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Hokuriku Electric Industry Co., Ltd.
(6989)
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Rating:63Neutral
Price Target:
¥2,501.00
▼(-14.11% Downside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by moderate financial quality: a stronger, improving balance sheet offsets cash flow volatility and weaker 2026 cash conversion, while stable revenue and positive (but pressured) margins support earnings. Valuation is a clear positive with a low P/E and solid dividend yield. Technicals are mixed, with negative MACD and the stock below longer-term moving averages limiting the score.
Positive Factors
Improving Balance Sheet
Falling leverage and a larger equity base strengthen financial resilience and reduce balance-sheet strain. This gives Hokuriku more flexibility to withstand operating volatility, support customer programs, and fund growth without relying as heavily on external financing.
Negative Factors
Weak Cash Conversion
Low free-cash-flow conversion means reported earnings are not currently translating fully into cash available for reinvestment, debt reduction, or shareholder returns. Continued weak conversion would increase dependence on stable operations and limit flexibility during demand or profitability pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Balance Sheet
Falling leverage and a larger equity base strengthen financial resilience and reduce balance-sheet strain. This gives Hokuriku more flexibility to withstand operating volatility, support customer programs, and fund growth without relying as heavily on external financing.
Read all positive factors
Hokuriku Electric Industry Co., Ltd. (6989) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥17.77B
Dividend Yield4.05%
Average Volume (3M)10.43K
Price to Earnings (P/E)9.7
Beta (1Y)0.70
Revenue Growth4.15%
EPS Growth14.94%
CountryJP
Employees1,833
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)242.69
Shares Outstanding8,450,099
10 Day Avg. Volume14,730
30 Day Avg. Volume10,426
Financial Highlights & Ratios
PEG Ratio-1.61
Price to Book (P/B)0.81
Price to Sales (P/S)0.48
P/FCF Ratio36.47
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
Hokuriku Electric Industry Co., Ltd. Business Overview & Revenue Model
Company Description
Hokuriku Electric Industry Co.,Ltd., established in 1943 and headquartered in Toyama, Japan, specializes in the design, production, and global distribution of a wide array of electronic parts and devices. Its extensive product line includes a vari...
How the Company Makes Money
The company primarily makes money by selling the electronic components and products it manufactures to business customers (B2B), recognizing revenue when products are shipped/delivered under customer purchase orders. Key revenue streams generally ...
Hokuriku Electric Industry Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
73
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.53B | 43.13B | 43.19B | 40.81B | 45.46B | 40.45B |
| Gross Profit | 8.41B | 8.51B | 8.33B | 7.29B | 7.63B | 6.72B |
| EBITDA | 3.99B | 4.04B | 3.87B | 4.19B | 2.68B | 3.65B |
| Net Income | 1.90B | 1.99B | 2.19B | 2.54B | 647.00M | 1.95B |
Balance Sheet | ||||||
| Total Assets | 47.31B | 46.18B | 43.20B | 41.65B | 42.98B | 40.96B |
| Cash, Cash Equivalents and Short-Term Investments | 13.28B | 13.08B | 11.93B | 10.11B | 8.05B | 7.01B |
| Total Debt | 9.55B | 9.36B | 9.01B | 9.88B | 11.46B | 10.16B |
| Total Liabilities | 21.32B | 20.36B | 20.48B | 21.54B | 25.87B | 25.00B |
| Stockholders Equity | 25.99B | 25.82B | 22.71B | 20.11B | 17.11B | 15.95B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 572.00M | 3.11B | 3.82B | -128.00M | -2.06B |
| Operating Cash Flow | 0.00 | 1.40B | 4.12B | 4.52B | 629.00M | -909.00M |
| Investing Cash Flow | 0.00 | -134.00M | -1.47B | -737.00M | -1.04B | -1.06B |
| Financing Cash Flow | 0.00 | -644.00M | -1.91B | -2.48B | 773.00M | 23.00M |
Hokuriku Electric Industry Co., Ltd. Technical Analysis
Neutral
2912.00
Price Trends
2444.58
Negative
2465.30
Negative
2612.76
Negative
Market Momentum
-40.20
Positive
43.18
Neutral
35.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6989, the sentiment is Neutral. The current price of 2912 is above the 20-day moving average (MA) of 2404.25, above the 50-day MA of 2444.58, and above the 200-day MA of 2612.76, indicating a bearish trend. The MACD of -40.20 indicates Positive momentum. The RSI at 43.18 is Neutral, neither overbought nor oversold. The STOCH value of 35.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6989.
Hokuriku Electric Industry Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ¥14.32T | 53.39 | 9.94% | 0.84% | 10.31% | 24.82% | |
64 Neutral | ¥40.60B | 18.62 | ― | 4.29% | 9.71% | 23.67% | |
63 Neutral | ¥17.77B | 9.67 | ― | 4.05% | 4.15% | 14.94% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ¥175.01B | 22.84 | ― | 1.43% | 0.36% | 45.02% | |
51 Neutral | ¥67.52B | 45.77 | 2.26% | 1.58% | 7.59% | -34.90% | |
45 Neutral | ¥77.92B | 19.34 | 5.80% | 0.72% | 15.81% | ― |
* Technology Sector Average
JP:6989
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Hokuriku Electric Industry Co., Ltd. Corporate Events
Hokuriku Electric Industry Posts Higher Sales but Weaker Profits in June Quarter
Aug 7, 2026
Hokuriku Electric Industry reported consolidated net sales of ¥11.5 billion for the quarter ended June 2026, up 13.9% year on year, while operating profit fell 35.2% to ¥420 million and profit attributable to owners of parent declined 32...
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.