Shibaura Machine Co., Ltd. (6104) AI Stock Analysis

• Market Cap: ¥83.95B
• Dividend Yield: 3.23%
• Average Volume (3M): 79.74K
• Price to Earnings (P/E): 136.9
• Beta (1Y): 0.88
• Revenue Growth: -10.00%
• EPS Growth: -51.92%
• Country: JP
• Employees: 3,057
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 7.81
• Shares Outstanding: 24,820,406
• 10 Day Avg. Volume: 60,410
• 30 Day Avg. Volume: 79,736
• PEG Ratio: -0.24
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.51
• P/FCF Ratio: 15.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 131.1
• Revenue Forecast (FY): ¥127.50B

• Rating: 81 Outperform
• Price Target: ¥4,408.00 ▲(2.87% Upside)
• Action: Upgraded Date: 08/26/25
• Date: Action: Upgraded 08/26/25

Shibaura Machine Co., Ltd. scores well due to its strong financial performance and technical indicators. The stock shows bullish momentum and appears undervalued with a low P/E ratio and attractive dividend yield. The absence of recent earnings call data and corporate events does not detract from the overall positive outlook.

Positive Factors

Diversified product & service mix

A broad portfolio across injection molding, die-casting, extruders, industrial robots and services creates multiple revenue streams and cross-sell opportunities. This durable diversification reduces dependence on any single product cycle and supports recurring aftermarket revenues from an installed base.

Robust balance sheet

A strong equity position and favorable debt metrics provide financial flexibility to weather cyclical downturns, invest in R&D or capex, and support aftermarket operations. This balance-sheet strength underpins long-term stability and lowers refinancing and solvency risk.

Consistent free cash flow generation

Ongoing free cash flow generation supports reinvestment, service network expansion, and dividend or debt service capacity. Even with a modest 2025 decline, persistent positive operating cash flow indicates underlying cash conversion resilience in the core machinery business.

Negative Factors

Recent sharp revenue and EPS declines

Material declines in reported revenue and EPS reflect meaningful near-term deterioration in demand or margins. If sustained, these trends can compress reinvestment capacity, strain margins, and require structural adjustments to cost or product mix to restore longer-term growth trajectories.

Decline in net income and asset base

Falling net income and the reported reduction in total assets point to weakening operational scale or lower capital deployment. Persistent declines harm margin sustainability, reduce retained earnings for R&D or capex, and could limit the firm's ability to compete on integrated system sales.

Exposure to cyclical capex end markets

Heavy reliance on customers' capex cycles (automotive, electronics, packaging) makes revenue inherently cyclical. Structural downturns or prolonged capex pauses can materially depress order intake and aftermarket activity, increasing revenue volatility and requiring conservative long-term planning.

Shibaura Machine Co., Ltd. Business Overview & Revenue Model

Company Description

Shibaura Machine Co., Ltd. engages in the manufacture and sale of various machines in Japan and internationally. Its principal products include injection molding machines, die-casting machines, plastic extrusion machines, nano processing systems, machine tools, FA controllers, servo motors, industrial robots, IOT+m, and additive manufacturing systems. The company also provides machine tools that include double column type machining centers, bridge type machines, boring machines, horizontal machining centers, vertical boring and turning mills, and roll grinding machines. The company was formerly known as Toshiba Machine Co., Ltd. and changed its name to Shibaura Machine Co., Ltd. in April 2020. Shibaura Machine Co., Ltd. was founded in 1875 and is headquartered in Tokyo, Japan.

How the Company Makes Money

The company makes money primarily by selling industrial machinery and systems to manufacturers, with revenue recognized from (1) equipment sales and (2) aftermarket/services tied to the installed base. Key revenue streams include: (a) Injection molding machines and plastics-processing systems: income from the sale of injection molding machines and related plastics-processing equipment (e.g., extruders and peripheral/ancillary equipment) used by customers producing plastic parts and products. (b) Die-casting machines: revenue from machines used to produce metal components (commonly for automotive and industrial applications), including related equipment and delivery/installation work. (c) Automation/robots and integrated systems: revenue from industrial robots and factory-automation solutions, including system integration where the company supplies a combination of robots, controls, software, and production-cell engineering. (d) Machine tools/precision & industrial equipment: revenue from machine tools and other industrial/precision machinery supplied to manufacturing customers. In addition to initial equipment sales, the company generates recurring or repeat revenue from (e) spare parts, maintenance, repair, retrofits, inspections, and other customer support services, and (f) engineering services such as installation, commissioning, and process optimization for delivered equipment and production lines. Earnings are influenced by capital-expenditure cycles in end markets (e.g., automotive, electronics, packaging, general industrial), the mix of standard machines versus higher-value integrated/engineered systems, utilization of service capabilities across its installed base, and geographic sales through direct sales and service networks. Specific partnership arrangements: null.

