OKI Electric Industry Company (6703) AI Stock Analysis

OKI Electric Industry Company

(TSE/TYO:6703)

Select Model

Rating:77Outperform

Price Target:JPY 3,223.00▲(35.53% Upside)

Action:upgraded

Date:08/19/26

The overall score is driven primarily by the company’s improved profitability, stronger balance sheet, and attractive valuation, offset by a track record of cyclical and volatile financial performance and currently soft technical momentum with elevated share price volatility.

Positive Factors

Profitability RecoveryThe recovery in margins shows that OKI is converting its recent demand improvement into healthier operating profitability. If maintained, stronger margins can support reinvestment, improve resilience across its communications and equipment businesses, and provide a firmer earnings base over the next several quarters.

Negative Factors

Cyclical Earnings HistoryOKI’s recent improvement follows a weaker earnings base and a history of meaningful revenue and profit swings. That pattern suggests earnings power may be cyclical rather than steadily compounding, making future profitability more dependent on business-cycle conditions and sustained demand recovery.

OKI Electric Industry Company (6703) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 1.21B
Dividend Yield: 2.70%
Average Volume (3M): 646.61K
Price to Earnings (P/E): 8.2
Beta (1Y): 1.73
Revenue Growth: -3.84%
EPS Growth: 183.41%
Country: Japan
Employees: 11,925
Sector: Technology
Sector Strength: 61
Industry: Communication Equipment

OKI Electric Industry Company Business Overview & Revenue Model

Company Description

Oki Electric Industry Co., Ltd. develops, produces, and markets an extensive array of technologies, software, and comprehensive solutions tailored for telecommunications and information systems, serving clients both in Japan and globally. Its busines...

OKI Electric Industry Company Financial Statement Overview

Summary

Financials show a strong turnaround with solid margins, reduced leverage, and positive free cash flow, though revenue, earnings, and cash flows remain somewhat volatile and cyclical.

Income Statement

78Positive

Balance Sheet

86Very Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	422.70B	421.63B	452.46B	421.85B	369.10B	352.06B
Gross Profit	103.53B	105.16B	113.36B	105.41B	86.19B	90.12B
EBITDA	43.82B	44.41B	32.47B	35.37B	13.85B	18.11B
Net Income	25.61B	21.51B	12.48B	25.65B	-2.80B	2.07B
Balance Sheet
Total Assets	414.92B	445.21B	410.96B	423.40B	390.43B	369.17B
Cash, Cash Equivalents and Short-Term Investments	44.53B	35.90B	36.87B	35.04B	37.75B	36.69B
Total Debt	87.78B	94.02B	103.00B	118.43B	128.65B	100.83B
Total Liabilities	243.03B	264.79B	265.22B	282.08B	291.14B	261.53B
Stockholders Equity	171.79B	180.33B	145.67B	141.25B	99.21B	107.58B
Cash Flow
Free Cash Flow	22.15B	12.36B	28.76B	12.53B	-13.64B	-10.89B
Operating Cash Flow	31.97B	20.65B	39.26B	24.72B	-3.15B	5.92B
Investing Cash Flow	2.20B	-10.28B	-19.63B	-14.34B	-17.62B	-17.60B
Financing Cash Flow	-21.61B	-11.87B	-17.86B	-15.71B	23.27B	1.68B

OKI Electric Industry Company Technical Analysis

Technical Analysis SentimentNegative

Last Price2378.00

Price Trends

50DMA2667.74Negative

100DMA2937.97Negative

200DMA2874.92Negative

Market Momentum

MACD-70.85Positive

RSI38.16Neutral

STOCH39.45Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6703, the sentiment is Negative. The current price of 2378.00 is below the 20-day moving average (MA) of 2581.30, below the 50-day MA of 2667.74, and below the 200-day MA of 2874.92, indicating a bearish trend. The MACD of -70.85 indicates Positive momentum. The RSI at 38.16 is Neutral, neither overbought nor oversold. The STOCH value of 39.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6703.

OKI Electric Industry Company Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:6703 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:6835	80Outperform	JPY 31.72B	9.54	16.04%	2.59%	>-0.01%	-7.51%
JP:6820	77Outperform	JPY 51.96B	16.76	―	2.07%	4.53%	36.26%
JP:6703	77Outperform	JPY 208.45B	8.15	15.75%	2.70%	-3.84%	183.41%
JP:6287	74Outperform	JPY 85.57B	13.37	7.59%	2.95%	9.85%	-10.51%
JP:6718	74Outperform	JPY 42.16B	13.42	―	4.86%	0.84%	22.33%
JP:6771	68Neutral	JPY 4.25B	12.10	―	2.26%	8.65%	177.02%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

* Technology Sector Average

Performance Comparison

JP:6703 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:6703	OKI Electric Industry Company	2407.00	638.96	36.14%
JP:6835	Allied Telesis Holdings KK	305.00	102.17	50.37%
JP:6287	Sato Holdings Corporation	2642.00	467.20	21.48%
JP:6718	Aiphone Co., Ltd.	2675.00	50.28	1.92%
JP:6771	Ikegami Tsushinki Co., Ltd.	665.00	70.34	11.83%
JP:6820	Icom Incorporated	3620.00	486.11	15.51%

OKI Electric Industry Company Corporate Events

Oki Electric seals split deal with Hitachi unit to form ATM joint venture

Aug 17, 2026

Oki Electric Industry has signed an absorption-type company split agreement with Hitachi Channel Solutions as part of a previously announced plan to integrate their automated equipment businesses, including ATMs, into a joint venture. The structure w...

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 01, 2026

OKI Electric Industry Company AI Stock Analysis