Hachi-Ban Co., Ltd. (9950) AI Stock Analysis

Hachi-Ban Co., Ltd.

(TSE/TYO:9950)

Select Model

Rating:53Neutral

Price Target:JPY 3,466.00▲(4.87% Upside)

Action:reiterated

Date:08/05/26

The overall score of 53 reflects a mixed outlook. The company's strong balance sheet is a positive, but deteriorating profitability and cash flow, combined with an extremely high valuation, are significant concerns. Technical indicators are neutral, offering no clear directional signal. While the low debt provides a cushion, the company needs to improve operational efficiency to justify its current price.

Positive Factors

Consistent revenue growthSustained top-line growth across 2022–2026 indicates persistent consumer demand and successful expansion of company-operated and franchised outlets. This durable revenue trend provides a stable base to invest in menu, operations, and franchise support, supporting medium-term scale advantages.

Negative Factors

Profitability deterioration in 2026A sharp EBIT decline to near break-even in 2026 signals margin pressure or cost escalations that erode the company's ability to convert revenue into durable profits. Persistent profit volatility complicates reinvestment plans and weakens capacity to sustainably fund dividends or strategic initiatives.

Hachi-Ban Co., Ltd. (9950) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 9.72B
Dividend Yield: 0.61%
Average Volume (3M): 2,603
Price to Earnings (P/E): 162.9
Beta (1Y): 0.08
Revenue Growth: 8.54%
EPS Growth: -50.31%
Country: Japan
Employees: 174
Sector: General
Sector Strength: 55
Industry: Restaurants

Hachi-Ban Co., Ltd. Business Overview & Revenue Model

Company Description

Hachi-Ban Co., Ltd. manages restaurant operations across Japan and internationally. Beyond its core hospitality business, the company manufactures and sells a range of food products, including soups and extracts. It also acts as a wholesaler of comme...

How the Company Makes Money

The company makes money mainly through (1) sales at company-operated restaurants, where revenue comes from in-store food and beverage purchases (e.g., ramen and side dishes), and (2) franchise-related income from franchised “Hachiban Ramen” stores. F...

Hachi-Ban Co., Ltd. Financial Statement Overview

Summary

Hachi-Ban maintains a strong balance sheet with low debt (D/E 0.13) and growing equity, providing financial stability. However, profitability has weakened sharply: revenue growth slowed to 5.1%, gross margin declined from 47.5% to 43.2%, operating profit margin near zero, and net margin fell to 0.7%. Cash flow from operations declined, and free cash flow has been negative for two years. The combination of solid balance sheet but deteriorating earnings and cash generation results in a moderate score.

Income Statement

35Negative

Balance Sheet

80Positive

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	8.81B	8.64B	8.23B	7.62B	7.11B	5.92B
Gross Profit	3.85B	3.73B	3.63B	3.42B	3.28B	2.53B
EBITDA	305.26M	298.09M	486.06M	429.61M	382.67M	-128.21M
Net Income	59.67M	60.14M	236.20M	160.53M	65.18M	-168.64M
Balance Sheet
Total Assets	6.03B	5.61B	5.66B	5.85B	4.77B	5.16B
Cash, Cash Equivalents and Short-Term Investments	890.50M	682.08M	1.01B	1.58B	818.37M	1.32B
Total Debt	739.27M	477.72M	620.56M	877.77M	274.53M	884.62M
Total Liabilities	2.16B	1.80B	1.99B	2.47B	1.55B	2.00B
Stockholders Equity	3.88B	3.81B	3.67B	3.38B	3.22B	3.16B
Cash Flow
Free Cash Flow	0	-22.45M	-244.95M	265.33M	165.60M	96.54M
Operating Cash Flow	0	359.55M	418.60M	499.54M	385.13M	144.59M
Investing Cash Flow	0	-503.18M	-703.35M	-282.80M	-240.74M	39.98M
Financing Cash Flow	0	-212.00M	-317.49M	526.01M	-669.81M	-170.46M

Hachi-Ban Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price3305.00

Price Trends

50DMA3367.39Negative

100DMA3385.81Negative

200DMA3404.12Negative

Market Momentum

MACD-15.02Negative

RSI33.60Neutral

STOCH16.67Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9950, the sentiment is Negative. The current price of 3305.00 is below the 20-day moving average (MA) of 3318.50, below the 50-day MA of 3367.39, and below the 200-day MA of 3404.12, indicating a bearish trend. The MACD of -15.02 indicates Negative momentum. The RSI at 33.60 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9950.

Hachi-Ban Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:9950 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:2798	63Neutral	JPY 9.98B	21.34	―	―	8.44%	54.69%
JP:3082	56Neutral	JPY 10.80B	49.95	―	0.76%	11.12%	-28.09%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:9950	53Neutral	JPY 9.66B	162.89	―	0.61%	8.54%	-50.31%
JP:3063	52Neutral	JPY 13.72B	84.30	―	0.45%	-2.36%	141.91%
JP:3053	49Neutral	JPY 12.78B	75.94	―	―	9.99%	―
JP:2764	43Neutral	JPY 11.14B	58.89	―	―	2.36%	-88.47%

* General Sector Average

Performance Comparison

JP:9950 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9950	Hachi-Ban Co., Ltd.	3305.00	-90.03	-2.65%
JP:2764	Hiramatsu Inc.	159.00	49.00	44.55%
JP:2798	Y's table corporation	3025.00	108.00	3.70%
JP:3053	Pepper Food Service Co., Ltd.	208.00	28.00	15.56%
JP:3063	j-Group Holdings Corp.	1106.00	357.67	47.80%
JP:3082	KICHIRI HOLDINGS & Co., Ltd.	985.00	71.27	7.80%

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 04, 2026

Hachi-Ban Co., Ltd. AI Stock Analysis