Koyosha Inc. (7946) AI Stock Analysis

• Market Cap: ¥1.18B
• Dividend Yield: 1.97%
• Average Volume (3M): 9.43K
• Price to Earnings (P/E): 21.9
• Beta (1Y): 1.06
• Revenue Growth: 3.75%
• EPS Growth: -61.56%
• Country: JP
• Employees: 181
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): -7.59
• Shares Outstanding: 850,100
• 10 Day Avg. Volume: 1,840
• 30 Day Avg. Volume: 9,433
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥1,947.00
• Price Target Upside: 12.54% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: ¥1,947.00 ▲(12.54% Upside)

Koyosha Inc.'s stock score is primarily influenced by its solid financial stability and revenue growth, despite challenges in profitability and cash flow. Technical indicators suggest weak momentum, and the valuation is moderate, providing a balanced view of potential risks and opportunities.

Koyosha Inc. Business Overview & Revenue Model

Company Description

Koyosha Inc. engages in the planning, design, DTP, plate making, printing, digital content production, display, on-demand POP, and novelty production in Japan. The company provides wide color gamut printing, image correction, photo retouching, e-book creation service, 3D photography service, digital proofing machine, UV and solvent inkjet printing, banana paper/inkjet media, antibacterial/antivirus/deodorant functional inkjet media, functionality antibacterial varnish printing, and creators picture book services. It also offers offset and on-demand digital printing, and processing and binding services; DTP support services, such as scanning, film output for platemaking, CTP plate output, color proofreading, data production, editing, design production, and e-book production; large format inkjet output, display post-processing, changing 3D panel, cutting sheet, and copy and print services; and CD-ROM, DVD-ROM Press, CD-R, DVD-R copy, and other processing services. Koyosha Inc. was incorporated in 1949 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Koyosha Inc. generates revenue through the sale of its printing equipment, consumables, and related services. The company's primary revenue streams include the manufacturing and distribution of printing plates, inks, and printing machinery to commercial printers and industrial clients. Additionally, Koyosha may engage in maintenance services and support contracts for its machinery, providing an ongoing source of income. Strategic partnerships with other industry players and technological innovation contribute to Koyosha's ability to maintain a competitive edge and enhance its earnings potential.

Koyosha Inc. Financial Statement Overview

Summary

Koyosha Inc. shows positive revenue growth and strong balance sheet stability with low leverage and a solid equity base. However, profitability challenges and negative free cash flow highlight the need for improved operational efficiencies and cash flow management.

Income Statement

Koyosha Inc. demonstrated a steady revenue growth rate of 5.2% from 2024 to 2025 and a 4.5% increase from 2023 to 2024, highlighting a positive growth trajectory. The gross profit margin remained healthy at approximately 21.5% in 2025, though there was a decline in net profit margin from 3.3% in 2024 to 1.3% in 2025, indicating some pressure on profitability. EBIT and EBITDA margins in 2025 were modest at 1.3% and 5.6% respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio improved to 0.24 in 2025, reflecting strong financial stability and low leverage. Return on Equity (ROE) declined to 3.4% in 2025 from 7.5% in 2024, due to decreased net income. The equity ratio stood strong at 56.2% in 2025, indicating a solid capital structure with sufficient equity backing.

Cash Flow

Operating cash flow decreased significantly to ¥14.1 million in 2025 from ¥217.95 million in 2024, impacting cash flow stability. Free cash flow turned negative at -¥78.5 million in 2025, reflecting increased capital expenditures. The operating cash flow to net income ratio dropped to 0.23 in 2025 from 1.49 in 2024, indicating reduced cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.73B	4.73B	4.49B	4.30B	4.06B	3.83B
Gross Profit	1.01B	1.01B	981.83M	874.96M	797.08M	662.88M
EBITDA	209.34M	265.68M	323.13M	221.59M	186.59M	103.58M
Net Income	59.82M	60.69M	146.46M	58.36M	33.80M	-112.23M
Balance Sheet
Total Assets	3.18B	3.18B	3.50B	3.59B	4.07B	4.20B
Cash, Cash Equivalents and Short-Term Investments	1.01B	1.01B	1.27B	1.27B	1.81B	1.75B
Total Debt	433.51M	433.51M	352.86M	514.00M	585.73M	661.89M
Total Liabilities	1.39B	1.39B	1.54B	1.77B	2.32B	1.97B
Stockholders Equity	1.79B	1.79B	1.96B	1.82B	1.76B	2.23B
Cash Flow
Free Cash Flow	0.00	-78.50M	-675.00K	29.66M	137.37M	130.13M
Operating Cash Flow	0.00	14.13M	217.95M	58.29M	179.97M	202.34M
Investing Cash Flow	0.00	-77.00M	97.63M	-124.34M	-103.26M	-60.12M
Financing Cash Flow	0.00	-148.57M	-161.21M	-566.96M	-76.54M	181.25M

Koyosha Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1730.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7946, the sentiment is Neutral. The current price of 1730 is below the 20-day moving average (MA) of 1836.60, below the 50-day MA of 1963.54, and above the 200-day MA of 1540.87, indicating a neutral trend. The MACD of -41.89 indicates Positive momentum. The RSI at 41.85 is Neutral, neither overbought nor oversold. The STOCH value of 19.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7946.

Koyosha Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7811	83 Outperform	17.32B	8.52	10.41%	3.50%	10.92%	170.02%
7914	76 Outperform	50.88B	11.00	6.36%	4.83%	1.93%	202.39%
7987	73 Outperform	15.79B	6.90	6.94%	3.60%	2.83%	124.03%
7919	68 Neutral	3.57B	7.12	11.85%	3.61%	2.39%	-8.65%
7946	63 Neutral	¥1.18B	21.91	―	1.97%	3.75%	-61.56%
7916	60 Neutral	4.78B	29.68	0.40%	3.20%	-0.55%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%