MACNICA HOLDINGS INC. (JP:3132)
:3132
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MACNICA HOLDINGS INC.
(3132)
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Rating:64Neutral
Price Target:
¥2,962.00
▲(18.96% Upside)
Action:ReiteratedDate:02/04/26
The score is driven primarily by weakened profitability and returns despite continued revenue growth and positive free cash flow. Technicals are supportive with the stock trading above major moving averages and a positive MACD, while valuation is moderate with a ~20.9 P/E and a ~2.85% dividend yield.
Positive Factors
Consistent revenue growth
Sustained top-line growth (~4.6% TTM) indicates ongoing demand for distribution and solutions. Over months this supports scale benefits, strengthens supplier/customer relationships, and underpins the firm's ability to expand value‑added services that generate higher long-term margins.
Negative Factors
Weakened profitability and returns
Material margin and ROE erosion (net margin ~1.8%, ROE ~8% TTM) reduces capital productivity and long-term reinvestment capacity. If pricing, mix, or cost pressures persist, the company may struggle to restore historic return levels and fund growth without strategic change.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained top-line growth (~4.6% TTM) indicates ongoing demand for distribution and solutions. Over months this supports scale benefits, strengthens supplier/customer relationships, and underpins the firm's ability to expand value‑added services that generate higher long-term margins.
Read all positive factors
MACNICA HOLDINGS INC. (3132) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥428.71B
Dividend Yield2.87%
Average Volume (3M)472.63K
Price to Earnings (P/E)14.6
Beta (1Y)1.18
Revenue Growth8.99%
EPS Growth-43.21%
CountryJP
Employees4,768
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)N/A
Shares Outstanding179,072,140
10 Day Avg. Volume526,880
30 Day Avg. Volume472,633
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)1.37
Price to Sales (P/S)0.33
P/FCF Ratio15.31
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
MACNICA HOLDINGS INC. Business Overview & Revenue Model
Company Description
Macnica Fuji Electronics Holdings, Inc., through its subsidiaries, engages in the import, export, and distribution of electronic components in Japan and internationally. It offers semiconductor devices and ICs. The company was founded in 2015 and ...
How the Company Makes Money
MACNICA HOLDINGS INC. generates revenue primarily through the distribution of semiconductors and electronic components, which involves selling products from various manufacturers to a broad customer base. The company also earns income from its sof...
MACNICA HOLDINGS INC. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.14T | 1.03T | 1.03T | 1.03T | 761.82B | 553.96B |
| Gross Profit | 123.61B | 121.25B | 129.62B | 125.90B | 90.72B | 64.84B |
| EBITDA | 36.74B | 43.29B | 71.77B | 64.14B | 40.77B | 18.70B |
| Net Income | 20.99B | 25.28B | 48.07B | 41.03B | 25.80B | 10.88B |
Balance Sheet | ||||||
| Total Assets | 652.00B | 556.44B | 552.24B | 517.62B | 362.58B | 269.59B |
| Cash, Cash Equivalents and Short-Term Investments | 48.04B | 48.53B | 38.71B | 37.57B | 25.17B | 25.44B |
| Total Debt | 73.25B | 75.92B | 64.86B | 55.32B | 59.16B | 32.05B |
| Total Liabilities | 373.24B | 294.96B | 295.82B | 309.86B | 182.82B | 123.58B |
| Stockholders Equity | 268.60B | 252.41B | 244.31B | 199.79B | 170.13B | 142.18B |
Cash Flow | ||||||
| Free Cash Flow | 23.36B | 22.57B | 38.58B | 37.90B | -16.47B | 37.32B |
| Operating Cash Flow | 25.30B | 24.23B | 39.95B | 38.90B | -15.53B | 38.08B |
| Investing Cash Flow | -175.00M | -7.96B | -18.46B | -869.00M | -1.65B | -2.18B |
| Financing Cash Flow | -23.05B | -5.84B | -23.01B | -27.10B | 14.37B | -26.19B |
MACNICA HOLDINGS INC. Technical Analysis
Negative
2490.00
Price Trends
2538.65
Negative
2456.16
Negative
2227.84
Positive
Market Momentum
-68.49
Positive
41.76
Neutral
40.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3132, the sentiment is Negative. The current price of 2490 is above the 20-day moving average (MA) of 2448.85, below the 50-day MA of 2538.65, and above the 200-day MA of 2227.84, indicating a neutral trend. The MACD of -68.49 indicates Positive momentum. The RSI at 41.76 is Neutral, neither overbought nor oversold. The STOCH value of 40.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3132.
MACNICA HOLDINGS INC. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥60.34B | 10.45 | ― | 2.87% | 10.24% | 61.61% | |
76 Outperform | ¥302.36B | 15.35 | 5.77% | 3.28% | 11.15% | -19.39% | |
70 Outperform | ¥70.90B | 15.74 | 5.37% | 3.41% | -12.80% | 4.26% | |
66 Neutral | ¥88.69B | 8.78 | ― | 2.41% | 16.05% | 3.58% | |
64 Neutral | ¥428.71B | 14.59 | ― | 2.87% | 8.99% | -43.21% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | ¥109.10B | 43.14 | ― | 2.45% | 4.60% | -21.64% |
* Technology Sector Average
JP:3132
MACNICA HOLDINGS INC.
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MACNICA HOLDINGS INC. Corporate Events
Macnica Lifts Sales Outlook on AI and Security Demand but Trims Profit Forecasts
Feb 2, 2026
Macnica Holdings revised its consolidated full-year forecast for the fiscal year ending March 31, 2026, raising projected net sales from ¥1.05 trillion to ¥1.2 trillion on the back of robust demand for AI servers in Japan and overseas, n...
Macnica Posts Higher Sales but Weaker Profits as Semiconductor Margins Tighten, Cybersecurity Gains
Feb 2, 2026
MACNICA HOLDINGS reported consolidated results for the third quarter of the fiscal year ending March 31, 2026, showing solid top-line growth but pressure on margins, particularly in its core semiconductor operations. Consolidated net sales for the...
Macnica Lifts Sales Outlook on AI Chip Demand but Trims Profit Forecast
Feb 2, 2026
For the third quarter of fiscal 2025, Macnica Holdings reported consolidated revenue growth led by its Semiconductor Business, which benefitted from strong AI-related demand and newly acquired overseas business, although segment profits were press...
Macnica Holdings Lifts Sales but Profit Slips; Full-Year Outlook Revised with Stable Dividend Plan
Feb 2, 2026
Macnica Holdings reported consolidated net sales of ¥888.2 billion for the nine months ended December 31, 2025, up 13.6% year on year, but operating income fell 14.9% to ¥28.3 billion and net income attributable to owners of the parent d...
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.