Micronics Japan Co., Ltd. (JP:6871)
:6871
Top Page
Micronics Japan Co., Ltd.
(6871)
Select Model
Select Model
Rating:71Outperform
Price Target:
¥11,768.00
▼(-8.13% Downside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by strong financial performance (growth, improving profitability, and low leverage), partially offset by volatile free cash flow. Technicals remain trend-positive but look stretched based on overbought momentum signals, and valuation is a headwind due to the high P/E and low dividend yield.
Positive Factors
Revenue Growth Trend
Micronics posted sharp revenue expansion in 2024 and further growth in 2025, indicating sustained demand for its semiconductor test equipment. Durable topline momentum supports continued R&D and capacity investments, enabling scale economics and longer-term market share gains.
Negative Factors
FCF Volatility
Free cash flow volatility—negative in 2023 and 2025 despite positive operating cash flow—signals weak cash conversion driven by working-capital swings or lumpy investments. Persistent FCF inconsistency can limit dividends, buybacks, or reinvestment during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Micronics posted sharp revenue expansion in 2024 and further growth in 2025, indicating sustained demand for its semiconductor test equipment. Durable topline momentum supports continued R&D and capacity investments, enabling scale economics and longer-term market share gains.
Read all positive factors
Micronics Japan Co., Ltd. (6871) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥492.04B
Dividend Yield1.02%
Average Volume (3M)953.16K
Price to Earnings (P/E)22.6
Beta (1Y)1.49
Revenue Growth29.60%
EPS Growth24.39%
CountryJP
Employees1,620
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)128.51
Shares Outstanding40,025,314
10 Day Avg. Volume722,800
30 Day Avg. Volume953,160
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)4.13
Price to Sales (P/S)3.89
P/FCF Ratio-42.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥14,000.00Price Target Upside9.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)420.69
Revenue Forecast (FY)¥86.33B
Micronics Japan Co., Ltd. Business Overview & Revenue Model
Company Description
Micronics Japan Co., Ltd. develops, manufactures, and sells testing and measurement equipment for semiconductors and LCD testing system worldwide. The company's semiconductor products include probe cards, package probes, semiconductor test equipme...
How the Company Makes Money
The company primarily makes money by selling semiconductor/electronics testing equipment and related systems to manufacturers and other industry customers. Revenue is generated mainly from (1) equipment sales (one-time sales of test hardware/syste...
Micronics Japan Co., Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.59B | 70.17B | 55.64B | 38.29B | 44.32B | 40.00B |
| Gross Profit | 30.99B | 33.80B | 27.14B | 17.10B | 20.23B | 17.02B |
| EBITDA | 18.29B | 22.04B | 15.42B | 7.52B | 11.36B | 10.19B |
| Net Income | 9.90B | 12.06B | 8.81B | 4.13B | 7.53B | 8.24B |
Balance Sheet | ||||||
| Total Assets | 81.63B | 99.03B | 81.33B | 56.55B | 54.38B | 49.74B |
| Cash, Cash Equivalents and Short-Term Investments | 16.46B | 19.30B | 23.95B | 17.99B | 21.55B | 19.20B |
| Total Debt | 6.61B | 6.53B | 1.20B | 1.34B | 1.27B | 1.33B |
| Total Liabilities | 29.63B | 32.97B | 31.68B | 15.35B | 15.75B | 16.68B |
| Stockholders Equity | 52.00B | 66.05B | 49.65B | 41.20B | 38.63B | 33.06B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -6.47B | 8.06B | -1.53B | 4.55B | 4.23B |
| Operating Cash Flow | 0.00 | 12.90B | 15.10B | 4.84B | 8.39B | 7.38B |
| Investing Cash Flow | 0.00 | -21.69B | -7.83B | -7.50B | -2.27B | -1.94B |
| Financing Cash Flow | 0.00 | 3.28B | -1.44B | -2.17B | -2.48B | -1.25B |
Micronics Japan Co., Ltd. Technical Analysis
Positive
12810.00
Price Trends
10731.00
Positive
8911.61
Positive
7324.42
Positive
Market Momentum
279.65
Negative
65.56
Neutral
96.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6871, the sentiment is Positive. The current price of 12810 is above the 20-day moving average (MA) of 10669.50, above the 50-day MA of 10731.00, and above the 200-day MA of 7324.42, indicating a bullish trend. The MACD of 279.65 indicates Negative momentum. The RSI at 65.56 is Neutral, neither overbought nor oversold. The STOCH value of 96.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6871.
