Aiphone Co., Ltd. (6718) AI Stock Analysis

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Aiphone Co., Ltd.

(TSE/TYO:6718)

Select Model

Rating:74Outperform

Price Target:JPY 3,203.00▲(17.84% Upside)

Action:upgraded

Date:08/17/26

The score is driven primarily by solid underlying financial strength (notably the very low-leverage balance sheet) and attractive valuation (high dividend yield with a moderate P/E). Offsetting these positives are weaker recent profitability and uneven cash flow, including negative free cash flow in the latest year, while technical indicators are moderately supportive rather than strongly bullish.

Positive Factors

Very low leverageA conservatively financed balance sheet limits interest and refinancing risk, while the expanding equity base supports resilience and flexibility to fund product development, capital needs, and market opportunities.

Negative Factors

Margin compressionThe sharp decline from earlier margin highs signals pressure from pricing, product mix, or costs. If sustained, weaker margins could reduce earnings resilience and limit internally funded investment.

Aiphone Co., Ltd. (6718) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 44.52B
Dividend Yield: 4.78%
Average Volume (3M): 32.06K
Price to Earnings (P/E): 13.6
Beta (1Y): 0.59
Revenue Growth: -0.63%
EPS Growth: 15.90%
Country: Japan
Employees: 2,029
Sector: General
Sector Strength: 55
Industry: Communication Equipment

Aiphone Co., Ltd. Business Overview & Revenue Model

Company Description

Aiphone Co.,Ltd. is a global provider of communication and security technology, marketing its products under the AIPHONE brand. Their solutions cater to a wide array of sectors, including residential buildings, healthcare facilities (hospitals, nursi...

How the Company Makes Money

Aiphone makes money primarily by designing, manufacturing, and selling intercom and door entry communication products and integrated systems. Key revenue streams include (1) product sales of residential and apartment intercom systems (including video...

Aiphone Co., Ltd. Financial Statement Overview

Summary

Strong financial safety from a conservatively financed balance sheet (very low leverage), but operating performance has weakened: margins compressed notably into 2026 and cash generation turned inconsistent with negative free cash flow in 2026.

Income Statement

67Positive

Balance Sheet

90Very Positive

Cash Flow

52Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	62.28B	62.98B	63.32B	61.33B	52.81B	51.99B
Gross Profit	27.34B	26.51B	27.24B	26.53B	22.58B	23.96B
EBITDA	4.80B	3.87B	5.75B	7.24B	5.29B	7.01B
Net Income	3.08B	2.47B	3.62B	4.64B	2.93B	4.23B
Balance Sheet
Total Assets	79.65B	79.96B	78.77B	78.42B	70.60B	69.45B
Cash, Cash Equivalents and Short-Term Investments	26.37B	23.90B	25.53B	22.73B	14.98B	24.34B
Total Debt	467.00M	323.00M	413.00M	2.78B	325.00M	323.00M
Total Liabilities	9.09B	9.92B	12.01B	13.50B	12.20B	13.52B
Stockholders Equity	70.56B	70.03B	66.76B	64.91B	58.39B	55.93B
Cash Flow
Free Cash Flow	0	-1.25B	4.64B	8.27B	-7.93B	1.32B
Operating Cash Flow	0	2.17B	5.72B	9.06B	-4.78B	1.87B
Investing Cash Flow	0	-2.28B	-729.00M	-58.00M	-2.53B	3.73B
Financing Cash Flow	0	-2.34B	-2.41B	-1.70B	-1.76B	-1.33B

Aiphone Co., Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price2718.00

Price Trends

50DMA2741.20Negative

100DMA2735.00Negative

200DMA2737.27Negative

Market Momentum

MACD-19.12Negative

RSI52.33Neutral

STOCH47.44Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6718, the sentiment is Neutral. The current price of 2718.00 is above the 20-day moving average (MA) of 2693.40, below the 50-day MA of 2741.20, and below the 200-day MA of 2737.27, indicating a neutral trend. The MACD of -19.12 indicates Negative momentum. The RSI at 52.33 is Neutral, neither overbought nor oversold. The STOCH value of 47.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6718.

Aiphone Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:6718 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:6835	75Outperform	JPY 29.64B	9.16	16.04%	2.71%	>-0.01%	-7.51%
JP:6718	74Outperform	JPY 43.20B	13.62	―	4.78%	-0.63%	15.90%
JP:6771	68Neutral	JPY 4.01B	11.28	―	2.42%	8.65%	177.02%
JP:6703	67Neutral	JPY 214.16B	12.73	10.39%	2.53%	-0.76%	62.86%
JP:6675	63Neutral	JPY 32.41B	1.95	―	4.83%	-2.98%	322.40%
JP:6820	63Neutral	JPY 51.24B	13.95	―	2.08%	8.11%	61.38%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

JP:6718 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:6718	Aiphone Co., Ltd.	2718.00	31.24	1.16%
JP:6835	Allied Telesis Holdings KK	292.00	84.41	40.66%
JP:6703	OKI Electric Industry Company	2574.00	601.06	30.47%
JP:6675	SAXA Holdings, Inc.	1807.00	109.59	6.46%
JP:6771	Ikegami Tsushinki Co., Ltd.	620.00	24.36	4.09%
JP:6820	Icom Incorporated	3605.00	831.36	29.97%

Aiphone Co., Ltd. Corporate Events

Aiphone Profits Soar Despite Lower Sales, Confirms Robust Dividend and Growth Outlook

Aug 4, 2026

Aiphone reported consolidated net sales of ¥13.63 billion for the three months ended June 30, 2026, down 4.9% year-on-year, but operating profit surged more than threefold to ¥874 million, lifting ordinary profit and profit attributable to owners of...

Aiphone Completes Disposal of Treasury Shares for Executive Restricted Stock Plan

Jul 17, 2026

Aiphone Co., Ltd. has completed payment procedures for the disposal of 9,671 treasury shares as restricted share-based remuneration, following a resolution by its Board of Directors on June 26, 2026. The shares, priced at ¥2,658 each for a total of ¥...

Aiphone Grants Restricted Shares to Executives Under Expanded Incentive Plan

Jun 26, 2026

Aiphone Co., Ltd. has approved the disposal of 9,671 treasury shares as restricted share-based remuneration for two internal directors and six executive officers, valued at ¥2,658 per share for a total of ¥25.7 million. The program forms part of an i...

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: Aug 17, 2026

Aiphone Co., Ltd. AI Stock Analysis