Alps Alpine Co (6770) AI Stock Analysis

• Market Cap: ¥459.59B
• Dividend Yield: 3.04%
• Average Volume (3M): 1.16M
• Price to Earnings (P/E): 9.2
• Beta (1Y): 0.85
• Revenue Growth: 2.70%
• EPS Growth: N/A
• Country: JP
• Employees: 28,693
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 54.08
• Shares Outstanding: 208,103,740
• 10 Day Avg. Volume: 1,019,170
• 30 Day Avg. Volume: 1,164,730
• PEG Ratio: -0.04
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.32
• P/FCF Ratio: 13.73
• 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): 105.93
• Revenue Forecast (FY): ¥986.55B

• Rating: 78 Outperform
• Price Target: ¥2,671.00 ▲(34.63% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

Alps Alpine Co's strong technical indicators and attractive valuation are the primary drivers of its high score. The company's solid financial performance, with improvements in profitability and cash flow, further supports its positive outlook. However, careful debt management is necessary to sustain growth.

Positive Factors

Integrated automotive components & HMI

Alps Alpine’s product mix combines high-volume components with higher-value automotive HMI modules that are design‑in dependent. That mix creates recurring OEM revenue streams and higher-margin system sales, supporting steady revenue visibility across multi-year vehicle platform cycles.

Improving cash generation

The company shows strengthening operating cash flow and improving free cash flow trends, enhancing financial flexibility for reinvestment and debt servicing. Better cash conversion supports capital allocation for product development and retaining competitiveness in component and module markets.

Healthy capital structure and ROE recovery

A solid equity ratio and improved ROE indicate the firm has strengthened its capital base and is extracting better returns from equity. This reduces solvency risk, preserves strategic optionality for R&D or M&A, and underpins long‑term investment capacity.

Negative Factors

Free cash flow volatility

Despite improving trends, notable historical swings in free cash flow indicate the company may face uneven capex or working capital demands. Persistent FCF volatility can constrain predictable reinvestment, increase reliance on external funding, and complicate long‑term planning.

Operational/EBIT volatility

Variable EBIT points to margin sensitivity from product mix, pricing, commodity costs, or production ramp timing. Such operational volatility can weaken margin sustainability and makes forecasting earnings from cyclical auto and consumer end-markets more challenging for multi‑period planning.

Debt level fluctuations

While leverage is currently manageable, historical swings in total debt raise refinancing and interest‑rate exposure risks. If debt increases during downturns or capex cycles, it could limit investment flexibility and elevate financial risk over a multi‑quarter horizon.

Alps Alpine Co Business Overview & Revenue Model

Company Description

Alps Alpine Co., Ltd. manufactures and sells electronic components in Japan and internationally. It operates through three segments: Electronic Components, Automotive Infotainment, and Logistics. The Electronic Components segment develops, manufactures, and markets electronic components. The Automotive Infotainment segment develops, manufactures, and markets audio, information, and communication equipment. The Logistics segment offers transportation, storage, and forwarding services. Its products for the consumer, energy, healthcare, industry, and IoT markets include TACT switches, multi-directional operating devices, toroidal coils, aspherical glass lens, PC board mount current sensors, slide potentiometers, encoders, actuators, and reactors, as well as pressure, geomagnetic, force, and humidity sensors; sensor network, environmental sensor, and power conversion modules; compact printers; and remote monitoring system for logistics, worker condition monitoring systems, obstacle detection unit for sidewalks, and ground wire automated tracking and inspection drone systems. The company's products for the automotive market comprises TACT and detector switches, wireless LAN/Bluetooth combination modules, V2X and LTE modules, encoders, and engine start switches; stand position, EGR valve, and current sensors; power windows, electronic parking systems, intelligent control panels, electric shifters, steering wheel modules, sound system speakers, vehicle-approaching alert systems, amplifier for in-vehicle sound systems, displays, and camera/drive recorders; and car navigation systems, premium sound speakers, customized car products, rental car provider solutions, rear seat monitors, and camera systems. It also provides systems development, office, and financing and leasing services. The company was formerly known as Alps Electric Co., Ltd. and changed its name to Alps Alpine Co., Ltd. in January 2019. The company was incorporated in 1948 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Alps Alpine generates revenue through multiple key streams, including the sale of electronic components, automotive products, and various consumer electronics. The company operates on a business-to-business (B2B) model, supplying its products to major manufacturers in the automotive and electronics industries. Significant revenue comes from long-term partnerships with automakers and tech companies that require high-quality electronic components for their products. Additionally, the company invests in research and development to innovate and expand its product offerings, which helps to drive sales growth. Factors contributing to its earnings include the demand for advanced automotive technologies, the growth of smart devices, and the increasing need for connectivity solutions in various applications.

