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Techno Medica Co., Ltd.
(6678)
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Rating:82Outperform
Price Target:
¥2,510.00
▲(11.80% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial stability (notably a debt-free balance sheet) and solid underlying margins, supported by an attractive valuation (moderate P/E and high dividend yield). Technicals are positive with price above major moving averages, though momentum is somewhat stretched (very high Stoch), which modestly tempers the overall score.
Positive Factors
Debt-free balance sheet
A debt-free structure reduces refinancing and interest-rate risk while preserving financial flexibility. The substantial equity base should help Techno Medica fund operations, product development, and investment through weaker business cycles.
Negative Factors
Uneven revenue growth
Repeated year-to-year revenue declines indicate that demand and order timing are not consistently expanding. This limits visibility into the company’s long-term growth path and makes future earnings more dependent on periodic recoveries.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free structure reduces refinancing and interest-rate risk while preserving financial flexibility. The substantial equity base should help Techno Medica fund operations, product development, and investment through weaker business cycles.
Read all positive factors
Techno Medica Co., Ltd. (6678) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥17.39B
Dividend Yield6.32%
Average Volume (3M)11.22K
Price to Earnings (P/E)11.5
Beta (1Y)0.55
Revenue Growth20.88%
EPS Growth44.61%
CountryJP
Employees239
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)176.76
Shares Outstanding8,760,000
10 Day Avg. Volume11,090
30 Day Avg. Volume11,223
Financial Highlights & Ratios
PEG Ratio2.14
Price to Book (P/B)1.12
Price to Sales (P/S)1.44
P/FCF Ratio15.13
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
Techno Medica Co., Ltd. Business Overview & Revenue Model
Company Description
Techno Medica Co., Ltd. is a Japanese company that specializes in the entire lifecycle of in-vitro diagnostic analyzers, covering their research, development, manufacturing, distribution, and international trade. Their product portfolio includes a...
How the Company Makes Money
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Techno Medica Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.68B | 11.24B | 9.91B | 10.28B | 9.37B | 9.70B |
| Gross Profit | 5.48B | 5.24B | 4.88B | 5.10B | 4.59B | 4.78B |
| EBITDA | 2.00B | 1.76B | 1.40B | 1.95B | 1.76B | 1.96B |
| Net Income | 1.21B | 1.07B | 1.00B | 1.35B | 1.15B | 1.28B |
Balance Sheet | ||||||
| Total Assets | 16.24B | 17.97B | 17.94B | 17.43B | 19.44B | 18.51B |
| Cash, Cash Equivalents and Short-Term Investments | 8.68B | 8.98B | 9.06B | 8.59B | 11.75B | 11.52B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.53B | 3.56B | 3.55B | 3.62B | 3.06B | 2.86B |
| Stockholders Equity | 13.71B | 14.41B | 14.39B | 13.82B | 16.39B | 15.65B |
Cash Flow | ||||||
| Free Cash Flow | 111.27M | 1.07B | 952.67M | 1.10B | 748.50M | 2.00B |
| Operating Cash Flow | 134.23M | 1.10B | 977.53M | 1.14B | 887.24M | 2.06B |
| Investing Cash Flow | -25.85M | -39.76M | -32.34M | -100.72M | -155.37M | 2.49B |
| Financing Cash Flow | -234.69M | -1.15B | -470.16M | -4.21B | -505.09M | -598.64M |
Techno Medica Co., Ltd. Technical Analysis
Negative
2245.00
Price Trends
2051.50
Negative
2081.26
Negative
2152.03
Negative
Market Momentum
-6.27
Positive
45.53
Neutral
13.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6678, the sentiment is Negative. The current price of 2245 is above the 20-day moving average (MA) of 2093.00, above the 50-day MA of 2051.50, and above the 200-day MA of 2152.03, indicating a bearish trend. The MACD of -6.27 indicates Positive momentum. The RSI at 45.53 is Neutral, neither overbought nor oversold. The STOCH value of 13.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6678.
Techno Medica Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥17.39B | 11.54 | ― | 6.32% | 20.88% | 44.61% | |
63 Neutral | ¥248.29B | 18.10 | ― | 2.11% | 1.43% | 1.86% | |
62 Neutral | ¥8.98B | 10.67 | ― | 2.74% | 9.02% | 8.88% | |
57 Neutral | ¥77.18B | 21.71 | ― | 2.48% | 2.94% | 57.05% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | ¥17.59B | -79.81 | ― | 2.54% | -6.64% | 67.08% | |
47 Neutral | ¥182.84B | 19.82 | 5.76% | 2.92% | 3.04% | -19.26% |
* Healthcare Sector Average
JP:6678
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Techno Medica Co., Ltd. Corporate Events
Techno Medica Posts Strong Q1 Profit Rebound but Trims Dividend Outlook
Aug 5, 2026
Techno Medica Co., Ltd. reported a sharp recovery in earnings for the three months ended June 30, 2026, with net sales rising 25.3% year on year to ¥2,202 million and ordinary profit surging to ¥243 million. Profit jumped to ¥158 mi...
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.