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Alinco Incorporated (5933) AI Stock Analysis

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JP:5933

Alinco Incorporated

(TSE/TYO:5933)

Select Model
Rating:67Neutral
Price Target:JPY 1,229.00â–²(14.86% 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 sharp 2026 revenue rebound shows that Alinco can regain sales momentum after a weaker period. Sustained demand across its construction-material and jobsite-related businesses would broaden the revenue base, support operating scale, and provide a foundation for improving future earnings.
Negative Factors
Persistently Negative Free Cash FlowRecurring negative free cash flow limits the cash available for dividends, debt reduction, and internally funded growth. Even with positive operating cash flow, ongoing investment or working-capital demands are absorbing funds, making shareholder returns and financial flexibility more dependent on future improvement in cash conversion.

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

-5%0%5%10%15%20%25%30%JP:5933+7.26%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 20.82B
Dividend Yield
4.11%
Average Volume (3M)
45.67K
Price to Earnings (P/E)
12.3
Beta (1Y)
0.56
Revenue Growth
2.21%
EPS Growth
-6.25%
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 Incorporated primarily makes money by selling products used in the building and construction value chain. Key revenue streams generally include: (1) sales of aluminum-based construction and building materials (e.g., components and materials su...

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 SentimentPositive
Last Price1070.00

Price Trends

50DMA1071.93Negative
100DMA1072.15Negative
200DMA1058.64Positive

Market Momentum

MACD-2.20Negative
RSI55.75Neutral
STOCH91.80Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5933, the sentiment is Positive. The current price of 1070.00 is above the 20-day moving average (MA) of 1042.50, below the 50-day MA of 1071.93, and above the 200-day MA of 1058.64, indicating a neutral trend. The MACD of -2.20 indicates Negative momentum. The RSI at 55.75 is Neutral, neither overbought nor oversold. The STOCH value of 91.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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:6806JP:680670OutperformJPY 718.01B20.759.35%2.32%20.52%17.77%
JP:5933JP:593367NeutralJPY 20.75B12.32―4.11%2.21%-6.25%
JP:6981JP:698164NeutralJPY 9.63T32.7210.61%1.35%14.53%24.27%
JP:6814JP:681463NeutralJPY 241.61B14.01―2.73%14.36%-0.28%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:6800JP:680051NeutralJPY 60.07B13.09―2.46%17.46%52.73%
JP:6807JP:680746NeutralJPY 159.46B29.323.74%2.37%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 '26Nov '26
JP:5933 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:5933Alinco Incorporated1070.0066.676.64%
JP:6806HIROSE ELECTRIC CO22440.005115.3729.53%
JP:6807Japan Aviation Electronics Industry 2324.00-13.53-0.58%
JP:6981Murata Manufacturing Co 5177.002105.5968.55%
JP:6800Yokowo Co., Ltd.2560.00502.0024.39%
JP:6814Furuno Electric Co., Ltd.7330.00-835.99-10.24%

Alinco Incorporated Corporate Events

Alinco Acquires 129,000 Treasury Shares in October

Nov 2, 2026

ALINCO INCORPORATED, a company listed on the Tokyo Stock Exchange’s Prime Market, acquired 129,000 of its common shares through market purchases on the exchange between October 1 and October 31, 2026, spending ¥135.79 million. The purchases were made...

Alinco Q2 Sales Rise on Strong Scaffolding Business, Profits Weighed by FX Losses

Oct 30, 2026

Alinco Incorporated reported consolidated net sales of 33,024 million yen for the second quarter of the fiscal year ending March 2027, a 4.0% year-on-year increase driven by stronger coordination between its scaffolding sales and rental operations an...

Alinco Posts Higher Sales but Softer Profits, Affirms Full-Year Outlook

Oct 30, 2026

Alinco reported consolidated net sales of ¥33.0 billion for the six months ended September 20, 2026, up 4% year on year, with operating profit rising 12% to ¥1.41 billion. However, ordinary profit fell 7.4% and profit attributable to owners of parent...

Alinco lifts first-half sales and keeps dividend as it targets stronger full-year profits

Oct 20, 2026

Alinco reported a 4.0% rise in consolidated net sales to ¥33.0 billion for the six months ended September 20, 2026, with operating profit up 12.0% to ¥1.41 billion despite a 7.4% decline in ordinary profit and a 2.4% drop in profit attributable to ow...

Alinco Advances Share Buyback Program with Additional Treasury Share Purchases

Oct 1, 2026

Alinco Incorporated reported that it acquired 74,400 of its own common shares on the Tokyo Stock Exchange during September 2026, at a total cost of approximately 82.99 million yen, under an ongoing share buyback program approved by its board in May 2...

Alinco Reports Progress on Ongoing Share Buyback Program

Sep 1, 2026

Alinco Incorporated has disclosed the latest progress of its ongoing share buyback program, authorized by its board under the Companies Act. The company acquired 130,100 of its own common shares on the Tokyo Stock Exchange between August 1 and August...

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: Nov 05, 2026