Shindengen Electric Mfg Co Ltd (JP:6844)
:6844
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Shindengen Electric Mfg Co Ltd
(6844)
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Rating:61Neutral
Price Target:
¥3,645.00
▲(8.48% Upside)
Action:Reiterated
Date:05/16/26
The score is driven by improving financial performance but tempered by weak cash-flow conversion and past earnings volatility. Valuation is a key positive (low P/E and ~3.2% yield), while technicals are a notable headwind with the stock trading below major moving averages and weak RSI.
Positive Factors
Revenue recovery and improving profitability
FY2026 revenue rose ~5.3% with net margin ~5.0%, marking a recovery from prior losses. A sustained revenue and margin rebound builds a firmer earnings base, supporting reinvestment, creditor confidence and operational stability over the next several quarters if execution continues.
Negative Factors
Weak cash-flow conversion
Free cash flow was negative in most years and only modestly positive (~1.0B) in FY2026, roughly 15% of net income. Poor cash conversion limits capacity to fund capex, dividends and debt repayment internally, increasing reliance on external financing and raising medium-term execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery and improving profitability
FY2026 revenue rose ~5.3% with net margin ~5.0%, marking a recovery from prior losses. A sustained revenue and margin rebound builds a firmer earnings base, supporting reinvestment, creditor confidence and operational stability over the next several quarters if execution continues.
Read all positive factors
Shindengen Electric Mfg Co Ltd (6844) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥31.28B
Dividend Yield1.95%
Average Volume (3M)45.43K
Price to Earnings (P/E)4.2
Beta (1Y)1.35
Revenue Growth7.56%
EPS GrowthN/A
CountryJP
Employees5,276
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-117.22
Shares Outstanding10,338,884
10 Day Avg. Volume48,200
30 Day Avg. Volume45,433
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.42
Price to Sales (P/S)0.27
P/FCF Ratio32.09
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)358.5
Revenue Forecast (FY)¥122.00B
Shindengen Electric Mfg Co Ltd Business Overview & Revenue Model
Company Description
Established in 1949 and headquartered in Tokyo, Japan, Shindengen Electric Manufacturing Co., Ltd. is a global producer and seller of semiconductors, electrical equipment, and power supply products. The company's reach extends across Japan, Indone...
How the Company Makes Money
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Shindengen Electric Mfg Co Ltd Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
67
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 108.06B | 113.84B | 105.83B | 102.26B | 101.01B | 92.17B |
| Gross Profit | 15.58B | 17.67B | 14.35B | 15.05B | 17.79B | 18.64B |
| EBITDA | 6.07B | 9.43B | 4.00B | 7.32B | 10.04B | 12.62B |
| Net Income | -1.21B | 5.66B | -2.44B | -712.00M | 1.64B | 5.90B |
Balance Sheet | ||||||
| Total Assets | 131.18B | 144.65B | 136.50B | 144.67B | 138.09B | 135.04B |
| Cash, Cash Equivalents and Short-Term Investments | 22.08B | 26.92B | 20.40B | 26.34B | 25.15B | 29.61B |
| Total Debt | 38.02B | 44.35B | 40.28B | 38.90B | 37.53B | 39.88B |
| Total Liabilities | 65.31B | 72.09B | 70.35B | 73.75B | 75.55B | 77.81B |
| Stockholders Equity | 65.87B | 72.56B | 66.14B | 70.92B | 62.54B | 57.23B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 958.00M | -6.80B | -2.24B | -2.18B | -796.00M |
| Operating Cash Flow | 0.00 | 6.32B | -2.18B | 2.21B | 2.74B | 8.29B |
| Investing Cash Flow | 0.00 | -2.12B | -4.53B | -1.78B | -4.09B | -7.91B |
| Financing Cash Flow | 0.00 | 1.90B | -186.00M | -252.00M | -3.55B | 1.27B |
Shindengen Electric Mfg Co Ltd Technical Analysis
Negative
3360.00
Price Trends
3279.48
Negative
3404.39
Negative
3273.02
Negative
Market Momentum
-44.90
Positive
38.95
Neutral
10.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6844, the sentiment is Negative. The current price of 3360 is above the 20-day moving average (MA) of 3255.50, above the 50-day MA of 3279.48, and above the 200-day MA of 3273.02, indicating a bearish trend. The MACD of -44.90 indicates Positive momentum. The RSI at 38.95 is Neutral, neither overbought nor oversold. The STOCH value of 10.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6844.
