ICHINEN HOLDINGS CO., LTD. (9619) AI Stock Analysis

• Market Cap: ¥46.66B
• Dividend Yield: 3.32%
• Average Volume (3M): 44.75K
• Price to Earnings (P/E): 6.9
• Beta (1Y): 0.84
• Revenue Growth: 7.39%
• EPS Growth: -46.08%
• Country: JP
• Employees: 2,031
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 104.71
• Shares Outstanding: 23,762,226
• 10 Day Avg. Volume: 64,810
• 30 Day Avg. Volume: 44,753
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥1,843.00
• Price Target Upside: -7.39% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: ¥1,843.00 ▼(-7.39% Downside)

ICHINEN HOLDINGS CO., LTD. has a strong financial performance with consistent revenue growth and stable profitability, which significantly boosts its score. The technical analysis presents mixed signals with short-term momentum being neutral to slightly positive. The stock appears undervalued with a low P/E ratio, enhancing its attractiveness. Limited dividend yield and lack of notable corporate events or earnings call data slightly reduce the overall score.

Positive Factors

Revenue Growth

The company's consistent revenue growth reflects its ability to expand market reach and product offerings, which is crucial for long-term sustainability and competitiveness in its diverse business sectors.

Cash Generation

Improved free cash flow indicates strong operational efficiency and financial health, providing the company with the flexibility to invest in growth opportunities and manage debt effectively.

Balance Sheet Health

A stronger equity position enhances financial stability and reduces risk, enabling the company to better withstand economic fluctuations and invest in strategic initiatives.

Negative Factors

Rising Debt Levels

High debt levels can strain financial resources and limit strategic flexibility, potentially impacting the company's ability to invest in growth and innovation over the long term.

Earnings Decline

A significant decline in earnings per share suggests challenges in maintaining profitability, which could affect investor confidence and the company's ability to fund future growth initiatives.

Profit Margin Pressure

Despite revenue growth, the slight decline in profit margins indicates potential cost pressures or competitive pricing strategies that may affect long-term profitability.

ICHINEN HOLDINGS CO., LTD. Business Overview & Revenue Model

Company Description

ICHINEN HOLDINGS CO., LTD. is a diversified Japanese company engaged in several business sectors, including leasing, chemicals, synthetic resins, and energy. The company provides a wide range of services and products, such as automobile leasing, chemical manufacturing, and the sale of petroleum products. With a focus on sustainability and innovation, ICHINEN HOLDINGS aims to deliver comprehensive solutions to its customers across its various business segments.

How the Company Makes Money

ICHINEN HOLDINGS CO., LTD. generates revenue primarily through its diverse range of business activities. The leasing segment, particularly automobile leasing, is a significant source of income, offering both corporate and individual clients flexible leasing options. The chemicals division contributes to revenue by manufacturing and selling chemical products used in various industrial applications. The synthetic resins business adds to the revenue stream by producing resins for different manufacturing needs. Additionally, the company's energy segment earns money through the sale of petroleum products, including fuels and lubricants, to various industries. Strategic partnerships and a focus on expanding its product and service offerings further bolster ICHINEN HOLDINGS' financial performance.

ICHINEN HOLDINGS CO., LTD. Financial Statement Overview

Summary

ICHINEN HOLDINGS CO., LTD. exhibits robust financial health with consistent revenue growth and stable profitability margins. The balance sheet indicates a healthy equity position despite high leverage, and cash flows reflect improving trends with some fluctuations in investment activities. Overall, the company is well-positioned in the rental and leasing services industry, with strengths in growth and profitability and some risks associated with leverage and cash flow variations.

Income Statement

ICHINEN HOLDINGS CO., LTD. has shown strong revenue growth, with total revenue increasing from ¥98.7 billion in 2020 to ¥154.9 billion in 2025. The gross profit margin improved from 22.6% to 21.1%, and the net profit margin saw a slight increase from 4.5% to 4.3% over the same period. EBIT and EBITDA margins have been stable, indicating efficient cost management. This consistent growth and profitability contribute to a solid income statement score.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, reflecting a balanced use of leverage. Stockholders' equity has increased significantly, enhancing the equity ratio from 24.7% to 31.6%. However, the total debt level remains relatively high, which could pose risks if not managed carefully. The solid increase in equity and manageable leverage provide a favorable balance sheet position.

