Tamura Corporation (6768) AI Stock Analysis

• Market Cap: ¥59.88B
• Dividend Yield: 2.25%
• Average Volume (3M): 584.32K
• Price to Earnings (P/E): 36.4
• Beta (1Y): 1.25
• Revenue Growth: 11.74%
• EPS Growth: -30.96%
• Country: JP
• Employees: 4,410
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 4.45
• Shares Outstanding: 82,771,470
• 10 Day Avg. Volume: 408,270
• 30 Day Avg. Volume: 584,323
• PEG Ratio: 0.62
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 7.24
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 22.99
• Revenue Forecast (FY): ¥121.00B

• Rating: 69 Neutral
• Price Target: ¥798.00 ▲(57.40% Upside)
• Action: Downgraded Date: 02/07/26
• Date: Action: Downgraded 02/07/26

The score is primarily supported by improving financial performance and a stable balance sheet, with technicals indicating a generally upward longer-term trend but only moderate current momentum. Valuation is the main constraint due to the elevated P/E, only partly offset by the dividend yield.

Positive Factors

Revenue and margin improvement

Consistent revenue growth and improving EBIT/EBITDA margins signal structural demand for Tamura's power-electronics components across industrial, consumer and automotive markets. Durable margin improvements point to better cost control and pricing power, supporting sustainable earnings over the next several months.

Healthy capital structure

A roughly 51% equity ratio and moderate leverage provide a durable financial buffer, lowering insolvency risk and enabling continued investment. Improved ROE reflects better use of shareholder capital, supporting longer-term capacity to fund operations, capex and strategic initiatives without excessive external funding.

Improving cash generation

A clear turnaround to positive free cash flow and strong operating cash conversion enhances financial flexibility. Reliable cash generation supports reinvestment, dividend funding and debt servicing, reducing reliance on capital markets and improving resilience versus peers over a multi-month horizon.

Negative Factors

Low net margin and prior loss

A low net margin leaves limited room to absorb cost inflation or demand shocks; the prior-year loss demonstrates earnings vulnerability. With modest absolute profitability, cyclical downturns or margin pressure from raw-materials or pricing competition could quickly erode net income over the medium term.

Volatile free cash flow history

Although FCF recently improved, historical volatility implies cash generation can be uneven. Irregular cash flows reduce predictability for capex, dividends and debt repayment, forcing precautionary liquidity buffers or external financing in weaker quarters and constraining confident multi-month planning.

Significant debt exposure

Moderate but material leverage increases sensitivity to interest-rate rises or revenue downturns, raising fixed-cost obligations. In a cyclical hardware and components industry this can limit strategic flexibility, force tighter working-capital management and heighten refinancing risk over the coming months.

Tamura Corporation Business Overview & Revenue Model

Company Description

Tamura Corporation (6768) is a diversified technology company based in Japan, primarily engaged in the manufacturing and distribution of electronic components, including semiconductors, capacitors, and resistors. The company operates in various sectors such as telecommunications, automotive, and consumer electronics, providing innovative solutions that enhance performance and efficiency. Tamura is known for its commitment to research and development, enabling it to deliver high-quality products that meet the evolving needs of its global customer base.

How the Company Makes Money

Tamura Corporation generates revenue primarily through the sale of its electronic components to various industries, including telecommunications, automotive, and consumer electronics. The company has established multiple key revenue streams, including direct sales to manufacturers, partnerships with distributors, and long-term contracts with major technology firms. Additionally, Tamura invests in research and development to innovate new products, which helps maintain a competitive edge in the market. Strategic collaborations and partnerships with other technology companies further enhance its revenue opportunities by expanding its market reach and enabling access to new customer segments.

Tamura Corporation Financial Statement Overview

Summary

Strong income statement performance (revenue up ~7%, improving EBIT/EBITDA margins) and a stable balance sheet (equity ratio ~51.4%) support a solid score. Offsetting factors include a relatively low net margin (~2.4%), a prior net loss in 2022, and historically volatile free cash flow despite recent improvement.

Income Statement

Tamura Corporation shows strong revenue growth with a 7% increase this year and consistent profitability reflected in a gross profit margin of approximately 26.6% and a net profit margin of around 2.4%. The company has improved its EBIT and EBITDA margins over the past years, indicating effective cost management and operational efficiency. However, there was a net income loss in 2022, highlighting past challenges in profitability.

Balance Sheet

The company's debt-to-equity ratio is relatively stable, with a slight increase in debt levels over the past years, currently at approximately 0.53. Tamura has a healthy equity ratio of about 51.4%, indicating a strong capital structure. Return on Equity has improved to 4.35% this year, reflecting better utilization of shareholder funds. However, the company does carry significant debt, which could pose risks in volatile market conditions.

Cash Flow

Tamura Corporation demonstrates strong free cash flow generation, with a significant increase from last year's negative free cash flow. The operating cash flow to net income ratio is robust, indicating efficient cash conversion from earnings. However, past fluctuations in free cash flow, especially the negative values in prior years, suggest potential volatility in cash management.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	118.48B	114.05B	106.62B	107.99B	88.33B	73.91B
Gross Profit	30.69B	30.31B	28.76B	27.43B	22.33B	21.22B
EBITDA	9.52B	9.12B	8.94B	7.48B	5.01B	6.16B
Net Income	2.23B	2.78B	2.24B	2.05B	-84.00M	542.00M
Balance Sheet
Total Assets	118.13B	124.35B	114.84B	111.79B	104.06B	91.06B
Cash, Cash Equivalents and Short-Term Investments	17.24B	20.30B	17.48B	14.44B	13.71B	17.60B
Total Debt	34.30B	33.95B	33.90B	35.31B	31.18B	22.52B
Total Liabilities	56.98B	60.32B	57.05B	58.87B	53.84B	42.92B
Stockholders Equity	61.06B	63.94B	57.68B	52.81B	50.12B	48.05B
Cash Flow
Free Cash Flow	0.00	5.74B	6.42B	-468.00M	-8.34B	1.19B
Operating Cash Flow	0.00	9.08B	9.51B	2.18B	-4.95B	5.05B
Investing Cash Flow	0.00	-3.90B	-2.67B	-2.64B	-4.62B	-3.05B
Financing Cash Flow	0.00	-3.64B	-4.01B	591.00M	4.54B	-767.00M

