6390.T
The company designs, manufactures, and sells heavy machinery and industrial vehicles, primarily serving construction, mining, and infrastructure sectors.
Business. The company designs, manufactures, and sells heavy machinery and industrial vehicles, primarily serving construction, mining, and infrastructure sectors.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company designs, manufactures, and sells heavy machinery and industrial vehicles, primarily serving construction, mining, and infrastructure sectors.
The company's capital structure is characterized by a debt-to-equity ratio of 0.99, indicating a balanced mix of debt and equity financing. However, its liquidity position is constrained, with negative free cash flow of -6,968,000,000 JPY and operating cash flow of -13,318,000,000 JPY, suggesting operational cash generation is insufficient to cover obligations. The current ratio of 1.98 implies the company can cover short-term liabilities with current assets, but the negative net cash position after subtracting total debt raises concerns about liquidity risk.
Profitability metrics are severely underperforming relative to industry norms. The company reported a net loss of -6,033,000,000 JPY and an operating loss of -6,208,000,000 JPY, with return on equity and return on assets of -13.53% and -5.87%, respectively. These figures indicate a significant deviation from the industry's preferred metrics of positive returns and gross margin stability, highlighting operational inefficiencies and cost overruns.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of segmentation and geographic exposure increases vulnerability to sector-specific downturns and regional economic shifts.
Growth trajectory is negative, with the company reporting a net loss in the latest fiscal year. Analysts recorded a last actual revenue of 52,932,000,000 JPY, but no forward-looking revenue guidance is provided to assess future performance. The absence of capital expenditure growth and negative operating cash flow further suggest a contraction in business activity.
Risk factors include medium liquidity risk due to negative free cash flow and operating cash flow, as well as a high debt load relative to equity. Dilution risk is currently low, with no significant adjustments or dilution sources identified in the valuation data. However, the company's negative net income and operating income raise concerns about its ability to service debt and maintain solvency without external financing.
Recent events include the filing of financial results showing a significant operating and net loss, with no disclosed material events or earnings call transcripts to provide additional context on strategic or operational changes.
- The company is experiencing significant operational losses, with a net loss of -6,033,000,000 JPY and an operating loss of -6,208,000,000 JPY.
- Liquidity is constrained, with negative free cash flow and operating cash flow, and a negative net cash position after subtracting total debt.
- Profitability metrics are severely underperforming, with return on equity and return on assets of -13.53% and -5.87%, respectively.
- The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification.
- Growth trajectory is negative, with no forward-looking revenue guidance provided and no capital expenditure growth observed.
- **margin_outlook_rationale**: Margins are expected to remain under pressure due to operational losses and cost overruns.
- **rd_outlook_rationale**: No specific R&D outlook is provided, but the company's negative operating cash flow suggests limited investment in innovation.
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 6390.T Market data — financials · 2026-05-27
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