TipRanks
Go Ultimate55% OFF

IRISO Electronics Co., Ltd. (6908) AI Stock Analysis

Top Page

JP:6908

IRISO Electronics Co., Ltd.

(TSE/TYO:6908)

Select Model
Rating:57Neutral
Price Target:JPY 2,817.00â–²(6.54% Upside)
Action:reiterated
Date:10/03/26

The overall score of 57 reflects a company with a strong financial foundation but significant operational headwinds. The primary strength is the exceptionally low debt and solid balance sheet, which provides a margin of safety. The most significant risk is the persistent deterioration in profit margins and return on equity, which is confirmed by a bearish technical trend with the stock trading below all key moving averages. The high dividend yield offers some valuation support but is not enough to offset the negative earnings trajectory and weak price momentum.

Positive Factors
Steady Revenue GrowthSteady revenue growth since 2021, including a sharper step-up in 2026, indicates continued demand for the company’s connector products. A growing top line can expand operating scale and support investment in product development and customer design-ins over the next several quarters.
Negative Factors
Profit Margin CompressionFalling gross, operating, and net margins indicate that revenue growth is currently producing less profit than in prior years. If this weaker profitability persists, it could limit earnings growth, reduce reinvestment capacity, and make future results more sensitive to cost or product-mix pressures.

IRISO Electronics Co., Ltd. (6908) vs. iShares MSCI Japan ETF (EWJ)

-20%-10%0%10%20%30%JP:6908-11.16%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 56.45B
Dividend Yield
5.67%
Average Volume (3M)
161.63K
Price to Earnings (P/E)
21.9
Beta (1Y)
1.00
Revenue Growth
9.70%
EPS Growth
3.12%
Country
Japan
Employees
2,842
Sector
General
Sector Strength
55
Industry
Hardware, Equipment & Parts

IRISO Electronics Co., Ltd. Business Overview & Revenue Model

Company Description

Iriso Electronics Co., Ltd. develops, manufactures, and sells connectors in Japan, rest of Asia, Europe, and North America. The company offers board to board, FPC/FFC, wire harness, socket, pin header, input/output, and card edge connectors; compress...

How the Company Makes Money

IRISO primarily makes money by designing, manufacturing, and selling electronic connectors and related interconnect products to equipment makers and electronic component distributors. Revenue is generated from product sales (unit-based shipments) whe...

IRISO Electronics Co., Ltd. Financial Statement Overview

Summary

Financial performance is mixed. A fortress-like balance sheet (Score: 78) with minimal debt provides significant stability. However, this is offset by a severe and sustained decline in profitability (Income Score: 42) and volatile free cash flow (Cash Flow Score: 55). The inability to convert strong revenue growth into bottom-line earnings is a major concern.

Income Statement

42Neutral

Balance Sheet

78Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue61.95B61.96B56.33B55.27B52.90B43.86B
Gross Profit17.66B17.57B17.94B17.14B17.32B14.34B
EBITDA12.33B12.29B12.43B12.29B13.14B9.88B
Net Income2.58B2.55B2.66B5.59B5.54B3.91B
Balance Sheet
Total Assets94.82B94.82B91.70B96.86B82.49B73.15B
Cash, Cash Equivalents and Short-Term Investments28.50B28.50B24.31B26.69B18.64B14.07B
Total Debt10.21B10.21B10.23B7.75B3.42B1.21B
Total Liabilities020.29B20.50B19.84B14.47B11.38B
Stockholders Equity74.53B74.53B70.62B76.23B67.42B61.34B
Cash Flow
Free Cash Flow05.58B3.44B5.11B4.51B1.25B
Operating Cash Flow010.96B12.04B12.93B11.61B6.69B
Investing Cash Flow0-5.54B-8.78B-9.09B-8.18B-6.25B
Financing Cash Flow0-2.80B-5.50B2.31B516.00M-1.61B

IRISO Electronics Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price2644.00

Price Trends

50DMA2774.48Negative
100DMA2832.68Negative
200DMA3102.75Negative

Market Momentum

MACD-53.39Positive
RSI42.47Neutral
STOCH44.13Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6908, the sentiment is Negative. The current price of 2644.00 is below the 20-day moving average (MA) of 2727.15, below the 50-day MA of 2774.48, and below the 200-day MA of 3102.75, indicating a bearish trend. The MACD of -53.39 indicates Positive momentum. The RSI at 42.47 is Neutral, neither overbought nor oversold. The STOCH value of 44.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6908.

IRISO Electronics Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:6908 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:5344JP:534468NeutralJPY 635.02B27.7715.30%0.21%25.86%25.55%
JP:6770JP:677068NeutralJPY 408.72B16.023.75%3.07%5.06%-65.51%
JP:6806JP:680666NeutralJPY 748.91B23.558.79%2.20%15.94%6.46%
JP:6981JP:698162NeutralJPY 11.73T43.7210.61%1.10%14.53%24.27%
JP:6807JP:680758NeutralJPY 171.39B31.363.74%2.21%10.23%-33.88%
JP:6908JP:690857NeutralJPY 61.87B21.86―5.67%9.70%3.12%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

0%100%200%JP:6908JP:5344JP:6770JP:6806JP:6807JP:6981Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:6908 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:6908IRISO Electronics Co., Ltd.2644.00-322.57-10.87%
JP:5344Maruwa Co51470.007681.9617.54%
JP:6770Alps Alpine Co 2085.00195.0410.32%
JP:6806HIROSE ELECTRIC CO23625.003392.5716.77%
JP:6807Japan Aviation Electronics Industry 2485.00229.5910.18%
JP:6981Murata Manufacturing Co 6358.003012.3990.04%

IRISO Electronics Co., Ltd. Corporate Events

IRISO Electronics Corrects Prior-Period Restated Financial Figures

Oct 1, 2026

IRISO Electronics has issued a partial correction to its recent notice on amendments to past annual securities reports and consolidated financial results. The company identified errors in previously disclosed post-restatement figures, including impac...

