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H.I.S.Co.
(9603)
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Rating:55Neutral
Price Target:
¥1,037.00
▼(-12.49% Downside)
Action:Reiterated
Date:09/17/26
The score is driven primarily by mixed financial performance: strong top-line growth and decent gross margin are offset by thin net profitability, high leverage, and weak/volatile free cash flow. Technicals are broadly neutral with a supportive intermediate trend but near-term softness. Valuation is constrained by a negative P/E, with only modest support from the dividend yield.
Positive Factors
Revenue Recovery
Revenue growth of 27.7% shows that H.I.S. is rebuilding demand and expanding its travel business after a difficult period. Sustained top-line recovery can improve operating leverage, support supplier negotiations, and provide a broader base for rebuilding profitability over the next several quarters.
Negative Factors
High Leverage
Debt-to-equity of 3.21 and an equity ratio of 14.5% leave H.I.S. reliant on borrowed capital relative to its asset base. This reduces financial flexibility, increases sensitivity to earnings volatility, and may constrain investment or balance-sheet repair during weaker travel periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
Revenue growth of 27.7% shows that H.I.S. is rebuilding demand and expanding its travel business after a difficult period. Sustained top-line recovery can improve operating leverage, support supplier negotiations, and provide a broader base for rebuilding profitability over the next several quarters.
Read all positive factors
H.I.S.Co. (9603) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥75.57B
Dividend Yield2.45%
Average Volume (3M)413.12K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue Growth3.76%
EPS Growth-130.99%
CountryJP
Employees10,804
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Services
Share Statistics
EPS (TTM)-27.43
Shares Outstanding79,860,940
10 Day Avg. Volume525,850
30 Day Avg. Volume413,123
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)1.75
Price to Sales (P/S)0.26
P/FCF Ratio6.95
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)-18.7
Revenue Forecast (FY)¥390.87B
H.I.S.Co. Business Overview & Revenue Model
Company Description
H.I.S. Co., Ltd. is involved in the arrangement, planning, and sales of overseas and domestic travel, as well as related businesses in Japan, the United States, the rest of Asia, Oceania, Europe, the Middle East, and Africa. The company operates t...
How the Company Makes Money
H.I.S. primarily makes money by selling travel products and services to consumers and businesses. Key revenue streams typically include (1) packaged tours and custom travel arrangements where H.I.S. earns a margin between supplier costs (airlines,...
H.I.S.Co. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
55
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 386.08B | 373.11B | 343.33B | 251.87B | 142.79B | 118.56B |
| Gross Profit | 119.22B | 117.97B | 110.62B | 82.74B | 28.26B | 16.38B |
| EBITDA | 18.82B | 20.68B | 22.37B | 11.95B | 6.95B | -36.42B |
| Net Income | -2.05B | 4.72B | 8.72B | -2.62B | -11.50B | -50.05B |
Balance Sheet | ||||||
| Total Assets | 404.06B | 386.33B | 412.20B | 440.96B | 414.79B | 412.29B |
| Cash, Cash Equivalents and Short-Term Investments | 116.90B | 113.93B | 138.17B | 157.59B | 145.01B | 101.42B |
| Total Debt | 177.70B | 179.07B | 211.86B | 266.15B | 276.75B | 277.36B |
| Total Liabilities | 338.05B | 319.12B | 349.85B | 391.22B | 366.55B | 348.14B |
| Stockholders Equity | 54.00B | 55.84B | 52.25B | 40.75B | 39.59B | 40.78B |
Cash Flow | ||||||
| Free Cash Flow | 16.34B | 14.06B | 21.05B | 24.59B | -23.83B | -44.96B |
| Operating Cash Flow | 19.85B | 21.22B | 29.25B | 31.07B | -14.91B | -28.40B |
| Investing Cash Flow | -7.15B | -11.14B | 45.61B | -46.39B | 53.52B | -7.09B |
| Financing Cash Flow | -20.85B | -36.33B | -55.16B | -11.79B | 5.46B | 40.71B |
H.I.S.Co. Technical Analysis
Negative
1185.00
Price Trends
1090.92
Negative
1042.97
Negative
1087.34
Negative
Market Momentum
-19.24
Positive
42.13
Neutral
-11.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9603, the sentiment is Negative. The current price of 1185 is above the 20-day moving average (MA) of 1040.68, above the 50-day MA of 1090.92, and above the 200-day MA of 1087.34, indicating a bearish trend. The MACD of -19.24 indicates Positive momentum. The RSI at 42.13 is Neutral, neither overbought nor oversold. The STOCH value of -11.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9603.
