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Micronics Japan Co., Ltd.
(6871)
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Rating:68Neutral
Price Target:
¥12,481.00
▼(-7.82% Downside)
Action:Downgraded
Date:08/17/26
The score is primarily supported by strong financial performance (robust growth/profitability and a historically low-leverage balance sheet), tempered by cash flow inconsistency. Technical indicators are neutral-to-soft with a negative MACD, and valuation is less attractive given the higher P/E and low dividend yield.
Positive Factors
Strong Revenue Growth
Sustained revenue expansion indicates stronger demand for Micronics Japan’s semiconductor and display testing solutions. Continued top-line growth can broaden customer adoption, support scale benefits, and provide a durable foundation for reinvestment in advanced test-interface technologies.
Negative Factors
Uneven Free Cash Flow
Negative free cash flow in multiple recent years shows that reported profitability has not consistently converted into discretionary cash. Working-capital or investment-driven swings may constrain funding flexibility and make it harder to sustain shareholder returns or growth spending through weaker periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained revenue expansion indicates stronger demand for Micronics Japan’s semiconductor and display testing solutions. Continued top-line growth can broaden customer adoption, support scale benefits, and provide a durable foundation for reinvestment in advanced test-interface technologies.
Read all positive factors
Micronics Japan Co., Ltd. (6871) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥422.52B
Dividend Yield0.86%
Average Volume (3M)1.19M
Price to Earnings (P/E)23.9
Beta (1Y)1.36
Revenue Growth37.81%
EPS Growth88.83%
CountryJP
Employees1,785
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)381.40
Shares Outstanding40,025,314
10 Day Avg. Volume1,326,760
30 Day Avg. Volume1,194,323
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)4.13
Price to Sales (P/S)3.89
P/FCF Ratio-42.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥27,850.00Price Target Upside105.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)616.22
Revenue Forecast (FY)¥105.66B
Micronics Japan Co., Ltd. Business Overview & Revenue Model
Company Description
Micronics Japan Co., Ltd. is a global leader in the development, manufacturing, and sales of advanced testing and measurement equipment, serving both the semiconductor and flat panel display (FPD) industries. For the semiconductor sector, its comp...
How the Company Makes Money
Micronics Japan primarily makes money by designing, manufacturing, and selling test-interface hardware used in semiconductor and display manufacturing. The core revenue stream is the sale of probe cards (including advanced probe card solutions use...
Micronics Japan Co., Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.99B | 70.17B | 55.64B | 38.29B | 44.32B | 40.00B |
| Gross Profit | 36.09B | 33.80B | 27.14B | 17.10B | 20.23B | 17.02B |
| EBITDA | 27.09B | 22.28B | 14.85B | 7.71B | 12.50B | 13.18B |
| Net Income | 14.78B | 12.06B | 8.81B | 4.13B | 7.53B | 8.24B |
Balance Sheet | ||||||
| Total Assets | 113.46B | 99.03B | 81.33B | 56.55B | 54.38B | 49.74B |
| Cash, Cash Equivalents and Short-Term Investments | 15.14B | 19.30B | 23.95B | 17.99B | 21.55B | 19.20B |
| Total Debt | 6.42B | 6.53B | 1.20B | 1.34B | 1.27B | 1.33B |
| Total Liabilities | 39.47B | 32.97B | 31.68B | 15.35B | 15.75B | 16.68B |
| Stockholders Equity | 73.99B | 66.05B | 49.65B | 41.20B | 38.63B | 33.06B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -6.47B | 8.06B | -1.53B | 4.55B | 4.23B |
| Operating Cash Flow | 0.00 | 12.90B | 15.10B | 4.84B | 8.39B | 7.38B |
| Investing Cash Flow | 0.00 | -21.69B | -7.83B | -7.50B | -2.27B | -1.94B |
| Financing Cash Flow | 0.00 | 3.28B | -1.44B | -2.17B | -2.48B | -1.25B |
Micronics Japan Co., Ltd. Technical Analysis
Negative
13540.00
Price Trends
13657.60
Negative
14395.40
Negative
12773.22
Negative
Market Momentum
-414.76
Positive
36.01
Neutral
7.19
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6871, the sentiment is Negative. The current price of 13540 is below the 20-day moving average (MA) of 14226.50, below the 50-day MA of 13657.60, and above the 200-day MA of 12773.22, indicating a bearish trend. The MACD of -414.76 indicates Positive momentum. The RSI at 36.01 is Neutral, neither overbought nor oversold. The STOCH value of 7.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6871.
Micronics Japan Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥21.67T | 52.68 | 58.91% | 0.21% | 36.20% | 104.76% | |
77 Outperform | ¥2.08T | 25.78 | 18.49% | 1.58% | -5.60% | -10.68% | |
73 Outperform | ¥608.75B | 23.92 | 14.14% | 1.97% | 13.77% | 3.10% | |
72 Outperform | ¥3.37T | 45.50 | 34.29% | 0.86% | -8.35% | -8.08% | |
68 Neutral | ¥422.52B | 23.94 | ― | 1.53% | 37.81% | 88.83% | |
67 Neutral | ¥5.25T | 33.94 | 27.34% | 1.13% | 22.16% | 26.52% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:6871
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Micronics Japan Co., Ltd. Corporate Events
Micronics Japan Posts Surging First-Half Profits and Hikes 2026 Dividend Forecast
Aug 12, 2026
Micronics Japan reported a sharp improvement in results for the six months ended June 30, 2026, with net sales up 48.6% year on year to ¥49.2 billion and operating profit more than doubling to ¥15.6 billion. Profit attributable to owners...
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.