Mitsui High-Tec, Inc. (6966) AI Stock Analysis

• Market Cap: ¥137.98B
• Dividend Yield: 2.45%
• Average Volume (3M): 1.59M
• Price to Earnings (P/E): 13.4
• Beta (1Y): 1.19
• Revenue Growth: 4.60%
• EPS Growth: -21.64%
• Country: JP
• Employees: 4,609
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 17.63
• Shares Outstanding: 197,334,320
• 10 Day Avg. Volume: 1,243,270
• 30 Day Avg. Volume: 1,594,150
• PEG Ratio: -0.63
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 0.77
• P/FCF Ratio: -113.58
• 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: 75 Outperform
• Price Target: ¥876.00 ▲(15.26% Upside)

Mitsui High-Tec, Inc. demonstrates strong financial performance with robust revenue growth and operational efficiency. The valuation is attractive with a reasonable P/E ratio and a good dividend yield. However, technical indicators suggest short-term bearish momentum, which slightly tempers the overall score.

Positive Factors

Revenue Growth

Sustained revenue growth indicates strong demand for Mitsui High-Tec's products, enhancing its market position and providing a solid foundation for future expansion.

Operational Efficiency

High operational efficiency through strong margins ensures Mitsui High-Tec can maintain profitability, even in competitive markets, supporting long-term financial health.

Market Position

Strong market positioning in the semiconductor industry allows Mitsui High-Tec to capitalize on industry growth trends, ensuring sustained competitive advantage.

Negative Factors

Leverage Concerns

Moderate leverage levels may limit Mitsui High-Tec's financial flexibility, potentially impacting its ability to invest in growth opportunities or weather economic downturns.

Cash Flow Variability

Variability in free cash flow, driven by high capital expenditures, could strain Mitsui High-Tec's liquidity, affecting its capacity to fund operations and growth initiatives.

Net Income Decline

A decline in net income and net profit margin may signal challenges in maintaining profitability, potentially affecting shareholder returns and investment capacity.

Mitsui High-Tec, Inc. Business Overview & Revenue Model

Company Description

Mitsui High-tec, Inc. produces and sells lead frames, precision tools, motor cores, and surface grinders for electronics, automobile, and industrial machinery industries in Japan and internationally. It operates through Tooling, Electronic Parts, Electrical Parts, and Machinery segments. The company's precision tooling/precision parts products include motor core dies, lead frame dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, resin injection molding, and others. It also offers surface grinders, such as grinding machines, MSG series products, and profile grinders; and overhaul and parts repair services. In addition, the company provides open lead frames for semiconductor packages; and motor core stamping service. Further, it offers die maintenance services. The company was formerly known as Mitsui Mfg. Co., Ltd. and changed its name to Mitsui High-tec, Inc. in May 1984. Mitsui High-tec, Inc. was incorporated in 1934 and is headquartered in Kitakyushu, Japan.

How the Company Makes Money

Mitsui High-Tec generates revenue through the sale of its high-tech components and materials to various industries, including automotive, semiconductor, and electronics. Key revenue streams include the manufacturing and distribution of precision machined components and magnetic materials, which are essential for the performance of electronic devices and automotive applications. The company benefits from long-term contracts and partnerships with major industry players, providing stability and predictability in its revenue. Additionally, Mitsui High-Tec invests in research and development to create innovative products that meet evolving market demands, enhancing its competitive edge and driving sales growth.

Mitsui High-Tec, Inc. Financial Statement Overview

Summary

Mitsui High-Tec, Inc. exhibits strong growth and operational efficiency, particularly in revenue and margins. The balance sheet is solid, though the leverage needs monitoring. Cash flow management requires attention to improve free cash flow. Overall, the company is well-positioned in the semiconductor industry, with opportunities for further strengthening its financial stability.

