Shindengen Electric Mfg Co Ltd (6844) AI Stock Analysis

• Market Cap: ¥21.13B
• Dividend Yield: 3.17%
• Average Volume (3M): 45.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: 3.49%
• EPS Growth: -241.98%
• Country: JP
• Employees: 5,276
• Sector: Technology
• Sector Strength: 82
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -172.50
• Shares Outstanding: 10,338,884
• 10 Day Avg. Volume: 37,030
• 30 Day Avg. Volume: 45,800
• PEG Ratio: -1.13
• Price to Book (P/B): 0.32
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: ¥1,976.00 ▼(-3.23%Downside)

The overall stock score reflects significant financial performance challenges, particularly in profitability and cash flow management. Technical analysis shows mixed signals with a slight bearish tendency. Valuation is impacted by negative earnings, though the dividend yield provides some offset. The absence of earnings call data and corporate events leaves these areas unassessed.

Shindengen Electric Mfg Co Ltd Business Overview & Revenue Model

Company Description

Shindengen Electric Mfg Co Ltd (6844) is a Japan-based company specializing in the development, manufacture, and distribution of electronic components, power systems, and semiconductor devices. The company's diverse product portfolio includes power supplies, voltage regulators, rectifiers, and automotive electronics. Shindengen operates across several sectors, including the automotive, telecommunications, and industrial equipment industries, providing solutions that enhance energy efficiency and performance.

How the Company Makes Money

Shindengen Electric Mfg Co Ltd generates revenue through the sale of its electronic components and systems to a wide range of industries. The company's key revenue streams include the automotive sector, where it supplies components for electric vehicles and automotive electronics; the telecommunications sector, where it provides power supply solutions; and the industrial sector, where its products are used in various machinery and equipment. Shindengen's earnings are also bolstered by strategic partnerships and collaborations with other technology companies, enabling it to expand its market reach and enhance its product offerings. The company's focus on innovation and energy-efficient solutions further contributes to its revenue by meeting the growing demand for sustainable technologies.

Shindengen Electric Mfg Co Ltd Financial Statement Overview

Summary

Shindengen Electric Mfg Co Ltd presents a mixed financial picture. While there is some growth in revenue, profitability remains a concern with negative net income and declining margins. The balance sheet shows moderate leverage with a stable equity base, but cash flow challenges are evident, particularly in generating free cash flow. The company faces risks from its current profitability and cash flow issues, which need addressing for improved financial health.

Income Statement

The company shows a mixed performance in revenue growth, with a slight increase in TTM revenue compared to the previous annual period, but has struggled with profitability, as evidenced by negative net income and declining EBIT and EBITDA margins in the TTM period. This suggests challenges in controlling costs or competitive pressures impacting pricing.

Balance Sheet

The balance sheet reflects a moderate financial structure with a stable equity base, but a relatively high debt-to-equity ratio indicates potential leverage concerns. However, the equity ratio remains healthy, suggesting that the company maintains a reasonable level of equity compared to its total assets.

Cash Flow

The cash flow statement highlights challenges in generating free cash flow, with significant capital expenditures impacting free cash flow metrics. Zero operating cash flow in the TTM period raises concerns about cash generation from core operations, despite prior periods showing positive operating cash flow.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
103.83B	102.26B	101.01B	92.17B	80.44B	92.97B
	Gross Profit
15.00B	18.55B	17.79B	18.64B	11.42B	14.55B
	EBIT
1.01B	1.28B	3.62B	5.56B	-1.08B	1.76B
	EBITDA
7.20B	7.32B	10.04B	12.62B	426.00M	6.50B
	Net Income Common Stockholders
-549.00M	-712.00M	1.64B	5.90B	-5.56B	-4.16B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
27.00B	26.34B	25.15B	29.61B	26.65B	26.34B
	Total Assets
141.57B	144.67B	138.09B	135.04B	127.81B	121.56B
	Total Debt
42.93B	38.90B	37.53B	39.88B	38.55B	27.23B
	Net Debt
15.93B	12.56B	12.38B	10.27B	11.91B	897.00M
	Total Liabilities
73.70B	73.75B	75.55B	77.81B	78.39B	68.35B
	Stockholders Equity
67.87B	70.92B	62.54B	57.23B	49.41B	53.21B
Cash Flow		Free Cash Flow
0.00	-2.24B	-2.18B	-796.00M	-10.00B	-3.43B
	Operating Cash Flow
0.00	2.21B	2.74B	8.29B	-3.62B	5.83B
	Investing Cash Flow
0.00	-1.78B	-4.09B	-7.91B	-5.67B	-9.65B
	Financing Cash Flow
0.00	-252.00M	-3.55B	1.27B	9.94B	-2.33B

