Hikari Tsushin, Inc. (JP:9435)
:9435
Want to see JP:9435 full AI Analyst Report?
Top Page
Hikari Tsushin, Inc.
(9435)
Select Model
Select Model
Rating:57Neutral
Price Target:
¥37,788.00
▼(-12.08% Downside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak technicals (price below key moving averages with negative MACD and very low RSI/Stoch). Financial performance is mixed: strong revenue growth and profitability, but cash flow conversion and FCF trend are weaker. Valuation is a positive offset with a low P/E and a moderate dividend yield.
Positive Factors
Recurring-sales agency model
Hikari Tsushin's agency/distribution model centers on recurring-service contracts and revenue-sharing with partners. That creates annuity-like cash flows when retention is high, scales through channel productivity, and aligns incentives with partner offerings—supporting durable revenue visibility.
Negative Factors
Weak cash flow conversion
Low operating cash flow relative to reported earnings and a sizable YoY decline in FCF indicate earnings are not fully converting to cash. This weakens the reliability of reported profits, constrains free cash available for debt reduction or reinvestment, and raises cyclicality risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring-sales agency model
Hikari Tsushin's agency/distribution model centers on recurring-service contracts and revenue-sharing with partners. That creates annuity-like cash flows when retention is high, scales through channel productivity, and aligns incentives with partner offerings—supporting durable revenue visibility.
Read all positive factors
Hikari Tsushin, Inc. (9435) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.61T
Dividend Yield1.59%
Average Volume (3M)69.76K
Price to Earnings (P/E)11.4
Beta (1Y)0.77
Revenue Growth7.03%
EPS Growth28.86%
CountryJP
Employees4,149
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)3439.82
Shares Outstanding43,989,643
10 Day Avg. Volume74,800
30 Day Avg. Volume69,756
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)1.47
Price to Sales (P/S)2.37
P/FCF Ratio46.29
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)2,859.2
Revenue Forecast (FY)¥843.64B
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 makes money mainly by acting as a sales agent/distributor for third-party service providers and earning consideration tied to customer acquisition and ongoing contracts. Key revenue streams typically include: (1) sales commissions o...
Hikari Tsushin, Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
48
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 734.79B | 686.55B | 601.95B | 643.98B | 573.03B |
| Gross Profit | 363.96B | 343.30B | 315.17B | 297.33B | 299.95B |
| EBITDA | 129.55B | 118.81B | 109.97B | 84.94B | 89.44B |
| Net Income | 151.01B | 117.52B | 122.23B | 91.35B | 87.54B |
Balance Sheet | |||||
| Total Assets | 2.85T | 2.37T | 2.08T | 1.69T | 1.45T |
| Cash, Cash Equivalents and Short-Term Investments | 539.85B | 483.27B | 542.61B | 396.00B | 343.49B |
| Total Debt | 1.09T | 934.32B | 822.49B | 721.77B | 612.62B |
| Total Liabilities | 1.64T | 1.43T | 1.26T | 1.09T | 951.93B |
| Stockholders Equity | 1.19T | 914.77B | 790.48B | 571.01B | 468.68B |
Cash Flow | |||||
| Free Cash Flow | 37.67B | 63.28B | 111.92B | 36.46B | 33.04B |
| Operating Cash Flow | 57.07B | 84.84B | 130.20B | 54.80B | 51.03B |
| Investing Cash Flow | -103.79B | -176.44B | -106.53B | -81.88B | -105.87B |
| Financing Cash Flow | 104.38B | 65.90B | 67.14B | 71.74B | 59.97B |
Hikari Tsushin, Inc. Technical Analysis
Negative
42980.00
Price Trends
39977.25
Negative
41627.32
Negative
41352.07
Negative
Market Momentum
-726.01
Negative
43.33
Neutral
47.60
Neutral
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 38168.00, above the 50-day MA of 39977.25, and above the 200-day MA of 41352.07, indicating a bearish trend. The MACD of -726.01 indicates Negative momentum. The RSI at 43.33 is Neutral, neither overbought nor oversold. The STOCH value of 47.60 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥6.88B | 5.62 | ― | 3.35% | 6.84% | 9.89% | |
80 Outperform | ¥68.15B | 9.74 | ― | 2.82% | 5.56% | 35.28% | |
76 Outperform | ¥38.10B | 7.69 | ― | 2.70% | 1.09% | 15.49% | |
67 Neutral | ¥288.96B | 15.68 | ― | 0.82% | 15.27% | 17.29% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ¥13.62B | 1.91 | ― | 3.88% | 12.00% | ― | |
57 Neutral | ¥1.61T | 11.37 | ― | 1.59% | 7.03% | 28.86% |
* Industrials Sector Average
JP:9435
Hikari Tsushin, Inc.
37,610.00
-36.28
-0.10%
JP:4685
Ryoyu Systems Co., Ltd.
2,984.00
-92.03
-2.99%
JP:7509
I. A Group Corporation
4,645.00
1,313.52
39.43%
JP:8157
Tsuzuki Denki Co., Ltd.
4,140.00
1,522.82
58.19%
JP:9248
People, Dreams & Technologies Group Co., Ltd.
1,514.00
-80.75
-5.06%
JP:9418
U-NEXT HOLDINGS Co.Ltd.
1,602.00
-547.35
-25.47%
Hikari Tsushin, Inc. Corporate Events
Hikari Tsushin’s 30-Year Total Shareholder Return Far Outpaces TOPIX
May 13, 2026
Hikari Tsushin reported that from its 1996 listing through the fiscal year ended March 2026, its total shareholder return grew 1,597%, far outpacing the 380% gain recorded by the TOPIX index including dividends. Over the same 30-year period, the c...
Hikari Tsushin Launches ¥10 Billion Share Buyback to Boost Shareholder Returns
May 13, 2026
Hikari Tsushin, Inc. has approved a new share repurchase program under its Articles of Incorporation, authorizing the buyback of up to 350,000 common shares, equivalent to 0.79% of its outstanding stock excluding treasury shares. The total acquisi...
Hikari Tsushin Raises Year-End Dividend, Lifts Annual Payout on Solid Performance
May 13, 2026
Hikari Tsushin’s board has approved a year-end dividend of 195 yen per share for the fiscal year ended March 31, 2026, exceeding its earlier forecast of 190 yen and the prior year’s 177 yen. The payout, totaling 8.545 billion yen and e...
Hikari Tsushin Lifts Earnings, Strengthens Balance Sheet and Hikes Dividend
May 13, 2026
Hikari Tsushin reported solid growth for the year ended March 31, 2026, with revenue up 7% to ¥734.8 billion and operating profit rising 11.1% to ¥116.7 billion. Profit attributable to owners of the parent climbed 28.5% to ¥151.0 bi...
Hikari Tsushin Lifts Profit Outlook Despite Lower Revenue on One-Time Gains
May 12, 2026
Hikari Tsushin, Inc. revised its full-year consolidated earnings forecast for the fiscal year ending March 2026, cutting expected revenue to ¥734.8 billion from ¥760.0 billion as electricity trading prices came in lower than previously a...
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 ...
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.