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W-SCOPE Corporation. (JP:6619)
:6619
Japanese Market

W-SCOPE Corporation. (6619) AI Stock Analysis

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JP:6619

W-SCOPE Corporation.

(6619)

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Neutral 45 (OpenAI - 5.2)
Rating:45Neutral
Price Target:
¥170.00
▲(13.33% Upside)
Action:ReiteratedDate:02/04/26
The score is held down primarily by weak financial performance (declining revenue, losses, and negative free cash flow). Technicals are only mildly supportive in the short term but remain unfavorable over the longer term, and valuation is not compelling given the negative P/E and lack of dividend data.
Positive Factors
Strong equity base
A strong equity position provides a durable financial buffer versus creditors and cyclical revenue swings. Over months, high equity supports liquidity, reduces bankruptcy risk, and preserves the ability to invest or refinance while management addresses profitability issues.
Improving leverage
Reduced total debt and an improved debt-to-equity ratio lower interest expense and increase financial flexibility. This structural leverage improvement strengthens the company's capacity to fund capex, endure operating losses longer, and access credit without immediate solvency pressure.
Exchange listing / market access
Listing on the Tokyo Stock Exchange conveys regulatory oversight and access to domestic capital markets. That structural access supports potential equity or debt raises, credibility with suppliers/customers, and long-term contract opportunities versus unlisted peers.
Negative Factors
Sharp revenue decline
A sharp, recent revenue drop reflects structural demand or execution issues that compress scale and pricing power. Over several months this reduces gross margin absorption of fixed costs, undermines operating leverage and makes profitability recovery harder without clear revenue stabilization.
Negative profitability and margin erosion
Sustained negative EBIT/EBITDA signals deteriorating operational efficiency and persistent unprofitability. Structurally this limits reinvestment, weakens competitive position, and can erode retained earnings, forcing strategic trade-offs or capital raises to cover operating shortfalls.
Weak cash generation
Negative free cash flow and OCF that doesn't cover capex indicate reliance on external financing for operations and investment. Over the medium term this restricts strategic initiatives, increases refinancing risk, and can lead to dilution or asset sales if operating cash flows don't improve.

W-SCOPE Corporation. (6619) vs. iShares MSCI Japan ETF (EWJ)

W-SCOPE Corporation. Business Overview & Revenue Model

Company DescriptionW-SCOPE Corporation manufactures and sells plastic films and sheets in Japan. It offers separators for lithium-ion secondary batteries. It also markets its products in Korea, the United States, and Europe. The company was incorporated in 2005 and is headquartered in Tokyo, Japan.
How the Company Makes MoneyW-SCOPE Corporation generates revenue through the sale of its battery separator films and related products to major battery manufacturers and electric vehicle producers. The company has established key partnerships with leading automotive and technology firms, which significantly contributes to its revenue growth. Additionally, W-SCOPE benefits from increasing global demand for electric vehicles and renewable energy solutions, positioning itself strategically to capitalize on these market trends. The company's revenue model is primarily based on direct sales, contracts, and long-term supply agreements, ensuring a steady cash flow from its customer base.

W-SCOPE Corporation. Financial Statement Overview

Summary
Weak profitability and cash generation: revenue declined sharply (2024 to 2025), margins are poor with negative net income/EBIT and a deterioration to negative EBITDA/EBIT. Cash flow is also pressured with negative free cash flow and operating cash flow not covering capex. Balance sheet equity is relatively stable and debt has been reduced, but losses keep ROE negative.
Income Statement
35
Negative
The income statement reveals a concerning trend of declining revenue, with a significant drop from 2024 to 2025. Gross profit margin is weak, and the company is operating at a loss with negative net income and EBIT margins. The turn from positive to negative EBITDA and EBIT indicates deteriorating operational efficiency and profitability.
Balance Sheet
60
Neutral
The balance sheet shows a strong equity position relative to total assets, indicating stability. However, the debt-to-equity ratio has improved significantly from previous periods due to reduced total debt, which is positive, but historical high leverage poses a risk. ROE has been negative due to recurring net losses, which is concerning.
Cash Flow
40
Negative
Cash flow analysis shows negative free cash flow, signaling cash outflow challenges. Operating cash flow is insufficient to cover capital expenditures, indicating reliance on external financing. The free cash flow to net income ratio is unfavorable, reflecting difficulties in converting profits into cash.
BreakdownTTMJan 2025Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue3.44B31.05B44.35B45.10B29.97B18.48B
Gross Profit-3.96B1.09B5.84B9.91B4.70B-1.03B
EBITDA-2.37B2.25B10.60B15.75B4.19B-5.26B
Net Income-10.42B-3.71B866.77M4.41B-2.94B-11.18B
Balance Sheet
Total Assets55.58B60.08B171.00B139.53B83.37B70.23B
Cash, Cash Equivalents and Short-Term Investments158.00M262.00M12.01B32.84B11.48B6.54B
Total Debt8.02B8.31B34.86B17.62B20.41B46.79B
Total Liabilities10.34B10.41B47.20B26.26B32.94B60.29B
Stockholders Equity45.24B49.67B53.63B50.41B30.61B9.94B
Cash Flow
Free Cash Flow0.00-24.15B-34.46B-21.60B-4.41B-10.46B
Operating Cash Flow0.004.01B12.20B6.60B2.26B85.00M
Investing Cash Flow0.00-28.75B-51.01B-28.33B-2.37B-14.62B
Financing Cash Flow0.0017.28B15.02B41.69B8.88B4.53B

