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Hioki E.E.Corporation
(6866)
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Rating:81Outperform
Price Target:
¥13,987.00
▲(125.23% Upside)
Action:Reiterated
Date:04/18/26
The score is driven primarily by high-quality financial strength (notably a debt-free balance sheet) and an attractive valuation (low P/E with a solid dividend). The main constraints are technical overbought conditions and recent deceleration in growth, profitability, and free-cash-flow conversion.
Positive Factors
Debt-free Balance Sheet
Zero reported debt and a steadily rising equity base give Hioki durable financial flexibility. This capital structure supports investment in R&D, product development, and service capabilities, while lowering insolvency risk and enabling steady dividends or opportunistic M&A during downturns.
Negative Factors
Recent Growth Deceleration
Flat revenue in 2025 and easing margins indicate demand weakness or product-cycle timing issues. If growth remains stalled, return on capital can erode as the equity base expands, limiting the company's ability to lift ROE and fund strategic initiatives without stronger end-market recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
Zero reported debt and a steadily rising equity base give Hioki durable financial flexibility. This capital structure supports investment in R&D, product development, and service capabilities, while lowering insolvency risk and enabling steady dividends or opportunistic M&A during downturns.
Read all positive factors
Hioki E.E.Corporation (6866) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥165.26B
Dividend Yield3.23%
Average Volume (3M)26.70K
Price to Earnings (P/E)26.3
Beta (1Y)0.86
Revenue Growth5.32%
EPS Growth-3.12%
CountryJP
Employees1,098
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)439.22
Shares Outstanding14,024,365
10 Day Avg. Volume37,830
30 Day Avg. Volume26,700
Financial Highlights & Ratios
PEG Ratio-1.33
Price to Book (P/B)1.88
Price to Sales (P/S)2.04
P/FCF Ratio25.07
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)536.85
Revenue Forecast (FY)¥47.40B
Hioki E.E.Corporation Business Overview & Revenue Model
Company Description
Operating worldwide, Hioki E.E. Corporation and its subsidiaries are dedicated to the design, production, sales, and servicing of electrical measurement equipment. Their broad product range includes data acquisition instruments such as oscilloscop...
How the Company Makes Money
Hioki makes money primarily by selling electrical measurement and test instruments and related accessories to corporate and institutional customers. Revenue is generated through (1) product sales of portable field instruments (e.g., clamp meters, ...
Hioki E.E.Corporation Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 42.10B | 40.53B | 39.27B | 39.15B | 34.37B | 29.32B |
| Gross Profit | 21.31B | 20.41B | 19.56B | 18.27B | 15.87B | 13.64B |
| EBITDA | 9.80B | 9.04B | 9.67B | 9.67B | 8.44B | 7.13B |
| Net Income | 5.94B | 5.46B | 6.19B | 6.33B | 5.33B | 4.52B |
Balance Sheet | ||||||
| Total Assets | 48.34B | 51.49B | 48.16B | 45.25B | 40.61B | 36.39B |
| Cash, Cash Equivalents and Short-Term Investments | 14.51B | 18.53B | 18.32B | 16.53B | 13.62B | 16.02B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.96B | 7.54B | 8.34B | 8.13B | 7.83B | 6.94B |
| Stockholders Equity | 43.38B | 43.96B | 39.82B | 37.12B | 32.78B | 29.45B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.29B | 5.35B | 5.43B | -50.90M | 4.05B |
| Operating Cash Flow | 0.00 | 7.52B | 8.87B | 8.44B | 1.24B | 4.70B |
| Investing Cash Flow | 0.00 | -4.73B | -3.75B | -3.35B | -1.48B | -826.26M |
| Financing Cash Flow | 0.00 | -2.71B | -3.60B | -2.32B | -2.46B | -1.43B |
Hioki E.E.Corporation Technical Analysis
Neutral
6210.00
Price Trends
11985.81
Positive
9756.35
Positive
7856.62
Positive
Market Momentum
93.50
Positive
48.62
Neutral
35.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6866, the sentiment is Neutral. The current price of 6210 is below the 20-day moving average (MA) of 12377.55, below the 50-day MA of 11985.81, and below the 200-day MA of 7856.62, indicating a neutral trend. The MACD of 93.50 indicates Positive momentum. The RSI at 48.62 is Neutral, neither overbought nor oversold. The STOCH value of 35.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6866.
Hioki E.E.Corporation Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥165.26B | 26.27 | ― | 3.23% | 5.32% | -3.12% | |
80 Outperform | ¥95.52B | 15.53 | ― | 3.12% | 4.08% | -1.67% | |
76 Outperform | ¥29.48B | 13.73 | ― | 2.89% | 7.91% | 2.84% | |
73 Outperform | ¥20.37B | 17.95 | ― | 2.93% | 6.08% | 10.11% | |
72 Outperform | ¥79.97B | 13.04 | ― | 2.31% | 3.34% | -8.25% | |
66 Neutral | ¥10.20B | 21.81 | ― | 2.45% | 14.74% | -73.19% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:6866
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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.