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Endo Lighting Corporation
(6932)
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Rating:78Outperform
Price Target:
¥3,046.00
▲(24.89% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by attractive valuation (low P/E and solid dividend yield) and solid financial performance (strong growth and improved leverage). Technicals are supportive with price above key moving averages and positive MACD, but overbought RSI/Stoch and cash-flow volatility (including a negative free cash flow year) temper the overall rating.
Positive Factors
Multi-year revenue growth
Revenue expanded from 35.4B in 2021 to 55.5B in 2026, including very strong 2026 growth. This sustained multi-year expansion indicates broadening demand for the company’s lighting products and provides a stronger base for future operating scale.
Negative Factors
Uneven cash conversion
Cash generation has been inconsistent despite positive results in 2024 and 2026. The weak 2025 operating cash flow and negative free cash flow show that reported earnings do not always convert reliably into cash, which can constrain funding flexibility and reduce confidence in earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Revenue expanded from 35.4B in 2021 to 55.5B in 2026, including very strong 2026 growth. This sustained multi-year expansion indicates broadening demand for the company’s lighting products and provides a stronger base for future operating scale.
Read all positive factors
Endo Lighting Corporation (6932) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥37.34B
Dividend Yield3.54%
Average Volume (3M)37.91K
Price to Earnings (P/E)8.6
Beta (1Y)1.05
Revenue Growth2.73%
EPS Growth-17.96%
CountryJP
Employees1,648
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)292.03
Shares Outstanding14,776,321
10 Day Avg. Volume27,440
30 Day Avg. Volume37,913
Financial Highlights & Ratios
PEG Ratio-0.90
Price to Book (P/B)0.74
Price to Sales (P/S)0.67
P/FCF Ratio5.84
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)311.5
Revenue Forecast (FY)¥60.00B
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 spotlight...
How the Company Makes Money
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Endo Lighting Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| 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 | 0.00 | 6.34B | -1.24B | 7.31B | 1.01B | 1.88B |
| Operating Cash Flow | 0.00 | 10.28B | 2.92B | 10.15B | 3.90B | 5.03B |
| Investing Cash Flow | 0.00 | -4.30B | -4.32B | -2.90B | -2.79B | -3.06B |
| Financing Cash Flow | 0.00 | 1.13B | -6.00M | -4.09B | -461.00M | -2.13B |
Endo Lighting Corporation Technical Analysis
Negative
2439.00
Price Trends
2531.70
Negative
2513.65
Negative
2498.40
Negative
Market Momentum
-14.11
Positive
41.38
Neutral
24.83
Neutral
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 2439 is below the 20-day moving average (MA) of 2559.65, below the 50-day MA of 2531.70, and below the 200-day MA of 2498.40, indicating a bearish trend. The MACD of -14.11 indicates Positive momentum. The RSI at 41.38 is Neutral, neither overbought nor oversold. The STOCH value of 24.83 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥184.81B | 11.18 | ― | 4.89% | 3.91% | 28.69% | |
78 Outperform | ¥37.34B | 8.57 | ― | 3.54% | 2.73% | -17.96% | |
74 Outperform | ¥56.22B | 16.30 | ― | 3.76% | 4.61% | 7.46% | |
73 Outperform | ¥194.88B | 13.46 | ― | 3.77% | 2.58% | 26.69% | |
68 Neutral | ¥70.09B | 23.06 | 2.20% | 2.24% | -1.15% | 31.88% | |
68 Neutral | ¥32.86B | 11.49 | ― | 2.82% | 3.16% | 66.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:6932
Endo Lighting Corporation
2,514.00
364.89
16.98%
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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 pro...
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.