Aiphone Co., Ltd. (6718) AI Stock Analysis

• Market Cap: ¥45.64B
• Dividend Yield: 4.56%
• Average Volume (3M): 28.84K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 0.64
• Revenue Growth: -2.28%
• EPS Growth: -43.48%
• Country: JP
• Employees: 1,999
• Sector: Technology
• Sector Strength: 94
• Industry: Communication Equipment
• EPS (TTM): 13.10
• Shares Outstanding: 18,220,000
• 10 Day Avg. Volume: 41,200
• 30 Day Avg. Volume: 28,840
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥3,370.00
• Price Target Upside: 18.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 80 Outperform
• Price Target: ¥3,370.00 ▲(18.54% Upside)

Aiphone Co., Ltd. boasts a strong financial foundation with effective cash flow management and a low debt load, contributing significantly to its overall score. The technical analysis indicates strong momentum, although caution is advised due to potential overbought conditions. The valuation is attractive with a low P/E ratio and high dividend yield, making it appealing for income-focused investors.

Aiphone Co., Ltd. Business Overview & Revenue Model

Company Description

Aiphone Co., Ltd. (6718) is a leading Japanese manufacturer specializing in the production of high-quality communication and security equipment. The company is renowned for its innovative intercom systems, which serve a wide range of sectors including residential, commercial, and government facilities. Aiphone's product lineup includes audio and video intercoms, access control systems, and other security-related devices designed to enhance safety and convenience for users worldwide.

How the Company Makes Money

Aiphone Co., Ltd. generates revenue primarily through the sale of its intercom and security systems, which are sold to a diverse clientele spanning residential, commercial, and institutional markets. The company offers a variety of product lines catering to different customer needs, from basic audio intercoms to sophisticated video and networked access control systems. Additionally, Aiphone benefits from an extensive distribution network and strategic partnerships with construction firms, security system integrators, and electronic retailers. These collaborations help the company to expand its market reach and drive sales across domestic and international markets. Aiphone's commitment to quality, innovation, and customer service also plays a significant role in maintaining its competitive edge and ensuring sustained revenue growth.

Aiphone Co., Ltd. Financial Statement Overview

Summary

Aiphone Co., Ltd. is financially stable with strong balance sheet metrics and effective cash flow management. The company shows a robust financial performance with consistent revenue growth and a strong capital structure. However, declining profitability margins indicate room for operational efficiency improvements.

Income Statement

Aiphone Co., Ltd. shows a robust financial performance with consistent revenue growth, evidenced by a 3.24% increase in revenue from 2024 to 2025. The gross profit margin has remained relatively stable at 43.02% in 2025. However, the net profit margin decreased to 5.71% from 7.57% in 2024, indicating pressure on net profitability. EBIT and EBITDA margins also declined slightly, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet remains strong with a low debt-to-equity ratio of 0.01, indicating minimal leverage. The equity ratio is robust at 86.65%, showcasing a solid capital structure. Return on equity decreased to 5.42% from 7.16% in 2024, reflecting a decline in net income relative to equity.

Cash Flow

Aiphone Co., Ltd. demonstrates strong cash flow management, with a significant positive free cash flow of 4.64 billion JPY in 2025. Despite a decline in operating cash flow, the company's ability to generate free cash flow remains strong, reflected in a free cash flow to net income ratio of 1.28. The operating cash flow to net income ratio also remains healthy at 1.58.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	63.32B	61.33B	52.81B	51.99B	46.14B
Gross Profit	27.24B	26.53B	22.58B	23.96B	20.94B
EBITDA	5.75B	7.24B	4.72B	6.49B	4.60B
Net Income	3.62B	4.64B	2.93B	4.23B	3.01B
Balance Sheet
Total Assets	77.04B	78.42B	70.60B	69.45B	63.83B
Cash, Cash Equivalents and Short-Term Investments	25.53B	22.73B	14.98B	24.34B	20.37B
Total Debt	413.00M	459.00M	325.00M	323.00M	211.00M
Total Liabilities	10.27B	13.50B	12.21B	13.53B	11.56B
Stockholders Equity	66.76B	64.91B	58.39B	55.93B	52.27B
Cash Flow
Free Cash Flow	4.64B	8.27B	-7.93B	1.32B	2.43B
Operating Cash Flow	5.72B	9.06B	-4.78B	1.87B	3.12B
Investing Cash Flow	-729.00M	-58.00M	-2.53B	3.73B	-1.30B
Financing Cash Flow	-2.41B	-1.70B	-1.76B	-1.33B	-939.00M

Aiphone Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2843.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6718, the sentiment is Positive. The current price of 2843 is above the 20-day moving average (MA) of 2828.95, above the 50-day MA of 2742.74, and above the 200-day MA of 2649.23, indicating a bullish trend. The MACD of 40.89 indicates Positive momentum. The RSI at 55.47 is Neutral, neither overbought nor oversold. The STOCH value of 47.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6718.

Aiphone Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6822	82 Outperform	¥4.56B	3.42		―	1.33%	13.09%
6718	80 Outperform	¥45.64B	18.17		4.56%	-2.28%	-43.48%
6287	74 Outperform	¥68.50B	9.58	9.51%	3.49%	5.32%	106.88%
6820	74 Outperform	¥41.62B	18.30		2.78%	-1.19%	-30.24%
6675	73 Outperform	¥29.49B	7.71		2.66%	16.42%	79.16%
Sector *	68 Neutral	¥241.26B	15.54	6.62%	2.44%	9.22%	2.43%

Aiphone Co., Ltd. Corporate Events

Aiphone Co., Ltd. Reports Decline in Quarterly Financial Performance with Optimistic Year-End Forecast

Aiphone Co., Ltd. reported a significant decline in its financial performance for the three months ended June 30, 2025, with net sales dropping by 9.8% and operating profit plummeting by 87.9% compared to the previous year. Despite the downturn, the company maintains a strong equity-to-asset ratio of 87.4%, indicating a stable financial position. The forecast for the fiscal year ending March 31, 2026, shows a modest recovery with expected growth in net sales and profits, suggesting potential resilience in the company’s operations.

Aiphone Completes Treasury Share Disposal for Executive Remuneration

Aiphone Co., Ltd. has completed the payment procedures for the disposal of 993 treasury shares as restricted share-based remuneration, a decision made by the Board of Directors on June 27, 2025. This move is part of the company’s strategy to align executive incentives with shareholder interests, potentially impacting its financial management and stakeholder relations.

Aiphone Co., Ltd. Announces Disposal of Treasury Shares for Executive Incentives

Aiphone Co., Ltd. has announced the disposal of 993 treasury shares as part of a restricted share-based remuneration plan aimed at enhancing corporate value and aligning interests with shareholders. This move is part of a broader incentive plan for executive officers, reflecting the company’s commitment to motivating its leadership team and supporting its medium-term management goals.

Aiphone Co., Ltd. Reports Fiscal Year 2025 Financial Results with Challenges in Profitability

Aiphone Co., Ltd. reported its consolidated financial results for the fiscal year ended March 31, 2025, showing a modest increase in net sales by 3.2% to ¥63,316 million. However, the company experienced a decline in operating profit by 27.6% and ordinary profit by 32.1%, indicating challenges in maintaining profitability. Despite these setbacks, Aiphone’s equity-to-asset ratio improved to 86.7%, reflecting a strong financial position. The company maintained its annual dividend at ¥130.00 per share, signaling a commitment to shareholder returns. Looking ahead, Aiphone forecasts a slight increase in net sales and profits for the fiscal year ending March 31, 2026, suggesting a cautious optimism for recovery.