Wintest Corp. (JP:6721)
:6721
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Wintest Corp.
(6721)
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Rating:42Neutral
Price Target:
¥80.00
▼(-24.53% Downside)
Action:Reiterated
Date:06/02/26
The score is held down primarily by weak financial performance—deep losses, persistent cash burn, and rapid equity erosion—followed by a strongly bearish technical setup with the price below major moving averages and very weak momentum. Valuation does not provide clear support given the negative P/E and no stated dividend yield.
Positive Factors
Revenue rebound
A material top-line rebound (+30.7% YoY in 2025) indicates recovering end-market demand and successful revenue re-acceleration. Sustained revenue growth can help absorb fixed costs, improve operating leverage, and provide a foundation for restoring margins if the trend persists.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow through 2023–2025 signals ongoing cash burn and raises near- to medium-term funding risk. Persistent outflows limit reinvestment capacity, increase reliance on external financing, and heighten dilution or covenant risks if internal cash recovery is not achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
A material top-line rebound (+30.7% YoY in 2025) indicates recovering end-market demand and successful revenue re-acceleration. Sustained revenue growth can help absorb fixed costs, improve operating leverage, and provide a foundation for restoring margins if the trend persists.
Read all positive factors
Wintest Corp. (6721) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.71B
Dividend YieldN/A
Average Volume (3M)319.65K
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue Growth74.28%
EPS Growth15.73%
CountryJP
Employees72
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-27.92
Shares Outstanding56,013,200
10 Day Avg. Volume265,900
30 Day Avg. Volume319,653
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)16.81
Price to Sales (P/S)13.46
P/FCF Ratio-7.67
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
Wintest Corp. Business Overview & Revenue Model
Company Description
Wintest Corp. designs, develops, and sells automatic test equipment for semiconductor integrated circuits and flat panel displays for image sensor tester, LCD driver tester, and logic tester markets primarily in Japan. It offers LCD/OLED high spee...
How the Company Makes Money
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Wintest Corp. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 328.32M | 429.05M | 417.09M | 407.00M | 210.31M | 307.58M |
| Gross Profit | -474.06M | -491.01M | -338.84M | 151.00M | 62.16M | 18.06M |
| EBITDA | -1.24B | -1.21B | -1.09B | -546.66M | -679.04M | -629.72M |
| Net Income | -1.29B | -1.24B | -1.11B | -554.00M | -686.24M | -629.18M |
Balance Sheet | ||||||
| Total Assets | 1.22B | 919.36M | 1.20B | 1.97B | 1.90B | 1.90B |
| Cash, Cash Equivalents and Short-Term Investments | 323.55M | 82.96M | 90.70M | 361.67M | 278.48M | 219.11M |
| Total Debt | 127.25M | 211.12M | 245.33M | 169.37M | 358.64M | 110.50M |
| Total Liabilities | 309.61M | 575.86M | 495.37M | 308.48M | 549.52M | 305.78M |
| Stockholders Equity | 907.32M | 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
Negative
106.00
Price Trends
98.74
Negative
108.11
Negative
109.45
Negative
Market Momentum
-6.09
Positive
39.27
Neutral
23.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6721, the sentiment is Negative. The current price of 106 is above the 20-day moving average (MA) of 91.75, above the 50-day MA of 98.74, and below the 200-day MA of 109.45, indicating a bearish trend. The MACD of -6.09 indicates Positive momentum. The RSI at 39.27 is Neutral, neither overbought nor oversold. The STOCH value of 23.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6721.
Wintest Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥91.50B | 15.41 | ― | 3.12% | 4.08% | -1.67% | |
81 Outperform | ¥16.69B | 13.69 | ― | 5.39% | 2.47% | -6.77% | |
81 Outperform | ¥180.27B | 30.13 | ― | 3.23% | 5.32% | -3.12% | |
73 Outperform | ¥23.94B | 21.72 | ― | 2.93% | 6.08% | 10.11% | |
66 Neutral | ¥9.36B | 20.84 | ― | 2.45% | 14.74% | -73.19% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
42 Neutral | ¥4.71B | -3.67 | ― | ― | 74.28% | 15.73% |
* Technology Sector Average
JP:6721
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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.