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Kycom Holdings Co., Ltd. (9685) AI Stock Analysis

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JP:9685

Kycom Holdings Co., Ltd.

(TSE/TYO:9685)

Select Model
Rating:69Neutral
Price Target:JPY 627.00â–²(5.20% Upside)
Action:reiterated
Date:08/17/26

The score is driven mainly by solid financial performance (growth and improving leverage) and very attractive valuation (low P/E with a modest dividend). These positives are tempered by inconsistent cash-flow conversion and mixed/weak technical positioning versus longer-term moving averages.

Positive Factors
Steady Revenue and Earnings GrowthSustained revenue and net income growth indicates ongoing demand and operational continuity. The recent acceleration in revenue provides a durable foundation for earnings, although the pace remains moderate rather than high-growth.
Negative Factors
Weak Earnings-to-Cash ConversionLow operating-cash-flow coverage suggests reported profits are not consistently translating into cash. Persistent working-capital swings or timing effects could constrain internally funded investment and reduce confidence in earnings quality.

Kycom Holdings Co., Ltd. (9685) vs. iShares MSCI Japan ETF (EWJ)

-20%-10%0%10%20%30%JP:9685-5.99%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 3.03B
Dividend Yield
1.68%
Average Volume (3M)
2,996
Price to Earnings (P/E)
5.7
Beta (1Y)
0.57
Revenue Growth
5.31%
EPS Growth
13.31%
Country
Japan
Employees
899
Sector
Technology
Sector Strength
61
Industry
Software - Application

Kycom Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

Kycom Holdings Co., Ltd. specializes in a comprehensive range of information system services, encompassing their conceptualization, bespoke development, implementation, quality assurance, and ongoing support. The company offers various specialized IT...

How the Company Makes Money

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Kycom Holdings Co., Ltd. Financial Statement Overview

Summary

Fundamentals are broadly solid: steady revenue and net income growth and a strengthening balance sheet with declining leverage. The key drag is cash-flow quality—operating cash flow covers only a modest portion of earnings and free cash flow is volatile, with weaker FCF coverage in the latest year.

Income Statement

74Positive

Balance Sheet

78Positive

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue7.30B7.22B6.77B6.09B5.70B5.18B
Gross Profit1.54B1.53B1.44B1.34B1.30B1.09B
EBITDA836.80M959.13M836.47M743.53M703.12M664.20M
Net Income533.74M532.84M468.77M419.37M360.39M336.43M
Balance Sheet
Total Assets8.81B8.87B7.96B7.72B6.77B5.92B
Cash, Cash Equivalents and Short-Term Investments2.68B2.32B2.16B2.15B1.85B1.52B
Total Debt1.94B2.05B2.14B2.40B2.26B1.98B
Total Liabilities3.54B3.56B3.47B3.62B3.26B2.83B
Stockholders Equity5.27B5.32B4.49B4.10B3.51B3.09B
Cash Flow
Free Cash Flow0244.35M398.14M343.66M205.96M288.56M
Operating Cash Flow0598.19M519.84M659.69M506.79M337.78M
Investing Cash Flow0-296.30M-227.06M-469.79M-406.12M-87.91M
Financing Cash Flow0-159.49M-281.31M106.24M223.72M-201.73M

Kycom Holdings Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price596.00

Price Trends

50DMA573.44Positive
100DMA573.01Positive
200DMA602.72Negative

Market Momentum

MACD2.67Negative
RSI65.63Neutral
STOCH58.32Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9685, the sentiment is Positive. The current price of 596.00 is above the 20-day moving average (MA) of 575.05, above the 50-day MA of 573.44, and below the 200-day MA of 602.72, indicating a neutral trend. The MACD of 2.67 indicates Negative momentum. The RSI at 65.63 is Neutral, neither overbought nor oversold. The STOCH value of 58.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9685.

Kycom Holdings Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:9685 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3826JP:382682OutperformJPY 5.26B11.55―2.73%13.99%-36.97%
JP:5257JP:525769NeutralJPY 3.79B11.12―3.88%6.03%41.87%
JP:9685JP:968569NeutralJPY 3.03B5.67―1.68%5.31%13.31%
JP:5256JP:525667NeutralJPY 3.89B71.48――23.30%-70.98%
JP:5033JP:503366NeutralJPY 7.96B47.99――7.04%-67.36%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%

* Technology Sector Average

Performance Comparison

-20%0%20%40%60%JP:9685JP:3826JP:5033JP:5256JP:5257Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:9685 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9685Kycom Holdings Co., Ltd.596.00-33.05-5.25%
JP:3826System Integrator Corp.477.000.380.08%
JP:5033Nulab Inc.1228.00465.0060.94%
JP:5256Fusic Co.,Ltd.3015.00442.0017.18%
JP:5257NOVA SYSTEM CO.,LTD.2705.00-94.17-3.36%
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 17, 2026