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Tekscend Photomask Corp.
(429A)
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Rating:57Neutral
Price Target:
¥3,798.00
▲(1.42% Upside)
Action:Reiterated
Date:07/24/26
The score is primarily driven by solid financial safety from a low-leverage balance sheet and a rebound to healthy profitability, offset by highly volatile revenue and weak/uneven free-cash-flow conversion. Technically, the trend is mildly supportive but momentum signals are mixed, while valuation is the main headwind given the relatively high P/E and only modest dividend yield.
Positive Factors
Low Financial Leverage
A near-zero debt burden reduces financial risk and preserves flexibility across the semiconductor cycle. With fewer obligations competing for cash, Tekscend can better withstand weaker periods and retain capacity to support operations or pursue opportunities without relying heavily on refinancing.
Negative Factors
Highly Volatile Revenue
Large year-to-year revenue swings make the company’s operating outlook difficult to predict and reduce confidence in the durability of recent earnings. Such volatility can complicate production planning, resource allocation, and assessment of sustainable growth over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
A near-zero debt burden reduces financial risk and preserves flexibility across the semiconductor cycle. With fewer obligations competing for cash, Tekscend can better withstand weaker periods and retain capacity to support operations or pursue opportunities without relying heavily on refinancing.
Read all positive factors
Tekscend Photomask Corp. (429A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥385.62B
Dividend Yield1.44%
Average Volume (3M)557.38K
Price to Earnings (P/E)20.3
Beta (1Y)2.23
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees1,944
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)N/A
Shares Outstanding99,385,490
10 Day Avg. Volume350,340
30 Day Avg. Volume557,383
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.61
Price to Sales (P/S)2.17
P/FCF Ratio98.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tekscend Photomask Corp. Business Overview & Revenue Model
Company Description
Tekscend Photomask Corp. develops, manufactures, and distributes semiconductor photomasks in Japan and Internationally. The company offers photomasks for semiconductors that include binary, phase shift, EUV, and stencil masks; photomasks for vario...
How the Company Makes Money
Tekscend Photomask Corp. primarily makes money by manufacturing and selling photomasks used in semiconductor lithography. Its core revenue stream is customer orders for photomask sets (e.g., masks required to pattern layers of an integrated circui...
Tekscend Photomask Corp. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
86
Very Positive
Cash Flow
43
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 102.56B | 129.58B | 117.97B | 705.91M | 760.60M |
| Gross Profit | 33.92B | 43.27B | 41.13B | 208.14M | 299.72M |
| EBITDA | 36.35B | 46.02B | 283.99M | 229.85M | 280.76M |
| Net Income | 17.95B | 24.95B | 9.95B | 106.16M | 167.23M |
Balance Sheet | |||||
| Total Assets | 229.96B | 230.73B | 1.12B | 1.25B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 50.10B | 51.55B | 185.24M | 417.18M | 344.88M |
| Total Debt | 12.69B | 1.46B | 798.00M | 53.56M | 63.89M |
| Total Liabilities | 52.46B | 56.22B | 343.35M | 344.08M | 357.42M |
| Stockholders Equity | 177.49B | 174.51B | 116.38B | 907.78M | 834.73M |
Cash Flow | |||||
| Free Cash Flow | 11.56B | 2.85B | -4.53B | 11.70B | 35.87B |
| Operating Cash Flow | 38.62B | 36.06B | 26.23B | 28.64B | 43.34B |
| Investing Cash Flow | -26.97B | -35.15B | -32.88B | -13.90B | 3.65B |
| Financing Cash Flow | 13.58B | 19.86B | -28.54B | -1.61B | -1.35B |
Tekscend Photomask Corp. Technical Analysis
Positive
3745.00
Price Trends
3832.70
Positive
4065.60
Negative
3577.85
Positive
Market Momentum
-13.70
Negative
53.56
Neutral
63.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:429A, the sentiment is Positive. The current price of 3745 is below the 20-day moving average (MA) of 3754.75, below the 50-day MA of 3832.70, and above the 200-day MA of 3577.85, indicating a bullish trend. The MACD of -13.70 indicates Negative momentum. The RSI at 53.56 is Neutral, neither overbought nor oversold. The STOCH value of 63.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:429A.
Tekscend Photomask Corp. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥2.97B | 28.66 | ― | 3.19% | 29.17% | -62.19% | |
64 Neutral | ¥3.37B | 67.96 | ― | 0.95% | 5.55% | ― | |
57 Neutral | ¥385.62B | 20.25 | ― | 1.44% | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ¥4.55B | 12.96 | ― | 2.36% | 4.51% | 40.20% | |
46 Neutral | ¥3.18B | 14.31 | ― | 0.31% | 36.25% | ― | |
44 Neutral | ¥3.85B | -300.00 | ― | 1.72% | -0.43% | 73.73% |
* General Sector Average
JP:429A
Tekscend Photomask Corp.
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Tekscend Photomask Corp. Corporate Events
Tekscend Photomask Lifts Revenue and Equity Base but Flags Profit Pressure
Aug 6, 2026
Tekscend Photomask reported a 14.8% year-on-year increase in first-quarter revenue to ¥34.5 billion, with operating profit up 25.3% and profit before tax rising 19.5%, though profit for the period slipped 3.2% to ¥5.3 billion. Equity att...
Tekscend Photomask details ties and independence from major shareholder Toppan
Jun 30, 2026
Tekscend Photomask Corp. operates in the semiconductor-related photomask industry, having been created through the spin-off of Toppan Holdings Inc.’s photomask business. Its Asaka Plant sits on land leased from Toppan, and key infrastructure...
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.