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RS Technologies Co. Ltd. (3445) AI Stock Analysis

JP:3445

RS Technologies Co. Ltd.

(TSE/TYO:3445)

Select Model
Rating:66Neutral
Price Target:JPY 5,265.00â–²(8.00% Upside)
Action:downgraded
Date:08/09/26

The stock scores 66, reflecting a balanced view. Strong revenue growth, solid balance sheet, and healthy cash flows are positives, but margin compression and short-term technical weakness temper enthusiasm. Valuation is fair, offering moderate upside if operational efficiency improves.

Positive Factors
Strong revenue growthStrong multi-year revenue expansion, including renewed acceleration in 2025, indicates continued business scale-up and customer demand. If this growth persists, it can support operating leverage, provide resources for reinvestment, and strengthen the company’s competitive position over the next several quarters.
Negative Factors
Rising leverageThe meaningful 2025 increase in debt and higher leverage reduce balance-sheet flexibility relative to 2023–2024. Greater borrowing can constrain future capital allocation, increase sensitivity to financing requirements, and leave fewer resources available to support expansion if operating conditions weaken.

RS Technologies Co. Ltd. (3445) vs. iShares MSCI Japan ETF (EWJ)

-25%0%25%50%75%100%125%JP:3445+28.30%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 129.66B
Dividend Yield
0.92%
Average Volume (3M)
233.21K
Price to Earnings (P/E)
13.4
Beta (1Y)
1.63
Revenue Growth
18.13%
EPS Growth
2.01%
Country
Japan
Employees
2,744
Sector
Technology
Sector Strength
61
Industry
Semiconductors

RS Technologies Co. Ltd. Business Overview & Revenue Model

Company Description

RS Technologies Co., Ltd. offers a comprehensive range of services and products to the global semiconductor industry, with a primary focus on reconditioning silicon wafers. The company also provides film deposition services for both new and recycled...

RS Technologies Co. Ltd. Financial Statement Overview

Summary

Revenue growth remains strong (+14.3%), balance sheet solid (debt/equity 0.32), and cash flow generation healthy (FCF ¥7.4B). However, margin compression (operating margin down to 18.6% from 29.1%) weighs on profitability. Overall financial health is sound but requires monitoring of cost trends.

Income Statement

58Neutral

Balance Sheet

72Positive

Cash Flow

68Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue79.30B76.71B59.20B51.89B49.86B34.62B
Gross Profit24.72B23.59B19.39B17.31B18.33B11.76B
EBITDA20.87B19.83B17.31B15.78B16.56B9.94B
Net Income9.65B9.30B9.45B7.70B7.74B3.30B
Balance Sheet
Total Assets216.97B205.22B182.47B141.09B127.99B79.36B
Cash, Cash Equivalents and Short-Term Investments97.29B96.77B85.22B70.76B67.94B27.77B
Total Debt12.27B23.44B12.28B6.66B9.37B9.41B
Total Liabilities46.27B51.89B46.93B25.66B26.52B24.41B
Stockholders Equity89.85B80.22B68.56B56.26B47.12B28.81B
Cash Flow
Free Cash Flow07.43B4.24B8.53B10.00B337.57M
Operating Cash Flow014.84B13.14B13.86B15.32B9.34B
Investing Cash Flow0-13.48B-6.61B-8.92B31.69B-13.02B
Financing Cash Flow08.56B1.94B-4.84B-491.96M5.48B

RS Technologies Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price4875.00

Price Trends

50DMA5641.40Negative
100DMA6328.10Negative
200DMA5498.10Negative

Market Momentum

MACD-274.15Positive
RSI35.39Neutral
STOCH52.86Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3445, the sentiment is Negative. The current price of 4875.00 is below the 20-day moving average (MA) of 5548.50, below the 50-day MA of 5641.40, and below the 200-day MA of 5498.10, indicating a bearish trend. The MACD of -274.15 indicates Positive momentum. The RSI at 35.39 is Neutral, neither overbought nor oversold. The STOCH value of 52.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3445.

RS Technologies Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:3445 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6323JP:632382OutperformJPY 651.04B26.68―0.92%10.13%30.31%
JP:6871JP:687174OutperformJPY 435.39B23.43―0.84%37.81%88.83%
JP:6387JP:638772OutperformJPY 57.19B25.6415.54%1.05%15.61%31.44%
JP:3445JP:344566NeutralJPY 129.66B13.40―0.92%18.13%2.01%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:6890JP:689054NeutralJPY 413.79B11.0912.97%1.91%42.63%139.80%
JP:6966JP:696653NeutralJPY 155.52B17.47―2.12%9.77%-4.59%

* Technology Sector Average

Performance Comparison

0%100%200%JP:3445JP:6890JP:6387JP:6323JP:6871JP:6966Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:3445 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3445RS Technologies Co. Ltd.4875.001075.2128.30%
JP:6890Ferrotec Holdings Corporation7666.002706.7054.58%
JP:6387SAMCO, Inc.7120.003005.9573.07%
JP:6323Rorze Corporation3698.001548.1772.01%
JP:6871Micronics Japan Co., Ltd.11335.002403.3626.91%
JP:6966Mitsui High-Tec, Inc.851.0096.6612.81%

RS Technologies Co. Ltd. Corporate Events

RS Technologies to Dissolve Huizhou Unit and Exit Automotive Camera Module Plans

Oct 9, 2026

RS Technologies Co., Ltd. operates in the electronics components sector, focusing on manufacturing and selling precision devices such as optical pickup modules. Through its consolidated subsidiary RS Precision Devices (Huizhou) Co., Ltd. in China, th...

RS Technologies Tightens Grip on Prime Wafer Operations Through GRITEK Buyouts

Sep 11, 2026

RS Technologies said its board has approved a reorganization of its prime wafer business centered on subsidiary GRINM Semiconductor Materials, aiming to consolidate management and boost competitiveness in 8-inch and 12-inch silicon wafers. The move p...

RS Technologies Subsidiary Extends Share Trading Suspension Amid Restructuring Review

Sep 4, 2026

RS Technologies has confirmed that its consolidated subsidiary GRINM Semiconductor Materials Co., Ltd., a core vehicle for its prime wafer operations, is proceeding with a review of organizational restructuring. This move reflects ongoing adjustments...

RS Technologies Moves to Fully Consolidate Chinese Prime Wafer Operations

Aug 30, 2026

RS Technologies Co., Ltd. has initiated a major restructuring of its prime wafer business through its Shanghai-listed subsidiary GRINM Semiconductor Materials Co., Ltd., aiming to consolidate full ownership of key manufacturing entities in China. The...

RS Technologies Publishes Transcript of FY2026 Q2 Financial Results Session

Aug 17, 2026

RS Technologies has published the transcript of its financial results interview for the second quarter of fiscal 2026, following a session held in mid-August where management discussed performance. The event featured CEO Nagayoshi Ho and senior finan...

RS Technologies Releases FY2026 2Q Results and Medium-Term Plan Outline

Aug 13, 2026

RS Technologies Co., Ltd. has released its financial results for the second quarter of fiscal year 2026, along with materials outlining its medium-term management plan for 2026 to 2028. The disclosure indicates the company is providing investors with...

RS Technologies Lifts Profits in First Half and Plans Higher Dividend Amid Semiconductor Expansion

Aug 13, 2026

RS Technologies Co., Ltd. reported consolidated net sales of ¥40.6 billion for the six months ended June 30, 2026, up 6.8% year on year, with operating profit rising 8.9% to ¥7.7 billion and profit attributable to owners of parent climbing...

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: Aug 09, 2026