Tazmo Co., Ltd. (6266) AI Stock Analysis

• Market Cap: ¥37.11B
• Dividend Yield: 1.63%
• Average Volume (3M): 279.61K
• Price to Earnings (P/E): 10.5
• Beta (1Y): 1.50
• Revenue Growth: 12.91%
• EPS Growth: 11.46%
• Country: JP
• Employees: 1,163
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 25.36
• Shares Outstanding: 14,842,354
• 10 Day Avg. Volume: 231,130
• 30 Day Avg. Volume: 279,610
• PEG Ratio: -0.54
• Price to Book (P/B): 1.13
• Price to Sales (P/S): 0.84
• P/FCF Ratio: 3.77
• 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): 206.35
• Revenue Forecast (FY): ¥34.60B

• Rating: 69 Neutral
• Price Target: ¥2,661.00 ▲(28.55% Upside)
• Action: Downgraded Date: 02/18/26
• Date: Action: Downgraded 02/18/26

The score is driven mainly by solid financial performance (healthy margins, improving leverage, and strong recent cash generation). Technicals are mixed with weaker short-term trend but supportive longer-term moving averages, while valuation is reasonable at ~11.4x earnings with a modest dividend.

Positive Factors

Improving leverage

A materially lower debt-to-equity (~0.30) and rising equity improve financial resilience and optionality. This durable capital-structure improvement supports borrowing capacity, cushions downturns, and enables strategic investment or shareholder returns without pressuring liquidity.

Healthy profit margins

Sustained gross (~30%) and net (~10%) margins indicate structural pricing power or efficient cost control in its hardware/parts business. Strong margins underpin long-term cash generation potential and provide room to absorb input cost swings without destroying core profitability.

Strong recent cash generation

Robust operating and free cash flow, with FCF about 85% of net income, creates durable internal funding for capex, debt repayment, and dividends. Consistent FCF reduces dependence on external financing and supports strategic execution over the medium term.

Negative Factors

Revenue decline and margin compression

A falling top line alongside compressed gross and net margins suggests weakening demand, pricing pressure, or adverse mix shifts. If persistent, this undermines sustainable earnings growth and may force structural cost responses that can impair long-term competitiveness.

Historical cash-flow volatility

Meaningful swings in operating cash flow, including prior negative OCF, reduce predictability of funding for investment and payouts. This structural volatility raises working-capital and refinancing risk during downturns and complicates multi-year planning.

Reduced asset base / cautious posture

A decline in total assets alongside lower debt can reflect a deliberate pullback in investment. While conservative, sustained reductions in asset base risk constraining capacity, innovation, or market-share gains, limiting medium-term growth prospects if not reversed.

Tazmo Co., Ltd. Business Overview & Revenue Model

Company Description

Tazmo Co., Ltd. manufactures and sells semiconductor manufacturing equipment in Japan and internationally. It also provides clean transfer systems, LCD manufacturing equipment, precision molding dies and plastic moldings, and UV irradiation systems, as well as machines and robots for semiconductor equipment. The company was founded in 1972 and is headquartered in Okayama, Japan.

How the Company Makes Money

Tazmo Co., Ltd. generates revenue through multiple streams, primarily by selling its electronic components and systems to manufacturers in the telecommunications and consumer electronics sectors. The company employs a business-to-business (B2B) model, where it establishes long-term contracts with major industry players, ensuring a steady income flow. Additionally, Tazmo invests in research and development to create cutting-edge products that meet the evolving needs of its customers, which helps maintain a competitive edge and justify premium pricing. Strategic partnerships with technology firms and participation in industry collaborations also contribute to its revenue, enabling Tazmo to tap into new markets and enhance its product offerings.

Tazmo Co., Ltd. Financial Statement Overview

Summary

Fundamentals are solid: profitability remains healthy (gross margin ~30%, net margin ~10% in 2025), leverage is conservative and improving (debt-to-equity ~0.30), and operating/free cash flow rebounded strongly in 2025. Offsetting this, 2025 showed revenue decline and margin compression versus 2024, and cash flow has been volatile historically.

Income Statement

Profitability remains solid, with gross margin holding around ~30% and net margin near ~10% in 2025, supporting healthy operating earnings. That said, 2025 showed a modest revenue decline and clear margin compression versus 2024 (lower gross, operating, and net margins), suggesting some near-term pressure on pricing, mix, or costs despite still-strong absolute earnings.

Balance Sheet

Leverage looks conservative and improving, with debt-to-equity falling to ~0.30 in 2025 from a higher level in 2023, and equity increasing year over year—both supportive of balance-sheet resilience. A watch item is that total assets and total debt both moved down in 2025 versus 2024, which could reflect a more cautious posture (or reduced investment base), though overall capitalization remains strong.

