Debt-free Balance SheetA zero-debt balance sheet and growing equity create durable financial flexibility. This reduces refinancing risk, supports stable dividends and reinvestment, and allows Hioki to fund R&D, capex or acquisitions from internal resources without adding leverage, strengthening long-term resilience.

High And Improving MarginsSustained high gross and operating margins indicate pricing power and efficient product mix in test/measurement hardware and software. Robust margins support investment in product development and after-sales service, enabling long-term competitiveness and consistent internal funding of growth initiatives.

Diversified / Recurring Revenue StreamsA mix of hardware sales plus accessories, software and after-sales services builds recurring revenue and customer stickiness. Software and service offerings lengthen customer lifetime value, smooth hardware cyclicality, and create cross-sell opportunities that underpin more stable medium-term cashflows.

Bears Say

Near-term Revenue DecelerationSlowing top-line growth reduces operating leverage benefits and constrains margin expansion. If demand from key end markets (electronics, batteries, industrial) remains soft, Hioki's growth runway could be limited for several quarters, pressuring returns and slower EPS recovery.

Weaker Free-cash-flow ConversionA drop in FCF conversion reduces available cash for dividends, buybacks or incremental investment. Lower conversion increases sensitivity to working-capital swings and cyclical capex timing, weakening financial optionality despite solid reported profits and a conservative balance sheet.

End-market Cyclicality RiskHeavy reliance on customer capex cycles makes revenue and orders volatile across economic cycles. Even with diverse products, prolonged industry slowdowns in electronics or battery manufacturing can materially impact instrument demand and utilization of R&D/capacity investments.

6866 FAQ

What was Hioki E.E.Corporation’s price range in the past 12 months?

Hioki E.E.Corporation lowest stock price was ¥5260.00 and its highest was ¥7490.00 in the past 12 months.

What is Hioki E.E.Corporation’s market cap?

Hioki E.E.Corporation’s market cap is ¥99.21B.

When is Hioki E.E.Corporation’s upcoming earnings report date?

Hioki E.E.Corporation’s upcoming earnings report date is Apr 20, 2026 which is in 59 days.

How were Hioki E.E.Corporation’s earnings last quarter?

Hioki E.E.Corporation released its earnings results on Jan 23, 2026. The company reported ¥140.06 earnings per share for the quarter, beating the consensus estimate of N/A by ¥140.06.

Is Hioki E.E.Corporation overvalued?

According to Wall Street analysts Hioki E.E.Corporation’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Hioki E.E.Corporation pay dividends?

Hioki E.E.Corporation pays a Semiannually dividend of ¥100 which represents an annual dividend yield of 3.23%. See more information on Hioki E.E.Corporation dividends here

What is Hioki E.E.Corporation’s EPS estimate?

Hioki E.E.Corporation’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Hioki E.E.Corporation have?

Hioki E.E.Corporation has 14,024,365 shares outstanding.

What happened to Hioki E.E.Corporation’s price movement after its last earnings report?

Hioki E.E.Corporation reported an EPS of ¥140.06 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.897%.

Which hedge fund is a major shareholder of Hioki E.E.Corporation?

Currently, no hedge funds are holding shares in JP:6866

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

Hioki E.E.Corporation

Hioki E.E. Corporation, together with its subsidiaries, engages in the development, manufacture, sale, and service of electrical measuring instruments in Japan and internationally. The company offers data acquisition, oscilloscopes, and memory recorders, as well as multichannel, compact, and temperature data loggers; power meters, analyzers, quality analyzers, and loggers; LCR meters, impedance analyzers, capacitance and resistance meters, battery testers, super megohmmeters, electrometers, Pico ammeters, and benchtop digital multimeters; and current probes/sensors, voltage probes, and CAN sensors. It also provides RGB laser/LED optical meters, LAN cable testers, and solar panel/photovoltaic system maintenance products; magnetic field, temperature, sound level, lux, and rotation measuring products; and electrical safety testers, hipot/insulation/leakage testers, signal generators, and calibrators. In addition, the company offers testers and handheld digital multimeters; insulation testers and megohmmeters; clamp meters and multimeters; ground resistance, phase rotation, and voltage detection products; IoT/specialized solutions, meter relays, CTs, and shunts; and bare board, package, and populated board testing products, as well as calibration and repair services. Its products are used in the mobility, battery, energy, electronic components, and infrastructure industries. The company was founded in 1935 and is headquartered in Ueda, Japan.