Sun Capital Management Corp. (2134) AI Stock Analysis

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Sun Capital Management Corp.

(TSE/TYO:2134)

Select Model

Rating:43Neutral

Price Target:JPY 12.50▼(-3.85% Downside)

Action:reiterated

Date:11/06/26

The score is held down primarily by weak financial performance: persistent losses and sustained negative operating/free cash flow outweigh the strong recent revenue rebound, even with improved leverage. Technicals add further pressure with a pronounced downtrend and bearish momentum indicators. Valuation is also constrained by negative earnings and the absence of dividend yield data.

Positive Factors

Revenue reboundThe sharp 2026 revenue rebound indicates materially stronger top-line activity and improved commercial traction. If this growth can be sustained, it could broaden the company’s operating base, support greater scale, and provide a foundation for future profitability improvements.

Negative Factors

Persistent unprofitabilityDeep operating and net losses indicate that revenue growth is not yet translating into a viable earnings model. Continued unprofitability can consume equity, restrict internally funded investment, and make durable value creation dependent on a substantial improvement in operating efficiency.

Sun Capital Management Corp. (2134) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 7.94B
Dividend Yield: ―
Average Volume (3M): 2.64M
Price to Earnings (P/E): -4.9
Beta (1Y): 1.73
Revenue Growth: 263.03%
EPS Growth: 23.09%
Country: Japan
Employees: 38
Sector: Financial
Sector Strength: 68
Industry: Asset Management

Sun Capital Management Corp. Business Overview & Revenue Model

Company Description

Operating as a private equity and venture capital firm, Kitahama Capital Partners Co.,Ltd., previously known as Sun Capital Management Corp., concentrates its investment efforts on venture capital opportunities, corporate turnarounds, and mergers and...

Sun Capital Management Corp. Financial Statement Overview

Summary

Despite a sharp revenue rebound in 2026 (~+260% YoY), profitability and cash generation remain very weak. Operating and net margins are deeply negative (EBIT ~-52%, net ~-63%), and operating/free cash flow are consistently negative with elevated cash burn (OCF ~-1.6B; FCF ~-1.9B in 2026). The balance sheet shows more manageable recent leverage (debt-to-equity ~0.13), but materially negative ROE (~-24%) and prior leverage volatility keep overall financial quality low.

Income Statement

18Very Negative

Balance Sheet

56Neutral

Cash Flow

14Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Income Statement
Total Revenue	545.00M	701.61M	1.96B	234.49M	381.43M	386.59M
Gross Profit	184.00M	230.42M	540.75M	178.49M	204.80M	217.73M
EBITDA	-664.13M	-757.62M	-921.97M	-334.75M	-409.04M	-479.66M
Net Income	-963.00M	-835.21M	-1.24B	-489.20M	-904.22M	-1.25B
Balance Sheet
Total Assets	6.29B	2.69B	6.83B	1.22B	1.32B	1.79B
Cash, Cash Equivalents and Short-Term Investments	3.07B	256.47M	544.77M	62.67M	159.51M	75.93M
Total Debt	247.00M	256.40M	705.02M	734.26M	394.06M	348.89M
Total Liabilities	358.00M	646.32M	1.34B	1.06B	665.73M	906.55M
Stockholders Equity	5.93B	2.03B	5.26B	153.33M	655.60M	879.77M
Cash Flow
Free Cash Flow	0	-1.76B	-1.91B	-478.18M	-596.81M	-994.28M
Operating Cash Flow	0	-1.58B	-1.62B	-468.26M	-591.86M	-490.39M
Investing Cash Flow	0	-420.04M	-1.43B	99.19M	-1.58M	-680.89M
Financing Cash Flow	0	2.19B	3.33B	272.24M	677.01M	1.13B

Sun Capital Management Corp. Technical Analysis

Technical Analysis SentimentNegative

Last Price13.00

Price Trends

50DMA17.86Negative

100DMA21.62Negative

200DMA27.20Negative

Market Momentum

MACD-1.03Negative

RSI32.16Neutral

STOCH30.56Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2134, the sentiment is Negative. The current price of 13.00 is below the 20-day moving average (MA) of 15.30, below the 50-day MA of 17.86, and below the 200-day MA of 27.20, indicating a bearish trend. The MACD of -1.03 indicates Negative momentum. The RSI at 32.16 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2134.

Sun Capital Management Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

JP:2134 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:8739	84Outperform	JPY 73.12B	10.95	21.29%	5.93%	30.22%	45.03%
JP:8616	83Outperform	JPY 185.28B	9.00	10.42%	7.01%	15.67%	61.22%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JP:8595	66Neutral	JPY 113.51B	18.56	4.55%	6.03%	-38.26%	-6.57%
JP:8518	48Neutral	JPY 3.80B	32.06	1.10%	―	8.00%	-55.19%
JP:3772	47Neutral	JPY 20.08B	-31.85	―	1.90%	-25.55%	-139.93%
JP:2134	43Neutral	JPY 7.94B	-4.92	―	―	263.03%	23.09%

* Financial Sector Average

Performance Comparison

JP:2134 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:2134	Sun Capital Management Corp.	13.00	-31.00	-70.45%
JP:8595	Jafco Co	2205.00	4.59	0.21%
JP:8739	Sparx Group Co., Ltd.	2447.00	1070.41	77.76%
JP:8616	Tokai Tokyo Financial Holdings	756.00	203.48	36.83%
JP:8518	Japan Asia Investment Company, Limited	133.00	-95.00	-41.67%
JP:3772	Wealth Management Inc	1050.00	-13.78	-1.30%

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.

Date of analysis: Nov 05, 2026

Sun Capital Management Corp. AI Stock Analysis