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HOKUETSU INDUSTRIES CO., LTD.
(6364)
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Rating:75Outperform
Price Target:
¥2,864.00
▲(57.02% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by solid profitability and a generally conservative balance sheet, but it is held back by the sharp 2026 cash flow reversal (negative operating and free cash flow). Strong technical trend and reasonable valuation (low P/E with a mid-single-digit dividend yield) provide meaningful support to the overall outlook.
Positive Factors
Steady multi-year revenue growth
Sustained top-line growth over multiple years indicates expanding market share or successful product/service adoption in industrial machinery. Durable revenue expansion supports reinvestment, scale efficiencies and strategic planning, reducing reliance on one-off projects and improving long-term cash flow potential.
Negative Factors
Sharp 2026 cash flow reversal
A swing to negative OCF and FCF despite positive net income signals cash conversion issues, likely from working capital or timing. That weakens liquidity, may force external financing or cutbacks in dividends/capex, and introduces sustained execution risk until cash conversion normalizes.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady multi-year revenue growth
Sustained top-line growth over multiple years indicates expanding market share or successful product/service adoption in industrial machinery. Durable revenue expansion supports reinvestment, scale efficiencies and strategic planning, reducing reliance on one-off projects and improving long-term cash flow potential.
Read all positive factors
HOKUETSU INDUSTRIES CO., LTD. (6364) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥73.01B
Dividend Yield2.82%
Average Volume (3M)32.17K
Price to Earnings (P/E)11.0
Beta (1Y)0.79
Revenue Growth2.30%
EPS Growth47.07%
CountryJP
Employees820
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)231.43
Shares Outstanding30,165,419
10 Day Avg. Volume26,420
30 Day Avg. Volume32,166
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)1.16
Price to Sales (P/S)0.94
P/FCF Ratio-14.48
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)202.8
Revenue Forecast (FY)¥58.80B
HOKUETSU INDUSTRIES CO., LTD. Business Overview & Revenue Model
Company Description
Airman Corporation is a Japanese company that specializes in the production and global distribution of diverse construction and industrial machinery. Beyond its core offerings, the firm also develops and sells air compressors under its proprietary...
How the Company Makes Money
null...
HOKUETSU INDUSTRIES CO., LTD. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.09B | 55.60B | 54.83B | 51.90B | 49.00B | 36.65B |
| Gross Profit | 16.16B | 15.22B | 14.67B | 13.46B | 11.52B | 9.55B |
| EBITDA | 9.85B | 8.33B | 8.13B | 8.43B | 6.33B | 5.09B |
| Net Income | 6.29B | 5.60B | 4.81B | 5.10B | 3.75B | 2.75B |
Balance Sheet | ||||||
| Total Assets | 67.78B | 65.69B | 64.46B | 56.59B | 53.48B | 46.06B |
| Cash, Cash Equivalents and Short-Term Investments | 11.43B | 12.12B | 19.25B | 11.65B | 12.84B | 10.94B |
| Total Debt | 7.39B | 7.54B | 7.96B | 1.31B | 1.29B | 116.70M |
| Total Liabilities | 21.67B | 20.50B | 23.42B | 19.02B | 19.29B | 14.75B |
| Stockholders Equity | 45.93B | 45.01B | 40.87B | 37.41B | 34.04B | 31.16B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.62B | 3.06B | 1.78B | 1.76B | 1.15B |
| Operating Cash Flow | 0.00 | -2.38B | 3.91B | 3.97B | 2.87B | 2.28B |
| Investing Cash Flow | 0.00 | -1.48B | -1.08B | -2.76B | -867.94M | -615.90M |
| Financing Cash Flow | 0.00 | -3.38B | 4.37B | -2.49B | -158.97M | -2.22B |
HOKUETSU INDUSTRIES CO., LTD. Technical Analysis
Positive
1824.00
Price Trends
2151.38
Positive
1990.02
Positive
1939.61
Positive
Market Momentum
113.45
Positive
62.49
Neutral
49.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6364, the sentiment is Positive. The current price of 1824 is below the 20-day moving average (MA) of 2537.55, below the 50-day MA of 2151.38, and below the 200-day MA of 1939.61, indicating a bullish trend. The MACD of 113.45 indicates Positive momentum. The RSI at 62.49 is Neutral, neither overbought nor oversold. The STOCH value of 49.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6364.
HOKUETSU INDUSTRIES CO., LTD. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥78.04B | 13.90 | ― | 3.95% | 6.49% | 36.18% | |
75 Outperform | ¥73.01B | 11.02 | ― | 3.18% | 2.30% | 47.07% | |
75 Outperform | ¥63.23B | 16.44 | ― | 2.54% | 3.47% | -12.29% | |
75 Outperform | ¥81.36B | 12.26 | ― | 2.63% | 9.99% | 41.83% | |
70 Outperform | ¥79.95B | 10.87 | ― | 3.09% | 0.93% | 212.09% | |
68 Neutral | ¥92.00B | 17.72 | ― | 2.79% | 7.86% | 19.30% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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HOKUETSU INDUSTRIES CO., LTD. Corporate Events
AIRMAN Sets Restricted Stock Plan with Market-Based Pricing for Treasury Shares
Jul 30, 2026
AIRMAN CORPORATION has approved the disposal of 4,127 treasury shares as restricted stock compensation to 27 employees, with a payment due date set for September 25, 2026. The program is intended to enhance employee incentives and align staff inte...
Airman Launches ¥800 Million Share Buyback to Boost Shareholder Returns
Jul 30, 2026
AIRMAN CORPORATION, a Japan-based industrial machinery maker listed on the TSE Prime, produces equipment such as compressors and related systems for domestic and overseas markets. The company’s medium-term plan stresses enhanced shareholder ...
AIRMAN CORPORATION Lifts Earnings Forecasts on North American Demand and Weak Yen
Jul 30, 2026
AIRMAN CORPORATION has sharply raised its forecasts for the first half of the fiscal year ending March 2027, projecting modestly higher net sales but a near doubling of operating and ordinary profit versus prior guidance. Earnings attributable to ...
AIRMAN CORPORATION Delivers Strong Q1 Earnings and Raises Full-Year Forecasts
Jul 30, 2026
AIRMAN CORPORATION reported consolidated net sales of ¥13,743 million for the three months ended June 30, 2026, a 3.7% year-on-year increase, with operating profit surging 50.9% to ¥2,437 million and profit attributable to owners of pare...
Airman lifts dividend as profits rise but warns of weaker earnings ahead
May 18, 2026
Airman Corporation reported consolidated net sales of ¥55.6 billion for the fiscal year ended March 31, 2026, up 2.3% year on year, with operating profit rising 11.2% to ¥7.2 billion and profit attributable to owners of parent climbing 1...
Airman Corporation Lifts Year-End Dividend Above Forecast as Earnings Strengthen
May 11, 2026
Airman Corporation’s board has approved a year-end dividend of 52 yen per share for the fiscal year ended March 31, 2026, up from 37 yen a year earlier and 40 yen in its latest forecast, lifting total annual dividends to 72 yen per share. Th...
Airman lifts dividend on stronger earnings but warns of profit slowdown
May 11, 2026
Airman Corporation reported consolidated net sales of ¥55.6 billion for the fiscal year ended March 31, 2026, up 2.3% year on year, with operating profit rising 11.2% to ¥7.2 billion and profit attributable to owners of parent climbing 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.