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Sugimoto & Co., Ltd.
(9932)
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Rating:71Outperform
Price Target:
¥1,518.00
▲(6.90% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by strong financial resilience (low leverage and solid balance sheet) and favorable valuation (low P/E and high dividend yield). These positives are moderated by only mid-level operating performance (modest margins and a recent revenue dip) and a mixed technical picture with the stock still below its 200-day moving average and only neutral momentum signals.
Positive Factors
Low Financial Leverage
Sugimoto’s historically debt-free balance sheet and modest FY2026 borrowing provide substantial financial flexibility. Low leverage reduces interest and refinancing pressure, allowing the company to withstand industrial demand fluctuations while preserving capacity for investment, dividends, or working-capital needs.
Negative Factors
Recent Revenue Decline
The latest revenue contraction indicates that demand or order activity has weakened after several years of expansion. Because Sugimoto’s model depends on selling industrial machinery and factory-related goods, a sustained slowdown would limit operating leverage and make it harder to grow profit without improving margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
Sugimoto’s historically debt-free balance sheet and modest FY2026 borrowing provide substantial financial flexibility. Low leverage reduces interest and refinancing pressure, allowing the company to withstand industrial demand fluctuations while preserving capacity for investment, dividends, or working-capital needs.
Read all positive factors
Sugimoto & Co., Ltd. (9932) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥23.39B
Dividend Yield4.04%
Average Volume (3M)39.16K
Price to Earnings (P/E)10.5
Beta (1Y)1.00
Revenue Growth-0.17%
EPS Growth35.03%
CountryJP
Employees592
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)128.02
Shares Outstanding18,398,174
10 Day Avg. Volume60,420
30 Day Avg. Volume39,163
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
Sugimoto & Co., Ltd. makes money mainly by wholesaling industrial products and earning a margin between its purchase cost from manufacturers and its selling price to corporate customers. Its core revenue stream is product sales from distributing m...
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 | 49.57B | 48.61B | 49.47B | 46.64B | 45.56B | 43.12B |
| Gross Profit | 9.32B | 9.16B | 9.45B | 9.02B | 8.44B | 8.00B |
| EBITDA | 2.85B | 2.65B | 2.79B | 2.61B | 2.56B | 2.47B |
| Net Income | 2.27B | 2.11B | 1.92B | 1.88B | 2.10B | 1.63B |
Balance Sheet | ||||||
| Total Assets | 44.23B | 43.63B | 42.41B | 42.60B | 39.72B | 38.31B |
| Cash, Cash Equivalents and Short-Term Investments | 7.51B | 8.37B | 7.32B | 8.48B | 7.82B | 8.19B |
| Total Debt | 2.30B | 2.30B | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 9.29B | 9.62B | 6.92B | 6.64B | 5.88B | 6.05B |
| Stockholders Equity | 34.94B | 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
Positive
1420.00
Price Trends
1305.35
Positive
1246.08
Positive
1269.19
Positive
Market Momentum
14.34
Positive
52.99
Neutral
48.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9932, the sentiment is Positive. The current price of 1420 is above the 20-day moving average (MA) of 1329.56, above the 50-day MA of 1305.35, and above the 200-day MA of 1269.19, indicating a bullish trend. The MACD of 14.34 indicates Positive momentum. The RSI at 52.99 is Neutral, neither overbought nor oversold. The STOCH value of 48.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9932.
Sugimoto & Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥28.01B | 12.28 | ― | 3.66% | 5.68% | 39.50% | |
75 Outperform | ¥66.93B | 12.55 | ― | 3.40% | 7.05% | 7.82% | |
74 Outperform | ¥92.83B | 16.13 | ― | 3.01% | 9.00% | 21.98% | |
71 Outperform | ¥23.39B | 10.53 | ― | 4.04% | -0.17% | 35.03% | |
69 Neutral | ¥57.15B | 11.12 | ― | 3.37% | -0.27% | -7.26% | |
69 Neutral | ¥160.77B | 9.90 | ― | 2.50% | 9.75% | -5.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9932
Sugimoto & Co., Ltd.
1,335.00
-573.03
-30.03%
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Sugimoto & Co., Ltd. Corporate Events
Sugimoto & Co. Lifts Interim Forecast on AI and Semiconductor Demand
Oct 15, 2026
Sugimoto Co., Ltd. has sharply raised its consolidated forecast for the six months to September 30, 2026, citing stronger-than-expected demand in AI and semiconductor-related sectors and broadly firm capital expenditure across manufacturing. Net ...
Sugimoto & Co. Delivers Strong Q1 Earnings and Confirms Full-Year Outlook
Jul 29, 2026
Sugimoto Co. reported strong consolidated results for the three months ended June 30, 2026, with net sales rising 8.6% year on year to ¥12.1 billion and operating profit surging 75.8% to ¥487 million. Ordinary profit climbed 58.0% to &#...
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.