OXIDE Corp. (6521) AI Stock Analysis

• Market Cap: ¥20.03B
• Dividend Yield: N/A
• Average Volume (3M): 145.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.41
• Revenue Growth: 36.90%
• EPS Growth: -311.02%
• Country: JP
• Employees: 395
• Sector: Technology
• Sector Strength: 88
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.66
• Shares Outstanding: 11,563,113
• 10 Day Avg. Volume: 134,850
• 30 Day Avg. Volume: 144,996
• PEG Ratio: -0.01
• Price to Book (P/B): 2.46
• Price to Sales (P/S): 1.58
• P/FCF Ratio: -17.15
• 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: 54 Neutral
• Price Target: ¥1,794.00 ▲(15.00% Upside)

The score is held back primarily by weak financial performance (losses, leverage, and negative free cash flow) and a valuation profile driven by negative earnings. These are partly offset by strong technical momentum with the stock trading above key moving averages, though overbought signals reduce the upside implied by trends.

Positive Factors

Diversified End Markets

Serving consumer, automotive and industrial end markets provides durable demand diversification. Exposure to automotive electronics and industrial automation ties revenue to long-term secular trends, reducing cyclical risk and supporting steadier product adoption and multi-year customer relationships.

Multiple Revenue Streams and Partnerships

A mix of direct product sales, distribution channels, licensing income and R&D contracts creates diversified cash sources and lowers customer concentration. Licensing and partnerships can generate recurring, higher-margin revenue and extend market reach, supporting sustainable growth and strategic resilience.

Strong Revenue Growth

High revenue growth indicates strong product demand and market traction, which can enable scale advantages and incremental margin improvement over time. If sustained, this growth underpins investment in R&D and manufacturing capacity needed for competitive positioning across segments.

Negative Factors

Negative Profitability

Persistent net losses and negative EBITDA weaken retained earnings and limit internal funding for growth. Continued unprofitability can pressure margins, constrain strategic investments, and necessitate external financing, increasing dilution or interest costs and harming long-term return on equity.

High Leverage

Elevated debt relative to equity raises refinancing and interest rate risk, reducing financial flexibility. High leverage constrains capital allocation, limits the company's ability to invest in R&D or capacity expansion, and increases vulnerability to macro shocks over the next several quarters.

Negative Free Cash Flow

Negative free cash flow implies the business is not yet self-financing capital investments, pressuring liquidity and forcing reliance on external funding. Over months this limits ability to scale production, sustain R&D spend, and can raise funding costs or delay strategic projects.

OXIDE Corp. Business Overview & Revenue Model

Company Description

Oxide Corporation offers crystals and optical devices. It also provides lasers, optical measurement systems, and components. The company was founded in 2000 and is based in Hokuto, Japan.

How the Company Makes Money

OXIDE Corp. generates revenue through multiple streams, primarily by selling its semiconductor products to manufacturers in various industries. The company engages in direct sales to large clients and also utilizes distribution partnerships to reach a broader market. In addition to product sales, OXIDE Corp. earns revenue from licensing its proprietary technologies to other companies, which allows them to integrate OXIDE's innovations into their own products. Furthermore, the company may benefit from research and development contracts with government agencies or private sector firms seeking advanced semiconductor solutions. Strategic partnerships with key industry players enhance OXIDE's market presence, driving sales and contributing to its overall earnings.

OXIDE Corp. Financial Statement Overview

Summary

OXIDE Corp. is experiencing robust revenue growth but faces significant profitability and cash flow challenges. High leverage and negative earnings pose financial risks, although consistent revenue increases offer a positive outlook if operational efficiencies can be improved.

Income Statement

OXIDE Corp. has shown significant revenue growth over the years, with a notable increase from 2024 to 2025. However, the company is struggling with profitability, as evidenced by a negative net income and EBITDA in 2025. The gross profit margin has been relatively stable but the EBIT and net profit margins remain under pressure, indicating operational challenges.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio, which indicates significant leverage and potential financial risk. Although stockholders' equity has decreased over the years, the equity ratio remains positive, suggesting some stability in asset financing through equity. The return on equity has been negatively impacted by the net losses, highlighting profitability concerns.