H.I.S.Co. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥5.20T | 38.33 | 12.16% | 0.47% | 5.56% | 6.84% | |
69 Neutral | ¥16.05B | 18.69 | ― | 1.49% | 3.63% | 10.51% | |
62 Neutral | ¥356.83B | 19.55 | 20.75% | 1.41% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | ¥75.57B | -38.50 | -3.56% | 2.45% | 3.76% | -130.99% | |
55 Neutral | ¥116.10B | 38.21 | ― | 1.32% | 47.16% | 21.05% | |
45 Neutral | ¥52.60B | 17.02 | ― | 0.74% | 10.11% | ― |
* Consumer Cyclical Sector Average
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H.I.S.Co. Corporate Events
H.I.S. Co., Ltd. Completes ¥2.5 Billion Share Buyback Program
Oct 1, 2026
H.I.S. Co., Ltd. has completed a share buyback program authorized by its board of directors on July 31, 2026, purchasing a total of 2,175,300 shares of common stock on the Tokyo Stock Exchange. The aggregate purchase price reached 2,499,964,792 ye...
H.I.S. Posts Interim Loss But Keeps Full-Year Forecast and Dividend Outlook
Sep 30, 2026
H.I.S. reported consolidated net sales of ¥279.3 billion for the nine months ended July 31, 2026, up 4.9% year on year, but operating and ordinary profits declined and the company posted a net loss of ¥4.99 billion, reversing the prior-y...
H.I.S. to Acquire RADO Travel Service, Expanding Regional Bus Tour Business
Sep 11, 2026
H.I.S. Co., Ltd. will acquire 100 percent of RADO Travel Service Co., Ltd. from Adventure, Inc. to make the Osaka-based travel operator a wholly owned subsidiary. The move aligns with H.I.S.’s Vision 2030 strategy to transform core operation...
H.I.S. Posts Nine-Month Loss But Keeps Full-Year Outlook Intact
Sep 11, 2026
H.I.S. Co., Ltd. reported nine-month net sales of ¥279.3 billion, up 4.9% year on year, but operating and ordinary profits declined and the company fell into a net loss of ¥4.99 billion, reversing the prior-year profit. Total assets rose...
H.I.S. Advances Share Buyback, Repurchasing 888,000 Shares
Sep 8, 2026
H.I.S. Co., Ltd. has moved ahead with a previously approved share buyback program, repurchasing 888,000 shares of its common stock on the Tokyo Stock Exchange between August 4 and August 31, 2026, for a total of about 1.01 billion yen. The purchas...
H.I.S. Subsidiary Jonview to Acquire U.S. Inbound Operator American Ring Travel
Aug 28, 2026
H.I.S. Co., Ltd. has approved a plan for its consolidated subsidiary Jonview Inc. to acquire 100 percent of American Ring Travel, Inc., a California-based inbound travel operator established in 1983. The acquisition will be executed via a share tr...
H.I.S. Sharply Expands Shareholder Benefits to Reward Long-Term Investors
Jul 31, 2026
H.I.S. Co., Ltd. has approved a major expansion of its shareholder benefit program aimed at boosting the investment appeal of its stock and promoting medium- to long-term shareholding. The company will increase benefit tiers from three to five, ra...
H.I.S. Launches ¥2.5 Billion Share Buyback to Boost Capital Efficiency
Jul 31, 2026
H.I.S. Co., Ltd. has approved a new share buyback program to acquire up to 3,000,000 shares of its common stock, equivalent to about 4.01 percent of its issued shares excluding existing treasury stock. The purchases, capped at 2.5 billion yen, wil...
H.I.S. Clarifies Counterparties in Fixed Asset Transfer Agreement
Jul 31, 2026
H.I.S. Co., Ltd. announced amendments to its previously disclosed plan to transfer fixed assets, confirming that the transfer agreement has now been signed with updated terms. At the buyer’s request, the company revised the list of transfere...
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.