GS Yuasa (6674) AI Stock Analysis

• Market Cap: ¥557.69B
• Dividend Yield: 2.12%
• Average Volume (3M): 749.45K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 1.27
• Revenue Growth: 3.05%
• EPS Growth: -16.11%
• Country: JP
• Employees: 12,478
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Electrical Equipment & Parts
• EPS (TTM): 115.70
• Shares Outstanding: 100,446,440
• 10 Day Avg. Volume: 818,700
• 30 Day Avg. Volume: 749,453
• PEG Ratio: -0.44
• Price to Book (P/B): 0.69
• Price to Sales (P/S): 0.41
• P/FCF Ratio: -9.12
• 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: ¥4,860.00
• Price Target Upside: 9.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 347.45
• Revenue Forecast (FY): ¥605.36B

• Rating: 73 Outperform
• Price Target: ¥5,807.00 ▲(30.79% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is driven primarily by solid fundamental performance (growth and operating efficiency) but reduced by balance-sheet leverage trends and recent negative free cash flow. Technically, the trend is strong, yet very overbought momentum signals increase near-term risk. Valuation is reasonable on earnings but offers only a modest income component.

Positive Factors

Diversified OEM and industrial end-markets

GS Yuasa serves automotive OEMs, aftermarket, industrial backup power, energy storage and specialty aerospace/defense segments. Durable OEM contracts, technical qualification cycles and switching costs create sticky revenue streams and reduce customer churn over multi-year program lifecycles.

Consistent revenue growth and improving margins

The company shows sustained revenue expansion alongside rising EBIT and EBITDA margins, reflecting scalable manufacturing and operational improvements. These margin gains support long-term cash generation and competitive pricing flexibility across battery and power systems businesses.

Solid equity base with improving equity ratio

An improving equity ratio signals strengthened capitalization and loss-absorption capacity. This healthier balance-sheet footing gives GS Yuasa durable financial flexibility to fund capital programs, support JV partnerships and withstand industry cycles without immediate reliance on external equity.

Negative Factors

Rising leverage

A trend of rising leverage reduces financial flexibility and raises interest obligation sensitivity. If leverage continues upward while margins or cash conversion fluctuate, the company faces higher refinancing and liquidity risk that could constrain strategic investments or shareholder returns.

Negative free cash flow driven by capex

High capital spending to support capacity or new programs pushed free cash flow negative despite solid operating cash flow. Persistently heavy capex can force external financing or reduce cash available for dividends and strategic initiatives, stressing long-term cash conversion.

Volatile net profit margin

Notable swings in net profit margin undermine earnings predictability and return on equity. Margin volatility may reflect commodity, product mix or one-off items, making forecasting and capital allocation harder and increasing the risk to sustained profitability and payout policies.

GS Yuasa Business Overview & Revenue Model

Company Description

GS Yuasa Corporation manufactures and sells batteries, power supply systems, and lighting equipment in Japan, the rest of Asia, North America, Europe, and internationally. The company operates through Automotive Batteries (Japan), Automotive Batteries (Overseas), Industrial Batteries and Power Supplies, Automotive Lithium-ion Batteries segments, and Specialized Batteries and Others. It offers automotive lead-acid and lithium-ion batteries for hybrid electric vehicles, plug-in hybrid electric vehicles, electric vehicles, general vehicles, and idling stop systems vehicles; motorcycle lead-acid batteries; batteries for industrial use; and lead-acid, lithium-ion, and specialized batteries for submarines, aircrafts, satellites, manned research submersibles, rockets, and other special applications. The company also provides UV irradiation systems for exposure, adhesion, painting, coating, etc.; and membrane products and filters for purification of water, as well as for collection of valuables from water. GS Yuasa Corporation was incorporated in 2004 and is headquartered in Kyoto, Japan.

How the Company Makes Money

GS Yuasa generates revenue through multiple streams, primarily from the sale of its battery products across various sectors. The automotive battery segment is a significant contributor, supplying batteries for both traditional combustion engine vehicles and electric vehicles. Additionally, the company earns income from industrial batteries used in applications like telecommunications and renewable energy storage. Key partnerships with automobile manufacturers and industrial clients enhance revenue opportunities, while the growing demand for electric vehicles and energy storage solutions drives further growth. GS Yuasa also invests in research and development to innovate and improve battery technology, ensuring a competitive edge in the market.

GS Yuasa Financial Statement Overview

Summary

Strong income statement performance (revenue growth and improving EBIT/EBITDA margins) supports the score, but it is tempered by rising leverage on the balance sheet and a recent deterioration in cash conversion, including negative free cash flow in the most recent year.

