MACNICA HOLDINGS INC. (3132) AI Stock Analysis

• Market Cap: ¥376.39B
• Dividend Yield: 3.27%
• Average Volume (3M): 530.84K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 1.09
• Revenue Growth: 5.26%
• EPS Growth: -46.95%
• Country: JP
• Employees: 4,768
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 28.54
• Shares Outstanding: 179,072,140
• 10 Day Avg. Volume: 458,920
• 30 Day Avg. Volume: 530,843
• PEG Ratio: -0.29
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.33
• P/FCF Ratio: 15.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,248.00
• Price Target Upside: 6.14% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ¥2,248.00 ▲(6.14% Upside)

The overall stock score of 69 reflects a balanced view of MACNICA HOLDINGS INC.'s stable financial performance and reasonable valuation. The technical analysis indicates a positive trend, but with limited momentum. The company's financial health is solid, but there is room for improvement in profitability and operational efficiency.

MACNICA HOLDINGS INC. Business Overview & Revenue Model

Company Description

Macnica Holdings Inc. (3132) is a Japanese company specializing in the distribution of electronic components, semiconductors, and network equipment. The company operates through various sectors, including semiconductors, network solutions, and cybersecurity. Macnica provides a range of services such as system integration, technical support, and consulting, aiming to deliver comprehensive solutions to its clients in various industries, including automotive, telecommunications, and IT.

How the Company Makes Money

Macnica Holdings Inc. generates revenue primarily through the distribution and sale of electronic components and semiconductors. The company procures these products from major global manufacturers and supplies them to a wide array of industries, thereby earning a margin on the products sold. Key revenue streams include the sale of semiconductors used in automotive and industrial applications, as well as network equipment and cybersecurity solutions. Additionally, Macnica offers value-added services such as system integration, technical support, and consulting, which contribute to its revenue. Strategic partnerships with leading technology providers enhance its product offerings and market reach, further supporting its earnings.

MACNICA HOLDINGS INC. Financial Statement Overview

Summary

MACNICA HOLDINGS INC. demonstrates stable revenue growth and efficient cash flow management. However, declining profitability margins and return on equity indicate potential challenges in cost management and profitability. The company's financial leverage is well-managed, but improving operational efficiency and profitability should be a focus to enhance overall financial health.

Income Statement

MACNICA HOLDINGS INC. shows a stable revenue growth trend with a TTM revenue growth rate of 2.45%. The gross profit margin is consistent at around 11.7%, indicating stable cost management. However, the net profit margin has decreased to 2.44% in the TTM, reflecting potential cost pressures or increased expenses. The EBIT and EBITDA margins are relatively stable, suggesting operational efficiency, but there's a noticeable decline from previous years, indicating room for improvement.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of 0.30, indicating prudent financial leverage. The return on equity is 10.01% in the TTM, which is a decline from previous years, suggesting reduced profitability. The equity ratio is stable, indicating a solid capital structure. However, the decrease in ROE highlights the need for improved profitability.

Cash Flow

The free cash flow growth rate is strong at 33.4% in the TTM, indicating improved cash generation. However, the operating cash flow to net income ratio is low at 0.08, suggesting potential challenges in converting income into cash. The free cash flow to net income ratio is high at 0.93, reflecting efficient cash flow management despite the low operating cash flow coverage.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.06T	1.03T	1.03T	1.03T	761.82B	553.96B
Gross Profit	117.97B	121.25B	129.62B	125.90B	90.72B	64.84B
EBITDA	36.85B	43.29B	71.77B	64.14B	40.77B	18.70B
Net Income	22.34B	25.28B	48.07B	41.03B	25.80B	10.88B
Balance Sheet
Total Assets	548.51B	556.44B	552.24B	517.62B	362.58B	269.59B
Cash, Cash Equivalents and Short-Term Investments	49.17B	48.53B	38.71B	37.57B	25.17B	25.44B
Total Debt	68.78B	75.92B	64.86B	55.32B	59.16B	32.05B
Total Liabilities	288.82B	294.96B	295.82B	309.86B	182.82B	123.58B
Stockholders Equity	250.62B	252.41B	244.31B	199.79B	170.13B	142.18B
Cash Flow
Free Cash Flow	30.11B	22.57B	37.68B	36.75B	-19.09B	35.69B
Operating Cash Flow	31.68B	24.23B	39.95B	38.90B	-15.53B	38.08B
Investing Cash Flow	-7.54B	-7.96B	-18.46B	-869.00M	-1.65B	-2.18B
Financing Cash Flow	-22.10B	-5.84B	-23.01B	-27.10B	14.37B	-26.19B

MACNICA HOLDINGS INC. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2118.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3132, the sentiment is Positive. The current price of 2118 is above the 20-day moving average (MA) of 2070.92, above the 50-day MA of 2035.04, and above the 200-day MA of 1868.23, indicating a bullish trend. The MACD of 29.07 indicates Negative momentum. The RSI at 56.39 is Neutral, neither overbought nor oversold. The STOCH value of 56.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3132.

MACNICA HOLDINGS INC. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7609	81 Outperform	47.27B	9.62	13.29%	3.13%	7.19%	45.73%
3131	81 Outperform	6.71B	8.60	8.68%	3.79%	4.66%	8.00%
7420	76 Outperform	27.17B	10.66	7.81%	4.54%	5.49%	17.69%
7510	76 Outperform	33.08B	13.56	6.51%	2.99%	2.04%	-11.59%
3156	74 Outperform	79.38B	16.08	8.70%	4.55%	5.82%	-45.94%
3132	69 Neutral	¥376.39B	16.98		3.27%	5.26%	-46.95%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

MACNICA HOLDINGS INC. Corporate Events

Macnica Holdings Reports Q1 2025 Financial Results with Mixed Performance

Macnica Holdings, Inc. reported its consolidated financial results for the three months ended June 30, 2025, showing a 9.9% increase in net sales compared to the previous year. However, the company experienced a significant decline in operating income, ordinary income, and net income attributable to owners of the parent, with decreases of 32.0%, 57.5%, and 36.6% respectively. The company also announced a forecast for the fiscal year ending March 31, 2026, with expected net sales of 1,050,000 million yen, indicating a 1.5% year-on-year increase, and a projected net income attributable to owners of the parent of 27,000 million yen, reflecting a 6.8% increase. Despite the financial challenges in the first quarter, the company maintains a stable equity ratio and plans to continue its dividend payments.

Macnica Holdings Completes Treasury Share Disposition

Macnica Holdings, Inc. has completed the payment procedure for the disposition of 148,446 treasury shares under a restricted share remuneration plan, as resolved in a recent board meeting. This move is part of the company’s strategic financial management, potentially impacting its financial structure and stakeholder interests.

Macnica Holdings Implements Restricted Share Remuneration Scheme

Macnica Holdings, Inc. has announced a resolution to dispose of treasury shares under a restricted share remuneration scheme. This decision, made by the Board of Directors, aims to reward directors, executive officers, fellows, and certain employees of subsidiaries by granting them shares with restricted transfer. The initiative is designed to align the interests of these stakeholders with the company’s performance, potentially enhancing their commitment and contribution to the company’s growth.