Siix Corporation (7613) AI Stock Analysis

• Market Cap: ¥66.40B
• Dividend Yield: 3.56%
• Average Volume (3M): 121.08K
• Price to Earnings (P/E): 26.6
• Beta (1Y): 0.93
• Revenue Growth: -4.40%
• EPS Growth: -15.23%
• Country: JP
• Employees: 9,538
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -38.46
• Shares Outstanding: 50,400,000
• 10 Day Avg. Volume: 140,860
• 30 Day Avg. Volume: 121,083
• PEG Ratio: -0.74
• Price to Book (P/B): 0.60
• Price to Sales (P/S): 0.21
• P/FCF Ratio: 2.64
• 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: 67 Neutral
• Price Target: ¥1,465.00 ▲(11.92% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven primarily by improving balance sheet and supportive cash generation, partially offset by recent revenue declines and sharp margin compression. Technicals add support with price above key moving averages and a positive MACD, while valuation is constrained by a ~25x P/E despite a ~3.6% dividend yield.

Positive Factors

Balance-sheet improvement

Reduced leverage and a steady build in equity materially improve financial flexibility. Lower debt servicing requirements give management more capacity to invest in operations, withstand downturns, and prioritize strategic capital allocation over the next several quarters.

Consistent positive free cash flow

Sustained positive free cash flow across recent years supports dividends, debt reduction and reinvestment without reliance on external financing. This cash-generation profile underpins durable liquidity and funds strategic initiatives or working-capital needs through cycles.

Stable EMS / supply-chain business model

A diversified EMS and supply-chain services mix creates recurring, contract-driven revenue and operational stickiness. Scale in procurement, assembly and logistics gives competitive sourcing advantages and long-term customer relationships that support durable revenue base.

Negative Factors

Recent revenue decline

Two consecutive years of revenue contraction interrupt prior growth momentum and constrain operating leverage. Slower top-line trends reduce internal reinvestment capacity and increase reliance on margin recovery or external demand improvement to restore earnings growth.

Profitability compression and volatility

Sharp margin compression after 2023 indicates pressure on pricing, mix or cost control that erodes earnings power. Continued volatility in margins impairs forecasting, makes capital allocation harder, and raises the risk that improved cash flow could reverse in stress periods.

Exposure to customer volumes and mix

Dependence on customer production cycles and the mix between manufacturing and trading makes revenues and margins sensitive to end-market demand and component availability. This structural cyclicality increases earnings variability and operational risk over medium term.

Siix Corporation Business Overview & Revenue Model

Company Description

SIIX Corporation engages in the parts procurement, logistics, trading, and electronics manufacturing businesses in Japan and internationally. It is involved in the sale and distribution of electronic components; manufacturing plastic molding and die products; and circuit board mounting, assembly, and processing of devices and components used in automobile equipment, industrial devices, household electrical appliances, information equipment, general electronic parts, and others. The company also offers design for manufacturability technical support services; and design for localization services. In addition, it offers various logistics services, including kitting, vendor managed inventory, and just in time to support the inventory management systems; and joint design and manufacturing services in the fields of optics and sensors, communications and IoT, robotics, raw materials, and energy management. SIIX Corporation was founded in 1957 and is headquartered in Osaka, Japan.

How the Company Makes Money

Siix Corporation generates revenue through several key streams, primarily from its supply chain management services, which include procurement, logistics, and inventory solutions. The company charges clients for its services based on project fees, retainer contracts, and performance-based incentives tied to efficiency improvements. Additionally, Siix has established strategic partnerships with major players in the electronics and automotive sectors, which not only expands its client base but also allows for collaborative projects that enhance service offerings. The company also benefits from recurring revenue through long-term contracts that provide consistent income, contributing to its financial stability.

Siix Corporation Financial Statement Overview

Summary

Overall financial quality is moderate. Balance sheet strength is improving with meaningfully lower leverage and higher equity, and recent free cash flow is positive. Offsetting this, revenue turned negative in 2024–2025 and profitability compressed sharply from 2023 levels, reducing near-term earnings stability.

Income Statement

Revenue expanded strongly in 2021–2023, but growth turned negative in 2024 and 2025, signaling a recent slowdown. Profitability has been volatile: net margin peaked in 2023 and then compressed sharply in 2024–2025, with net income down materially versus the 2023 high. Gross margin has been fairly stable around ~9–10%, but the recent decline in operating and net profitability suggests weaker pricing, mix, or cost pressure.

