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Mitsui High-Tec, Inc.
(6966)
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Rating:53Neutral
Price Target:
¥881.00
▲(31.89% Upside)
Action:Reiterated
Date:09/12/26
The score is primarily constrained by deteriorating financial performance (sharp 2026 revenue decline, multi-year margin compression, and mostly negative free cash flow). Technical indicators also point to weak momentum with the stock trading below key moving averages. A moderate P/E and ~2% dividend yield provide partial valuation support but do not outweigh the near-term fundamental and trend pressures.
Positive Factors
Manageable Leverage
Manageable leverage and steadily growing equity provide financial resilience as the company navigates cyclical demand. This supports continued operations and gives Mitsui High-tec more flexibility to sustain investment in precision manufacturing and motor-core capacity.
Negative Factors
Revenue and Margin Contraction
The combination of a sharp 2026 revenue decline and multi-year margin compression signals weakening earnings power rather than a single isolated fluctuation. If sustained, it could reduce reinvestment capacity and weaken the company’s ability to absorb cyclical pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Manageable leverage and steadily growing equity provide financial resilience as the company navigates cyclical demand. This supports continued operations and gives Mitsui High-tec more flexibility to sustain investment in precision manufacturing and motor-core capacity.
Read all positive factors
Mitsui High-Tec, Inc. (6966) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥148.21B
Dividend Yield2.22%
Average Volume (3M)1.89M
Price to Earnings (P/E)16.6
Beta (1Y)2.01
Revenue Growth9.77%
EPS Growth-4.59%
CountryJP
Employees4,858
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)48.72
Shares Outstanding197,334,320
10 Day Avg. Volume1,812,890
30 Day Avg. Volume1,889,060
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)1.20
Price to Sales (P/S)0.62
P/FCF Ratio-38.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥820.00Price Target Upside22.75% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)80.61
Revenue Forecast (FY)¥264.20B
Mitsui High-Tec, Inc. Business Overview & Revenue Model
Company Description
Mitsui High-tec, Inc. produces and sells lead frames, precision tools, motor cores, and surface grinders for the electronics, automobile, and industrial machinery industries in Japan, China, and internationally. It operates through three segments:...
How the Company Makes Money
Mitsui High-tec primarily makes money by manufacturing and selling high-precision metal components and related production tooling. A major revenue stream comes from the motor core business, where the company supplies laminated cores (and related p...
Mitsui High-Tec, Inc. Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
66
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 240.67B | 218.33B | 214.89B | 195.88B | 174.62B | 139.43B |
| Gross Profit | 39.47B | 32.19B | 31.85B | 32.34B | 35.70B | 26.24B |
| EBITDA | 31.77B | 26.03B | 30.54B | 29.69B | 32.12B | 23.56B |
| Net Income | 8.91B | 3.15B | 12.22B | 15.54B | 17.58B | 11.78B |
Balance Sheet | ||||||
| Total Assets | 267.33B | 240.99B | 223.70B | 195.70B | 159.80B | 134.04B |
| Cash, Cash Equivalents and Short-Term Investments | 53.51B | 53.04B | 49.88B | 39.25B | 33.94B | 31.31B |
| Total Debt | 95.47B | 87.27B | 76.37B | 62.48B | 51.05B | 48.88B |
| Total Liabilities | 142.44B | 127.38B | 113.37B | 98.70B | 79.19B | 72.65B |
| Stockholders Equity | 124.56B | 113.25B | 109.98B | 96.63B | 80.31B | 61.12B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.49B | -1.46B | -4.04B | 651.00M | 369.00M |
| Operating Cash Flow | 0.00 | 24.14B | 24.37B | 31.68B | 22.08B | 18.13B |
| Investing Cash Flow | 0.00 | -28.77B | -26.51B | -36.39B | -19.59B | -17.74B |
| Financing Cash Flow | 0.00 | 7.12B | 11.07B | 8.83B | -665.00M | 12.47B |
Mitsui High-Tec, Inc. Technical Analysis
Negative
668.00
Price Trends
909.70
Negative
932.22
Negative
825.23
Negative
Market Momentum
-20.09
Positive
36.02
Neutral
17.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6966, the sentiment is Negative. The current price of 668 is below the 20-day moving average (MA) of 890.55, below the 50-day MA of 909.70, and below the 200-day MA of 825.23, indicating a bearish trend. The MACD of -20.09 indicates Positive momentum. The RSI at 36.02 is Neutral, neither overbought nor oversold. The STOCH value of 17.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6966.
