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Alinco Incorporated
(5933)
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Rating:60Neutral
Price Target:
¥1,142.00
▲(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weak and volatile free cash flow despite solid recent revenue growth, alongside meaningful leverage and only mid-level returns on equity. Offsetting this, technicals are mildly positive with price holding above key longer-term moving averages, and valuation is supportive with a modest P/E and a ~4% dividend yield.
Positive Factors
Recent Revenue Growth
The 23% year-on-year increase indicates renewed demand and improved sales momentum after the 2024 dip. Sustained top-line expansion can support operating scale and strengthen the company’s position in construction-related supply markets, although conversion to profit remains important.
Negative Factors
Persistently Weak Free Cash Flow
Repeatedly negative free cash flow limits cash available for debt reduction, dividends and reinvestment. The weakness, combined with volatile operating cash flow, suggests working-capital needs or ongoing reinvestment may continue to constrain financial flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent Revenue Growth
The 23% year-on-year increase indicates renewed demand and improved sales momentum after the 2024 dip. Sustained top-line expansion can support operating scale and strengthen the company’s position in construction-related supply markets, although conversion to profit remains important.
Read all positive factors
Alinco Incorporated (5933) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥21.64B
Dividend Yield3.95%
Average Volume (3M)35.07K
Price to Earnings (P/E)12.2
Beta (1Y)0.58
Revenue Growth1.80%
EPS Growth7.43%
CountryJP
Employees1,471
SectorTechnology
Sector Strength88
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)91.37
Shares Outstanding21,039,326
10 Day Avg. Volume35,970
30 Day Avg. Volume35,070
Financial Highlights & Ratios
PEG Ratio-1.05
Price to Book (P/B)0.61
Price to Sales (P/S)0.33
P/FCF Ratio-59.03
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
Alinco Incorporated Business Overview & Revenue Model
Company Description
Alinco Incorporated, a Japanese enterprise founded in 1938 and headquartered in Osaka, specializes in the design, manufacturing, and distribution of scaffolding equipment across Japan and internationally. The company's diverse activities are struc...
How the Company Makes Money
Alinco primarily makes money by selling construction- and worksite-related products (e.g., scaffolding/access equipment and ladder/stepladder products) to business customers involved in construction, maintenance, and industrial work. Revenue is ge...
Alinco Incorporated Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
56
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.61B | 62.63B | 61.60B | 57.88B | 60.72B | 55.26B |
| Gross Profit | 16.61B | 16.40B | 15.83B | 14.46B | 14.92B | 13.40B |
| EBITDA | 4.89B | 4.74B | 4.72B | 5.34B | 5.73B | 4.43B |
| Net Income | 1.82B | 1.75B | 1.96B | 1.99B | 1.55B | 451.28M |
Balance Sheet | ||||||
| Total Assets | 75.36B | 73.28B | 70.88B | 68.32B | 63.68B | 58.23B |
| Cash, Cash Equivalents and Short-Term Investments | 6.19B | 6.63B | 6.94B | 6.92B | 6.77B | 5.23B |
| Total Debt | 28.99B | 27.29B | 26.08B | 25.37B | 20.98B | 17.44B |
| Total Liabilities | 41.94B | 39.72B | 38.89B | 37.77B | 35.24B | 30.72B |
| Stockholders Equity | 33.42B | 33.56B | 31.99B | 30.53B | 28.43B | 27.50B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -347.01M | -156.61M | -3.67B | -824.96M | -578.13M |
| Operating Cash Flow | 0.00 | 3.35B | 5.42B | 1.69B | 2.69B | 2.71B |
| Investing Cash Flow | 0.00 | -3.63B | -5.56B | -5.33B | -3.72B | -3.66B |
| Financing Cash Flow | 0.00 | 484.19M | -104.00M | 3.65B | 2.54B | 583.07M |
Alinco Incorporated Technical Analysis
Neutral
1142.00
Price Trends
1104.58
Positive
1067.48
Positive
1078.05
Positive
Market Momentum
6.34
Positive
47.31
Neutral
21.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5933, the sentiment is Neutral. The current price of 1142 is above the 20-day moving average (MA) of 1130.05, above the 50-day MA of 1104.58, and above the 200-day MA of 1078.05, indicating a neutral trend. The MACD of 6.34 indicates Positive momentum. The RSI at 47.31 is Neutral, neither overbought nor oversold. The STOCH value of 21.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:5933.
