	21.90B	22.86B	20.64B	19.25B	19.64B	19.32B
Balance Sheet
Total Assets	543.89B	507.05B	495.70B	476.94B	448.88B	435.50B
Cash, Cash Equivalents and Short-Term Investments	66.11B	69.92B	60.99B	45.99B	40.67B	37.62B
Total Debt	9.97B	349.00M	252.00M	244.00M	315.00M	563.00M
Total Liabilities	244.11B	219.38B	217.74B	217.24B	205.14B	200.08B
Stockholders Equity	299.78B	287.67B	277.96B	259.69B	243.74B	235.42B
Cash Flow
Free Cash Flow	17.36B	19.27B	21.12B	11.04B	12.82B	22.38B
Operating Cash Flow	19.45B	20.68B	26.79B	16.59B	21.95B	28.75B
Investing Cash Flow	-2.94B	-428.00M	-6.27B	-6.09B	-10.17B	-5.47B
Financing Cash Flow	-11.06B	-11.32B	-5.52B	-5.18B	-8.73B	-8.22B

Paltac Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4857.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8283, the sentiment is Positive. The current price of 4857 is below the 20-day moving average (MA) of 4941.50, below the 50-day MA of 4916.22, and above the 200-day MA of 4513.61, indicating a bullish trend. The MACD of 23.18 indicates Negative momentum. The RSI at 59.16 is Neutral, neither overbought nor oversold. The STOCH value of 77.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8283.

Paltac Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4912	76 Outperform	¥498.97B	18.43	9.77%	1.73%	2.18%	60.81%
8283	75 Outperform	¥310.02B	14.21	7.40%	2.30%	3.75%	3.77%
4527	71 Outperform	¥566.93B	16.01	13.22%	1.53%	18.35%	31.87%
4452	70 Outperform	¥3.02T	25.64	11.70%	2.41%	4.62%	47.68%
4922	69 Neutral	¥355.71B	23.54	2.72%	2.61%	1.37%	-5.60%
4967	65 Neutral	¥432.37B	118.54	5.37%	1.95%	-3.33%	13.76%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Paltac Corporate Events

PALTAC Reshapes Executive and Regional Leadership Ahead of 2026

PALTAC has announced a wide-ranging reshuffle of its executive and senior management structure effective April 1 and June 19, 2026, aimed at strengthening key functions such as information systems, logistics, general affairs, sales, and regional branch management. The changes include revised responsibilities for several executive officers, promotions of logistics, information systems, and general affairs leaders to executive roles, and new appointments to head major regional branches and store support operations, while three senior executives will retire in June. The reorganization signals an effort to enhance operational control over nationwide sales and branch networks, reinforce digital and logistics capabilities, and refresh leadership in core back-office and regional functions, which may influence PALTAC’s efficiency and responsiveness in Japan’s competitive consumer goods distribution market.

The most recent analyst rating on (JP:8283) stock is a Buy with a Yen5561.00 price target. To see the full list of analyst forecasts on Paltac stock, see the JP:8283 Stock Forecast page.

PALTAC Lifts Sales but Profit Slips, Confirms Outlook and Higher Dividend

PALTAC reported a 4.3% year-on-year increase in net sales to ¥950.6 billion for the first nine months of the fiscal year ending March 31, 2026, but operating profit, ordinary profit and net profit declined 2.2%, 3.4% and 5.3% respectively, with earnings per share down to ¥281.57. Despite the profit contraction, the balance sheet strengthened as total assets rose to ¥543.9 billion and equity to ¥299.8 billion, while the equity ratio stayed above 55%; the company maintained its full-year forecast of ¥1.23 trillion in net sales and modest profit growth at the operating level, and plans to lift total annual dividends to ¥120 per share, signaling continued shareholder returns alongside active capital measures including share buybacks and the retirement of 1 million shares.

The most recent analyst rating on (JP:8283) stock is a Buy with a Yen5561.00 price target. To see the full list of analyst forecasts on Paltac stock, see the JP:8283 Stock Forecast page.

Paltac Advances Share Buyback, Reaches ¥3.2 Billion in Treasury Stock Purchases

Paltac Corporation has reported the latest progress in its ongoing share buyback program, authorized by its board in August 2025 under provisions of the Companies Act and its Articles of Incorporation. During January 2026, the company repurchased 96,600 shares of common stock on the Tokyo Stock Exchange for a total of approximately ¥476 million, bringing cumulative acquisition under the current mandate to 690,800 shares at a cost of about ¥3.2 billion as of January 31, 2026. This represents a substantial portion of the approved ceiling of up to 1.5 million shares and ¥5 billion to be acquired by May 29, 2026, reinforcing capital allocation measures that are likely aimed at enhancing shareholder returns and optimizing capital structure.

The most recent analyst rating on (JP:8283) stock is a Buy with a Yen5561.00 price target. To see the full list of analyst forecasts on Paltac stock, see the JP:8283 Stock Forecast page.

Paltac Reports Progress on Ongoing Share Buyback Program

Paltac has disclosed the latest status of its share buyback program, reporting the acquisition of 91,000 common shares on the Tokyo Stock Exchange during December 2025 at a total cost of approximately ¥434 million. This purchase forms part of a broader Board-approved repurchase plan, authorized in August 2025, allowing buybacks of up to 1.5 million shares or ¥5 billion through May 2026; as of December 31, 2025, the company has cumulatively repurchased 594,200 shares for about ¥2.72 billion, underscoring an ongoing capital policy aimed at enhancing shareholder returns and optimizing its capital structure.

The most recent analyst rating on (JP:8283) stock is a Buy with a Yen5535.00 price target. To see the full list of analyst forecasts on Paltac stock, see the JP:8283 Stock Forecast page.

PALTAC CORPORATION Advances Treasury Share Acquisition Strategy

PALTAC CORPORATION announced the acquisition of 137,900 treasury shares at a total cost of ¥623,027,992 during November 2025. This move is part of a broader strategy approved by the Board of Directors to acquire up to 1,500,000 shares by May 2026, aiming to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (JP:8283) stock is a Hold with a Yen4628.00 price target. To see the full list of analyst forecasts on Paltac stock, see the JP:8283 Stock Forecast page.