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Alps Alpine Co
(6770)
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Rating:68Neutral
Price Target:
¥2,352.00
▲(8.59% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by improving financial performance (profit rebound, strong 2026 cash generation, and conservative/leverage-improving balance sheet), tempered by a history of volatility and thin net margins. Technicals are mildly positive but largely neutral on momentum, while valuation is reasonable with a ~2.8% dividend yield but not a deep discount.
Positive Factors
Improved cash generation
Strong 2026 operating and free cash flow provide durable internal funding for capex, R&D and working capital. Reliable cash generation across the year helps the company meet OEM production ramps and reduces dependence on external financing, supporting multi‑year program wins.
Negative Factors
Thin net margins
Low net margins leave limited buffer against raw material inflation, pricing pressure from OEMs, or cost overruns on program ramps. Small margin cushions constrain the company's ability to consistently fund R&D, sustain dividends, or absorb cyclical downturns without cutting investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Strong 2026 operating and free cash flow provide durable internal funding for capex, R&D and working capital. Reliable cash generation across the year helps the company meet OEM production ramps and reduces dependence on external financing, supporting multi‑year program wins.
Read all positive factors
Alps Alpine Co (6770) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥434.01B
Dividend Yield2.8%
Average Volume (3M)1.16M
Price to Earnings (P/E)17.0
Beta (1Y)1.03
Revenue Growth2.28%
EPS Growth-22.89%
CountryJP
Employees25,924
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)134.77
Shares Outstanding208,103,740
10 Day Avg. Volume1,019,170
30 Day Avg. Volume1,164,730
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)0.93
Price to Sales (P/S)0.41
P/FCF Ratio7.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,200.00Price Target Upside1.57% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)145.75
Revenue Forecast (FY)¥1.05T
Alps Alpine Co Business Overview & Revenue Model
Company Description
Alps Alpine Co., Ltd. (6770) is a Japan-based electronic components manufacturer focused on human–machine interface (HMI) devices, sensors, connectivity modules, and power-related components, with a major presence in the automotive market and addi...
How the Company Makes Money
Alps Alpine makes money primarily by selling electronic components, modules, and related solutions to manufacturers (OEMs and tier suppliers), with automotive customers representing a major end market. Revenue is generated through (1) component sa...
Alps Alpine Co Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant achievements, including record-breaking sales and operating profit growth, along with successful cost structure reforms. However, challenges remain with foreign exchange losses impacting ordinary profit and net profit, and difficulties in the sensor and communication segment. Overall, the company's outlook for H1 has improved with an upward revision in forecast, but uncertainty remains for H2.Positive Updates
Record-breaking Quarterly Sales
Achieved the highest quarterly sales in the company's history for Q1 FY2026 with net sales reaching JPY238.9 billion, a YoY increase of JPY5.3 billion.
Negative Updates
Foreign Exchange Losses
Ordinary profit decreased by JPY3.5 billion YoY to JPY1.2 billion due to a foreign exchange loss of JPY3.7 billion.
Read all updates
Q1-2025 Updates
Positive
Negative
Record-breaking Quarterly Sales
Achieved the highest quarterly sales in the company's history for Q1 FY2026 with net sales reaching JPY238.9 billion, a YoY increase of JPY5.3 billion.
