Ryoden (8084) AI Stock Analysis

• Market Cap: ¥76.45B
• Dividend Yield: 3.41%
• Average Volume (3M): 22.70K
• Price to Earnings (P/E): 15.3
• Beta (1Y): 0.98
• Revenue Growth: -12.80%
• EPS Growth: 4.26%
• Country: JP
• Employees: 1,360
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 57.38
• Shares Outstanding: 21,612,038
• 10 Day Avg. Volume: 19,160
• 30 Day Avg. Volume: 22,696
• PEG Ratio: -0.64
• Price to Book (P/B): 0.62
• Price to Sales (P/S): 0.25
• P/FCF Ratio: 3.02
• 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: 70 Outperform
• Price Target: ¥4,048.00 ▲(11.67% Upside)
• Action: Reiterated Date: 02/02/26
• Date: Action: Reiterated 02/02/26

The score is driven primarily by solid financial stability (especially the low-debt balance sheet) and a reasonable valuation supported by a ~3.29% dividend yield. These positives are offset by limited growth and thin margins, along with cash-flow volatility and a recent drop in free cash flow. Technicals are moderately positive but not strongly momentum-driven.

Positive Factors

Strong balance sheet

Exceptionally low leverage and a large equity base give Ryoden durable financial flexibility to fund working capital for project wins, withstand industry cyclicality, and invest in system-integration capabilities without needing external financing, supporting long-term resilience.

Broad, service-led business model

A mix of trading, systems integration, engineering/construction, and recurring maintenance creates diversified revenue streams. Higher-margin integration and service contracts bolster customer stickiness and recurring income, reducing reliance on cyclical distribution sales over the medium term.

Solid recent cash generation

Strong absolute operating and free cash flow in the trailing period supports dividends, capex, and working capital for large projects. Reliable cash conversion underpins capital allocation flexibility and funds investments in systems and lifecycle services that drive durable growth.

Negative Factors

Limited revenue growth

Flat top-line over the latest annual periods signals constrained organic growth and limited market-share expansion. Without sustained revenue gains, operating leverage is hard to realize, limiting long-term earnings growth and the scale needed to expand higher-margin services.

Thin profitability margins

Low gross and net margins leave limited room to absorb input cost inflation or competitive pricing pressure. Margin thinness constrains reinvestment capacity and reduces return on equity, making it harder to sustainably improve shareholder returns over the medium term.

Volatile cash flows and recent FCF drop

Historic swings in operating and free cash flow and a sharp recent FCF decline increase uncertainty in funding for capex, projects and dividends. Volatility can force reliance on balance sheet buffers and hampers predictable reinvestment into systems and recurring services.

Ryoden Business Overview & Revenue Model

Company Description

Ryoden Corporation sells factory automation (FA) systems, cooling and heating systems, information and communication technologies (ICT) and facilities systems, and electronics in Japan and internationally. The company offers industrial mechatronics/machining equipment, vision sensors, power and environmental peripheral equipment, power distribution control devices, power controllers, drive devices, cloud based integrated monitoring systems, sensors, transformers and static capacitors, edge computing products, industrial robots, displays and SCADA, deep learning products; HAVC and residential equipment, and equipment for low-temperature applications. It also provides beacons, indoor positioning systems, ICT components, and IoT and monitoring solutions; elevators and escalators, security camera systems, and finger authentication devices; and building, parking-facility, transport equipment. In addition, the company offers semiconductors, communication equipment and modules, optical devices, circuit boards, finished metal products, coils and transformers, connectors and sockets, capacitors, plastics, liquid crystal oscillators, textile products, cast and wrought products, resistors, power sources and batteries, cables and heaters, chemical products, fuses, filters, motors, other electrical and electronic products. Further, it provides image data management and operational support systems for health care business. The company was formerly known as Ryoden Trading Company, Limited and changed its name to Ryoden Corporation in June 2016. Ryoden Corporation was incorporated in 1947 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Ryoden generates revenue through multiple streams, primarily by acting as a distributor of electronic components and systems. The company earns profits from the sales of products to manufacturers and other businesses in various sectors, including automotive, consumer electronics, and industrial applications. Additionally, Ryoden provides value-added services such as logistics support, product development, and technical consulting, which contribute to its income. Strategic partnerships with major manufacturers and technology firms enhance its market reach and product offerings, further bolstering its revenue. The company also benefits from favorable market trends in the electronics industry, which drive demand for its products and services.

Ryoden Financial Statement Overview

Summary

Financials are stable overall, led by a very strong balance sheet (very low leverage; sizable equity base). This is tempered by flat TTM revenue versus the last annual period, thin profitability (TTM gross margin ~13.7%, net margin ~2.4%), and uneven cash-flow consistency with a notable TTM free-cash-flow decline (~-34.9% vs prior period).