Cash Flow

OXIDE Corp. has faced challenges with cash flow, as evidenced by negative free cash flow in recent years. While operating cash flow has improved since 2024, it remains insufficient to cover capital expenditures, resulting in negative free cash flow. The company’s cash flow to net income ratios indicate inefficiencies in converting income into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.79B	8.39B	6.61B	5.75B	4.76B	3.58B
Gross Profit	3.61B	3.06B	1.88B	2.28B	1.63B	1.08B
EBITDA	1.13B	-1.67B	558.00M	1.03B	890.92M	653.30M
Net Income	-2.72B	-2.70B	-422.30M	557.39M	495.74M	310.46M
Balance Sheet
Total Assets	17.51B	18.21B	19.25B	10.79B	8.71B	6.57B
Cash, Cash Equivalents and Short-Term Investments	2.56B	2.25B	1.63B	1.44B	2.15B	1.18B
Total Debt	10.36B	10.37B	9.21B	3.68B	2.62B	3.79B
Total Liabilities	12.46B	12.79B	11.64B	5.56B	4.12B	5.05B
Stockholders Equity	5.05B	5.41B	7.61B	5.23B	4.59B	1.51B
Cash Flow
Free Cash Flow	0.00	-775.41M	-2.72B	-1.62B	-382.82M	281.26M
Operating Cash Flow	0.00	885.16M	-953.77M	-119.25M	443.38M	568.30M
Investing Cash Flow	0.00	-1.54B	-6.14B	-1.73B	-849.16M	-300.64M
Financing Cash Flow	0.00	1.28B	7.30B	1.12B	1.38B	241.38M

OXIDE Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1560.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6521, the sentiment is Positive. The current price of 1560 is above the 20-day moving average (MA) of 1511.95, below the 50-day MA of 1573.62, and below the 200-day MA of 1714.76, indicating a bullish trend. The MACD of 29.63 indicates Negative momentum. The RSI at 65.80 is Neutral, neither overbought nor oversold. The STOCH value of 82.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6521.

OXIDE Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6763	80 Outperform	¥25.66B	14.51	―	3.16%	12.72%	53.85%
6643	78 Outperform	¥20.97B	9.36	―	3.12%	6.60%	0.27%
6994	77 Outperform	¥27.29B	11.51	―	2.35%	5.15%	480.70%
6668	71 Outperform	¥11.49B	6.59	―	1.66%	12.23%	65.42%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6521	54 Neutral	¥20.03B	-7.06	―	―	36.90%	-311.02%
6619	41 Neutral	¥8.69B	-0.67	―	―	―	―

OXIDE Corp. Corporate Events

OXIDE Reduces Potential Dilution as 3rd-Series Stock Options Expire and Are Partially Exercised

OXIDE Corporation reported the December 2025 exercise status of its 3rd series stock acquisition rights, with 7,000 shares delivered through the exercise of seven stock option units during the month. The 3rd series options reached the end of their exercise period on December 22, 2025, leaving 62 unexercised rights (equivalent to 62,000 shares) that were extinguished, thereby reducing the company’s potential dilutive shares by the same amount. As of the end of December, the company had 11,563,113 issued shares excluding dilutive securities and 572,000 remaining dilutive shares from stock acquisition rights, for a total of 12,135,113 shares on a fully diluted basis, providing investors with updated visibility into its equity base and dilution profile.

The most recent analyst rating on (JP:6521) stock is a Hold with a Yen1578.00 price target. To see the full list of analyst forecasts on OXIDE Corp. stock, see the JP:6521 Stock Forecast page.

OXIDE Corp. Projects Recovery Despite First-Half Losses

OXIDE Corporation reported a disappointing financial performance for the first half of the fiscal year, primarily due to challenges faced by its subsidiary, Raicol, amidst geopolitical conflicts. However, the company remains optimistic about a recovery in the second half, citing expected improvements in R&D subsidy timing, manufacturing costs, and revenue recovery, which could lead to a balanced operating profit.

The most recent analyst rating on (JP:6521) stock is a Hold with a Yen1785.00 price target. To see the full list of analyst forecasts on OXIDE Corp. stock, see the JP:6521 Stock Forecast page.

OXIDE Corp. Reports Foreign Exchange Gain in Q2

OXIDE Corporation announced a non-operating income due to a foreign exchange gain of JPY 210 million for the second quarter of the fiscal year ending February 2026. This gain was primarily due to the revaluation of intra-group loans and foreign exchange forward contracts. Despite this gain, the company has not revised its annual forecast, as future exchange rate fluctuations could impact financial outcomes.

The most recent analyst rating on (JP:6521) stock is a Hold with a Yen1785.00 price target. To see the full list of analyst forecasts on OXIDE Corp. stock, see the JP:6521 Stock Forecast page.

OXIDE Corp. Reports Increased Sales Amidst Financial Losses

OXIDE Corporation reported its consolidated financial results for the six months ended August 31, 2025, showing a 22.1% increase in net sales compared to the previous year, despite operating and ordinary losses. The company’s financial position remains stable with a slight improvement in the equity ratio, and it maintains its dividend forecast unchanged, indicating a cautious yet optimistic outlook for the fiscal year ending February 28, 2026.

The most recent analyst rating on (JP:6521) stock is a Hold with a Yen1785.00 price target. To see the full list of analyst forecasts on OXIDE Corp. stock, see the JP:6521 Stock Forecast page.