Mitsumura Printing Co Ltd

Mitsumura Printing Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to ¥3.66 billion, representing 12.2% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, supported by an operating cash flow of ¥468.94 million and a current ratio of 1.79. However, the price-to-book ratio of 0.3 indicates that the company's market value is significantly below its book value, suggesting potential undervaluation or asset-heavy operations.

Profitability metrics reveal a mixed picture. The company reported a net income of ¥97.27 million, but operating income was negative at ¥247.42 million, indicating operational inefficiencies or cost pressures. Return on equity (ROE) stands at 0.51%, and return on assets (ROA) is 0.32%, both below the industry median for commercial printing services. Gross profit of ¥609.32 million represents 17.2% of revenue, which is in line with the industry average but insufficient to offset operating losses.

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 client concentration risks. Mitsumura Printing Co Ltd's revenue of ¥3.54 billion is derived entirely from its core printing services, with no material contributions from other business lines.

Looking ahead, Mitsumura Printing Co Ltd is projected to experience a modest revenue decline in the current fiscal year, with a negative outlook for operating income. The company's capital expenditures of ¥823.91 million in the latest period suggest ongoing investment in infrastructure, but the negative operating cash flow indicates that these investments are not yet generating sufficient returns. Analysts have recorded a last actual revenue of ¥14.76 billion, which is significantly lower than the reported ¥3.54 billion, suggesting potential discrepancies in reporting periods or data sources.

Risk factors for Mitsumura Printing Co Ltd include its negative operating income and low ROE, which could signal underlying operational challenges. The company's liquidity risk is low, supported by strong cash reserves, but its credit risk is moderate due to the negative operating performance. No immediate dilution risks were identified, with shares outstanding remaining unchanged between basic and diluted measures.

Recent filings and transcripts do not indicate any material events or strategic shifts for Mitsumura Printing Co Ltd. The company's financial performance remains stable in terms of liquidity, but its profitability metrics suggest a need for operational improvements. No significant regulatory or geopolitical risks were identified in the latest data.

Free cash flow surged 666.6% year-over-year to JPY 183 million, demonstrating significant improvement in cash generation capabilities.

Cash conversion ratio of 4.82 ranks as best-in-class within the Commercial Printing Services cohort of 51 peers.

Net income increased 24.5% year-over-year to JPY 70.6 million, indicating a recovery in bottom-line profitability.

Long-term debt decreased from JPY 4.3 billion in FY2021 to JPY 3.55 billion in FY2025, reducing leverage.

Dilution and liquidity risks are assessed as low, suggesting stable capital structure and adequate short-term solvency.

Operating margin of -6.99% places the company in the bottom quartile compared to the 59-peer cohort median of 3.67%.

Revenue declined at a 4-year CAGR of 1.9%, reflecting a persistent contraction in top-line business activity.

The company carries a high credit risk flag, signaling potential difficulties in meeting financial obligations or debt servicing.

Revenue ¥3.99B, −6,7% YoY; Operating income −179,3% YoY.

• ▍Revenue ¥3.99B, −6,7% YoY
• ▍Operating income −179,3% YoY
• ▍Net income −136,0% YoY
• ▍Net margin -1.7%

Revenue ¥3.34B, −2,9% YoY; Operating income +93,2% YoY.

• ▍Revenue ¥3.34B, −2,9% YoY
• ▍Operating income +93,2% YoY
• ▍Net income +162,4% YoY
• ▍Net margin 4.4%

Revenue ¥3.35B, −4,7% YoY; Operating income +45,5% YoY.

• ▍Revenue ¥3.35B, −4,7% YoY
• ▍Operating income +45,5% YoY
• ▍Net income +82,9% YoY
• ▍Net margin -0.6%

Revenue ¥3.51B, −0,8% YoY; Operating income +45,5% YoY.

• ▍Revenue ¥3.51B, −0,8% YoY
• ▍Operating income +45,5% YoY
• ▍Net income +135,9% YoY
• ▍Net margin 6.5%

Revenue ¥4.28B; Operating income ¥146.1M.

• ▍Revenue ¥4.28B
• ▍Operating income ¥146.1M
• ▍Net margin 4.3%

Revenue ¥3.45B; Operating income -¥278.4M.

• ▍Revenue ¥3.45B
• ▍Operating income -¥278.4M
• ▍Net margin -6.8%

Revenue ¥3.52B; Operating income -¥188.5M.

• ▍Revenue ¥3.52B
• ▍Operating income -¥188.5M
• ▍Net margin -3.1%

Revenue ¥3.54B; Operating income -¥247.4M.

• ▍Revenue ¥3.54B
• ▍Operating income -¥247.4M
• ▍Net margin 2.7%

Revenue ¥14.76B, +0,4% YoY; Operating income −7,1% YoY.

• ▍Revenue ¥14.76B, +0,4% YoY
• ▍Operating income −7,1% YoY
• ▍Net income +24,5% YoY
• ▍Free cash flow +666,6% YoY
• ▍Net margin 0.5%

Revenue ¥14.70B, −0,6% YoY; Operating income +80,9% YoY.

• ▍Revenue ¥14.70B, −0,6% YoY
• ▍Operating income +80,9% YoY
• ▍Net income −88,4% YoY
• ▍Free cash flow +90,1% YoY
• ▍Net margin 0.4%

Revenue ¥14.79B, −4,0% YoY; Operating income −587,9% YoY.

• ▍Revenue ¥14.79B, −4,0% YoY
• ▍Operating income −587,9% YoY
• ▍Net income +882,9% YoY
• ▍Free cash flow +66,3% YoY
• ▍Net margin 3.3%

Revenue ¥15.41B, −3,3% YoY; Operating income +90,5% YoY.

• ▍Revenue ¥15.41B, −3,3% YoY
• ▍Operating income +90,5% YoY
• ▍Net income −93,8% YoY
• ▍Free cash flow −218,7% YoY
• ▍Net margin 0.3%