Shindengen Electric Mfg Co Ltd (6844) AI Stock Analysis

• Market Cap: ¥21.74B
• Dividend Yield: 3.08%
• Average Volume (3M): 45.55K
• 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: 79
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -172.50
• Shares Outstanding: 10,338,884
• 10 Day Avg. Volume: 40,530
• 30 Day Avg. Volume: 45,553
• PEG Ratio: -0.29
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.79
• 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 ▼(-4.77%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 faces financial challenges, with negative profitability and cash flow issues despite moderate revenue growth. The company has a stable balance sheet with acceptable leverage, but operational inefficiencies and cash flow management remain concerns. The financial health is under pressure, requiring strategic improvements to enhance profitability and operational efficiency.

Income Statement

The company has experienced inconsistent revenue growth, with a slight increase of 3.49% from 2024 to 2025. However, it has negative net profit margins, with a worsening trend from -0.70% in 2024 to -2.30% in 2025, indicating profitability challenges. The gross profit margin for 2025 is 13.56%, slightly below industry standards. EBIT and EBITDA margins are also low, demonstrating operational inefficiencies.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.61 in 2025, showing balanced leverage. However, the return on equity is negative, reflecting poor profitability on shareholders' investments. The equity ratio stands at 48.47%, indicating a stable capital structure with a fair portion of assets financed by equity.

Cash Flow

The cash flow statement reveals negative free cash flow growth, highlighting cash management issues, with free cash flow deteriorating significantly from 2024. The operating cash flow to net income ratio is unfavorably negative, suggesting inefficiencies in converting earnings to cash. The free cash flow to net income ratio also indicates challenges in generating cash returns from operations.

Breakdown
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
103.83B	105.83B	102.26B	101.01B	92.17B	80.44B
	Gross Profit
15.00B	14.35B	18.55B	17.79B	18.64B	11.42B
	EBIT
1.01B	129.00M	1.28B	3.62B	5.56B	-1.08B
	EBITDA
7.20B	4.00B	7.32B	10.04B	12.62B	426.00M
	Net Income Common Stockholders
-549.00M	-2.44B	-712.00M	1.64B	5.90B	-5.56B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
27.00B	20.40B	26.34B	25.15B	29.61B	26.65B
	Total Assets
141.57B	136.50B	144.67B	138.09B	135.04B	127.81B
	Total Debt
42.93B	40.28B	38.90B	37.53B	39.88B	38.55B
	Net Debt
15.93B	19.88B	12.56B	12.38B	10.27B	11.91B
	Total Liabilities
73.70B	70.35B	73.75B	75.55B	77.81B	78.39B
	Stockholders Equity
67.87B	66.14B	70.92B	62.54B	57.23B	49.41B
Cash Flow		Free Cash Flow
0.00	-6.80B	-2.24B	-2.18B	-796.00M	-10.00B
	Operating Cash Flow
0.00	-2.18B	2.21B	2.74B	8.29B	-3.62B
	Investing Cash Flow
0.00	-4.53B	-1.78B	-4.09B	-7.91B	-5.67B
	Financing Cash Flow
0.00	-186.00M	-252.00M	-3.55B	1.27B	9.94B

Shindengen Electric Mfg Co Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2075.00
• 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 Neutral. The current price of 2075 is above the 20-day moving average (MA) of 2005.10, above the 50-day MA of 1971.24, and below the 200-day MA of 2272.00, indicating a neutral trend. The MACD of 14.76 indicates Negative momentum. The RSI at 52.34 is Neutral, neither overbought nor oversold. The STOCH value of 75.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	9.87		3.86%	6.94%	13.27%
6800	74 Outperform	¥28.95B	12.42		3.86%	7.79%	47.38%
6848	73 Outperform	¥15.89B	14.21		2.75%	3.52%	-14.02%
6864	73 Outperform	¥9.93B	22.04		2.26%	-3.36%	39.15%
Sector *	62 Neutral	$11.97B	10.08	-7.46%	2.96%	7.37%	-8.22%
6844	46 Neutral	¥21.74B	―		3.08%	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.