Y.A.C.HOLDINGS CO.,LTD. (6298) AI Stock Analysis

• Market Cap: ¥21.40B
• Dividend Yield: 3.83%
• Average Volume (3M): 127.87K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 1.46
• Revenue Growth: -7.50%
• EPS Growth: 22.01%
• Country: JP
• Employees: 819
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 15.93
• Shares Outstanding: 19,517,895
• 10 Day Avg. Volume: 111,530
• 30 Day Avg. Volume: 127,870
• PEG Ratio: -0.47
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 0.69
• P/FCF Ratio: 6.61
• 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: 74 Outperform
• Price Target: ¥1,372.00 ▲(30.17% Upside)
• Action: Upgraded Date: 11/21/25
• Date: Action: Upgraded 11/21/25

Y.A.C. Holdings' stock score is primarily driven by strong technical indicators, reflecting bullish momentum. However, mixed financial performance and moderate valuation metrics suggest a cautious outlook. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Improved free cash flow

The swing to positive free cash flow (2,413 million yen in 2025) indicates stronger internal cash generation versus prior negative FCF. Durable cash generation supports reinvestment, working capital funding, dividend capacity or debt reduction, improving long-term financial flexibility.

Balanced leverage

A debt-to-equity near 0.97 with an equity ratio around 41% reflects moderate leverage and a conservative funding mix. This balance provides capacity to weather downturns while still accessing debt markets for capex or growth without overburdening interest coverage or liquidity over the medium term.

Specialized semiconductor services

Focus on cleanroom equipment and engineering/support for semiconductor manufacturing creates a specialized, technical service offering. These are typically sticky, require ongoing maintenance and upgrades, and grant competitive positioning through domain expertise and customer relationships over multiple equipment life cycles.

Negative Factors

Net profit margin compression

A sharp drop in net margin from 5.29% to 2.43% materially reduces retained earnings and the company’s buffer against shocks. Persistently lower net margins impede capital accumulation for R&D or capex and signal structural pressure on profitability that can hurt long-term return profiles.

Inconsistent revenue trend

Declining and inconsistent top-line growth undermines scale benefits and makes margin recovery harder to sustain. For a capital goods and services provider, unpredictable revenue complicates capacity planning, working capital management and long-term investment decisions.

Weakening capital efficiency

ROE around 3.3% and a year-over-year drop in equity indicate weakening returns on shareholder capital and possible erosion of the capital base. Low capital efficiency constrains the ability to fund growth internally and may necessitate external financing, raising strategic risk over time.

Y.A.C.HOLDINGS CO.,LTD. Business Overview & Revenue Model

Company Description

Y.A.C. Holdings Co., Ltd. engages in semiconductor business in Japan. The company produces and sells liquid crystal and semiconductor-related products, including dry etching, and barrel plasma ashing. It also manufactures and sells hard disk related manufacturing equipment, such as burnishers, UV curing machines, hard disk conveyors, automatic machines, conveyor systems for semiconductors, conveyor/handling/automatic machines, factory automation equipment, handlers, solar water and cell manufacturing tools, and research and development tools, as well as laser and Ion beam machines; and cleaning machines consisting of shirt finishing systems, wool and uniform finishers, tumblers, bagging systems, sorters, and apparel equipment for clothing. The company was formerly known as Y.A.C. Co., Ltd. and changed its name to Y.A.C. Holdings Co., Ltd. in April 2017. Y.A.C. Holdings Co., Ltd. was founded in 1973 and is headquartered in Akishima, Japan.

How the Company Makes Money

Y.A.C.HOLDINGS generates revenue through multiple streams, including direct sales of manufactured goods, rental income from its real estate holdings, and service fees from technology solutions. The company capitalizes on its manufacturing capabilities by producing high-demand products that are sold to retailers and wholesalers. In real estate, revenue is generated through leasing commercial and residential properties, as well as through the sale of developed properties. Additionally, Y.A.C.HOLDINGS partners with technology firms to provide integrated solutions, which contributes to its service-based income. Strategic collaborations and joint ventures also play a crucial role in expanding its market reach and enhancing profitability.

Y.A.C.HOLDINGS CO.,LTD. Financial Statement Overview

Summary

Y.A.C. Holdings shows a mixed financial outlook with strengths in free cash flow generation and a balanced debt-to-equity ratio. However, challenges in revenue growth and declining profit margins highlight the need for strategic improvements.

