Want to see JP:9619 full AI Analyst Report?
Top Page
ICHINEN HOLDINGS CO., LTD.
(9619)
Select Model
Select Model
Rating:69Neutral
Price Target:
¥2,535.00
▲(19.13% Upside)
Action:Downgraded
Date:08/06/26
The score is supported primarily by attractive valuation (low P/E and solid dividend yield). Financial performance is moderately positive on growth and improved FY2026 cash flow, but the overall financial score is held back by the company’s history of elevated leverage despite recent deleveraging. Technicals are mixed, with longer-term trend support but neutral short-term momentum.
Positive Factors
Steady revenue growth
Consistent top-line growth across years, including a notable FY2025 jump, supports durable demand for the company’s leasing, maintenance, and B2B services. Sustained revenue expansion underpins margin recovery, capacity to reinvest in service offerings, and resilience across business cycles.
Negative Factors
Historic high leverage
Multi-year elevated leverage increases vulnerability to interest-rate and cash-flow shocks for a leasing-heavy business. Even with recent improvements, legacy debt dynamics can constrain strategic flexibility, raise financing costs, and heighten refinancing and covenant risks across economic cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Consistent top-line growth across years, including a notable FY2025 jump, supports durable demand for the company’s leasing, maintenance, and B2B services. Sustained revenue expansion underpins margin recovery, capacity to reinvest in service offerings, and resilience across business cycles.
Read all positive factors
ICHINEN HOLDINGS CO., LTD. (9619) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥55.57B
Dividend Yield3.38%
Average Volume (3M)32.12K
Price to Earnings (P/E)7.3
Beta (1Y)0.70
Revenue Growth4.73%
EPS Growth15.56%
CountryJP
Employees2,067
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)323.53
Shares Outstanding23,762,226
10 Day Avg. Volume29,190
30 Day Avg. Volume32,123
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)0.70
Price to Sales (P/S)0.31
P/FCF Ratio11.29
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)291.4
Revenue Forecast (FY)¥169.50B
ICHINEN HOLDINGS CO., LTD. Business Overview & Revenue Model
Company Description
Operating from its headquarters in Osaka, Japan, Ichinen Holdings Co., Ltd. is a multifaceted enterprise founded in 1930. The company engages in a broad spectrum of activities, including automotive leasing, chemical production, parking facility ma...
How the Company Makes Money
The company makes money primarily through earnings generated by its operating subsidiaries and remitted to the holding company (e.g., via dividends and consolidated operating profits). Key revenue streams typically include (1) recurring fees and r...
ICHINEN HOLDINGS CO., LTD. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
56
Neutral
Cash Flow
60
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 162.25B | 154.92B | 138.25B | 127.82B | 120.64B |
| Gross Profit | 34.13B | 13.74B | 10.48B | 9.23B | 8.39B |
| EBITDA | 31.21B | 29.38B | 33.51B | 26.56B | 25.93B |
| Net Income | 7.65B | 6.66B | 12.25B | 5.92B | 5.65B |
Balance Sheet | |||||
| Total Assets | 211.60B | 205.37B | 202.61B | 171.89B | 168.51B |
| Cash, Cash Equivalents and Short-Term Investments | 10.64B | 9.16B | 8.37B | 10.15B | 11.04B |
| Total Debt | 107.11B | 108.81B | 107.56B | 96.44B | 97.05B |
| Total Liabilities | 139.45B | 139.97B | 141.60B | 123.51B | 124.83B |
| Stockholders Equity | 71.54B | 64.82B | 60.46B | 48.38B | 43.67B |
Cash Flow | |||||
| Free Cash Flow | 4.42B | 1.78B | 3.63B | 909.00M | 2.60B |
| Operating Cash Flow | 9.45B | 4.02B | 5.27B | 2.72B | 5.09B |
| Investing Cash Flow | -4.45B | -2.07B | -16.54B | -1.86B | -4.67B |
| Financing Cash Flow | -3.69B | -1.33B | 9.64B | -1.78B | -1.54B |
ICHINEN HOLDINGS CO., LTD. Technical Analysis
Positive
2128.00
Price Trends
2259.94
Positive
2189.45
Positive
2118.62
Positive
Market Momentum
55.28
Negative
75.21
Negative
59.40
Neutral
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 2128 is below the 20-day moving average (MA) of 2374.50, below the 50-day MA of 2259.94, and above the 200-day MA of 2118.62, indicating a bullish trend. The MACD of 55.28 indicates Negative momentum. The RSI at 75.21 is Negative, neither overbought nor oversold. The STOCH value of 59.40 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥119.20B | 10.34 | ― | 2.85% | 1.06% | -7.68% | |
74 Outperform | ¥14.79B | 6.94 | ― | 3.03% | 6.36% | 41.53% | |
69 Neutral | ¥55.57B | 7.33 | ― | 3.57% | 4.73% | 15.56% | |
68 Neutral | ¥45.09B | 6.39 | ― | 3.90% | 52.60% | 34.80% | |
65 Neutral | ¥1.29T | 11.51 | ― | 3.37% | 6.51% | 30.59% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ¥411.50B | 18.38 | ― | 3.62% | 18.54% | -54.13% |
* General Sector Average
JP:9619
ICHINEN HOLDINGS CO., LTD.
