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Musashino Kogyo Co., Ltd.
(9635)
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Rating:65Neutral
Price Target:
¥2,747.00
▲(22.14% Upside)
Action:Reiterated
Date:08/18/26
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.
Positive Factors
Conservative Balance Sheet
Low leverage and a substantial equity base provide financial resilience, reduce dependence on external funding, and give the company flexibility to manage fluctuations in cinema demand and real-estate operations.
Negative Factors
Weak Cash Conversion
Negative operating and free cash flow weaken confidence that reported earnings are converting into liquidity. Persistent working-capital swings or spending needs could constrain reinvestment, distributions, and financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a substantial equity base provide financial resilience, reduce dependence on external funding, and give the company flexibility to manage fluctuations in cinema demand and real-estate operations.
Read all positive factors
Musashino Kogyo Co., Ltd. (9635) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.67B
Dividend YieldN/A
Average Volume (3M)1.27K
Price to Earnings (P/E)7.3
Beta (1Y)0.10
Revenue Growth-2.77%
EPS Growth528.67%
CountryJP
Employees43
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)348.93
Shares Outstanding1,050,000
10 Day Avg. Volume810
30 Day Avg. Volume1,266
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.66
Price to Sales (P/S)1.98
P/FCF Ratio-21.56
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)N/A
Revenue Forecast (FY)N/A
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, D...
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...
Musashino Kogyo Co., Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
41
Neutral
| 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 | 0.00 | -122.24M | 131.81M | 16.80M | 48.99M | 13.48M |
| Operating Cash Flow | 0.00 | -4.84M | 200.09M | 41.57M | 91.95M | 65.56M |
| Investing Cash Flow | 0.00 | 366.00M | -69.37M | -20.39M | -44.10M | -47.15M |
| Financing Cash Flow | 0.00 | -52.79M | -27.76M | -6.18M | -63.87M | -94.58M |
Musashino Kogyo Co., Ltd. Technical Analysis
Positive
2249.00
Price Trends
2539.48
Positive
2540.07
Positive
2455.99
Positive
Market Momentum
3.61
Positive
52.01
Neutral
26.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9635, the sentiment is Positive. The current price of 2249 is below the 20-day moving average (MA) of 2550.50, below the 50-day MA of 2539.48, and below the 200-day MA of 2455.99, indicating a bullish trend. The MACD of 3.61 indicates Positive momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 26.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9635.
Musashino Kogyo Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥4.48B | 4.63 | ― | 0.50% | 18.08% | 89.27% | |
70 Outperform | ¥2.26B | 54.22 | ― | ― | -2.19% | -75.24% | |
65 Neutral | ¥2.67B | 7.32 | ― | ― | -2.77% | 528.67% | |
64 Neutral | ¥4.82B | 2.67 | ― | 2.51% | 65.37% | ― | |
60 Neutral | ¥64.82B | 9.22 | ― | 2.89% | 36.85% | 83.36% | |
57 Neutral | ¥17.12B | 13.52 | ― | 5.27% | 0.90% | 84.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9635
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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.