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Shinko Shoji Co
(8141)
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Rating:56Neutral
Price Target:
¥1,617.00
▲(3.26% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by a conservative, low-leverage balance sheet, but is held back by thin margins, multi-year revenue contraction, and historically inconsistent cash conversion. Technicals are mixed with soft momentum, and the high P/E with a modest dividend yield further pressures the overall rating.
Positive Factors
Low Leverage / Strong Balance Sheet
A very low debt-to-equity (~0.10) provides durable downside protection and financial flexibility across the electronics cycle. This conservative balance sheet supports supplier credit, cushions working-capital volatility, and preserves capacity for selective investments or buffering cyclical demand shocks.
Negative Factors
Multi-year Revenue Contraction
Sustained revenue decline and recent large drops reduce scale economics and limit pricing leverage with suppliers. For a distribution-heavy model, shrinking top line amplifies margin pressure, curtails ability to invest in solutions growth, and increases sensitivity to losing a few key customers.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
A very low debt-to-equity (~0.10) provides durable downside protection and financial flexibility across the electronics cycle. This conservative balance sheet supports supplier credit, cushions working-capital volatility, and preserves capacity for selective investments or buffering cyclical demand shocks.
Read all positive factors
Shinko Shoji Co (8141) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥46.26B
Dividend Yield1.18%
Average Volume (3M)140.15K
Price to Earnings (P/E)41.1
Beta (1Y)0.37
Revenue Growth-0.53%
EPS Growth121.05%
CountryJP
Employees667
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)38.18
Shares Outstanding31,010,567
10 Day Avg. Volume155,690
30 Day Avg. Volume140,153
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.69
Price to Sales (P/S)0.37
P/FCF Ratio6.37
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
Shinko Shoji Co Business Overview & Revenue Model
Company Description
Shinko Shoji Co., Ltd. is a Japanese firm that operates both domestically and globally, primarily involved in the sale of electric motors and transformers. The company's operations are segmented into Electronic Components, Assembly, and Other Busi...
How the Company Makes Money
Shinko Shoji primarily makes money through the distribution (trading) of electronic components and related products. Its core revenue model is based on (1) product sales: purchasing components from manufacturers and reselling them to customers suc...
Shinko Shoji Co Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 104.56B | 99.11B | 116.01B | 175.85B | 179.08B | 135.21B |
| Gross Profit | 10.89B | 10.47B | 9.25B | 14.70B | 17.00B | 12.91B |
| EBITDA | 2.93B | 1.52B | 1.67B | 5.23B | 7.37B | 4.53B |
| Net Income | 1.10B | 1.13B | 506.00M | 3.19B | 4.71B | 2.82B |
Balance Sheet | ||||||
| Total Assets | 82.59B | 80.80B | 80.05B | 99.81B | 98.83B | 88.95B |
| Cash, Cash Equivalents and Short-Term Investments | 29.48B | 30.33B | 31.61B | 13.39B | 10.93B | 10.71B |
| Total Debt | 4.53B | 5.30B | 10.15B | 17.57B | 17.95B | 11.28B |
| Total Liabilities | 28.16B | 27.25B | 27.51B | 43.69B | 46.26B | 37.00B |
| Stockholders Equity | 53.52B | 52.65B | 51.70B | 55.33B | 51.86B | 51.37B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.73B | 31.64B | 4.55B | -1.04B | -11.90B |
| Operating Cash Flow | 0.00 | 5.82B | 31.72B | 4.70B | -905.00M | -11.63B |
| Investing Cash Flow | 0.00 | -389.00M | -3.09B | 105.00M | 9.00M | -407.00M |
| Financing Cash Flow | 0.00 | -6.77B | -11.56B | -2.76B | 682.00M | 4.25B |
Shinko Shoji Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥14.14B | 8.65 | ― | 3.67% | 1.45% | 13.08% | |
71 Outperform | ¥244.87B | 7.32 | 18.07% | 2.94% | 24.06% | 105.61% | |
69 Neutral | ¥21.66B | 12.16 | ― | 4.14% | 9.27% | -55.70% | |
69 Neutral | ¥63.46B | 16.44 | ― | 4.12% | 12.94% | 85.20% | |
64 Neutral | ¥47.67B | 15.52 | ― | 5.16% | 2.80% | -33.11% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | ¥46.26B | 41.07 | 2.17% | 1.17% | -0.53% | 121.05% |
* Technology Sector Average
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Shinko Shoji Co Corporate Events
Shinko Shoji Sets Record Date for Extraordinary Meeting on Kaga Electronics Deal
Aug 10, 2026
Shinko Shoji Co., Ltd. has set August 25, 2026, as the record date to determine shareholders eligible to vote at an extraordinary general shareholders meeting planned for early October. The notice, approved by the board, specifies that shareholder...
Kaga Electronics Becomes Parent Company of Shinko Shoji After Successful Tender Offer
Aug 4, 2026
Shinko Shoji Co., Ltd. reported that the tender offer for its common shares launched by Kaga Electronics Co., Ltd. concluded successfully on August 3, 2026, with 20,938,007 shares tendered, surpassing the minimum threshold of 15,988,500 shares req...
Shinko Shoji Posts Strong Sales Growth but Cuts Dividends for FY2027
Jul 31, 2026
Shinko Shoji reported consolidated net sales of ¥27.1 billion for the three months ended June 30, 2026, a 25.1% year-on-year increase, with operating profit up 33.1% and ordinary profit surging 67.9%. Despite this strong top-line and ordinary...
Kaga Electronics Holds Line on Tender Offer Price for Shinko Shoji Shares
Jul 29, 2026
Kaga Electronics Co., Ltd. has reaffirmed that its tender offer for the common shares of Shinko Shoji Co., Ltd., launched on May 18, 2026, will remain at a fixed price of 1,580 yen per share despite Shinko Shoji’s stock trading temporarily a...
Shinko Shoji Revises Stance as Kaga Electronics Eases Tender Offer Terms
Jul 17, 2026
Shinko Shoji Co., Ltd., a Tokyo Prime Market-listed electronics trading company, maintains a complex share structure including treasury stock and trust-based holdings for employee and board benefit schemes. Its ownership calculations rely on a ref...
Shinko Shoji Updates Stance as Kaga Electronics Extends Tender Offer Period Again
Jul 14, 2026
Shinko Shoji has announced a partial amendment to its previously disclosed opinion on the tender offer by Kaga Electronics, reflecting a further extension of the offer period. The tender offer, aimed at making Shinko Shoji a wholly owned subsidiar...
Shinko Shoji Extends Kaga Electronics Tender Offer Period to Mid-July
Jun 26, 2026
Shinko Shoji Co., Ltd. has amended its previously announced opinion on the tender offer by Kaga Electronics Co., Ltd., reflecting an extension of the offer period for its common shares. The tender offer, aimed at making Shinko Shoji a wholly owned...
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.