Micronics Japan Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥3.75T | 25.03 | 53.12% | 1.11% | 32.51% | 57.19% | |
78 Outperform | ¥2.00T | 15.60 | 21.73% | 2.29% | 11.29% | 11.38% | |
77 Outperform | ¥17.43T | 45.29 | 47.37% | 0.25% | 63.36% | 149.43% | |
77 Outperform | ¥652.44B | 24.84 | 12.66% | 2.28% | 9.53% | -11.17% | |
75 Outperform | ¥7.26T | 35.55 | 25.78% | 0.79% | 13.45% | 20.37% | |
71 Outperform | ¥492.04B | 22.63 | ― | 1.02% | 29.60% | 24.39% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:6871
Micronics Japan Co., Ltd.
12,810.00
9,775.02
322.08%
JP:6857
Advantest
24,990.00
19,100.59
324.32%
JP:7735
SCREEN Holdings Co
10,745.00
6,083.35
130.50%
JP:6146
Disco
66,890.00
38,610.23
136.53%
JP:6920
Lasertec
41,580.00
29,706.89
250.20%
JP:7729
Tokyo Seimitsu Co., Ltd
15,890.00
8,409.60
112.42%
Micronics Japan Co., Ltd. Corporate Events
Micronics Japan Beats FY2025 Profit Forecasts on Strong Memory Probe Card Demand
Feb 13, 2026
Micronics Japan Co., Ltd. reported that its full-year results for the fiscal year ended December 31, 2025 exceeded its previous consolidated forecasts, with net sales slightly above guidance and profits significantly higher. The outperformance was...
Micronics Japan Plans Sharp Hike in Year-End Dividend for FY2025
Feb 13, 2026
Micronics Japan has announced a significant increase in its year-end dividend for the fiscal year ended December 31, 2025, proposing a payout of ¥95 per share compared with ¥70 in the previous fiscal year. The total dividend payment will...
Micronics Japan Delivers Strong 2025 Earnings and Hikes Dividend
Feb 13, 2026
Micronics Japan posted strong results for the fiscal year ended December 31, 2025, with net sales up 26.1% to ¥70.2 billion and profit attributable to owners of parent rising 36.9% to ¥12.1 billion, reflecting robust demand and improved ...
Micronics Japan Beats FY2025 Forecasts on Strong Memory Probe Card Demand
Feb 13, 2026
Micronics Japan reported that its full-year 2025 consolidated results significantly outperformed its prior forecast, with net sales edging up to ¥70.2 billion and profits well above guidance. Stronger-than-expected demand for probe cards used...
Micronics Japan Plans Higher Year-End Dividend as Earnings Outlook Improves
Feb 13, 2026
Micronics Japan Co., Ltd. has approved a year-end dividend from surplus for the fiscal year ended December 31, 2025, proposing a payout of ¥95 per share, up from ¥70 the previous year. The total planned dividend distribution is ¥3.6...
Micronics Japan Flags Uncertainty Around Q4 FY2025 Results and Outlook
Feb 13, 2026
Micronics Japan Co., Ltd. released supplementary materials for its quarterly financial results for the three months ended December 31, 2025, dated February 13, 2026. The company emphasized that the English materials are machine translated and shou...
Micronics Japan Lifts Dividend on Strong 2025 Earnings and Bullish 2026 Outlook
Feb 13, 2026
Micronics Japan reported strong full-year 2025 results, with net sales rising 26.1% to ¥70.2 billion and profit attributable to owners of parent climbing 36.9% to ¥12.1 billion, alongside improved margins and higher return on equity. The...
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.