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Musashino Kogyo Co., Ltd. (9635) AI Stock Analysis
Musashino Kogyo Co., Ltd.
(TSE/TYO:9635)
The score is driven mainly by solid balance sheet quality and attractive valuation (low P/E), which help offset business volatility. The biggest limiter is weak and inconsistent cash generation—operating and free cash flow turned negative in 2026—alongside uneven revenue and earnings consistency. Technicals are moderately supportive with price holding above key moving averages and positive MACD.
Musashino Kogyo Co., Ltd. (9635) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 2.42B
- Dividend Yield
- ―
- Average Volume (3M)
- 443
- Price to Earnings (P/E)
- 6.6
- Beta (1Y)
- 0.15
- Revenue Growth
- -2.77%
- EPS Growth
- 528.67%
- Country
- Japan
- Employees
- 43
- Sector
- General
- Sector Strength
- 55
- Industry
- Real Estate - Services
Musashino Kogyo Co., Ltd. Business Overview & Revenue Model
Company Description
Musashino Kogyo Co., Ltd. is a diversified Japanese corporation with core activities in the film entertainment, real estate, and broader commercial sectors. Its operations are organized into four main divisions: Film Business, Property Business, Driv...
How the Company Makes Money
The company primarily generates revenue from (1) cinema operations: ticket sales for movie screenings and related in-theater sales (e.g., concessions such as food and beverages) associated with operating movie theaters; and (2) real-estate-related in...
Musashino Kogyo Co., Ltd. Financial Statement Overview
Summary
Strong balance sheet strength (low leverage and improving debt-to-equity) supports stability, but operating performance is uneven: revenue has been choppy and earnings have been volatile despite a sharp net margin improvement in 2026. Cash flow is the main concern, with operating cash flow and free cash flow turning negative in 2026, reducing confidence in earnings quality and cash conversion.
Income Statement
64PositiveBalance Sheet
78PositiveCash Flow
41Neutral| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 964.25M | 1.33B | 1.36B | 1.28B | 1.38B | 1.29B |
| Gross Profit | 557.53M | 731.36M | 680.36M | 633.39M | 734.27M | 687.39M |
| EBITDA | 515.99M | 156.42M | 154.81M | 87.19M | 103.44M | 143.83M |
| Net Income | 365.03M | 360.38M | 64.96M | 4.67M | 40.58M | 50.01M |
Balance Sheet | ||||||
| Total Assets | 6.32B | 6.34B | 6.07B | 5.98B | 5.95B | 5.99B |
| Cash, Cash Equivalents and Short-Term Investments | 1.20B | 1.17B | 861.28M | 758.32M | 743.27M | 759.25M |
| Total Debt | 251.63M | 265.12M | 317.69M | 345.02M | 347.44M | 411.26M |
| Total Liabilities | 2.33B | 2.36B | 2.46B | 2.40B | 2.38B | 2.45B |
| Stockholders Equity | 3.99B | 3.98B | 3.62B | 3.58B | 3.58B | 3.54B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -122.24M | 131.81M | 16.80M | 48.99M | 13.48M |
| Operating Cash Flow | 0 | -4.84M | 200.09M | 41.57M | 91.95M | 65.56M |
| Investing Cash Flow | 0 | 366.00M | -69.37M | -20.39M | -44.10M | -47.15M |
| Financing Cash Flow | 0 | -52.79M | -27.76M | -6.18M | -63.87M | -94.58M |
Musashino Kogyo Co., Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9635, the sentiment is Negative. The current price of 2311.00 is below the 20-day moving average (MA) of 2441.55, below the 50-day MA of 2514.68, and below the 200-day MA of 2526.95, indicating a bearish trend. The MACD of -53.01 indicates Positive momentum. The RSI at 13.74 is Positive, neither overbought nor oversold. The STOCH value of 6.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9635.
Musashino Kogyo Co., Ltd. Peers Comparison
Overall Rating
JP:899672Outperform
JP:894469Neutral
JP:934266Neutral- JP:963565Neutral
JP:325260Neutral
JP:899957Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:8996 | 72Outperform | JPY 4.48B | 4.60 | ― | 5.00% | 18.08% | 89.27% |
| JP:8944 | 69Neutral | JPY 5.02B | 2.78 | ― | 2.38% | 65.37% | ― |
| JP:9342 | 66Neutral | JPY 1.97B | 44.14 | ― | ― | -2.19% | -75.24% |
| JP:9635 | 65Neutral | JPY 2.48B | 6.63 | ― | ― | -2.77% | 528.67% |
| JP:3252 | 60Neutral | JPY 57.05B | 8.23 | ― | 4.69% | 36.85% | 83.36% |
| JP:8999 | 57Neutral | JPY 15.94B | 12.57 | ― | 5.95% | 0.90% | 84.14% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:9635 | Musashino Kogyo Co., Ltd. | 2311.00 | 147.00 | 6.79% | |
| JP:3252 | JINUSHI Co.,Ltd. | 2663.00 | -83.31 | -3.03% | |
| JP:8944 | Land Business Co., Ltd. | 252.00 | 25.50 | 11.26% | |
| JP:8996 | HouseFreedom Co., Ltd. | 1101.00 | 194.07 | 21.40% | |
| JP:8999 | Grandy House Corporation | 538.00 | 1.70 | 0.32% | |
| JP:9342 | Sumasapo, Inc. | 810.00 | -310.00 | -27.68% |
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 18, 2026