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Kawai Musical Instruments Manufacturing Co., Ltd. (7952.T)

JPY3,195.00 -5.00 (-0.16%)
JP JPX Consumer Cyclical Leisure
Address 200 Terajima-cho 430-8665
Hamamatsu, JP
CEO Kentarou Kawai
IPO 2001-01-01
ISIN JP3221400009

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Description

Kawai Musical Instruments Manufacturing Co., Ltd. manufactures and distributes musical instruments under its prominent Kawai brand, with a particular focus on both acoustic and digital pianos. Beyond instrument production, the company also creates and markets computer music software, alongside business software tailored for small enterprises. Kawai actively promotes musical appreciation through a variety of lectures and concerts. Additionally, its operations encompass the production and sale of precision metal components, wooden goods, and electronic devices. The company further runs educational facilities, including music and physical education schools, and maintains learning centers in China, Taiwan, and Indonesia. Established in Hamamatsu, Japan, in 1927, Kawai Musical Instruments Manufacturing Co., Ltd. continues to be headquartered in that city.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY3,195.00 -5.00 (-0.16%)
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Volume Profile
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Liquidity & share structure
Average Volume
25.7K
Beta
0.32
Float Shares
4.12M
Free Float %
47.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.32% +15.12% +2.62% +5.89% +25.65% +13.82% +18.34% +0.32% -16.76% +53.81% +142.64%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3,195.00
DCF (Unlevered) 1,497.59 -53.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.38
Grey zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Leisure: +7.6%
    -1.2% Q1'26: +1.5% (vs Q1'25)
  • EPS growth Leisure: +13.2%
    +181.6% Q1'26: +19.1% (vs Q1'25)
  • FCF margin FCF growth · Leisure: +30.4%
    -6.1% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Leisure: +11.0%
    +0.2% Q1'26: +0.6% (vs Q1'25)
  • ROIC Leisure: +6.9%
    +0.2% Q1'26: +0.8% (vs Q1'25)
  • Share dilution Leisure: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Leisure: -0.39×
    5.23× Q1'26: 3.92× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.33) × ERP
WACC = 70% × Ke + 30% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,496.89 Current price: 3,195.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
66.34B
est: 66.00B (+0.5%)
69.26B
est: 71.00B (-2.5%)
66.55B
est: 74.79B (-11.0%)
70.80B
est: 69.50B (+1.9%)
72.38B
est: 72.60B (-0.3%)
71.30B
est: 71.90B (-0.8%)
67.52B
est: 65.35B (+3.3%)
85.70B
est: 83.55B (+2.6%)
87.77B
est: 90.90B (-3.4%)
80.19B
est: 93.60B (-14.3%)
72.92B
est: 93.50B (-22.0%)
96.50B
96.50B – 96.50B
+3.2% YoY
99.50B
99.50B – 99.50B
+3.1% YoY
EBITDA
3.17B
est: 4.81B (-34.1%)
4.41B
est: 5.17B (-14.8%)
4.02B
est: 5.45B (-26.1%)
4.60B
est: 5.06B (-9.2%)
5.31B
est: 5.29B (+0.5%)
4.56B
est: 5.24B (-12.9%)
5.07B
est: 4.76B (+6.5%)
8.24B
est: 6.08B (+35.4%)
6.71B
est: 6.62B (+1.4%)
4.87B
est: 6.33B (-23.0%)
2.15B
est: 5.48B (-60.7%)
5.65B
5.65B – 5.65B
+3.2% YoY
5.83B
5.83B – 5.83B
+3.1% YoY
EBIT
1.54B
est: 3.41B (-54.7%)
2.66B
est: 3.67B (-27.5%)
2.32B
est: 3.86B (-40.0%)
2.75B
est: 3.59B (-23.4%)
3.67B
est: 3.75B (-2.2%)
2.96B
est: 3.71B (-20.3%)
3.49B
est: 3.38B (+3.5%)
6.70B
est: 4.32B (+55.1%)
5.05B
est: 4.70B (+7.4%)
3.25B
est: 4.35B (-25.1%)
306.00M
est: 3.40B (-91.0%)
3.51B
3.51B – 3.51B
+3.2% YoY
3.62B
3.62B – 3.62B
+3.1% YoY
Net Income
1.05B
est: 1.38B (-23.7%)
1.80B
est: 1.46B (+23.4%)
1.63B
est: 1.78B (-8.6%)
1.95B
est: 1.88B (+4.0%)
2.01B
est: 2.11B (-4.9%)
1.55B
est: 2.13B (-27.3%)
2.58B
est: 1.01B (+155.4%)
5.05B
est: 4.08B (+23.6%)
3.67B
est: 4.03B (-8.9%)
2.78B
est: 4.30B (-35.3%)
405.00M
