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Alinco Incorporated (5933) AI Stock Analysis

JP:5933

Alinco Incorporated

(TSE/TYO:5933)

Select Model
Rating:67Neutral
Price Target:JPY 1,229.00â–²(18.86% Upside)
Action:reiterated
Date:08/19/26

The overall mid-to-upper range score reflects a financially stable but only moderately profitable and cash-flow-constrained business profile, offset by a solid technical uptrend and an undemanding valuation with a meaningful dividend yield, resulting in a balanced but not elite risk–return outlook.

Positive Factors
Recent Revenue GrowthThe 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 FlowRepeatedly 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.

Alinco Incorporated (5933) vs. iShares MSCI Japan ETF (EWJ)

-5%0%5%10%15%20%25%JP:5933+4.36%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 20.12B
Dividend Yield
4.26%
Average Volume (3M)
45.66K
Price to Earnings (P/E)
11.9
Beta (1Y)
0.59
Revenue Growth
2.21%
EPS Growth
―
Country
Japan
Employees
1,471
Sector
Technology
Sector Strength
61
Industry
Industrial - Machinery

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 structur...

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 gener...

Alinco Incorporated Financial Statement Overview

Summary

Revenue and profitability are positive but modest and cyclical, leverage is rising though still moderate, and cash flow generation is weak and volatile with frequent negative free cash flow, leaving the overall financial profile stable but only mid-tier.

Income Statement

63Positive

Balance Sheet

68Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue63.91B62.63B61.60B57.88B60.72B55.26B
Gross Profit16.83B16.40B15.83B14.46B14.92B13.40B
EBITDA4.30B4.74B4.72B5.34B5.73B4.43B
Net Income1.73B1.75B1.96B1.99B1.55B451.28M
Balance Sheet
Total Assets76.64B73.28B70.88B68.32B63.68B58.23B
Cash, Cash Equivalents and Short-Term Investments6.61B6.63B6.94B6.92B6.77B5.23B
Total Debt30.93B27.29B26.08B25.37B20.98B17.44B
Total Liabilities43.05B39.72B38.89B37.77B35.24B30.72B
Stockholders Equity33.59B33.56B31.99B30.53B28.43B27.50B
Cash Flow
Free Cash Flow0-347.01M-156.61M-3.67B-824.96M-578.13M
Operating Cash Flow03.35B5.42B1.69B2.69B2.71B
Investing Cash Flow0-3.63B-5.56B-5.33B-3.72B-3.66B
Financing Cash Flow0484.19M-104.00M3.65B2.54B583.07M

Alinco Incorporated Technical Analysis

Technical Analysis SentimentNeutral
Last Price1034.00

Price Trends

50DMA1083.54Negative
100DMA1068.58Negative
200DMA1060.87Negative

Market Momentum

MACD-18.46Positive
RSI41.30Neutral
STOCH18.56Positive

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 1034.00 is below the 20-day moving average (MA) of 1051.70, below the 50-day MA of 1083.54, and below the 200-day MA of 1060.87, indicating a bearish trend. The MACD of -18.46 indicates Positive momentum. The RSI at 41.30 is Neutral, neither overbought nor oversold. The STOCH value of 18.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:5933.

Alinco Incorporated Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:5933 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6814JP:681477OutperformJPY 246.34B14.93―2.56%14.36%-0.28%
JP:5933JP:593367NeutralJPY 20.05B11.91―4.26%2.21%―
JP:6806JP:680666NeutralJPY 748.91B23.558.79%2.20%15.94%6.46%
JP:6800JP:680065NeutralJPY 78.21B14.84―1.88%14.45%543.68%
JP:6981JP:698162NeutralJPY 11.73T43.7210.61%1.10%14.53%24.27%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:6807JP:680758NeutralJPY 171.39B31.363.74%2.21%10.23%-33.88%

* Technology Sector Average

Performance Comparison

0%100%200%JP:5933JP:6806JP:6807JP:6981JP:6800JP:6814Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:5933 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:5933Alinco Incorporated1034.0040.284.05%
JP:6806HIROSE ELECTRIC CO23625.003392.5716.77%
JP:6807Japan Aviation Electronics Industry 2485.00229.5910.18%
JP:6981Murata Manufacturing Co 6358.003012.3990.04%
JP:6800Yokowo Co., Ltd.3355.001410.0272.50%
JP:6814Furuno Electric Co., Ltd.7810.00-972.85-11.08%

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 milli...

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 executi...

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 growin...

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 increasing 1...

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 increasing 1...

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 share...

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 acti...

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 an...

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 129,1...

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 04, 2026