Cash Flow

The cash flow statement reveals a positive trend in free cash flow, growing from negative values in 2020 to a positive ¥1.78 billion in 2025. Operating cash flow to net income ratio indicates good cash generation capability. However, fluctuations in capital expenditures and investing activities suggest variations in cash management strategies, impacting the overall cash flow stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	154.92B	154.92B	138.25B	127.82B	120.64B	112.62B
Gross Profit	33.96B	34.02B	29.77B	27.82B	26.73B	24.83B
EBITDA	28.83B	29.35B	33.49B	26.35B	25.81B	23.66B
Net Income	6.66B	6.66B	12.25B	5.92B	5.65B	3.02B
Balance Sheet
Total Assets	205.37B	205.37B	202.61B	171.89B	168.51B	161.95B
Cash, Cash Equivalents and Short-Term Investments	9.16B	9.16B	8.37B	10.15B	11.04B	11.98B
Total Debt	108.81B	108.81B	107.56B	96.44B	97.05B	96.68B
Total Liabilities	139.98B	139.98B	141.60B	123.52B	124.84B	122.24B
Stockholders Equity	64.81B	64.81B	60.46B	48.37B	43.67B	39.70B
Cash Flow
Free Cash Flow	0.00	1.89B	3.67B	947.00M	2.65B	277.00M
Operating Cash Flow	0.00	4.02B	5.27B	2.72B	5.09B	3.16B
Investing Cash Flow	0.00	-2.07B	-16.54B	-1.86B	-4.67B	-3.08B
Financing Cash Flow	0.00	-1.33B	9.64B	-1.78B	-1.54B	9.75B

ICHINEN HOLDINGS CO., LTD. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1990.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9619, the sentiment is Positive. The current price of 1990 is above the 20-day moving average (MA) of 1832.85, above the 50-day MA of 1738.88, and above the 200-day MA of 1707.33, indicating a bullish trend. The MACD of 59.80 indicates Negative momentum. The RSI at 82.41 is Negative, neither overbought nor oversold. The STOCH value of 92.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9619.

ICHINEN HOLDINGS CO., LTD. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9991	80 Outperform	¥48.24B	9.91		3.39%	-9.58%	13.22%
9619	75 Outperform	¥46.66B	6.85		3.32%	7.39%	-46.08%
7081	71 Outperform	¥12.91B	7.21		3.45%	1.58%	28.43%
9763	71 Outperform	¥11.68B	8.89		3.71%	9.16%	6.01%
2445	68 Neutral	¥17.56B	16.72		3.73%	0.02%	-36.92%
Sector *	63 Neutral	$10.84B	15.52	7.44%	2.00%	2.86%	-14.57%
9223	52 Neutral	¥8.07B	59.05		0.31%	7.34%	-162.02%

ICHINEN HOLDINGS CO., LTD. Corporate Events

ICHINEN HOLDINGS Reports Modest Sales Growth Amid Profit Declines

ICHINEN HOLDINGS CO., LTD. reported its consolidated financial results for the three months ended June 30, 2025, showing a 4.1% increase in net sales compared to the previous year. However, the company experienced declines in operating and ordinary profits by 2.8% and 5.4% respectively. Despite these declines, the profit attributable to owners of the parent increased by 8.7%. The company’s financial position remains stable with a slight increase in total assets and net assets. The forecast for the fiscal year ending March 31, 2026, anticipates a modest growth in net sales and operating profit.

ICHINEN HOLDINGS Discloses Acquisition Price for NISSEKI GLASS

ICHINEN HOLDINGS CO., LTD. has disclosed the acquisition price of shares for NISSEKI GLASS IND. CO., LTD., which has become its subsidiary. The acquisition involved 500 shares at a total cost of 196 million yen, and this financial move has already been accounted for in the company’s fiscal results for the year ending March 2025, with no anticipated impact on the following fiscal year’s results.

ICHINEN HOLDINGS Announces Treasury Stock Cancellation

ICHINEN HOLDINGS CO., LTD. has announced a decision by its Board of Directors to cancel 500,000 shares of its treasury stock, which constitutes 2.06% of the total shares issued and outstanding before the cancellation. This move is aimed at enhancing shareholder returns by improving capital efficiency, and the cancellation is scheduled for June 23, 2025.