2,599.00
915.33
54.37%
JP:5834
SBI Leasing Services Co.,Ltd.
2,778.00
173.48
6.66%
JP:7081
Koyou Rentia Co., Ltd.
1,310.00
215.62
19.70%
JP:8424
Fuyo General Lease Co., Ltd.
4,475.00
412.47
10.15%
JP:8439
Tokyo Century Corporation
2,523.00
764.86
43.50%
JP:9699
NISHIO HOLDINGS CO. LTD.
4,490.00
463.69
11.52%
ICHINEN HOLDINGS CO., LTD. Corporate Events
Ichinen Holdings Overhauls Governance Structure to Drive Overseas Expansion
Aug 5, 2026
Ichinen Holdings has approved a set of organizational changes aimed at reinforcing group governance and accelerating overseas expansion. The company will introduce a new director responsible for group companies and create an Overseas Business Deve...
ICHINEN HOLDINGS Delivers Surging Quarterly Profit and Raises Full-Year Outlook
Aug 5, 2026
ICHINEN HOLDINGS reported strong results for the three months ended June 30, 2026, with net sales rising 10.0% year on year to ¥45,262 million and operating profit up 28.0% to ¥4,159 million. Profit attributable to owners of parent surge...
Ichinen Holdings Lifts Full-Year Profit Outlook After Fertilizer Acquisitions
Aug 5, 2026
Ichinen Holdings has sharply revised its consolidated forecasts for the fiscal year ending March 31, 2027, following the acquisition of Taiyo Fertilizer, Ichinen MAC, and MC FERTICOM. The new guidance projects full-year net sales of ¥205.1 bi...
Ichinen Holdings Raises Annual Dividend Forecast on Strong Performance
Jul 8, 2026
ICHINEN HOLDINGS CO., LTD. has announced a revision to its dividend forecast for the fiscal year ending March 2027, underscoring its emphasis on stable, performance-backed shareholder returns. The company, which operates diversified service busine...
Ichinen Holdings Expands Agricultural Business With Fertilizer Acquisitions
Jun 1, 2026
Ichinen Holdings has completed the acquisition of Mitsubishi Shoji Agri-Service Corporation and MC Ferticom Co., Ltd., making both companies its subsidiaries and bringing seven additional fertilizer and agri-related firms under its umbrella as sub...
ICHINEN Holdings Reveals Prices for Mitsubishi Shoji Agri-Service and MC FERTICOM Acquisitions
May 26, 2026
ICHINEN Holdings has disclosed the acquisition prices and share counts for its previously announced deals to acquire Mitsubishi Shoji Agri-Service Corporation and MC FERTICOM CO., LTD., converting both into consolidated subsidiaries. The group wil...
Ichinen Reshapes Agribusiness Leadership Ahead of Fertilizer Subsidiary Expansion
May 18, 2026
Ichinen Holdings has detailed new executive line-ups at its agribusiness-related subsidiaries Ainoh Co., Ltd. and Kanryo Kagaku Co., Ltd., aligning management ahead of making Mitsubishi Shoji Agri-Service Corporation and MC FERTICOM Co., Ltd. grou...
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.