Stanley Electric Co Ltd (JP:6923)
:6923
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Stanley Electric Co
(6923)
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Rating:75Outperform
Price Target:
¥3,925.00
▲(23.62% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by solid financial performance (steady growth and stable profitability, tempered by 2026 margin pressure, higher leverage, and weaker cash conversion). Technicals add support via strong trend strength, though overbought signals raise near-term pullback risk. Valuation is supportive with a modest P/E and a ~3% dividend yield.
Positive Factors
OEM-focused business model
A direct OEM supply model with global production footprints and just-in-time support embeds Stanley into automakers' supply chains, creating durable revenue visibility, high switching costs and recurring content-per-vehicle upside as automakers upgrade to advanced lighting systems.
Negative Factors
Rising leverage
A meaningful increase in debt reduces financial flexibility and raises interest expense risk; higher leverage can constrain strategic optionality (M&A, capex, dividends) and increases vulnerability to demand shocks or weaker cash conversion over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
OEM-focused business model
A direct OEM supply model with global production footprints and just-in-time support embeds Stanley into automakers' supply chains, creating durable revenue visibility, high switching costs and recurring content-per-vehicle upside as automakers upgrade to advanced lighting systems.
Read all positive factors
Stanley Electric Co (6923) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥437.81B
Dividend Yield2.88%
Average Volume (3M)654.85K
Price to Earnings (P/E)14.3
Beta (1Y)0.76
Revenue Growth1.74%
EPS Growth21.36%
CountryJP
Employees16,778
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)206.24
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 Upside35.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)298.76
Revenue Forecast (FY)¥618.09B
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 makes money mainly by designing, manufacturing, and selling automotive lighting products to vehicle manufacturers (OEM supply). Revenue is generated through (1) sales of exterior and interior automotive lamps—typically including h...
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 | 507.96B | 518.46B | 509.56B | 472.40B | 439.57B | 382.56B |
| Gross Profit | 105.88B | 107.88B | 99.66B | 77.46B | 77.44B | 65.47B |
| EBITDA | 94.24B | 98.92B | 97.13B | 80.24B | 86.68B | 72.18B |
| Net Income | 31.39B | 32.81B | 32.06B | 26.50B | 26.50B | 21.45B |
Balance Sheet | ||||||
| Total Assets | 741.63B | 809.26B | 749.61B | 708.26B | 629.61B | 585.38B |
| Cash, Cash Equivalents and Short-Term Investments | 214.54B | 226.99B | 221.03B | 198.64B | 173.41B | 150.75B |
| Total Debt | 44.45B | 120.91B | 44.58B | 14.28B | 14.17B | 12.58B |
| Total Liabilities | 154.66B | 237.32B | 150.69B | 118.90B | 93.48B | 96.42B |
| Stockholders Equity | 479.31B | 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
Neutral
3175.00
Price Trends
3371.18
Positive
3174.73
Positive
3087.01
Positive
Market Momentum
67.93
Positive
49.10
Neutral
28.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6923, the sentiment is Neutral. The current price of 3175 is below the 20-day moving average (MA) of 3629.60, below the 50-day MA of 3371.18, and above the 200-day MA of 3087.01, indicating a neutral trend. The MACD of 67.93 indicates Positive momentum. The RSI at 49.10 is Neutral, neither overbought nor oversold. The STOCH value of 28.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ¥48.93B | 7.61 | 8.46% | 2.64% | -3.94% | 36.68% | |
75 Outperform | ¥437.81B | 14.27 | 6.37% | 2.88% | 1.74% | 21.36% | |
74 Outperform | ¥9.55T | 26.14 | 8.97% | 1.38% | 9.20% | 90.68% | |
74 Outperform | ¥598.14B | 10.53 | 8.58% | 2.62% | 8.21% | 72.79% | |
70 Outperform | ¥742.17B | 43.40 | 7.20% | 2.41% | 3.37% | -63.51% | |
68 Neutral | ¥5.12T | 11.46 | 6.98% | 2.98% | 5.28% | 12.90% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
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Stanley Electric Co Corporate Events
Stanley Electric Lifts Sales and Profit per Share Despite Margin Pressure
May 12, 2026
Stanley Electric reported a modest 1.7% rise in net sales to ¥518.4 billion for the fiscal year ended March 2026, but operating income fell 12.9% as margins narrowed, with the operating margin slipping from 9.6% to 8.2%. Ordinary income decli...
Stanley Electric Lifts Full-Year Dividend Payout for FY2026
May 12, 2026
Stanley Electric has revised its dividend forecast for the fiscal year ended March 2026, aligning with its financial strategy under the 8th Mid-Term Three-Year Management Plan that emphasizes stable dividends and appropriate profit distribution. T...
Stanley Electric Finalizes Full Acquisition of Iwasaki Electric
Apr 23, 2026
Stanley Electric Co., Ltd. has completed the acquisition of all shares of Iwasaki Electric Co., Ltd., a Tokyo-based developer and manufacturer of light sources, lighting equipment, applied optics, and environmental equipment, making it a wholly ow...
Stanley Electric Finalizes ¥70 Billion Covenant-Linked Loan With City Banks
Apr 15, 2026
Stanley Electric has finalized a previously approved unsecured loan agreement with two city banks, revising the execution date to April 15, 2026, and setting the principal at ¥70 billion with repayment now due on April 20, 2027. The facility ...
Stanley Electric Targets April to Complete Iwasaki Electric Takeover
Mar 31, 2026
Stanley Electric said its board has resolved to acquire all shares of Iwasaki Electric Co., Ltd., turning the fellow lighting manufacturer into a consolidated subsidiary as part of its expansion strategy. The closing of the deal remains contingent...
Stanley Electric Secures ¥70 Billion Loan to Fund Iwasaki Electric Acquisition
Mar 18, 2026
Stanley Electric Co., Ltd. has approved a new unsecured loan agreement with two city banks to finance its planned acquisition of shares in Iwasaki Electric Co., Ltd., a deal previously announced in January 2026 to make Iwasaki a subsidiary. The pl...
Stanley Electric Reshapes Board and Executive Lineup Ahead of 2026
Mar 18, 2026
Stanley Electric Co., Ltd. has announced a broad reshuffle of its top management, effective April 1, 2026, adjusting the roles of key executives including President Yasuaki Kaizumi, who will retain his positions as representative director, preside...
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.