SiriusVision Co., Ltd. (6276) AI Stock Analysis

• Market Cap: ¥1.15B
• Dividend Yield: 2.93%
• Average Volume (3M): 1.14M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.16
• Revenue Growth: -20.33%
• EPS Growth: -1780.05%
• Country: JP
• Employees: 120
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -25.38
• Shares Outstanding: 5,722,500
• 10 Day Avg. Volume: 727,450
• 30 Day Avg. Volume: 1,141,946
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.72
• P/FCF Ratio: 49.68
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: ¥287.00 ▼(-10.59% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is held back primarily by deteriorating profitability and large recent losses (with equity erosion risk), despite low leverage and improved recent operating/free cash flow. Technicals are also weak with price below key moving averages and negative MACD. A relatively high dividend yield provides some support, but a negative P/E underscores the loss-making profile.

Positive Factors

Low leverage

SiriusVision's low reported debt (debt-to-equity ~0.16) gives the company financial flexibility to absorb operating shocks without heavy interest burden. Over the next 2–6 months this reduces default risk, preserves liquidity optionality and supports measured investment or restructuring.

Positive operating & free cash flow

The company produced positive operating and free cash flow in 2024–2025 despite net losses, indicating the core operations can generate cash. Durable cash generation supports working capital, dividend capacity or targeted capex, and eases short-term liquidity stress even if earnings stay volatile.

Stable gross margins

Consistently high gross margins (~49–52%) point to strong underlying product economics and pricing power or stable input costs. This structural margin strength means profitability can recover faster if operating expenses and one-time charges are controlled over the medium term.

Negative Factors

Earnings volatility and large losses

Repeated and deepening net losses, including a substantially larger 2025 loss and negative operating profit in 2024–2025, weaken earnings durability. Persistent losses limit reinvestment, force cost cutting or asset sales, and raise the risk of continued equity depletion over the 2–6 month horizon.

Equity erosion

Material decline in equity from 2023 to 2025 shrinks the capital buffer available to absorb further losses. Reduced shareholders' equity makes future financing more dilutive or costly and constrains strategic options like M&A or expanded capex in the medium term.

Revenue decline & volatility

Revenue volatility and a decline into 2025 (reported -10.8% growth) undermine scale and fixed-cost absorption, increasing margin pressure. Unstable top-line makes forecasting and investment planning difficult, raising the likelihood that operational leverage will continue to magnify earnings swings.

SiriusVision Co., Ltd. Business Overview & Revenue Model

Company Description

SiriusVision Co., Ltd. manufactures and sells machine vision systems, machine vision system software, and machine vision related products in Japan and internationally. It offers plate, container, substrate/article, seal label, card, and blank inspection systems, as well as inspection units. The company was formerly known as Navitas Co., Ltd. and changed its name to SiriusVision Co., Ltd. in January 2021. SiriusVision Co., Ltd. was founded in 1966 and is headquartered in Yokohama, Japan.

How the Company Makes Money

SiriusVision generates revenue through multiple streams, primarily by selling its proprietary imaging products and solutions to businesses and consumers. The company earns income from direct product sales, ongoing maintenance contracts, and software licensing. Additionally, SiriusVision engages in strategic partnerships with key industry players, which not only boost its distribution capabilities but also enhance its product offerings. These collaborations enable the company to tap into new markets and leverage shared technology, further contributing to its revenue growth. The increasing demand for high-quality imaging solutions in sectors such as security and automotive, driven by technological advancements and the rise of smart devices, also plays a significant role in enhancing SiriusVision's profitability.

SiriusVision Co., Ltd. Financial Statement Overview

Summary

Financial performance is pressured by highly unstable profitability and repeated recent losses, including a much larger net loss in 2025 and negative operating profit in 2024–2025. Balance sheet leverage remains relatively low, and cash flow improved with positive operating and free cash flow in 2024–2025, but equity erosion and weaker 2025 cash conversion increase risk.

Income Statement

Profitability has been inconsistent with repeated losses: net margin swung from positive in 2023 (about 4%) to a sizable loss in 2024 (about -7%) and a much larger loss in 2025 (about -35%), alongside negative operating profit in 2024–2025. Revenue has also been volatile—strong rebound in 2023, modest growth in 2024, then a decline in 2025—reducing confidence in earnings durability. A key positive is relatively steady gross margin around ~49–52% in 2023–2025, suggesting the core product economics remain intact, but operating cost/one-time pressures are overwhelming that gross profit.

Balance Sheet

Leverage looks manageable overall, with debt-to-equity remaining low even after rising in 2025 (still only ~0.16). However, the balance sheet has weakened: equity fell materially from 2023 to 2025, and total assets also trended down, consistent with ongoing losses/valuation pressure. The main strength is the relatively light debt load, but the key risk is continued equity erosion if losses persist.

Cash Flow

Cash generation has been mixed. Operating cash flow turned positive in 2024 and remained positive in 2025, and free cash flow was also positive in both years (though down sharply in 2025 versus 2024). That said, cash flow has been volatile over the full period, with deeply negative operating and free cash flow in 2021–2023, indicating sensitivity to working capital and/or investment cycles. A positive sign is that recent free cash flow remained positive despite net losses, but the weaker 2025 cash conversion versus 2024 is a watch item.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.01B	2.06B	2.31B	2.29B	1.73B	4.14B
Gross Profit	1.03B	1.01B	1.13B	1.19B	742.63M	1.73B
EBITDA	-575.34M	-66.95M	13.75M	208.63M	-245.90M	197.32M
Net Income	-744.96M	-731.21M	-162.61M	90.35M	-425.19M	7.18M
Balance Sheet
Total Assets	2.69B	2.58B	3.19B	3.36B	3.11B	3.96B
Cash, Cash Equivalents and Short-Term Investments	788.38M	1.09B	1.02B	1.08B	1.25B	1.84B
Total Debt	280.50M	278.73M	90.86M	1.59M	2.33M	206.13M
Total Liabilities	743.20M	791.44M	645.60M	611.99M	467.10M	883.57M
Stockholders Equity	1.85B	1.71B	2.47B	2.69B	2.60B	3.05B
Cash Flow
Free Cash Flow	0.00	30.00M	78.85M	-212.75M	-846.48M	-442.44M
Operating Cash Flow	0.00	36.47M	240.67M	-106.21M	-545.07M	-213.69M
Investing Cash Flow	0.00	-97.20M	-360.47M	-20.19M	185.85M	276.87M
Financing Cash Flow	0.00	130.41M	41.33M	-48.55M	-249.48M	256.42M

SiriusVision Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 321.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6276, the sentiment is Negative. The current price of 321 is above the 20-day moving average (MA) of 278.00, above the 50-day MA of 307.66, and above the 200-day MA of 299.10, indicating a bearish trend. The MACD of -10.77 indicates Negative momentum. The RSI at 43.57 is Neutral, neither overbought nor oversold. The STOCH value of 26.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6276.

SiriusVision Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6396	79 Outperform	¥5.01B	14.96	―	1.19%	-6.39%	-3.86%
6248	74 Outperform	¥3.55B	9.96	―	4.50%	4.73%	9.23%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6147	57 Neutral	¥1.50B	-6.42	―	3.08%	-4.18%	-192.32%
7719	56 Neutral	¥5.25B	44.39	―	―	21.54%	―
6347	54 Neutral	¥4.00B	429.94	―	1.67%	-13.82%	81.18%
6276	48 Neutral	¥1.15B	-1.69	―	2.93%	-20.33%	-1780.05%