Okaya Electric Industries Co., Ltd. (6926) AI Stock Analysis

• Market Cap: ¥4.56B
• Dividend Yield: 2.01%
• Average Volume (3M): 29.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -32.99%
• EPS Growth: -1509.56%
• Country: JP
• Employees: 1,115
• Sector: Technology
• Sector Strength: 79
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -24.47
• Shares Outstanding: 22,921,562
• 10 Day Avg. Volume: 13,670
• 30 Day Avg. Volume: 29,720
• PEG Ratio: -0.05
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -22.91
• 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

• Rating: 51 Neutral
• Price Target: ¥207.00 ▲(1.97%Upside)

The company's overall stock score is primarily driven by significant financial challenges, including declining revenues and cash flows, which are major concerns. Positive technical indicators provide some support, but the valuation reflects poor profitability. The lack of dividend yield further adds to the negative outlook.

Okaya Electric Industries Co., Ltd. Business Overview & Revenue Model

Company Description

Okaya Electric Industries Co., Ltd. (6926) is a Japan-based company primarily engaged in the manufacturing and sale of electronic components. The company specializes in producing a wide range of products, including noise suppression components, power supply units, and overvoltage protective devices used in various electronic applications. Okaya Electric Industries serves multiple industries, including automotive, industrial equipment, and consumer electronics, by providing high-quality and reliable electronic solutions.

How the Company Makes Money

Okaya Electric Industries Co., Ltd. generates revenue through the sale of its electronic components and devices. The company's primary revenue streams include the manufacturing and distribution of noise suppression components, such as electromagnetic interference (EMI) filters, and power supply units that are essential for the operation of electronic devices. Additionally, Okaya produces overvoltage protective devices that safeguard electronic equipment from electrical surges. The company's earnings are supported by its extensive customer base across various industries, including automotive, industrial machinery, and consumer electronics. Okaya's strategic partnerships and collaborations with key players in these sectors also contribute to its revenue, allowing the company to expand its market reach and product offerings.

Okaya Electric Industries Co., Ltd. Financial Statement Overview

Summary

The company is experiencing significant financial challenges, including a sharp decline in revenue and profitability, as well as liquidity concerns due to negative operating and free cash flows. While the balance sheet shows moderate leverage, the overall financial condition is strained.

Income Statement

The income statement indicates a significant decline in revenue, with a sharp drop from 2023 to 2025. The gross profit margin decreased considerably, and the company experienced a negative net profit margin in 2025. This highlights profitability challenges, with EBIT and EBITDA both turning negative, indicating operational difficulties.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, suggesting a balanced leverage position. However, the decline in stockholders' equity and total assets over the years indicates potential financial strain. The equity ratio remains stable, reflecting a consistent financial structure despite challenges.

Cash Flow

The cash flow analysis reveals declining operating cash flows, turning negative in recent years, which poses liquidity concerns. Free cash flow has also decreased significantly, indicating potential issues in sustaining operational and capital expenditures. The cash flow to net income ratios suggest inefficiencies in translating profits into cash.

Breakdown
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
10.82B	9.60B	14.32B	17.11B	13.37B	10.52B
	Gross Profit
1.77B	906.95M	3.18B	3.58B	2.22B	2.47B
	EBIT
-999.00M	-1.77B	365.51M	668.60M	-453.01M	65.71M
	EBITDA
-1.25B	-1.28B	635.59M	1.18B	-45.86M	424.30M
	Net Income Common Stockholders
-1.06B	-1.71B	120.96M	613.18M	-436.27M	2.54M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.27B	3.30B	4.89B	3.49B	4.33B	4.78B
	Total Assets
15.43B	14.05B	17.06B	16.79B	16.00B	14.40B
	Total Debt
4.52B	4.00B	4.76B	4.92B	5.42B	4.01B
	Net Debt
254.00M	702.29M	-124.26M	1.43B	1.09B	-768.42M
	Total Liabilities
7.57B	6.98B	8.02B	8.56B	8.74B	6.85B
	Stockholders Equity
7.87B	7.07B	9.04B	8.23B	7.26B	7.55B
Cash Flow		Free Cash Flow
0.00	-574.72M	1.70B	-298.69M	-1.74B	259.71M
	Operating Cash Flow
0.00	-400.16M	2.10B	-52.76M	-1.57B	366.74M
	Investing Cash Flow
0.00	-178.31M	-398.07M	-245.93M	-177.11M	-107.03M
	Financing Cash Flow
0.00	-966.45M	-454.44M	-587.28M	1.23B	-133.46M

Okaya Electric Industries Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 203.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6926, the sentiment is Neutral. The current price of 203 is above the 20-day moving average (MA) of 202.95, above the 50-day MA of 198.96, and below the 200-day MA of 218.96, indicating a neutral trend. The MACD of 0.88 indicates Negative momentum. The RSI at 53.66 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6926.

Okaya Electric Industries Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6915	81 Outperform	¥28.23B	9.71		5.93%	1.17%	8.92%
6989	77 Outperform	¥17.18B	8.38		3.97%	5.82%	-11.74%
6800	74 Outperform	¥27.67B	12.42		4.04%	7.79%	47.38%
Sector *	62 Neutral	$11.80B	10.10	-7.47%	2.99%	7.37%	-8.16%
6958	61 Neutral	¥21.36B	5.96		6.31%	5.43%	-16.17%
6926	51 Neutral	¥4.56B	―		2.01%	-32.99%	-1509.56%
6844	46 Neutral	¥21.08B	―		3.18%	3.49%	-241.98%