Harada Industry Co., Ltd. (JP:6904)
:6904
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Harada Industry Co., Ltd.
(6904)
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Rating:61Neutral
Price Target:
¥486.00
▲(4.97% Upside)
Action:Reiterated
Date:05/15/26
The score is driven by very attractive valuation (low P/E) and improving cash generation, offset by elevated leverage and volatile revenue/profit trends that keep the financial recovery riskier. Technical indicators are currently weak, which further tempers the overall score.
Positive Factors
Improved cash generation
Sustained positive operating cash flow and a strong free cash flow rebound in 2026 signal improved working-capital discipline and underlying profitability. Durable cash generation helps fund capex, product development and deleveraging without relying on external financing across business cycles.
Negative Factors
Elevated leverage
Historically high debt ratios limit financial flexibility in a cyclical industrial business. Even with some 2026 deleveraging, elevated leverage raises refinancing and interest-cost risk, constrains strategic investments and weakens the cushion against volume or margin shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Sustained positive operating cash flow and a strong free cash flow rebound in 2026 signal improved working-capital discipline and underlying profitability. Durable cash generation helps fund capex, product development and deleveraging without relying on external financing across business cycles.
Read all positive factors
Harada Industry Co., Ltd. (6904) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥9.85B
Dividend Yield1.64%
Average Volume (3M)15.16K
Price to Earnings (P/E)22.4
Beta (1Y)0.38
Revenue Growth-5.86%
EPS Growth210.72%
CountryJP
Employees4,352
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)23.51
Shares Outstanding21,758,000
10 Day Avg. Volume18,040
30 Day Avg. Volume15,160
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.71
Price to Sales (P/S)0.23
P/FCF Ratio2.69
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)N/A
Revenue Forecast (FY)N/A
Harada Industry Co., Ltd. Business Overview & Revenue Model
Company Description
Harada Industry Co., Ltd. engages in planning, design, development, manufacture, and sale of various automotive antennas for radio broadcasting, GPS, phone, DSRC, ETC, TV, and others in Japan and internationally. The company provides fin, rod, scr...
How the Company Makes Money
Harada Industry makes money primarily by designing, manufacturing, and selling antennas and related connectivity components/modules (and associated parts) to business customers, especially in the automotive supply chain. Revenue is generated from ...
Harada Industry Co., Ltd. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
44
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 43.76B | 42.19B | 44.82B | 46.99B | 42.11B | 35.81B |
| Gross Profit | 9.39B | 9.54B | 9.23B | 8.66B | 7.06B | 5.81B |
| EBITDA | 3.22B | 3.64B | 3.07B | 4.41B | 552.45M | 224.09M |
| Net Income | 502.19M | 433.73M | 166.22M | 885.67M | -1.53B | -1.11B |
Balance Sheet | ||||||
| Total Assets | 35.79B | 35.84B | 39.14B | 37.75B | 40.30B | 36.02B |
| Cash, Cash Equivalents and Short-Term Investments | 6.16B | 6.98B | 6.45B | 5.14B | 5.97B | 3.75B |
| Total Debt | 17.42B | 14.07B | 17.79B | 16.00B | 20.70B | 17.97B |
| Total Liabilities | 22.82B | 22.13B | 25.76B | 25.83B | 29.13B | 24.82B |
| Stockholders Equity | 12.97B | 13.71B | 13.38B | 11.91B | 11.17B | 11.21B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.62B | 105.48M | 1.69B | -97.12M | -4.26B |
| Operating Cash Flow | 0.00 | 4.17B | 855.89M | 2.42B | 558.64M | -3.57B |
| Investing Cash Flow | 0.00 | -569.54M | -408.51M | 2.57B | -569.39M | -131.19M |
| Financing Cash Flow | 0.00 | -3.12B | 573.12M | -6.00B | 2.00B | 2.50B |
Harada Industry Co., Ltd. Technical Analysis
Negative
463.00
Price Trends
467.24
Negative
470.12
Negative
463.09
Negative
Market Momentum
-3.71
Positive
36.51
Neutral
20.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6904, the sentiment is Negative. The current price of 463 is above the 20-day moving average (MA) of 460.10, below the 50-day MA of 467.24, and below the 200-day MA of 463.09, indicating a bearish trend. The MACD of -3.71 indicates Positive momentum. The RSI at 36.51 is Neutral, neither overbought nor oversold. The STOCH value of 20.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6904.
Harada Industry Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥257.12B | 10.38 | 12.24% | 2.31% | -6.81% | 72.30% | |
68 Neutral | ¥42.90B | 17.96 | ― | 4.43% | -0.53% | -31.86% | |
67 Neutral | ¥43.35B | 15.92 | ― | 2.93% | -1.36% | -9.69% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥9.85B | 22.43 | ― | 1.64% | -5.86% | 210.72% | |
56 Neutral | ¥4.17B | 11.96 | ― | 2.01% | 2.87% | 60.30% | |
54 Neutral | ¥36.95B | 26.36 | ― | 2.26% | 0.63% | -60.75% |
* Technology Sector Average
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Harada Industry Co., Ltd. Corporate Events
Harada Industry Boosts Profit and Cash Flow Despite Lower Sales, Plans Higher Dividend
May 14, 2026
Harada Industry reported fiscal 2025 consolidated net sales of ¥42.2 billion, down 5.9% year-on-year, but significantly improved profitability with operating profit up 38.7% to ¥2.4 billion and profit attributable to owners of parent sur...
Harada Industry Boosts Profit and Dividend Despite Lower Sales
May 14, 2026
Harada Industry reported fiscal 2025 consolidated net sales of ¥42.2 billion, down 5.9% year on year, but significantly improved profitability with operating profit up 38.7% to ¥2.4 billion and profit attributable to owners of parent ris...
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.