IRISO Electronics Corrects Key Dividend Ratios in FY2026 Results

Oct 1, 2026

IRISO Electronics has issued a correction to its consolidated financial results for the year ended March 31, 2026, specifically revising data in the cash dividend section previously disclosed at the end of September. The revision affects the reported...

IRISO Electronics Corrects Name Spelling in Director Change Notice

Oct 1, 2026

IRISO Electronics Co., Ltd. has issued a correction to its previously released notice regarding a change of representative director, clarifying the proper spelling of President and Representative Director Shuichi Ikeda’s name. The company updat...

IRISO Electronics Expands Scope of Internal Control Report Corrections

Oct 1, 2026

IRISO Electronics has issued a correction to its recent notice on material weaknesses in internal control over financial reporting, clarifying the scope of the internal control reports affected. The company, which supplies electronic components and c...

IRISO Electronics Restates Multi-Year Results After Overseas Misconduct Probe

Sep 30, 2026

IRISO Electronics has disclosed widespread misconduct and accounting issues at two overseas subsidiaries, including improper payments, delays in closing and audits, early revenue recognition in fiscal 2023 and 2024, and deficiencies in quality contro...

IRISO Electronics Flags Material Internal Control Weaknesses and Restates Past Financials

Sep 30, 2026

IRISO Electronics has disclosed material weaknesses in its internal control over financial reporting and submitted correction reports for multiple past fiscal years to Japan’s Kanto Regional Finance Bureau. The revisions follow an investigation...

IRISO Electronics Tightens Governance After Overseas Misconduct Probe

Sep 30, 2026

IRISO Electronics has moved to address improper payments and related misconduct uncovered at its overseas subsidiaries by a third-party investigation, adopting a comprehensive set of recurrence prevention measures approved by its board. The company p...

IRISO Electronics Replaces President After Probe Into Improper Payments

Sep 30, 2026

IRISO Electronics Co., Ltd. has announced a leadership change following an investigation into suspected improper payments at its overseas subsidiaries and potential accounting and quality control issues. The board appointed Director and Senior Managi...

IRISO Electronics Reshapes Management Across Administration and Production Units

Sep 30, 2026

IRISO Electronics has announced a series of personnel changes effective October 1, 2026, following a board resolution on September 30. The reshuffle spans key administrative and production management roles, indicating a realignment of management resp...

IRISO Electronics Grows Sales, Strengthens Balance Sheet but Flags Profit Squeeze Ahead

Sep 30, 2026

IRISO Electronics reported consolidated net sales of ¥61.96 billion for the year ended March 31, 2026, a 9.9% increase year-on-year, while operating profit was essentially flat at ¥5.44 billion and profit attributable to owners of parent ro...

IRISO Electronics Books Subsidy Income and Investigation Costs in FY2026 Results

Sep 30, 2026

IRISO Electronics has booked extraordinary income of 1,404 million yen from national subsidies related to its Akita factory, strengthening the financial support for its domestic manufacturing base. This subsidy recognition highlights government backi...

IRISO Electronics Beats Sales Forecast but Earnings Hit by Extraordinary Investigation Costs

Sep 30, 2026

IRISO Electronics reported consolidated net sales of ¥61.96 billion for the fiscal year ended March 2026, beating its earlier forecast of ¥58.0 billion, driven by stronger demand in the Chinese market and the beneficial impact of a weaker y...

IRISO Electronics Submits Delayed Annual Securities Report and Financial Results

Sep 30, 2026

IRISO Electronics has completed and submitted its Annual Securities Report for the fiscal year ended March 31, 2026 to the Director-General of the Kanto Local Finance Bureau, following an approved extension of the filing deadline to September 30, 202...

IRISO Electronics Vows Faster Reporting After Delayed FY2026 Results

Sep 30, 2026

IRISO Electronics has disclosed that its consolidated financial results for the fiscal year ended March 31, 2026 were announced more than 50 days after the year-end, following extensive work to correct past filings and complete additional audit proce...

IRISO Electronics Probe Finds Improper Payments and Control Failures

Sep 29, 2026

IRISO Electronics has disclosed the findings of a third-party committee that investigated improper payments and control failures at several overseas subsidiaries. The published report, partially redacted for confidentiality and available only in Japa...

IRISO Electronics to Release Probe Findings and Restated FY2026 Results

Sep 28, 2026

IRISO Electronics has received the report from an independent third-party committee that was set up to investigate possible improper payments at an overseas subsidiary, as well as issues related to accounting, product quality, and inspection practice...

IRISO Electronics Delays First-Quarter Earnings Amid Subsidiary Probe

Jul 30, 2026

IRISO Electronics has announced that disclosure of its financial results for the first quarter of the fiscal year ending March 31, 2027 will be delayed beyond the standard 45-day window, citing ongoing investigations and extended audit work. The comp...

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 03, 2026