Income Statement

Y.A.C. Holdings has shown a mixed performance on its income statement. The gross profit margin for the latest year is approximately 27.27%, indicating solid profitability in its operations. However, the net profit margin decreased significantly from 2024 to 2025, showing a decline from 5.29% to 2.43%, which raises concerns about net profitability. Revenue growth has been inconsistent, with a decline from 2024 to 2025. The EBIT and EBITDA margins also reflect a decrease from the previous year, pointing to challenges in operational efficiency.

Balance Sheet

The balance sheet of Y.A.C. Holdings shows a moderate level of financial stability. The debt-to-equity ratio stands at approximately 0.97, which is relatively balanced, indicating a cautious approach to leveraging. Return on equity has decreased to about 3.3%, reflecting a drop in profitability. The equity ratio of roughly 41.16% shows a reasonable level of equity financing, but the decrease in equity from the previous year signals a need for improved financial health.

Cash Flow

Y.A.C. Holdings displays volatility in cash flow performance. The free cash flow has seen significant growth, improving from the negative figures of 2023 to a positive 2,413 million yen in 2025, highlighting improved cash efficiency. However, the operating cash flow to net income ratio suggests some inconsistency in cash conversion. The free cash flow to net income ratio indicates effective cash generation relative to net income.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	22.31B	23.04B	26.81B	24.11B	22.80B	24.20B
Gross Profit	6.07B	6.28B	7.10B	6.09B	6.13B	5.11B
EBITDA	1.48B	2.01B	2.60B	2.19B	2.31B	1.53B
Net Income	198.00M	559.00M	1.42B	921.00M	1.11B	337.00M
Balance Sheet
Total Assets	41.30B	41.09B	43.83B	38.74B	37.00B	37.51B
Cash, Cash Equivalents and Short-Term Investments	8.64B	7.18B	7.66B	6.63B	8.70B	10.01B
Total Debt	17.13B	16.44B	17.62B	14.38B	13.49B	15.47B
Total Liabilities	25.15B	23.99B	26.84B	22.77B	21.67B	23.38B
Stockholders Equity	15.97B	16.92B	16.99B	15.97B	15.32B	14.13B
Cash Flow
Free Cash Flow	0.00	2.41B	317.00M	-2.41B	783.00M	2.97B
Operating Cash Flow	0.00	2.67B	882.00M	-1.64B	1.09B	3.48B
Investing Cash Flow	0.00	-1.08B	-2.18B	-742.00M	-195.00M	-540.00M
Financing Cash Flow	0.00	-2.07B	2.25B	272.00M	-2.30B	548.00M

Y.A.C.HOLDINGS CO.,LTD. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1054.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6298, the sentiment is Positive. The current price of 1054 is below the 20-day moving average (MA) of 1142.95, below the 50-day MA of 1103.04, and above the 200-day MA of 913.28, indicating a bullish trend. The MACD of 26.27 indicates Negative momentum. The RSI at 54.67 is Neutral, neither overbought nor oversold. The STOCH value of 71.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6298.

Y.A.C.HOLDINGS CO.,LTD. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6863	75 Outperform	¥15.85B	12.60	―	5.39%	6.45%	26.58%
6298	74 Outperform	¥21.40B	20.12	―	3.83%	-7.50%	22.01%
6848	73 Outperform	¥18.54B	23.34	―	2.59%	1.66%	-12.21%
6853	73 Outperform	¥20.96B	20.90	―	2.93%	-1.58%	12.24%
6989	71 Outperform	¥21.88B	10.99	―	3.15%	2.48%	39.69%
6772	62 Neutral	¥9.46B	46.96	―	1.78%	-1.17%	-42.36%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Y.A.C.HOLDINGS CO.,LTD. Corporate Events

Y.A.C. Holdings Advances Share Buyback, Repurchasing Over 550,000 Shares

Y.A.C. Holdings has disclosed the latest progress in its ongoing share buyback program, reporting the acquisition of 127,200 treasury shares on the Tokyo Stock Exchange in February 2026 at a total cost of about JPY 144 million. The purchases are part of a previously approved plan allowing buybacks of up to 1.4 million shares, or JPY 1 billion, between November 2025 and May 2026.

