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SMC (OR)
(6273)
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Rating:79Outperform
Price Target:
¥87,512.00
▲(23.31% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by strong financial strength and profitability (especially the very conservative balance sheet), supported by bullish technical positioning (price above key moving averages and positive MACD). The main constraints are uneven cash-flow conversion and a relatively full valuation (P/E ~24 with a modest ~1.31% dividend yield).
Positive Factors
Conservative Balance Sheet
Minimal leverage and steadily growing equity provide substantial financial resilience. This supports investment, customer confidence and flexibility through industrial cycles without relying heavily on external financing.
Negative Factors
Uneven Cash Conversion
Reported earnings do not consistently translate into cash because operating cash flow and free cash flow fluctuate materially. Working-capital and capital-spending volatility may constrain reinvestment visibility and reduce earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Minimal leverage and steadily growing equity provide substantial financial resilience. This supports investment, customer confidence and flexibility through industrial cycles without relying heavily on external financing.
Read all positive factors
SMC (OR) (6273) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.78T
Dividend Yield1.31%
Average Volume (3M)424.13K
Price to Earnings (P/E)24.1
Beta (1Y)1.39
Revenue Growth15.69%
EPS Growth42.34%
CountryJP
Employees24,773
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2640.03
Shares Outstanding63,869,358
10 Day Avg. Volume405,870
30 Day Avg. Volume424,133
Financial Highlights & Ratios
PEG Ratio2.84
Price to Book (P/B)1.79
Price to Sales (P/S)4.50
P/FCF Ratio104.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥86,900.00Price Target Upside22.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)3,151.91
Revenue Forecast (FY)¥1.03T
SMC (OR) Business Overview & Revenue Model
Company Description
SMC Corporation operates internationally, specializing in the development, manufacturing, and distribution of advanced automatic control systems, alongside a diverse selection of sintered and other filtration equipment. The company's expansive pro...
How the Company Makes Money
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SMC (OR) Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
96
Very Positive
Cash Flow
71
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 842.54B | 792.11B | 776.87B | 824.77B | 727.40B |
| Gross Profit | 381.45B | 363.04B | 363.08B | 421.16B | 363.85B |
| EBITDA | 282.34B | 245.45B | 286.09B | 334.65B | 293.59B |
| Net Income | 167.30B | 156.34B | 178.32B | 224.61B | 192.99B |
Balance Sheet | |||||
| Total Assets | 2.31T | 2.10T | 2.09T | 1.93T | 1.77T |
| Cash, Cash Equivalents and Short-Term Investments | 711.70B | 685.55B | 511.29B | 623.50B | 697.05B |
| Total Debt | 5.09B | 5.17B | 13.25B | 12.40B | 11.72B |
| Total Liabilities | 196.59B | 172.46B | 208.69B | 225.61B | 210.68B |
| Stockholders Equity | 2.12T | 1.93T | 1.88T | 1.70T | 1.56T |
Cash Flow | |||||
| Free Cash Flow | 36.22B | 89.92B | -4.14B | 29.44B | 78.50B |
| Operating Cash Flow | 188.92B | 196.66B | 98.21B | 101.62B | 156.09B |
| Investing Cash Flow | -107.51B | 35.23B | -131.90B | -87.09B | -116.22B |
| Financing Cash Flow | -94.12B | -100.20B | -87.93B | -113.30B | -88.93B |
SMC (OR) Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥4.78T | 24.09 | 8.31% | 1.39% | 15.69% | 42.34% | |
69 Neutral | ¥3.18T | 26.60 | 6.76% | 0.78% | 5.35% | 26.51% | |
68 Neutral | ¥834.85B | 20.64 | ― | 1.81% | 1.24% | -3.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ¥574.13B | 29.25 | 6.59% | 1.65% | -7.97% | 78.01% | |
58 Neutral | ¥831.98B | 20.76 | -22.79% | 3.14% | 1.98% | -48.28% | |
57 Neutral | ¥412.14B | 24.48 | ― | 2.50% | 11.01% | 29.70% |
* Industrials Sector Average
JP:6273
SMC (OR)
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SMC (OR) Corporate Events
SMC Advances Share Buyback Program on Tokyo Market
Jul 2, 2026
SMC Corporation is a Japan-based manufacturer listed on the Tokyo Stock Exchange Prime Market, specializing in industrial automation and pneumatic equipment for a global customer base. The company’s shares trade under security code 6273, and...
SMC Begins ¥50 Billion Share Buyback With Initial ¥6.2 Billion Tranche
Jun 1, 2026
SMC Corporation has disclosed the initial results of a share buyback authorized by its board in mid-May, repurchasing 93,400 common shares for approximately ¥6.18 billion between May 20 and May 29, 2026, via market purchases on the Tokyo Stoc...
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.