Ogura Clutch Co., Ltd. (6408) AI Stock Analysis

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Ogura Clutch Co., Ltd.

(TSE/TYO:6408)

Select Model

Rating:66Neutral

Price Target:JPY 4,990.00▲(1.84% Upside)

Action:reiterated

Date:11/12/26

The score is supported by attractive valuation (very low P/E with a reasonable dividend) and positive technical momentum (trading above major moving averages with a positive MACD). Offsetting this, fundamentals are only moderate due to weak/negative recent revenue growth, elevated leverage, and inconsistent cash-flow quality.

Positive Factors

Earnings RecoveryThe recovery from losses in 2021–2022 to solid earnings in 2025–2026 indicates restored operating viability and gives the company a stronger base for investment and debt management. This improvement is meaningful, although future durability still depends on stabilizing revenue and maintaining margins.

Negative Factors

Weak Top-Line MomentumFlat revenue over several years followed by a 2026 decline suggests limited demand expansion and weak top-line momentum. Without sustained sales growth, the company has less opportunity to absorb fixed costs, improve operating leverage, or compound earnings despite the recent recovery in profitability.

Ogura Clutch Co., Ltd. (6408) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 7.15B
Dividend Yield: 3.06%
Average Volume (3M): 968
Price to Earnings (P/E): 3.7
Beta (1Y): 0.29
Revenue Growth: 2.62%
EPS Growth: 81.42%
Country: Japan
Employees: 1,755
Sector: Industrials
Sector Strength: 63
Industry: Industrial - Machinery

Ogura Clutch Co., Ltd. Business Overview & Revenue Model

Company Description

Headquartered in Kiryu, Japan, Ogura Clutch Co.,Ltd. is an international manufacturer and supplier of diverse clutch and brake components, established in 1938. The company's offerings cater to a broad spectrum of industries, from office automation eq...

How the Company Makes Money

Ogura Clutch makes money primarily by designing, manufacturing, and selling clutch and brake components and related assemblies to equipment and vehicle manufacturers and other industrial customers. Core revenue is generated from (1) product sales of...

Ogura Clutch Co., Ltd. Financial Statement Overview

Summary

Earnings have recovered versus prior loss years and equity is rebuilding, but revenue has been flat to declining (down in 2026), leverage remains elevated, and cash flow has been volatile with only modest, inconsistent free cash flow.

Income Statement

58Neutral

Balance Sheet

52Neutral

Cash Flow

47Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	41.66B	41.66B	43.91B	43.49B	44.20B	38.91B
Gross Profit	7.31B	7.31B	6.75B	5.93B	7.21B	5.64B
EBITDA	3.21B	3.22B	2.37B	1.54B	2.32B	669.00M
Net Income	1.50B	1.50B	1.16B	-598.00M	508.00M	-1.13B
Balance Sheet
Total Assets	47.29B	47.29B	47.01B	48.60B	48.33B	46.77B
Cash, Cash Equivalents and Short-Term Investments	8.56B	8.56B	7.93B	8.66B	7.10B	8.01B
Total Debt	18.63B	18.63B	18.81B	20.81B	20.17B	19.88B
Total Liabilities	27.43B	27.43B	29.31B	33.24B	33.27B	32.69B
Stockholders Equity	19.86B	19.86B	17.70B	15.36B	15.04B	14.06B
Cash Flow
Free Cash Flow	0	441.00M	603.00M	723.00M	-792.00M	-4.74B
Operating Cash Flow	0	1.61B	2.79B	2.93B	1.16B	-2.72B
Investing Cash Flow	0	-683.00M	-495.00M	-2.05B	-1.76B	-1.24B
Financing Cash Flow	0	-413.00M	-2.44B	295.00M	-593.00M	3.65B

Ogura Clutch Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price4900.00

Price Trends

50DMA4310.80Positive

100DMA4243.45Positive

200DMA4281.62Positive

Market Momentum

MACD102.79Negative

RSI72.76Negative

STOCH86.47Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6408, the sentiment is Positive. The current price of 4900.00 is above the 20-day moving average (MA) of 4369.75, above the 50-day MA of 4310.80, and above the 200-day MA of 4281.62, indicating a bullish trend. The MACD of 102.79 indicates Negative momentum. The RSI at 72.76 is Negative, neither overbought nor oversold. The STOCH value of 86.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6408.

Ogura Clutch Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

JP:6408 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:6371	78Outperform	JPY 278.43B	8.94	10.37%	3.02%	20.08%	36.75%
JP:5195	76Outperform	JPY 99.96B	9.13	―	5.47%	7.15%	267.28%
JP:6327	67Neutral	JPY 18.87B	20.86	―	0.83%	23.43%	40.78%
JP:6393	67Neutral	JPY 12.26B	8.81	―	5.02%	0.61%	3.85%
JP:6408	66Neutral	JPY 7.33B	3.65	―	3.06%	2.62%	81.42%
JP:6317	64Neutral	JPY 21.39B	10.20	―	5.12%	9.30%	3.84%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

* Industrials Sector Average

Performance Comparison

JP:6408 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:6408	Ogura Clutch Co., Ltd.	4900.00	1345.16	37.84%
JP:6371	Tsubakimoto Chain Co.	2653.00	589.63	28.58%
JP:5195	Bando Chemical Industries Ltd.	2377.00	523.72	28.26%
JP:6317	Kitagawa Corporation	2285.00	666.50	41.18%
JP:6327	Kitagawa Seiki Co., Ltd.	2402.00	1554.70	183.49%
JP:6393	Yuken Kogyo Co., Ltd.	2989.00	174.21	6.19%

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 12, 2026

Ogura Clutch Co., Ltd. AI Stock Analysis