Wintest Corp. (6721) AI Stock Analysis

• Market Cap: ¥4.49B
• Dividend Yield: N/A
• Average Volume (3M): 346.21K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: 38.96%
• EPS Growth: 18.34%
• Country: JP
• Employees: 68
• Sector: General
• Sector Strength: N/A
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -22.97
• Shares Outstanding: 59,135,100
• 10 Day Avg. Volume: 241,760
• 30 Day Avg. Volume: 346,206
• PEG Ratio: 0.65
• Price to Book (P/B): 16.81
• Price to Sales (P/S): 13.46
• P/FCF Ratio: -7.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: ¥72.00 ▼(-32.08% Downside)
• Action: Reiterated
• Date: 09/18/26

Positive Factors

2025 Revenue Rebound

The 2025 revenue rebound indicates renewed demand for the company’s semiconductor testing services after a stagnant prior year. If sustained, higher testing volumes can improve operating leverage, support capacity utilization, and provide a broader base for restoring profitability.

Negative Factors

Severe and Widening Losses

The widening net loss shows that the revenue recovery has not translated into sustainable earnings. Persistent negative operating profitability suggests the core cost structure remains misaligned with revenue, limiting internal funding capacity and making a durable turnaround dependent on substantial improvement in operations.

Wintest Corp. Business Overview & Revenue Model

Company Description

Wintest Corp., established in Yokohama, Japan, in 1993, is primarily engaged in the design, development, and distribution of automated test equipment (ATE) for semiconductor integrated circuits and flat panel displays. The company's key markets, p...

Read more

Wintest Corp., established in Yokohama, Japan, in 1993, is primarily engaged in the design, development, and distribution of automated test equipment (ATE) for semiconductor integrated circuits and flat panel displays. The company's key markets, p...

How the Company Makes Money

The company primarily makes money by charging customers for semiconductor testing services. Key revenue streams typically include: (1) wafer sort (probing) services, where dies on a wafer are electrically tested and binned before packaging; (2) fi...

Read more

The company primarily makes money by charging customers for semiconductor testing services. Key revenue streams typically include: (1) wafer sort (probing) services, where dies on a wafer are electrically tested and binned before packaging; (2) fi...

Wintest Corp. Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	455.79M	429.05M	417.09M	407.00M	210.31M	307.58M
Gross Profit	-528.94M	-491.01M	-338.84M	151.00M	62.16M	18.06M
EBITDA	-1.22B	-1.23B	-1.09B	-546.66M	-679.04M	-629.72M
Net Income	-1.24B	-1.24B	-1.11B	-554.00M	-686.24M	-629.18M
Balance Sheet
Total Assets	691.16M	919.36M	1.20B	1.97B	1.90B	1.90B
Cash, Cash Equivalents and Short-Term Investments	111.44M	82.96M	90.70M	361.67M	278.48M	219.11M
Total Debt	99.73M	211.12M	245.33M	169.37M	358.64M	110.50M
Total Liabilities	320.80M	575.86M	495.37M	308.48M	549.52M	305.78M
Stockholders Equity	370.35M	343.50M	699.93M	1.67B	1.35B	1.59B
Cash Flow
Free Cash Flow	0.00	-752.65M	-664.21M	-558.30M	-613.48M	-858.30M
Operating Cash Flow	0.00	-751.17M	-662.30M	-558.27M	-613.48M	-856.09M
Investing Cash Flow	0.00	-30.71M	-1.91M	-300.00K	3.88M	21.85M
Financing Cash Flow	0.00	667.14M	171.22M	641.00M	667.98M	68.62M

Wintest Corp. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 106.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6721, the sentiment is Neutral. The current price of 106 is above the 20-day moving average (MA) of 73.20, above the 50-day MA of 76.66, and above the 200-day MA of 96.25, indicating a neutral trend. The MACD of -0.36 indicates Negative momentum. The RSI at 51.09 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6721.

Wintest Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6866	80 Outperform	¥138.65B	18.76	―	2.21%	12.39%	22.44%
6863	75 Outperform	¥21.07B	16.64	―	8.50%	9.71%	-3.36%
6859	74 Outperform	¥90.04B	14.57	―	2.89%	8.67%	11.23%
6853	71 Outperform	¥19.50B	19.76	―	2.82%	2.51%	0.17%
6858	69 Neutral	¥9.34B	10.03	―	3.23%	14.65%	88.54%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
6721	43 Neutral	¥4.49B	-3.27	―	―	38.96%	18.34%