K.R.S.Corporation (9369) AI Stock Analysis

• Market Cap: ¥76.19B
• Dividend Yield: 0.99%
• Average Volume (3M): 75.67K
• Price to Earnings (P/E): 28.8
• Beta (1Y): 1.00
• Revenue Growth: 4.26%
• EPS Growth: N/A
• Country: JP
• Employees: 7,523
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 22.79
• Shares Outstanding: 25,355,800
• 10 Day Avg. Volume: 57,270
• 30 Day Avg. Volume: 75,670
• PEG Ratio: -56.36
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 0.33
• P/FCF Ratio: -39.40
• 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: 57 Neutral
• Price Target: ¥3,317.00 ▲(20.36% Upside)

The score is held back primarily by uneven cash generation (negative free cash flow in 2024–2025) and thin margins with moderate leverage. Technicals are supportive with an established uptrend, but elevated RSI suggests near-term overheating risk, while a higher P/E and low dividend yield reduce valuation support.

Positive Factors

Consistent revenue growth

Steady year-over-year revenue expansion through 2025 indicates durable underlying demand and product-market fit across segments. Persistent top-line growth supports capacity utilization, long-term customer relationships, and provides a base for reinvestment in R&D and distribution over the next several quarters.

Diversified revenue streams and distribution

A multi-channel business model with product and service diversity plus long-term industrial contracts reduces concentration risk and smooths revenue across cycles. Strategic partnerships and broad distribution (domestic and international) support scalable sales and resilience to regional or segment-specific downturns.

Positive operating cash flow and recovering returns

Consistent positive operating cash flow indicates core operations generate real cash to run the business, while restored ROE signals management has returned to profitable capital deployment. Together these fundamentals improve financing options and support incremental investment or debt servicing over time.

Negative Factors

Thin operating and net margins

Very slim margins leave limited cushion for cost inflation or volume shocks, constraining free cash generation and capital investment. Margin fragility increases sensitivity to raw‑material, labor, or pricing pressure, making sustained earnings growth vulnerable without structural margin improvement.

Rising debt and moderate leverage

Elevated and increasing leverage limits financial flexibility, raising refinancing and interest-rate exposure. With only mid-single-digit returns, reliance on debt can constrain strategic investments or shareholder returns and heighten risk if profitability or cash flow weakens over the medium term.

Negative free cash flow in 2024–2025

Repeat negative free cash flow after investments indicates the company is not converting operating cash into surplus liquidity, pressuring its ability to reduce debt, fund dividends, or self‑finance growth. Continued negative FCF may force external financing and weaken long-term financial resilience.

K.R.S.Corporation Business Overview & Revenue Model

Company Description

K.R.S. Corporation (9369) is a diversified company operating primarily in the manufacturing and technology sectors. The company specializes in producing high-quality consumer electronics and industrial equipment, with a strong emphasis on innovation and sustainability. K.R.S. Corporation is committed to delivering cutting-edge solutions that enhance productivity and improve the quality of life for its customers.

How the Company Makes Money

K.R.S. Corporation generates revenue through multiple streams, including the sale of consumer electronics, industrial machinery, and technology services. The company benefits from a robust distribution network that allows it to reach both domestic and international markets. Key revenue streams include direct sales to retailers, online sales through e-commerce platforms, and long-term contracts with industrial clients for equipment supply and maintenance. Additionally, K.R.S. Corporation has established strategic partnerships with technology firms that enhance its product offerings and expand its market reach, further contributing to its earnings.

K.R.S.Corporation Financial Statement Overview

Summary

Revenue has grown steadily through 2025 and profitability has recovered after 2023, but operating and net margins remain thin. Balance sheet leverage is moderate (about 1x debt-to-equity) with rising debt, and recent free cash flow has been negative despite positive operating cash flow, increasing financial risk.

Income Statement

Revenue has grown steadily from 2020 to 2025 (2025 up ~3.8% year-over-year), indicating resilient demand. Profitability is positive in the last two years after a loss in 2023, with 2025 net profit margin around 1.3% and operating margin near 2.9%, but margins remain thin for the business model and leave limited cushion if costs rise. Overall, the trajectory is improving, but earnings power is modest and has shown volatility.

Balance Sheet

The balance sheet is serviceable but moderately levered: debt-to-equity sits around ~1.0 in 2024–2025, and total debt has trended upward since 2021. Equity has also grown, helping support the asset base, and return on equity is positive again (~5.8% in 2025) after turning negative in 2023. Key risk is the reliance on debt financing with only mid-single-digit returns, which can pressure flexibility in a weaker operating environment.

Cash Flow

Operating cash flow is consistently positive (about 9.6B in 2025), which supports day-to-day stability, but free cash flow has been uneven and is negative in 2024 and 2025. Cash generation has not consistently translated into surplus cash after investment needs, and the conversion of profits into operating cash flow appears modest versus the level of equity and debt on the balance sheet. The main weakness is the recent inability to produce positive free cash flow despite returning to profitability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	200.67B	202.60B	195.19B	184.62B	179.65B	175.97B
Gross Profit	11.85B	12.34B	12.17B	10.35B	9.72B	9.63B
EBITDA	13.03B	13.71B	13.28B	7.85B	10.46B	10.05B
Net Income	2.30B	2.65B	2.66B	-1.33B	1.46B	1.56B
Balance Sheet
Total Assets	135.18B	136.57B	130.63B	118.87B	118.98B	110.84B
Cash, Cash Equivalents and Short-Term Investments	5.88B	4.53B	5.47B	3.86B	4.99B	3.80B
Total Debt	45.33B	47.19B	43.80B	39.81B	39.04B	35.35B
Total Liabilities	79.63B	79.41B	75.98B	67.42B	66.82B	62.97B
Stockholders Equity	43.74B	45.29B	42.90B	40.19B	41.39B	38.47B
Cash Flow
Free Cash Flow	0.00	-1.70B	-436.00M	701.00M	734.00M	-4.31B
Operating Cash Flow	0.00	9.57B	12.32B	9.09B	8.12B	7.57B
Investing Cash Flow	0.00	-12.60B	-12.59B	-8.29B	-7.76B	-11.34B
Financing Cash Flow	0.00	2.11B	1.89B	-1.85B	499.00M	-2.16B

K.R.S.Corporation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2756.00
• 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:9369, the sentiment is Neutral. The current price of 2756 is below the 20-day moving average (MA) of 3049.15, below the 50-day MA of 2827.46, and below the 200-day MA of 2782.94, indicating a neutral trend. The MACD of 73.58 indicates Positive momentum. The RSI at 51.60 is Neutral, neither overbought nor oversold. The STOCH value of 31.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9369.

K.R.S.Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9306	80 Outperform	¥13.84B	9.16	―	3.04%	4.45%	29.58%
9381	78 Outperform	¥52.18B	16.94	―	3.98%	10.52%	7.14%
9310	75 Outperform	¥77.81B	12.51	―	3.63%	2.67%	18.02%
9304	69 Neutral	¥79.18B	13.46	―	3.48%	4.17%	24.54%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9369	57 Neutral	¥76.19B	28.77	―	0.99%	4.26%	―