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Corona Corporation (5909) AI Stock Analysis

JP:5909

Corona Corporation

(TSE/TYO:5909)

Select Model
Rating:60Neutral
Price Target:JPY 1,031.00â–²(14.56% Upside)
Action:reiterated
Date:08/18/26

Solid balance sheet strength and reasonable valuation are the main positives supporting the score, while deteriorating cash flows and neutral-to-weak technical indicators limit upside potential.

Positive Factors
Debt-Free Balance SheetA 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 FlowThree 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.

Corona Corporation (5909) vs. iShares MSCI Japan ETF (EWJ)

-5%0%5%10%15%20%25%JP:5909+0.48%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 26.32B
Dividend Yield
3.11%
Average Volume (3M)
16.64K
Price to Earnings (P/E)
27.3
Beta (1Y)
0.54
Revenue Growth
-0.78%
EPS Growth
37.24%
Country
Japan
Employees
2,083
Sector
Consumer Cyclical
Sector Strength
61
Industry
Furnishings, Fixtures & Appliances

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 household...

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 channels...

Corona Corporation Financial Statement Overview

Summary

Strong balance sheet with zero debt and growing equity provides stability, offset by inconsistent revenue, low net margins, declining net income, and recent negative operating and free cash flows.

Income Statement

55Neutral

Balance Sheet

85Very Positive

Cash Flow

40Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue85.26B85.34B85.21B82.05B85.33B78.65B
Gross Profit18.07B18.36B18.39B18.04B18.76B17.40B
EBITDA2.70B2.92B3.31B3.99B3.88B3.29B
Net Income759.00M991.00M1.10B1.31B1.48B939.00M
Balance Sheet
Total Assets103.15B100.26B102.23B103.29B102.16B98.30B
Cash, Cash Equivalents and Short-Term Investments16.54B12.95B14.74B18.68B21.78B22.22B
Total Debt000000
Total Liabilities27.66B22.42B25.94B28.11B29.26B25.52B
Stockholders Equity75.48B77.84B76.28B75.18B72.90B72.78B
Cash Flow
Free Cash Flow0-3.21B-1.69B-2.07B2.46B2.33B
Operating Cash Flow0-731.00M-423.00M-210.00M3.67B3.58B
Investing Cash Flow0-1.75B-2.75B-345.00M-874.00M-1.41B
Financing Cash Flow0-818.00M-817.00M-863.00M-816.00M-815.00M

Corona Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:5909 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:5951JP:595182OutperformJPY 20.23B12.99―2.24%-0.29%21.56%
JP:5947JP:594773OutperformJPY 489.66B13.368.60%2.94%3.53%25.11%
JP:7981JP:798172OutperformJPY 188.94B13.17―4.24%1.75%7.95%
JP:5946JP:594668NeutralJPY 65.70B22.332.20%2.31%-1.15%31.88%
JP:7955JP:795568NeutralJPY 31.48B8.32―3.76%4.93%90.43%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
JP:5909JP:590960NeutralJPY 26.22B27.30―3.11%-0.78%37.24%

* Consumer Cyclical Sector Average

Performance Comparison

0%20%40%JP:5909JP:5946JP:5947JP:5951JP:7955JP:7981Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:5909 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:5909Corona Corporation900.0022.752.59%
JP:5946Chofu Seisakusho Co 1991.0080.014.19%
JP:5947Rinnai Corporation3500.00100.882.97%
JP:5951Dainichi Co., Ltd.1250.00350.3338.94%
JP:7955Cleanup Corporation877.00141.7719.28%
JP:7981Takara Standard Co., Ltd3020.00633.6826.55%

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 loss...

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: Aug 18, 2026