Want to see JP:6923 full AI Analyst Report?
Top Page
Stanley Electric Co
(6923)
Select Model
Select Model
Rating:73Outperform
Price Target:
¥4,079.00
▲(12.99% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid financial performance with steady revenue growth, but it is held back by 2026 margin compression, higher leverage, and inconsistent free-cash-flow conversion. Technicals are supportive with the stock trading above key moving averages, though near-overbought signals reduce confidence. Valuation is reasonable with a mid-teens P/E and a ~2.84% dividend yield.
Positive Factors
Steady Revenue Growth
Sustained revenue expansion indicates resilient demand for Stanley Electric’s automotive lighting and electronic components. Its OEM program-based model can support recurring sales over vehicle-platform production cycles, providing a durable foundation for growth.
Negative Factors
Margin Compression
Lower operating and EBITDA margins suggest that cost, product mix, or pricing pressures are absorbing part of the benefit from revenue growth. If persistent across OEM programs, this could limit earnings scalability and reduce returns on future investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained revenue expansion indicates resilient demand for Stanley Electric’s automotive lighting and electronic components. Its OEM program-based model can support recurring sales over vehicle-platform production cycles, providing a durable foundation for growth.
Read all positive factors
Stanley Electric Co (6923) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥442.48B
Dividend Yield2.89%
Average Volume (3M)654.85K
Price to Earnings (P/E)14.6
Beta (1Y)0.81
Revenue Growth7.19%
EPS Growth21.95%
CountryJP
Employees18,230
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)246.79
Shares Outstanding126,000,000
10 Day Avg. Volume712,470
30 Day Avg. Volume654,850
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)0.86
Price to Sales (P/S)0.75
P/FCF Ratio16.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,300.00Price Target Upside19.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)302.74
Revenue Forecast (FY)¥629.43B
Stanley Electric Co Business Overview & Revenue Model
Company Description
Stanley Electric Co., Ltd., established in Tokyo, Japan in 1920, is a global leader in the manufacturing, sales, and import/export of a diverse range of lighting solutions, particularly for the automotive sector. The company's operations are struc...
How the Company Makes Money
Stanley Electric primarily makes money by manufacturing and selling components to original equipment manufacturers (OEMs), with revenue largely tied to the supply of lighting and related systems for new vehicles. Key revenue streams include: (1) A...
Stanley Electric Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 544.47B | 518.46B | 509.56B | 472.40B | 439.57B | 382.56B |
| Gross Profit | 117.70B | 107.88B | 99.66B | 77.46B | 77.44B | 65.47B |
| EBITDA | 100.15B | 98.92B | 97.13B | 80.24B | 86.68B | 72.18B |
| Net Income | 31.80B | 32.81B | 32.06B | 26.50B | 26.50B | 21.45B |
Balance Sheet | ||||||
| Total Assets | 932.44B | 809.26B | 749.61B | 708.26B | 629.61B | 585.38B |
| Cash, Cash Equivalents and Short-Term Investments | 240.78B | 226.99B | 221.03B | 198.64B | 173.41B | 150.75B |
| Total Debt | 206.69B | 120.91B | 44.58B | 14.28B | 14.17B | 12.58B |
| Total Liabilities | 358.24B | 237.32B | 150.69B | 118.90B | 93.48B | 96.42B |
| Stockholders Equity | 461.15B | 454.53B | 485.89B | 524.80B | 476.64B | 434.94B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 23.08B | 22.79B | 40.49B | 40.83B | 8.44B |
| Operating Cash Flow | 0.00 | 78.34B | 66.58B | 65.55B | 76.28B | 36.88B |
| Investing Cash Flow | 0.00 | -48.90B | -64.87B | -31.56B | -56.43B | -20.26B |
| Financing Cash Flow | 0.00 | -31.71B | -19.97B | -25.95B | -3.82B | -13.48B |
Stanley Electric Co Technical Analysis
Positive
3610.00
Price Trends
3565.94
Positive
3425.45
Positive
3220.03
Positive
Market Momentum
18.65
Negative
53.28
Neutral
50.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6923, the sentiment is Positive. The current price of 3610 is above the 20-day moving average (MA) of 3569.85, above the 50-day MA of 3565.94, and above the 200-day MA of 3220.03, indicating a bullish trend. The MACD of 18.65 indicates Negative momentum. The RSI at 53.28 is Neutral, neither overbought nor oversold. The STOCH value of 50.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6923.