Income Statement

The company has shown impressive growth in revenue over the years, with a significant increase from ¥97.35 billion in 2021 to ¥214.89 billion in 2025. The gross profit margin is robust, reflecting efficient cost management. However, there is a slight decline in net income, impacting the net profit margin. Despite this, the EBIT and EBITDA margins remain strong, showcasing the company's operational efficiency.

Balance Sheet

The balance sheet reveals a solid equity base with a healthy equity ratio, suggesting strong asset backing. However, the debt-to-equity ratio indicates a moderate level of leverage, which could pose risks if not managed properly. The return on equity remains competitive, reflecting the company's ability to generate profits from its equity.

Cash Flow

The cash flow statement indicates variability in free cash flow, with negative values in recent years due to high capital expenditures. The operating cash flow remains strong, but the free cash flow to net income ratio shows room for improvement. Overall, the company's cash generation ability is stable, but careful management is needed to enhance free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	219.25B	214.89B	195.88B	174.62B	139.43B	97.35B
Gross Profit	32.38B	32.38B	32.68B	35.94B	26.46B	13.41B
EBITDA	34.09B	30.54B	33.54B	31.92B	24.15B	11.18B
Net Income	9.33B	12.22B	15.54B	17.58B	11.78B	2.59B
Balance Sheet
Total Assets	234.39B	223.70B	195.70B	159.80B	134.04B	96.26B
Cash, Cash Equivalents and Short-Term Investments	56.43B	49.88B	39.25B	33.94B	31.31B	17.75B
Total Debt	86.85B	76.37B	62.48B	51.05B	48.88B	35.38B
Total Liabilities	125.07B	113.37B	98.70B	79.20B	72.65B	48.47B
Stockholders Equity	108.99B	109.98B	96.63B	80.31B	61.12B	47.54B
Cash Flow
Free Cash Flow	0.00	-1.46B	-4.78B	105.00M	-166.00M	-3.55B
Operating Cash Flow	0.00	24.37B	31.68B	22.08B	18.13B	8.96B
Investing Cash Flow	0.00	-26.51B	-36.39B	-19.59B	-17.74B	-12.51B
Financing Cash Flow	0.00	11.07B	8.83B	-665.00M	12.47B	1.71B

Mitsui High-Tec, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 760.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6966, the sentiment is Negative. The current price of 760 is above the 20-day moving average (MA) of 751.85, below the 50-day MA of 771.20, and above the 200-day MA of 742.99, indicating a bearish trend. The MACD of -9.76 indicates Positive momentum. The RSI at 39.91 is Neutral, neither overbought nor oversold. The STOCH value of 16.51 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6966.

Mitsui High-Tec, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5384	77 Outperform	¥184.21B	18.45	―	3.09%	14.85%	29.86%
6890	75 Outperform	¥247.35B	19.23	5.41%	3.28%	11.15%	-19.39%
6966	75 Outperform	¥137.98B	13.42	―	2.45%	4.60%	-21.64%
6871	67 Neutral	¥297.68B	29.54	―	1.02%	29.60%	24.39%
6315	66 Neutral	¥188.84B	30.68	10.10%	1.00%	-12.50%	-26.08%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6707	46 Neutral	¥130.37B	113.57	―	―	-51.82%	-96.08%

Mitsui High-Tec, Inc. Corporate Events

Mitsui High-Tec Reports Mixed Financial Results for Nine Months Ending October 2025

Mitsui High-Tec, Inc. reported a modest increase in net sales for the nine months ending October 31, 2025, despite a decline in operating and ordinary profits compared to the previous year. The company’s financial position showed a slight increase in total assets and net assets, although the equity-to-asset ratio decreased. The company maintained its dividend forecast, reflecting a cautious approach amid fluctuating profits.

The most recent analyst rating on (JP:6966) stock is a Buy with a Yen876.00 price target. To see the full list of analyst forecasts on Mitsui High-Tec, Inc. stock, see the JP:6966 Stock Forecast page.