Top Page
Shindengen Electric Mfg Co Ltd
(6844)
Shindengen Electric Mfg Co Ltd (6844) vs. iShares MSCI Japan ETF (EWJ)
Shindengen Electric Mfg Co Ltd Business Overview & Revenue Model
Shindengen Electric Mfg Co Ltd Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 108.06B | 105.83B | 102.26B | 101.01B | 92.17B | 80.44B |
| Gross Profit | 15.58B | 14.35B | 15.05B | 17.79B | 18.64B | 11.42B |
| EBITDA | 6.07B | 4.00B | 7.32B | 10.04B | 12.62B | 426.00M |
| Net Income | -1.21B | -2.44B | -712.00M | 1.64B | 5.90B | -5.56B |
Balance Sheet | ||||||
| Total Assets | 131.18B | 136.50B | 144.67B | 138.09B | 135.04B | 127.81B |
| Cash, Cash Equivalents and Short-Term Investments | 22.08B | 20.40B | 26.34B | 25.15B | 29.61B | 26.65B |
| Total Debt | 38.32B | 40.28B | 38.90B | 37.53B | 39.88B | 38.55B |
| Total Liabilities | 65.31B | 70.35B | 73.75B | 75.55B | 77.81B | 78.39B |
| Stockholders Equity | 65.87B | 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
Shindengen Electric Mfg Co Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥33.01B | 16.29 | ― | 2.89% | 6.15% | 2.98% | |
77 Outperform | ¥61.63B | 13.52 | ― | 1.12% | 14.84% | 7.57% | |
74 Outperform | ¥77.62B | 38.22 | ― | 2.20% | 4.75% | 164.54% | |
73 Outperform | ¥19.10B | 24.04 | ― | 2.59% | 1.66% | -12.21% | |
63 Neutral | ¥10.41B | -378.65 | ― | 2.85% | 10.27% | -106.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | ¥42.98B | 11.20 | ― | 1.95% | 6.10% | ― |
Shindengen Electric Mfg Co Ltd Corporate Events
Shindengen Electric Manufacturing has repurchased 70,000 of its own common shares for about 278.95 million yen, at 3,985 yen per share, via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system on February 10, 2026. This move is part of a broader share buyback program authorized by the board on February 9, 2026, allowing up to 140,000 shares, or 1.4% of outstanding shares excluding treasury stock, to be bought back for up to 690 million yen by April 30, 2026, with remaining purchases to be executed on the auction market depending on conditions.
The ongoing share repurchase underscores the company’s capital allocation strategy and may signal management’s confidence in its valuation and future prospects. For shareholders, the buyback has the potential to enhance earnings per share and support the stock price, although the company notes that market conditions could limit the full execution of the authorized amount.
The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3544.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Manufacturing Co., Ltd. has set the specific method for a previously approved share buyback, opting to repurchase up to 84,000 of its common shares, worth a maximum of ¥350 million, via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system at the February 9, 2026 closing price of ¥3,985. The ToSTNeT-3 transaction is scheduled for 8:45 a.m. on February 10, 2026, and may be partially or not at all executed depending on market conditions.
Following this off-auction repurchase, Shindengen plans to continue buying back its shares on the Tokyo Stock Exchange auction market under a discretionary trading contract, within the broader framework approved by its board to acquire up to 140,000 shares, or about 1.4% of shares outstanding, for a maximum of ¥690 million through April 31, 2026. The program underscores the company’s active capital management and could support shareholder value by reducing the number of shares in circulation if executed in full.
The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3544.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Manufacturing Co., Ltd. has approved a share buyback program under Japan’s Companies Act, aiming to enhance capital efficiency and allow flexible capital policy management. The company also plans to use repurchased shares for stock-based compensation and share grant programs that are intended to strengthen incentives for officers and employees and support medium- to long-term value creation.
The authorization allows the repurchase of up to 140,000 common shares, representing about 1.4% of shares outstanding, for a maximum total cost of 690 million yen between February 10 and April 30, 2026. Purchases will be conducted via ToSTNeT-3 off-auction own share repurchases and discretionary market trades, with management noting that execution may be adjusted depending on market conditions, potentially affecting the final scale of the buyback and its impact on existing shareholders.
The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3544.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Manufacturing Co., Ltd. reported non-operating income in the third quarter of its fiscal year ending March 31, 2026, driven by foreign exchange gains arising from the revaluation of foreign currency-denominated assets and liabilities. The company posted foreign exchange gains of 501 million yen in the quarter, which, after offsetting a 128 million yen foreign exchange loss recorded in the second quarter, resulted in net foreign exchange gains of 373 million yen for the third quarter.
These foreign exchange gains have already been incorporated into Shindengen’s consolidated financial results for the nine months ended December 31, 2025, prepared under Japanese GAAP. The recognition of this non-operating income provides a short-term boost to the company’s earnings profile, reflecting currency movements rather than changes in core operations, and may influence stakeholders’ assessment of its interim profitability and financial performance volatility.
The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3544.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Manufacturing revised its consolidated earnings forecast for the fiscal year ending March 31, 2026, raising expectations for net sales, operating profit, ordinary profit, and profit attributable to owners of the parent. The company now projects net sales of ¥111.7 billion, operating profit of ¥3.5 billion, ordinary profit of ¥4.2 billion, and profit attributable to owners of the parent of ¥5.8 billion, a sharp turnaround from the previous year’s loss.
