MACNICA HOLDINGS INC. (JP:3132)
:3132
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MACNICA HOLDINGS INC.
(3132)
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Rating:71Outperform
Price Target:
¥3,392.00
▲(36.22% Upside)
Action:Upgraded
Date:05/12/26
The score is driven primarily by solid overall financial quality (moderate leverage and growing equity) but held back by cyclicality and uneven cash flow. Technicals are bullish with strong momentum, though indicators are stretched, while valuation is reasonably attractive with a mid-teens P/E and a ~2.3% dividend yield.
Positive Factors
Conservative balance sheet & moderate leverage
Moderate leverage and steadily rising equity provide durable financial flexibility to fund working capital, support investment or M&A, and weather semiconductor cycles. A conservative capital structure lowers refinancing risk and enables long-term planning and resilience during industry downturns.
Negative Factors
Volatile profitability
Significant swings in net income reveal margin sensitivity to semiconductor pricing, allocation and product mix. Persistent earnings volatility undermines predictability for capital allocation, dividend coverage, and long-term return forecasts, complicating strategic investments and stakeholder planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet & moderate leverage
Moderate leverage and steadily rising equity provide durable financial flexibility to fund working capital, support investment or M&A, and weather semiconductor cycles. A conservative capital structure lowers refinancing risk and enables long-term planning and resilience during industry downturns.
Read all positive factors
MACNICA HOLDINGS INC. (3132) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥544.93B
Dividend Yield2.87%
Average Volume (3M)472.63K
Price to Earnings (P/E)14.9
Beta (1Y)1.16
Revenue Growth17.41%
EPS Growth10.46%
CountryJP
Employees4,768
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)155.52
Shares Outstanding179,072,140
10 Day Avg. Volume526,880
30 Day Avg. Volume472,633
Financial Highlights & Ratios
PEG Ratio1.43
Price to Book (P/B)1.48
Price to Sales (P/S)0.34
P/FCF Ratio23.76
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)197.63
Revenue Forecast (FY)¥1.32T
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
The company primarily makes money through its operating subsidiaries by earning gross profit on the distribution (resale) of semiconductors, electronic components, and related products, typically purchasing from upstream manufacturers and selling ...
MACNICA HOLDINGS INC. Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.21T | 1.03T | 1.03T | 1.03T | 761.82B |
| Gross Profit | 130.44B | 121.25B | 129.62B | 125.90B | 90.72B |
| EBITDA | 46.53B | 43.29B | 71.77B | 64.14B | 40.77B |
| Net Income | 27.77B | 25.28B | 48.07B | 41.03B | 25.80B |
Balance Sheet | |||||
| Total Assets | 700.89B | 556.44B | 552.24B | 517.62B | 362.58B |
| Cash, Cash Equivalents and Short-Term Investments | 54.39B | 48.53B | 38.71B | 37.57B | 25.17B |
| Total Debt | 77.49B | 75.92B | 64.86B | 55.32B | 59.16B |
| Total Liabilities | 411.77B | 294.96B | 295.82B | 309.86B | 182.82B |
| Stockholders Equity | 278.93B | 252.41B | 244.31B | 199.79B | 170.13B |
Cash Flow | |||||
| Free Cash Flow | 17.36B | 22.57B | 38.58B | 37.90B | -16.47B |
| Operating Cash Flow | 18.77B | 24.23B | 39.95B | 38.90B | -15.53B |
| Investing Cash Flow | -1.31B | -7.96B | -18.46B | -869.00M | -1.65B |
| Financing Cash Flow | -15.16B | -5.84B | -23.01B | -27.10B | 14.37B |
MACNICA HOLDINGS INC. Technical Analysis
Positive
2490.00
Price Trends
2503.03
Positive
2512.66
Positive
2305.64
Positive
Market Momentum
232.32
Negative
75.46
Negative
87.28
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3132, the sentiment is Positive. The current price of 2490 is below the 20-day moving average (MA) of 2762.35, below the 50-day MA of 2503.03, and above the 200-day MA of 2305.64, indicating a bullish trend. The MACD of 232.32 indicates Negative momentum. The RSI at 75.46 is Negative, neither overbought nor oversold. The STOCH value of 87.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥74.02B | 8.02 | ― | 2.87% | 50.78% | 26.58% | |
73 Outperform | ¥72.34B | 9.45 | 5.37% | 3.41% | -1.40% | 13.91% | |
71 Outperform | ¥544.93B | 14.85 | ― | 2.87% | 17.41% | 10.46% | |
62 Neutral | ¥95.90B | 7.40 | ― | 2.41% | 50.28% | 79.25% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥443.11B | 19.76 | 5.77% | 3.28% | 5.30% | -4.93% | |
50 Neutral | ¥128.47B | -7.98 | ― | 2.45% | 1.60% | -74.21% |
* Technology Sector Average
JP:3132
MACNICA HOLDINGS INC.
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MACNICA HOLDINGS INC. Corporate Events
MACNICA HOLDINGS Lifts Sales and Earnings, Strengthens Balance Sheet
May 11, 2026
MACNICA HOLDINGS reported consolidated net sales of ¥1,214.2 billion for the year ended March 31, 2025, up 17.4% year on year, with gross profit and operating income also increasing despite a margin squeeze. Net income attributable to owners ...
Macnica Restructures Segments to Clarify Semiconductor, Cybersecurity and CPS Strategy
May 11, 2026
Macnica Holdings has restructured its business segment classifications for its FY2025 financial presentation, redefining its ICs, Electronic Devices and Other Business as the Semiconductor Business and renaming the Network Business as the Cybersec...
Macnica Holdings Lifts Sales and Profit, Projects Further Growth in FY2027
May 11, 2026
Macnica Holdings reported consolidated net sales of ¥1.21 trillion for the fiscal year ended March 31, 2026, up 17.4% year on year, with operating income rising 5.8% to ¥41.95 billion and net income attributable to owners of the parent i...
Macnica Details AI, Memory, and Cybersecurity Outlook in Q3 Investor Q&A
Apr 13, 2026
Macnica Holdings has addressed key investor questions for the third quarter of fiscal 2025, explaining that revenue exceeded guidance on strong AI server and data center-related semiconductor demand and new overseas channels, while operating profi...
Macnica Holdings Confirms Board Reappointments and Governance Continuity
Mar 30, 2026
Macnica Holdings, Inc. has announced changes to its board structure, resolving at its March 30, 2026 board meeting to nominate eight director candidates, excluding Audit and Supervisory Committee members, for approval at the 11th Annual General Me...
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.