Recurring Revenue & ServicesWintest's mix of subscription software and long-term service/maintenance contracts creates recurring revenue and stronger customer retention. Those predictable streams partially offset cyclical hardware sales, supporting steady revenue visibility and cross-sell opportunities over a multi-quarter horizon.

Market Position In ATEAs a supplier of automated test equipment and test-data analytics to large semiconductor and electronics firms, Wintest benefits from high technical barriers, long qualification cycles, and sticky customer relationships. This strategic position supports durable demand and competitive differentiation.

Revenue ReboundA 30.7% revenue recovery in 2025 indicates improving end-market demand and validates product-market fit. Sustained top-line growth of this magnitude can leverage fixed costs, help restore gross margins, and provide the operational runway needed to stabilize the business over coming quarters.

Bears Say

Severely Negative ProfitabilityThe shift to deeply negative gross profit and expanding net losses shows the core business is not covering direct costs. Persistently unprofitable unit economics threaten long-term viability, force margin-recovery actions, and can erode investor and customer confidence if structural cost or pricing issues remain unresolved.

Persistent Cash BurnConsistent negative operating and free cash flow, including ~-¥0.75B in 2025, increases funding risk and limits reinvestment capacity. Continued cash burn may force external financing, dilutive measures, or spending cuts, constraining R&D and capital expenditures needed to sustain product leadership.

Eroded Equity And Weaker Balance SheetEquity erosion from ¥1.66B to ¥0.34B and contracting total assets materially reduces the balance sheet cushion. Even with moderate debt ratios, the loss of equity weakens financial flexibility, heightens refinancing risk, and leaves less room to absorb future revenue or margin shocks.

6721 FAQ

What was Wintest Corp.’s price range in the past 12 months?

Wintest Corp. lowest stock price was ¥90.00 and its highest was ¥185.00 in the past 12 months.

What is Wintest Corp.’s market cap?

Wintest Corp.’s market cap is ¥7.44B.

When is Wintest Corp.’s upcoming earnings report date?

Wintest Corp.’s upcoming earnings report date is May 20, 2026 which is in 86 days.

How were Wintest Corp.’s earnings last quarter?

Wintest Corp. released its earnings results on Feb 16, 2026. The company reported -¥11.24 earnings per share for the quarter, missing the consensus estimate of N/A by -¥11.24.

Is Wintest Corp. overvalued?

According to Wall Street analysts Wintest Corp.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Wintest Corp. pay dividends?

Wintest Corp. does not currently pay dividends.

What is Wintest Corp.’s EPS estimate?

Wintest Corp.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Wintest Corp. have?

Wintest Corp. has 53,927,100 shares outstanding.

What happened to Wintest Corp.’s price movement after its last earnings report?

Wintest Corp. reported an EPS of -¥11.24 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 2.521%.

Which hedge fund is a major shareholder of Wintest Corp.?

Currently, no hedge funds are holding shares in JP:6721

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Wintest Corp.

Wintest Corp. designs, develops, and sells automatic test equipment for semiconductor integrated circuits and flat panel displays for image sensor tester, LCD driver tester, and logic tester markets primarily in Japan. It offers LCD/OLED high speed driver test equipment, LCD/PDP/OLED driver IC test systems, standard logic IC test systems, digital output CIS test systems, high-end CCD/CIS test systems, LCD/OLED/LCOS array/CCD/CIS test systems, compact analog mixed signal IC test systems, and analog and mixed signal IC test systems, as well as automatic machines and handlers. In addition, the company is involved in the design and construction, inspection, maintenance, and assurance to solar power generation systems; solar panel monitoring agency business; sales and maintenance of environmental equipment; and design and manufacture of AOI test systems. Further, it offers cleaning and coating, insurance handling, and consulting services. Wintest Corp. was incorporated in 1993 and is headquartered in Yokohama, Japan. Wintest Corp. opeartes as a subsidiary of Wuhan Jingce Electronic Group Co.,Ltd.