Kokusai Electric Corporation (JP:6525)
:6525
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Kokusai Electric Corporation
(6525)
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Rating:67Neutral
Price Target:
¥8,430.00
▲(25.50% Upside)
Action:Reiterated
Date:05/28/26
The score is driven primarily by solid underlying financial quality (de-risked balance sheet and improved cash generation) and strong technical uptrend signals. These positives are meaningfully offset by expensive valuation (high P/E and low yield) and evidence that profitability and revenue momentum have cooled versus prior peak levels.
Positive Factors
Balance sheet strength
Material deleveraging and higher equity improve financial flexibility over the medium term. Lower debt-to-equity reduces refinancing and interest-rate risk, giving the company capacity to fund R&D, service its installed base, or sustain operations through cyclical downturns without immediate external financing.
Negative Factors
Volatile and cooling revenue growth
Inconsistent top-line performance undermines predictability for margins and capital allocation. Volatile revenue tied to cyclical demand complicates capacity planning and R&D payback, and makes multi-quarter earnings visibility weaker for customers and investors over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Material deleveraging and higher equity improve financial flexibility over the medium term. Lower debt-to-equity reduces refinancing and interest-rate risk, giving the company capacity to fund R&D, service its installed base, or sustain operations through cyclical downturns without immediate external financing.
Read all positive factors
Kokusai Electric Corporation (6525) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.93T
Dividend Yield0.73%
Average Volume (3M)6.53M
Price to Earnings (P/E)63.7
Beta (1Y)2.00
Revenue Growth-1.61%
EPS Growth-16.57%
CountryJP
Employees2,483
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)128.98
Shares Outstanding238,115,620
10 Day Avg. Volume5,647,220
30 Day Avg. Volume6,529,006
Financial Highlights & Ratios
PEG Ratio-2.35
Price to Book (P/B)5.33
Price to Sales (P/S)4.97
P/FCF Ratio33.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥8,427.00Price Target Upside25.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)203.26
Revenue Forecast (FY)¥297.80B
Kokusai Electric Corporation Business Overview & Revenue Model
Company Description
Kokusai Electric Corporation engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide. The company offers deposition process equipment, treatment process equipment, measuring systems...
How the Company Makes Money
Kokusai Electric primarily makes money by selling semiconductor manufacturing equipment used in front-end wafer fabrication, especially batch processing tools for thermal and thin-film processes (e.g., deposition and heat-treatment steps). Revenue...
Kokusai Electric Corporation Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 235.08B | 238.93B | 180.84B | 245.72B | 245.43B |
| Gross Profit | 96.81B | 101.74B | 68.00B | 93.97B | 100.36B |
| EBITDA | 55.98B | 64.85B | 42.03B | 67.28B | 80.61B |
| Net Income | 30.10B | 36.00B | 22.37B | 40.30B | 51.34B |
Balance Sheet | |||||
| Total Assets | 359.66B | 341.51B | 375.43B | 373.54B | 356.53B |
| Cash, Cash Equivalents and Short-Term Investments | 56.54B | 44.76B | 92.62B | 106.05B | 108.40B |
| Total Debt | 49.87B | 60.18B | 93.02B | 99.21B | 123.19B |
| Total Liabilities | 140.39B | 145.34B | 188.04B | 212.66B | 237.01B |
| Stockholders Equity | 219.27B | 196.17B | 187.39B | 160.88B | 119.52B |
Cash Flow | |||||
| Free Cash Flow | 35.06B | 12.99B | -8.59B | 23.18B | 70.51B |
| Operating Cash Flow | 48.80B | 38.48B | 2.94B | 29.99B | 73.61B |
| Investing Cash Flow | -16.95B | -27.71B | -11.95B | -7.83B | -3.35B |
| Financing Cash Flow | -21.51B | -58.11B | -6.31B | -25.11B | -3.51B |
Kokusai Electric Corporation Technical Analysis
Positive
6717.00
Price Trends
6327.99
Positive
6232.64
Positive
5167.99
Positive
Market Momentum
327.13
Negative
64.56
Neutral
75.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6525, the sentiment is Positive. The current price of 6717 is below the 20-day moving average (MA) of 6916.30, above the 50-day MA of 6327.99, and above the 200-day MA of 5167.99, indicating a bullish trend. The MACD of 327.13 indicates Negative momentum. The RSI at 64.56 is Neutral, neither overbought nor oversold. The STOCH value of 75.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6525.
