Musashino Kogyo Co., Ltd. (9635) AI Stock Analysis

• Market Cap: ¥2.42B
• Dividend Yield: N/A
• Average Volume (3M): 4.01K
• Price to Earnings (P/E): 42.2
• Beta (1Y): 0.19
• Revenue Growth: 4.72%
• EPS Growth: 111.08%
• Country: JP
• Employees: 48
• Sector: Real Estate
• Sector Strength: 49
• Industry: Real Estate - Services
• EPS (TTM): 10.86
• Shares Outstanding: 1,050,000
• 10 Day Avg. Volume: 10,150
• 30 Day Avg. Volume: 4,010
• 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: ¥2,650.00
• Price Target Upside: 13.30% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: ¥2,650.00 ▲(13.30% Upside)

Musashino Kogyo Co., Ltd. scores a 62, driven primarily by strong financial performance and positive technical indicators. The company's stable balance sheet and effective cash generation are significant strengths. However, the high P/E ratio and overbought technical signals suggest caution. The absence of earnings call insights and corporate events limits the analysis to financial and technical factors.

Musashino Kogyo Co., Ltd. Business Overview & Revenue Model

Company Description

Musashino Kogyo Co., Ltd. (9635) is a Japan-based company primarily engaged in the operation of movie theaters. The company is involved in the planning and production of films and video content, as well as the sale of related merchandise. Musashino Kogyo is known for its chain of cinemas that provide entertainment services to a wide range of audiences across the country.

How the Company Makes Money

Musashino Kogyo Co., Ltd. generates revenue primarily through its movie theater operations. This includes ticket sales for film screenings, which form the core of its income. The company also earns from concessions sold at its theaters, such as snacks and beverages, which contribute significantly to its revenue. Additionally, Musashino Kogyo engages in film production and distribution, earning income from licensing and distribution rights. The company may also enter into partnerships with film studios and distributors, enhancing its film offerings and attracting more patrons to its theaters, thereby boosting ticket and concession sales.

Musashino Kogyo Co., Ltd. Financial Statement Overview

Summary

Musashino Kogyo Co., Ltd. demonstrates strong financial performance with significant profitability improvements and a stable balance sheet. Revenue growth and efficient cost management positively impact the income statement. The balance sheet reflects low leverage and a solid equity base, minimizing financial risk. Cash flow analysis indicates effective cash generation, though historical volatility in free cash flow warrants attention.

Income Statement

Musashino Kogyo Co., Ltd. shows a strong gross profit margin, consistently above 45% over the years, indicating efficient cost management. The net profit margin improved significantly in 2025 to 4.76% from 0.36% in 2024, showcasing better profitability. Revenue growth from 2024 to 2025 was 6.39%, demonstrating positive growth momentum. However, fluctuating EBIT and EBITDA margins suggest some operational challenges, though they have shown improvement in recent periods.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.09 in 2025, indicating low leverage and financial stability. The equity ratio remains robust, reflecting a strong equity base relative to total assets. Return on Equity (ROE) improved to 1.80% in 2025 from 0.13% in 2024, showing increased profitability from equity. Overall, the balance sheet indicates a low-risk financial position with strong equity support.

Cash Flow

Operating cash flow improved significantly in 2025, contributing to a positive free cash flow. Free cash flow to net income ratio is favorable, indicating effective cash generation from operations. However, the free cash flow growth rate showed volatility in previous years. The company has maintained a solid operating cash flow to net income ratio, reinforcing its ability to convert earnings into cash flow efficiently.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.36B	1.36B	1.28B	1.38B	1.29B	1.23B
Gross Profit	680.73M	680.36M	633.39M	734.27M	687.39M	665.36M
EBITDA	154.81M	154.81M	87.19M	103.44M	143.83M	-81.14M
Net Income	64.75M	64.96M	4.67M	40.58M	50.01M	-216.67M
Balance Sheet
Total Assets	6.07B	6.07B	5.98B	5.95B	5.99B	6.06B
Cash, Cash Equivalents and Short-Term Investments	861.28M	861.28M	758.32M	743.27M	759.25M	835.37M
Total Debt	317.69M	317.69M	345.02M	347.44M	411.26M	499.27M
Total Liabilities	2.46B	2.46B	2.40B	2.38B	2.45B	2.58B
Stockholders Equity	3.62B	3.62B	3.58B	3.58B	3.54B	3.49B
Cash Flow
Free Cash Flow	0.00	131.81M	16.80M	48.99M	13.48M	-115.56M
Operating Cash Flow	0.00	200.09M	41.57M	91.95M	65.56M	58.04M
Investing Cash Flow	0.00	-69.37M	-20.39M	-44.10M	-47.15M	-172.77M
Financing Cash Flow	0.00	-27.76M	-6.18M	-63.87M	-94.58M	272.69M

Musashino Kogyo Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2339.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9635, the sentiment is Positive. The current price of 2339 is above the 20-day moving average (MA) of 2314.50, above the 50-day MA of 2211.26, and above the 200-day MA of 2117.15, indicating a bullish trend. The MACD of 40.25 indicates Positive momentum. The RSI at 56.99 is Neutral, neither overbought nor oversold. The STOCH value of 9.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9635.

Musashino Kogyo Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9342	78 Outperform	¥2.94B	16.42		0.22%	14.00%	323.78%
9423	77 Outperform	¥2.79B	108.47		2.30%	-1.13%	-81.83%
9635	62 Neutral	¥2.42B	42.19		―	4.72%	111.08%
8946	61 Neutral	¥2.56B	73.55		―	43.09%	12.52%
8912	60 Neutral	¥2.37B	22.71		1.89%	6.32%	-10.34%
9816	59 Neutral	¥2.50B	45.09		1.86%	0.32%	-45.61%
Sector *	53 Neutral	$1.24B	3.03	-6.08%	5.65%	-8.21%	-81.31%