Cash Flow

Cash generation is a strength recently: 2025 operating cash flow and free cash flow were robust and comfortably positive, following weak/negative cash flow in 2022–2023. Free cash flow remains well-supported relative to earnings (roughly ~85% of net income in 2025), but the historical volatility—including negative operating cash flow in prior years—keeps this from scoring higher and bears monitoring for working-capital swings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	36.41B	35.43B	35.87B	28.16B	24.36B	22.00B
Gross Profit	11.55B	10.76B	11.86B	8.56B	7.33B	5.93B
EBITDA	6.19B	5.74B	6.82B	4.37B	3.93B	2.84B
Net Income	3.83B	3.54B	4.25B	2.36B	2.26B	1.75B
Balance Sheet
Total Assets	48.55B	46.89B	49.20B	47.43B	39.40B	29.39B
Cash, Cash Equivalents and Short-Term Investments	13.00B	16.27B	10.34B	6.90B	5.14B	3.27B
Total Debt	9.28B	7.94B	8.82B	11.52B	7.94B	5.15B
Total Liabilities	23.93B	19.86B	24.56B	27.33B	21.85B	15.82B
Stockholders Equity	24.20B	26.54B	24.18B	19.77B	17.29B	13.36B
Cash Flow
Free Cash Flow	0.00	7.93B	6.29B	-1.62B	-2.44B	-169.07M
Operating Cash Flow	0.00	9.35B	7.51B	-350.12M	-1.51B	336.25M
Investing Cash Flow	0.00	-3.18B	-1.71B	-1.26B	-669.95M	-795.18M
Financing Cash Flow	0.00	-1.96B	-3.16B	3.21B	4.10B	523.32M

Tazmo Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2070.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6266, the sentiment is Positive. The current price of 2070 is below the 20-day moving average (MA) of 2601.05, below the 50-day MA of 2443.79, and below the 200-day MA of 2214.42, indicating a neutral trend. The MACD of 16.78 indicates Positive momentum. The RSI at 49.79 is Neutral, neither overbought nor oversold. The STOCH value of 75.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6266.

Tazmo Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6677	78 Outperform	¥36.50B	13.70	―	4.25%	13.45%	19.19%
6824	77 Outperform	¥60.08B	13.52	―	1.12%	14.84%	7.57%
6915	77 Outperform	¥30.96B	12.54	―	4.78%	-7.10%	6.38%
6800	74 Outperform	¥79.61B	38.22	―	2.20%	4.75%	164.54%
6817	70 Outperform	¥40.68B	11.44	―	4.53%	-2.57%	3.43%
6266	69 Neutral	¥37.11B	10.54	―	1.63%	12.91%	11.46%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Tazmo Co., Ltd. Corporate Events

Tazmo’s 2025 Profit Falls as Margin Pressure Mounts, Outlook Signals Further Earnings Decline

Tazmo reported fiscal 2025 consolidated net sales of ¥35.4 billion, down 1.2% year on year, with operating profit falling 19.4% to ¥4.77 billion and profit attributable to owners of parent declining 16.6% to ¥3.54 billion, reflecting margin pressure after a strong prior-year rebound. Despite weaker earnings, the company strengthened its balance sheet, lifting total equity and improving the equity ratio to 56.6%, while raising its year-end dividend to ¥34 per share and maintaining active shareholder returns.

Operating cash flow rose to ¥9.35 billion, enabling higher cash and cash equivalents of ¥13.95 billion even as Tazmo continued to invest and modestly reduce financing outflows. For fiscal 2026, management projects essentially flat sales at ¥35.5 billion but foresees a further drop in profitability, with operating profit expected to fall 24.5% and net profit 29.4%, signaling a cautious outlook amid softer demand and potentially more challenging conditions for stakeholders, including investors and suppliers.

The most recent analyst rating on (JP:6266) stock is a Buy with a Yen3388.00 price target. To see the full list of analyst forecasts on Tazmo Co., Ltd. stock, see the JP:6266 Stock Forecast page.

Tazmo Posts Lower 2025 Earnings and Flags Profit Decline for 2026

Tazmo Co., Ltd. reported fiscal 2025 consolidated net sales of ¥35.4 billion, down 1.2% year on year, with operating profit falling 19.4% to ¥4.8 billion and profit attributable to owners of parent down 16.6% to ¥3.5 billion. Despite weaker earnings, the company strengthened its financial position, raising its equity ratio to 56.6%, increasing year-end dividends to ¥34 per share, and boosting cash and cash equivalents to ¥13.9 billion.

Guidance for fiscal 2026 points to flat full-year sales of ¥35.5 billion but a further decline in profitability, with operating profit forecast to drop 24.5% and net profit 29.4%, translating to a sharp fall in earnings per share to ¥170.65. This outlook signals a more challenging operating environment ahead and suggests margin pressure, even as Tazmo maintains shareholder returns through stable dividends while prioritizing balance sheet resilience.

The most recent analyst rating on (JP:6266) stock is a Buy with a Yen3388.00 price target. To see the full list of analyst forecasts on Tazmo Co., Ltd. stock, see the JP:6266 Stock Forecast page.