Alps Alpine Co Financial Statement Overview

Summary

Alps Alpine Co shows strong revenue growth and profitability recovery, with a robust gross profit margin. The balance sheet is solid with a healthy equity ratio, though debt management requires attention. Cash flow is improving, but historical volatility suggests challenges in capital expenditures.

Income Statement

Alps Alpine Co has exhibited a strong revenue growth trajectory, with a notable increase in revenue in the most recent year. The gross profit margin is robust, indicating efficient production and cost management. The company has improved its net profit margin, rebounding from previous losses, which highlights a recovery and stabilization in profitability. However, fluctuations in EBIT over the years may suggest some operational volatility.

Balance Sheet

The company maintains a healthy equity ratio, reflecting a strong capital structure with substantial stockholders' equity relative to total assets. The debt-to-equity ratio is reasonable, suggesting manageable leverage levels. Return on equity has improved significantly, indicating enhanced profitability relative to shareholder investment. However, the fluctuations in total debt over the years could pose potential risks if not managed carefully.

Cash Flow

Alps Alpine Co demonstrates solid operating cash flow performance, with an improving trend in free cash flow, signaling increased financial flexibility and capacity for reinvestment. The operating cash flow to net income ratio is strong, which underscores effective conversion of profits into cash. However, the historical volatility in free cash flow suggests potential challenges in managing capital expenditures and financing activities.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	995.73B	990.41B	964.09B	933.11B	802.85B	718.01B
Gross Profit	172.89B	174.75B	166.07B	167.53B	138.80B	114.49B
EBITDA	54.13B	94.06B	28.10B	74.88B	85.09B	47.10B
Net Income	34.57B	37.84B	-29.81B	11.47B	22.96B	-3.84B
Balance Sheet
Total Assets	705.09B	740.72B	753.99B	737.00B	743.52B	694.28B
Cash, Cash Equivalents and Short-Term Investments	116.06B	147.94B	122.67B	84.17B	139.73B	153.07B
Total Debt	73.25B	100.79B	129.30B	121.94B	113.27B	117.94B
Total Liabilities	303.32B	325.20B	361.17B	337.21B	318.21B	315.91B
Stockholders Equity	400.32B	414.00B	391.17B	398.21B	389.61B	345.13B
Cash Flow
Free Cash Flow	0.00	22.78B	33.13B	-36.94B	-13.89B	4.67B
Operating Cash Flow	0.00	65.82B	89.17B	15.41B	34.30B	42.64B
Investing Cash Flow	0.00	-1.68B	-55.09B	-54.20B	-45.51B	-41.16B
Financing Cash Flow	0.00	-37.30B	-1.81B	-742.00M	-13.54B	14.52B

Alps Alpine Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1984.00
• 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:6770, the sentiment is Positive. The current price of 1984 is below the 20-day moving average (MA) of 2188.77, below the 50-day MA of 2064.55, and above the 200-day MA of 1795.05, indicating a bullish trend. The MACD of 87.27 indicates Negative momentum. The RSI at 71.72 is Negative, neither overbought nor oversold. The STOCH value of 88.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6770.