Balance Sheet

Leverage has improved meaningfully, with debt-to-equity declining from elevated levels in 2020–2022 to a more moderate level by 2025, alongside a steady build in equity. Total assets have remained broadly stable while the company reduced debt, which improves financial flexibility. Return on equity was strong in 2023 but cooled in 2024, consistent with the earnings step-down.

Cash Flow

Cash generation has improved versus earlier years, with operating cash flow and free cash flow turning solidly positive after weakness in 2021–2022. Free cash flow remains positive in 2023–2025 and broadly tracks earnings, supporting balance-sheet strengthening. That said, cash flow has been somewhat uneven over the cycle (including negative periods), which tempers confidence in consistency.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	295.87B	289.49B	302.31B	309.77B	277.03B	226.83B
Gross Profit	29.50B	28.21B	28.61B	30.85B	25.79B	20.12B
EBITDA	19.38B	18.02B	17.25B	21.18B	16.50B	11.09B
Net Income	5.00B	2.49B	3.75B	8.19B	4.73B	4.56B
Balance Sheet
Total Assets	198.50B	207.86B	217.48B	216.84B	205.17B	169.92B
Cash, Cash Equivalents and Short-Term Investments	23.08B	30.07B	22.82B	18.24B	13.79B	9.48B
Total Debt	43.63B	39.75B	52.87B	60.24B	61.26B	50.01B
Total Liabilities	102.70B	104.07B	116.45B	127.29B	127.78B	103.55B
Stockholders Equity	95.30B	103.25B	100.49B	89.10B	76.96B	65.96B
Cash Flow
Free Cash Flow	0.00	23.36B	16.62B	9.47B	-3.54B	-16.24B
Operating Cash Flow	0.00	26.54B	23.10B	19.80B	5.57B	-8.11B
Investing Cash Flow	0.00	-2.26B	-9.09B	-10.39B	-8.89B	-7.76B
Financing Cash Flow	0.00	-16.40B	-12.32B	-5.99B	6.68B	869.00M

Siix Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1309.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7613, the sentiment is Positive. The current price of 1309 is below the 20-day moving average (MA) of 1326.70, below the 50-day MA of 1317.05, and above the 200-day MA of 1247.61, indicating a bullish trend. The MACD of 24.11 indicates Negative momentum. The RSI at 58.13 is Neutral, neither overbought nor oversold. The STOCH value of 82.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7613.

Siix Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6914	80 Outperform	¥105.87B	15.81	―	1.68%	2.72%	33.10%
6859	75 Outperform	¥85.01B	15.14	―	3.12%	2.78%	-5.32%
6908	70 Outperform	¥84.71B	22.40	―	3.05%	10.79%	12.28%
7613	67 Neutral	¥66.40B	26.61	―	3.56%	-4.40%	-15.23%
6615	65 Neutral	¥9.76B	-4.49	-10.20%	2.98%	-5.25%	-281.76%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Siix Corporation Corporate Events

SIIX Raises Year-End Dividend, Lifting Annual Shareholder Payout

SIIX Corporation has approved a year-end dividend of ¥25 per share for the fiscal year ended December 31, 2025, up from the previously forecast ¥24 and the prior year’s ¥24, bringing total annual dividends to ¥49 per share versus ¥48 a year earlier. The total year-end payout will be ¥1,178 million, sourced from retained earnings, and the proposal, aligned with the company’s policy of stable and continuous profit distribution, will be submitted for approval at the 34th Annual General Meeting of Shareholders scheduled for March 26, 2026, underscoring a modest enhancement of shareholder returns while preserving funds for future growth.

The most recent analyst rating on (JP:7613) stock is a Hold with a Yen1449.00 price target. To see the full list of analyst forecasts on Siix Corporation stock, see the JP:7613 Stock Forecast page.

SIIX Posts Lower FY2025 Sales but Strong Cash Flow and Projects Earnings Rebound in 2026

SIIX Corp. reported full-year 2025 consolidated net sales of ¥289.5 billion, down 4.2% year on year, while operating profit inched up 3.4% to ¥8.9 billion and ordinary profit rose 11.4% to ¥9.2 billion, but profit attributable to owners of parent fell 33.7% to ¥2.5 billion, reflecting compressed margins and weaker comprehensive income. Despite lower earnings per share of ¥52.82 and a decline in total assets, equity increased and the equity ratio improved to 49.7%, with strong operating cash flow of ¥26.5 billion underpinning higher year-end cash, and the company slightly raised its annual dividend to ¥49 per share while forecasting a recovery in 2026 to ¥300 billion in net sales and a sharp rebound in profit attributable to owners of parent to ¥6 billion, implying a more than doubling of EPS and signaling management’s confidence in earnings normalization and continued shareholder returns.

