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Inaba Denkisangyo Co., Ltd.
(9934)
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Rating:83Outperform
Price Target:
¥3,554.00
▲(37.57% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial quality—especially the exceptionally low-leverage balance sheet, improving profitability, and solid recent free cash flow. Technicals are supportive with a clear uptrend, though overbought momentum readings raise near-term risk. Valuation is favorable with a reasonable P/E and a moderate dividend yield.
Positive Factors
Steady revenue and profit growth
Sustained revenue expansion alongside improving net and EBIT margins indicates stronger earnings capacity. Continued growth through 2026 supports the durability of the distribution platform and suggests the company is converting higher sales into increasing profitability.
Negative Factors
Working-capital-driven cash flow volatility
The sharp historical weakness in cash conversion shows that inventory and receivables movements can materially disrupt cash generation. Even with strong recent results, this sensitivity may periodically reduce funding flexibility and make reported earnings less cash-backed.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue and profit growth
Sustained revenue expansion alongside improving net and EBIT margins indicates stronger earnings capacity. Continued growth through 2026 supports the durability of the distribution platform and suggests the company is converting higher sales into increasing profitability.
Read all positive factors
Inaba Denkisangyo Co., Ltd. (9934) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥337.35B
Dividend Yield2.47%
Average Volume (3M)75.90K
Price to Earnings (P/E)12.6
Beta (1Y)0.71
Revenue Growth13.67%
EPS Growth39.84%
CountryJP
Employees2,230
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)208.46
Shares Outstanding113,659,600
10 Day Avg. Volume74,800
30 Day Avg. Volume75,903
Financial Highlights & Ratios
PEG Ratio0.50
Price to Book (P/B)1.48
Price to Sales (P/S)0.70
P/FCF Ratio13.22
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
Inaba Denkisangyo Co., Ltd. Business Overview & Revenue Model
Company Description
Inaba Denki Sangyo Co., Ltd. is a Japanese firm that specializes in delivering a comprehensive range of electrical equipment, materials, and industrial solutions, including its own proprietary product lines. Its extensive product portfolio caters ...
How the Company Makes Money
Inaba Denkisangyo primarily makes money by acting as an intermediary in the supply chain—purchasing electrical/electronic-related products and materials from manufacturers and upstream suppliers, then reselling them to downstream customers such as...
Inaba Denkisangyo Co., Ltd. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
72
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 417.02B | 384.01B | 345.37B | 316.95B | 289.07B |
| Gross Profit | 72.61B | 65.09B | 57.05B | 52.32B | 48.16B |
| EBITDA | 34.94B | 28.39B | 24.93B | 22.93B | 19.34B |
| Net Income | 23.42B | 18.78B | 15.62B | 15.43B | 12.27B |
Balance Sheet | |||||
| Total Assets | 313.32B | 278.98B | 262.81B | 245.65B | 235.42B |
| Cash, Cash Equivalents and Short-Term Investments | 86.30B | 77.06B | 69.50B | 67.88B | 77.57B |
| Total Debt | 247.00M | 259.00M | 430.00M | 414.00M | 392.00M |
| Total Liabilities | 115.94B | 105.96B | 100.54B | 94.42B | 94.17B |
| Stockholders Equity | 197.38B | 173.02B | 162.27B | 151.23B | 141.25B |
Cash Flow | |||||
| Free Cash Flow | 22.09B | 22.21B | 13.68B | 1.31B | 10.06B |
| Operating Cash Flow | 26.91B | 23.28B | 15.10B | 2.70B | 11.05B |
| Investing Cash Flow | -6.60B | -10.46B | -577.00M | -15.45B | -5.27B |
| Financing Cash Flow | -10.27B | -8.37B | -7.04B | -6.04B | -6.27B |
Inaba Denkisangyo Co., Ltd. Technical Analysis
Positive
2583.50
Price Trends
2830.78
Positive
2769.13
Positive
2652.86
Positive
Market Momentum
48.50
Positive
60.82
Neutral
42.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9934, the sentiment is Positive. The current price of 2583.5 is below the 20-day moving average (MA) of 2962.67, below the 50-day MA of 2830.78, and below the 200-day MA of 2652.86, indicating a bullish trend. The MACD of 48.50 indicates Positive momentum. The RSI at 60.82 is Neutral, neither overbought nor oversold. The STOCH value of 42.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9934.
Inaba Denkisangyo Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥337.35B | 12.63 | ― | 2.97% | 13.67% | 39.84% | |
81 Outperform | ¥9.29T | 42.58 | 32.23% | 0.82% | 27.94% | 99.60% | |
76 Outperform | ¥11.90B | 10.15 | ― | 3.02% | 3.86% | 0.13% | |
75 Outperform | ¥136.42B | 7.33 | 11.21% | 3.39% | 40.52% | 147.61% | |
72 Outperform | ¥424.01B | 19.94 | 20.82% | 1.64% | 20.64% | 86.93% | |
60 Neutral | ¥2.81T | 30.67 | 19.52% | 0.62% | 12.86% | 165.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9934
Inaba Denkisangyo Co., Ltd.
2,996.50
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Inaba Denkisangyo Co., Ltd. Corporate Events
Inaba Denki Sangyo Delivers Strong Q1 Earnings and Expands Global Footprint
Jul 31, 2026
Inaba Denki Sangyo reported strong results for the three months ended June 30, 2026, with net sales rising 29.3% year on year to ¥113.1 billion and operating profit almost doubling to ¥10.8 billion. Profit attributable to owners of the p...
Inaba Denki Sangyo Completes Restricted Stock Treasury Share Disposal for Executive and Employee Compensation
Jul 13, 2026
Inaba Denki Sangyo has completed the payment procedures for a disposal of treasury shares used as restricted stock compensation, following a resolution by its board of directors in late June 2026. The scheme allocates a total of 40,500 common shar...
Inaba Denki Sangyo Completes Treasury Share Disposal for Employee Stock Plan
Jul 6, 2026
Inaba Denki Sangyo Co., Ltd., a TSE Prime-listed electrical equipment and industrial supplies provider, serves corporate and infrastructure markets in Japan. Its operations are supported by an employee stock ownership association designed to stren...
Inaba Denki Sangyo Issues Restricted Stock from Treasury for New Incentive Plan
Jun 26, 2026
Inaba Denki Sangyo has approved the disposal of 40,500 treasury shares as restricted stock, valued at about ¥109 million, to five directors, nine executive officers, and 18 titled employees. The shares, priced at ¥2,692 each, form part o...
Inaba Denki Sangyo Unveils FY2025 Results and Medium-Term Strategy
Jun 16, 2026
Inaba Denki Sangyo Co., Ltd. has presented its financial results for the fiscal year ended March 31, 2026, outlining recent performance and setting the stage for its next phase of growth. The briefing also reinforced the company’s role in th...
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.