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IDEC Corporation
(6652)
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Rating:70Outperform
Price Target:
¥4,538.00
▲(55.41% Upside)
Action:Upgraded
Date:08/17/26
The score is supported by strong technical momentum and a reasonable valuation with a solid dividend yield. These positives are tempered by financial performance concerns—most notably volatile earnings, uneven profitability/ROE, and inconsistent free-cash-flow conversion despite an improving leverage profile.
Positive Factors
Diversified industrial automation portfolio
The company serves industrial automation through a broad portfolio spanning control interfaces, safety equipment, relays, and related components. This product breadth supports multiple use cases across machinery and factory systems, providing a durable operating foundation beyond any single product category.
Negative Factors
Volatile revenue and profitability
Large swings in revenue and net margin make IDEC’s earnings power difficult to project over a multi-quarter horizon. The sharp profitability decline after FY2023 shows that weaker demand or operating conditions can materially reduce returns even when gross margin remains relatively stable.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified industrial automation portfolio
The company serves industrial automation through a broad portfolio spanning control interfaces, safety equipment, relays, and related components. This product breadth supports multiple use cases across machinery and factory systems, providing a durable operating foundation beyond any single product category.
Read all positive factors
IDEC Corporation (6652) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥104.30B
Dividend Yield3.54%
Average Volume (3M)126.44K
Price to Earnings (P/E)13.3
Beta (1Y)0.99
Revenue Growth17.10%
EPS Growth318.92%
CountryJP
Employees3,006
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)276.12
Shares Outstanding31,374,485
10 Day Avg. Volume151,740
30 Day Avg. Volume126,443
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.25
Price to Sales (P/S)1.20
P/FCF Ratio28.32
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)296.85
Revenue Forecast (FY)¥89.25B
IDEC Corporation Business Overview & Revenue Model
Company Description
IDEC Corporation specializes in providing a comprehensive array of products and services centered on control and safety technologies. Their offerings include a variety of industrial components such as human-machine interface devices like industria...
How the Company Makes Money
IDEC makes money primarily by manufacturing and selling industrial control and automation components to corporate customers (e.g., machinery and equipment makers, factory operators, and system integrators). Its revenue is mainly product-sales driv...
IDEC Corporation Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.64B | 72.97B | 67.38B | 72.71B | 83.87B | 70.79B |
| Gross Profit | 34.36B | 31.30B | 26.21B | 27.93B | 36.49B | 27.63B |
| EBITDA | 13.53B | 11.90B | 8.75B | 11.72B | 18.94B | 15.56B |
| Net Income | 8.16B | 3.87B | 1.78B | 4.41B | 10.14B | 7.89B |
Balance Sheet | ||||||
| Total Assets | 116.70B | 113.57B | 107.22B | 107.14B | 104.23B | 94.96B |
| Cash, Cash Equivalents and Short-Term Investments | 20.78B | 18.17B | 19.21B | 17.63B | 18.41B | 17.90B |
| Total Debt | 24.32B | 27.36B | 26.22B | 25.24B | 25.49B | 25.49B |
| Total Liabilities | 42.76B | 43.65B | 43.40B | 41.13B | 45.42B | 45.95B |
| Stockholders Equity | 73.94B | 69.92B | 63.81B | 66.01B | 58.81B | 48.97B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.09B | 2.39B | 3.70B | 4.42B | 7.93B |
| Operating Cash Flow | 0.00 | 7.44B | 11.25B | 5.50B | 7.01B | 9.65B |
| Investing Cash Flow | 0.00 | -5.30B | -4.10B | -1.92B | -3.11B | -1.29B |
| Financing Cash Flow | 0.00 | -3.69B | -2.90B | -4.46B | -4.40B | -8.68B |
IDEC Corporation Technical Analysis
Neutral
2920.00
Price Trends
3712.33
Negative
3475.95
Positive
3270.55
Positive
Market Momentum
10.43
Positive
37.45
Neutral
2.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6652, the sentiment is Neutral. The current price of 2920 is below the 20-day moving average (MA) of 3870.00, below the 50-day MA of 3712.33, and below the 200-day MA of 3270.55, indicating a neutral trend. The MACD of 10.43 indicates Positive momentum. The RSI at 37.45 is Neutral, neither overbought nor oversold. The STOCH value of 2.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6652.
IDEC Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥276.65B | 9.03 | 10.64% | 3.07% | 13.51% | 48.95% | |
77 Outperform | ¥397.91B | 15.10 | 10.02% | 13.19% | 15.90% | 104.65% | |
70 Outperform | ¥104.30B | 13.29 | ― | 3.54% | 17.10% | 318.92% | |
65 Neutral | ¥191.09B | 12.45 | 10.59% | 1.61% | 10.77% | 147.98% | |
64 Neutral | ¥76.17B | 10.42 | 8.18% | 2.32% | 14.68% | 69.21% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | ¥105.08B | 45.19 | 2.15% | 2.90% | -21.58% | -98.64% |
* Industrials Sector Average
JP:6652
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IDEC Corporation Corporate Events
IDEC Lifts Full-Year Earnings Outlook on Strong Automation Demand
Oct 2, 2026
IDEC Corporation has sharply raised its consolidated forecast for the fiscal year ending March 31, 2027, reflecting stronger-than-expected demand across semiconductor, robotics and machine tool markets, especially in Japan and China. The company n...
IDEC Delivers Surge in Quarterly Profit and Confirms Robust Full-Year Outlook
Aug 6, 2026
IDEC Corporation posted strong consolidated results for the quarter ended June 30, 2026, with net sales climbing 36.0% year on year to ¥21.4 billion and operating profit surging 656.4% to ¥2.46 billion. Ordinary profit rose 303.1% to ...
IDEC Completes Restricted Stock Treasury Disposal for Executive Compensation
Jul 17, 2026
IDEC Corporation has completed the payment process for a previously approved disposal of treasury shares to be used as restricted stock remuneration for its executive officers. The company disposed of 2,530 shares of common stock at 3,155 yen per ...
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.