Ushio Inc. (JP:6925)
:6925
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Ushio
(6925)
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Rating:69Neutral
Price Target:
¥3,453.00
▲(3.91% 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
Strong balance sheet
Low leverage and a c.67.5% equity ratio provide durable financial flexibility. With debt-to-equity near 0.21, the company is better positioned to absorb cyclical downturns, fund capital expenditure or targeted M&A, and maintain dividend programs without stressing liquidity.
Negative Factors
Modest profitability
Relatively low operating and net margins limit internal earning power and room to absorb cost inflation. Modest profitability constrains free cash flow expansion and shareholder returns, and reduces the buffer available for sustained investment in R&D or product development over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Low leverage and a c.67.5% equity ratio provide durable financial flexibility. With debt-to-equity near 0.21, the company is better positioned to absorb cyclical downturns, fund capital expenditure or targeted M&A, and maintain dividend programs without stressing liquidity.
Read all positive factors
Ushio (6925) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥264.75B
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
¥3,000.00Price Target Upside-9.72% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)123.66
Revenue Forecast (FY)¥204.63B
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
null...
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
3323.00
Price Trends
2954.92
Positive
2738.66
Positive
2410.31
Positive
Market Momentum
117.03
Negative
72.63
Negative
92.64
Negative
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 3323 is above the 20-day moving average (MA) of 3033.00, above the 50-day MA of 2954.92, and above the 200-day MA of 2410.31, indicating a bullish trend. The MACD of 117.03 indicates Negative momentum. The RSI at 72.63 is Negative, neither overbought nor oversold. The STOCH value of 92.64 is Negative, 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 | ¥167.46B | 16.40 | ― | 3.39% | 14.21% | 29.38% | |
73 Outperform | ¥156.38B | 26.06 | ― | 2.72% | -6.46% | -47.27% | |
73 Outperform | ¥314.14B | 14.24 | ― | 1.65% | 14.49% | -21.17% | |
71 Outperform | ¥372.94B | 8.30 | 14.28% | 2.40% | 8.03% | 23.50% | |
69 Neutral | ¥264.75B | 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 | ¥418.74B | 197.68 | 5.94% | 0.56% | 6.22% | ― |
* Industrials Sector Average
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Ushio Corporate Events
Ushio to Spin Off and Sell Semiconductor Laser Business to Kyocera
Apr 14, 2026
Ushio Inc. will carve out its semiconductor laser device business into a newly formed wholly owned subsidiary and then transfer all shares in that entity to Kyocera Corporation under a share transfer agreement approved by its board. The move, exec...
Ushio Nears ¥20 Billion Ceiling on Aggressive Share Buyback Program
Apr 2, 2026
Ushio Inc. reported progress on its ongoing share repurchase program, disclosing that it bought 623,800 common shares on the Tokyo Stock Exchange between March 1 and March 31, 2026, for a total of ¥1,810,882,150. These purchases are part of a...
Ushio Books Security Sale Gain, Takes Impairment and Restructuring Charges
Mar 31, 2026
Ushio Inc. said it will book extraordinary income in the fourth quarter of the fiscal year ending March 2026 after selling part of its investment securities, generating a gain of ¥3,342 million. The move is framed as an asset streamlining mea...
Ushio Books $35 Million Internal Dividend With No Impact on Consolidated Earnings
Mar 25, 2026
Ushio Inc. has announced it will receive a dividend of 35 million U.S. dollars, approximately 5.55 billion yen, from its consolidated subsidiary Ushio International B.V. following a board resolution dated March 25, 2026. This transaction meets the...
Ushio Lifts Full-Year Profit Forecast on Cost Cuts, Chip Market Recovery and Weak Yen
Mar 19, 2026
Ushio has raised its consolidated forecast for the fiscal year ending March 2026, now projecting net sales of ¥175 billion, operating profit of ¥11.5 billion, ordinary profit of ¥12.5 billion, and profit attributable to owners of pa...
Ushio to Book ¥3.1 Billion Extraordinary Gain From Investment Securities Sale
Mar 6, 2026
Ushio Inc. said it will book extraordinary income in the fourth quarter of the fiscal year ending March 2026 after selling part of its investment securities as part of an asset-streamlining effort. The sale of one listed security between January 1...
Ushio to Cancel 9 Million Treasury Shares in Capital Efficiency Move
Mar 4, 2026
Ushio Inc. has approved the cancellation of 9,000,000 common treasury shares, representing 9.72% of its issued shares prior to the move, with the cancellation scheduled for March 25, 2026. The action aligns with Ushio’s policy of capping tre...
Ushio Advances Large-Scale Share Buyback, Spending ¥16.7 Billion to Date
Mar 3, 2026
Ushio Inc. has reported the latest progress of its ongoing share repurchase program, revealing that it bought 389,600 common shares on the Tokyo Stock Exchange in February 2026 for a total of ¥1.15 billion. These purchases form part of a broa...
Ushio Completes Acquisition of ams-OSRAM Industrial and Entertainment Lamps Unit
Mar 2, 2026
Ushio Inc. has completed the acquisition of all shares in OSRAM ENI GmbH, a newly established subsidiary of OSRAM GmbH in Berlin, along with assets related to the industrial and entertainment lamps business previously operated by the unit. The acq...
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...
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.