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Japan Resistor Mfg.Co.
(6977)
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Rating:43Neutral
Price Target:
¥1,436.00
▲(48.65% Upside)
Action:Reiterated
Date:07/01/26
The score is primarily constrained by weak financial performance: losses in 2024–2025, multi-year revenue decline, and notably rising leverage with a shrinking equity base. A positive factor is the 2025 improvement to positive operating and free cash flow, but the lack of provided technical indicators and a negative P/E (loss-making) keep the overall assessment cautious despite a modest dividend yield.
Positive Factors
2025 Cash Flow Recovery
The return to positive operating and free cash flow improves near-term financial resilience and demonstrates some ability to fund operations internally. If sustained, this could reduce dependence on external financing despite the company’s elevated leverage.
Negative Factors
Sustained Profitability Deterioration
Two consecutive years of net and operating losses show that stable gross margins are not translating into adequate earnings. Persistent losses can weaken the equity base, constrain investment capacity, and make the recent cash-flow recovery harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Cash Flow Recovery
The return to positive operating and free cash flow improves near-term financial resilience and demonstrates some ability to fund operations internally. If sustained, this could reduce dependence on external financing despite the company’s elevated leverage.
Read all positive factors
Japan Resistor Mfg.Co. (6977) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.86B
Dividend Yield1.68%
Average Volume (3M)893.00
Price to Earnings (P/E)―
Beta (1Y)0.55
Revenue Growth2.86%
EPS Growth37.26%
CountryJP
Employees302
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-254.03
Shares Outstanding1,240,000
10 Day Avg. Volume1,130
30 Day Avg. Volume893
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.02
Price to Sales (P/S)0.20
P/FCF Ratio11.30
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)N/A
Revenue Forecast (FY)N/A
Japan Resistor Mfg.Co. Business Overview & Revenue Model
Company Description
Established in Nanto, Japan, in 1943, Japan Resistor Mfg. Co., Ltd. is a global enterprise dedicated to the research, production, and distribution of an extensive range of electronic components and integrated systems. Their product portfolio featu...
How the Company Makes Money
The company primarily makes money by manufacturing and selling passive electronic components—centered on resistors—to business customers (e.g., electronics manufacturers and suppliers) that integrate these parts into their products. Revenue is gen...
Japan Resistor Mfg.Co. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
28
Negative
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.97B | 5.91B | 6.45B | 7.18B | 7.20B | 6.19B |
| Gross Profit | 1.35B | 1.25B | 1.31B | 1.54B | 1.68B | 1.40B |
| EBITDA | 145.79M | 52.87M | 33.79M | 307.73M | 385.79M | 273.01M |
| Net Income | -314.28M | -376.51M | -181.41M | 51.34M | 133.21M | 49.87M |
Balance Sheet | ||||||
| Total Assets | 7.42B | 7.21B | 7.73B | 7.67B | 7.62B | 6.84B |
| Cash, Cash Equivalents and Short-Term Investments | 2.18B | 1.66B | 1.67B | 1.50B | 1.37B | 1.42B |
| Total Debt | 4.42B | 4.11B | 4.22B | 3.79B | 3.24B | 2.96B |
| Total Liabilities | 5.73B | 5.55B | 5.83B | 5.64B | 5.59B | 4.97B |
| Stockholders Equity | 1.17B | 1.17B | 1.51B | 1.63B | 1.65B | 1.52B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 105.73M | -251.87M | -415.00M | -260.16M | -377.54M |
| Operating Cash Flow | 0.00 | 230.62M | 76.04M | -186.00M | -144.18M | -275.77M |
| Investing Cash Flow | 0.00 | -75.58M | -199.80M | -204.34M | -103.87M | -88.50M |
| Financing Cash Flow | 0.00 | -168.67M | 240.83M | 494.00M | 221.27M | 9.95M |
Japan Resistor Mfg.Co. Technical Analysis
Neutral
966.00
Price Trends
1506.38
Negative
1285.71
Positive
1120.64
Positive
Market Momentum
-2.47
Positive
48.88
Neutral
48.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6977, the sentiment is Neutral. The current price of 966 is below the 20-day moving average (MA) of 1518.05, below the 50-day MA of 1506.38, and below the 200-day MA of 1120.64, indicating a neutral trend. The MACD of -2.47 indicates Positive momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 48.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6977.
Japan Resistor Mfg.Co. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥5.75T | 24.91 | ― | 1.20% | 21.98% | 57.54% | |
65 Neutral | ¥13.25T | 51.06 | 8.95% | 0.78% | 10.31% | 24.82% | |
64 Neutral | ¥40.07B | 18.44 | ― | 4.53% | 9.71% | 23.67% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥76.38B | 16.67 | 6.00% | 1.15% | 17.86% | 1566.41% | |
54 Neutral | ¥1.20T | 62.45 | ― | 0.79% | 5.60% | ― | |
43 Neutral | ¥1.86B | -7.81 | ― | 3.16% | 2.86% | 37.26% |
* General Sector Average
JP:6977
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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.