V-Technology Co (7717) AI Stock Analysis

• Market Cap: ¥44.87B
• Dividend Yield: 2.67%
• Average Volume (3M): 136.26K
• Price to Earnings (P/E): 4.6
• Beta (1Y): 1.35
• 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: 76 Outperform
• Price Target: ¥5,146.00 ▲(66.27% Upside)
• Action: Reiterated Date: 03/11/26
• Date: Action: Reiterated 03/11/26

The score is driven primarily by strong technical momentum and an attractive valuation (low P/E with dividend support). Financial performance is improving (revenue and free cash flow recovery, solid balance sheet) but is held back by persistently thin profitability.

Positive Factors

Balance sheet strength

A manageable debt-to-equity ratio (0.63) and a stable equity ratio (45.8%) provide durable financial flexibility. This lowers refinancing and solvency risk, supports capex or cyclical downturns, and preserves optionality for strategic investments over the next 2–6 months.

Improved free cash flow

A rebound to 4.33 billion yen FCF and a high operating-cash-to-net-income ratio signal stronger cash conversion. Durable cash generation improves ability to fund R&D, customer projects, dividends or debt reduction without relying on external financing.

Revenue recovery & industry exposure

A 23.7% revenue uptick in 2025 alongside exposure to industrial automation and machine vision implies recovering demand and structural end‑market tailwinds. Sustained recovery supports scale, recurring project pipelines, and long‑term customer relationships.

Negative Factors

Thin net profit margins

A 1.7% net margin is structurally low, constraining retained earnings and the firm's capacity to absorb cost shocks or fund growth internally. Persistent thin margins limit return resilience and make strategic investments more dependent on execution improvements.

Volatile revenue history

Although 2025 showed a recovery, revenues remain below 2020 and have been inconsistent. This volatility undermines predictable cashflows, complicates capacity planning and weakens operating leverage benefits needed for sustainable margin expansion.

Modest return on equity & prior cash instability

ROE around 2.4% indicates limited capital efficiency and a slow ability to generate shareholder returns. Combined with prior negative FCF, the firm still shows execution and profitability risk that could hinder sustained reinvestment and growth.

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

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V-Technology Co Financial Statement Overview

Summary

Financials show a recovery in revenue and improved free cash flow, supported by a stable balance sheet with manageable leverage. However, profitability remains weak with thin net margins (1.7%), limiting the score despite improving operating cash generation.

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	3.34B	2.99B	2.20B	2.63B	7.18B	8.71B
Net Income	791.00M	800.00M	778.00M	260.00M	4.20B	3.51B
Balance Sheet
Total Assets	71.13B	73.55B	76.03B	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	39.96B	41.39B	37.50B	38.06B	47.67B
Stockholders Equity	32.63B	33.50B	34.37B	33.60B	34.17B	31.27B
Cash Flow
Free Cash Flow	0.00	4.33B	-5.28B	-4.22B	-640.00M	18.71B
Operating Cash Flow	0.00	5.34B	-4.76B	-3.28B	1.41B	20.17B
Investing Cash Flow	0.00	-1.47B	-254.00M	-1.16B	-1.55B	-1.25B
Financing Cash Flow	0.00	-471.00M	1.34B	2.75B	-5.84B	1.97B

V-Technology Co Technical Analysis

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

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 4470.50, below the 50-day MA of 3784.40, and below the 200-day MA of 3265.37, indicating a bullish trend. The MACD of 228.69 indicates Positive momentum. The RSI at 57.77 is Neutral, neither overbought nor oversold. The STOCH value of 70.29 is Neutral, 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	$14.33T	30.90	12.80%	0.78%	7.09%	7.51%
6866	79 Outperform	¥101.26B	15.13	―	3.23%	7.28%	4.16%
6951	78 Outperform	¥303.25B	8.42	―	2.04%	-0.69%	-29.88%
7717	76 Outperform	¥44.87B	4.58	6.12%	2.67%	-7.95%	-34.83%
6965	74 Outperform	$589.35B	44.29	4.03%	2.25%	3.97%	-41.76%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6645	57 Neutral	¥898.73B	36.79	2.99%	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.