Espec Corp. (JP:6859)
:6859
Top Page
Espec Corp.
(6859)
Select Model
Select Model
Rating:75Outperform
Price Target:
¥4,303.00
▲(28.26% Upside)
Action:ReiteratedDate:10/17/25
Espec Corp. receives a strong overall score driven by its robust financial performance, characterized by solid revenue growth, strong margins, and effective cash flow management. The stock's valuation is reasonable with a good dividend yield, adding to its attractiveness. Technical indicators suggest moderate momentum, supporting a positive outlook.
Positive Factors
Low leverage & strong equity base
Extremely low leverage and a high equity ratio give Espec durable financial flexibility: it can fund R&D, capex and service operations internally, sustain operations through downturns, and avoid refinancing risk—supporting steady long-term execution and shareholder stability.
Negative Factors
End-market cyclicality exposure
Heavy exposure to R&D and capex cycles in semiconductor, automotive and electronics end-markets makes revenue lumpy and tied to customer investment timing. Over a multi-quarter horizon this cyclicality can produce pronounced swings in order intake and margin absorption for capital equipment vendors.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & strong equity base
Extremely low leverage and a high equity ratio give Espec durable financial flexibility: it can fund R&D, capex and service operations internally, sustain operations through downturns, and avoid refinancing risk—supporting steady long-term execution and shareholder stability.
Read all positive factors
Espec Corp. (6859) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥67.90B
Dividend Yield3.12%
Average Volume (3M)69.88K
Price to Earnings (P/E)13.0
Beta (1Y)1.09
Revenue Growth2.78%
EPS Growth-5.32%
CountryJP
Employees1,775
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)64.61
Shares Outstanding23,781,393
10 Day Avg. Volume67,030
30 Day Avg. Volume69,880
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)0.92
Price to Sales (P/S)0.77
P/FCF Ratio22.98
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)259.4
Revenue Forecast (FY)¥68.20B
Espec Corp. Business Overview & Revenue Model
Company Description
Espec Corp. manufactures and sells environmental test chambers worldwide. It operates through three segments: Equipment Business, Service Business, and Other Business. The company offers temperature and humidity chambers/rapid-rate thermal cycle c...
How the Company Makes Money
Espec Corp. generates revenue through the sale of its specialized environmental testing equipment and related services. The company's primary revenue streams include the direct sale of test chambers and systems, which are often customized to meet ...
Espec Corp. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
75
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 65.92B | 67.29B | 62.13B | 52.89B | 41.85B | 38.67B |
| Gross Profit | 23.13B | 23.73B | 21.80B | 17.83B | 13.90B | 13.35B |
| EBITDA | 8.97B | 9.50B | 8.30B | 5.83B | 3.37B | 3.70B |
| Net Income | 5.35B | 6.00B | 4.97B | 3.33B | 1.91B | 1.96B |
Balance Sheet | ||||||
| Total Assets | 73.38B | 75.85B | 78.23B | 67.18B | 61.92B | 58.61B |
| Cash, Cash Equivalents and Short-Term Investments | 13.56B | 12.77B | 16.80B | 14.30B | 16.16B | 17.30B |
| Total Debt | 73.00M | 1.05B | 5.30B | 712.00M | 958.00M | 1.22B |
| Total Liabilities | 17.93B | 19.15B | 25.52B | 20.00B | 16.33B | 13.62B |
| Stockholders Equity | 55.45B | 56.69B | 52.72B | 46.95B | 45.38B | 44.98B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.26B | 498.00M | 947.00M | 1.34B | 1.33B |
| Operating Cash Flow | 0.00 | 4.45B | 2.74B | 1.92B | 2.02B | 3.04B |
| Investing Cash Flow | 0.00 | -1.15B | -3.78B | -1.06B | -932.00M | -2.03B |
| Financing Cash Flow | 0.00 | -7.25B | 2.80B | -2.90B | -2.83B | -1.50B |
Espec Corp. Technical Analysis
Negative
3355.00
Price Trends
3582.20
Negative
3474.05
Negative
3346.90
Negative
Market Momentum
-135.89
Positive
28.69
Positive
2.92
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6859, the sentiment is Negative. The current price of 3355 is below the 20-day moving average (MA) of 3528.00, below the 50-day MA of 3582.20, and above the 200-day MA of 3346.90, indicating a bearish trend. The MACD of -135.89 indicates Positive momentum. The RSI at 28.69 is Positive, neither overbought nor oversold. The STOCH value of 2.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6859.
Espec Corp. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥26.12B | 13.32 | ― | 2.89% | 6.15% | 2.98% | |
79 Outperform | ¥98.94B | 15.13 | ― | 3.23% | 7.28% | 4.16% | |
78 Outperform | $757.93B | 18.06 | 11.99% | 0.65% | 8.50% | 14.06% | |
75 Outperform | ¥67.90B | 12.98 | ― | 3.12% | 2.78% | -5.32% | |
75 Outperform | ¥13.30B | 11.72 | ― | 5.39% | 6.45% | 26.58% | |
73 Outperform | ¥18.22B | 18.81 | ― | 2.93% | -1.58% | 12.24% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:6859
Espec Corp.
3,125.00
708.00
29.29%
JP:6856
Horiba
18,400.00
8,276.76
81.76%
JP:6850
Chino Corporation
1,499.00
499.94
50.04%
JP:6853
Kyowa Electronic Instruments Co., Ltd.
733.00
266.31
57.06%
JP:6863
Nireco Corporation
2,134.00
385.57
22.05%
JP:6866
Hioki E.E.Corporation
7,350.00
321.68
4.58%
Espec Corp. Corporate Events
Espec Posts Softer Nine-Month Profit but Ups Dividend and Sticks to Full-Year Outlook
Feb 12, 2026
Espec Corp. reported consolidated net sales of ¥47.1 billion for the nine months to December 31, 2025, a modest 1.7% year-on-year increase, while operating profit fell 12.9% to ¥4.28 billion and profit attributable to owners slid 13.6% t...
Espec Launches J-ESOP, Allocates Treasury Shares to New Employee Stock Trust
Feb 12, 2026
Espec Corp. has approved the introduction of a Stock Benefit Trust (J-ESOP) to grant company shares and equivalent cash benefits to employees in management assistant positions, linking awards to job grade and corporate performance. The scheme, mod...
Espec Continues Share Buyback, Reaches Over One-Third of Authorized Amount
Feb 6, 2026
Espec Corp. has continued executing its share buyback program authorized by the board in November 2025, repurchasing 127,700 common shares on the Tokyo Stock Exchange between January 1 and January 31, 2026 for approximately ¥436 million. Cumu...
Espec Reports Progress on Ongoing Share Buyback Program
Jan 9, 2026
Espec Corp. reported on the progress of its ongoing share buyback program, stating that it repurchased 131,800 common shares for a total of ¥442.4 million on the Tokyo Stock Exchange between December 1 and December 31, 2025. This transaction ...
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.