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Koyosha Inc. (7946) AI Stock Analysis

JP:7946

Koyosha Inc.

(TSE/TYO:7946)

Select Model
Rating:66Neutral
Price Target:JPY 379.00â–²(11.47% Upside)
Action:downgraded
Date:08/21/26

Koyosha Inc. earns a moderate overall score, anchored by its highly resilient balance sheet and attractive valuation metrics, including a reliable 3.12% dividend yield. However, the stock is currently weighed down by significant bearish technical momentum across all timeframes and underlying risks associated with historical cash flow volatility.

Positive Factors
Revenue and Profit TurnaroundThe shift from losses in 2021–2022 to positive operating profit through 2026 indicates a meaningful earnings turnaround. Continued revenue growth provides a durable base for further improvement, although the still-thin margins mean execution remains important.
Negative Factors
Volatile Cash ConversionUneven operating and free cash flow makes earnings-to-cash conversion less dependable and can constrain funding flexibility during weaker periods. The 2026 rebound is encouraging, but the recent pattern shows that cash generation has not yet become consistently reliable.

Koyosha Inc. (7946) vs. iShares MSCI Japan ETF (EWJ)

-25%0%25%50%75%100%125%JP:7946-14.10%EWJ+17.00%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 808.87M
Dividend Yield
2.94%
Average Volume (3M)
10.37K
Price to Earnings (P/E)
12.9
Beta (1Y)
1.72
Revenue Growth
1.06%
EPS Growth
57.57%
Country
Japan
Employees
172
Sector
General
Sector Strength
55
Industry
Specialty Business Services

Koyosha Inc. Business Overview & Revenue Model

Company Description

Established in Tokyo, Japan, in 1949, Koyosha Inc. provides a wide array of services across the print and digital content industries within the country. Its operations cover the full spectrum from initial planning and design, through desktop publishi...

Koyosha Inc. Financial Statement Overview

Summary

Koyosha presents a solid financial profile driven by a strong, deleveraged balance sheet and steady revenue growth. While recent periods show a rebound in operating and free cash flows, thin net margins and historical cash flow volatility warrant some caution.

Income Statement

72Positive

Balance Sheet

85Very Positive

Cash Flow

68Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue4.76B4.83B4.73B4.49B4.30B4.06B
Gross Profit1.06B1.07B1.01B981.83M874.96M797.08M
EBITDA245.97M274.73M265.68M323.13M221.59M186.59M
Net Income66.21M84.09M60.69M146.46M58.36M33.80M
Balance Sheet
Total Assets2.84B3.00B3.18B3.50B3.59B4.07B
Cash, Cash Equivalents and Short-Term Investments971.24M1.04B1.01B1.27B1.27B1.81B
Total Debt328.69M348.16M433.51M352.86M514.00M585.73M
Total Liabilities1.09B1.18B1.39B1.54B1.77B2.32B
Stockholders Equity1.75B1.82B1.79B1.96B1.82B1.76B
Cash Flow
Free Cash Flow094.50M-78.50M-3,00033.44M167.15M
Operating Cash Flow0138.79M14.13M217.95M58.29M179.97M
Investing Cash Flow023.91M-77.00M97.63M-124.34M-103.26M
Financing Cash Flow0-153.78M-148.57M-161.21M-566.96M-76.54M

Koyosha Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price340.00

Price Trends

50DMA351.80Negative
100DMA353.31Negative
200DMA413.76Negative

Market Momentum

MACD-2.42Positive
RSI41.48Neutral
STOCH5.56Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7946, the sentiment is Negative. The current price of 340.00 is below the 20-day moving average (MA) of 349.50, below the 50-day MA of 351.80, and below the 200-day MA of 413.76, indicating a bearish trend. The MACD of -2.42 indicates Positive momentum. The RSI at 41.48 is Neutral, neither overbought nor oversold. The STOCH value of 5.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7946.

Koyosha Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:7946 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:7914JP:791473OutperformJPY 42.68B10.64―4.82%-1.79%10.53%
JP:7946JP:794666NeutralJPY 854.09M12.94―2.94%1.06%57.57%
JP:3948JP:394863NeutralJPY 6.73B17.29―4.27%1.99%114.51%
JP:7916JP:791657NeutralJPY 5.60B31.21―2.73%-3.93%11.47%
JP:7919JP:791956NeutralJPY 3.56B5.37―3.72%-1.46%43.56%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:3958JP:395853NeutralJPY 3.18B15.66―3.62%-2.64%-19.41%

* General Sector Average

Performance Comparison

0%50%100%JP:7946JP:3948JP:3958JP:7914JP:7916JP:7919Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:7946 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:7946Koyosha Inc.340.00-35.48-9.45%
JP:3948Hikari Business Form Co., Ltd.1171.00-47.09-3.87%
JP:3958Sasatoku Printing Co.,Ltd.552.007.251.33%
JP:7914Kyodo Printing Co., Ltd.1661.00226.7315.81%
JP:7916Mitsumura Printing Co., Ltd.1829.00355.1724.10%
JP:7919Nozaki Insatsu Shigyo Co., Ltd.207.0022.7312.33%
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 21, 2026