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Meiko Electronics Co., Ltd. (6787) AI Stock Analysis

7 Followers
JP:6787

Meiko Electronics Co., Ltd.

(TSE/TYO:6787)

Select Model
Rating:62Neutral
Price Target:JPY 8,819.00â–²(7.68% Upside)
Action:reiterated
Date:11/12/26

The company's strong fundamental performance, marked by robust revenue growth and margin expansion, is the primary positive driver. This is significantly offset by a weak technical picture, with the stock in a sustained downtrend across all major moving averages. The negative free cash flow situation adds a layer of financial risk, resulting in a moderately cautious overall score.

Positive Factors
Revenue GrowthRevenue has roughly doubled across the reported period and continued growing in the latest year, indicating meaningful business expansion. This larger scale can support customer reach, operating leverage, and reinvestment in the company’s PCB and electronics manufacturing capabilities over the next several quarters.
Negative Factors
Weak Free Cash FlowRepeatedly weak and recently sharply negative free cash flow shows that accounting profits are not consistently converting into cash. If this pattern persists, the company may have less internally generated funding for investment, debt reduction, and shareholder distributions, increasing reliance on external financing.

Meiko Electronics Co., Ltd. (6787) vs. iShares MSCI Japan ETF (EWJ)

-50%0%50%100%150%200%250%300%350%JP:6787+69.34%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 368.31B
Dividend Yield
1.41%
Average Volume (3M)
1.34M
Price to Earnings (P/E)
26.2
Beta (1Y)
2.00
Revenue Growth
33.93%
EPS Growth
-11.80%
Country
Japan
Employees
14,332
Sector
Technology
Sector Strength
61
Industry
Hardware, Equipment & Parts

Meiko Electronics Co., Ltd. Business Overview & Revenue Model

Company Description

Meiko Electronics Co., Ltd. is a global enterprise specializing in the development, production, and distribution of printed circuit boards (PCBs) and related electronic components. Its market presence spans Japan, various other Asian nations, North A...

Meiko Electronics Co., Ltd. Financial Statement Overview

Summary

Strong revenue growth and expanding margins reflect excellent operational execution. The balance sheet has improved significantly with lower leverage. However, heavy capex has led to sharply negative free cash flow, introducing a risk that tempers the overall financial health score.

Income Statement

85Very Positive

Balance Sheet

75Positive

Cash Flow

65Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue260.73B240.57B206.81B179.46B167.28B151.28B
Gross Profit53.67B50.43B39.78B30.55B26.02B27.39B
EBITDA45.75B43.77B33.67B26.85B21.83B21.29B
Net Income19.99B19.78B14.92B11.31B8.85B11.45B
Balance Sheet
Total Assets391.49B335.29B256.37B229.96B202.39B168.33B
Cash, Cash Equivalents and Short-Term Investments39.86B27.50B23.15B21.60B17.58B10.70B
Total Debt160.49B121.91B87.57B79.26B75.79B67.00B
Total Liabilities241.95B191.48B140.76B124.50B117.92B109.64B
Stockholders Equity141.95B136.27B108.24B98.18B77.32B58.49B
Cash Flow
Free Cash Flow0-22.30B-2.74B1.91B-3.14B2.14B
Operating Cash Flow027.53B21.66B23.36B15.71B13.97B
Investing Cash Flow0-55.48B-24.33B-21.59B-22.07B-11.79B
Financing Cash Flow030.08B4.14B681.00M12.99B-4.73B

Meiko Electronics Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price8190.00

Price Trends

50DMA10196.79Negative
100DMA11207.62Negative
200DMA12119.79Negative

Market Momentum

MACD-922.27Positive
RSI42.83Neutral
STOCH57.01Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6787, the sentiment is Negative. The current price of 8190.00 is below the 20-day moving average (MA) of 8945.25, below the 50-day MA of 10196.79, and below the 200-day MA of 12119.79, indicating a bearish trend. The MACD of -922.27 indicates Positive momentum. The RSI at 42.83 is Neutral, neither overbought nor oversold. The STOCH value of 57.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6787.

Meiko Electronics Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:6787 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6806JP:680670OutperformJPY 732.27B20.959.35%2.30%20.52%17.77%
JP:6908JP:690866NeutralJPY 60.14B21.59―3.89%9.70%3.12%
JP:6787JP:678762NeutralJPY 437.09B26.17―1.41%33.93%-11.80%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:6770JP:677061NeutralJPY 388.53B22.973.75%3.29%5.06%-65.51%
JP:6800JP:680051NeutralJPY 61.45B13.18―2.44%17.46%52.73%
JP:6807JP:680746NeutralJPY 160.28B29.173.74%2.38%10.23%-33.88%

* Technology Sector Average

Performance Comparison

0%100%200%300%JP:6787JP:6770JP:6806JP:6807JP:6800JP:6908Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:6787 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:6787Meiko Electronics Co., Ltd.8190.003030.5958.74%
JP:6770Alps Alpine Co 1980.0084.704.47%
JP:6806HIROSE ELECTRIC CO22440.005115.3729.53%
JP:6807Japan Aviation Electronics Industry 2324.00-13.53-0.58%
JP:6800Yokowo Co., Ltd.2560.00502.0024.39%
JP:6908IRISO Electronics Co., Ltd.2682.00-418.55-13.50%

Meiko Electronics Co., Ltd. Corporate Events

Meiko Electronics FY2026 Q2 Financial Results Briefing

Nov 12, 2026

Meiko Electronics Co., Ltd. has a Printed Circuit Board business, while the provided material gives no further industry, product or market-focus details. Dated November 12, 2026, the FY2026 Q2 Financial Results Briefing, as provided, reports no finan...

Meiko Electronics Raises Earnings Outlook and Dividend Forecasts

Nov 6, 2026

Meiko Electronics raised its consolidated earnings forecasts for the fiscal year ending March 2027, with projected net sales increasing 18.8% to ¥380 billion, operating income rising 26.3% to ¥48 billion, and net profit attributable to owners of the...

Meiko Electronics Reports Strong First-Half Growth and Expands Consolidation

Nov 6, 2026

Meiko Electronics Co., Ltd. is a Tokyo-listed electronics manufacturer, although the release does not specify its primary products or market focus. For the six months ended September 30, 2026, sales rose 48.7% year on year to ¥165.751 billion, while...

Meiko Electronics Highlights Risks Facing PCB Business

Nov 6, 2026

Meiko Electronics, whose operations include printed circuit boards, serves markets shaped by electronics demand, technological change and global supply-chain conditions.The FY2026 second-quarter financial-results briefing provided no substantive oper...

Meiko Electronics to Acquire Unimicron Japan, Boosting Domestic PCB Capacity

Oct 27, 2026

Meiko Electronics Co., Ltd. has decided to acquire all outstanding shares of Unimicron Japan Co., Ltd. from Taiwan-based Unimicron Technology Corp. to make UMJ a wholly owned subsidiary. The move comes as Meiko builds a new plant in Vietnam and seeks...

Meiko Electronics Announces 2-for-1 Stock Split and Technical Dividend Forecast Revision

Sep 28, 2026

Meiko Electronics will implement a two-for-one stock split of its common shares, with shareholders of record as of November 1, 2026 receiving one additional share for each share held, effectively doubling the number of issued shares to 53,606,640. Th...

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 12, 2026