est: 4.50B (-91.0%)
4.80B
4.80B – 4.80B
+6.7% YoY
5.10B
5.10B – 5.10B
+6.2% YoY
SGA
13.61B
est: 14.24B (-4.4%)
14.51B
est: 15.32B (-5.3%)
14.34B
est: 16.14B (-11.1%)
14.47B
est: 15.00B (-3.5%)
14.91B
est: 15.67B (-4.9%)
14.94B
est: 15.52B (-3.7%)
14.13B
est: 14.10B (+0.2%)
16.29B
est: 18.03B (-9.6%)
17.32B
est: 19.62B (-11.7%)
17.08B
est: 19.65B (-13.1%)
17.52B
est: 20.55B (-14.8%)
21.21B
21.21B – 21.21B
+3.2% YoY
21.87B
21.87B – 21.87B
+3.1% YoY
EPS
125.54
est: 160.65 (-21.9%)
211.81
est: 169.30 (+25.1%)
185.40
est: 207.40 (-10.6%)
224.12
est: 218.10 (+2.8%)
235.23
est: 245.90 (-4.3%)
180.17
est: 247.21 (-27.1%)
300.06
est: 117.49 (+155.4%)
587.15
est: 474.69 (+23.7%)
427.27
est: 468.89 (-8.9%)
323.68
est: 500.30 (-35.3%)
47.10
est: 523.60 (-91.0%)
558.50
558.50 – 558.50
+6.7% YoY
593.40
593.40 – 593.40
+6.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-14 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-13 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-12 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-11 B+ 3/5 3/5 2/5 3/5 3/5 3/5 5/5
2026-05-08 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-05-07 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-05-01 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-30 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-28 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-27 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-24 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-23 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-22 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-21 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-20 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-17 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5
2026-04-16 B+ 3/5 3/5 2/5 4/5 2/5 3/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-1.22B
OE per share TTM
-141.98
Owner's Yield
-4.55%
Maintenance CapEx ratio
94.31%
Maint CapEx / Avg PPE
18.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 8 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P International Small Cap ETF GWX 0.01% 123.2K 0.40%
2 Dimensional - International Small Cap ETF DFIS 0.00% 121.2K 0.39%
3 iShares Core TOPIX ETF 1475.T 0.00% 247.3K 0.05%
4 Dimensional - International Core Equity 2 ETF DFIC 0.00% 113.3K 0.22%
5 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 91.7K 0.28%
6 Avantis International Small Cap Equity ETF AVDS 0.00% 2.0K 0.30%
7 Amundi Japan TOPIX II UCITS ETF EUR Dist JPNU.L 0.00% 20.08 0.45%
8 Dimensional - International Core Equity Market ETF DFAI 0.00% 0.18%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
39.0K
Shares Outstanding
8.60M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Akihiro Hasegawa Executive Officer and deputy GM of Musical Instrument Education Sales Div. & Overseas Mngmt. Div.
Akihiro Iizuka Executive Officer of Corp. Strategy Division, GM of Mgt. Strategy Dpt. & Head of Executive Office
Hiroshi Ushio Executive VP & Director male
Kentarou Kawai President, CEO & Corp. Strategy Div. & Rep. Director male
Masafumi Minowa Senior MD, Executive Officer & Director
Masaki Sugikami Executive Officer of Corporate Finance and GM of Accounting & Finance Division
Naoki Mori MD, Executive Officer, CEO of Kawai America Corporation & Director male
Shinichiro Miwa Executive Officer & GM of Human Resources Department
Shoji Dewa Executive Officer and President and CEO of PT. Kawai Indonesia
Sumio Tajiri Executive Officer and President and Chief Executive Officer of Kawai America Corporation & Kawai Canada Music Ltd.
Takuya Sekine Executive Officer and President & Chief Executive Officer Kawai Europe GmbH
Yoshihiko Sakurai Executive Officer and GM of Metal Division Production HQ. & President of Kawai PrecisionMetals Co., Ltd.
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits