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Adtec Plasma Technology Co., Ltd. (JP:6668)
:6668
Japanese Market
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Adtec Plasma Technology Co., Ltd. (6668) AI Stock Analysis

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JP:6668

Adtec Plasma Technology Co., Ltd.

(6668)

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Neutral 69 (OpenAI - Gpt-5.6Sol)
Rating:69Neutral
Price Target:
¥5,787.00
▲(360.38% Upside)
Action:Reiterated
Date:10/22/26
The score is driven primarily by solid fundamentals with strong 2026 growth and healthy margins, tempered by weaker and more volatile cash-flow conversion. Technicals add support due to a clear uptrend across key moving averages with moderate momentum, while valuation is a modest offset given a mid-level P/E and low dividend yield.
Positive Factors
Revenue growth and profitability
Strong 2026 growth alongside healthy gross, operating, and net margins indicates improving demand and meaningful profitability in the core business. This combination can support internal investment, strengthen customer and product economics, and provide resilience across the next several quarters.
Negative Factors
Weak and volatile cash conversion
The decline in operating cash flow despite profitable operations signals that earnings are not converting consistently into cash. Persistent conversion weakness could constrain reinvestment, debt reduction, and shareholder returns, while the historical volatility makes future cash generation less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and profitability
Strong 2026 growth alongside healthy gross, operating, and net margins indicates improving demand and meaningful profitability in the core business. This combination can support internal investment, strengthen customer and product economics, and provide resilience across the next several quarters.
Read all positive factors

Adtec Plasma Technology Co., Ltd. (6668) vs. iShares MSCI Japan ETF (EWJ)

Adtec Plasma Technology Co., Ltd. Business Overview & Revenue Model

Company Description
Adtec Plasma Technology Co., Ltd., headquartered in Fukuyama, Japan, specializes in the development, manufacturing, sales, and technical servicing of radio frequency (RF) plasma generators, impedance matching units, and digital RF power tracers. O...
How the Company Makes Money
Adtec Plasma Technology generates revenue primarily from (1) product sales of plasma-process power electronics and related components used in manufacturing equipment, and (2) associated engineering/support services tied to those products. 1) Sale...

Adtec Plasma Technology Co., Ltd. Financial Statement Overview

Summary
Income statement strength (score 76) is supported by strong 2026 revenue growth (+21.1% YoY) and healthy profitability (gross margin ~42%, EBIT margin ~18.5%, mid-teen net margin). Balance sheet is improving (score 68) with lower debt-to-equity (~0.73 in 2026 vs >1.0 in 2023–2024), but absolute debt remains material (¥11.3B). Cash flow is the main drag (score 57): operating cash flow declined in 2026 and cash conversion was weak (~22% of net income), with a history of volatility in 2021–2023.
Income Statement
76
Positive
Balance Sheet
68
Positive
Cash Flow
57
Neutral
BreakdownAug 2026Aug 2025Aug 2024Aug 2023Aug 2022
Income Statement
Total Revenue13.88B12.68B11.30B12.50B12.34B
Gross Profit5.84B4.73B4.11B5.04B5.34B
EBITDA3.15B2.38B2.01B2.56B3.01B
Net Income2.13B2.01B1.21B1.68B2.17B
Balance Sheet
Total Assets29.52B27.22B26.65B27.25B20.83B
Cash, Cash Equivalents and Short-Term Investments9.42B8.28B6.39B5.93B4.28B
Total Debt11.27B12.29B13.22B14.61B9.40B
Total Liabilities13.99B14.03B14.55B16.38B11.68B
Stockholders Equity15.51B13.18B12.10B10.87B9.15B
Cash Flow
Free Cash Flow1.69B3.10B2.10B-3.38B-3.26B
Operating Cash Flow2.10B3.36B3.03B-1.50B-1.58B
Investing Cash Flow-247.00M-259.00M-937.00M-1.94B-1.93B
Financing Cash Flow-1.33B-1.10B-1.67B5.00B4.43B

Adtec Plasma Technology Co., Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1257.00
Price Trends
50DMA
4344.05
Positive
100DMA
3878.43
Positive
200DMA
2995.16
Positive
Market Momentum
MACD
173.44
Positive
RSI
59.32
Neutral
STOCH
52.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6668, the sentiment is Positive. The current price of 1257 is below the 20-day moving average (MA) of 4954.25, below the 50-day MA of 4344.05, and below the 200-day MA of 2995.16, indicating a bullish trend. The MACD of 173.44 indicates Positive momentum. The RSI at 59.32 is Neutral, neither overbought nor oversold. The STOCH value of 52.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6668.

Adtec Plasma Technology Co., Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
¥51.33B11.58―1.55%15.89%2.08%
69
Neutral
¥45.32B20.31―0.57%9.50%6.23%
69
Neutral
¥112.46B21.3330.34%0.15%54.05%121.12%
69
Neutral
¥199.58B17.08―2.85%16.79%100.39%
67
Neutral
¥142.82B31.414.63%2.13%-8.46%-40.41%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
61
Neutral
¥53.92B-19.82―4.20%17.15%-463.16%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:6668
Adtec Plasma Technology Co., Ltd.
5,280.00
4,067.74
335.55%
JP:5310
Toyo Tanso Co., Ltd.
6,810.00
2,281.93
50.40%
JP:6946
Nippon Avionics Co., Ltd.
6,710.00
1,218.42
22.19%
JP:6516
Sanyo Denki Co., Ltd.
5,270.00
1,690.33
47.22%
JP:6637
Terasaki Electric Co., Ltd.
3,940.00
-790.00
-16.70%
JP:6905
Cosel Co., Ltd.
1,311.00
143.35
12.28%
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: Oct 22, 2026