Matsuo Electric Co., Ltd. (6969) AI Stock Analysis

Matsuo Electric Co., Ltd.

(TSE/TYO:6969)

Select Model

Rating:71Outperform

Price Target:JPY 1,440.00▲(32.60% Upside)

Action:reiterated

Date:10/03/26

The overall score of 71 reflects a company with a strong and improving financial foundation, highlighted by revenue growth and a healthy balance sheet. The low valuation adds to the appeal. However, technical indicators suggest the stock's recent upward momentum may be losing steam in the near term, and the lack of a dividend is a minor drawback.

Positive Factors

Profitability recoveryThe return to solid profitability demonstrates meaningful recovery in the operating model after the 2022 loss. If maintained, stronger earnings can improve internal funding capacity, support financial resilience, and provide a firmer base for sustaining the company’s electronic-components business.

Negative Factors

Uneven earnings historyRecent profitability recovery has not yet established a consistently stable earnings record. Earlier revenue declines and the sharp 2024 earnings drop indicate that results can vary materially across the cycle, making future profit sustainability less certain and limiting confidence in steady compounding.

Matsuo Electric Co., Ltd. (6969) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 4.16B
Dividend Yield: ―
Average Volume (3M): 60.74K
Price to Earnings (P/E): 11.2
Beta (1Y): 1.03
Revenue Growth: 10.22%
EPS Growth: -40.17%
Country: Japan
Employees: 227
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Matsuo Electric Co., Ltd. Business Overview & Revenue Model

Company Description

Operating both domestically in Japan and across international markets, Matsuo Electric Co.,Ltd. is a manufacturer and supplier of crucial electronic components. Their product portfolio encompasses tantalum capacitors, film capacitors, and a variety o...

How the Company Makes Money

Matsuo Electric generates revenue primarily through the sale of electronic components it manufactures—most notably capacitors—to business customers (e.g., electronics makers and industrial equipment manufacturers). Its earnings are driven by (1) prod...

Matsuo Electric Co., Ltd. Financial Statement Overview

Summary

Matsuo Electric shows solid financial health with strong revenue growth of 13.1% and a robust balance sheet featuring a low debt-to-equity ratio of 0.68. Cash flow rebounded impressively, though historical volatility in cash generation tempers the score.

Income Statement

78Positive

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	4.69B	5.14B	4.55B	4.21B	4.65B	4.71B
Gross Profit	1.04B	1.62B	1.43B	1.14B	1.47B	1.50B
EBITDA	150.52M	826.50M	661.33M	357.53M	422.00M	-112.54M
Net Income	-382.35M	372.45M	449.97M	28.80M	306.63M	-223.94M
Balance Sheet
Total Assets	5.93B	6.91B	6.59B	6.61B	6.92B	6.43B
Cash, Cash Equivalents and Short-Term Investments	1.47B	1.53B	1.16B	1.79B	2.06B	1.84B
Total Debt	1.76B	2.13B	2.38B	2.62B	2.89B	2.47B
Total Liabilities	3.65B	3.77B	3.83B	4.30B	4.64B	4.45B
Stockholders Equity	2.28B	3.13B	2.76B	2.31B	2.28B	1.97B
Cash Flow
Free Cash Flow	0	556.77M	-385.02M	-26.61M	-29.72M	88.13M
Operating Cash Flow	0	782.54M	-85.07M	375.92M	244.34M	290.07M
Investing Cash Flow	0	-218.48M	-298.61M	-405.21M	-268.12M	-197.03M
Financing Cash Flow	0	-194.11M	-247.38M	-239.08M	242.61M	437.47M

Matsuo Electric Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price1086.00

Price Trends

50DMA1085.20Positive

100DMA1197.98Negative

200DMA1186.02Negative

Market Momentum

MACD8.22Positive

RSI43.05Neutral

STOCH35.94Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6969, the sentiment is Negative. The current price of 1086.00 is below the 20-day moving average (MA) of 1198.95, above the 50-day MA of 1085.20, and below the 200-day MA of 1186.02, indicating a neutral trend. The MACD of 8.22 indicates Positive momentum. The RSI at 43.05 is Neutral, neither overbought nor oversold. The STOCH value of 35.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6969.

Matsuo Electric Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:6969 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:6853	71Outperform	JPY 18.86B	19.14	―	2.91%	2.51%	0.17%
JP:6969	71Outperform	JPY 4.16B	11.24	―	―	10.22%	-40.17%
JP:6626	68Neutral	JPY 26.31B	7.91	―	2.03%	3.68%	-4.84%
JP:6658	66Neutral	JPY 7.94B	8.27	―	6.67%	-0.76%	-53.43%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:6664	47Neutral	JPY 3.66B	-5.61	―	―	1.67%	38.95%
JP:6926	45Neutral	JPY 4.18B	-2.64	―	―	11.93%	12.11%

* General Sector Average

Performance Comparison

JP:6969 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:6969	Matsuo Electric Co., Ltd.	1086.00	137.00	14.44%
JP:6626	Semitec Corporation	2314.00	-12.57	-0.54%
JP:6658	Shirai Electronics Industrial Co., Ltd.	525.00	-111.00	-17.45%
JP:6664	Optoelectronics Co., Ltd.	244.00	-22.00	-8.27%
JP:6853	Kyowa Electronic Instruments Co., Ltd.	739.00	64.11	9.50%
JP:6926	Okaya Electric Industries Co., Ltd.	187.00	-16.00	-7.88%

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: Oct 03, 2026

Matsuo Electric Co., Ltd. AI Stock Analysis