Mitsui High-Tec, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥637.29B | 24.06 | 14.14% | 1.95% | 13.77% | 3.10% | |
71 Outperform | ¥643.83B | 26.39 | ― | 0.93% | 10.13% | 30.31% | |
70 Outperform | ¥55.75B | 24.99 | 15.54% | 1.08% | 15.61% | 31.44% | |
68 Neutral | ¥439.80B | 23.67 | ― | 0.83% | 37.81% | 88.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥423.18B | 11.34 | 12.97% | 1.87% | 42.63% | 139.80% | |
53 Neutral | ¥148.21B | 16.65 | ― | 2.22% | 9.77% | -4.59% |
* General Sector Average
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Mitsui High-Tec, Inc. Corporate Events
Mitsui High-tec Lifts Full-Year Profit Outlook on Strong Demand and FX Tailwinds
Sep 9, 2026
Mitsui High-tec has sharply upgraded its consolidated earnings forecast for the fiscal year ending January 31, 2027, citing strong sales driven by robust demand and favorable foreign exchange effects. The company now expects net sales of ¥272...
Mitsui High-tec Updates Q2 FY2027 Results and Earnings Outlook
Sep 9, 2026
Mitsui High-tec released its financial results for the second quarter of the fiscal year ending January 31, 2027, detailing consolidated performance for the first half and recent three-month periods. The disclosure covers changes in net sales, ope...
Mitsui High-Tec Posts Surging Profits and Raises Full-Year Outlook
Sep 9, 2026
Mitsui High-Tec reported strong interim results for the six months ended July 31, 2026, with net sales rising 20.6% year on year to ¥130.7 billion and operating profit surging 86.2% to ¥11.8 billion. Ordinary profit climbed 122.8% and pr...
Mitsui High-tec Books ¥2.2 Billion Dividend from Asian Subsidiary
Jul 14, 2026
Mitsui High-tec, Inc. reported that it has received a dividend of 2,226 million yen (approximately 14 million U.S. dollars) from its consolidated subsidiary, Mitsui Asia Headquarters Pte. Ltd., following a resolution passed in early June and payme...
Mitsui High-tec Books ¥1.5 Billion Forex Gain in First-Quarter Results
Jun 12, 2026
Mitsui High-tec reported that it recorded non-operating income of 1,508 million yen in foreign exchange gains in the first quarter of the fiscal year ending January 31, 2027, reflecting exchange rate fluctuations. The gain primarily stems from the...
Mitsui High-tec Lifts Full-Year Earnings Outlook on Strong Demand and FX Tailwinds
Jun 12, 2026
Mitsui High-tec has raised its consolidated full-year earnings forecast for the fiscal year ending January 31, 2027, citing stronger-than-expected demand and favorable foreign exchange effects. The company now expects net sales of ¥254 billio...
Mitsui High-tec Updates Q1 FY2027 Results and Revises Earnings Outlook
Jun 12, 2026
Mitsui High-tec released its financial results for the first quarter of the fiscal year ending January 31, 2027, detailing consolidated performance and segment results across electrical parts, electronic parts, and tooling and machine tools. The c...
Mitsui High-tec posts sharp profit rebound and lifts full-year outlook
Jun 12, 2026
Mitsui High-tec reported consolidated net sales of ¥61.9 billion for the three months ended April 30, 2026, a 13.2% increase year on year, with operating profit up 27.8% to ¥4.4 billion and ordinary profit surging nearly fourfold to ...
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.