Altech Co., Ltd. (9972) AI Stock Analysis

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Altech Co., Ltd.

(TSE/TYO:9972)

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Rating:45Neutral

Price Target:JPY 249.00▼(-1.97% Downside)

Action:reiterated

Date:11/05/26

The score is primarily weighed down by weak financial performance, driven by sustained recent losses, margin deterioration, and equity erosion despite resilient revenue. Technicals also remain bearish with the stock trading below major moving averages and negative momentum signals. Dividend yield offers modest support, but valuation is limited by negative earnings.

Positive Factors

Resilient RevenueResilient and recently growing revenue indicates continued customer demand for Altech’s industrial equipment, engineering, and support offerings. Maintaining sales despite weaker profitability provides a commercial base from which management can pursue operational improvements and restore earnings over the next several quarters.

Negative Factors

Sustained LossesThree consecutive years of losses materially weaken the durability of Altech’s earnings profile. The deeply negative 2025 net margin suggests revenue is not currently translating into adequate returns, limiting reinvestment capacity and leaving future financial performance dependent on a successful profitability recovery.

Altech Co., Ltd. (9972) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 3.51B
Dividend Yield: 2.76%
Average Volume (3M): 17.30K
Price to Earnings (P/E): -1.5
Beta (1Y): 0.44
Revenue Growth: 2.92%
EPS Growth: -458.06%
Country: Japan
Employees: 418
Sector: General
Sector Strength: 55
Industry: Industrial - Distribution

Altech Co., Ltd. Business Overview & Revenue Model

Company Description

Altech Co., Ltd., established in Tokyo, Japan in 1976, operates as a comprehensive trading company specializing in advanced machinery and equipment. Its diverse product portfolio includes printing and film laminating machines, alongside converting eq...

How the Company Makes Money

Altech generates revenue mainly through (1) product sales of industrial machinery, equipment, and related components sourced from domestic and overseas manufacturers and resold to corporate customers; (2) engineering and project-related income tied t...

Altech Co., Ltd. Financial Statement Overview

Summary

Revenue has held up, but profitability has deteriorated sharply with losses in 2023–2025, including a deeply negative net margin in 2025 and weaker gross margins versus earlier years. Balance sheet leverage is moderate, yet equity has declined and ROE turned strongly negative, showing losses are eroding shareholder value. Cash flow improved to positive operating cash flow in 2024–2025, but remains inconsistent and free cash flow has been volatile.

Income Statement

28Negative

Balance Sheet

55Neutral

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021
Income Statement
Total Revenue	17.14B	17.55B	18.23B	17.83B	16.32B	13.86B
Gross Profit	3.99B	3.29B	3.21B	3.14B	3.56B	3.49B
EBITDA	-490.69M	-902.75M	732.03M	-290.52M	1.18B	1.24B
Net Income	-2.32B	-2.59B	-98.82M	-1.03B	402.79M	542.02M
Balance Sheet
Total Assets	15.94B	14.92B	19.51B	21.61B	20.98B	19.66B
Cash, Cash Equivalents and Short-Term Investments	4.78B	3.61B	4.12B	3.16B	4.14B	4.24B
Total Debt	3.72B	4.03B	4.67B	5.69B	3.11B	2.54B
Total Liabilities	6.50B	6.45B	8.35B	9.79B	8.11B	8.07B
Stockholders Equity	9.39B	8.39B	11.38B	11.67B	12.73B	11.31B
Cash Flow
Free Cash Flow	115.72M	115.72M	-234.63M	-2.60B	-460.16M	-811.95M
Operating Cash Flow	625.70M	569.59M	454.59M	-937.91M	525.06M	1.13B
Investing Cash Flow	-158.18M	-102.07M	972.96M	-2.44B	-962.19M	-1.91B
Financing Cash Flow	-1.03B	-1.03B	-445.52M	2.37B	55.50M	1.29B

Altech Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price254.00

Price Trends

50DMA273.58Negative

100DMA274.06Negative

200DMA273.79Negative

Market Momentum

MACD-6.81Positive

RSI33.40Neutral

STOCH13.08Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9972, the sentiment is Negative. The current price of 254.00 is below the 20-day moving average (MA) of 264.55, below the 50-day MA of 273.58, and below the 200-day MA of 273.79, indicating a bearish trend. The MACD of -6.81 indicates Positive momentum. The RSI at 33.40 is Neutral, neither overbought nor oversold. The STOCH value of 13.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9972.

Altech Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:9972 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:6360	73Outperform	JPY 7.11B	15.86	―	3.16%	-5.27%	28.28%
JP:6218	58Neutral	JPY 3.96B	17.26	―	1.63%	-12.22%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:6334	49Neutral	JPY 5.23B	-14.04	―	1.34%	-19.87%	-247.56%
JP:6400	49Neutral	JPY 2.43B	9.70	6.72%	2.28%	1.40%	1.09%
JP:9972	45Neutral	JPY 2.62B	-1.53	―	2.76%	2.92%	-458.06%
JP:6757	42Neutral	JPY 4.56B	118.03	―	4.56%	1.06%	-25.88%

* General Sector Average

Performance Comparison

JP:9972 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9972	Altech Co., Ltd.	254.00	-21.00	-7.64%
JP:6400	Fuji Seiki Co., Ltd.	307.00	10.60	3.58%
JP:6218	Enshu Limited	613.00	105.20	20.72%
JP:6334	Meiji Machine Co., Ltd.	449.00	94.40	26.62%
JP:6360	Tokyo Automatic Machinery Works, Ltd.	5070.00	1686.75	49.86%
JP:6757	OSG Corporation Co., Ltd.	896.00	-14.53	-1.60%

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 05, 2026

Altech Co., Ltd. AI Stock Analysis