Income Statement

TTM (Trailing-Twelve-Months) revenue is essentially flat versus the last annual period (about 211B vs. 216B), following a noticeable drop from 2024 levels, which limits the growth profile. Profitability is steady but modest for the industry, with TTM gross margin ~13.7% and net margin ~2.4%, and operating profitability holding around ~3.3%. Net income is stable-to-slightly higher in TTM versus FY2025, but the multi-year trajectory shows earnings not consistently expanding alongside revenue, keeping the score in the middle range.

Balance Sheet

The balance sheet is a clear strength: leverage is very low with TTM debt-to-equity ~0.03, and equity is sizable (~90B) versus total assets (~148B), providing strong financial flexibility. Returns on equity are moderate (TTM ~5.6%), down from the ~6–7% range seen in earlier years, suggesting profitability is not fully matching the balance sheet strength. Overall, the company looks well-capitalized with limited balance-sheet risk.

Cash Flow

Cash generation is currently solid, with TTM operating cash flow ~12.5B and free cash flow ~12.1B, and free cash flow running roughly in line with net income (TTM free cash flow to net income ~0.98). However, cash flow has been volatile across the period, including negative operating/free cash flow in FY2022–FY2023, and TTM free cash flow is sharply down versus the prior annual period (growth ~-34.9%). This combination of recent strength but uneven consistency keeps the score moderate.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	210.80B	215.79B	259.01B	260.30B	229.13B	196.84B
Gross Profit	29.15B	27.54B	29.23B	29.48B	26.15B	21.84B
EBITDA	8.19B	7.34B	9.14B	8.98B	7.73B	4.04B
Net Income	5.26B	4.70B	5.74B	5.37B	5.00B	2.34B
Balance Sheet
Total Assets	148.00B	142.00B	156.03B	151.05B	140.97B	125.53B
Cash, Cash Equivalents and Short-Term Investments	38.31B	33.31B	19.32B	11.80B	11.64B	21.13B
Total Debt	2.28B	2.62B	3.22B	3.42B	822.00M	407.00M
Total Liabilities	58.02B	52.78B	68.95B	71.15B	66.21B	55.61B
Stockholders Equity	89.96B	89.20B	87.08B	79.89B	74.76B	69.92B
Cash Flow
Free Cash Flow	12.05B	18.22B	9.41B	-2.75B	-8.06B	1.70B
Operating Cash Flow	12.52B	18.45B	9.94B	-199.00M	-7.62B	1.94B
Investing Cash Flow	-1.37B	-15.00M	-710.00M	-1.25B	-1.33B	183.00M
Financing Cash Flow	-4.49B	-4.20B	-2.28B	-115.00M	-883.00M	-1.05B

Ryoden Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3625.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8084, the sentiment is Positive. The current price of 3625 is above the 20-day moving average (MA) of 3620.75, below the 50-day MA of 3640.70, and above the 200-day MA of 3133.69, indicating a bullish trend. The MACD of 1.68 indicates Negative momentum. The RSI at 58.35 is Neutral, neither overbought nor oversold. The STOCH value of 77.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8084.

Ryoden Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7609	80 Outperform	¥63.94B	12.98	―	2.87%	10.24%	61.61%
6323	77 Outperform	¥586.08B	27.20	―	0.79%	15.38%	-26.84%
7510	75 Outperform	¥42.06B	14.91	―	3.02%	7.09%	13.13%
8084	70 Outperform	¥76.45B	15.29	5.37%	3.41%	-12.80%	4.26%
2737	66 Neutral	¥95.22B	11.65	―	2.41%	16.05%	3.58%
3132	64 Neutral	¥493.51B	23.54	―	2.87%	8.99%	-43.21%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Ryoden Corporate Events

Ryoden Lifts Profit and Dividend Payout Despite Lower Sales Over Nine Months

Ryoden Corporation reported a 3.1% year-on-year decline in net sales to ¥153.8 billion for the nine months ended December 31, 2025, but improved profitability at the bottom line, with profit attributable to owners of parent rising 19.8% to ¥3.4 billion and earnings per share up to ¥158.27. Operating and ordinary profits both declined single digits, yet comprehensive income increased 25.3%, and the company maintained a solid financial position with total assets of ¥148.0 billion, net assets of ¥90.0 billion and an equity ratio of 60.7%. Reflecting confidence in its earnings capacity, Ryoden lifted interim shareholder returns versus the previous year and is planning total annual dividends of ¥136 per share for the year ending March 31, 2026, up from ¥106, while keeping full-year guidance unchanged at ¥215.0 billion in sales and ¥5.0 billion in profit attributable to owners of parent, implying modest growth in net income despite flat revenue expectations.

The most recent analyst rating on (JP:8084) stock is a Hold with a Yen4060.00 price target. To see the full list of analyst forecasts on Ryoden stock, see the JP:8084 Stock Forecast page.