V-Technology Co (7717) AI Stock Analysis

• Market Cap: ¥45.06B
• Dividend Yield: 2.67%
• Average Volume (3M): 136.26K
• Price to Earnings (P/E): 21.5
• Beta (1Y): 1.41
• Revenue Growth: -7.95%
• EPS Growth: -34.83%
• Country: JP
• Employees: 955
• Sector: Industrials
• Sector Strength: 72
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 163.37
• Shares Outstanding: 10,057,600
• 10 Day Avg. Volume: 111,680
• 30 Day Avg. Volume: 136,256
• PEG Ratio: 6.47
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.47
• P/FCF Ratio: 5.06
• 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: 66 Neutral
• Price Target: ¥5,033.00 ▲(62.62% Upside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

The score is primarily supported by improving financials—especially the rebound in revenue and a return to positive free cash flow—backed by a stable balance sheet with manageable leverage. This is tempered by persistently thin profitability and technical indicators that show strong momentum but an overbought/extended condition. Valuation is reasonable (P/E 17.65) with a moderate dividend yield (2.04%), offering some support but not enough to fully offset margin/ROE concerns.

Positive Factors

Revenue Rebound

A 23.7% YoY revenue rebound indicates recovering end-market demand and improved order flow. If sustained, higher revenue supports better capacity utilization and fixed-cost absorption, making margin recovery and reinvestment more achievable over the next 2–6 months.

Positive Free Cash Flow

Turning FCF positive at ¥4.33B and a cash conversion ratio of 6.68 demonstrates the company's ability to convert earnings into real cash. Durable cash generation enhances financial flexibility to fund capex, dividends or debt reduction without relying on external financing.

Manageable Leverage

A debt-to-equity of 0.63 and ~45.8% equity ratio indicate moderate leverage and a stable capital structure. That balance sheet strength provides resilience through industry cyclicality and capacity to support targeted investments or absorb short-term shocks over the medium term.

Negative Factors

Thin Net Margins

Very slim net margins (1.7%) and low ROE (2.4%) constrain internal reinvestment and create limited buffer against cost inflation. Persistently low profitability reduces shareholder returns and increases sensitivity to modest revenue or input-cost setbacks in the medium term.

Revenue Still Below 2020

Despite recent recovery, revenue remaining below 2020 levels signals either lost market share or structural demand weakness. This raises the risk that current growth is cyclical rebound rather than sustained expansion, limiting durable upside over coming quarters.

Prior Cash Flow Volatility

Historical swings from negative to positive cash flow indicate operational volatility. If cash generation proves inconsistent, it can constrain reliable funding for capex, dividends or debt reduction and make strategic planning and margin improvement less predictable.

V-Technology Co Business Overview & Revenue Model

Company Description

V Technology Co., Ltd. engages in the development, manufacture, sale, and service of equipment for flat panel displays (FPDs) and semiconductors in Japan. It offers manufacturing and inspection equipment for the inspection, repair, and measurement of FPDs. The company also provides photomask equipment; parts and materials for manufacturing FPDs; maintenance services; salvage services; and staffing services. In addition, it offers wafer inspection equipment and probers for MRAM. V Technology Co., Ltd. was incorporated in 1997 and is headquartered in Yokohama, Japan.

How the Company Makes Money

V-Technology Co generates revenue primarily through the sale of its manufacturing equipment and precision instruments. The company operates on a business-to-business (B2B) model, supplying products to manufacturers in the semiconductor and electronics sectors. Key revenue streams include direct sales of equipment, maintenance and support services, and customized solutions tailored to specific client needs. Significant partnerships with major technology firms and continuous investment in research and development contribute to its competitive edge and enhance its earnings potential.

V-Technology Co Financial Statement Overview

Summary

Revenue rebounded strongly in 2025 (+23.7% YoY) and free cash flow turned positive (4.33B yen) with strong cash conversion (operating cash flow to net income of 6.68). Balance sheet leverage is manageable (debt-to-equity 0.63; equity ratio 45.8%), but profitability remains a key constraint with thin net margins (1.7%) and modest ROE (2.4%).

Income Statement

The company has shown fluctuating revenues with a recent recovery. Revenue for 2025 increased by 23.7% over 2024 but is still below 2020 levels. Gross profit margin improved slightly to 26.3% in 2025 from 28.4% in 2024. EBIT and EBITDA margins are stable, but net profit margins remain thin at 1.7% for 2025, indicating low profitability.

