Hioki E.E.Corporation (6866) AI Stock Analysis

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Hioki E.E.Corporation

(TSE/TYO:6866)

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Rating:63Neutral

Price Target:JPY 8,648.00▲(0.09% Upside)

Action:downgraded

Date:10/16/26

The overall score of 63 reflects a company with a fortress-like balance sheet offset by current operational and technical headwinds. The primary strength is its zero-debt status and solid cash generation, which provide a strong safety net. The most significant drag is the weak technical trend, with the stock trading below key moving averages, suggesting negative market sentiment. Slowing revenue growth and margin compression further limit the upside, resulting in a neutral-to-cautious outlook.

Positive Factors

Debt-free balance sheetA debt-free balance sheet gives Hioki substantial financial flexibility and reduces exposure to interest costs and refinancing pressure. The steadily rising equity base further supports resilience, allowing the company to fund operations and strategic investment through changing industrial conditions.

Negative Factors

Revenue growth decelerationNear-flat revenue growth indicates that recent demand expansion has slowed, which can limit operating leverage and reduce the pace at which Hioki compounds earnings. If this persists, the company may have less capacity to absorb rising costs or accelerate investment without sacrificing profitability.

Hioki E.E.Corporation (6866) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 115.82B
Dividend Yield: 2.55%
Average Volume (3M): 68.64K
Price to Earnings (P/E): 15.1
Beta (1Y): 1.12
Revenue Growth: 16.76%
EPS Growth: 35.84%
Country: Japan
Employees: 1,153
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

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 oscilloscopes,...

Hioki E.E.Corporation Financial Statement Overview

Summary

Hioki's financial health is a tale of two halves. The balance sheet is pristine with zero debt and a 90 score, providing exceptional stability. However, the income statement and cash flow scores of 65 reflect slowing revenue growth and declining margins. The overall financial foundation is strong, but recent operational headwinds temper the score.

Income Statement

65Positive

Balance Sheet

90Very Positive

Cash Flow

65Positive

Financial statement breakdown
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	0	0	0	0	0
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	3.29B	5.35B	5.43B	-50.90M	4.05B
Operating Cash Flow	0	7.52B	8.87B	8.44B	1.24B	4.70B
Investing Cash Flow	0	-4.73B	-3.75B	-3.35B	-1.48B	-826.26M
Financing Cash Flow	0	-2.71B	-3.60B	-2.32B	-2.46B	-1.43B

Hioki E.E.Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price8640.00

Price Trends

50DMA9891.40Negative

100DMA10763.45Negative

200DMA9894.01Negative

Market Momentum

MACD-439.78Negative

RSI40.48Neutral

STOCH70.04Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6866, the sentiment is Negative. The current price of 8640.00 is below the 20-day moving average (MA) of 8754.50, below the 50-day MA of 9891.40, and below the 200-day MA of 9894.01, indicating a bearish trend. The MACD of -439.78 indicates Negative momentum. The RSI at 40.48 is Neutral, neither overbought nor oversold. The STOCH value of 70.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6866.

Hioki E.E.Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:6866 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:6859	85Outperform	JPY 81.99B	13.33	―	3.09%	7.92%	11.54%
JP:7745	77Outperform	JPY 73.23B	12.21	―	2.29%	3.02%	-8.01%
JP:6850	72Outperform	JPY 32.60B	12.06	―	2.79%	6.98%	38.45%
JP:6858	65Neutral	JPY 8.14B	9.79	―	3.63%	15.62%	50.30%
JP:6866	63Neutral	JPY 118.32B	15.05	―	2.55%	16.76%	35.84%
JP:6853	60Neutral	JPY 18.20B	26.99	―	2.93%	-3.37%	-32.05%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

JP:6866 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:6866	Hioki E.E.Corporation	8640.00	3045.88	54.45%
JP:6850	Chino Corporation	1793.00	470.53	35.58%
JP:6853	Kyowa Electronic Instruments Co., Ltd.	735.00	96.10	15.04%
JP:6858	Ono Sokki Co., Ltd.	743.00	166.86	28.96%
JP:6859	Espec Corp.	3720.00	481.91	14.88%
JP:7745	A&D HOLON Holdings Company. Limited	2625.00	879.22	50.36%

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: Oct 16, 2026

Hioki E.E.Corporation AI Stock Analysis