SPK Corporation (7466) AI Stock Analysis

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SPK Corporation

(TSE/TYO:7466)

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Rating:76Outperform

Price Target:JPY 1,461.00▲(5.03% Upside)

Action:reiterated

Date:11/10/26

SPK Corporation earns a solid overall score driven heavily by its exceptional financial health and highly appealing valuation metrics, including a strong dividend yield. However, investors should note the current bearish technical trends and weak momentum, which weigh down the final rating.

Positive Factors

Consistent Revenue GrowthRevenue growth has been consistent from 2022 through 2026, with strong expansion in 2024–2025 and continued solid growth in 2026. For a distributor, this supports durable demand and scale, while expanding the base from which future earnings can grow.

Negative Factors

Modest ProfitabilityGross margin has stayed in the high-teens, net margin in the mid-3% range, and EBIT margin around 5%. This stable but modest profitability suggests limited pricing power and operating leverage, leaving earnings relatively sensitive to cost or volume pressure.

SPK Corporation (7466) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 28.09B
Dividend Yield: 2.88%
Average Volume (3M): 43.51K
Price to Earnings (P/E): 10.9
Beta (1Y): 0.72
Revenue Growth: 8.89%
EPS Growth: -2.14%
Country: Japan
Employees: 646
Sector: General
Sector Strength: 55
Industry: Auto - Parts

SPK Corporation Business Overview & Revenue Model

Company Description

SPK Corporation, along with its affiliated entities, specializes in the distribution of automotive spare parts and accessories, as well as components for industrial vehicles. Within Japan, its extensive product catalog encompasses items such as engin...

SPK Corporation Financial Statement Overview

Summary

SPK Corporation demonstrates robust financial stability characterized by steady revenue and net income growth, a highly conservative balance sheet with low leverage, and a recent surge in free cash flow conversion.

Income Statement

85Very Positive

Balance Sheet

88Very Positive

Cash Flow

86Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	78.11B	75.25B	68.72B	63.30B	54.70B	47.69B
Gross Profit	15.14B	14.44B	12.44B	11.35B	9.43B	7.71B
EBITDA	4.59B	4.89B	4.42B	3.94B	3.43B	2.68B
Net Income	2.58B	2.69B	2.50B	2.39B	2.06B	1.63B
Balance Sheet
Total Assets	47.61B	47.80B	44.17B	38.64B	34.35B	30.01B
Cash, Cash Equivalents and Short-Term Investments	10.30B	9.59B	7.87B	6.97B	6.61B	6.15B
Total Debt	7.95B	8.32B	7.72B	4.41B	3.78B	2.47B
Total Liabilities	17.25B	18.46B	17.11B	14.05B	12.18B	9.79B
Stockholders Equity	30.20B	29.18B	26.93B	24.48B	22.18B	20.22B
Cash Flow
Free Cash Flow	0	2.33B	495.24M	800.87M	329.26M	151.82M
Operating Cash Flow	0	2.56B	1.19B	1.84B	838.38M	536.48M
Investing Cash Flow	0	-778.00M	-2.89B	-1.80B	-879.51M	-592.53M
Financing Cash Flow	0	-88.00M	2.49B	167.46M	426.39M	-1.19B

SPK Corporation Technical Analysis

Technical Analysis SentimentPositive

Last Price1391.00

Price Trends

50DMA1416.72Negative

100DMA1378.83Positive

200DMA1308.10Positive

Market Momentum

MACD-18.80Negative

RSI51.47Neutral

STOCH80.63Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7466, the sentiment is Positive. The current price of 1391.00 is above the 20-day moving average (MA) of 1375.20, below the 50-day MA of 1416.72, and above the 200-day MA of 1308.10, indicating a neutral trend. The MACD of -18.80 indicates Negative momentum. The RSI at 51.47 is Neutral, neither overbought nor oversold. The STOCH value of 80.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7466.

SPK Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:7466 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:7466	76Outperform	JPY 28.28B	10.90	―	2.88%	8.89%	-2.14%
JP:6356	71Outperform	JPY 15.16B	7.21	―	1.04%	6.27%	40.78%
JP:7294	68Neutral	JPY 17.84B	6.92	―	3.93%	2.39%	―
JP:7247	63Neutral	JPY 11.44B	8.55	―	4.42%	7.94%	-52.23%
JP:5185	61Neutral	JPY 27.73B	14.82	―	4.75%	3.33%	-12.35%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:6584	42Neutral	JPY 24.86B	-15.28	―	3.86%	6.48%	-166.29%

* General Sector Average

Performance Comparison

JP:7466 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:7466	SPK Corporation	1391.00	288.82	26.20%
JP:5185	Fukoku Co., Ltd.	1947.00	225.29	13.09%
JP:6356	Nippon Gear Co., Ltd.	1055.00	242.34	29.82%
JP:6584	Sanoh Industrial Co., Ltd.	725.00	-64.36	-8.15%
JP:7247	Mikuni Corporation	339.00	6.29	1.89%
JP:7294	Yorozu Corporation	866.00	-74.45	-7.92%

SPK Corporation Corporate Events

SPK Reports Higher Sales and Operating Profit in First Half

Nov 4, 2026

SPK Corporation reported consolidated net sales of ¥39.318 billion for the six months ended September 2026, up 7.9% year on year. Operating profit increased 19.3% to ¥2.158 billion and ordinary profit rose 17.8% to ¥2.3 billion, while profit attribut...

SPK Corporation Director Resigns for Personal Reasons

Nov 4, 2026

SPK Corporation announced that Akira Kimura, a director, executive vice president, chief operating officer and head of all sales divisions, resigned effective November 3, 2026, citing personal reasons. The company said its remaining board composition...

SPK Corporation to Make Fukuda Parts a Wholly Owned Subsidiary

Aug 27, 2026

SPK Corporation will acquire all shares of Fukuda Parts Co., Ltd. and convert it into a wholly owned subsidiary, deepening an already long-standing business relationship between the two automotive parts traders. The Sapporo-based Fukuda Parts brings...

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: Nov 10, 2026

SPK Corporation AI Stock Analysis