Ushio Inc. (JP:6925)
:6925
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Ushio
(6925)
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Rating:69Neutral
Price Target:
¥3,522.00
▲(19.53% Upside)
Action:ReiteratedDate:01/07/26
The score is driven primarily by solid financial stability (low leverage and strong equity base) and a strong upward technical trend (price above all key moving averages with positive MACD). These positives are tempered by expensive valuation (P/E 48.52) and very elevated momentum readings (RSI/Stoch), alongside modest profitability and slightly declining revenue.
Positive Factors
Low leverage, strong equity base
Ushio’s low debt-to-equity (0.21) and ~67.5% equity ratio provide durable financial flexibility, reducing bankruptcy risk and enabling funding for capex or R&D without relying heavily on external debt. This stability supports multi-quarter strategic investment and resilience to cyclical downturns.
Negative Factors
Modest net profitability and ROE
Net margin near 3.8% and ROE around 3.4% indicate limited shareholder earnings generation relative to assets and equity. Persistently low returns constrain the company’s ability to significantly grow retained earnings or fund large strategic initiatives without improving operational leverage or achieving higher-margin revenue mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage, strong equity base
Ushio’s low debt-to-equity (0.21) and ~67.5% equity ratio provide durable financial flexibility, reducing bankruptcy risk and enabling funding for capex or R&D without relying heavily on external debt. This stability supports multi-quarter strategic investment and resilience to cyclical downturns.
Read all positive factors
Ushio (6925) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥237.03B
Dividend Yield2.81%
Average Volume (3M)275.19K
Price to Earnings (P/E)13.5
Beta (1Y)0.95
Revenue Growth-3.70%
EPS Growth-36.38%
CountryJP
Employees5,439
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)44.48
Shares Outstanding83,500,000
10 Day Avg. Volume251,540
30 Day Avg. Volume275,190
Financial Highlights & Ratios
PEG Ratio-0.95
Price to Book (P/B)0.89
Price to Sales (P/S)1.01
P/FCF Ratio26.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,047.85Price Target Upside3.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)94.74
Revenue Forecast (FY)¥170.43B
Ushio Business Overview & Revenue Model
Company Description
Ushio Inc. produces and sells light application products, industrial equipment, and other products in Japan, rest of Asia, Europe, North America, and internationally. The company offers laser diodes, LED chips/packages, ultraviolet (UV) lamps, xen...
How the Company Makes Money
Ushio generates revenue through multiple streams, primarily from the sale of its lighting products, including traditional and LED lighting solutions. The company has established significant partnerships with various sectors, providing customized l...
Ushio Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
75
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 178.43B | 177.62B | 179.42B | 175.03B | 148.82B | 118.56B |
| Gross Profit | 62.26B | 62.22B | 64.92B | 63.22B | 54.03B | 39.84B |
| EBITDA | 17.63B | 16.82B | 21.42B | 23.65B | 20.17B | 8.11B |
| Net Income | 3.67B | 6.80B | 10.78B | 13.70B | 12.61B | -687.00M |
Balance Sheet | ||||||
| Total Assets | 286.94B | 297.30B | 337.55B | 323.62B | 321.10B | 290.27B |
| Cash, Cash Equivalents and Short-Term Investments | 56.34B | 63.55B | 69.77B | 66.81B | 93.62B | 76.58B |
| Total Debt | 41.17B | 41.40B | 32.85B | 8.32B | 18.66B | 24.91B |
| Total Liabilities | 96.04B | 96.79B | 100.57B | 79.51B | 85.89B | 79.09B |
| Stockholders Equity | 190.88B | 200.50B | 236.96B | 244.09B | 235.12B | 211.10B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 6.78B | 1.03B | -6.90B | 15.67B | 8.21B |
| Operating Cash Flow | 0.00 | 20.42B | 8.97B | 871.00M | 21.63B | 14.52B |
| Investing Cash Flow | 0.00 | 2.72B | 5.39B | -1.18B | -5.52B | -3.42B |
| Financing Cash Flow | 0.00 | -24.99B | -13.49B | -26.81B | -10.63B | -784.00M |
Ushio Technical Analysis
Positive
2946.50
Price Trends
2923.23
Positive
2706.28
Positive
2385.84
Positive
Market Momentum
-24.07
Positive
52.70
Neutral
53.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6925, the sentiment is Positive. The current price of 2946.5 is above the 20-day moving average (MA) of 2928.28, above the 50-day MA of 2923.23, and above the 200-day MA of 2385.84, indicating a bullish trend. The MACD of -24.07 indicates Positive momentum. The RSI at 52.70 is Neutral, neither overbought nor oversold. The STOCH value of 53.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6925.
Ushio Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥156.63B | 16.40 | ― | 3.39% | 14.21% | 29.38% | |
75 Outperform | ¥121.78B | 26.06 | ― | 2.72% | -6.46% | -47.27% | |
73 Outperform | ¥279.73B | 14.24 | ― | 1.65% | 14.49% | -21.17% | |
71 Outperform | ¥378.83B | 8.30 | 14.28% | 2.40% | 8.03% | 23.50% | |
69 Neutral | ¥237.03B | 13.46 | 2.20% | 2.81% | -3.70% | -36.38% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ¥390.35B | 197.68 | 5.94% | 0.56% | 6.22% | ― |
* Industrials Sector Average
JP:6925
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Ushio Corporate Events
Ushio Holds FY2026 Outlook, Profit Weakens Despite Slight Operating Improvement
Feb 6, 2026
For the first nine months of the fiscal year ending March 31, 2026, Ushio reported net sales of ¥126.9 billion, down 0.9% year-on-year, while operating profit rose 4.6% to ¥7.7 billion. However, ordinary profit fell 15.1% to ¥8.9 bi...
Ushio Advances Large-Scale Share Buyback, Spending Over ¥15.5 Billion by January End
Feb 3, 2026
Ushio Inc. has disclosed the latest progress of its share buyback program authorized by the board in August 2025. During the period from January 1 to January 31, 2026, the company repurchased 712,100 common shares on the Tokyo Stock Exchange for a...
Ushio Advances Large-Scale Share Buyback, Repurchases 6.49 Million Shares to Date
Jan 6, 2026
Ushio Inc. has reported the latest status of its ongoing share repurchase program, revealing that it bought 392,400 common shares for a total of ¥965.53 million on the Tokyo Stock Exchange between December 1 and December 31, 2025. This buybac...
Ushio Inc. Updates on Treasury Shares Repurchase Progress
Dec 2, 2025
Ushio Inc. has announced the status of its treasury shares repurchase plan, which was resolved at the Board of Directors meeting in August 2025. During November 2025, the company purchased 654,000 common shares for a total of 1,543,263,500 Yen thr...
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.