Stanley Electric Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥54.80B | 7.34 | 8.50% | 2.64% | 2.02% | 29.47% | |
78 Outperform | ¥633.37B | 9.89 | 10.96% | 2.75% | 12.73% | 81.53% | |
73 Outperform | ¥442.48B | 14.62 | 7.21% | 3.03% | 7.19% | 21.95% | |
71 Outperform | ¥5.28T | 11.92 | 8.64% | 3.26% | 7.51% | 13.94% | |
71 Outperform | ¥754.59B | 33.25 | 2.64% | 2.28% | 6.85% | -54.33% | |
63 Neutral | ¥6.99T | 17.55 | 14.96% | 1.56% | 12.30% | 103.31% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
JP:6923
Stanley Electric Co
3,603.00
668.63
22.79%
JP:7276
Koito Manufacturing Co
2,666.50
579.64
27.78%
JP:6902
DENSO
1,903.50
-171.50
-8.26%
JP:5802
Sumitomo Electric Industries
2,255.00
1,246.56
123.61%
JP:7282
Toyoda Gosei Co
5,377.00
1,888.64
54.14%
JP:7244
Ichikoh Industries,Ltd.
562.00
125.92
28.87%
Stanley Electric Co Corporate Events
Stanley Electric Finalizes Restricted Stock Compensation, Minor Forfeiture Adjusts Total Disposal
Jul 31, 2026
Stanley Electric Co., Ltd. has completed payment for the disposal of treasury stock used as restricted stock compensation for managing executive officers, executive officers, employees, and directors of domestic subsidiaries, finalizing a share-ba...
Stanley Electric Posts Higher Q1 FY2027/3 Sales and Profit Despite China Slowdown
Jul 30, 2026
Stanley Electric Co. reported a strong start to FY2027/3, with revenue and profit growth despite persistent headwinds in the Chinese market. The company’s performance was buoyed by robust sales in the Americas and Asia-Pacific motorcycle bus...
Stanley Electric Completes Treasury Stock Disposal for Executive Compensation Trust
Jul 14, 2026
Stanley Electric Co., Ltd., a key player in automotive and optical electronics, has confirmed completion of payment procedures for a previously approved disposal of treasury stock used for stock-based executive compensation. The company, listed on...
Stanley Electric to Dispose of Treasury Stock for New Executive Share Plan
Jun 25, 2026
Stanley Electric has approved the disposal of 200,000 shares of its treasury stock, worth ¥709 million at ¥3,545 per share, to be allotted to The Master Trust Bank of Japan under an Executive Compensation BIP Trust for directors. The com...
Stanley Electric to Grant Restricted Treasury Shares to Executives and Staff
Jun 22, 2026
Stanley Electric will dispose of 35,170 shares of its treasury stock on July 31, 2026, under a restricted stock compensation plan targeting 557 managing executive officers, executive officers, employees, and directors of domestic subsidiaries. Pri...
Stanley Electric Overhauls Executive Pay with New Stock-Based BIP Trust
May 20, 2026
Stanley Electric Co., Ltd. has approved a revision of its executive compensation system, replacing its existing restricted stock program with a new stock-based Executive Compensation BIP Trust for directors residing in Japan. The move is intended ...
Stanley Electric Raises Annual Dividend as Payout Policy Supports Shareholders
May 20, 2026
Stanley Electric’s board has approved a year-end dividend of 55 yen per share for the fiscal year ended March 31, 2026, matching its latest forecast and bringing the total annual dividend to 104 yen when combined with the interim payment of ...
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.