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OKAMURA CORP
(7994)
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Rating:73Outperform
Price Target:
¥2,582.00
▲(12.60% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by above-average financial quality (solid margins and low leverage) and strong valuation support (low P/E and high dividend yield). These positives are tempered by weak near-term growth signals (sharply negative TTM revenue growth), historical cash-flow inconsistency, and a neutral technical backdrop with the price below longer-term moving averages.
Positive Factors
Margin Stability
Sustained gross and operating margins imply the business retains pricing power and operational efficiency across product and installation work. Durable margin levels support reinvestment, stable cash generation and the ability to fund dividends or capex during normal demand cycles over the next several months.
Negative Factors
Weak Revenue Trend
A sharply negative trailing revenue trend signals weakening end-market demand or lost project volumes, which can erode scale economics and make margin maintenance harder. Over a 2–6 month horizon this threatens order flow, pricing leverage and the visibility needed to plan installations and project staffing.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Stability
Sustained gross and operating margins imply the business retains pricing power and operational efficiency across product and installation work. Durable margin levels support reinvestment, stable cash generation and the ability to fund dividends or capex during normal demand cycles over the next several months.
Read all positive factors
OKAMURA CORP (7994) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥235.13B
Dividend Yield4.38%
Average Volume (3M)181.61K
Price to Earnings (P/E)10.8
Beta (1Y)0.56
Revenue Growth3.30%
EPS Growth4.99%
CountryJP
Employees6,082
SectorGeneral
Sector StrengthN/A
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)218.77
Shares Outstanding100,621,020
10 Day Avg. Volume187,430
30 Day Avg. Volume181,606
Financial Highlights & Ratios
PEG Ratio6.28
Price to Book (P/B)1.14
Price to Sales (P/S)0.71
P/FCF Ratio12.11
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)232.17
Revenue Forecast (FY)¥346.10B
OKAMURA CORP Business Overview & Revenue Model
Company Description
Headquartered in Yokohama, Japan, Okamura Corporation and its various subsidiaries are involved in the manufacturing, sales, distribution, and installation of a broad spectrum of products across Japan. Their core business encompasses office furnis...
How the Company Makes Money
OKAMURA makes money primarily by selling products and delivering installation-based solutions across its major businesses. A core revenue stream is office furniture, where revenue is generated from the sale of chairs, desks, workstations, partitio...
OKAMURA CORP Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 327.62B | 329.03B | 314.53B | 298.30B | 277.01B | 261.18B |
| Gross Profit | 112.34B | 111.33B | 103.21B | 97.42B | 86.64B | 81.40B |
| EBITDA | 36.43B | 37.84B | 37.57B | 36.24B | 29.54B | 27.56B |
| Net Income | 20.71B | 22.42B | 22.05B | 20.28B | 15.91B | 14.99B |
Balance Sheet | ||||||
| Total Assets | 294.68B | 301.88B | 296.12B | 298.34B | 260.63B | 253.55B |
| Cash, Cash Equivalents and Short-Term Investments | 41.91B | 32.73B | 26.25B | 39.17B | 39.02B | 39.95B |
| Total Debt | 30.37B | 30.02B | 36.86B | 21.26B | 21.75B | 22.81B |
| Total Liabilities | 88.50B | 95.78B | 109.32B | 123.54B | 107.93B | 109.43B |
| Stockholders Equity | 204.28B | 204.13B | 185.14B | 172.35B | 150.76B | 142.63B |
Cash Flow | ||||||
| Free Cash Flow | 24.40B | 19.27B | -15.47B | 5.58B | 1.12B | 91.00M |
| Operating Cash Flow | 32.13B | 27.22B | 983.00M | 21.35B | 13.49B | 5.33B |
| Investing Cash Flow | 332.00M | -5.36B | -14.27B | -12.21B | -6.63B | -2.26B |
| Financing Cash Flow | -24.90B | -16.16B | -209.00M | -8.23B | -9.51B | -8.61B |
OKAMURA CORP Technical Analysis
Positive
2293.00
Price Trends
2301.08
Positive
2350.42
Positive
2352.55
Positive
Market Momentum
16.83
Negative
57.00
Neutral
72.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7994, the sentiment is Positive. The current price of 2293 is below the 20-day moving average (MA) of 2333.65, below the 50-day MA of 2301.08, and below the 200-day MA of 2352.55, indicating a bullish trend. The MACD of 16.83 indicates Negative momentum. The RSI at 57.00 is Neutral, neither overbought nor oversold. The STOCH value of 72.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7994.
OKAMURA CORP Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥1.16T | 11.15 | 9.32% | 2.45% | 6.72% | 116.46% | |
78 Outperform | ¥772.57B | 17.11 | 11.37% | 2.52% | 2.52% | 23.69% | |
77 Outperform | ¥390.22B | 17.31 | 8.43% | 2.95% | 9.28% | 17.72% | |
73 Outperform | ¥235.13B | 10.80 | ― | 3.99% | 3.30% | 4.99% | |
67 Neutral | ¥328.70B | 10.58 | 6.00% | 1.86% | 0.20% | ― | |
66 Neutral | ¥962.09B | 11.60 | 5.05% | 2.78% | 4.85% | 76.75% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:7994
OKAMURA CORP
2,359.00
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3.36%
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29.27%
OKAMURA CORP Corporate Events
Okamura Completes Treasury Share Disposal for Restricted Stock Compensation
Aug 7, 2026
Okamura Corporation has completed payment procedures for the disposal of 36,628 shares of its treasury stock to be used as restricted stock compensation. The transaction, approved by the board on July 10, 2026, involved common shares priced at 2,2...
Okamura posts higher profits but lower earnings as full-year outlook signals margin pressure
Aug 7, 2026
Okamura Corporation reported consolidated net sales of ¥74.0 billion for the three months ended June 30, 2026, down 1.9% year on year, while operating profit rose 10.0% to ¥3.4 billion and ordinary profit increased 7.8% to ¥4.2 bill...
Okamura to Dispose Treasury Shares for Long-Term Restricted Stock Plan
Jul 10, 2026
Okamura Corporation is a Japan-based manufacturer listed on the Prime Market of the Tokyo Stock Exchange under securities code 7994. The company operates in the office furniture and equipment industry, focusing on workspace solutions and related p...
Okamura Elevates IT Strategy Chief to Executive Officer and CDIO
Jun 24, 2026
Okamura Corporation announced a change in its executive leadership structure following a Board of Directors resolution on June 24, 2026. Effective July 1, 2026, Yujiro Urakami has been newly appointed as Executive Officer, Senior General Manager o...
Okamura to Dissolve Two Manufacturing Subsidiaries in Production Overhaul
Jun 24, 2026
Okamura Corporation has resolved to dissolve and liquidate two wholly owned consolidated subsidiaries, Sanyo Okamura Corporation and Sunahata Co., Ltd., which manufacture steel furniture, store fixtures and commercial facility fixtures. The move f...
Okamura Sets 2035 Vision and 2028 Mid-Term Plan With Aggressive Profit Targets and Segment Rebrand
May 29, 2026
Okamura has unveiled a long-term vision, “Beyond Breakthrough 2035,” and a Mid-term Management Plan 2028 covering fiscal years through March 2029, positioning itself as a demand-creating, human-oriented company that builds environments...
Okamura Revises First-Half Forecast Figures Without Changing Full-Year Outlook
May 11, 2026
Okamura Corporation has issued a correction to its previously disclosed consolidated financial results for the fiscal year ended March 31, 2026, after discovering errors in the numerical reference sources used for its first-half forecast for the y...
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.