Kyowa Exeo (1951) AI Stock Analysis

• Market Cap: ¥431.35B
• Dividend Yield: 2.83%
• Average Volume (3M): 510.80K
• Price to Earnings (P/E): 16.1
• Beta (1Y): 0.54
• Revenue Growth: 11.20%
• EPS Growth: 36.74%
• Country: JP
• Employees: 17,056
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 17.82
• Shares Outstanding: 208,624,830
• 10 Day Avg. Volume: 566,030
• 30 Day Avg. Volume: 510,796
• PEG Ratio: 0.36
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.52
• P/FCF Ratio: -39.22
• 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: ¥1,900.00
• Price Target Upside: -14.53% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: ¥2,464.00 ▲(10.84% Upside)

Kyowa Exeo's overall stock score is driven by strong technical indicators and solid financial performance, despite some financial risks related to cash flow and leverage. The valuation is moderate, offering a reasonable dividend yield. The absence of earnings call and corporate events data did not impact the score.

Kyowa Exeo Business Overview & Revenue Model

Company Description

Kyowa Exeo, established in 1951, is a prominent player in the Japanese market specializing in the development and provision of various industrial materials and services. The company operates primarily in the sectors of electronics, chemicals, and advanced materials, offering a wide range of products including semiconductor materials, electronic components, and specialized chemicals used in manufacturing processes. Kyowa Exeo is known for its commitment to innovation and sustainability, aiming to provide high-quality solutions that meet the evolving needs of its customers.

How the Company Makes Money

Kyowa Exeo generates revenue through multiple streams, primarily by selling its industrial materials and electronic components to various sectors including electronics, automotive, and manufacturing. The company's revenue model is based on direct sales of products, long-term contracts with major clients, and partnerships with technology firms for co-development projects. Additionally, Kyowa Exeo benefits from research and development collaborations that enhance its product offerings and market reach. The company also explores international markets, which contributes to its overall earnings through export activities. Strategic alliances and joint ventures with other industry players further strengthen its market position and revenue potential.

Kyowa Exeo Financial Statement Overview

Summary

Kyowa Exeo shows strong revenue growth and improved profitability margins. However, the increased leverage and negative free cash flow highlight significant financial risks. The company needs to focus on strengthening cash flow generation and managing debt levels for long-term stability.

Income Statement

Kyowa Exeo's income statement shows a steady increase in total revenue over the years, with a notable revenue growth rate of 9.24% in 2025. The gross profit margin improved to 14.98% in 2025 from 14.52% in 2024. The net profit margin also increased to 4.00% in 2025 from 3.27% in 2024, indicating enhanced profitability. The EBIT margin rose to 6.33% in 2025, while the EBITDA margin reached 8.88%, reflecting efficient operations. However, the overall profitability remains moderate due to the industry's competitive nature.

Balance Sheet

The balance sheet of Kyowa Exeo highlights a robust equity position, with an equity ratio of 49.96% in 2025. The debt-to-equity ratio increased to 0.40 in 2025 from 0.33 in 2024, indicating a rise in leverage but still maintaining a manageable level. Return on equity improved slightly to 8.36% in 2025 from 6.40% in 2024, demonstrating efficient use of equity. The company's financial stability is reinforced by a solid equity base, although increasing debt levels pose a potential risk.

Cash Flow

Kyowa Exeo's cash flow statement reveals challenges in maintaining free cash flow, which turned negative at -8.91 billion JPY in 2025, down from a positive 22.13 billion JPY in 2024. The operating cash flow to net income ratio decreased significantly to 0.25 in 2025 from 2.09 in 2024, suggesting less cash generation from operations relative to net income. The company's ability to generate stable cash flows is a concern, warranting attention to operational efficiencies and cost management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	684.01B	670.82B	614.10B	627.61B	594.84B	573.34B
Gross Profit	104.04B	100.48B	89.16B	81.84B	84.32B	75.86B
EBITDA	61.74B	59.57B	50.46B	50.37B	51.75B	47.47B
Net Income	27.52B	26.86B	20.06B	22.23B	27.77B	24.19B
Balance Sheet
Total Assets	572.61B	642.50B	591.64B	577.94B	535.62B	491.57B
Cash, Cash Equivalents and Short-Term Investments	50.39B	40.01B	48.25B	51.72B	55.61B	43.70B
Total Debt	111.17B	129.19B	102.39B	112.38B	78.76B	56.35B
Total Liabilities	252.94B	315.72B	272.58B	270.00B	228.57B	202.69B
Stockholders Equity	314.61B	321.14B	313.21B	303.36B	303.55B	285.92B
Cash Flow
Free Cash Flow	0.00	-8.92B	22.13B	-8.25B	6.24B	-3.86B
Operating Cash Flow	0.00	6.84B	41.90B	5.48B	26.41B	6.30B
Investing Cash Flow	0.00	-18.43B	-13.59B	-13.33B	-20.39B	-9.25B
Financing Cash Flow	0.00	2.89B	-30.55B	3.30B	5.02B	-1.75B

Kyowa Exeo Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2223.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1951, the sentiment is Positive. The current price of 2223 is above the 20-day moving average (MA) of 2166.60, above the 50-day MA of 2159.02, and above the 200-day MA of 1856.49, indicating a bullish trend. The MACD of 18.31 indicates Negative momentum. The RSI at 58.94 is Neutral, neither overbought nor oversold. The STOCH value of 49.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1951.

Kyowa Exeo Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1959	―	¥537.58B	18.61	―	2.08%	-5.20%	-1.21%
1417	―	¥248.28B	17.79	6.39%	2.67%	8.86%	12.48%
1721	―	$434.30B	14.12	8.66%	2.95%	5.51%	10.18%
1951	―	¥431.35B	16.13	―	2.83%	11.20%	36.74%
1942	―	€876.88B	18.41	14.15%	1.74%	16.43%	53.76%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1963	―	¥395.38B	―	-1.77%	2.56%	-1.54%	-26.26%

Kyowa Exeo Corporate Events

EXEO Group Reports Strong Q1 Financial Results for 2025

EXEO Group, Inc. reported a significant increase in its consolidated financial results for the three months ended June 30, 2025, with net sales rising by 10.5% year-on-year and operating profit surging by 92.1%. The company’s strong performance is indicative of its robust market positioning and effective operational strategies, reflecting positively on its financial health and offering promising implications for stakeholders.

The most recent analyst rating on (JP:1951) stock is a Hold with a Yen1700.00 price target. To see the full list of analyst forecasts on Kyowa Exeo stock, see the JP:1951 Stock Forecast page.