Hikari Tsushin, Inc. (JP:9435)
:9435
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Hikari Tsushin, Inc.
(9435)
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Rating:66Neutral
Price Target:
¥45,025.00
▲(4.76% Upside)
Action:DowngradedDate:02/18/26
The score is driven primarily by strong profitability and improved leverage, supported by a reasonable P/E and modest dividend yield. These positives are tempered by weak technical momentum (below key moving averages with negative MACD) and recent free-cash-flow contraction/volatility.
Positive Factors
High Profitability Margins
Sustained, high margins provide structural earnings resilience versus peers selling commoditized services. They create recurring profit pools that support reinvestment, dividend capacity and strategic initiatives, and give the company a durable buffer against cost cycles.
Negative Factors
Weak and volatile cash generation
Declining and uneven free cash flow undermines the company's ability to reliably fund capex, dividends or buybacks from operations. Structural FCF volatility also increases dependence on investment income or external financing, raising financing risk in tighter credit cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability Margins
Sustained, high margins provide structural earnings resilience versus peers selling commoditized services. They create recurring profit pools that support reinvestment, dividend capacity and strategic initiatives, and give the company a durable buffer against cost cycles.
Read all positive factors
Hikari Tsushin, Inc. (9435) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.63T
Dividend Yield1.59%
Average Volume (3M)69.76K
Price to Earnings (P/E)11.3
Beta (1Y)0.78
Revenue Growth11.64%
EPS Growth-15.37%
CountryJP
Employees4,149
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)2902.22
Shares Outstanding43,989,643
10 Day Avg. Volume74,800
30 Day Avg. Volume69,756
Financial Highlights & Ratios
PEG Ratio-4.82
Price to Book (P/B)1.85
Price to Sales (P/S)2.47
P/FCF Ratio26.80
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)2,820.75
Revenue Forecast (FY)¥828.79B
Hikari Tsushin, Inc. Business Overview & Revenue Model
Company Description
Hikari Tsushin, Inc. (9435) is a prominent telecommunications and information technology company based in Japan. The company operates primarily in the telecommunications sector, providing a wide range of services including mobile communications, b...
How the Company Makes Money
Hikari Tsushin generates revenue through multiple streams, primarily by offering telecommunications services, including mobile and fixed-line voice services, broadband internet, and data services. The company also earns significant income from its...
Hikari Tsushin, Inc. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 730.24B | 686.55B | 601.95B | 643.98B | 573.03B | 559.43B |
| Gross Profit | 362.15B | 343.30B | 315.17B | 297.33B | 299.95B | 295.55B |
| EBITDA | 123.42B | 118.81B | 109.97B | 84.94B | 89.44B | 82.61B |
| Net Income | 127.41B | 117.52B | 122.23B | 91.35B | 87.54B | 54.61B |
Balance Sheet | ||||||
| Total Assets | 2.72T | 2.37T | 2.08T | 1.69T | 1.45T | 1.26T |
| Cash, Cash Equivalents and Short-Term Investments | 388.54B | 483.27B | 542.61B | 396.00B | 343.49B | 327.56B |
| Total Debt | 1.03T | 934.32B | 822.49B | 721.77B | 612.62B | 514.13B |
| Total Liabilities | 1.55T | 1.43T | 1.26T | 1.09T | 951.93B | 827.81B |
| Stockholders Equity | 1.13T | 914.77B | 790.48B | 571.01B | 468.68B | 393.44B |
Cash Flow | ||||||
| Free Cash Flow | 49.95B | 63.28B | 111.92B | 36.46B | 33.04B | 42.80B |
| Operating Cash Flow | 65.91B | 84.84B | 130.20B | 54.80B | 51.03B | 58.12B |
| Investing Cash Flow | -199.36B | -176.44B | -106.53B | -81.88B | -105.87B | -99.17B |
| Financing Cash Flow | 94.13B | 65.90B | 67.14B | 71.74B | 59.97B | 92.33B |
Hikari Tsushin, Inc. Technical Analysis
Negative
42980.00
Price Trends
41835.81
Negative
42417.22
Negative
41656.93
Negative
Market Momentum
-551.04
Positive
40.38
Neutral
15.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9435, the sentiment is Negative. The current price of 42980 is above the 20-day moving average (MA) of 40605.40, above the 50-day MA of 41835.81, and above the 200-day MA of 41656.93, indicating a bearish trend. The MACD of -551.04 indicates Positive momentum. The RSI at 40.38 is Neutral, neither overbought nor oversold. The STOCH value of 15.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9435.