Tamura Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 507.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6768, the sentiment is Positive. The current price of 507 is below the 20-day moving average (MA) of 675.90, below the 50-day MA of 637.14, and below the 200-day MA of 541.35, indicating a bullish trend. The MACD of 25.02 indicates Negative momentum. The RSI at 66.37 is Neutral, neither overbought nor oversold. The STOCH value of 68.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6768.

Tamura Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6981	74 Outperform	$7.58T	39.89	8.95%	1.88%	2.88%	28.76%
6817	70 Outperform	¥41.14B	11.44	―	4.53%	-2.57%	3.43%
6768	69 Neutral	¥59.88B	36.39	3.63%	2.25%	11.74%	-30.96%
6762	67 Neutral	¥4.60T	24.54	―	1.41%	7.73%	-1.93%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6844	58 Neutral	¥42.98B	11.20	―	1.95%	6.10%	―
6976	56 Neutral	¥602.32B	88.44	―	2.57%	4.81%	-49.43%

Tamura Corporation Corporate Events

Tamura Corporation Releases Q3 FY2025 Results and Full-Year Outlook

Tamura Corporation has released its financial results for the third quarter of fiscal year 2025, covering the period leading up to the fiscal year ending March 31, 2026, and outlined its full-year forecast. While detailed figures are not provided in the excerpt, the announcement signals ongoing disclosure of performance trends and expectations, information that will be closely watched by investors and other stakeholders to gauge the company’s operational momentum and positioning in the electronics sector.

The most recent analyst rating on (JP:6768) stock is a Buy with a Yen659.00 price target. To see the full list of analyst forecasts on Tamura Corporation stock, see the JP:6768 Stock Forecast page.

Tamura Cuts Profit Forecast on Restructuring Costs but Raises Dividend Payout

Tamura Corporation has cut its FY2025 forecast for profit attributable to owners of the parent from 1.6 billion yen to 600 million yen, while leaving sales and operating and ordinary profit projections unchanged, due to the booking of special losses tied to a limited-period personnel program that offers special retirement allowances and reemployment support as part of a broader organizational revitalization and structural reform under its new medium-term plan. Despite the lower earnings outlook from these non-recurring expenses, the company, citing a solid cash position and healthy free cash flow prospects, has raised its planned annual dividend from 10 to 13 yen per share, signaling continued commitment to stable shareholder returns even as it invests in restructuring for future growth.

The most recent analyst rating on (JP:6768) stock is a Buy with a Yen659.00 price target. To see the full list of analyst forecasts on Tamura Corporation stock, see the JP:6768 Stock Forecast page.

Tamura Boosts Sales and Operating Profit but Slashes Full-Year Earnings Outlook

Tamura Corporation reported consolidated net sales of ¥89.77 billion for the nine months ended December 31, 2025, an 8.6% year-on-year increase, with operating profit up 19.6% to ¥3.79 billion and ordinary profit up 12.8% to ¥3.55 billion. Despite this top-line and operating improvement, profit attributable to owners of the parent dropped 63.1% to ¥675 million and comprehensive income swung to a loss, while the equity ratio declined from 51.3% to 48.8%, reflecting weaker bottom-line performance and reduced net assets.

The company maintained its dividend policy, confirming an annual dividend forecast of ¥13 per share for the fiscal year ending March 31, 2026, and revised its full-year earnings outlook to net sales of ¥120 billion but with lower projected operating and ordinary profits and a steep 78.4% decline in full-year profit attributable to owners of the parent to ¥600 million. Rising treasury shares and modest balance-sheet deterioration signal a more cautious earnings trajectory, suggesting margin pressures or one-off factors that may weigh on shareholder returns and financial flexibility in the near term, even as revenue continues to grow.

The most recent analyst rating on (JP:6768) stock is a Buy with a Yen659.00 price target. To see the full list of analyst forecasts on Tamura Corporation stock, see the JP:6768 Stock Forecast page.

Tamura Launches Special Outplacement Program to Drive Structural Reform and Profitability Targets

Tamura Corporation has approved the introduction of a special, time-limited outplacement support program as part of broader structural reforms under its medium-term management plan aimed at boosting ROE to at least 8% and operating margin to 7% by FY2027. The program, which covers the company and a domestic subsidiary, seeks about 100 voluntary applicants meeting set age and tenure criteria, offering enhanced retirement allowances and reemployment support for employees retiring at the end of March 2026, and is intended to optimize personnel composition, accelerate generational succession, and strengthen the company’s foundation for future growth, with related special retirement and support costs to be booked in the fiscal year ending March 2026 and potential earnings impact to be disclosed once the scale of participation is finalized.

The most recent analyst rating on (JP:6768) stock is a Buy with a Yen672.00 price target. To see the full list of analyst forecasts on Tamura Corporation stock, see the JP:6768 Stock Forecast page.