W-SCOPE Corporation. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price150.00
Price Trends
50DMA
164.28
Positive
100DMA
190.73
Negative
200DMA
220.81
Negative
Market Momentum
MACD
1.91
Negative
RSI
57.87
Neutral
STOCH
64.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6619, the sentiment is Positive. The current price of 150 is below the 20-day moving average (MA) of 173.20, below the 50-day MA of 164.28, and below the 200-day MA of 220.81, indicating a neutral trend. The MACD of 1.91 indicates Negative momentum. The RSI at 57.87 is Neutral, neither overbought nor oversold. The STOCH value of 64.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6619.

W-SCOPE Corporation. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
¥27.66B17.283.16%12.72%53.85%
72
Outperform
¥56.87B12.540.91%5.28%18.38%
68
Neutral
¥5.99B33.952.90%-0.14%-32.62%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
51
Neutral
¥37.12B-619.3736.90%-311.02%
45
Neutral
¥10.72B-0.79
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:6619
W-SCOPE Corporation.
180.00
-82.00
-31.30%
JP:6521
OXIDE Corp.
3,210.00
2,010.00
167.50%
JP:6637
Terasaki Electric Co., Ltd.
4,365.00
1,978.68
82.92%
JP:6654
Fuji Electric Industry. Co.,Ltd
1,115.00
102.05
10.07%
JP:6763
Teikoku Tsushin Kogyo Co., Ltd.
2,910.00
608.43
26.44%

W-SCOPE Corporation. Corporate Events

W-Scope Completes Exercise of 10th Series Stock Acquisition Rights; 11th Series Untapped
Feb 2, 2026

W-Scope Corporation reported the January 2026 exercise status of its 10th and 11th series of stock acquisition rights issued via third-party allotment, and confirmed that all 10th series rights have now been fully exercised. During the month, 12,000 units of the 10th series rights were exercised, resulting in the issuance of 1.2 million new shares, while none of the 11th series rights were exercised, leaving all 10,000 units of the 11th series outstanding; overall, the program has expanded the company’s share base within regulatory limits, affecting capital structure and potential dilution for existing shareholders.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen156.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

W-SCOPE Launches New Commitment-Based Stock Acquisition Rights Financing with EVO FUND
Jan 21, 2026

W-SCOPE Corporation’s board has approved a complex financing scheme involving the acquisition and cancellation of its 10th and 11th stock acquisition rights, and the issuance of 23,999 new 12th stock acquisition rights to EVO FUND via third-party allotment, alongside previously issued straight bonds totaling ¥270 million. The new subscription rights, which carry a variable exercise price mechanism with a minimum of ¥83 per share and an initial exercise price of ¥165, could result in up to 2,399,900 new shares and are expected to raise approximately ¥382.6 million, tightening the company’s capital structure while potentially diluting existing shareholders and reinforcing its funding base through a commitment-style agreement that effectively requires EVO FUND to exercise the rights during the defined period.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen156.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

W-Scope Issues 850,000 New Shares Through Large-Scale Warrant Exercise
Jan 15, 2026

W-Scope Corporation announced a large-scale exercise of its 10th Stock Acquisition Rights, originally issued in November 2025 with an exercise price adjustment mechanism, resulting in the issuance of 850,000 new shares on January 15, 2026 at an exercise price of ¥149 per share. Following this transaction, 8,500 units of warrants, representing 28.33% of the total issued, have been exercised since the previous disclosure, reducing the number of outstanding stock acquisition rights from 13,999 to 5,499 units, a move that increases the company’s share count and may have implications for capital structure and shareholder dilution.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen156.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

W-SCOPE Suspends Exercise of 10th and 11th Stock Acquisition Rights Amid Sluggish Share Price
Jan 13, 2026

