Kitazawa Sangyo Co., Ltd. (9930) AI Stock Analysis

Kitazawa Sangyo Co., Ltd.

(TSE/TYO:9930)

Select Model

Rating:55Neutral

Price Target:JPY 398.00▲(6.99% Upside)

Action:reiterated

Date:08/18/26

The overall score of 55 reflects a company with a solid balance sheet but significant operational headwinds. The most impactful factor is the weak financial performance, driven by negative cash flows and declining revenue, which is partially mitigated by a strong, low-debt balance sheet. Moderately bullish technical trends and a neutral valuation provide some support, but the core business challenges weigh heavily on the score.

Positive Factors

Conservative Balance SheetLow leverage and a growing equity base provide financial flexibility during weaker earnings periods. This reduces refinancing risk and gives the company capacity to maintain operations, support customer projects, and absorb cyclical pressure.

Negative Factors

Two-Year Revenue DeclineSustained revenue contraction indicates weaker demand, customer activity, or competitive positioning in the foodservice equipment market. If the decline persists, lower sales volume could limit operating leverage and make fixed-cost absorption more difficult.

Kitazawa Sangyo Co., Ltd. (9930) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 7.01B
Dividend Yield: 2.65%
Average Volume (3M): 7,469
Price to Earnings (P/E): 17.1
Beta (1Y): 0.17
Revenue Growth: -6.21%
EPS Growth: -14.36%
Country: Japan
Employees: 382
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Kitazawa Sangyo Co., Ltd. Business Overview & Revenue Model

Company Description

Founded in Tokyo, Japan, in 1951, Kitazawa Sangyo Co., Ltd. serves the food processing and foodservice sectors across the nation. The company provides a wide array of equipment, including machinery for food processing, cooking appliances, and special...

How the Company Makes Money

Kitazawa Sangyo primarily makes money by acting as a distributor/intermediary for commercial foodservice-related equipment and supplies, earning revenue from the sale of products to business customers. Its key revenue stream is product sales (i.e., p...

Kitazawa Sangyo Co., Ltd. Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is strong (Score 80) with low debt, but the income statement (Score 35) shows declining revenue and thin margins, and the cash flow statement (Score 25) is deeply negative. The weighted average of these three statements is approximately 47, reflecting operational struggles offset by financial stability.

Income Statement

35Negative

Balance Sheet

80Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	14.10B	14.03B	15.56B	16.47B	16.22B	15.60B
Gross Profit	4.34B	4.39B	4.53B	4.61B	4.36B	4.00B
EBITDA	794.55M	879.06M	1.30B	1.32B	1.02B	658.39M
Net Income	409.06M	220.35M	648.48M	665.20M	455.48M	154.66M
Balance Sheet
Total Assets	16.82B	16.99B	18.09B	18.83B	17.25B	17.06B
Cash, Cash Equivalents and Short-Term Investments	3.46B	3.06B	3.88B	5.17B	4.08B	4.44B
Total Debt	2.10B	2.10B	2.10B	2.12B	2.12B	2.12B
Total Liabilities	5.68B	5.63B	7.30B	8.50B	7.89B	8.16B
Stockholders Equity	11.13B	11.36B	10.78B	10.34B	9.36B	8.90B
Cash Flow
Free Cash Flow	0	-746.50M	-656.12M	1.25B	147.95M	442.49M
Operating Cash Flow	0	-599.51M	-260.12M	1.44B	341.76M	552.04M
Investing Cash Flow	0	63.14M	-864.56M	-259.28M	-605.38M	-111.56M
Financing Cash Flow	0	-185.92M	-167.72M	-92.97M	-92.97M	-92.97M

Kitazawa Sangyo Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price372.00

Price Trends

50DMA393.84Negative

100DMA380.22Negative

200DMA364.44Positive

Market Momentum

MACD-2.13Negative

RSI37.98Neutral

STOCH66.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9930, the sentiment is Negative. The current price of 372.00 is below the 20-day moving average (MA) of 384.25, below the 50-day MA of 393.84, and above the 200-day MA of 364.44, indicating a neutral trend. The MACD of -2.13 indicates Negative momentum. The RSI at 37.98 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9930.

Kitazawa Sangyo Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:9930 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:6488	81Outperform	JPY 12.16B	7.49	―	3.50%	8.79%	58.86%
JP:6402	76Outperform	JPY 8.71B	7.51	―	4.72%	4.59%	34.39%
JP:6405	71Outperform	JPY 14.45B	18.78	―	2.70%	7.41%	-18.23%
JP:6393	67Neutral	JPY 12.03B	10.28	―	5.12%	-1.68%	-9.54%
JP:6408	66Neutral	JPY 6.60B	3.63	―	2.27%	-2.81%	186.98%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:9930	55Neutral	JPY 7.01B	17.14	―	2.65%	-6.21%	-14.36%

* General Sector Average

Performance Comparison

JP:9930 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9930	Kitazawa Sangyo Co., Ltd.	377.00	18.39	5.13%
JP:6393	Yuken Kogyo Co., Ltd.	2932.00	134.36	4.80%
JP:6402	Kanematsu Engineering Co., Ltd.	1567.00	111.57	7.67%
JP:6405	Suzumo Machinery Co., Ltd.	1295.00	-105.04	-7.50%
JP:6408	Ogura Clutch Co., Ltd.	4410.00	884.53	25.09%
JP:6488	Yoshitake Inc.	1000.00	87.25	9.56%

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 18, 2026

Kitazawa Sangyo Co., Ltd. AI Stock Analysis