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Tokyo Electron Device Limited (2760) AI Stock Analysis

JP:2760

Tokyo Electron Device Limited

(TSE/TYO:2760)

Select Model
Rating:70Outperform
Price Target:JPY 4,796.00â–²(12.45% Upside)
Action:reiterated
Date:10/30/26

The score is supported primarily by improving financial performance and an attractive valuation. Positive longer-term technical positioning provides additional support, while inconsistent cash generation and subdued near-term momentum limit the score.

Positive Factors
Steady ProfitabilitySteady profitability is a meaningful strength for a distributor, where margins are typically constrained by the trading model. The combination of positive gross and net margins, alongside improving operating profitability, supports continued reinvestment and resilience over the next several quarters.
Negative Factors
Weak Cash ConversionWeak conversion of reported earnings into operating cash reduces confidence in the quality and durability of profits. Free cash flow below net income also limits internally funded investment, distributions, and debt reduction, making execution more dependent on working-capital management.

Tokyo Electron Device Limited (2760) vs. iShares MSCI Japan ETF (EWJ)

-20%0%20%40%60%80%100%JP:2760+49.26%EWJ+17.00%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 124.57B
Dividend Yield
3.33%
Average Volume (3M)
187.55K
Price to Earnings (P/E)
12.1
Beta (1Y)
1.09
Revenue Growth
16.20%
EPS Growth
45.36%
Country
Japan
Employees
1,408
Sector
Technology
Sector Strength
61
Industry
Technology Distributors

Tokyo Electron Device Limited Business Overview & Revenue Model

Company Description

Operating as a global technology trading firm, Tokyo Electron Device Limited specializes in the provision of electronic components and comprehensive computer networking solutions across international markets. The company actively participates in the...

Tokyo Electron Device Limited Financial Statement Overview

Summary

Improving revenue, margins, leverage, equity, and positive free cash flow support the score, but volatile cash generation and only moderate profitability weigh on it.

Income Statement

75Positive

Balance Sheet

78Positive

Cash Flow

57Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue233.46B203.75B216.38B242.89B240.35B179.91B
Gross Profit36.56B31.54B33.73B37.17B34.24B25.64B
EBITDA16.11B11.33B12.75B14.88B13.03B8.86B
Net Income10.26B7.84B8.88B9.99B8.78B5.08B
Balance Sheet
Total Assets186.40B162.21B157.60B163.35B143.75B108.05B
Cash, Cash Equivalents and Short-Term Investments6.13B7.62B8.38B6.87B6.54B5.13B
Total Debt36.67B29.43B42.63B52.10B45.65B29.48B
Total Liabilities131.51B108.45B108.59B117.16B104.75B76.03B
Stockholders Equity54.88B52.83B47.86B45.04B37.85B30.95B
Cash Flow
Free Cash Flow2.20B15.41B17.36B-602.00M-12.46B-1.27B
Operating Cash Flow2.47B15.68B18.91B301.00M-12.19B-891.00M
Investing Cash Flow874.00M1.20B-2.07B-2.69B-199.00M-155.00M
Financing Cash Flow-6.13B-17.85B-15.25B2.53B13.75B606.00M

Tokyo Electron Device Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price4265.00

Price Trends

50DMA4349.48Negative
100DMA4144.44Positive
200DMA3796.62Positive

Market Momentum

MACD1.17Positive
RSI41.37Neutral
STOCH31.34Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2760, the sentiment is Negative. The current price of 4265.00 is below the 20-day moving average (MA) of 4679.50, below the 50-day MA of 4349.48, and above the 200-day MA of 3796.62, indicating a neutral trend. The MACD of 1.17 indicates Positive momentum. The RSI at 41.37 is Neutral, neither overbought nor oversold. The STOCH value of 31.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2760.

Tokyo Electron Device Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:2760 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:7701JP:770180OutperformJPY 1.32T19.6212.06%1.54%6.01%28.51%
JP:6861JP:686176OutperformJPY 18.92T34.7815.47%0.77%24.84%33.02%
JP:2760JP:276070OutperformJPY 130.16B12.14―3.33%16.20%45.36%
JP:4186JP:418666NeutralJPY 985.08B23.7717.38%0.97%21.68%48.38%
JP:6951JP:695163NeutralJPY 354.57B22.70―2.09%-18.36%-19.56%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:6728JP:672857NeutralJPY 365.38B21.357.48%2.05%7.14%2.58%

* Technology Sector Average

Performance Comparison

0%25%50%75%100%JP:2760JP:6861JP:7701JP:4186JP:6728JP:6951Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:2760 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:2760Tokyo Electron Device Limited4230.001288.9643.83%
JP:6861Keyence Corporation78000.0021945.0239.15%
JP:7701Shimadzu Corporation4476.00364.478.86%
JP:4186Tokyo Ohka Kogyo Co 7959.002191.6838.00%
JP:6728ULVAC 7419.00500.507.23%
JP:6951JEOL Ltd.6951.001830.6335.75%

Tokyo Electron Device Limited Corporate Events

Tokyo Electron Device Hikes Earnings Outlook and Dividend on Strong Semiconductor Demand

Oct 28, 2026

Tokyo Electron Device Limited, a Japan-based distributor of electronic components and computer networks listed on the TSE Prime Market, is capitalizing on expanding semiconductor demand and strong corporate IT spending, particularly in AI-related pro...

Tokyo Electron Device Lifts Earnings and Dividend Outlook on Strong First-Half Recovery

Oct 28, 2026

Tokyo Electron Device Limited reported a sharp rebound in performance for the six months ended Sept. 30, 2026, with net sales climbing 30.9% year on year to ¥125.96 billion and operating income more than doubling. Net income attributable to owne...

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: Oct 30, 2026