Syuppin Co Ltd

Syuppin maintains a relatively balanced capital structure, with a debt-to-equity ratio of 0.49 and a current ratio of 2.3, indicating moderate liquidity. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints. The company's return on equity (ROE) of 9.43% and return on assets (ROA) of 4.91% suggest that it is generating returns above the industry median for ROE but below the median for ROA, indicating room for improvement in asset utilization.

Profitability metrics show a gross profit of ¥2.71 billion and an operating income of ¥1.19 billion, translating to a gross margin of 19.7% and an operating margin of 8.6%. These figures are in line with the industry's preferred metrics, but the company's net income of ¥844 million is slightly below the cohort median, suggesting that operational efficiency could be a focus area.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and could limit growth opportunities in new markets. The company's revenue growth over the past year has been modest, with no significant acceleration in the current fiscal year. Analysts expect continued stability in revenue, with a mean EPS estimate of ¥78.00 compared to the last actual EPS of ¥93.01.

Risk factors include moderate liquidity risk due to the negative net cash position and a medium debt load. The company's dilution risk is currently low, with no near-term pressure from share issuance or convertible debt. However, the risk assessment notes that the company's liquidity position could deteriorate if operating cash flows do not improve.

Recent filings and transcripts indicate that Syuppin is focused on maintaining operational efficiency and expanding its product offerings in the electronics retail space. The company has not disclosed any major strategic shifts or capital-intensive projects in the near term.

Revenue has grown at a 4.6% CAGR over the last four years, showing consistent top-line expansion despite recent volatility.

A single analyst rates the stock as a strong buy, suggesting positive sentiment from available market coverage.

Revenue contracted by 1.4% year-over-year in FY2026, marking the first decline in the provided five-year period.

The company faces medium liquidity and credit risks, which could constrain financial flexibility amid declining cash flows.

Revenue ¥14.02B, +7,5% YoY; Operating income +2,2% YoY.

• ▍Revenue ¥14.02B, +7,5% YoY
• ▍Operating income +2,2% YoY
• ▍Net income −3,9% YoY
• ▍Net margin 3.5%

Revenue ¥13.49B, +3,0% YoY; Operating income +264,9% YoY.

• ▍Revenue ¥13.49B, +3,0% YoY
• ▍Operating income +264,9% YoY
• ▍Net income +293,8% YoY
• ▍Net margin 4.3%

Revenue ¥12.25B, −4,3% YoY; Operating income −38,5% YoY.

• ▍Revenue ¥12.25B, −4,3% YoY
• ▍Operating income −38,5% YoY
• ▍Net income −36,7% YoY
• ▍Net margin 2.7%

Revenue ¥12.18B, −11,2% YoY; Operating income −64,4% YoY.

• ▍Revenue ¥12.18B, −11,2% YoY
• ▍Operating income −64,4% YoY
• ▍Net income −66,5% YoY
• ▍Net margin 2.3%

Revenue ¥13.04B; Operating income ¥733.8M.

• ▍Revenue ¥13.04B
• ▍Operating income ¥733.8M
• ▍Net margin 3.9%

Revenue ¥13.10B; Operating income ¥226.2M.

• ▍Revenue ¥13.10B
• ▍Operating income ¥226.2M
• ▍Net margin 1.1%

Revenue ¥12.80B; Operating income ¥834.1M.

• ▍Revenue ¥12.80B
• ▍Operating income ¥834.1M
• ▍Net margin 4.1%

Revenue ¥13.72B; Operating income ¥1.19B.

• ▍Revenue ¥13.72B
• ▍Operating income ¥1.19B
• ▍Net margin 6.2%

Revenue ¥51.92B, −1,4% YoY; Operating income −15,8% YoY.

• ▍Revenue ¥51.92B, −1,4% YoY
• ▍Operating income −15,8% YoY
• ▍Net income −16,6% YoY
• ▍Free cash flow −139,2% YoY
• ▍Net margin 3.2%

Revenue ¥52.66B, +7,8% YoY; Operating income −10,8% YoY.

• ▍Revenue ¥52.66B, +7,8% YoY
• ▍Operating income −10,8% YoY
• ▍Net income −13,0% YoY
• ▍Free cash flow −54,6% YoY
• ▍Net margin 3.8%

Revenue ¥48.84B, +7,1% YoY; Operating income +36,4% YoY.

• ▍Revenue ¥48.84B, +7,1% YoY
• ▍Operating income +36,4% YoY
• ▍Net income +36,8% YoY
• ▍Free cash flow +71,3% YoY
• ▍Net margin 4.8%

Revenue ¥45.62B, +5,0% YoY; Operating income −21,9% YoY.

• ▍Revenue ¥45.62B, +5,0% YoY
• ▍Operating income −21,9% YoY
• ▍Net income −23,1% YoY
• ▍Free cash flow −49,7% YoY
• ▍Net margin 3.7%