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Sugimoto & Co., Ltd.
(9932)
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Rating:69Neutral
Price Target:
¥1,302.00
▼(-8.31% Downside)
Action:Downgraded
Date:04/28/26
The score is driven primarily by strong financial stability (notably low leverage) and attractive valuation (low P/E and high dividend yield). These positives are partially offset by weak technicals, with the stock trading below key moving averages and showing negative momentum; cash-flow variability and a recent revenue dip also temper the fundamental outlook.
Positive Factors
Balance Sheet Strength
The company’s historically zero debt and only modest borrowings in FY2026 provide durable financial flexibility. Low leverage reduces refinancing and solvency risk, supports capital allocation (dividends, selective M&A or capex), and improves resilience through economic cycles over the next months.
Negative Factors
Revenue Decline
A recent contraction in revenue signals potential demand softness or competitive pressure that can persist for several quarters. Slowing top-line growth constrains operating leverage and limits scope for margin expansion, capital reinvestment, and durable earnings growth over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
The company’s historically zero debt and only modest borrowings in FY2026 provide durable financial flexibility. Low leverage reduces refinancing and solvency risk, supports capital allocation (dividends, selective M&A or capex), and improves resilience through economic cycles over the next months.
Read all positive factors
Sugimoto & Co., Ltd. (9932) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥25.09B
Dividend Yield3.84%
Average Volume (3M)49.91K
Price to Earnings (P/E)10.0
Beta (1Y)0.80
Revenue Growth-1.73%
EPS Growth20.40%
CountryJP
Employees580
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)95.20
Shares Outstanding22,798,473
10 Day Avg. Volume61,630
30 Day Avg. Volume49,906
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)0.67
Price to Sales (P/S)0.47
P/FCF Ratio7.34
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
Sugimoto & Co., Ltd. Business Overview & Revenue Model
Company Description
Sugimoto & Co., Ltd., founded in 1921 and based in Osaka, Japan, operates as an international enterprise primarily involved in the trade of machinery and equipment. The company's business activities include the global sale, import, and export of v...
How the Company Makes Money
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Sugimoto & Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
84
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.66B | 48.61B | 49.47B | 46.64B | 45.56B | 43.12B |
| Gross Profit | 9.44B | 9.16B | 9.45B | 9.02B | 8.44B | 8.00B |
| EBITDA | 2.76B | 2.65B | 2.79B | 2.61B | 2.56B | 2.47B |
| Net Income | 1.83B | 2.11B | 1.92B | 1.88B | 2.10B | 1.63B |
Balance Sheet | ||||||
| Total Assets | 41.97B | 43.63B | 42.41B | 42.60B | 39.72B | 38.31B |
| Cash, Cash Equivalents and Short-Term Investments | 7.21B | 8.37B | 7.32B | 8.48B | 7.82B | 8.19B |
| Total Debt | 2.00B | 2.30B | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 7.84B | 9.62B | 6.92B | 6.64B | 5.88B | 6.05B |
| Stockholders Equity | 34.13B | 34.01B | 35.49B | 35.96B | 33.84B | 32.27B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.09B | 1.67B | 1.52B | -56.67M | 335.60M |
| Operating Cash Flow | 0.00 | 3.35B | 2.67B | 2.52B | 686.42M | 1.02B |
| Investing Cash Flow | 0.00 | -600.96M | -1.75B | -1.11B | -445.56M | -880.96M |
| Financing Cash Flow | 0.00 | -1.70B | -2.08B | -706.52M | -604.35M | -1.35B |
Sugimoto & Co., Ltd. Technical Analysis
Neutral
1420.00
Price Trends
1195.56
Negative
1265.93
Negative
1420.77
Negative
Market Momentum
-6.27
Negative
49.05
Neutral
37.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9932, the sentiment is Neutral. The current price of 1420 is above the 20-day moving average (MA) of 1153.90, above the 50-day MA of 1195.56, and below the 200-day MA of 1420.77, indicating a neutral trend. The MACD of -6.27 indicates Negative momentum. The RSI at 49.05 is Neutral, neither overbought nor oversold. The STOCH value of 37.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9932.
Sugimoto & Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥22.32B | 9.37 | ― | 3.87% | 1.79% | -12.61% | |
74 Outperform | ¥75.36B | 14.78 | ― | 3.17% | 4.65% | 5.17% | |
73 Outperform | ¥51.92B | 9.81 | ― | 3.00% | 5.40% | 8.39% | |
69 Neutral | ¥25.09B | 10.02 | ― | 3.84% | -1.73% | 20.40% | |
65 Neutral | ¥27.71B | 13.60 | ― | 2.98% | 2.25% | 40.42% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥148.24B | 9.32 | ― | 2.42% | 8.46% | -3.62% |
* Industrials Sector Average
JP:9932
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Sugimoto & Co., Ltd. Corporate Events
Sugimoto & Co. Posts Lower Sales but Higher Profit, Keeps Dividend Steady
Apr 27, 2026
Sugimoto Co. reported consolidated net sales of ¥48.61 billion for the year ended March 31, 2026, down 1.7% year on year, while operating profit fell 14.5% to ¥2.05 billion and ordinary profit declined 12.2% to ¥2.55 billion. Despi...
Sugimoto & Co. Restructures Executive Leadership to Consolidate Strategy and Compliance
Mar 19, 2026
Sugimoto Co., Ltd. has announced a key executive personnel change approved by its Board of Directors, effective April 1, 2026. Naohiko Kagawa will assume the role of Managing Executive Officer while simultaneously serving as Deputy Manager of the...
Sugimoto & Co. Tightens Board Governance After External Effectiveness Review
Feb 20, 2026
Sugimoto Co., Ltd. has completed an external evaluation of the effectiveness of its Board of Directors as part of efforts to reinforce corporate governance and increase corporate value over the medium to long term. The review covered board compos...
Sugimoto & Co. Nine-Month Profit Declines but Full-Year Outlook and Dividends Kept Intact
Jan 28, 2026
Sugimoto Co. reported consolidated results for the nine months ended December 31, 2025, with net sales slipping 2.3% year-on-year to ¥36.28 billion and operating profit falling 22.5% to ¥1.60 billion, while profit attributable to owners...
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.