RS Technologies Co. Ltd. (JP:3445)
:3445
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RS Technologies Co. Ltd.
(3445)
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Rating:69Neutral
Price Target:
¥4,468.00
▲(18.51% Upside)
Action:DowngradedDate:02/18/26
The score is primarily driven by solid fundamental performance (strong growth and sustained profitability) balanced against rising leverage, margin pressure, and uneven free-cash-flow quality. Valuation is supportive with a modest P/E, while technicals are the main drag due to the stock trading below key short-to-medium moving averages.
Positive Factors
Strong Revenue Growth
Sustained, multi-year top-line growth (29.6% reported) and re-acceleration in 2025 signal durable demand for RS Technologies' products. This supports scaling advantages, increases reinvestment capacity for R&D/capex, and strengthens competitive positioning over the next several quarters.
Negative Factors
Rising Leverage
A meaningful step-up in debt and higher leverage in 2025 reduces financial flexibility and raises interest and refinancing risk. For a capital-intensive semiconductor-related business, elevated leverage constrains room for opportunistic investments and makes results more sensitive to macro shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained, multi-year top-line growth (29.6% reported) and re-acceleration in 2025 signal durable demand for RS Technologies' products. This supports scaling advantages, increases reinvestment capacity for R&D/capex, and strengthens competitive positioning over the next several quarters.
Read all positive factors
RS Technologies Co. Ltd. (3445) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥108.38B
Dividend Yield0.93%
Average Volume (3M)105.23K
Price to Earnings (P/E)9.5
Beta (1Y)1.20
Revenue Growth28.52%
EPS Growth43.16%
CountryJP
Employees2,614
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)99.18
Shares Outstanding26,565,102
10 Day Avg. Volume101,400
30 Day Avg. Volume105,226
Financial Highlights & Ratios
PEG Ratio-5.61
Price to Book (P/B)1.24
Price to Sales (P/S)1.30
P/FCF Ratio13.43
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)405.45
Revenue Forecast (FY)¥86.00B
RS Technologies Co. Ltd. Business Overview & Revenue Model
Company Description
RS Technologies Co., Ltd. provides silicon wafer reclaim services for the semiconductor industry worldwide. The company offers film coating service for provided and reclaimed wafers; supplies monitor/dummy/SiO2 wafers; operates a solar power plant...
How the Company Makes Money
null...
RS Technologies Co. Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.13B | 76.71B | 59.20B | 51.89B | 49.86B | 34.62B |
| Gross Profit | 21.85B | 23.59B | 19.39B | 17.31B | 18.33B | 11.76B |
| EBITDA | 18.89B | 19.83B | 17.31B | 15.78B | 16.56B | 9.94B |
| Net Income | 9.41B | 9.30B | 9.45B | 7.70B | 7.74B | 3.30B |
Balance Sheet | ||||||
| Total Assets | 173.18B | 205.22B | 182.47B | 141.09B | 127.99B | 79.36B |
| Cash, Cash Equivalents and Short-Term Investments | 76.25B | 96.77B | 85.22B | 70.76B | 67.94B | 27.77B |
| Total Debt | 10.12B | 23.44B | 12.28B | 6.66B | 9.37B | 9.41B |
| Total Liabilities | 40.74B | 51.89B | 46.93B | 25.66B | 26.52B | 24.41B |
| Stockholders Equity | 69.10B | 80.22B | 68.56B | 56.26B | 47.12B | 28.81B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.43B | 4.24B | 8.53B | 10.00B | 337.57M |
| Operating Cash Flow | 0.00 | 14.84B | 13.14B | 13.86B | 15.32B | 9.34B |
| Investing Cash Flow | 0.00 | -13.48B | -6.61B | -8.92B | 31.69B | -13.02B |
| Financing Cash Flow | 0.00 | 8.56B | 1.94B | -4.84B | -491.96M | 5.48B |
RS Technologies Co. Ltd. Technical Analysis
Positive
3770.00
Price Trends
3900.90
Positive
3806.01
Positive
3602.06
Positive
Market Momentum
-27.48
Negative
56.59
Neutral
81.65
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3445, the sentiment is Positive. The current price of 3770 is below the 20-day moving average (MA) of 3870.50, below the 50-day MA of 3900.90, and above the 200-day MA of 3602.06, indicating a bullish trend. The MACD of -27.48 indicates Negative momentum. The RSI at 56.59 is Neutral, neither overbought nor oversold. The STOCH value of 81.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3445.