Hikari Tsushin, Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥6.88B | 1.85 | ― | 3.35% | 8.96% | 11.80% | |
76 Outperform | ¥39.26B | 9.72 | ― | 2.70% | 1.09% | 15.49% | |
75 Outperform | ¥56.95B | 10.50 | ― | 2.82% | 3.24% | 108.91% | |
67 Neutral | ¥274.17B | 15.68 | ― | 0.82% | 15.27% | 17.29% | |
66 Neutral | ¥1.63T | 11.34 | ― | 1.59% | 11.64% | -15.37% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ¥13.94B | 5.37 | ― | 3.88% | 14.86% | ― |
* Industrials Sector Average
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Hikari Tsushin, Inc. Corporate Events
Hikari Tsushin Advances Share Buyback, Repurchasing ¥1.5 Billion in April
May 1, 2026
Hikari Tsushin, Inc. has disclosed the latest progress of its ongoing share buyback program authorized by its board in November 2025, acquiring 37,800 common shares on the Tokyo Stock Exchange between April 1 and April 30, 2026 for about ¥1.5...
Hikari Tsushin Sets Terms for ¥20 Billion Unsecured Bond Issuance
Apr 24, 2026
Hikari Tsushin, Inc. has set the terms for its 56th and 57th unsecured straight corporate bonds, each totaling 10 billion yen, with denominations of 1 million yen and coupons of 2.823% and 3.510% per annum, respectively. The five-year bond will ma...
Hikari Tsushin Discloses Exit of Major Shareholder SHIGETA Education Foundation
Apr 23, 2026
Hikari Tsushin, Inc. announced that the SHIGETA Education Foundation has ceased to be a major shareholder after disposing of its entire stake in the company. The foundation previously held 45,000 voting rights, corresponding to 4.5 million shares ...
Hikari Tsushin to Make IC Corporation a Wholly Owned Subsidiary via Share Exchange
Apr 20, 2026
Hikari Tsushin, Inc. has approved a simplified share exchange to make IC Corporation Co., Ltd. a wholly owned subsidiary, using a structure in which Hikari Tsushin becomes the parent company without needing its own shareholder approval under the C...
Hikari Tsushin Reports Progress on Ongoing Share Buyback Program
Apr 1, 2026
Hikari Tsushin, Inc. has disclosed the latest status of its ongoing share buyback program authorized by its board in November 2025 under the Japanese Companies Act. During the period from March 1 to March 31, 2026, the company repurchased 27,700 c...
Hikari Tsushin to Fully Acquire FT Group via Simplified Share Exchange and Delisting
Mar 31, 2026
Hikari Tsushin has signed a share exchange agreement to turn its consolidated subsidiary FT Group Co., Ltd. into a wholly owned unit via a simplified share exchange, with Hikari Tsushin as the parent and FT Group as the subsidiary. The move respon...
Hikari Tsushin Announces SHIGETA Education Foundation as New Major Shareholder
Mar 23, 2026
Hikari Tsushin, Inc. has announced that the SHIGETA Education Foundation is set to become a major shareholder following the submission of a large shareholding report to the Kanto Local Finance Bureau. The foundation, which engages in scholarship p...
Hikari Tsushin Reports Progress on ¥10 Billion Share Buyback Program
Mar 2, 2026
Hikari Tsushin, Inc. has disclosed the latest status of its share buyback program, reporting the acquisition of 31,500 common shares for approximately ¥1.35 billion through market purchases on the Tokyo Stock Exchange between February 1 and F...
Hikari Tsushin to Issue ¥91 Billion Unsecured Bond for Refinancing
Feb 27, 2026
Hikari Tsushin, Inc., a TSE Prime-listed telecom and services group, has built its business around subscription-type offerings such as mobile, broadband, and office equipment solutions aimed primarily at Japanese corporate and retail clients. Its ...
Hikari Tsushin Raises Q3 Dividend and Ups Full-Year Payout Forecast
Feb 12, 2026
Hikari Tsushin, Inc. has approved a third quarter-end dividend of 190 yen per share for the period with a record date of December 31, 2025, up from 167 yen a year earlier, bringing total payouts for this distribution to 8,342 million yen. The divi...
Hikari Tsushin Lifts Full-Year Profit Forecast on FX Gains
Feb 12, 2026
Hikari Tsushin has revised its full-year consolidated earnings forecast for the fiscal year ending March 2026, maintaining expected revenue at ¥760 billion and operating profit at ¥115 billion while raising profit attributable to owners ...
Hikari Tsushin Raises Full-Year Net Profit Forecast for FY26/3
Feb 12, 2026
Hikari Tsushin, Inc. reported updated guidance for the fiscal year ending March 2026, keeping its revenue and operating profit forecasts unchanged at 760.0 billion yen and 115.0 billion yen, respectively, implying year-on-year growth of about 10% ...
Hikari Tsushin Lifts FY2026 Outlook as Profits and Equity Base Grow
Feb 12, 2026
Hikari Tsushin reported consolidated revenue of ¥542.5 billion for the nine months ended December 31, 2025, up 8.8% year on year, with operating profit rising 2.2% to ¥88.5 billion and profit attributable to owners of the parent climbing...
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.