Why is Ichikawa Co., Ltd. ?
1
Poor Management Efficiency with a low ROE of 3.48%
- The company has been able to generate a Return on Equity (avg) of 3.48% signifying low profitability per unit of shareholders funds
2
Poor long term growth as Net Sales has grown by an annual rate of 3.15% over the last 5 years
- INTEREST(HY) At JPY 6 MM has Grown at 100%
- DEBT-EQUITY RATIO (HY) Highest at -21.72 %
- DEBTORS TURNOVER RATIO(HY) Lowest at 2.76 times
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Industrial Manufacturing)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Ichikawa Co., Ltd. for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Ichikawa Co., Ltd.
90.67%
2.76
41.00%
Japan Nikkei 225
41.2%
1.45
28.34%
Quality key factors
Factor
Value
Sales Growth (5y)
3.15%
EBIT Growth (5y)
20.71%
EBIT to Interest (avg)
96.97
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.25
Sales to Capital Employed (avg)
0.62
Tax Ratio
35.00%
Dividend Payout Ratio
44.08%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
4.92%
ROE (avg)
3.48%
Valuation Key Factors 
Factor
Value
P/E Ratio
11
Industry P/E
Price to Book Value
0.38
EV to EBIT
2.80
EV to EBITDA
1.47
EV to Capital Employed
0.18
EV to Sales
0.22
PEG Ratio
NA
Dividend Yield
0.03%
ROCE (Latest)
6.41%
ROE (Latest)
3.52%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Bullish
Bullish
OBV
Mildly Bearish
Mildly Bullish
Technical Movement
2What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -6.18% (YoY
NET PROFIT(9M)
Higher at JPY 1,055.19 MM
-10What is not working for the Company
INTEREST(HY)
At JPY 6 MM has Grown at 100%
DEBT-EQUITY RATIO
(HY)
Highest at -21.72 %
DEBTORS TURNOVER RATIO(HY)
Lowest at 2.76 times
Here's what is working for Ichikawa Co., Ltd.
Net Profit
Higher at JPY 1,055.19 MM
than preceding 12 month period ended Dec 2025MOJO Watch
In the nine month period the company has already crossed sales of the previous twelve months
Net Profit (JPY MM)
Raw Material Cost
Fallen by -6.18% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Ichikawa Co., Ltd.
Interest
At JPY 6 MM has Grown at 100%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debt-Equity Ratio
Highest at -21.72 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Debtors Turnover Ratio
Lowest at 2.76 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio






