Strong ProfitabilitySustained gross margins around 38–43% and net margin rising to 15.8% indicate durable unit economics and pricing power in plasma equipment. Healthy margins and 15.2% ROE support reinvestment in R&D and service capabilities, cushioning cyclical downturns and preserving long-term cash generation.

Improving LeverageA fall in debt-to-equity from 1.34 to 0.93 signals meaningful deleveraging, improving financial flexibility. Lower leverage reduces interest burden and increases capacity to fund capex, maintenance, and strategic R&D without immediate external financing, strengthening the balance sheet over the medium term.

Improved Cash GenerationFree cash flow near parity with net income (FCF/net income 0.92) shows the business is converting reported profits into real cash. Stronger cash conversion supports recurring service revenue, spare-parts supply and R&D funding, enhancing resilience through semiconductor cycle troughs and capex needs.

Bears Say

Recent Revenue DeclineA recent negative revenue growth trend weakens the growth runway and may signal softer equipment demand or lost market share. For a capital-equipment provider, declining top-line undermines fixed-cost absorption, pressures margins over time, and makes reinvestment and debt servicing more challenging.

Cash-flow VolatilityPast cash-flow volatility and episodes of negative free cash flow reduce predictability of internal funding for capex and R&D. For capital-intensive semiconductor equipment, uneven cash conversion raises funding risk during downturns and increases reliance on external financing at adverse times.

High Absolute Debt LevelAlthough leverage has improved, the absolute level of total debt remains elevated and could limit strategic flexibility. In a cyclical end-market, persistent debt service needs heighten vulnerability to demand slowdowns and may force tighter capital allocation or costly refinancing if revenues weaken.

6668 FAQ

What was Adtec Plasma Technology Co., Ltd.’s price range in the past 12 months?

Adtec Plasma Technology Co., Ltd. lowest stock price was ¥1000.00 and its highest was ¥2109.00 in the past 12 months.

What is Adtec Plasma Technology Co., Ltd.’s market cap?

Adtec Plasma Technology Co., Ltd.’s market cap is ¥15.80B.

When is Adtec Plasma Technology Co., Ltd.’s upcoming earnings report date?

Adtec Plasma Technology Co., Ltd.’s upcoming earnings report date is Apr 10, 2026 which is in 31 days.

How were Adtec Plasma Technology Co., Ltd.’s earnings last quarter?

Adtec Plasma Technology Co., Ltd. released its earnings results on Jan 09, 2026. The company reported ¥12 earnings per share for the quarter, beating the consensus estimate of N/A by ¥12.

Is Adtec Plasma Technology Co., Ltd. overvalued?

According to Wall Street analysts Adtec Plasma Technology Co., Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Adtec Plasma Technology Co., Ltd. pay dividends?

Adtec Plasma Technology Co., Ltd. pays a Notavailable dividend of ¥16 which represents an annual dividend yield of 1.66%. See more information on Adtec Plasma Technology Co., Ltd. dividends here

What is Adtec Plasma Technology Co., Ltd.’s EPS estimate?

Adtec Plasma Technology Co., Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Adtec Plasma Technology Co., Ltd. have?

Adtec Plasma Technology Co., Ltd. has 8,586,000 shares outstanding.

What happened to Adtec Plasma Technology Co., Ltd.’s price movement after its last earnings report?

Adtec Plasma Technology Co., Ltd. reported an EPS of ¥12 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -0.962%.

Which hedge fund is a major shareholder of Adtec Plasma Technology Co., Ltd.?

Currently, no hedge funds are holding shares in JP:6668

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Adtec Plasma Technology Co., Ltd.

Adtec Plasma Technology Co., Ltd. engages in the design, manufacture, sale, and technical support of RF plasma generators, matching units, and digital RF power tracers in Japan. The company offers radio frequency plasma generator, automatic impedance matching boxes, digital power tracer, DC power supply products, and microwaves. Its products are installed on tools for LCD panels and semiconductor processes. The company was formerly known as Adtec Co. and changed its name to Adtec Plasma Technology Co., Ltd. in December 2000. Adtec Plasma Technology Co., Ltd. was incorporated in 1985 and is headquartered in Fukuyama, Japan.