AB&Company Co.,Ltd. (9251) AI Stock Analysis

• Market Cap: ¥19.42B
• Dividend Yield: 5.16%
• Average Volume (3M): 184.03K
• Price to Earnings (P/E): 15.0
• Beta (1Y): 0.26
• Revenue Growth: 6.58%
• EPS Growth: N/A
• Country: JP
• Employees: 243
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): 20.17
• Shares Outstanding: 15,247,114
• 10 Day Avg. Volume: 126,800
• 30 Day Avg. Volume: 184,033
• PEG Ratio: -1.04
• Price to Book (P/B): 1.73
• Price to Sales (P/S): 0.80
• P/FCF Ratio: 6.30
• 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): 91.3
• Revenue Forecast (FY): ¥22.00B

• Rating: 66 Neutral
• Price Target: ¥1,404.00 ▲(23.48% Upside)
• Action: Downgraded Date: 03/19/26
• Date: Action: Downgraded 03/19/26

The score is driven primarily by steady financials and strong free-cash-flow conversion, tempered by rising leverage and some margin compression. Technicals are supportive with a clear uptrend and positive momentum, while valuation remains a meaningful risk due to the high P/E despite an attractive dividend yield.

Positive Factors

Strong free cash flow conversion

High free cash flow conversion (FCF ≈87% of net income) indicates earnings quality and recurring cash generation. Over 2–6 months this underpins dividend capacity, deleveraging or strategic investment, giving durable financial flexibility despite some year-to-year variability.

Consistent revenue expansion

Steady revenue growth across multiple years signals persistent demand and market positioning in the personal products/services segment. Modest but consistent top-line expansion supports scale economics, long-term planning, and potential margin recovery if cost trends stabilize.

Solid operating margins and ROE

Sustained EBITDA and EBIT margins, along with mid-teens-ish ROE (~11%), reflect structurally profitable operations and efficient capital use. These durable profitability levels provide a buffer against cyclical shocks and help support returns to shareholders over the medium term.

Negative Factors

Rising leverage

Material increase in debt-to-equity reduces balance-sheet flexibility and raises funding risk. Higher leverage constrains strategic options, increases interest expense sensitivity to rate moves, and elevates downside risk if revenue or margins deteriorate over the coming months.

Margin compression from prior peaks

Declining net and operating margins versus prior years signal structural pressure or cost inflation. Continued compression would erode cash generation and returns, making the business more vulnerable to competitive pricing and reducing headroom to fund growth or service debt.

Operating cash covers <50% of debt

Operating cash flow covering only ~0.49x of total debt implies potential refinancing or liquidity risk if cash generation weakens. Reliance on FCF strength to meet obligations increases vulnerability to a downturn and may force prioritization of debt reduction over growth investments.

AB&Company Co.,Ltd. Business Overview & Revenue Model

Company Description

AB&Company Co.,Ltd. (9251) is a prominent player in the manufacturing and distribution sectors, specializing in innovative consumer products and solutions. The company focuses on delivering high-quality goods in categories such as electronics, home appliances, and lifestyle products. With a commitment to sustainability and cutting-edge technology, AB&Company aims to enhance everyday living through its diverse product offerings.

AB&Company Co.,Ltd. Financial Statement Overview

Summary

Operations are steady with modest TTM revenue growth (+3.6%) and solid cash generation (TTM FCF +13.9%, ~87% of net income). Offsetting this, margins have compressed from prior peaks (EBIT ~8.6%, net margin ~4.8%), and leverage has increased (debt-to-equity ~1.93), reducing flexibility if profitability weakens.

Income Statement

TTM (Trailing-Twelve-Months) revenue grew 3.6%, continuing a multi-year expansion, but growth has clearly slowed versus earlier years. Profitability is positive with an EBITDA margin around 20% and EBIT margin near 8.6% in TTM, though both are down from prior peaks (notably 2021–2023), pointing to some margin compression. Net margin is modest at ~4.8% in TTM and below the 2021–2024 range, suggesting earnings are becoming more sensitive to cost pressure.

Balance Sheet

Leverage is the main constraint: total debt rose in TTM and debt-to-equity increased to ~1.93 (up from ~1.50 in FY2025), which reduces balance-sheet flexibility. Equity remains meaningful and return on equity is solid at ~11% in TTM, but it has trended down from the stronger levels seen in 2021–2024. Overall, the balance sheet is serviceable, but the higher leverage raises risk if profitability softens.

Cash Flow

Cash generation is a clear positive: TTM free cash flow increased ~13.9% and remains strong at ~2.8B, with free cash flow running at ~87% of net income (good earnings quality). Operating cash flow is consistently positive, but it covers less than half of total debt in TTM (coverage ~0.49), highlighting that leverage is still material relative to annual cash generation. Free cash flow dipped in FY2025 before rebounding in TTM, indicating some variability year to year.

Breakdown	TTM	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	20.07B	19.38B	18.18B	16.79B	12.59B	10.91B
Gross Profit	9.50B	6.95B	6.50B	6.13B	4.70B	4.17B
EBITDA	4.05B	3.92B	3.79B	3.81B	2.92B	2.79B
Net Income	968.00M	893.00M	1.08B	1.12B	830.00M	941.00M
Balance Sheet
Total Assets	29.32B	27.08B	24.75B	24.47B	23.05B	19.34B
Cash, Cash Equivalents and Short-Term Investments	2.79B	2.26B	2.24B	2.33B	1.94B	1.39B
Total Debt	16.23B	13.47B	12.03B	11.64B	11.35B	9.29B
Total Liabilities	20.89B	18.08B	16.27B	15.78B	15.14B	12.40B
Stockholders Equity	8.43B	9.00B	8.47B	8.69B	7.91B	6.94B
Cash Flow
Free Cash Flow	2.81B	2.47B	2.75B	2.18B	1.98B	1.87B
Operating Cash Flow	3.25B	2.88B	3.41B	2.71B	2.28B	2.20B
Investing Cash Flow	-1.26B	-1.24B	-700.00M	-637.00M	-693.00M	-426.00M
Financing Cash Flow	-1.23B	-1.61B	-2.79B	-1.70B	-1.05B	-1.59B

AB&Company Co.,Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1137.00
• 50DMA: Positive
• 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:9251, the sentiment is Positive. The current price of 1137 is below the 20-day moving average (MA) of 1262.65, below the 50-day MA of 1234.72, and above the 200-day MA of 1093.40, indicating a bullish trend. The MACD of 12.25 indicates Positive momentum. The RSI at 55.68 is Neutral, neither overbought nor oversold. The STOCH value of 65.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9251.

AB&Company Co.,Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2424	69 Neutral	¥3.40B	3.11	―	1.24%	6.77%	40.10%
2418	68 Neutral	¥30.58B	5.63	21.87%	2.14%	15.35%	45.10%
9251	66 Neutral	¥19.42B	14.99	―	5.16%	6.58%	―
6071	66 Neutral	¥27.87B	34.20	21.68%	1.02%	14.02%	32.73%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2305	58 Neutral	¥32.76B	5.66	―	2.48%	-4.39%	31.40%
4679	47 Neutral	¥2.59B	11.92	―	―	-6.45%	99.39%