Japan Electronic Materials Corporation (JP:6855)
:6855
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Japan Electronic Materials Corporation
(6855)
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Rating:72Outperform
Price Target:
¥8,836.00
▲(129.80% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by improved financial performance and a solid balance sheet, tempered by free-cash-flow volatility. Technically, the stock is in an established uptrend with balanced momentum. Valuation is reasonable on earnings with a modest dividend yield.
Positive Factors
Recurring consumables business
The core business sells probe cards plus ongoing replacement and refurbishment, creating recurring revenue tied to wafer test volumes. This consumables-like demand provides structural revenue durability across device ramps and steady service-related repeat orders.
Negative Factors
Free cash flow volatility
Inconsistent FCF driven by capex and working-capital swings makes shareholder returns and discretionary investments less predictable. Over a 2–6 month horizon, this volatility can constrain buybacks, dividends, or timely strategic spending despite accounting profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables business
The core business sells probe cards plus ongoing replacement and refurbishment, creating recurring revenue tied to wafer test volumes. This consumables-like demand provides structural revenue durability across device ramps and steady service-related repeat orders.
Read all positive factors
Japan Electronic Materials Corporation (6855) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥112.79B
Dividend Yield1.72%
Average Volume (3M)388.46K
Price to Earnings (P/E)18.5
Beta (1Y)1.83
Revenue Growth23.24%
EPS Growth55.74%
CountryJP
Employees1,084
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)282.94
Shares Outstanding14,663,510
10 Day Avg. Volume386,270
30 Day Avg. Volume388,460
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)1.49
Price to Sales (P/S)2.27
P/FCF Ratio29.81
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)371.5
Revenue Forecast (FY)¥31.00B
Japan Electronic Materials Corporation Business Overview & Revenue Model
Company Description
Established in 1960 and based in Amagasaki, Japan, Japan Electronic Materials Corporation is a global manufacturer and seller of essential components for the electronics industry. The company produces various types of probe cards, including advanc...
How the Company Makes Money
The company makes money mainly by selling semiconductor wafer test consumables—especially probe cards—to customers in the semiconductor industry. Revenue is generated on a per-order basis from (1) new probe card sales for specific device designs/n...
Japan Electronic Materials Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.27B | 29.37B | 23.83B | 17.46B | 20.78B | 23.60B |
| Gross Profit | 9.98B | 12.66B | 9.35B | 5.19B | 7.34B | 8.93B |
| EBITDA | 6.08B | 8.77B | 5.86B | 2.11B | 4.60B | 6.14B |
| Net Income | 3.57B | 5.45B | 3.45B | 622.00M | 2.61B | 3.80B |
Balance Sheet | ||||||
| Total Assets | 37.80B | 58.48B | 39.86B | 35.08B | 32.96B | 33.21B |
| Cash, Cash Equivalents and Short-Term Investments | 13.71B | 27.15B | 12.19B | 14.25B | 12.81B | 11.87B |
| Total Debt | 5.50B | 7.54B | 5.88B | 5.66B | 4.18B | 5.19B |
| Total Liabilities | 9.75B | 13.60B | 11.94B | 10.41B | 8.72B | 11.42B |
| Stockholders Equity | 28.05B | 44.88B | 27.91B | 24.67B | 24.24B | 21.79B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.24B | -1.66B | 397.00M | 2.43B | 3.89B |
| Operating Cash Flow | 0.00 | 5.76B | 1.80B | 2.31B | 3.35B | 4.81B |
| Investing Cash Flow | 0.00 | -3.66B | -3.58B | -2.20B | -849.00M | -562.00M |
| Financing Cash Flow | 0.00 | 12.71B | -514.00M | 879.00M | -1.58B | 947.00M |
Japan Electronic Materials Corporation Technical Analysis
Positive
3845.00
Price Trends
7054.00
Positive
6704.63
Positive
5116.41
Positive
Market Momentum
28.99
Positive
54.50
Neutral
43.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6855, the sentiment is Positive. The current price of 3845 is below the 20-day moving average (MA) of 7483.00, below the 50-day MA of 7054.00, and below the 200-day MA of 5116.41, indicating a bullish trend. The MACD of 28.99 indicates Positive momentum. The RSI at 54.50 is Neutral, neither overbought nor oversold. The STOCH value of 43.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6855.
Japan Electronic Materials Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥578.47B | 39.49 | ― | 1.02% | 32.81% | 59.74% | |
72 Outperform | ¥112.79B | 18.48 | ― | 1.72% | 23.24% | 55.74% | |
72 Outperform | ¥315.52B | 33.94 | ― | 3.09% | 11.04% | -3.91% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥478.83B | 28.40 | 5.77% | 3.28% | 5.30% | -4.93% | |
56 Neutral | ¥1.28T | -54.90 | ― | 1.14% | 0.75% | -230.21% | |
47 Neutral | ¥3.39T | 0.80 | ― | 1.00% | 23.74% | 53.54% |
* Technology Sector Average
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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.