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Mimaki Engineering Co., Ltd.
(6638)
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Rating:68Neutral
Price Target:
¥2,182.00
▲(7.70% Upside)
Action:Downgraded
Date:08/17/26
The score is driven by strong valuation (low P/E and decent yield) and improved profitability and leverage, but it is held back by weak/volatile cash flow (including a latest-year drop in cash conversion) and only mixed technical momentum (negative MACD and below the 20-day average).
Positive Factors
Earnings recovery and margins
The multi-year recovery and stronger margins indicate improved operating economics and profitability. Sustained earnings growth can strengthen internal funding capacity, although future expansion may depend on maintaining demand across Mimaki’s end markets.
Negative Factors
Weak and volatile cash conversion
The latest divergence between profit and cash generation raises concerns about working capital, inventory, or other cash demands. Earlier periods also included weak operating cash flow and negative free cash flow, limiting confidence in consistent self-funded growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings recovery and margins
The multi-year recovery and stronger margins indicate improved operating economics and profitability. Sustained earnings growth can strengthen internal funding capacity, although future expansion may depend on maintaining demand across Mimaki’s end markets.
Read all positive factors
Mimaki Engineering Co., Ltd. (6638) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥56.04B
Dividend Yield3.11%
Average Volume (3M)110.65K
Price to Earnings (P/E)7.8
Beta (1Y)1.29
Revenue Growth0.95%
EPS Growth17.19%
CountryJP
Employees2,152
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)233.01
Shares Outstanding32,040,000
10 Day Avg. Volume88,740
30 Day Avg. Volume110,650
Financial Highlights & Ratios
PEG Ratio0.73
Price to Book (P/B)1.13
Price to Sales (P/S)0.54
P/FCF Ratio27.65
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)259.2
Revenue Forecast (FY)¥94.00B
Mimaki Engineering Co., Ltd. Business Overview & Revenue Model
Company Description
Mimaki Engineering Co., Ltd., a Japanese enterprise, operates internationally, specializing in the development, manufacturing, and global distribution of digital fabrication equipment and associated software solutions. Their extensive hardware ran...
How the Company Makes Money
Mimaki primarily makes money through (1) sales of hardware systems and (2) recurring revenue tied to those installed systems. The core revenue stream is the sale of digital inkjet printers and cutting plotters (including units targeted at sign/gra...
Mimaki Engineering Co., Ltd. Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 83.73B | 83.96B | 75.63B | 70.61B | 59.51B |
| Gross Profit | 41.20B | 41.13B | 34.75B | 28.45B | 23.85B |
| EBITDA | 11.59B | 10.92B | 7.25B | 6.00B | 4.63B |
| Net Income | 6.74B | 6.16B | 3.71B | 2.81B | 2.35B |
Balance Sheet | |||||
| Total Assets | 82.89B | 76.17B | 75.72B | 69.79B | 60.86B |
| Cash, Cash Equivalents and Short-Term Investments | 16.37B | 15.45B | 17.37B | 10.49B | 8.97B |
| Total Debt | 23.87B | 22.94B | 28.50B | 28.85B | 23.87B |
| Total Liabilities | 42.78B | 43.80B | 48.33B | 47.73B | 42.14B |
| Stockholders Equity | 39.90B | 32.22B | 27.26B | 21.99B | 18.67B |
Cash Flow | |||||
| Free Cash Flow | 1.64B | 5.81B | 7.91B | -1.72B | -6.35B |
| Operating Cash Flow | 4.62B | 7.86B | 9.56B | 490.41M | -5.13B |
| Investing Cash Flow | -5.39B | -2.44B | -2.60B | -3.50B | -2.71B |
| Financing Cash Flow | -1.32B | -7.54B | -1.44B | 3.52B | 4.28B |
Mimaki Engineering Co., Ltd. Technical Analysis
Negative
2026.00
Price Trends
2004.50
Negative
1863.31
Positive
1754.91
Positive
Market Momentum
-22.34
Positive
42.88
Neutral
23.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6638, the sentiment is Negative. The current price of 2026 is above the 20-day moving average (MA) of 1938.05, above the 50-day MA of 2004.50, and above the 200-day MA of 1754.91, indicating a neutral trend. The MACD of -22.34 indicates Positive momentum. The RSI at 42.88 is Neutral, neither overbought nor oversold. The STOCH value of 23.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6638.
Mimaki Engineering Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥14.42B | 8.82 | ― | 3.53% | 1.45% | 13.08% | |
77 Outperform | ¥329.98B | 10.85 | ― | 2.96% | 14.49% | 9.23% | |
71 Outperform | ¥245.62B | 7.11 | 18.73% | 3.06% | 24.06% | 105.61% | |
70 Outperform | ¥47.12B | 14.86 | ― | 3.49% | 2.80% | -33.11% | |
69 Neutral | ¥66.70B | 16.58 | ― | 3.00% | 12.94% | 85.20% | |
68 Neutral | ¥56.04B | 7.81 | ― | 2.93% | 0.95% | 17.19% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:6638
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Mimaki Engineering Co., Ltd. Corporate Events
Mimaki Engineering Delivers Strong Q1 Profit Growth but Keeps Full-Year Outlook Flat
Aug 7, 2026
Mimaki Engineering reported consolidated net sales of ¥20.1 billion for the quarter ended June 30, 2026, up 3.3% year on year, with operating profit rising 21.6% to ¥2.35 billion and profit attributable to owners of parent climbing 22.7%...
Mimaki Highlights FY2026 Q1 Results and New UV Inkjet Printer Launch
Aug 7, 2026
Mimaki Engineering released presentation materials for its FY2026 first-quarter financial results, along with forecasts for the first half and full fiscal year, signaling continued transparency around its performance and outlook. As part of its pr...
Mimaki Engineering to Grant Restricted Treasury Shares to Directors and Executives
Jul 24, 2026
Mimaki Engineering Co., Ltd. has approved the disposal of 13,414 treasury shares as restricted stock-based compensation to its directors and executive officers. The shares, priced at 2,210 yen each for a total of 29,644,940 yen, will be allocated ...
Mimaki Engineering Overhauls Executive Lineup to Strengthen Global Governance
Jun 24, 2026
Mimaki Engineering Co., Ltd. has announced a broad reshuffle of its executive officer lineup, effective July 1, 2026, confirming Kazuaki Ikeda as Representative Director, President and CEO and maintaining key C-suite roles such as CTO and CFO. The...
Mimaki Unveils FY2025 Results Materials and Hybrid UV Printer Strategy
May 27, 2026
Mimaki Engineering has presented materials for its FY2025 fourth-quarter and full-year financial results, alongside a forecast for the FY2026 business year, indicating ongoing disclosure around its performance and outlook. The company also outline...
Mimaki Engineering Reshapes Board Ahead of June 2026 Shareholders’ Meeting
May 26, 2026
Mimaki Engineering has announced planned changes to its board structure, with the appointment of Shuji Kitazawa, currently Executive General Manager of the Corporate Management Division, as a new director. In addition, outside director and certifi...
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.