Alps Alpine Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6770	78 Outperform	¥459.59B	9.19	11.96%	3.04%	2.70%	―
6806	78 Outperform	¥766.87B	25.94	8.09%	2.85%	11.18%	-0.75%
6981	74 Outperform	¥7.58T	39.89	8.95%	1.88%	2.88%	28.76%
6762	67 Neutral	¥4.60T	24.54	―	1.41%	7.73%	-1.93%
6807	64 Neutral	¥186.42B	24.55	5.91%	2.39%	-3.24%	-25.21%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6976	56 Neutral	¥602.32B	88.44	―	2.57%	4.81%	-49.43%

Alps Alpine Co Corporate Events

Alps Alpine Lifts Full-Year Earnings Outlook and Ups Dividend Forecast

Alps Alpine has raised its consolidated forecast for the fiscal year ending March 31, 2026, projecting higher net sales of ¥1,010 billion and operating income of ¥37 billion, with ordinary income and net income attributable to owners of the parent also revised upward compared with its October outlook. The company attributed the upgrade to stronger-than-expected results in the first nine months, driven largely by a weaker yen and higher-than-planned recovery of development costs from customers, and has updated its currency assumptions for the fourth quarter to reflect this more favorable environment. In tandem with the improved earnings outlook and a reduced share count following treasury stock purchases, Alps Alpine revised its year-end dividend forecast up by ¥2 to ¥32 per share, lifting the annual dividend forecast to ¥62, signaling a continued commitment to stable and slightly enhanced shareholder returns.

The most recent analyst rating on (JP:6770) stock is a Hold with a Yen2281.00 price target. To see the full list of analyst forecasts on Alps Alpine Co stock, see the JP:6770 Stock Forecast page.

Alps Alpine Boosts Nine-Month Profit and Hikes Dividend Forecast Despite Softer Full-Year Outlook

Alps Alpine reported a solid improvement in profitability for the nine months ended 31 December 2025, with net sales rising 2.8% year on year to ¥761.2 billion and operating profit jumping 31.5% to ¥33.3 billion. Ordinary profit surged 64.6% to ¥40.2 billion and profit attributable to owners of parent more than doubled to ¥24.0 billion, lifting basic earnings per share to ¥119.27. The company’s financial position also strengthened, with total assets increasing to ¥777.0 billion and the equity ratio edging up to 56.3%, while share buybacks reduced the number of shares outstanding and supported higher net assets per share.

For shareholders, Alps Alpine confirmed an interim dividend of ¥30.00 per share and raised its full-year dividend forecast to a total of ¥62.00 per share, signaling confidence in cash generation despite moderating earnings expectations for the full fiscal year. The company revised its full-year forecast to net sales of ¥1,010.0 billion and operating profit of ¥37.0 billion, implying modest top-line growth but a projected decline in full-year profit attributable to owners of parent to ¥21.0 billion compared with the strong nine-month performance. The combination of higher dividends, improved balance sheet metrics and robust year-to-date earnings underlines a focus on shareholder returns and financial discipline as the company navigates a slower growth environment.

The most recent analyst rating on (JP:6770) stock is a Hold with a Yen2281.00 price target. To see the full list of analyst forecasts on Alps Alpine Co stock, see the JP:6770 Stock Forecast page.

Alps Alpine Unwinds Equity Ties With Nippon Seiki While Maintaining Business Alliance

Alps Alpine has decided to dissolve its capital and business alliance with automotive instrument maker Nippon Seiki Co., Ltd. and shift the relationship to a pure business alliance, effective January 28, 2026. The move is driven by corporate governance priorities, particularly the reduction of cross-shareholdings, with Alps Alpine planning to sell its 3,000,000 Nippon Seiki shares on the market and Nippon Seiki likewise intending to sell its 2,600,000 Alps Alpine shares. Despite unwinding the mutual equity stakes, both companies will maintain their collaboration on integrated cockpit products and aim to continue working together to enhance their corporate value, signaling that operational cooperation in their shared automotive technology domain will continue without the capital tie.

The most recent analyst rating on (JP:6770) stock is a Hold with a Yen2281.00 price target. To see the full list of analyst forecasts on Alps Alpine Co stock, see the JP:6770 Stock Forecast page.