Want to see JP:6904 full AI Analyst Report?
Top Page
Harada Industry Co., Ltd.
(6904)
Select Model
Select Model
Rating:57Neutral
Price Target:
¥803.00
▲(73.43% Upside)
Action:Reiterated
Date:09/29/26
The score is driven primarily by a mixed financial profile: improved earnings and markedly better cash generation are positives, but revenue declines and still-elevated leverage keep overall fundamentals only moderate. Technicals add support via strong trend/momentum, but extremely overbought readings temper the technical score. Valuation is neutral-to-slightly demanding given the P/E and low dividend yield.
Positive Factors
Return to Profitability
The return to positive earnings marks meaningful operational recovery after several loss-making years. If maintained, profitability can support internal funding, improve resilience, and provide a stronger base for investing in automotive antenna and RF product opportunities over the next several quarters.
Negative Factors
Revenue Decline
The reversal from strong growth to two consecutive years of revenue decline raises concerns about the durability of demand and vehicle-platform wins. Lower sales can reduce operating leverage, pressure margins, and make it harder for the company to sustain its recent earnings recovery across the automotive cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
The return to positive earnings marks meaningful operational recovery after several loss-making years. If maintained, profitability can support internal funding, improve resilience, and provide a stronger base for investing in automotive antenna and RF product opportunities over the next several quarters.
Read all positive factors
Harada Industry Co., Ltd. (6904) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥15.86B
Dividend Yield1.03%
Average Volume (3M)472.48K
Price to Earnings (P/E)15.2
Beta (1Y)0.46
Revenue Growth-0.70%
EPS Growth109.37%
CountryJP
Employees4,000
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)47.97
Shares Outstanding21,758,000
10 Day Avg. Volume125,590
30 Day Avg. Volume472,480
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.71
Price to Sales (P/S)0.23
P/FCF Ratio2.69
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)N/A
Revenue Forecast (FY)N/A
Harada Industry Co., Ltd. Business Overview & Revenue Model
Company Description
Harada Industry Co., Ltd. operates globally, specializing in the complete lifecycle of automotive communication systems. Their expertise spans the planning, design, development, manufacturing, and distribution of a wide range of vehicle antennas, ...
How the Company Makes Money
Harada Industry primarily makes money by designing, manufacturing, and selling automotive antennas and RF-related products to automotive OEMs and automotive parts suppliers for installation in new vehicles. Revenue is generated mainly through (1) ...
Harada Industry Co., Ltd. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
44
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.46B | 42.19B | 44.82B | 46.99B | 42.11B | 35.81B |
| Gross Profit | 10.40B | 9.54B | 9.23B | 8.66B | 7.06B | 5.81B |
| EBITDA | 4.42B | 3.28B | 3.07B | 4.41B | 552.45M | 224.09M |
| Net Income | 1.01B | 433.73M | 166.22M | 885.67M | -1.53B | -1.11B |
Balance Sheet | ||||||
| Total Assets | 36.24B | 35.84B | 39.14B | 37.75B | 40.30B | 36.02B |
| Cash, Cash Equivalents and Short-Term Investments | 7.75B | 6.98B | 6.45B | 5.14B | 5.97B | 3.75B |
| Total Debt | 13.95B | 14.93B | 17.79B | 16.00B | 20.70B | 17.97B |
| Total Liabilities | 21.06B | 22.13B | 25.76B | 25.83B | 29.13B | 24.82B |
| Stockholders Equity | 15.17B | 13.71B | 13.38B | 11.91B | 11.17B | 11.21B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.62B | 105.48M | 1.69B | -97.12M | -4.26B |
| Operating Cash Flow | 0.00 | 4.17B | 855.89M | 2.42B | 558.64M | -3.57B |
| Investing Cash Flow | 0.00 | -569.54M | -408.51M | 2.57B | -569.39M | -131.19M |
| Financing Cash Flow | 0.00 | -3.12B | 573.12M | -6.00B | 2.00B | 2.50B |
Harada Industry Co., Ltd. Technical Analysis
Neutral
463.00
Price Trends
732.54
Negative
591.98
Positive
530.82
Positive
Market Momentum
2.54
Positive
40.34
Neutral
11.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6904, the sentiment is Neutral. The current price of 463 is below the 20-day moving average (MA) of 839.85, below the 50-day MA of 732.54, and below the 200-day MA of 530.82, indicating a neutral trend. The MACD of 2.54 indicates Positive momentum. The RSI at 40.34 is Neutral, neither overbought nor oversold. The STOCH value of 11.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6904.
Harada Industry Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥51.96B | 16.76 | ― | 2.07% | 4.53% | 36.26% | |
74 Outperform | ¥42.16B | 13.42 | ― | 4.86% | 0.84% | 22.33% | |
69 Neutral | ¥35.36B | 2.09 | ― | 4.34% | -2.98% | 322.40% | |
68 Neutral | ¥4.25B | 12.10 | ― | 2.26% | 8.65% | 177.02% | |
59 Neutral | ¥208.45B | 8.15 | 15.75% | 2.70% | -3.84% | 183.41% | |
57 Neutral | ¥15.86B | 15.20 | ― | 1.03% | -0.70% | 109.37% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:6904
Harada Industry Co., Ltd.
729.00
269.30
58.58%
JP:6703
OKI Electric Industry Company
2,407.00
604.81
33.56%
JP:6675
SAXA Holdings, Inc.
1,929.00
231.59
13.64%
JP:6718
Aiphone Co., Ltd.
2,675.00
-15.58
-0.58%
JP:6771
Ikegami Tsushinki Co., Ltd.
665.00
73.28
12.38%
JP:6820
Icom Incorporated
3,620.00
554.45
18.09%
Harada Industry Co., Ltd. Corporate Events
Harada Industry Posts Strong Q1 but Maintains Cautious Full-Year Outlook
Aug 13, 2026
Harada Industry Co., Ltd. reported strong first-quarter results for the fiscal year ending March 31, 2027, with net sales rising 12.5% year-on-year to ¥11.39 billion and operating profit surging 79.7% to ¥1.63 billion. Profit attributabl...
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.