JTEC Corp. (Osaka) (3446) AI Stock Analysis

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JTEC Corp. (Osaka)

(TSE/TYO:3446)

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Rating:38Underperform

Price Target:JPY 1,090.00▼(-6.03% Downside)

Action:downgraded

Date:11/14/26

The overall score is very low, driven primarily by a severe deterioration in financial performance. The company is burning cash with deeply negative free cash flow and a near-total collapse in net profitability, despite a strong balance sheet. This fundamental weakness is confirmed by a bearish technical trend, with the stock in a clear downtrend across all major moving averages. The extremely high P/E ratio adds further downside risk, as current earnings do not support the valuation.

Positive Factors

Conservative balance sheetLow leverage gives the company a meaningful financial buffer: debt-to-equity is about 0.15 and has improved from roughly 0.30 in FY2022. This reduces balance-sheet strain and preserves flexibility to fund operations or respond to weaker earnings without heavy refinancing pressure.

Negative Factors

Revenue and margin deteriorationTTM revenue fell 3.8% and net margin compressed to about 1.2%, from roughly 3.0% in FY2026 and 9.9% in FY2024. EBIT margin also declined to about 1.6%, showing that weaker sales and operating leverage are materially reducing earnings capacity.

JTEC Corp. (Osaka) (3446) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 6.85B
Dividend Yield: ―
Average Volume (3M): 25.23K
Price to Earnings (P/E): 292.9
Beta (1Y): 1.64
Revenue Growth: -2.29%
EPS Growth: -49.10%
Country: Japan
Employees: 73
Sector: General
Sector Strength: 55
Industry: Medical - Instruments & Supplies

JTEC Corp. (Osaka) Business Overview & Revenue Model

Company Description

JTEC Corporation specializes in the full spectrum of automation systems, from their initial development and design to manufacturing and ultimate sale. The company's activities are divided into two core segments: Optical Business and the Development o...

JTEC Corp. (Osaka) Financial Statement Overview

Summary

Financial performance is severely strained. While the balance sheet is strong with very low debt, the income statement shows collapsing profitability (net margin fell from 12.5% to 1.2%) and declining revenue. The cash flow statement is a critical weakness, with deeply negative free cash flow and an alarmingly low cash conversion rate, indicating unsustainable operations.

Income Statement

28Negative

Balance Sheet

72Positive

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	1.88B	1.96B	1.93B	2.01B	1.91B	1.15B
Gross Profit	1.19B	1.24B	1.18B	1.25B	1.16B	699.91M
EBITDA	203.37M	240.36M	272.57M	434.99M	451.82M	60.37M
Net Income	23.12M	58.69M	60.35M	199.59M	238.19M	-32.13M
Balance Sheet
Total Assets	3.51B	3.61B	3.69B	3.57B	3.47B	3.23B
Cash, Cash Equivalents and Short-Term Investments	665.07M	514.88M	712.38M	610.23M	783.13M	732.32M
Total Debt	398.14M	420.16M	495.51M	521.96M	597.89M	674.06M
Total Liabilities	811.02M	758.21M	912.60M	870.74M	986.11M	999.46M
Stockholders Equity	2.70B	2.85B	2.78B	2.70B	2.48B	2.23B
Cash Flow
Free Cash Flow	-122.18M	-49.24M	182.82M	-78.75M	132.40M	171.31M
Operating Cash Flow	30.44M	119.97M	286.48M	62.65M	210.36M	284.19M
Investing Cash Flow	-213.82M	-230.43M	-104.29M	-160.71M	-84.74M	-132.59M
Financing Cash Flow	-88.26M	-87.78M	-79.91M	-75.53M	-75.50M	-273.58M

JTEC Corp. (Osaka) Technical Analysis

Technical Analysis SentimentNegative

Last Price1160.00

Price Trends

50DMA1464.78Negative

100DMA1546.71Negative

200DMA1704.96Negative

Market Momentum

MACD-81.68Positive

RSI35.92Neutral

STOCH29.50Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3446, the sentiment is Negative. The current price of 1160.00 is below the 20-day moving average (MA) of 1322.60, below the 50-day MA of 1464.78, and below the 200-day MA of 1704.96, indicating a bearish trend. The MACD of -81.68 indicates Positive momentum. The RSI at 35.92 is Neutral, neither overbought nor oversold. The STOCH value of 29.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3446.

JTEC Corp. (Osaka) Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:3446 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:6869	77Outperform	JPY 1.25T	37.25	6.97%	1.87%	8.34%	-25.40%
JP:4543	71Outperform	JPY 3.78T	31.16	7.14%	1.38%	14.97%	-12.99%
JP:7733	65Neutral	JPY 1.97T	21.10	11.80%	3.38%	9.03%	-2.99%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:8086	43Neutral	JPY 251.01B	20.77	3.85%	2.26%	5.03%	-0.86%
JP:3446	38Underperform	JPY 6.91B	292.93	―	―	-2.29%	-49.10%

* General Sector Average

Performance Comparison

JP:3446 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3446	JTEC Corp. (Osaka)	1160.00	-209.00	-15.27%
JP:4543	Terumo	2400.00	33.16	1.40%
JP:8086	Nipro Corporation	1374.50	-67.63	-4.69%
JP:7733	Olympus Corp	1776.00	-218.44	-10.95%
JP:6869	Sysmex Corporation	2081.00	587.62	39.35%
JP:368A	Kitazato Corporation	1278.00	-182.73	-12.51%

JTEC Corp. (Osaka) Corporate Events

JTEC Reports Lower Sales and Increased Loss for Three Months Ended September 30

Nov 12, 2026

JTEC Corporation reported consolidated net sales of ¥158 million for the three months ended September 30, 2026, down 32.1% from a year earlier, while operating loss widened to ¥215 million from ¥172 million and net loss attributable to owners of pare...

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: Nov 14, 2026

JTEC Corp. (Osaka) AI Stock Analysis