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Almetax Manufacturing Co., Ltd.
(5928)
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Rating:60Neutral
Price Target:
¥298.00
▲(9.96% Upside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by a very conservative, low-risk balance sheet, which materially supports financial resilience. Offsetting this are weak operating fundamentals (declining revenue and very thin operating margin) and recent negative free cash flow, while technicals are broadly neutral and valuation appears only moderately supportive given profitability constraints.
Positive Factors
Debt-free balance sheet
Effectively no debt limits interest burden and refinancing risk, giving Almetax greater resilience through construction-market downturns. The conservative funding profile also preserves flexibility to sustain operations and pursue necessary investment despite weak profitability.
Negative Factors
Multi-year revenue contraction
Repeated top-line contraction signals weaker demand, market share pressure, or limited growth opportunities in the company’s core operations. Persistent revenue erosion can reduce scale benefits and make it harder to absorb fixed costs or sustainably improve earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Effectively no debt limits interest burden and refinancing risk, giving Almetax greater resilience through construction-market downturns. The conservative funding profile also preserves flexibility to sustain operations and pursue necessary investment despite weak profitability.
Read all positive factors
Almetax Manufacturing Co., Ltd. (5928) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.98B
Dividend Yield2.76%
Average Volume (3M)6.49K
Price to Earnings (P/E)23.6
Beta (1Y)0.51
Revenue Growth-5.89%
EPS Growth47.74%
CountryJP
Employees331
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)-3.46
Shares Outstanding11,912,515
10 Day Avg. Volume8,230
30 Day Avg. Volume6,493
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.32
Price to Sales (P/S)0.38
P/FCF Ratio-118.04
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
Almetax Manufacturing Co., Ltd. Business Overview & Revenue Model
Company Description
Almetax Manufacturing Co., Ltd. engages in the manufacture and sale of aluminum building materials and civil engineering products. Its products include aluminum products such as ceramic, multi-layered glass, environment and landscape materials; sl...
How the Company Makes Money
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Almetax Manufacturing Co., Ltd. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
84
Very Positive
Cash Flow
45
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.89B | 8.30B | 9.42B | 9.66B | 9.54B |
| Gross Profit | 1.53B | 1.30B | 1.54B | 1.85B | 1.94B |
| EBITDA | 125.81M | 182.37M | 101.36M | 333.01M | 392.88M |
| Net Income | 161.17M | 27.80M | 77.89M | 269.22M | 353.48M |
Balance Sheet | |||||
| Total Assets | 11.40B | 11.34B | 12.32B | 11.58B | 11.20B |
| Cash, Cash Equivalents and Short-Term Investments | 1.73B | 1.88B | 2.07B | 1.93B | 1.66B |
| Total Debt | 0.00 | 0.00 | 8.31M | 21.44M | 0.00 |
| Total Liabilities | 2.01B | 2.15B | 2.92B | 2.71B | 2.65B |
| Stockholders Equity | 9.39B | 9.19B | 9.40B | 8.86B | 8.55B |
Cash Flow | |||||
| Free Cash Flow | -25.46M | -20.96M | 219.40M | 312.59M | 350.27M |
| Operating Cash Flow | 280.01M | 54.77M | 302.83M | 390.99M | 483.85M |
| Investing Cash Flow | -343.03M | -163.18M | -81.13M | -11.64M | -120.32M |
| Financing Cash Flow | -83.89M | -83.27M | -83.28M | -103.56M | -51.75M |
Almetax Manufacturing Co., Ltd. Technical Analysis
Positive
271.00
Price Trends
285.30
Positive
280.41
Positive
279.54
Positive
Market Momentum
2.02
Positive
54.46
Neutral
26.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5928, the sentiment is Positive. The current price of 271 is below the 20-day moving average (MA) of 287.90, below the 50-day MA of 285.30, and below the 200-day MA of 279.54, indicating a bullish trend. The MACD of 2.02 indicates Positive momentum. The RSI at 54.46 is Neutral, neither overbought nor oversold. The STOCH value of 26.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5928.
Almetax Manufacturing Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥18.99B | 7.50 | ― | 3.51% | 12.10% | 41.74% | |
70 Outperform | ¥11.53B | 18.57 | ― | 1.60% | 7.46% | 72.19% | |
68 Neutral | ¥5.23B | 6.97 | ― | 3.45% | 0.70% | 982.74% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥20.26B | 22.29 | ― | 2.21% | 0.13% | ― | |
60 Neutral | ¥2.98B | 23.60 | ― | 2.76% | -5.89% | 47.74% | |
47 Neutral | ¥2.84B | -11.80 | ― | 3.78% | -13.86% | -197.44% |
* Industrials Sector Average
JP:5928
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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.