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Zaoh Company, Ltd. (JP:9986)
:9986
Japanese Market
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Zaoh Company, Ltd. (9986) AI Stock Analysis

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JP:9986

Zaoh Company, Ltd.

(9986)

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Outperform 75 (OpenAI - 5.2)
Rating:75Outperform
Price Target:
¥2,813.00
▲(12.57% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by very strong balance sheet strength and solid latest-year cash generation, which lower financial risk. The overall rating is tempered by mixed technical momentum (weak longer-term trend signals and slightly negative MACD) and earnings consistency concerns reflected in uneven revenue and margins below prior peak years, while a reasonable P/E and solid dividend yield provide valuation support.
Positive Factors
Very conservative balance sheet
Negligible leverage materially reduces refinancing and solvency risk, giving Zaoh financial flexibility to withstand distributor-sector cycles and fund operations without depending heavily on external borrowing.
Negative Factors
Uneven revenue trajectory
The interrupted revenue trend indicates inconsistent demand or customer and product mix conditions. Continued uneven sales would make capacity planning harder and could limit operating leverage and confidence in sustained expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Very conservative balance sheet
Negligible leverage materially reduces refinancing and solvency risk, giving Zaoh financial flexibility to withstand distributor-sector cycles and fund operations without depending heavily on external borrowing.
Read all positive factors

Zaoh Company, Ltd. (9986) vs. iShares MSCI Japan ETF (EWJ)

Zaoh Company, Ltd. Business Overview & Revenue Model

Company Description
ZAOH Company, Ltd., headquartered in Tokyo, Japan, specializes in the import and distribution of various environmental and cleaning equipment across Japan. The company further supplies a range of machinery and devices for the construction, manufac...
How the Company Makes Money
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Zaoh Company, Ltd. Financial Statement Overview

Summary
Strong overall financial quality driven by an exceptionally conservative balance sheet (negligible leverage) and solid 2026 cash generation (FCF ~95% of net income). Offsetting factors are uneven revenue trends and profitability/margins that remain below the stronger 2022–2024 levels, indicating some normalization and consistency risk.
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
78
Positive
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue9.43B8.76B8.45B9.43B9.65B8.95B
Gross Profit3.93B4.03B3.74B3.88B4.09B3.90B
EBITDA1.31B1.18B1.07B1.35B1.48B1.46B
Net Income782.33M718.91M616.60M1.02B1.05B1.17B
Balance Sheet
Total Assets14.17B15.23B14.76B14.81B15.12B14.74B
Cash, Cash Equivalents and Short-Term Investments6.30B6.88B6.76B6.75B7.16B7.54B
Total Debt0.0043.80M43.70M20.04M6.38M0.00
Total Liabilities1.85B2.14B1.88B2.01B1.95B2.14B
Stockholders Equity12.32B13.09B12.88B12.80B13.17B12.60B
Cash Flow
Free Cash Flow0.001.07B401.69M1.05B168.54M1.24B
Operating Cash Flow0.001.13B513.71M1.19B178.36M1.30B
Investing Cash Flow0.00-449.95M52.29M-159.40M-92.95M-87.03M
Financing Cash Flow0.00-554.54M-550.91M-1.44B-459.42M-361.17M

Zaoh Company, Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2499.00
Price Trends
50DMA
2487.40
Positive
100DMA
2531.55
Negative
200DMA
2514.54
Negative
Market Momentum
MACD
1.06
Negative
RSI
49.57
Neutral
STOCH
47.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9986, the sentiment is Negative. The current price of 2499 is above the 20-day moving average (MA) of 2490.50, above the 50-day MA of 2487.40, and below the 200-day MA of 2514.54, indicating a neutral trend. The MACD of 1.06 indicates Negative momentum. The RSI at 49.57 is Neutral, neither overbought nor oversold. The STOCH value of 47.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9986.

Zaoh Company, Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
¥39.35B11.474.05%11.32%-4.47%
75
Outperform
¥14.28B18.734.00%0.61%5.84%
75
Outperform
¥65.26B12.613.87%7.05%7.82%
74
Outperform
¥90.33B15.523.17%9.00%21.98%
70
Outperform
¥113.29B13.243.38%11.98%45.28%
69
Neutral
¥159.45B9.792.46%9.75%-5.73%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:9986
Zaoh Company, Ltd.
2,490.00
149.44
6.38%
JP:3176
Sanyo Trading Co., Ltd.
1,193.00
415.53
53.45%
JP:8061
Seika Corporation
3,120.00
1,231.54
65.21%
JP:8103
Meiwa Corporation
979.00
197.68
25.30%
JP:9830
Trusco Nakayama Corporation
2,427.00
56.73
2.39%
JP:9902
Nichiden Corporation
3,040.00
306.53
11.21%
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 17, 2026