W-SCOPE Corporation has designated a temporary non-exercise period for its 10th and 11th series stock acquisition rights that were previously issued to Macquarie Bank Limited, reflecting its use of equity-linked financing instruments to support its business operations. The company will prohibit the exercise of these stock acquisition rights, covering 13,999 units of the 10th series and 10,000 units of the 11th series, from January 21 to February 3, 2026, citing a prolonged slump in its share price that has undermined its ability to raise the originally planned level of funds through this scheme, signaling potential constraints on its capital-raising strategy and highlighting market challenges for existing and prospective shareholders.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen156.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

W-SCOPE Reports December Exercise of 10th Stock Acquisition Rights, No Conversions on 11th Series
Jan 5, 2026

W-SCOPE Corporation reported the December 2025 exercise status of its 10th and 11th stock acquisition rights issued in November 2025 via third-party allotment. During the month, 16,001 units of the 10th stock acquisition rights were exercised, resulting in the issuance of 1,600,100 new shares at exercise prices ranging from ¥149.00 to ¥222.30, reducing the remaining unexercised 10th rights to 13,999 units. No 11th stock acquisition rights were exercised, leaving all 10,000 units (1,000,000 shares) outstanding. The shares issued under these exercises represented 2.90% of the company’s 55,225,600 shares outstanding at the end of the prior month, indicating a measurable but controlled equity dilution for existing shareholders as W-SCOPE continues to utilize stock acquisition rights as a funding mechanism.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen156.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

W-Scope Suspends Exercise of 10th and 11th Stock Acquisition Rights Amid Sluggish Share Price
Dec 18, 2025

W-Scope Corporation has designated a temporary non-exercise period for its 10th and 11th series stock acquisition rights with exercise price adjustment, which were allotted to Macquarie Bank Limited as a third-party recipient under a previously concluded purchase agreement. The company has set a non-exercise window from December 25, 2025, to January 13, 2026, covering 15,999 units of the 10th series rights and 10,000 units of the 11th series rights, citing a prolonged slump in its share price that has undermined its ability to raise the originally planned level of funds through these instruments, signaling near-term constraints on its equity financing strategy and potential implications for its capital-raising flexibility.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen156.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

W-SCOPE Reports Third Quarter Non-Operating Financial Results
Dec 11, 2025

W-SCOPE Corporation announced its non-operating income and expenses for the third quarter of the fiscal year ending January 2026. The company recorded significant non-operating income from research and development subsidies and compensation for excess inventory, totaling 255 million yen. However, it also faced substantial non-operating expenses, including interest expenses and equity losses from its affiliate, W-SCOPE CHUNGJU PLANT CO., LTD., amounting to over 4.5 billion yen. These financial results reflect the company’s ongoing challenges in managing its financial operations and could impact its market positioning and stakeholder confidence.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen179.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

W-SCOPE Corporation Revises Earnings Forecasts Amid European Market Challenges
Dec 11, 2025

W-SCOPE Corporation has revised its full-year consolidated earnings forecasts for the fiscal year ending January 2026 due to underperformance in the European EV market and delays in new project orders. Despite steady sales in the Separators segment for consumer applications, the company expects a decrease in net sales and profits compared to initial forecasts, with a notable decline in ordinary and net income attributed to reduced demand for EVs in Europe.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen179.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

W-SCOPE Completes Payment for Stock Acquisition Rights Issuance
Dec 1, 2025

W-SCOPE Corporation has completed the payment for the issuance of its 10th and 11th Stock Acquisition Rights, amounting to ¥3,660,000. This issuance, resolved by the Board of Directors, involves a third-party allotment method and is expected to enhance the company’s financial flexibility and market positioning by potentially increasing its share capital through the exercise of these rights.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen216.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

W-SCOPE Corporation Announces New Stock Acquisition Rights to Boost Growth
Nov 6, 2025

W-SCOPE Corporation has announced the issuance of its 10th and 11th Stock Acquisition Rights through a third-party allotment to McCorley Bank Ltd. This strategic move aims to capitalize on the growing demand for lithium-ion batteries, particularly in the EV sector, and is expected to enhance the company’s market position by securing additional capital for future growth. The issuance is part of a Target Issue Program (TIP), which anticipates future stock price increases and allows for staged issuance of new shares.

The most recent analyst rating on (JP:6619) stock is a Hold with a Yen256.00 price target. To see the full list of analyst forecasts on W-SCOPE Corporation. stock, see the JP:6619 Stock Forecast page.

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.Date of analysis: Feb 04, 2026