Strong ProfitabilitySustained gross and net margins at these levels indicate durable pricing power and operational efficiency in test materials. Higher margins provide room to invest in product development, absorb cyclical downturns, and maintain profitability through semiconductor industry swings, supporting long-term resilience.

Robust Balance SheetVery low leverage and a strong equity base grant financial flexibility to fund capex, R&D, or weather industry volatility without heavy refinancing. A 12.4% ROE shows efficient capital use, enabling strategic investment and cushioning during cyclical troughs in semiconductor demand.

Accelerating Revenue & Margin ImprovementMaterial top-line growth combined with expanding operating margins signals rising product adoption and scalable cost structure. This trend supports sustainable earnings growth, enhances free cash flow potential long-term if converted, and strengthens competitive position in semiconductor test supply chains.

Bears Say

Negative Free Cash FlowNegative free cash flow over recent years constrains the firm's ability to self-fund capex, pay consistent dividends, or pursue M&A without using cash reserves or external financing. Persistent negative FCF would limit strategic flexibility and increases sensitivity to funding conditions.

Weak Cash ConversionLow operating cash conversion implies reported profits are not fully converting to cash, possibly from working capital or elevated capex. Over time, this reduces available liquidity for reinvestment and raises execution risk for growth plans or capital-intensive product support.

Cyclical End-Market ExposureDependence on semiconductor production cycles and customers' capex makes demand inherently volatile. Structural industry cyclicality and shifting test requirements from technology transitions create revenue unpredictability and can compress utilization and margins during downturns.

6855 FAQ

What was Japan Electronic Materials Corporation’s price range in the past 12 months?

Japan Electronic Materials Corporation lowest stock price was ¥1252.00 and its highest was ¥10270.00 in the past 12 months.

What is Japan Electronic Materials Corporation’s market cap?

Japan Electronic Materials Corporation’s market cap is ¥93.74B.

When is Japan Electronic Materials Corporation’s upcoming earnings report date?

Japan Electronic Materials Corporation’s upcoming earnings report date is May 19, 2026 which is in 70 days.

How were Japan Electronic Materials Corporation’s earnings last quarter?

Japan Electronic Materials Corporation released its earnings results on Feb 06, 2026. The company reported ¥139.95 earnings per share for the quarter, beating the consensus estimate of N/A by ¥139.95.

Is Japan Electronic Materials Corporation overvalued?

According to Wall Street analysts Japan Electronic Materials Corporation’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Japan Electronic Materials Corporation pay dividends?

Japan Electronic Materials Corporation pays a Semiannually dividend of ¥30 which represents an annual dividend yield of 1.72%. See more information on Japan Electronic Materials Corporation dividends here

What is Japan Electronic Materials Corporation’s EPS estimate?

Japan Electronic Materials Corporation’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Japan Electronic Materials Corporation have?

Japan Electronic Materials Corporation has 12,666,510 shares outstanding.

What happened to Japan Electronic Materials Corporation’s price movement after its last earnings report?

Japan Electronic Materials Corporation reported an EPS of ¥139.95 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 3.711%.

Which hedge fund is a major shareholder of Japan Electronic Materials Corporation?

Currently, no hedge funds are holding shares in JP:6855

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Japan Electronic Materials Corporation

Japan Electronic Materials Corporation engages in the manufacture and sale of probe cards and electron tube parts in Japan and internationally. The company offers cantilever type and advanced probe cards; and heaters and cathodes for receiving tubes and CRTs, filaments for fluorescent character display tubes, and directly heated cathodes, as well as measuring instruments. It also provides a range of products for displays, which include color TV displays, such as high-definition TV displays; computer displays; measurement displays; and radar displays. In addition, the company is involved in the precision processing and assembly of heat-resistant metals comprising tungsten, molybdenum, and tantalum. Japan Electronic Materials Corporation was founded in 1960 and is headquartered in Amagasaki, Japan.