Hioki E.E.Corporation (6866) AI Stock Analysis

• Market Cap: ¥108.63B
• Dividend Yield: 3.23%
• Average Volume (3M): 26.70K
• Price to Earnings (P/E): 15.1
• Beta (1Y): 0.90
• Revenue Growth: 7.28%
• EPS Growth: 4.16%
• Country: JP
• Employees: 1,098
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 140.06
• Shares Outstanding: 14,024,365
• 10 Day Avg. Volume: 37,830
• 30 Day Avg. Volume: 26,700
• PEG Ratio: -1.33
• Price to Book (P/B): 1.88
• Price to Sales (P/S): 2.04
• P/FCF Ratio: 25.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 450.6
• Revenue Forecast (FY): ¥43.75B

• Rating: 79 Outperform
• Price Target: ¥9,046.00 ▲(45.67% Upside)
• Action: Downgraded Date: 01/27/26
• Date: Action: Downgraded 01/27/26

The score is driven primarily by strong financial quality (debt-free balance sheet and solid margins), supported by a constructive technical trend and reasonable valuation with a ~3.15% dividend yield. The key constraint is near-term deceleration in 2025 results and softer free-cash-flow conversion versus 2024.

Positive Factors

Debt-free balance sheet

Hioki's zero-debt balance sheet and rising equity (≈¥26B in 2020 to ≈¥44B in 2025) provide durable financial flexibility. This supports stable dividends, funding for R&D and capex, and resilience in downturns, reducing refinancing risk and strengthening long-term capital allocation.

Negative Factors

Near-term revenue and earnings deceleration

Slowing top-line growth and weakening earnings momentum (EPS trends and lower margins year-over-year) reduce the firm's ability to organically expand returns. Prolonged deceleration could pressure reinvestment plans and ROE, making margin recovery essential for long-term value creation.

Hioki E.E.Corporation Business Overview & Revenue Model

Company Description

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 rec...

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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 rec...

How the Company Makes Money

Hioki makes money primarily by selling electrical measurement and test instruments and related accessories to corporate and institutional customers. Revenue is generated through (1) product sales of portable field instruments (e.g., clamp meters, ...

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Hioki makes money primarily by selling electrical measurement and test instruments and related accessories to corporate and institutional customers. Revenue is generated through (1) product sales of portable field instruments (e.g., clamp meters, ...

Hioki E.E.Corporation Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.15B	40.53B	39.27B	39.15B	34.37B	29.32B
Gross Profit	20.47B	20.41B	19.56B	18.27B	15.87B	13.64B
EBITDA	9.20B	8.69B	9.16B	9.39B	8.22B	6.87B
Net Income	5.86B	5.46B	6.19B	6.33B	5.33B	4.52B
Balance Sheet
Total Assets	45.82B	51.49B	48.16B	45.25B	40.61B	36.39B
Cash, Cash Equivalents and Short-Term Investments	16.46B	18.53B	18.32B	16.53B	13.62B	16.02B
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	5.14B	7.54B	8.34B	8.13B	7.83B	6.94B
Stockholders Equity	40.68B	43.96B	39.82B	37.12B	32.78B	29.45B
Cash Flow
Free Cash Flow	0.00	3.29B	5.35B	5.43B	-50.90M	4.05B
Operating Cash Flow	0.00	7.52B	8.87B	8.44B	1.24B	4.70B
Investing Cash Flow	0.00	-4.73B	-3.75B	-3.35B	-1.48B	-826.26M
Financing Cash Flow	0.00	-2.71B	-3.60B	-2.32B	-2.46B	-1.43B

Hioki E.E.Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6210.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6866, the sentiment is Positive. The current price of 6210 is below the 20-day moving average (MA) of 7508.50, below the 50-day MA of 7245.00, and above the 200-day MA of 6206.56, indicating a bullish trend. The MACD of 132.38 indicates Negative momentum. The RSI at 63.54 is Neutral, neither overbought nor oversold. The STOCH value of 94.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6866.

Hioki E.E.Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6850	80 Outperform	¥28.49B	13.32	―	2.89%	6.15%	2.98%
7745	80 Outperform	¥79.64B	8.26	―	2.31%	6.50%	30.54%
6866	79 Outperform	¥108.63B	15.13	―	3.23%	7.28%	4.16%
6859	75 Outperform	¥75.28B	12.98	―	3.12%	2.78%	-5.32%
6853	73 Outperform	¥18.96B	18.81	―	2.93%	-1.58%	12.24%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6858	59 Neutral	¥8.98B	16.72	―	2.45%	15.66%	-69.17%