Chiyoda Integre Co., Ltd. (6915) AI Stock Analysis

• Market Cap: ¥31.14B
• Dividend Yield: 4.78%
• Average Volume (3M): 17.00K
• Price to Earnings (P/E): 12.5
• Beta (1Y): 0.84
• Revenue Growth: -7.10%
• EPS Growth: 6.38%
• Country: JP
• Employees: 2,952
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 83.96
• Shares Outstanding: 9,628,929
• 10 Day Avg. Volume: 11,800
• 30 Day Avg. Volume: 17,003
• PEG Ratio: -0.96
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.82
• P/FCF Ratio: 9.62
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: ¥3,757.00 ▲(15.78% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven primarily by strong financial resilience (especially the very conservative balance sheet) and supportive valuation (low-to-moderate P/E with a high dividend yield). These positives are tempered by mixed recent operating trends (2025 profit and cash flow softness) and only neutral-to-moderate technical momentum.

Positive Factors

Conservative balance sheet / low leverage

Very low leverage and a large equity base provide durable financial flexibility. This conservatism reduces refinancing and solvency risk through cycles, supports steady capital allocation (capex, dividends, buybacks) and allows the company to absorb demand volatility without forcing distress-driven decisions.

Consistent operating and free cash flow generation

Sustained positive operating and free cash flow over multiple years shows the business can self-fund operations and reinvestment. Reliable cash generation underpins long-term investment, dividend capacity and balance sheet strength, and provides a buffer when sales are cyclical.

Diversified engineered-parts business model

A product portfolio of engineered parts and design/manufacturing support across electronics and industrial end markets creates multiple demand streams and sticky customer relationships. Design-in and solution services raise switching costs and support more durable revenue than commodity suppliers.

Negative Factors

Uneven revenue trends and recent decline

The flip from modest growth to a 2025 decline indicates exposure to cyclical or volume pressures. Persistent uneven sales reduce visibility for capacity planning and margin leverage, making earnings and cash flow more sensitive to end-market cycles over the medium term.

Weaker cash conversion and 2025 cash flow softness

Inconsistent cash conversion (FCF below net income and 2025 declines) suggests working-capital swings or timing issues. That variability constrains the firm's ability to reliably fund investment or distributions and raises execution risk if margins or volumes worsen.

Modest returns on equity

Mid-to-high single-digit ROE signals limited capital efficiency versus higher-return industrial peers. Modest returns can constrain long-term shareholder value creation and imply the business may require scale or margin expansion to materially lift profitability.

Chiyoda Integre Co., Ltd. Business Overview & Revenue Model

Company Description

Chiyoda Integre Co.,Ltd. manufactures and sells structural and functional parts for various products in Japan and internationally. The company offers parts for office and factory automation, audio and visual, telecommunication and information, automobile equipment, as well as for amusement and advertisement devices, and home appliances. It also provides a range of interior and exterior goods for equipment, such as insulation, spacers, cushions, shielding components, switch panels, and plaques; and pressed products, as well as engages in skin sewing and covering the process of skins on resin moldings. In addition, the company distributes LED components and heat radiation printed circuit boards; and offers building and living materials, including concrete curing tape, integrated artificial-turf sunagoke sheet, agricultural tape, and LED lighting products. Further, it provides medical and health care services, including various antimicrobial agents/repellents, cut processing of the sponges used for surgical operations, and processing of cotton for health futons. The company was founded in 1955 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Chiyoda Integre generates revenue through the sale of semiconductor products, including integrated circuits and packaging solutions. The company's revenue model is based on both direct sales to original equipment manufacturers (OEMs) and partnerships with other technology firms. Key revenue streams include custom semiconductor solutions for specialized applications, off-the-shelf electronic components, and ongoing contracts for product supply. Significant partnerships with major electronics manufacturers enhance its market position and contribute to its earnings, while ongoing investments in research and development allow the company to innovate and expand its product offerings.

Chiyoda Integre Co., Ltd. Financial Statement Overview

Summary

Overall financial health is solid, led by a very strong, low-leverage balance sheet and consistently positive operating cash flow/free cash flow. The main detractors are uneven revenue trends and a 2025 step-down in profitability and cash generation versus 2024, suggesting some cyclical or volume/margin pressure.

Income Statement

Profitability and margins have improved meaningfully versus 2020, with 2024 showing solid gross and operating profitability (gross margin ~27%, net margin ~7.8%) and healthy earnings levels. That said, growth is not consistent: revenue was up in 2024 (~+4.6%) but declined in 2025 (annual revenue growth ~-2.9%), and operating profit also softened in 2025 versus 2024, indicating some cyclicality/volume pressure.

Balance Sheet

The balance sheet is conservatively positioned with very low leverage (debt-to-equity ~3–5% historically; 2024 ~3.4%) and a large equity base relative to assets, which supports resilience through demand swings. Returns on equity are steady but not exceptional (mid-to-high single digits in 2021–2024), and equity dipped slightly in 2025, but overall financial risk from debt remains minimal.

Cash Flow

Cash generation is generally solid, with positive operating cash flow and free cash flow across the period, and strong improvement since 2020. However, cash flow conversion is not consistently strong: in 2024 free cash flow was below net income (free cash flow to net income ~0.73) and operating cash flow coverage was moderate (~0.63), and both operating cash flow and free cash flow declined in 2025 versus 2024—suggesting working-capital or spending variability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	39.16B	38.04B	41.21B	39.42B	39.37B	40.01B
Gross Profit	10.99B	10.46B	11.28B	10.14B	9.82B	8.71B
EBITDA	5.29B	4.65B	6.31B	5.28B	5.31B	4.55B
Net Income	2.52B	2.62B	3.23B	2.56B	2.73B	2.40B
Balance Sheet
Total Assets	47.25B	50.31B	51.31B	48.41B	47.84B	46.40B
Cash, Cash Equivalents and Short-Term Investments	16.50B	17.87B	18.67B	17.17B	17.22B	17.55B
Total Debt	1.37B	1.54B	1.41B	1.29B	1.52B	1.68B
Total Liabilities	9.20B	10.02B	9.73B	9.55B	10.03B	10.41B
Stockholders Equity	38.04B	40.28B	41.57B	38.87B	37.81B	35.99B
Cash Flow
Free Cash Flow	0.00	3.25B	3.81B	3.07B	1.66B	2.24B
Operating Cash Flow	0.00	4.13B	5.23B	4.72B	3.52B	3.76B
Investing Cash Flow	0.00	1.60B	-3.14B	-1.63B	-3.02B	-684.00M
Financing Cash Flow	0.00	-4.58B	-3.40B	-3.65B	-3.35B	-1.48B

Chiyoda Integre Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3245.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6915, the sentiment is Positive. The current price of 3245 is below the 20-day moving average (MA) of 3359.75, below the 50-day MA of 3283.57, and above the 200-day MA of 2982.31, indicating a bullish trend. The MACD of 30.75 indicates Negative momentum. The RSI at 57.37 is Neutral, neither overbought nor oversold. The STOCH value of 66.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6915.

Chiyoda Integre Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6677	78 Outperform	¥37.86B	13.70	―	4.25%	13.45%	19.19%
6915	77 Outperform	¥31.14B	12.54	―	4.78%	-7.10%	6.38%
6824	77 Outperform	¥61.63B	13.52	―	1.12%	14.84%	7.57%
6800	74 Outperform	¥77.62B	38.22	―	2.20%	4.75%	164.54%
6999	65 Neutral	¥67.52B	25.01	2.45%	2.19%	5.79%	193.94%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%