Shindengen Electric Mfg Co Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2042.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6844, the sentiment is Positive. The current price of 2042 is above the 20-day moving average (MA) of 2008.00, above the 50-day MA of 1977.36, and below the 200-day MA of 2280.94, indicating a neutral trend. The MACD of 3.18 indicates Negative momentum. The RSI at 55.38 is Neutral, neither overbought nor oversold. The STOCH value of 77.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6844.

Shindengen Electric Mfg Co Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6850	79 Outperform	¥19.73B	9.94		3.45%	6.94%	13.27%
6800	78 Outperform	¥28.44B	12.77		3.93%	7.79%	47.38%
6848	73 Outperform	¥15.89B	14.22		2.72%	3.52%	-14.02%
6864	71 Outperform	¥9.09B	20.17		2.47%	-3.36%	39.15%
Sector *	62 Neutral	$11.90B	10.64	-7.50%	2.90%	7.41%	-8.19%
6844	46 Neutral	¥21.13B	―		3.17%	3.49%	-241.98%

Shindengen Electric Mfg Co Ltd Corporate Events

Shindengen Electric Unveils 17th Medium Term Business Plan

Shindengen Electric Manufacturing Co., Ltd. has announced its 17th Medium Term Business Plan for 2025-2027, aiming to establish a solid business foundation and improve capital efficiency. The plan includes organizational restructuring, enhancing profitability in the Power Device Business, and focusing on growth sectors such as electrification. The company will prioritize the Indian market and promote sustainability management, with strategic resource allocation to achieve a PBR of 1 or more by 2027.

Shindengen Electric Updates Takeover Response Policies and Strategic Plans

Shindengen Electric Manufacturing Co., Ltd. has announced an update to its policy for handling large-scale share purchases, known as the Takeover Response Policies. This update, pending shareholder approval in June 2025, aims to secure and improve corporate value and shareholder interests. The company is also focusing on its Long-term Vision 2030 and the 17th Medium Term Business Plan, emphasizing sustainability, profitability, and market expansion, particularly in India.

Shindengen Electric Acquires New Subsidiary to Boost Power Electronics Business

Shindengen Electric Manufacturing Co., Ltd. announced its decision to acquire all shares of a newly established company spun off from Kyocera Corporation’s power electronic device business, making it a subsidiary. This strategic move aligns with Shindengen’s mid-term business plan to strengthen its business foundation and improve capital efficiency, aiming to expand its product lineup, enhance R&D, and increase market share, ultimately driving sustainable growth and corporate value.

Shindengen Electric Reports Extraordinary Losses Amid Structural Reforms

Shindengen Electric Mfg Co Ltd reported extraordinary losses of ¥1,034 million due to structural reforms in its Electronic Device Business, driven by economic slowdowns and increased costs. Despite these losses, the company recorded deferred tax assets of ¥602 million, improving its net loss forecast. The discrepancy between the forecast and actual results was mainly due to foreign currency revaluation, but the impact on consolidated results was minimal.

Shindengen Electric Reports Fiscal Year 2025 Financial Results Amid Challenges

Shindengen Electric Manufacturing Co., Ltd reported its consolidated financial results for the fiscal year ending March 31, 2025, showing a slight increase in net sales by 3.5% to 105,830 million yen. However, the company faced significant challenges with a sharp decline in operating profit by 89.9% and a net loss attributable to owners of the parent amounting to 2,436 million yen. The company’s financial position weakened with a decrease in total assets and net assets. Despite these setbacks, the company forecasts a recovery in the fiscal year ending March 31, 2026, with expected increases in net sales and profits.