Shibaura Machine Co., Ltd. Financial Statement Overview

Summary

Shibaura Machine Co., Ltd. demonstrates strong financial health with consistent revenue growth, solid profit margins, and a stable balance sheet. While there are some short-term declines in net income and cash flow, the company's overall financial position remains strong and well-managed.

Income Statement

The income statement shows strong revenue growth over the years. The gross profit margin is stable, indicating good cost management. However, there is a noticeable decline in net income from 2024 to 2025, leading to a lower net profit margin. EBIT and EBITDA margins remain healthy, suggesting operational efficiency.

Balance Sheet

The balance sheet is robust with a strong equity position and a favorable debt-to-equity ratio. The company has been successful in increasing its stockholders' equity over the years, and the equity ratio is solid, indicating financial stability. However, the total assets have decreased from 2024 to 2025.

Cash Flow

Cash flow analysis reveals a consistent generation of free cash flow with a slight decline in 2025. The operating cash flow is positive, although there is a decrease from 2024 to 2025. The free cash flow to net income ratio suggests efficient cash utilization relative to earnings.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	156.79B	168.19B	160.65B	123.20B	107.78B	92.64B
Gross Profit	49.03B	53.91B	50.89B	38.94B	32.70B	24.98B
EBITDA	13.96B	16.88B	16.06B	7.93B	6.19B	2.14B
Net Income	10.54B	12.60B	17.92B	6.44B	3.73B	-2.90B
Balance Sheet
Total Assets	190.41B	199.61B	253.17B	205.10B	166.99B	134.30B
Cash, Cash Equivalents and Short-Term Investments	57.79B	54.39B	51.67B	50.85B	51.71B	42.42B
Total Debt	10.58B	10.88B	11.80B	14.39B	14.45B	14.51B
Total Liabilities	74.58B	82.43B	141.46B	115.98B	83.47B	52.14B
Stockholders Equity	115.82B	117.17B	111.70B	89.12B	83.52B	82.15B
Cash Flow
Free Cash Flow	0.00	5.62B	6.20B	-1.35B	10.05B	-1.35B
Operating Cash Flow	0.00	8.33B	9.31B	934.00M	11.30B	192.00M
Investing Cash Flow	0.00	910.00M	-3.81B	-563.00M	-1.26B	-1.54B
Financing Cash Flow	0.00	-6.53B	-6.70B	-2.28B	-2.11B	-4.96B

Shibaura Machine Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4285.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6104, the sentiment is Negative. The current price of 4285 is above the 20-day moving average (MA) of 4149.75, above the 50-day MA of 4249.00, and above the 200-day MA of 4027.12, indicating a bearish trend. The MACD of -148.78 indicates Positive momentum. The RSI at 36.72 is Neutral, neither overbought nor oversold. The STOCH value of 24.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6104.

Shibaura Machine Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6104	81 Outperform	¥83.95B	136.93	5.02%	3.23%	-10.00%	-51.92%
6284	78 Outperform	¥122.05B	12.40	―	3.24%	18.70%	33.93%
6258	74 Outperform	¥80.08B	14.21	9.39%	1.68%	9.27%	69.52%
6118	74 Outperform	¥60.50B	24.26	―	2.54%	2.00%	39.80%
6143	69 Neutral	¥69.40B	10.78	7.00%	3.02%	15.78%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6293	46 Neutral	¥16.77B	-8.05	―	4.21%	2.79%	-281.15%

Shibaura Machine Co., Ltd. Corporate Events

Shibaura Machine Posts Sharp Profit Decline but Maintains Dividend and Forecasts Recovery

Shibaura Machine reported a sharp downturn in performance for the nine months ended December 31, 2025, with net sales plunging 30.3% year-on-year to ¥92.7 billion and operating profit dropping 85.7% to ¥1.9 billion; profit attributable to owners of the parent fell 84.2% to ¥1.9 billion, reflecting a substantial deterioration from the previous year’s strong results. Despite weaker earnings, the company’s financial position remains relatively solid, with total assets of ¥183.7 billion and an equity-to-asset ratio improved to 65.4%, and it is maintaining a robust shareholder-return stance by keeping its annual dividend forecast unchanged at ¥140 per share for the fiscal year ending March 31, 2026, while also forecasting a recovery in profitability in the full year with net sales of ¥140 billion and profit attributable to owners of the parent of ¥3.3 billion.

The most recent analyst rating on (JP:6104) stock is a Buy with a Yen4884.00 price target. To see the full list of analyst forecasts on Shibaura Machine Co., Ltd. stock, see the JP:6104 Stock Forecast page.