Alinco Incorporated Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥239.40B | 12.95 | ― | 2.20% | 13.37% | 31.89% | |
66 Neutral | ¥752.40B | 23.79 | 8.79% | 2.17% | 15.94% | 6.46% | |
65 Neutral | ¥12.95T | 49.59 | 9.94% | 0.97% | 10.31% | 24.82% | |
62 Neutral | ¥86.48B | 16.91 | ― | 1.60% | 14.45% | 543.68% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥21.64B | 12.18 | ― | 3.96% | 1.80% | 7.43% | |
49 Neutral | ¥167.80B | 24.71 | 4.63% | 2.27% | 7.73% | -29.74% |
* Technology Sector Average
JP:5933
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Alinco Incorporated Corporate Events
Alinco Advances Share Buyback Program With July Treasury Share Purchases
Aug 3, 2026
Alinco Incorporated has reported progress on its ongoing share buyback program authorized by its board in May 2026. Between July 1 and July 31, the company repurchased 140,700 common shares on the Tokyo Stock Exchange for a total of ¥153.8 mi...
Alinco Completes Treasury Share Disposal for Restricted Stock Compensation
Jul 31, 2026
Alinco Incorporated has completed the disposal of treasury shares under its restricted stock compensation plan for directors and officers. The move follows a resolution passed by the board of directors earlier in July 2026, marking the formal exec...
Alinco Lifts Q1 Sales and Profits on Strong Scaffolding Demand
Jul 29, 2026
Alinco reported consolidated net sales of 16,395 million yen for the first quarter of the fiscal year ending March 2027, a 6.4 percent year-on-year increase driven by closer collaboration between its scaffolding sales and rental operations and gro...
Alinco Posts Strong Q1 Earnings and Lifts Full-Year Profit Outlook
Jul 29, 2026
Alinco Incorporated reported consolidated net sales of ¥16.4 billion for the three months ended June 20, 2026, up 6.4% year-on-year, with operating profit rising 21.6% to ¥782 million and profit attributable to owners of parent increasin...
Alinco Posts Strong Q1 Earnings and Projects Robust Profit Growth
Jul 17, 2026
Alinco Incorporated reported consolidated net sales of ¥16.4 billion for the three months ended June 20, 2026, up 6.4% year on year, with operating profit rising 21.6% to ¥782 million and profit attributable to owners of parent increasin...
Alinco to Dispose Treasury Shares for Long‑Term Restricted Stock Compensation
Jul 8, 2026
Alinco Incorporated has approved the disposal of 43,038 treasury shares of common stock as restricted stock compensation to four internal directors and fourteen officers. The shares, valued at 46,782,306 yen at a disposal price of 1,087 yen per sh...
Alinco Reports Progress on Share Buyback Program
Jul 1, 2026
Alinco has disclosed progress on its ongoing share buyback program, reporting the acquisition of 112,100 common shares for a total of ¥115.8 million between June 1 and June 30, 2026 through market purchases on the Tokyo Stock Exchange. This a...
Alinco Unveils FY2026 Results and Capital-Cost-Focused Strategy
Jun 3, 2026
Alinco released its financial results for the fiscal year ended March 20, 2026, and provided a forecast for the fiscal year ending March 2027. The company outlined initiatives aimed at management that is more conscious of capital costs, signaling ...
Alinco Begins Share Buyback, Repurchasing Over 129,000 Shares in First Month
Jun 1, 2026
Alinco Incorporated has disclosed the initial status of its share buyback program authorized by its board on May 1, 2026, under provisions of the Companies Act and its Articles of Incorporation. Between May 7 and May 31, the company repurchased 12...
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.