Endo Lighting Corporation (6932) AI Stock Analysis

Endo Lighting Corporation

(TSE/TYO:6932)

Select Model

Rating:80Outperform

Price Target:JPY 3,073.00▲(40.96% Upside)

Action:reiterated

Date:08/04/26

The overall score of 80 is heavily anchored by the company's robust financial foundation, particularly its progressively strengthening balance sheet and immense cash generation recovery. An exceptionally attractive valuation, featuring a low P/E and healthy dividend yield, further boosts the score. While technical price trends remain firmly bullish, elevated momentum indicators warrant mild caution for near-term entry.

Positive Factors

Strong multi-year revenue growthThe substantial increase in revenue over several years indicates expanding business activity and sustained demand for the company’s lighting products and solutions. Continued top-line growth can support operating leverage, provide resources for investment, and strengthen the company’s competitive position over the next several quarters.

Negative Factors

Uneven cash generationCash conversion has not been consistent despite solid reported profitability. The sharp 2025 operating-cash-flow weakness and negative free cash flow could constrain internally funded investment or shareholder returns if repeated, making cash generation a key factor to monitor over the next several quarters.

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

Market Cap: JPY 36.54B
Dividend Yield: 4.04%
Average Volume (3M): 35.87K
Price to Earnings (P/E): 7.5
Beta (1Y): 1.08
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

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Endo Lighting Corporation Financial Statement Overview

Summary

Solid financial health driven by a pristine, low-leverage balance sheet (D/E of 0.31), long-term revenue growth, and an exceptional free cash flow rebound in 2026. This is slightly offset by historical cash flow volatility and a minor recent contraction in net profitability.

Income Statement

78Positive

Balance Sheet

88Very Positive

Cash Flow

75Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	55.95B	55.47B	53.73B	51.71B	45.73B	40.64B
Gross Profit	23.19B	22.77B	20.32B	19.46B	15.61B	15.54B
EBITDA	9.38B	9.20B	8.28B	8.40B	6.22B	7.08B
Net Income	4.31B	4.34B	4.80B	4.65B	2.96B	3.33B
Balance Sheet
Total Assets	75.89B	76.59B	67.67B	62.75B	57.34B	55.59B
Cash, Cash Equivalents and Short-Term Investments	22.52B	25.06B	15.69B	16.37B	12.05B	10.79B
Total Debt	14.71B	15.31B	13.08B	12.41B	16.02B	16.01B
Total Liabilities	25.19B	26.56B	23.61B	24.18B	25.80B	27.35B
Stockholders Equity	50.69B	50.02B	44.05B	38.57B	31.54B	28.24B
Cash Flow
Free Cash Flow	0	6.34B	-1.24B	7.31B	1.01B	1.88B
Operating Cash Flow	0	10.28B	2.92B	10.15B	3.90B	5.03B
Investing Cash Flow	0	-4.30B	-4.32B	-2.90B	-2.79B	-3.06B
Financing Cash Flow	0	1.13B	-6.00M	-4.09B	-461.00M	-2.13B

Endo Lighting Corporation Technical Analysis

Technical Analysis SentimentNegative

Last Price2180.00

Price Trends

50DMA2505.98Negative

100DMA2471.78Positive

200DMA2517.43Negative

Market Momentum

MACD-6.88Positive

RSI46.63Neutral

STOCH53.76Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6932, the sentiment is Negative. The current price of 2180.00 is below the 20-day moving average (MA) of 2491.25, below the 50-day MA of 2505.98, and below the 200-day MA of 2517.43, indicating a bearish trend. The MACD of -6.88 indicates Positive momentum. The RSI at 46.63 is Neutral, neither overbought nor oversold. The STOCH value of 53.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 185.10B	11.14	―	4.92%	3.91%	28.69%
JP:6932	80Outperform	JPY 36.56B	7.46	―	4.04%	6.54%	-17.62%
JP:7989	73Outperform	JPY 54.32B	15.71	―	3.92%	4.41%	1.84%
JP:7981	72Outperform	JPY 188.94B	13.28	―	4.20%	1.75%	7.95%
JP:5946	68Neutral	JPY 65.70B	22.34	2.20%	2.31%	-1.15%	31.88%
JP:7874	68Neutral	JPY 32.48B	11.26	―	3.33%	3.16%	66.87%
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	2180.00	151.30	7.46%
JP:5946	Chofu Seisakusho Co	1992.00	71.23	3.71%
JP:7874	LEC INC	931.00	-56.51	-5.72%
JP:7981	Takara Standard Co., Ltd	3045.00	659.63	27.65%
JP:7989	Tachikawa Corporation	2554.00	719.78	39.24%
JP:8130	Sangetsu Corporation	3150.00	270.44	9.39%

Endo Lighting Corporation Corporate Events

Endo Lighting Posts Higher Sales, Affirms Dividend and Earnings Outlook

Jul 31, 2026

Endo Lighting reported consolidated net sales of ¥12.98 billion for the three months ended June 30, 2026, up 3.8% year on year, with operating profit rising 16.8% to ¥983 million. Ordinary profit slipped 0.8% to ¥969 million and profit...

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: Aug 04, 2026

Endo Lighting Corporation AI Stock Analysis