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Wintest Corp.
(6721)
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Rating:44Neutral
Price Target:
¥69.00
▼(-34.91% Downside)
Action:Reiterated
Date:06/18/26
The score is primarily held down by weak financial performance: severe margin pressure, ongoing losses, persistent cash burn, and significant equity erosion. Technicals add a modest drag as the stock remains below key longer-term moving averages with negative MACD, while valuation is only neutral on available data due to a loss-driven negative P/E and no dividend yield support.
Positive Factors
Revenue Rebound
The strong 2025 top-line recovery indicates renewed customer demand and testing activity. If sustained, higher test volumes can improve operating leverage and provide a foundation for rebuilding profitability, although current margins remain severely weak.
Negative Factors
Severe Profitability Pressure
Negative gross profit means the core testing operation is not covering direct costs, while widening net losses show that scale has not translated into operating leverage. Persistent underperformance threatens the viability of the existing cost structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The strong 2025 top-line recovery indicates renewed customer demand and testing activity. If sustained, higher test volumes can improve operating leverage and provide a foundation for rebuilding profitability, although current margins remain severely weak.
Read all positive factors
Wintest Corp. (6721) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.32B
Dividend YieldN/A
Average Volume (3M)349.22K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue Growth38.96%
EPS Growth18.34%
CountryJP
Employees68
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-22.97
Shares Outstanding59,135,100
10 Day Avg. Volume202,820
30 Day Avg. Volume349,220
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., 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...
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 | 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
Negative
106.00
Price Trends
79.10
Negative
85.56
Negative
97.65
Negative
Market Momentum
-1.72
Negative
44.31
Neutral
58.33
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 73.75, above the 50-day MA of 79.10, and above the 200-day MA of 97.65, indicating a bearish trend. The MACD of -1.72 indicates Negative momentum. The RSI at 44.31 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥86.80B | 14.22 | ― | 2.96% | 8.67% | 11.23% | |
80 Outperform | ¥139.20B | 19.24 | ― | 2.16% | 12.39% | 22.44% | |
75 Outperform | ¥20.65B | 15.52 | ― | 9.08% | 9.71% | -3.36% | |
71 Outperform | ¥19.40B | 19.68 | ― | 2.83% | 2.51% | 0.17% | |
69 Neutral | ¥9.24B | 9.88 | ― | 3.28% | 14.65% | 88.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ¥4.32B | -3.18 | ― | ― | 38.96% | 18.34% |
* General Sector Average
JP:6721
Wintest Corp.
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-39.67%
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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.