The firm’s 2025 cash flow profile showed robust inflows from operations and disciplined investment spending, while financing cash outflows, including dividends, weighed on cash but still left a stronger year-end liquidity position that may support future growth initiatives. For 2026, SIIX guides to modest top-line growth and mid-single-digit operating profit expansion, although it expects ordinary profit to edge down, suggesting potential changes in non-operating items, but the projected 141.1% surge in profit attributable to owners points to improved profitability and capital efficiency that could be supportive for shareholders if achieved.

The most recent analyst rating on (JP:7613) stock is a Hold with a Yen1449.00 price target. To see the full list of analyst forecasts on Siix Corporation stock, see the JP:7613 Stock Forecast page.

SIIX Corp. Lifts Profitability and Cash, Hikes Dividend Despite Lower Sales

SIIX Corp. reported fiscal 2025 consolidated net sales of ¥289.5 billion, down 4.2% year on year, while operating profit edged up 3.4% to ¥8.9 billion and ordinary profit rose 11.4% to ¥9.2 billion. Profit attributable to owners of parent fell 33.7% to ¥2.5 billion, compressing basic earnings per share to ¥52.82, even as stronger operating cash flow lifted year-end cash and cash equivalents to ¥29.8 billion.

The company’s equity ratio improved to 49.7% and net assets rose to ¥103.8 billion, underpinned by higher comprehensive income and a modest reduction in total assets. SIIX raised its annual dividend to ¥49 per share for 2025 and plans ¥50 for 2026, while forecasting a recovery in 2026 with sales of ¥300 billion and a sharp rebound in bottom-line profitability, projecting profit attributable to owners of parent of ¥6.0 billion and significantly higher earnings per share.

The most recent analyst rating on (JP:7613) stock is a Hold with a Yen1449.00 price target. To see the full list of analyst forecasts on Siix Corporation stock, see the JP:7613 Stock Forecast page.

SIIX to Book ¥5.4 Billion Valuation Loss on Overseas Subsidiaries

SIIX Corporation has resolved to record an extraordinary loss of ¥5,416 million on the valuation of its investments in three wholly owned subsidiaries—SIIX HUBEI Co., Ltd. in China, SIIX Hungary Kft., and SIIX EMS Slovakia s.r.o.—after a significant decline in their substantive value. The impairment will be booked in the company’s non-consolidated financial statements for the fiscal year ending December 31, 2025, but will be fully eliminated in consolidated accounts because the subsidiaries’ financial positions are already reflected there, limiting the impact primarily to the parent company’s standalone results rather than group-level performance.

The most recent analyst rating on (JP:7613) stock is a Hold with a Yen1449.00 price target. To see the full list of analyst forecasts on Siix Corporation stock, see the JP:7613 Stock Forecast page.

SIIX Raises Full-Year Profit Outlook Despite Slight Dip in Sales Forecast

SIIX Corporation has revised its full-year consolidated earnings forecast for the fiscal year ended December 31, 2025, slightly lowering projected net sales but raising profit estimates. While net sales are now expected to be marginally lower than previously forecast, the company has upgraded its outlook for operating profit and ordinary profit, and more than doubled its forecast for profit attributable to owners of the parent, resulting in a substantial increase in projected earnings per share. The higher profit forecast reflects reduced downside risk from earlier concerns over fixed asset valuation at Chinese subsidiaries amid a weak real estate market and from the liquidation of a European subsidiary, suggesting improved visibility on one-off impacts and a more resilient earnings profile for shareholders.

The most recent analyst rating on (JP:7613) stock is a Hold with a Yen1449.00 price target. To see the full list of analyst forecasts on Siix Corporation stock, see the JP:7613 Stock Forecast page.

Siix Corporation Announces Strategic Personnel Changes to Strengthen Leadership

Siix Corporation has announced personnel changes within its Board of Directors and executive team, effective March 26, 2026, following approval at the forthcoming Annual General Shareholders’ Meeting. These changes include the appointment of three new outside directors with substantial leadership experience and global acumen, and adjustments in leadership roles for current executives to optimize corporate management operations. This strategic restructuring aims to enhance corporate governance and operational efficiency, aligning with the company’s growth objectives.

The most recent analyst rating on (JP:7613) stock is a Hold with a Yen1298.00 price target. To see the full list of analyst forecasts on Siix Corporation stock, see the JP:7613 Stock Forecast page.