Read all positive updates
Company Guidance
In the recent financial results briefing for ALPS ALPINE CO., LTD., the company reported record-breaking quarterly sales for Q1 of FY2026, with revenue reaching JPY238.9 billion, a YoY increase of JPY5.3 billion. The operating profit also rose by JPY2.5 billion YoY to JPY3.7 billion despite a JPY3.1 billion negative impact from currency appreciation. Ordinary profit, however, fell by JPY3.5 billion YoY to JPY1.2 billion, primarily due to a foreign exchange loss of JPY3.7 billion. The components segment, driven by strong demand for actuators and game console products, achieved net sales of JPY82.9 billion, though operating profit declined YoY due to foreign exchange effects. Meanwhile, the mobility segment experienced lower sales but improved profitability due to structural reforms. The company has revised its H1 earnings forecast upward, anticipating sales of JPY498 billion, an increase of JPY40 billion from the initial forecast, and operating profit of JPY12.1 billion, reflecting early progress in price negotiations and a limited impact from tariffs. Despite uncertainties in H2, ALPS ALPINE remains committed to its medium-term management plan and will continue to monitor the business environment closely.Alps Alpine Co Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.02T | 990.41B | 964.09B | 933.11B | 802.85B |
| Gross Profit | 181.57B | 174.75B | 165.65B | 167.02B | 151.10B |
| EBITDA | 78.90B | 94.06B | 28.10B | 74.88B | 85.09B |
| Net Income | 26.88B | 37.84B | -29.81B | 11.47B | 22.96B |
Balance Sheet | |||||
| Total Assets | 783.15B | 740.72B | 753.99B | 737.00B | 743.52B |
| Cash, Cash Equivalents and Short-Term Investments | 153.61B | 147.94B | 122.67B | 84.17B | 139.73B |
| Total Debt | 92.28B | 101.09B | 129.60B | 122.28B | 121.17B |
| Total Liabilities | 333.75B | 325.20B | 361.16B | 337.21B | 318.21B |
| Stockholders Equity | 447.53B | 414.00B | 391.18B | 398.22B | 389.61B |
Cash Flow | |||||
| Free Cash Flow | 52.32B | 22.78B | 41.83B | -28.36B | -4.88B |
| Operating Cash Flow | 95.93B | 65.82B | 89.17B | 15.41B | 34.30B |
| Investing Cash Flow | -58.40B | -1.68B | -55.09B | -54.20B | -45.51B |
| Financing Cash Flow | -41.13B | -37.30B | -1.81B | -742.00M | -13.54B |
Alps Alpine Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥867.79B | 27.58 | 8.80% | 1.78% | 11.53% | 1.60% | |
68 Neutral | ¥434.01B | 17.01 | 6.28% | 2.86% | 2.28% | -22.89% | |
68 Neutral | ¥5.71T | 24.32 | ― | 1.20% | 21.98% | 57.54% | |
65 Neutral | ¥13.68T | 51.00 | 8.95% | 0.78% | 10.31% | 24.82% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | ¥1.34T | 86.36 | ― | 0.79% | 4.07% | 533.27% | |
49 Neutral | ¥164.01B | 24.49 | 5.10% | 2.44% | 7.73% | -29.74% |
* Technology Sector Average
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Alps Alpine Co Corporate Events
Alps Alpine Unveils ¥30 Billion Share Buyback and Cancellation Plan
Jul 31, 2026
Alps Alpine has approved a significant share buyback and subsequent cancellation of the repurchased shares as part of its shareholder return policy. The move is intended to boost value per share and improve capital efficiency, underscoring managem...
Alps Alpine Posts Quarterly Loss but Keeps Full-Year Outlook and Dividend Plan Intact
Jul 31, 2026
Alps Alpine reported net sales of ¥237.9 billion for the three months ended June 30, 2026, essentially flat year on year, but swung to an operating loss of ¥0.9 billion and widened its net loss to ¥3.6 billion, reflecting margin pre...
Alps Alpine Adjusts Restricted Stock Disposal After Executive Retirement
Jul 24, 2026
Alps Alpine has completed payment procedures for a previously approved disposal of treasury stock used as restricted stock remuneration, while adjusting the number of shares due to a partial forfeiture. The disposal now covers 50,400 shares of com...
Alps Alpine to Grant Restricted Treasury Shares as Long-Term Executive Pay
Jun 25, 2026
Alps Alpine has approved the disposal of 53,400 shares of its treasury stock, valued at approximately ¥111.5 million, to be used as restricted stock compensation for four internal directors and ten executive officers. The shares will be allot...
Alps Alpine Corrects Dividend Disclosure, Confirms Higher Payout for FY2026
May 27, 2026
Alps Alpine Co. has issued a correction to its May 26 announcement on annual dividends from surplus, clarifying the total dividend per share for the fiscal year ended March 31, 2026. The company now states that shareholders will receive a total an...
Alps Alpine Raises Year-End Dividend and Signals Higher Payout for FY 2027
May 26, 2026
Alps Alpine’s board has approved an annual dividend from surplus with a record date of March 31, 2026, setting the year-end dividend at ¥32 per share, up from ¥30 in the previous fiscal year. The total dividend payout will be about...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.