Casio Computer Co (6952) AI Stock Analysis

• Market Cap: ¥343.60B
• Dividend Yield: 3.55%
• Average Volume (3M): 684.24K
• Price to Earnings (P/E): 17.9
• Beta (1Y): 0.52
• Revenue Growth: -5.43%
• EPS Growth: 55.21%
• Country: JP
• Employees: 9,594
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): 32.29
• Shares Outstanding: 237,720,920
• 10 Day Avg. Volume: 712,470
• 30 Day Avg. Volume: 684,240
• PEG Ratio: -1.13
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 1.07
• P/FCF Ratio: 22.14
• 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: ¥1,299.91
• Price Target Upside: -13.80% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ¥1,689.00 ▲(12.00% Upside)

The score is driven primarily by solid financial health (notably a strong balance sheet and stable operating performance) and reasonable valuation supported by a ~3% dividend. Technicals are constructive but tempered by an overbought RSI that increases near-term downside risk.

Positive Factors

Strong balance sheet / prudent leverage

A strong balance sheet with low leverage and robust return on equity gives Casio financial flexibility to fund R&D, sustain dividends, pursue targeted M&A, and absorb cyclical demand shocks. This durability supports multi-quarter resilience and strategic optionality.

Positive free cash flow generation

Positive free cash flow despite lower operating cash flow means Casio can still fund capex, product development, and shareholder returns without immediately increasing leverage. Sustainable FCF underpins long-term reinvestment capacity and financial independence.

Diversified product mix and strong brands

Casio's diversified portfolio—watches (notably G-Shock), calculators, musical instruments and professional equipment—reduces dependence on a single market. Iconic brands and distribution partnerships support pricing power, repeat sales, and durable competitive positioning across segments.

Negative Factors

Recent revenue decline

A reported revenue decline (~5.4%) signals potential secular or competitive headwinds in core segments. If revenue contraction persists, it can erode economies of scale, pressure margins and free cash flow, and limit the company's ability to fund growth initiatives over several quarters.

Volatile net profit margins

Fluctuating net margins suggest variability in cost absorption, pricing, or product mix, which reduces earnings predictability. Persistent margin volatility complicates capital allocation decisions, weakens cash flow visibility, and can force more conservative investment or payout policies.

Declining operating cash flow

A decline in operating cash flow points to weakening core cash generation even if FCF is positive today. Continued deterioration could strain working capital, limit reinvestment in products and channels, and increase reliance on financing or asset sales, reducing long-term resilience.

Casio Computer Co Business Overview & Revenue Model

Company Description

Casio Computer Co., Ltd., together with its subsidiaries, develops, produces, and sells consumer, system equipment, and other products in Asia, Europe, Japan, North America, and internationally. Its Consumer segment offers watches, clocks, electronic dictionaries, electronic calculators, label printers, electronic musical instruments, digital cameras, etc. The company's System Equipment segment provides handheld terminals, electronic cash registers, management support systems, data projectors, etc. Its Others segment offers formed parts, molds, etc. Casio Computer Co., Ltd. was founded in 1957 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Casio generates revenue primarily through the sale of its consumer electronics, which include watches, calculators, and musical instruments. The company has a robust revenue model that includes direct sales through retail and e-commerce channels, as well as partnerships with distributors and retailers globally. Key revenue streams come from the watch segment, particularly G-Shock, which has a strong brand loyalty and premium pricing strategy. Additionally, Casio earns income from professional equipment and instruments, leveraging its reputation for quality in the music and education sectors. Strategic partnerships with other companies and collaborations for co-branded products also contribute to its earnings, enhancing market reach and brand visibility.

Casio Computer Co Financial Statement Overview

Summary

Overall financials are solid: a strong balance sheet with prudent leverage and robust ROE supports stability, while profitability and operating efficiency are generally steady. The main constraint is uneven recent revenue and some net margin fluctuations, plus a decline in operating cash flow despite positive free cash flow.

Income Statement

Casio's revenue showcases a consistent growth trend, with a slight dip in the most recent year. The gross profit margin remains healthy, although net profit margins have shown some fluctuations, indicating challenges in maintaining profitability. EBIT and EBITDA margins are stable, reflecting efficient operational management despite recent revenue challenges.

Balance Sheet

The company's balance sheet is strong, with a favorable debt-to-equity ratio indicating prudent leverage levels. Return on equity remains robust, showcasing strong shareholder returns. The equity ratio is solid, reflecting a stable financial base and asset management.

