6402.T
The company designs, manufactures, and sells heavy machinery and vehicles, primarily serving construction, mining, and industrial sectors.
Business. The company designs, manufactures, and sells heavy machinery and vehicles, primarily serving construction, mining, and industrial sectors.
At a glance
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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 vehicles, primarily serving construction, mining, and industrial sectors.
The company maintains a conservative capital structure, with a debt-to-equity ratio of 0.21, indicating a low reliance on debt financing. Its liquidity position is strong, as evidenced by a current ratio of 1.92 and cash and equivalents of ¥1.58 billion, which provides a buffer against short-term obligations. The price-to-book ratio of 0.94 suggests that the company is trading at a slight discount to its book value, potentially reflecting market skepticism or undervaluation.
Profitability metrics show a return on equity of 9.81% and a return on assets of 5.8%, which are in line with industry norms for capital-intensive manufacturing firms. The operating margin of 7.34% (calculated from operating income of ¥975.68 million on revenue of ¥13.3 billion) is consistent with the industry's cost structure, where high fixed costs and capital expenditures are typical.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns or supply chain disruptions. The company's operations are primarily based in Japan, and its revenue is derived from domestic and international markets, though the exact geographic breakdown is not available.
Looking ahead, the company is projected to maintain stable revenue growth, with a price-to-earnings ratio of 9.54 and a price-to-revenue ratio of 0.5, suggesting that the market is pricing in moderate earnings growth expectations. Capital expenditures of ¥85.18 million in the latest period indicate a focus on maintaining and upgrading existing facilities rather than aggressive expansion.
Risk factors include potential liquidity constraints if cash flow from operations declines, though the company's current liquidity position is robust. The risk of dilution is low, as the number of shares outstanding has not changed between basic and diluted shares, and no recent equity issuance or shelf registration has been disclosed. The company's financial health is further supported by a low debt load and strong operating cash flow of ¥733.3 million.
Recent filings and transcripts do not indicate any material changes in the company's strategic direction or financial outlook. The company continues to focus on core industrial machinery markets, with no significant new product launches or market expansions disclosed in the latest available data.
- The company maintains a conservative capital structure with a low debt-to-equity ratio of 0.21.
- Strong liquidity is supported by a current ratio of 1.92 and ¥1.58 billion in cash and equivalents.
- Profitability metrics are in line with industry norms, with a return on equity of 9.81% and a return on assets of 5.8%.
- Revenue is concentrated in a single business segment, increasing exposure to regional economic risks.
- The company is projected to maintain stable revenue growth, with a price-to-earnings ratio of 9.54 and a price-to-revenue ratio of 0.5.
- Risk of dilution is low, with no recent equity issuance or shelf registration disclosed.
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- No immediate filing-based liquidity or dilution flags were detected.
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- 6402.T Market data — financials · 2026-05-27