Kokusai Electric Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥2.06T | 22.85 | 21.73% | 2.29% | -3.12% | -4.90% | |
82 Outperform | ¥3.62T | 40.51 | 53.12% | 1.11% | 12.01% | 26.66% | |
80 Outperform | ¥7.20T | 52.09 | 25.78% | 0.79% | 11.08% | 9.32% | |
79 Outperform | ¥23.78T | 41.72 | 26.01% | 1.79% | 0.49% | 6.10% | |
78 Outperform | ¥18.37T | 50.66 | 47.37% | 0.25% | 44.75% | 135.64% | |
67 Neutral | ¥1.93T | 63.71 | ― | 0.73% | -1.61% | -16.57% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Kokusai Electric Corporation Corporate Events
Kokusai Electric Confirms Change in Principal Shareholder as Nomura Stake Falls
May 20, 2026
Kokusai Electric said its ownership structure is set to shift as Nomura Securities will no longer be a principal shareholder following a planned share transfer. Nomura’s voting rights in the company will fall from 11.55% to 0.97% after coord...
Kokusai Electric Announces Exit of KKR as Principal Shareholder and Temporary Stake by Nomura
May 19, 2026
Kokusai Electric said its principal shareholder, KKR HKE Investment L.P., plans to sell its entire 10.36% stake, equivalent to 24.69 million shares, through securities firms. As part of the transaction, Nomura Securities will coordinate purchase o...
Kokusai Electric to Dispose of Treasury Shares for Performance-Based Equity Awards
May 13, 2026
Kokusai Electric’s board has approved the disposal of up to 79,421 treasury shares, worth a maximum of about ¥562 million at a price of ¥7,078 per share, to settle vested Restricted Stock Units and Performance Share Units under its...
Kokusai Electric Launches Share Buyback of Up to ¥5.3 Billion
May 13, 2026
Kokusai Electric Corporation’s board has approved a share repurchase program, authorizing the buyback of up to 1.5 million common shares, equivalent to about 0.6% of its outstanding stock, for a maximum total of 5.3 billion yen. The buyback ...
Kokusai Electric Sets Year-End Dividend, Reaffirms Payout Policy
May 13, 2026
Kokusai Electric’s board has approved a year-end dividend of 19 yen per share for the fiscal year ended March 31, 2026, matching the prior year’s year-end payout and slightly exceeding the company’s most recent forecast of 18 yen...
Kokusai Electric Highlights Metrics and Risks in FY2026 Financial Briefing
May 13, 2026
Kokusai Electric Corporation released a financial briefing for the fiscal year ended March 2026, outlining its approach to corporate disclosure and performance measurement. The company emphasizes adjusted operating profit and adjusted net income a...
Kokusai Electric Sees Profit Dip in FY2026 but Targets Strong Rebound and Higher Dividends
May 13, 2026
Kokusai Electric reported fiscal 2026 revenue of ¥235.1 billion, down 1.6% year on year, with operating profit falling 18.5% to ¥41.8 billion and net income declining 16.4% to ¥30.1 billion, reflecting margin compression from 21.5% ...
Kokusai Electric Buys Land to Expand Tonami Semiconductor Manufacturing Hub
Apr 28, 2026
Kokusai Electric has decided to acquire a 43,000-square-meter land parcel next to its Tonami Manufacturing Center in Tonami City, Toyama Prefecture, for about 1.0 billion yen. The company expects the semiconductor-related market to grow faster and...
Kokusai Electric’s Largest Shareholder Changes to Capital Research and Management
Apr 9, 2026
Kokusai Electric Corporation announced a change in its largest and principal shareholder, with U.S.-based investment advisory firm Capital Research and Management Company now holding 11.55% of voting rights, surpassing former top shareholder KKR H...
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.