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Corona Corporation
(5909)
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Rating:53Neutral
Price Target:
¥997.00
▲(9.44% Upside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by weak recent cash generation (negative operating and free cash flow over 2024–2026) and thin, compressing margins, despite improving 2026 revenue growth. A debt-free, equity-rich balance sheet provides stability, but technicals are mixed and valuation (P/E ~26.7) looks demanding relative to profitability and cash-flow quality.
Positive Factors
Debt-Free Balance Sheet
A debt-free, equity-rich balance sheet materially reduces solvency risk and interest burdens. It gives Corona financial flexibility to withstand seasonal demand, manage supplier or working-capital needs, and invest in products without relying heavily on external borrowing.
Negative Factors
Persistent Negative Cash Flow
Three consecutive years of negative operating and free cash flow show that reported earnings are not converting into liquidity. Persistent cash leakage can constrain reinvestment, dividends, and resilience, while suggesting ongoing working-capital swings or elevated investment needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free, equity-rich balance sheet materially reduces solvency risk and interest burdens. It gives Corona financial flexibility to withstand seasonal demand, manage supplier or working-capital needs, and invest in products without relying heavily on external borrowing.
Read all positive factors
Corona Corporation (5909) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥28.17B
Dividend Yield2.94%
Average Volume (3M)15.29K
Price to Earnings (P/E)26.3
Beta (1Y)0.52
Revenue Growth0.14%
EPS Growth41.27%
CountryJP
Employees2,083
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)26.00
Shares Outstanding29,342,455
10 Day Avg. Volume16,590
30 Day Avg. Volume15,290
Financial Highlights & Ratios
PEG Ratio-2.72
Price to Book (P/B)0.35
Price to Sales (P/S)0.32
P/FCF Ratio-8.60
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)N/A
Revenue Forecast (FY)N/A
Corona Corporation Business Overview & Revenue Model
Company Description
Corona Corporation operates within the Japanese market, focusing on the development and sale of kerosene-fueled heating solutions. Their product portfolio encompasses both fan-assisted and portable kerosene heaters, alongside a selection of househ...
How the Company Makes Money
Corona makes money primarily by manufacturing and selling its residential equipment and appliances. Its revenue is largely generated from product sales (recognized when goods are shipped/delivered under its sales terms) through distribution channe...
Corona Corporation Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
84
Very Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.26B | 85.34B | 85.21B | 82.05B | 85.33B | 78.65B |
| Gross Profit | 18.07B | 18.36B | 18.39B | 18.04B | 18.76B | 17.40B |
| EBITDA | 2.88B | 2.92B | 3.31B | 3.99B | 3.88B | 3.29B |
| Net Income | 759.00M | 991.00M | 1.10B | 1.31B | 1.48B | 939.00M |
Balance Sheet | ||||||
| Total Assets | 103.15B | 100.26B | 102.23B | 103.29B | 102.16B | 98.30B |
| Cash, Cash Equivalents and Short-Term Investments | 16.54B | 12.95B | 14.74B | 18.68B | 21.78B | 22.22B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 27.66B | 22.42B | 25.94B | 28.11B | 29.26B | 25.52B |
| Stockholders Equity | 75.48B | 77.84B | 76.28B | 75.18B | 72.90B | 72.78B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.21B | -1.69B | -2.07B | 2.46B | 2.33B |
| Operating Cash Flow | 0.00 | -731.00M | -423.00M | -210.00M | 3.67B | 3.58B |
| Investing Cash Flow | 0.00 | -1.75B | -2.75B | -345.00M | -874.00M | -1.41B |
| Financing Cash Flow | 0.00 | -818.00M | -817.00M | -863.00M | -816.00M | -815.00M |
Corona Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥19.70B | 12.65 | ― | 2.35% | -0.29% | 21.56% | |
73 Outperform | ¥501.13B | 13.67 | 8.60% | 2.85% | 3.53% | 25.11% | |
73 Outperform | ¥194.57B | 13.64 | ― | 3.72% | 2.58% | 26.69% | |
68 Neutral | ¥70.75B | 24.04 | 2.20% | 2.17% | -1.15% | 31.88% | |
68 Neutral | ¥35.60B | 9.41 | ― | 3.37% | 4.93% | 90.43% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | ¥28.17B | 26.33 | ― | 2.94% | 0.14% | 41.27% |
* Consumer Cyclical Sector Average
JP:5909
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Corona Corporation Corporate Events
Corona Corporation Maintains Dividend Policy Amid Continued Quarterly Losses
Jul 30, 2026
Corona Corporation reported first-quarter net sales of ¥18,942 million for the period ended June 2026, essentially flat year on year with a modest 0.2% increase. Despite stable revenue, the company remained in the red, posting an operating lo...
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.