RS Technologies Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥74.62B | 15.26 | 12.96% | 1.36% | 18.44% | 26.68% | |
76 Outperform | ¥322.12B | 15.35 | 5.77% | 3.28% | 11.15% | -19.39% | |
71 Outperform | ¥468.23B | 22.63 | ― | 1.02% | 29.60% | 24.39% | |
69 Neutral | ¥108.38B | 9.50 | ― | 0.93% | 28.52% | 43.16% | |
69 Neutral | ¥575.52B | 13.81 | ― | 0.79% | 15.38% | -26.84% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | ¥121.89B | -7.98 | ― | 2.45% | 4.60% | -21.64% |
* Technology Sector Average
JP:3445
RS Technologies Co. Ltd.
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RS Technologies Co. Ltd. Corporate Events
RS Technologies to Build New Single-Crystal Silicon Plant in Inner Mongolia
Mar 19, 2026
RS Technologies’ Chinese subsidiary GRINM Semiconductor Material Co., Ltd. will establish a wholly owned unit, Guojing Semiconductor Materials (Baotou) Co., Ltd., in Inner Mongolia in April 2026. The new company, capitalized at RMB 400 milli...
RS Technologies Proposes Board Changes Ahead of March 2026 Shareholders Meeting
Feb 18, 2026
RS Technologies Co., Ltd. has announced a slate of director candidates to be submitted for approval at its 16th Annual General Meeting of Shareholders scheduled for March 27, 2026. The proposal includes the reappointment of President and CEO Nagay...
RS Technologies Publishes FY2025 Financial Results Briefing Transcript
Feb 16, 2026
RS Technologies Co., Ltd. has published the transcript of its financial results briefing for the fiscal year ended December 2025, held on February 13, 2026, and presented by CEO Nagayoshi Ho and other senior executives. The company is encouraging ...
RS Technologies Completes Partial Share Sale in Chinese Subsidiary GRITEK
Feb 13, 2026
RS Technologies has completed the previously announced partial sale of shares in its Chinese consolidated subsidiary GRINM Semiconductor Materials Co., Ltd. (GRITEK), disposing of 12.5 million shares on February 12, 2026, for approximately JPY 3.4...
RS Technologies Raises Year-End Dividend, Signals Confidence in Growth
Feb 13, 2026
RS Technologies has approved a higher year-end dividend of 45 yen per share for the fiscal year ending December 31, 2025, up from 35 yen a year earlier, with total payouts rising to 1,195 million yen and an effective payment date of March 10, 2026...
RS Technologies Lifts Dividend as Sales Climb and Balance Sheet Strengthens
Feb 13, 2026
RS Technologies Co., Ltd., listed on the Tokyo Stock Exchange, reported solid top-line growth in the fiscal year ended December 31, 2025, with net sales rising 29.6% to ¥76.7 billion and operating profit increasing 8.9% to ¥14.3 billion,...
RS Technologies Unveils FY2025 Financials and Medium-Term Plan
Feb 13, 2026
RS Technologies Co. Ltd. has released materials related to its financial results for the fiscal year ending December 2025 and outlined a new medium-term management plan covering 2026 to 2028. The disclosure signals that the company is presenting a...
RS Technologies Wins METI-Backed Role in Japan’s Grid Storage Expansion
Feb 10, 2026
RS Technologies has been chosen as a supplier of vanadium redox flow batteries, manufactured by Sumitomo Electric Industries, for a Ministry of Economy, Trade and Industry subsidy program supporting the rollout of renewable energy and grid storage...
RS Technologies to Monetize Part of Chinese Wafer Unit Stake While Retaining Control
Feb 10, 2026
RS Technologies will sell 12.5 million shares, or about 1% of outstanding stock, in its Chinese consolidated subsidiary GRINM Semiconductor Materials (GRITEK) between February 11 and May 8, 2026, for an estimated ¥3.49 billion, while retainin...
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.