Tsubakimoto Chain Co. (JP:6371)
:6371
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Tsubakimoto Chain Co.
(6371)
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Rating:81Outperform
Price Target:
¥2,856.00
▲(23.16% Upside)
Action:ReiteratedDate:02/08/26
The score is driven primarily by strong financial performance (growth with improved profitability and a very conservative balance sheet), supported by attractive valuation (low P/E and solid dividend yield). Technicals also add strength due to a clear uptrend and positive momentum, with the main risk being uneven cash-flow conversion.
Positive Factors
Conservative Balance Sheet
Very low leverage and a growing equity base give Tsubaki durable financial flexibility: it can fund capex, absorb cyclicality, sustain dividends or buybacks, and pursue selective M&A without large refinancing risk, supporting long-term stability and strategic optionality.
Negative Factors
Moderate Cash Conversion
Earnings do not consistently translate into cash at a high rate, leaving room for working-capital swings or capex to erode liquidity in downturns. This mid-tier cash conversion could constrain durable investment or dividend resiliency during weaker demand periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and a growing equity base give Tsubaki durable financial flexibility: it can fund capex, absorb cyclicality, sustain dividends or buybacks, and pursue selective M&A without large refinancing risk, supporting long-term stability and strategic optionality.
Read all positive factors
Tsubakimoto Chain Co. (6371) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥255.76B
Dividend Yield3.85%
Average Volume (3M)182.51K
Price to Earnings (P/E)9.6
Beta (1Y)0.92
Revenue Growth1.48%
EPS Growth8.86%
CountryJP
Employees8,750
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)59.82
Shares Outstanding106,213,280
10 Day Avg. Volume179,020
30 Day Avg. Volume182,506
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.74
Price to Sales (P/S)0.69
P/FCF Ratio23.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)186.6
Revenue Forecast (FY)¥301.65B
Tsubakimoto Chain Co. Business Overview & Revenue Model
Company Description
Tsubakimoto Chain Co. manufactures and sells materials handling systems, automotive parts, chains, and power transmission units and components. The company operates through Chain Operations, Motion Control Operations, Mobility Operations, and Mate...
How the Company Makes Money
Tsubakimoto Chain Co. generates revenue primarily through the sale of its various chain products and systems, which include power transmission chains, conveyor chains, and specialized components for different industries. Key revenue streams come f...
Tsubakimoto Chain Co. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 281.98B | 279.19B | 266.81B | 251.57B | 215.88B | 193.40B |
| Gross Profit | 84.62B | 82.18B | 77.77B | 71.25B | 62.74B | 47.63B |
| EBITDA | 46.30B | 44.89B | 40.28B | 32.33B | 33.35B | 21.86B |
| Net Income | 22.94B | 22.12B | 18.55B | 13.74B | 14.54B | 8.71B |
Balance Sheet | ||||||
| Total Assets | 382.00B | 371.51B | 391.30B | 345.88B | 332.62B | 307.33B |
| Cash, Cash Equivalents and Short-Term Investments | 67.10B | 68.72B | 77.92B | 59.58B | 55.44B | 48.06B |
| Total Debt | 25.15B | 27.24B | 30.86B | 35.62B | 39.23B | 43.20B |
| Total Liabilities | 115.93B | 109.35B | 130.74B | 119.29B | 122.86B | 119.83B |
| Stockholders Equity | 263.80B | 259.81B | 258.40B | 224.40B | 207.76B | 185.79B |
Cash Flow | ||||||
| Free Cash Flow | 15.57B | 8.14B | 27.74B | 12.43B | 13.00B | 18.17B |
| Operating Cash Flow | 29.02B | 21.30B | 38.58B | 21.35B | 21.00B | 27.89B |
| Investing Cash Flow | -7.52B | -11.83B | -9.16B | -9.28B | -9.07B | -9.56B |
| Financing Cash Flow | -19.81B | -21.66B | -15.70B | -9.96B | -7.78B | -4.35B |
Tsubakimoto Chain Co. Technical Analysis
Positive
2319.00
Price Trends
2417.33
Negative
2316.93
Positive
2156.86
Positive
Market Momentum
-19.24
Negative
50.11
Neutral
67.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6371, the sentiment is Positive. The current price of 2319 is below the 20-day moving average (MA) of 2337.16, below the 50-day MA of 2417.33, and above the 200-day MA of 2156.86, indicating a neutral trend. The MACD of -19.24 indicates Negative momentum. The RSI at 50.11 is Neutral, neither overbought nor oversold. The STOCH value of 67.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6371.
Tsubakimoto Chain Co. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥255.76B | 9.64 | 8.91% | 3.85% | 1.48% | 8.86% | |
78 Outperform | ¥112.83B | 15.71 | ― | 4.64% | 3.99% | -28.28% | |
71 Outperform | ¥542.64B | 28.49 | 5.25% | 2.13% | -2.23% | 130.96% | |
67 Neutral | ¥7.30B | 3.03 | ― | 1.37% | -3.05% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ¥399.97B | 197.68 | 5.94% | 0.56% | 6.22% | ― | |
55 Neutral | ¥593.82B | -6.48 | 1.88% | 6.16% | 1.98% | -48.28% |
* Industrials Sector Average
JP:6371
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Tsubakimoto Chain Co. Corporate Events
Tsubakimoto Chain Reports Strong Earnings at Newly Delisted Subsidiary Daido Kogyo
Feb 6, 2026
Tsubakimoto Chain Co. has disclosed the third-quarter financial results of its newly delisted and now wholly owned subsidiary Daido Kogyo Co., Ltd., which posted a 2.9% year-on-year increase in net sales to ¥44.27 billion and a sharp improvem...
Tsubakimoto Chain Posts Higher Nine-Month Profit on Modest Sales Growth, Keeps Forecasts as Daido Kogyo Deal Closes
Feb 6, 2026
For the nine months ended 31 December 2025, Tsubakimoto Chain reported a modest 1.4% year-on-year increase in net sales to ¥209.4 billion, while operating profit fell 7.1% and ordinary profit declined 3.3%. Despite the margin pressure, profit...
Tsubakimoto Chain to Buy Fractional Shares Tied to Daido Kogyo Share Exchange
Jan 28, 2026
Tsubakimoto Chain Co. has resolved to purchase fractional shares arising from its share exchange reorganization that made Daido Kogyo Co., Ltd. a wholly owned subsidiary as of January 1, 2026. Under Japan’s Companies Act, the company will ac...
Tsubakimoto Chain Co. Completes Treasury Stock Acquisition
Nov 21, 2025
Tsubakimoto Chain Co. has completed the acquisition of 162,700 shares of its own treasury stock, with a total purchase cost of 343,042,600 yen. This acquisition is part of a larger plan approved by the Board of Directors to repurchase up to 6,500,...
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.