Debt-free Balance SheetAn entirely debt-free balance sheet with a growing equity base provides durable financial flexibility: it supports counter-cyclical investment, funds R&D or capex from internal resources, and reduces refinancing risk. This structural strength underpins long-term stability and shareholder optionality.

Strong And Improving MarginsSustained high gross and operating margins reflect pricing power and a differentiated product mix in precision test equipment. Durable margin levels support reinvestment in product development and service capabilities, enabling sustained profitability across business cycles.

Healthy Operating Cash GenerationConsistent operating cash flow that covers net income and positive free cash flow provide lasting internal funding for capex, calibration services, and product development. Even with some conversion variability, this supports steady operations and shareholder returns over time.

Bears Say

Revenue Growth DecelerationNear-flat top-line growth signals weaker demand or saturation in core end markets; over the medium term this limits operating leverage and margin expansion. Reliance on capital spending cycles in electronics and batteries makes sustainable revenue acceleration a structural challenge.

Weaker Free-cash-flow ConversionDeclining FCF conversion reduces the firm’s ability to convert accounting profits into deployable cash. Persistently lower conversion can constrain organic investment, dividend sustainability, or opportunistic M&A, and signals sensitivity to working-capital and capex swings.

ROE Erosion Amid Expanding Equity BaseRising equity with falling ROE suggests profitability growth hasn't kept pace with capital accumulation. Over months this can pressure efficiency metrics, reduce return on invested capital, and challenge management to deploy capital into higher-return opportunities.

6866 FAQ

What was Hioki E.E.Corporation’s price range in the past 12 months?

Hioki E.E.Corporation lowest stock price was ¥5260.00 and its highest was ¥7980.00 in the past 12 months.

What is Hioki E.E.Corporation’s market cap?

Hioki E.E.Corporation’s market cap is ¥104.94B.

When is Hioki E.E.Corporation’s upcoming earnings report date?

Hioki E.E.Corporation’s upcoming earnings report date is Apr 20, 2026 which is in 42 days.

How were Hioki E.E.Corporation’s earnings last quarter?

Hioki E.E.Corporation released its earnings results on Jan 23, 2026. The company reported ¥140.06 earnings per share for the quarter, beating the consensus estimate of N/A by ¥140.06.

Is Hioki E.E.Corporation overvalued?

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

Does Hioki E.E.Corporation pay dividends?

Hioki E.E.Corporation pays a Semiannually dividend of ¥100 which represents an annual dividend yield of 3.23%. See more information on Hioki E.E.Corporation dividends here

What is Hioki E.E.Corporation’s EPS estimate?

Hioki E.E.Corporation’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Hioki E.E.Corporation have?

Hioki E.E.Corporation has 14,024,365 shares outstanding.

What happened to Hioki E.E.Corporation’s price movement after its last earnings report?

Hioki E.E.Corporation reported an EPS of ¥140.06 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.897%.

Which hedge fund is a major shareholder of Hioki E.E.Corporation?

Currently, no hedge funds are holding shares in JP:6866

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

Hioki E.E.Corporation

Hioki E.E. Corporation, together with its subsidiaries, engages in the development, manufacture, sale, and service of electrical measuring instruments in Japan and internationally. The company offers data acquisition, oscilloscopes, and memory recorders, as well as multichannel, compact, and temperature data loggers; power meters, analyzers, quality analyzers, and loggers; LCR meters, impedance analyzers, capacitance and resistance meters, battery testers, super megohmmeters, electrometers, Pico ammeters, and benchtop digital multimeters; and current probes/sensors, voltage probes, and CAN sensors. It also provides RGB laser/LED optical meters, LAN cable testers, and solar panel/photovoltaic system maintenance products; magnetic field, temperature, sound level, lux, and rotation measuring products; and electrical safety testers, hipot/insulation/leakage testers, signal generators, and calibrators. In addition, the company offers testers and handheld digital multimeters; insulation testers and megohmmeters; clamp meters and multimeters; ground resistance, phase rotation, and voltage detection products; IoT/specialized solutions, meter relays, CTs, and shunts; and bare board, package, and populated board testing products, as well as calibration and repair services. Its products are used in the mobility, battery, energy, electronic components, and infrastructure industries. The company was founded in 1935 and is headquartered in Ueda, Japan.