The revision reflects robust performance in the Power Unit and Power Systems & Solutions businesses, which are offsetting weaker-than-expected recovery in the industrial machinery market and higher raw material costs affecting the Power Device Business. Earnings are also boosted by a weaker yen and gains on the sale of investment securities, while the impact of a recently completed power device share acquisition and a domestic career design support program is still under review and not yet factored into the forecast.
The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3544.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Mfg Co Ltd reported strong results for the first nine months of FY2025, with net sales rising 8.0% year on year to 83.8 billion yen and operating profit surging more than threefold, lifting the operating margin from 1.0% to 3.7%. All three segments posted solid sales gains, while the company also booked about 2.8 billion yen in extraordinary income from selling investment securities and updated its segment classifications, signaling both operational improvement and portfolio reshaping.
Ordinary profit jumped 583.5% to 3.9 billion yen and profit attributable to owners of the parent swung from a 656 million yen loss to 5.6 billion yen in profit, marking a sharp turnaround in earnings. The company also reported a slight year-on-year weakening of the yen against the dollar on a non-consolidated basis, a factor that can affect its cost structure and export competitiveness, but the overall performance points to improved profitability and stronger financial footing going into the remainder of the fiscal year.
The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3544.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Manufacturing reported a solid rebound in performance for the nine months ended December 31, 2025, with net sales rising 8.0% year on year to ¥83,807 million and operating profit surging over fourfold to ¥3,117 million. Ordinary profit climbed 583.5% to ¥3,884 million and profit attributable to owners of parent swung to a ¥5,623 million gain from a loss a year earlier, driving basic earnings per share to ¥544.90.
The company’s financial position remained sound, with total assets increasing to ¥147,709 million and net assets to ¥69,781 million, although the capital adequacy ratio edged down to 47.2%. For the full year to March 31, 2026, Shindengen revised its earnings forecast, now projecting net sales of ¥111,700 million and profit attributable to owners of parent of ¥5,800 million, and it plans to maintain a stable dividend policy with a forecast year-end dividend of ¥65 per share.
The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3544.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Manufacturing has announced a reshuffle of its leadership effective April 1, 2026, promoting directors and officers and redefining responsibilities across key corporate functions. Director and Executive Officer Masahiro Sasaki will expand his remit to oversee technology, monozukuri, DX, information systems, personnel, and administration, while Director and Senior Officer Satoshi Hatori will be responsible for sales, corporate planning, and environmental management, signaling a stronger integration of commercial strategy and sustainability. In addition, development division heads Yuji Watanabe and Gakuji Udagawa are being elevated to officer status to reinforce leadership in the Power Device and Power Unit Division Groups, and DX and environmental oversight will be reorganized following the retirement of Officer Takahiro Ohnishi, who becomes a corporate advisor. The new governance lineup, including existing outside directors and audit and supervisory board members, is designed to strengthen internal controls, risk management, and technological and operational capabilities as the company pursues growth in its core power electronics businesses.
The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3383.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Manufacturing has approved the introduction of a Career Design Support Program in Japan as part of its broader human capital management strategy to support its Long Term Vision 2030. The initiative is designed to expand career development options and encourage new challenges for employees, particularly by targeting full-time staff aged over 50 with more than 10 years of service and second-career employees, offering special additional severance payments and professional reemployment support. The program, which is expected to cover around 50 employees applying between January 27 and February 26, 2026, with retirements effective March 20, 2026, will result in additional expenses related to severance and reemployment services for the fiscal year ending March 2026, though the precise financial impact remains undetermined and has not yet led to a revision of the company’s full-year earnings forecast.
The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3383.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Manufacturing has completed the acquisition of all shares in a newly established power device business company that took over Kyocera Corporation’s power equipment operations, in line with its mid-term growth strategy emphasizing M&A and capital efficiency. The new subsidiary, renamed Hadano Shindengen Co., Ltd. and based in Kanagawa Prefecture, will manufacture power semiconductor products centered on silicon diodes, enabling Shindengen to rapidly expand its power device product lineup, advance R&D, and pursue market share gains and stronger competitiveness, backed by an approximately ¥2.5 billion cash transaction with Kyocera as the counterparty.
The most recent analyst rating on (JP:6844) stock is a Hold with a Yen3557.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Manufacturing Co., Ltd. announced the sale of a portion of its investment securities, resulting in an extraordinary income of 2,461 million yen. This move aligns with the company’s strategy to reduce strategic shareholdings and improve asset efficiency, and the gain will be recorded in the financial statements for the nine months ending December 31, 2025.
The most recent analyst rating on (JP:6844) stock is a Hold with a Yen3557.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.
Shindengen Electric Mfg Co Ltd announced its decision to sell a portion of its investment securities to align with the Corporate Governance Code and enhance asset efficiency. This sale is expected to generate an extraordinary income of approximately 2.3 billion yen, which will be recorded in the company’s financial statements for the nine months ending December 31, 2025.
The most recent analyst rating on (JP:6844) stock is a Hold with a Yen3557.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.