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IRISO Electronics Co., Ltd.
(6908)
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Rating:66Neutral
Price Target:
Â¥2,940.00
â–¼(-8.55% Downside)
Action:Downgraded
Date:10/03/26
The score is led by solid financial resilience (strong balance sheet and operating cash flow) but is held back by clear profitability/ROE compression and weak free-cash-flow conversion. Technically, the stock remains in a downtrend (below key moving averages with a low RSI), while valuation is supported by a high dividend yield but tempered by a ~22.5 P/E.
Positive Factors
Steady Revenue Growth
Steady 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 Compression
Falling 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Steady 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.
Read all positive factors
IRISO Electronics Co., Ltd. (6908) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
Â¥63.69B
Dividend Yield5.51%
Average Volume (3M)136.52K
Price to Earnings (P/E)22.5
Beta (1Y)0.96
Revenue Growth9.70%
EPS Growth3.12%
CountryJP
Employees2,936
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)161.59
Shares Outstanding24,460,878
10 Day Avg. Volume186,700
30 Day Avg. Volume136,520
Financial Highlights & Ratios
PEG Ratio23.76
Price to Book (P/B)0.92
Price to Sales (P/S)1.10
P/FCF Ratio12.22
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)224.8
Revenue Forecast (FY)Â¥64.60B
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; compr...
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) ...
IRISO Electronics Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 61.29B | 61.96B | 56.33B | 55.27B | 52.90B | 43.86B |
| Gross Profit | 18.35B | 17.57B | 17.94B | 17.14B | 17.32B | 14.34B |
| EBITDA | 12.71B | 12.29B | 12.43B | 12.29B | 13.14B | 9.88B |
| Net Income | 3.45B | 2.55B | 2.66B | 5.59B | 5.54B | 3.91B |
Balance Sheet | ||||||
| Total Assets | 95.88B | 94.82B | 91.70B | 96.86B | 82.49B | 73.15B |
| Cash, Cash Equivalents and Short-Term Investments | 25.53B | 28.50B | 24.31B | 26.69B | 18.64B | 14.07B |
| Total Debt | 8.34B | 10.21B | 10.23B | 7.75B | 3.42B | 1.21B |
| Total Liabilities | 20.18B | 20.29B | 20.50B | 19.84B | 14.47B | 11.38B |
| Stockholders Equity | 75.70B | 74.53B | 70.62B | 76.23B | 67.42B | 61.34B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.58B | 3.44B | 5.11B | 4.51B | 1.25B |
| Operating Cash Flow | 0.00 | 10.96B | 12.04B | 12.93B | 11.61B | 6.69B |
| Investing Cash Flow | 0.00 | -5.54B | -8.78B | -9.09B | -8.18B | -6.25B |
| Financing Cash Flow | 0.00 | -2.80B | -5.50B | 2.31B | 516.00M | -1.61B |
IRISO Electronics Co., Ltd. Technical Analysis
Negative
3215.00
Price Trends
2798.82
Negative
2934.52
Negative
3143.90
Negative
Market Momentum
11.28
Positive
40.16
Neutral
48.84
Neutral
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 3215 is above the 20-day moving average (MA) of 2817.80, above the 50-day MA of 2798.82, and above the 200-day MA of 3143.90, indicating a bearish trend. The MACD of 11.28 indicates Positive momentum. The RSI at 40.16 is Neutral, neither overbought nor oversold. The STOCH value of 48.84 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥719.91B | 38.40 | 13.05% | 0.18% | 4.98% | 0.72% | |
70 Outperform | ¥799.32B | 25.14 | 8.79% | 2.06% | 15.94% | 6.46% | |
68 Neutral | ¥432.73B | 16.96 | 5.95% | 2.90% | 2.28% | -22.89% | |
66 Neutral | ¥63.69B | 22.51 | ― | 5.51% | 9.70% | 3.12% | |
65 Neutral | ¥15.62T | 58.23 | 9.94% | 0.83% | 10.31% | 24.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ¥180.84B | 27.00 | 4.63% | 2.10% | 7.73% | -29.74% |
* General Sector Average
JP:6908
IRISO Electronics Co., Ltd.
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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 im...
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 repor...
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 up...
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 an...
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 con...
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 investigat...
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 compan...
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 Man...
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 r...
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...
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 ba...
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 weake...
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, ...
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 pr...
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 J...
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 pract...
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 c...
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.