Endo Lighting Corporation (6932) AI Stock Analysis

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Endo Lighting Corporation

(TSE/TYO:6932)

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Rating:73Outperform

Price Target:JPY 2,799.00▲(10.90% Upside)

Action:upgraded

Date:11/13/26

The overall score is driven by a strong financial foundation and very attractive valuation. The company's robust balance sheet and high dividend yield are key strengths. These positives are partially offset by mixed technical indicators, which show the stock in a transitional phase with bearish momentum signals.

Positive Factors

Revenue GrowthRevenue rose from ¥35.4B in 2021 to ¥55.5B in 2026, including very strong 2026 growth. This multi-year expansion indicates sustained demand for the company’s lighting products and solutions, creating a broader base from which operating earnings can compound.

Negative Factors

Cash Flow VolatilityCash generation has been inconsistent, with sharply weaker operating cash flow and negative free cash flow in 2025 between stronger years. This volatility makes earnings conversion less predictable and can complicate funding for investment, dividends, or working-capital needs.

Endo Lighting Corporation (6932) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 37.28B
Dividend Yield: 3.49%
Average Volume (3M): 43.81K
Price to Earnings (P/E): 8.8
Beta (1Y): 1.24
Revenue Growth: 6.54%
EPS Growth: -17.62%
Country: Japan
Employees: 1,648
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Endo Lighting Corporation Business Overview & Revenue Model

Company Description

ENDO Lighting Corporation is a global enterprise that develops, produces, and distributes a wide range of lighting solutions. Its extensive product catalog particularly emphasizes LED technology, including recessed downlights, adjustable spotlights,...

How the Company Makes Money

Endo Lighting Corporation makes money primarily by selling lighting-related products and solutions. Key revenue streams include (1) sales of lighting fixtures and related hardware (e.g., luminaires and associated components) to customers involved in...

Endo Lighting Corporation Financial Statement Overview

Summary

Solid financial health with a strong balance sheet (Score 85) and consistent profitability. Revenue growth has slowed recently, and cash flows show some volatility, but the overall trend in margins and equity base is positive.

Income Statement

75Positive

Balance Sheet

85Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	57.46B	55.47B	53.73B	51.71B	45.73B	40.64B
Gross Profit	23.96B	22.77B	20.32B	19.46B	15.61B	15.54B
EBITDA	9.33B	9.20B	8.28B	8.40B	6.22B	7.08B
Net Income	4.23B	4.34B	4.80B	4.65B	2.96B	3.33B
Balance Sheet
Total Assets	75.97B	76.59B	67.67B	62.75B	57.34B	55.59B
Cash, Cash Equivalents and Short-Term Investments	21.93B	25.06B	15.69B	16.37B	12.05B	10.79B
Total Debt	13.47B	15.31B	13.08B	12.41B	16.02B	16.01B
Total Liabilities	24.10B	26.56B	23.61B	24.18B	25.80B	27.35B
Stockholders Equity	51.87B	50.02B	44.05B	38.57B	31.54B	28.24B
Cash Flow
Free Cash Flow	64.50M	6.34B	-1.24B	7.31B	1.01B	1.88B
Operating Cash Flow	1.43B	10.28B	2.92B	10.15B	3.90B	5.03B
Investing Cash Flow	-1.50B	-4.30B	-4.32B	-2.90B	-2.79B	-3.06B
Financing Cash Flow	-1.27B	1.13B	-6.00M	-4.09B	-461.00M	-2.13B

Endo Lighting Corporation Technical Analysis

Technical Analysis SentimentPositive

Last Price2524.00

Price Trends

50DMA2466.73Positive

100DMA2469.18Positive

200DMA2512.44Positive

Market Momentum

MACD-28.11Negative

RSI57.88Neutral

STOCH79.12Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6932, the sentiment is Positive. The current price of 2524.00 is above the 20-day moving average (MA) of 2406.55, above the 50-day MA of 2466.73, and above the 200-day MA of 2512.44, indicating a bullish trend. The MACD of -28.11 indicates Negative momentum. The RSI at 57.88 is Neutral, neither overbought nor oversold. The STOCH value of 79.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6932.

Endo Lighting Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:6932 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:8130	82Outperform	JPY 184.23B	11.41	―	4.81%	3.50%	19.85%
JP:7989	73Outperform	JPY 54.30B	15.91	―	3.86%	4.41%	1.84%
JP:6932	73Outperform	JPY 37.09B	8.81	―	3.49%	6.54%	-17.62%
JP:7981	72Outperform	JPY 190.81B	13.30	―	4.20%	1.75%	7.96%
JP:7874	68Neutral	JPY 33.20B	11.75	―	3.19%	3.16%	66.87%
JP:5946	61Neutral	JPY 66.82B	21.37	2.20%	2.30%	1.17%	49.61%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

JP:6932 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:6932	Endo Lighting Corporation	2524.00	450.84	21.75%
JP:5946	Chofu Seisakusho Co	2004.00	94.96	4.97%
JP:7874	LEC INC	972.00	-51.44	-5.03%
JP:7981	Takara Standard Co., Ltd	3050.00	595.69	24.27%
JP:7989	Tachikawa Corporation	2588.00	703.15	37.31%
JP:8130	Sangetsu Corporation	3225.00	312.12	10.72%

Endo Lighting Corporation Corporate Events

Endo Lighting Posts Higher Sales, Steady Dividends Despite Profit Dip

Oct 30, 2026

Endo Lighting reported consolidated net sales of ¥27.13 billion for the six months ended September 30, 2026, up 7.9% year on year, with operating profit rising slightly to ¥2.12 billion and ordinary profit to ¥2.33 billion. Profit attributable to own...

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: Nov 13, 2026

Endo Lighting Corporation AI Stock Analysis