Shindengen Electric Mfg Co Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥15.78T | 66.70 | 8.95% | 1.88% | 5.02% | 2.02% | |
68 Neutral | ¥46.38B | 12.41 | ― | 4.53% | 5.02% | 354.47% | |
64 Neutral | ¥6.65T | 34.00 | ― | 1.41% | 13.61% | 17.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥31.28B | 4.20 | ― | 1.95% | 7.56% | ― | |
61 Neutral | ¥264.01B | 41.45 | ― | 2.18% | -3.43% | 9.82% | |
51 Neutral | ¥116.72B | 40.51 | 2.26% | ― | 11.52% | 5786.05% |
* Technology Sector Average
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Shindengen Electric Mfg Co Ltd Corporate Events
Shindengen Swings to Profit on Higher Sales and Power Device Reforms
May 14, 2026
Shindengen Electric Mfg Co Ltd reported a 7.6% year-on-year rise in net sales to ¥113.8 billion for FY2025, with operating profit surging to ¥3.85 billion and operating margin improving to 3.4% as all segments remained resilient. The tur...
Shindengen Electric Swings to Profit but Flags Profit Slowdown Despite Higher Sales
May 14, 2026
Shindengen Electric reported a sharp turnaround for the fiscal year ended March 31, 2026, with consolidated net sales rising 7.6% to ¥113.8 billion and profit attributable to owners of the parent swinging from a ¥2.4 billion loss to a &#...
Shindengen Electric Swings Back to Profit on Power Device Reforms
May 14, 2026
Shindengen Electric Mfg Co Ltd reported a strong rebound in earnings for fiscal 2025, as net sales rose 7.6% to ¥113.8 billion and all business segments remained resilient. The company’s operating profit surged to ¥3.8 billion, wit...
Shindengen Swings to Profit, Lifts Dividend After Strong FY2026
May 14, 2026
Shindengen Electric Manufacturing reported a sharp turnaround for the fiscal year ended March 31, 2026, with consolidated net sales rising 7.6% to ¥113.8 billion and profit attributable to owners of the parent swinging to ¥5.7 billion fr...
Shindengen Electric Overhauls Board, Adds New Outside Director
Apr 10, 2026
Shindengen Electric Manufacturing announced planned changes to its board of directors, resolving to appoint former All Nippon Airways Trading senior executive Hideto Osada as a new outside director, effective after shareholder approval on June 26,...
Shindengen Extends Restricted Stock Compensation to Company Officers
Apr 10, 2026
Shindengen Electric Manufacturing has decided to extend its existing restricted stock compensation scheme, previously limited to internal directors, to include company officers who do not concurrently serve as directors. The move is designed to be...
Shindengen Completes Share Buyback After Reaching Authorized Limit
Mar 25, 2026
Shindengen Electric Manufacturing has completed a share buyback program authorized by its board on February 9, 2026, aimed at acquiring its own common shares. The move reflects an active capital policy that may support shareholder value and optimi...
Shindengen Cuts Profit Outlook but Lifts Year-End Dividend
Mar 19, 2026
Shindengen Electric Manufacturing Co., Ltd. is a Japan-based manufacturer in the electronics and power device industry, supplying power semiconductors, power supply units, and related components. Its products serve a range of applications that req...
Shindengen Books ¥600m Extraordinary Loss for Career Design Support Program
Mar 9, 2026
Shindengen Electric Manufacturing has implemented a voluntary Career Design Support Program as part of its human capital management strategy, targeting full-time and second-career employees over 50 with more than 10 years of service. The program o...
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.