Cumulatively, the company has repurchased 552,300 shares for approximately JPY 591 million under this mandate, signaling an active capital allocation strategy that may support shareholder value and per-share metrics. The continued execution of the buyback underscores management’s confidence in the firm’s valuation and financial position, while modestly tightening the free float in the Japanese industrials market.

The most recent analyst rating on (JP:6298) stock is a Buy with a Yen1372.00 price target. To see the full list of analyst forecasts on Y.A.C.HOLDINGS CO.,LTD. stock, see the JP:6298 Stock Forecast page.

Y.A.C. HOLDINGS Issues Notice on 9-Month FY2026 Financial Materials

Y.A.C. HOLDINGS CO., LTD. has released supplementary materials related to its nine-month financial results for the fiscal year ending March 31, 2026. The notice, issued on February 12, 2026, mainly serves as a formal reference announcement and emphasizes that the translated document is for convenience, with the original Japanese version taking legal precedence.

While the release confirms the timing and scope of the financial disclosure, it does not provide any quantitative results, strategic updates, or commentary on business performance. As such, stakeholders are informed only of the existence of these financial materials, and are directed implicitly to the original Japanese documentation or the company’s official channels for substantive financial and operational details.

The most recent analyst rating on (JP:6298) stock is a Buy with a Yen1201.00 price target. To see the full list of analyst forecasts on Y.A.C.HOLDINGS CO.,LTD. stock, see the JP:6298 Stock Forecast page.

Y.A.C. HOLDINGS Lifts Nine-Month Profit, Sticks to Strong Full-Year Outlook

Y.A.C. HOLDINGS reported a solid recovery for the nine months ended December 31, 2025, with net sales up 17.6% year on year to ¥19.06 billion and operating profit jumping 53.2% to ¥1.17 billion. Ordinary profit almost doubled and profit attributable to owners of parent surged 259.5% to ¥662 million, driving basic earnings per share to ¥35.97, while the equity ratio eased slightly to 39.7% as net assets dipped.

The company kept its full-year forecast unchanged, targeting a 30.2% rise in net sales to ¥30 billion and a 114.6% increase in profit attributable to owners of parent to ¥1.2 billion, implying continued profit momentum into the final quarter. Management also plans an annual dividend of ¥40 per share after the January 2025 two-for-one stock split, signaling confidence in earnings strength and offering shareholders a clearer view of post-split capital returns.

The most recent analyst rating on (JP:6298) stock is a Buy with a Yen1201.00 price target. To see the full list of analyst forecasts on Y.A.C.HOLDINGS CO.,LTD. stock, see the JP:6298 Stock Forecast page.

Y.A.C. Holdings Reports Progress on Ongoing ¥1 Billion Share Buyback Program

Y.A.C. Holdings Co., Ltd. has disclosed the latest status of its ongoing share buyback program, reporting the acquisition of 148,400 treasury shares on the Tokyo Stock Exchange between January 1 and January 31, 2026, at a total cost of approximately ¥161.47 million. This forms part of a broader board-approved repurchase authorization decided on November 13, 2025, allowing buybacks of up to 1.4 million shares or ¥1 billion through May 29, 2026; cumulatively, as of January 31, 2026, the company has repurchased 425,100 shares for about ¥446.59 million, signaling a continued effort to enhance capital efficiency and potentially support shareholder value through active balance sheet management.

The most recent analyst rating on (JP:6298) stock is a Buy with a Yen1201.00 price target. To see the full list of analyst forecasts on Y.A.C.HOLDINGS CO.,LTD. stock, see the JP:6298 Stock Forecast page.

Y.A.C. Holdings Reports Progress on Share Buyback Program

Y.A.C. Holdings has disclosed the progress of its authorized share buyback, reporting that it repurchased 193,100 of its own common shares for approximately JPY 197.9 million on the Tokyo Stock Exchange between December 1 and December 23, 2025. This transaction forms part of a broader board-approved program, adopted on November 13, 2025, allowing buybacks of up to 1.4 million shares or JPY 1 billion through May 29, 2026, under which the company had cumulatively acquired 276,700 shares for about JPY 285.1 million by the end of December; the ongoing buyback is likely aimed at optimizing capital structure and enhancing shareholder value by reducing the number of shares outstanding.

The most recent analyst rating on (JP:6298) stock is a Buy with a Yen1201.00 price target. To see the full list of analyst forecasts on Y.A.C.HOLDINGS CO.,LTD. stock, see the JP:6298 Stock Forecast page.