Meiko Electronics Co., Ltd. (JP:6787)
:6787
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Meiko Electronics Co., Ltd.
(6787)
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Rating:81Outperform
Price Target:
¥33,021.00
▲(208.32% Upside)
Action:ReiteratedDate:03/10/26
The score is driven primarily by strong technical momentum and solid financial performance (growth and improving margins). Reasonable valuation supports the rating, while negative free cash flow is the main financial risk moderating the overall score.
Positive Factors
Revenue & Margin Expansion
Sustained double-digit revenue growth alongside rising gross, EBIT and net margins indicates structural demand and improving operating leverage. For an EMS/PCB maker, margin expansion signals better product mix, cost controls and pricing power that should support durable profit improvement over the next several quarters.
Negative Factors
Negative Free Cash Flow
Negative free cash flow indicates capex or working-capital needs outpacing operating cash generation after investments. If sustained, it can force external financing, limit strategic investments, or pressure dividends. Reversing negative FCF is necessary for durable financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Expansion
Sustained double-digit revenue growth alongside rising gross, EBIT and net margins indicates structural demand and improving operating leverage. For an EMS/PCB maker, margin expansion signals better product mix, cost controls and pricing power that should support durable profit improvement over the next several quarters.
Read all positive factors
Meiko Electronics Co., Ltd. (6787) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥735.67B
Dividend Yield0.76%
Average Volume (3M)135.33K
Price to Earnings (P/E)12.8
Beta (1Y)1.54
Revenue Growth15.02%
EPS Growth46.62%
CountryJP
Employees11,912
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)206.67
Shares Outstanding26,803,320
10 Day Avg. Volume124,390
30 Day Avg. Volume135,333
Financial Highlights & Ratios
PEG Ratio0.36
Price to Book (P/B)1.62
Price to Sales (P/S)0.85
P/FCF Ratio-63.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)781.96
Revenue Forecast (FY)¥236.84B
Meiko Electronics Co., Ltd. Business Overview & Revenue Model
Company Description
Meiko Electronics Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards (PCBs) and auxiliary electronics in Japan, rest of Asia, North America, Europe, and internationally. Its principal products include double-sided/mul...
How the Company Makes Money
Meiko primarily makes money by manufacturing and selling printed circuit boards (PCBs) and, where contracted, providing related assembly/manufacturing services to customer companies. Revenue is generated mainly through (1) product sales of PCBs—cu...
Meiko Electronics Co., Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
75
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 212.87B | 206.81B | 179.46B | 167.28B | 151.28B | 119.26B |
| Gross Profit | 42.93B | 39.78B | 30.55B | 26.02B | 27.39B | 17.52B |
| EBITDA | 33.78B | 33.67B | 26.85B | 21.83B | 21.29B | 13.19B |
| Net Income | 15.64B | 14.92B | 11.31B | 8.85B | 11.45B | 4.64B |
Balance Sheet | ||||||
| Total Assets | 280.37B | 256.37B | 229.96B | 202.39B | 168.33B | 142.04B |
| Cash, Cash Equivalents and Short-Term Investments | 33.64B | 23.15B | 21.60B | 17.58B | 10.70B | 12.37B |
| Total Debt | 113.34B | 87.57B | 79.26B | 75.79B | 67.00B | 68.31B |
| Total Liabilities | 166.06B | 140.76B | 124.50B | 117.92B | 109.64B | 101.43B |
| Stockholders Equity | 106.90B | 108.24B | 98.18B | 77.32B | 58.49B | 40.42B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.74B | 1.91B | -3.14B | 2.14B | -1.88B |
| Operating Cash Flow | 0.00 | 21.66B | 23.36B | 15.71B | 13.97B | 7.85B |
| Investing Cash Flow | 0.00 | -24.33B | -21.59B | -22.07B | -11.79B | -9.49B |
| Financing Cash Flow | 0.00 | 4.14B | 681.00M | 12.99B | -4.73B | -618.00M |
Meiko Electronics Co., Ltd. Technical Analysis
Positive
10710.00
Price Trends
19420.60
Positive
15004.60
Positive
11698.02
Positive
Market Momentum
2286.70
Negative
68.57
Neutral
79.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6787, the sentiment is Positive. The current price of 10710 is below the 20-day moving average (MA) of 25035.50, below the 50-day MA of 19420.60, and below the 200-day MA of 11698.02, indicating a bullish trend. The MACD of 2286.70 indicates Negative momentum. The RSI at 68.57 is Neutral, neither overbought nor oversold. The STOCH value of 79.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6787.
Meiko Electronics Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥735.67B | 12.76 | ― | 0.76% | 15.02% | 46.62% | |
78 Outperform | ¥436.75B | 9.21 | 11.96% | 3.04% | 2.70% | ― | |
78 Outperform | ¥701.31B | 15.50 | 8.07% | 2.85% | 11.18% | -0.75% | |
74 Outperform | ¥72.03B | 12.79 | ― | 2.20% | 4.75% | 164.54% | |
70 Outperform | ¥81.55B | 10.57 | ― | 3.05% | 10.79% | 12.28% | |
64 Neutral | ¥162.28B | 29.59 | 5.91% | 2.39% | -3.24% | -25.21% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Meiko Electronics Co., Ltd. Corporate Events
Meiko Electronics Reshapes Executive Team to Bolster Global PCB Operations
Mar 24, 2026
Meiko Electronics announced a series of executive officer changes effective April 1, 2026, including new appointments and role adjustments in its PCB business, overseas operations, and headquarters functions. The moves elevate key managers with ex...
Meiko Electronics to Acquire NFCL to Bolster EMS and Advanced Electronics Portfolio
Mar 13, 2026
Meiko Electronics will acquire all shares of NAGANO FCL COMPONENTS LIMITED from FCL COMPONENTS LIMITED, turning it into a wholly owned subsidiary and thereby taking over FCL’s electronic manufacturing services business. This move brings in a...
Meiko Electronics Issues FY2025 Financial Results Briefing with Risk Cautions
Feb 6, 2026
Meiko Electronics has released a briefing for its FY2025 financial results, noting that the materials provided include forward-looking statements based on current assumptions and information rather than historical facts. The company underscores th...
Meiko Electronics Lifts FY2025 Earnings and Dividend Forecast on Strong HDI PCB Demand
Feb 6, 2026
Meiko Electronics has raised its full‑year fiscal 2025 consolidated earnings forecast, projecting net sales of ¥235 billion and net profit attributable to owners of the parent of ¥20 billion, up 5.4% and 11.1% respectively from its...
Meiko Electronics Lifts Earnings and Dividend Outlook on Strong Nine-Month Results
Feb 6, 2026
Meiko Electronics reported strong consolidated results for the nine months ended 31 December 2025, with net sales up 13.4% year on year to ¥172.0 billion and profit attributable to owners of parent rising 17.7% to ¥14.8 billion, alongsid...
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.