Cash Flow

Operating cash flow has seen a decline, but free cash flow remains positive, which is crucial for sustaining operations and investments. The operating cash flow to net income ratio is stable, showing efficient cash earnings conversion, while free cash flow generation remains a strength.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	258.73B	261.76B	268.83B	263.83B	252.32B	227.44B
Gross Profit	110.36B	113.40B	116.10B	111.85B	110.03B	98.16B
EBITDA	27.14B	22.87B	29.78B	28.05B	34.56B	29.28B
Net Income	5.61B	8.06B	11.91B	13.08B	15.89B	12.01B
Balance Sheet
Total Assets	323.61B	331.64B	349.89B	335.22B	337.27B	332.03B
Cash, Cash Equivalents and Short-Term Investments	137.98B	141.13B	144.66B	130.67B	135.09B	140.47B
Total Debt	42.35B	46.76B	54.43B	49.74B	49.73B	53.29B
Total Liabilities	106.51B	112.72B	118.74B	113.62B	118.38B	120.13B
Stockholders Equity	217.05B	218.88B	231.15B	221.60B	218.90B	211.90B
Cash Flow
Free Cash Flow	0.00	12.63B	20.60B	293.00M	5.45B	16.26B
Operating Cash Flow	0.00	16.14B	30.52B	11.34B	16.42B	24.59B
Investing Cash Flow	0.00	4.67B	-218.00M	-3.15B	-6.10B	-3.12B
Financing Cash Flow	0.00	-24.79B	-21.85B	-15.23B	-19.03B	-22.95B

Casio Computer Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1508.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6952, the sentiment is Positive. The current price of 1508 is above the 20-day moving average (MA) of 1317.62, above the 50-day MA of 1286.29, and above the 200-day MA of 1180.85, indicating a bullish trend. The MACD of 23.12 indicates Negative momentum. The RSI at 80.37 is Negative, neither overbought nor oversold. The STOCH value of 54.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6952.

Casio Computer Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6952	74 Outperform	¥343.60B	17.90	5.53%	3.55%	-5.43%	55.21%
6971	73 Outperform	¥3.25T	74.19	1.37%	2.29%	-0.51%	-45.68%
6752	73 Outperform	¥4.94T	15.46	6.73%	1.99%	-6.96%	-7.22%
6758	73 Outperform	¥21.10T	17.74	14.45%	0.55%	-2.86%	5.93%
6632	68 Neutral	¥188.68B	11.11	13.53%	1.34%	0.48%	-1.86%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6753	60 Neutral	¥455.58B	7.77	―	―	-10.88%	―

Casio Computer Co Corporate Events

Casio to Buy Back and Cancel Up to ¥5 Billion in Shares to Boost Capital Efficiency

Casio Computer Co., Ltd. has resolved to conduct a share buyback and subsequent cancellation of the repurchased shares as part of its capital allocation policy aimed at improving capital efficiency and enhancing shareholder returns. The company plans to purchase up to 3.8 million shares, representing about 1.67% of its issued and outstanding shares (excluding treasury stock), for a total cost of up to ¥5 billion through open-market transactions on the Tokyo Stock Exchange between January 30 and March 24, 2026, and will cancel all shares acquired by April 30, 2026, a move that is likely to reduce the total share count and potentially increase value for remaining shareholders.

The most recent analyst rating on (JP:6952) stock is a Hold with a Yen1452.00 price target. To see the full list of analyst forecasts on Casio Computer Co stock, see the JP:6952 Stock Forecast page.

Casio Lifts Full-Year Outlook After Profit Surges in Nine-Month Results

Casio Computer Co. reported strong consolidated results for the nine months ended 31 December 2025, with net sales rising 6.2% year on year to ¥208.0 billion and operating profit surging 61.7% to ¥18.2 billion. Ordinary profit climbed 80.7% to ¥20.3 billion, while profit attributable to owners of the parent jumped 261.6% to ¥15.4 billion, lifting basic earnings per share to ¥67.59 and driving comprehensive income up nearly fourfold. The company’s financial position also strengthened, with total assets increasing to ¥344.7 billion and the equity-to-asset ratio improving to 67.2%. Casio revised its full-year forecast upward, now projecting net sales of ¥274.0 billion and profit attributable to owners of the parent of ¥17.0 billion, implying more than a doubling of annual earnings and underscoring its improved profitability and capital efficiency. The dividend for the year ending March 31, 2026 has yet to be determined, leaving income-focused investors awaiting clarity on how the stronger earnings will be returned to shareholders.

The most recent analyst rating on (JP:6952) stock is a Hold with a Yen1452.00 price target. To see the full list of analyst forecasts on Casio Computer Co stock, see the JP:6952 Stock Forecast page.

Casio Reports Mixed Six-Month Financial Results with Strong Profit Growth

Casio Computer Co. reported its consolidated financial results for the six months ended September 30, 2025, revealing a decrease in net sales by 3.1% compared to the previous year. Despite this, the company saw a significant increase in profit attributable to owners of the parent by 124.9%, indicating improved operational efficiency and cost management. The company’s financial forecast for the fiscal year ending March 31, 2026, anticipates a 3.1% increase in net sales and a substantial rise in operating profit by 47.5%, reflecting a positive outlook for future growth.

The most recent analyst rating on (JP:6952) stock is a Hold with a Yen1304.00 price target. To see the full list of analyst forecasts on Casio Computer Co stock, see the JP:6952 Stock Forecast page.