Income Statement

The company demonstrates strong revenue growth, with a notable increase in total revenue over the years. The gross profit margin is healthy, and there is a consistent improvement in EBIT and EBITDA margins, indicating operational efficiency. However, the net profit margin has seen some volatility, particularly due to a substantial decrease in the most recent year, which slightly dampens the overall performance.

Balance Sheet

GS Yuasa maintains a solid equity base with an improving equity ratio, reflecting financial stability. The debt-to-equity ratio is manageable, although it has risen in recent years, indicating increased leverage. Return on equity has shown positive trends but remains susceptible to fluctuations in net income.

Cash Flow

The company's cash flow from operations is strong, supporting its capital expenditures. However, the negative free cash flow in the most recent year is a concern, primarily driven by high capital expenditures. The operating cash flow to net income ratio is healthy, although the free cash flow to net income ratio has deteriorated, reflecting challenges in converting profits to free cash flow.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	584.64B	580.34B	562.90B	517.74B	432.13B	386.51B
Gross Profit	142.31B	139.48B	126.18B	113.23B	96.77B	96.57B
EBITDA	62.15B	76.83B	69.68B	52.76B	39.06B	45.03B
Net Income	32.16B	30.42B	32.06B	13.93B	8.47B	11.46B
Balance Sheet
Total Assets	672.50B	693.74B	656.66B	540.91B	480.76B	431.91B
Cash, Cash Equivalents and Short-Term Investments	43.46B	60.79B	63.94B	36.27B	25.86B	36.28B
Total Debt	109.44B	115.03B	85.75B	112.38B	88.85B	71.82B
Total Liabilities	282.73B	302.75B	282.79B	270.02B	230.83B	197.34B
Stockholders Equity	345.86B	347.05B	329.99B	230.68B	215.23B	202.25B
Cash Flow
Free Cash Flow	0.00	-26.21B	24.22B	-3.22B	-14.29B	16.70B
Operating Cash Flow	0.00	39.30B	63.18B	28.33B	12.88B	35.82B
Investing Cash Flow	0.00	-58.82B	-44.85B	-26.57B	-30.20B	-19.33B
Financing Cash Flow	0.00	14.23B	3.48B	8.83B	5.20B	-7.02B

GS Yuasa Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4440.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6674, the sentiment is Positive. The current price of 4440 is below the 20-day moving average (MA) of 4625.60, above the 50-day MA of 4107.22, and above the 200-day MA of 3453.91, indicating a bullish trend. The MACD of 426.71 indicates Negative momentum. The RSI at 83.35 is Negative, neither overbought nor oversold. The STOCH value of 89.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6674.

GS Yuasa Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6674	73 Outperform	¥557.69B	16.36	8.89%	2.12%	3.05%	-16.11%
5803	72 Outperform	¥7.38T	51.29	32.32%	0.91%	27.53%	137.34%
6503	71 Outperform	€12.59T	33.01	10.23%	1.19%	4.62%	40.65%
6504	64 Neutral	¥1.99T	23.82	12.05%	1.50%	5.44%	-5.19%
5801	61 Neutral	¥1.98T	37.68	10.06%	1.21%	10.52%	60.75%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

GS Yuasa Corporate Events

GS Yuasa lifts FY2025 outlook on stronger nine-month profits

The battery maker reported nine-month fiscal 2025 revenue of ¥432.9 billion and operating profit of ¥38.0 billion, with stronger margins lifting net income 20% to ¥22.1 billion and pushing EPS to ¥220.03, while net assets climbed to ¥415.7 billion on a 51.5% equity ratio. Management raised its dividend outlook to ¥90 per share and now targets full-year sales of ¥600 billion and profit of ¥36 billion, signaling confidence in demand resilience and improved operating efficiency across its energy solutions portfolio.

The most recent analyst rating on (JP:6674) stock is a Buy with a Yen3960.00 price target. To see the full list of analyst forecasts on GS Yuasa stock, see the JP:6674 Stock Forecast page.

GS Yuasa Hikes FY2026 Dividend Forecast on Stronger Earnings Outlook

GS Yuasa has revised upward its dividend forecast for the fiscal year ending March 31, 2026, following stronger-than-expected earnings, increasing the planned year-end dividend by ¥10 to ¥60 per share and lifting the full-year dividend to ¥90. The move, which compares with a total ¥75 dividend in the previous fiscal year, signals management’s confidence in the company’s earnings outlook and enhances shareholder returns, potentially improving its attractiveness to investors in the battery and power solutions sector.

The most recent analyst rating on (JP:6674) stock is a Buy with a Yen3960.00 price target. To see the full list of analyst forecasts on GS Yuasa stock, see the JP:6674 Stock Forecast page.