Apple International Co., Ltd. (JP:2788)
:2788
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Apple International Co., Ltd.
(2788)
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Rating:55Neutral
Price Target:
¥386.00
▲(12.87% Upside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by weak financial quality—especially several years of negative operating/free cash flow and recent margin and earnings deterioration. Valuation is a major offset with a very low P/E and a moderate dividend yield. Technicals are moderately supportive as price is above key moving averages, but momentum indicators are mixed.
Positive Factors
Historical Revenue Growth
Sustained revenue expansion into 2023–2024 shows the business has product-market fit and scale in its dealership operations. That prior momentum indicates an ability to grow top line under favorable conditions, supporting medium-term recovery if margin headwinds ease.
Negative Factors
Weak Cash Conversion
Multi-year negative operating and free cash flow despite positive net income signals poor cash conversion and working-capital strain. This undermines internal funding for capex/dividends, increases reliance on external financing, and raises execution risk over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical Revenue Growth
Sustained revenue expansion into 2023–2024 shows the business has product-market fit and scale in its dealership operations. That prior momentum indicates an ability to grow top line under favorable conditions, supporting medium-term recovery if margin headwinds ease.
Read all positive factors
Apple International Co., Ltd. (2788) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.27B
Dividend Yield4.45%
Average Volume (3M)26.22K
Price to Earnings (P/E)4.5
Beta (1Y)0.73
Revenue Growth10.15%
EPS Growth26.37%
CountryJP
Employees88
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)48.90
Shares Outstanding13,943,400
10 Day Avg. Volume18,570
30 Day Avg. Volume26,216
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)0.42
Price to Sales (P/S)0.11
P/FCF Ratio-46.36
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
Apple International Co., Ltd. Business Overview & Revenue Model
Company Description
Apple International Co., Ltd. (2788) is a diversified company primarily engaged in the manufacturing and distribution of electronic components and related products. The company operates in various sectors, including technology, telecommunications,...
How the Company Makes Money
null...
Apple International Co., Ltd. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.33B | 40.81B | 43.80B | 30.91B | 29.22B | 18.66B |
| Gross Profit | 3.31B | 3.02B | 3.82B | 3.45B | 3.55B | 1.96B |
| EBITDA | 843.78M | 479.45M | 1.67B | 1.38B | 1.80B | 675.36M |
| Net Income | 627.85M | 787.81M | 1.20B | 1.01B | 1.33B | 403.36M |
Balance Sheet | ||||||
| Total Assets | 20.02B | 20.54B | 19.77B | 16.87B | 15.96B | 14.20B |
| Cash, Cash Equivalents and Short-Term Investments | 4.58B | 4.73B | 4.38B | 4.50B | 4.46B | 4.58B |
| Total Debt | 8.15B | 8.15B | 7.91B | 6.61B | 6.63B | 5.86B |
| Total Liabilities | 9.97B | 9.65B | 9.59B | 7.90B | 8.01B | 7.36B |
| Stockholders Equity | 9.45B | 10.27B | 9.59B | 8.43B | 7.47B | 6.40B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -93.34M | -1.23B | -290.00M | -626.08M | 2.72B |
| Operating Cash Flow | 0.00 | -70.73M | -1.21B | -275.00M | -608.65M | 2.75B |
| Investing Cash Flow | 0.00 | 387.05M | -25.63M | 449.62M | -24.68M | -437.46M |
| Financing Cash Flow | 0.00 | 35.94M | 1.10B | -138.88M | 491.05M | -135.20M |
Apple International Co., Ltd. Technical Analysis
Positive
342.00
Price Trends
349.90
Positive
349.46
Positive
343.76
Positive
Market Momentum
9.97
Negative
60.11
Neutral
65.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2788, the sentiment is Positive. The current price of 342 is below the 20-day moving average (MA) of 355.30, below the 50-day MA of 349.90, and below the 200-day MA of 343.76, indicating a bullish trend. The MACD of 9.97 indicates Negative momentum. The RSI at 60.11 is Neutral, neither overbought nor oversold. The STOCH value of 65.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2788.
Apple International Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥811.01B | 19.74 | 19.13% | 2.64% | 9.45% | 12.93% | |
71 Outperform | ¥9.20B | 7.25 | ― | 1.59% | 1.98% | -0.51% | |
64 Neutral | ¥135.95B | 11.41 | ― | 2.82% | 13.31% | -11.40% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | ¥5.27B | 4.50 | ― | 4.45% | 10.15% | 26.37% | |
53 Neutral | ¥274.97B | 17.73 | ― | 1.24% | 19.04% | 108.13% | |
49 Neutral | ¥3.43B | 21.74 | ― | 1.08% | -0.94% | ― |
* Consumer Cyclical Sector Average
JP:2788
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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.