Balance Sheet

The balance sheet remains strong with a debt-to-equity ratio of 0.63, indicating manageable leverage. The equity ratio is stable at 45.8%. Return on equity is improving but remains modest at 2.4% in 2025. Consistent stockholder equity suggests financial stability despite fluctuating revenues.

Cash Flow

Cash flow has improved significantly with a positive free cash flow of 4.33 billion yen in 2025, rebounding from negative figures in prior years. The operating cash flow to net income ratio is strong at 6.68, showing efficient cash generation relative to net income. However, past instability remains a concern.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	44.66B	46.18B	37.34B	43.15B	51.42B	55.19B
Gross Profit	12.21B	12.13B	10.61B	10.95B	15.49B	15.71B
EBITDA	2.91B	2.68B	2.59B	3.26B	8.21B	9.21B
Net Income	790.00M	800.00M	778.00M	260.00M	4.20B	3.51B
Balance Sheet
Total Assets	71.13B	73.20B	75.61B	71.39B	72.60B	80.59B
Cash, Cash Equivalents and Short-Term Investments	23.13B	26.67B	23.10B	26.73B	27.90B	33.28B
Total Debt	19.34B	21.24B	20.43B	18.29B	13.55B	15.88B
Total Liabilities	38.44B	39.62B	40.97B	37.51B	38.06B	47.68B
Stockholders Equity	32.63B	33.50B	34.37B	33.60B	34.17B	31.27B
Cash Flow
Free Cash Flow	0.00	4.33B	-5.40B	-4.25B	-816.00M	18.58B
Operating Cash Flow	0.00	5.34B	-4.76B	-3.28B	1.41B	20.17B
Investing Cash Flow	0.00	-1.47B	-440.00M	-1.20B	-1.55B	-1.25B
Financing Cash Flow	0.00	-471.00M	1.53B	2.78B	-5.84B	1.97B

V-Technology Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3095.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7717, the sentiment is Positive. The current price of 3095 is below the 20-day moving average (MA) of 3790.00, below the 50-day MA of 3370.62, and below the 200-day MA of 3163.32, indicating a bullish trend. The MACD of 351.25 indicates Negative momentum. The RSI at 84.18 is Negative, neither overbought nor oversold. The STOCH value of 90.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7717.

V-Technology Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6861	80 Outperform	¥16.02T	38.32	12.80%	0.78%	7.09%	7.51%
6866	79 Outperform	¥105.76B	19.22	―	3.23%	7.28%	4.16%
6951	78 Outperform	¥351.36B	21.69	―	2.04%	-0.69%	-29.88%
6965	74 Outperform	¥625.35B	47.17	4.19%	2.25%	3.97%	-41.76%
7717	66 Neutral	¥45.06B	21.48	2.31%	2.67%	-7.95%	-34.83%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6645	57 Neutral	¥1.09T	46.64	3.60%	2.62%	3.51%	―

V-Technology Co Corporate Events

V-Technology Lifts Profit Outlook as Earnings Rebound and Dividend Held Steady

V-Technology reported consolidated net sales of ¥32.06 billion for the nine months to December 31, 2025, up 0.7% year on year, with operating profit climbing to ¥627 million and ordinary profit to ¥755 million. Net profit attributable to owners surged to ¥1.30 billion, lifting earnings per share to ¥138.04 and reflecting a solid profit recovery despite largely flat revenue.

Total assets rose to ¥76.72 billion and net assets to ¥34.77 billion, with the equity ratio broadly stable at 45.2%, indicating a steady financial base. The company kept its dividend plan unchanged at an annual ¥80 per share and now expects full-year fiscal 2026 net sales of ¥56.0 billion and net profit of ¥2.7 billion, implying strong earnings growth and signaling improved profitability to shareholders.

During the period, one significant subsidiary was added and one, Lumiotec, was removed, but there were no changes in accounting policies or estimates. The share count remained stable, with a modest reduction in treasury shares, supporting per-share metrics and underlining management’s focus on shareholder returns alongside earnings expansion.

The most recent analyst rating on (JP:7717) stock is a Hold with a Yen3310.00 price target. To see the full list of analyst forecasts on V-Technology Co stock, see the JP:7717 Stock Forecast page.