Shindengen Electric Mfg Co Ltd (6844) AI Stock Analysis

• Market Cap: ¥34.27B
• Dividend Yield: 1.87%
• Average Volume (3M): 45.43K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.01
• Revenue Growth: 5.16%
• EPS Growth: -5946.54%
• Country: JP
• Employees: 5,276
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 140.72
• Shares Outstanding: 10,338,884
• 10 Day Avg. Volume: 48,200
• 30 Day Avg. Volume: 45,433
• PEG Ratio: -0.04
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 0.20
• P/FCF Ratio: -3.07
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: ¥3,557.00 ▲(2.21% Upside)

The overall stock score is primarily influenced by strong technical analysis indicators, suggesting bullish momentum. However, financial performance and valuation concerns, particularly negative profitability and cash flow issues, weigh heavily on the score. The absence of earnings call insights and corporate events leaves these areas unaddressed in the evaluation.

Shindengen Electric Mfg Co Ltd Business Overview & Revenue Model

Company Description

Shindengen Electric Mfg Co Ltd (6844) is a Japanese company specializing in the design, manufacturing, and sale of electrical and electronic components. The company operates primarily in the sectors of power supply systems, semiconductors, and power electronics, serving various industries, including automotive, industrial, and telecommunications. Key products include power converters, automotive components, and power management ICs, which are integral to modern electronic devices and systems.

How the Company Makes Money

Shindengen Electric Mfg Co Ltd generates revenue through the sale of its core products, which include power supply units and semiconductor devices. The company benefits from multiple revenue streams, including direct sales to manufacturers in the automotive and industrial sectors, as well as partnerships with major technology firms for the development of specialized electronic components. Additionally, Shindengen leverages its expertise in power electronics to provide tailored solutions that meet the specific needs of clients, thereby enhancing customer loyalty and driving repeat business. The demand for energy-efficient and high-performance electronic components further supports its revenue growth, particularly in sectors that require advanced technology, such as electric vehicles and renewable energy.

Shindengen Electric Mfg Co Ltd Financial Statement Overview

Summary

Shindengen Electric Mfg Co Ltd faces financial challenges, with negative profitability and cash flow issues despite moderate revenue growth. The company has a stable balance sheet with acceptable leverage, but operational inefficiencies and cash flow management remain concerns. The financial health is under pressure, requiring strategic improvements to enhance profitability and operational efficiency.

Income Statement

The company has experienced inconsistent revenue growth, with a slight increase of 3.49% from 2024 to 2025. However, it has negative net profit margins, with a worsening trend from -0.70% in 2024 to -2.30% in 2025, indicating profitability challenges. The gross profit margin for 2025 is 13.56%, slightly below industry standards. EBIT and EBITDA margins are also low, demonstrating operational inefficiencies.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.61 in 2025, showing balanced leverage. However, the return on equity is negative, reflecting poor profitability on shareholders' investments. The equity ratio stands at 48.47%, indicating a stable capital structure with a fair portion of assets financed by equity.

Cash Flow

The cash flow statement reveals negative free cash flow growth, highlighting cash management issues, with free cash flow deteriorating significantly from 2024. The operating cash flow to net income ratio is unfavorably negative, suggesting inefficiencies in converting earnings to cash. The free cash flow to net income ratio also indicates challenges in generating cash returns from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	108.06B	105.83B	102.26B	101.01B	92.17B	80.44B
Gross Profit	15.58B	14.35B	15.05B	17.79B	18.64B	11.42B
EBITDA	6.07B	4.00B	7.32B	10.04B	12.62B	426.00M
Net Income	-1.21B	-2.44B	-712.00M	1.64B	5.90B	-5.56B
Balance Sheet
Total Assets	131.18B	136.50B	144.67B	138.09B	135.04B	127.81B
Cash, Cash Equivalents and Short-Term Investments	22.08B	20.40B	26.34B	25.15B	29.61B	26.65B
Total Debt	38.02B	40.28B	38.90B	37.53B	39.88B	38.55B
Total Liabilities	65.31B	70.35B	73.75B	75.55B	77.81B	78.39B
Stockholders Equity	65.87B	66.14B	70.92B	62.54B	57.23B	49.41B
Cash Flow
Free Cash Flow	0.00	-6.80B	-2.24B	-2.18B	-796.00M	-10.00B
Operating Cash Flow	0.00	-2.18B	2.21B	2.74B	8.29B	-3.62B
Investing Cash Flow	0.00	-4.53B	-1.78B	-4.09B	-7.91B	-5.67B
Financing Cash Flow	0.00	-186.00M	-252.00M	-3.55B	1.27B	9.94B

Shindengen Electric Mfg Co Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3480.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6844, the sentiment is Positive. The current price of 3480 is above the 20-day moving average (MA) of 3255.50, above the 50-day MA of 3202.54, and above the 200-day MA of 2484.60, indicating a bullish trend. The MACD of 75.01 indicates Negative momentum. The RSI at 65.77 is Neutral, neither overbought nor oversold. The STOCH value of 90.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6844.

Shindengen Electric Mfg Co Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6850	80 Outperform	¥24.36B	12.29	―	4.91%	9.88%	11.83%
6824	76 Outperform	¥47.82B	13.40	―	1.19%	9.96%	3.13%
6800	71 Outperform	¥36.25B	44.26	―	3.09%	4.30%	-66.03%
6848	69 Neutral	¥16.50B	15.47	―	2.64%	2.16%	-15.53%
6864	67 Neutral	¥9.97B	27.45	―	2.25%	4.03%	-2.88%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6844	58 Neutral	¥34.27B	―	―	1.87%	5.16%	-5946.54%

Shindengen Electric Mfg Co Ltd Corporate Events

Shindengen Electric Revises Earnings Forecast Upward Amid Strong Sales

Shindengen Electric Manufacturing Co., Ltd. has revised its earnings forecast for the fiscal year ending March 2026, reflecting an optimistic outlook with increased net sales and profits. The upward revision is attributed to strong sales in the Power Unit Business, particularly in the ASEAN motorcycle market, and a favorable currency exchange rate. The company anticipates that the demand for telecommunications infrastructure will exceed initial expectations, positively impacting their financial results.

Shindengen Electric Reports Strong Q1 Financial Performance

Shindengen Electric Manufacturing Co., Ltd reported a significant increase in profits for the three months ending June 30, 2025, with a 9% rise in net sales compared to the previous year. The company has revised its earnings forecast upwards, reflecting a positive outlook for the fiscal year ending March 31, 2026, indicating strong operational performance and a solid financial position.

Shindengen Electric Completes Treasury Stock Disposal for Compensation

Shindengen Electric Manufacturing Co., Ltd. has completed the payment procedures for the disposal of treasury stock as restricted stock compensation, as resolved in their Board of Directors meeting. This move involves the disposal of 4,453 shares at a value of 2,136 yen per share, totaling 9,511,608 yen, and is aimed at compensating directors, excluding outside directors, which could potentially impact the company’s financial structure and stakeholder interests.