Makiya Co., Ltd. (9890) AI Stock Analysis

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Makiya Co., Ltd.

(TSE/TYO:9890)

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Rating:69Neutral

Price Target:JPY 1,529.00▲(8.75% Upside)

Action:reiterated

Date:08/28/26

The score is primarily supported by steady financials with conservative leverage and an attractive valuation (low P/E with a dividend). This is tempered by thin operating margins and volatile free cash flow, while technicals remain constructive but are approaching overbought levels, which may limit near-term momentum.

Positive Factors

Steady Revenue GrowthConsistent, modest revenue expansion indicates durable customer demand and gradual scale gains. For a physical retailer, sustained growth supports purchasing efficiency and helps spread fixed store and logistics costs over a broader sales base.

Negative Factors

Thin Profit MarginsVery thin margins leave limited protection against wage, logistics, rent or merchandise-cost inflation. Even modest operating pressure can materially reduce earnings, making sustained profitability dependent on tight purchasing and store-cost control.

Makiya Co., Ltd. (9890) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 10.04B
Dividend Yield: 2.42%
Average Volume (3M): 8,652
Price to Earnings (P/E): 8.0
Beta (1Y): 0.46
Revenue Growth: 4.41%
EPS Growth: 15.29%
Country: Japan
Employees: 503
Sector: General
Sector Strength: 55
Industry: Grocery Stores

Makiya Co., Ltd. Business Overview & Revenue Model

Company Description

Makiya Co., Ltd. is a Japanese enterprise primarily engaged in the wholesale and retail distribution of various household goods. The company manages a diverse portfolio of retail outlets, including its "Espot" discount stores, which offer a wide arra...

How the Company Makes Money

Makiya Co., Ltd. makes money mainly through retail sales to consumers at its physical stores. Revenue is generated when the company purchases merchandise from suppliers/wholesalers and sells it to end customers at a markup, with sales volumes driven...

Makiya Co., Ltd. Financial Statement Overview

Summary

Overall fundamentals look steady: modest revenue growth, consistently positive earnings, and a generally conservative balance sheet. Offsetting this are structurally thin grocery margins and volatile free cash flow (notably weaker in the latest year), plus some missing/inconsistent latest-period fields that reduce confidence in trend interpretation.

Income Statement

62Positive

Balance Sheet

71Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	94.82B	93.67B	89.45B	77.33B	71.58B	69.20B
Gross Profit	22.47B	22.24B	21.72B	17.85B	16.82B	16.32B
EBITDA	4.08B	4.03B	3.85B	3.44B	3.08B	3.00B
Net Income	1.39B	1.47B	1.50B	1.45B	1.19B	1.33B
Balance Sheet
Total Assets	43.42B	40.84B	40.52B	38.54B	33.86B	32.52B
Cash, Cash Equivalents and Short-Term Investments	4.76B	3.40B	4.46B	3.96B	2.36B	1.24B
Total Debt	6.37B	5.75B	6.27B	6.79B	5.33B	5.32B
Total Liabilities	20.68B	18.44B	19.73B	19.17B	16.08B	15.81B
Stockholders Equity	22.74B	22.40B	20.80B	19.37B	17.78B	16.72B
Cash Flow
Free Cash Flow	0	78.17M	1.76B	2.73B	1.68B	99.34M
Operating Cash Flow	0	3.03B	3.10B	3.78B	2.54B	1.73B
Investing Cash Flow	0	-2.55B	-1.37B	-2.89B	-864.63M	-1.95B
Financing Cash Flow	0	-1.64B	-1.23B	700.91M	-556.83M	-1.41B

Makiya Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price1406.00

Price Trends

50DMA1398.76Positive

100DMA1363.35Positive

200DMA1294.58Positive

Market Momentum

MACD-7.28Negative

RSI54.66Neutral

STOCH61.06Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9890, the sentiment is Positive. The current price of 1406.00 is above the 20-day moving average (MA) of 1374.85, above the 50-day MA of 1398.76, and above the 200-day MA of 1294.58, indicating a bullish trend. The MACD of -7.28 indicates Negative momentum. The RSI at 54.66 is Neutral, neither overbought nor oversold. The STOCH value of 61.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9890.

Makiya Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:9890 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:4380	90Outperform	JPY 6.10B	12.64	―	3.98%	7.25%	20.99%
JP:7643	72Outperform	JPY 18.07B	17.14	―	2.54%	8.75%	-8.40%
JP:9993	70Outperform	JPY 12.48B	10.40	―	2.36%	-2.31%	―
JP:9890	69Neutral	JPY 10.08B	8.00	―	2.42%	4.41%	15.29%
JP:7515	59Neutral	JPY 4.25B	21.09	―	0.66%	2.59%	197.33%
JP:9823	59Neutral	JPY 50.33B	8.68	―	2.29%	21.09%	6.94%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

JP:9890 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9890	Makiya Co., Ltd.	1406.00	208.28	17.39%
JP:4380	M-mart, Inc.	628.00	12.62	2.05%
JP:7515	Maruyoshi Center Inc.	4580.00	356.84	8.45%
JP:7643	Daiichi Co., Ltd.	1577.00	-19.13	-1.20%
JP:9823	Mammy Mart Corporation	926.00	-368.70	-28.48%
JP:9993	Yamazawa Co., Ltd.	1143.00	22.52	2.01%

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 28, 2026

Makiya Co., Ltd. AI Stock Analysis