Koito Manufacturing Co Ltd (JP:7276)
:7276
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Koito Manufacturing Co
(7276)
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Rating:76Outperform
Price Target:
¥3,165.00
▲(29.50% Upside)
Action:ReiteratedDate:02/01/26
The score is driven primarily by strong financial quality—especially the very low leverage and solid profitability—partly tempered by moderate cash conversion and revenue volatility. Technicals are supportive with price above major moving averages, while valuation appears reasonable but not a clear bargain.
Positive Factors
Very low leverage / strong balance sheet
Extremely low leverage and a large equity base materially reduce financial distress risk and provide flexibility across auto cycles. This balance-sheet strength supports program bidding, capex for new lighting tech, and steadier funding for operations and dividends over 2–6 months and beyond.
Negative Factors
Revenue volatility and uneven growth
Large swings in revenue linked to program timing and OEM production cycles make near-term top-line visibility weak. This unevenness challenges capacity planning, working-capital management, and consistent margin expansion, and can pressure returns when new program awards lag.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low leverage and a large equity base materially reduce financial distress risk and provide flexibility across auto cycles. This balance-sheet strength supports program bidding, capex for new lighting tech, and steadier funding for operations and dividends over 2–6 months and beyond.
Read all positive factors
Koito Manufacturing Co (7276) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥706.34B
Dividend Yield2.41%
Average Volume (3M)804.50K
Price to Earnings (P/E)14.1
Beta (1Y)0.76
Revenue Growth-0.73%
EPS Growth88.36%
CountryJP
Employees23,807
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)41.09
Shares Outstanding307,833,160
10 Day Avg. Volume729,430
30 Day Avg. Volume804,500
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)0.87
Price to Sales (P/S)0.59
P/FCF Ratio13.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,410.33Price Target Upside-1.38% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)114.19
Revenue Forecast (FY)¥924.37B
Koito Manufacturing Co Business Overview & Revenue Model
Company Description
Koito Manufacturing Co., Ltd. manufactures and markets automotive lighting equipment, electrical equipment, and other products in Japan, North America, China, rest of Asia, Europe, and internationally. The company provides automotive lighting prod...
How the Company Makes Money
Koito Manufacturing generates revenue primarily through the sale of automotive lighting products and systems to major automotive manufacturers, including original equipment manufacturers (OEMs) and aftermarket suppliers. The company has establishe...
Koito Manufacturing Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 931.54B | 916.71B | 950.29B | 864.72B | 760.72B | 706.38B |
| Gross Profit | 106.93B | 96.67B | 106.67B | 95.83B | 96.05B | 97.24B |
| EBITDA | 101.58B | 108.89B | 104.04B | 91.32B | 97.76B | 97.97B |
| Net Income | 40.08B | 46.24B | 40.88B | 29.66B | 38.34B | 37.61B |
Balance Sheet | ||||||
| Total Assets | 906.57B | 889.95B | 965.60B | 905.91B | 855.24B | 782.16B |
| Cash, Cash Equivalents and Short-Term Investments | 270.30B | 276.15B | 302.87B | 315.04B | 323.94B | 303.89B |
| Total Debt | 7.60B | 10.38B | 18.77B | 27.46B | 25.22B | 21.19B |
| Total Liabilities | 217.35B | 210.08B | 246.32B | 235.40B | 227.92B | 212.72B |
| Stockholders Equity | 631.03B | 627.20B | 671.93B | 628.83B | 591.16B | 537.83B |
Cash Flow | ||||||
| Free Cash Flow | 42.62B | 39.16B | 59.05B | 19.93B | 36.77B | 41.43B |
| Operating Cash Flow | 96.90B | 88.36B | 96.37B | 59.76B | 65.71B | 74.96B |
| Investing Cash Flow | 32.09B | -40.99B | -50.16B | -71.54B | -52.15B | -1.09B |
| Financing Cash Flow | -70.05B | -78.35B | -59.68B | -13.28B | -8.49B | -18.32B |
Koito Manufacturing Co Technical Analysis
Negative
2444.00
Price Trends
2576.78
Negative
2434.13
Positive
2221.57
Positive
Market Momentum
-26.57
Positive
34.48
Neutral
7.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7276, the sentiment is Negative. The current price of 2444 is below the 20-day moving average (MA) of 2634.63, below the 50-day MA of 2576.78, and above the 200-day MA of 2221.57, indicating a neutral trend. The MACD of -26.57 indicates Positive momentum. The RSI at 34.48 is Neutral, neither overbought nor oversold. The STOCH value of 7.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7276.
Koito Manufacturing Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥45.62B | 7.97 | 8.46% | 2.64% | -6.35% | 18.49% | |
78 Outperform | ¥276.86B | 8.56 | 6.37% | 2.88% | 4.86% | 10.95% | |
76 Outperform | ¥706.34B | 14.05 | 7.20% | 2.41% | -0.73% | 88.36% | |
75 Outperform | ¥473.04B | 7.76 | 8.58% | 2.62% | 1.44% | -0.92% | |
74 Outperform | ¥144.08B | 10.91 | ― | 2.93% | 1.77% | 117.03% | |
67 Neutral | ¥5.25T | 10.20 | 6.98% | 2.98% | 2.41% | 11.03% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
JP:7276
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Koito Manufacturing Co Corporate Events
Koito Advances Large-Scale Share Buyback, Nears ¥37 Billion in Repurchases
Mar 2, 2026
Koito Manufacturing has continued its ongoing share buyback program, repurchasing 190,000 common shares on the Tokyo Stock Exchange during February 2026 at a total cost of about ¥499.8 million. The acquisitions fall under a previously authori...
Koito Nears Cap on ¥50 Billion Share Buyback With Latest ToSTNeT-3 Repurchase
Mar 2, 2026
Koito Manufacturing has completed the latest tranche of its share buyback program, purchasing 3.9 million common shares on March 2, 2026, via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system for approximately ¥11.0 billion. This ...
Koito Sets ¥11 Billion Share Buyback via ToSTNeT-3 Under Ongoing Repurchase Program
Feb 27, 2026
Koito Manufacturing will repurchase up to 3.9 million of its common shares for approximately ¥11 billion through the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system, at the February 27 closing price of ¥2,821 per share, with tr...
Koito Reports No Share Buybacks in January Amid Ongoing ¥50 Billion Repurchase Program
Feb 2, 2026
Koito Manufacturing announced the January 2026 status of its ongoing share buyback program, reporting that it acquired no shares during the period from January 1 to January 31, 2026, resulting in zero outlay for acquisition costs that month. This ...
Koito Posts Higher Sales but Lower Profit, Keeps Fiscal 2025 Outlook and Dividend
Jan 30, 2026
Koito Manufacturing reported modest revenue growth but weaker bottom-line performance for the first nine months of fiscal 2025, with net sales rising 2.2% year on year to ¥690.0 billion and operating profit up 11.8%, while profit attributable...
Koito Advances Large-Scale Share Buyback, Reaching ¥36.25 Billion by Year-End 2025
Jan 6, 2026
Koito Manufacturing has reported the latest progress of its share buyback program authorized by its board in May 2025, disclosing that it repurchased 153,800 common shares on the Tokyo Stock Exchange during December 2025 at a total cost of ¥3...
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.