Techno Alpha Co Ltd

Techno Alpha Co Ltd maintains a strong liquidity position, with a current ratio of 3.19 and cash and equivalents amounting to ¥592.19 billion, which is significantly higher than the typical liquidity requirements for firms in the Semiconductor Equipment & Testing industry. The company's debt-to-equity ratio is 0.16, indicating a conservative capital structure with limited leverage. This low debt level supports the company's ability to fund operations and capital expenditures without significant financial risk.

In terms of profitability, Techno Alpha Co Ltd reported a net income of ¥29.79 billion and an operating income of ¥34.98 billion in the latest period. The return on equity (ROE) is 1.62%, and the return on assets (ROA) is 1.12%, both of which are below the industry median for Semiconductor Equipment & Testing firms. This suggests that the company is underperforming in terms of capital efficiency and asset utilization.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of segment and geographic diversification increases the company's exposure to regional and sector-specific risks.

Looking ahead, the company's growth trajectory appears modest. The latest financial data does not provide specific forward-looking revenue guidance, but the company's operating cash flow of ¥25.37 billion and capital expenditures of -¥69.14 billion suggest a focus on maintaining and upgrading existing facilities rather than aggressive expansion. Analyst estimates indicate a recent actual revenue of ¥4.52 billion, which is lower than the company's full-year revenue of ¥9.52 billion, suggesting a possible seasonal or cyclical pattern in its business.

The risk assessment for Techno Alpha Co Ltd indicates a low probability of liquidity and dilution risks. The company has no immediate filing-based liquidity or dilution flags, and its capital structure remains stable with no significant changes in shares outstanding between basic and diluted shares. The absence of dilution risk is further supported by the company's low debt levels and strong cash reserves.

Recent events, as reflected in the latest financial filings, show a stable financial position with no major disruptions or unexpected expenses. The company's financial statements do not indicate any recent acquisitions, divestitures, or significant changes in management or strategy that could impact its future performance.

Revenue grew 13.9% year-over-year to JPY 4.52 trillion in fiscal 2026, reflecting sustained top-line expansion.

The company maintains a low debt-to-equity ratio of 0.16, suggesting a conservative capital structure with limited leverage risk.

Cash conversion ratio of 0.85 lags the cohort median of 0.96, implying less efficient translation of operating income into cash.

Revenue ¥982.0M, +45,7% YoY; Operating income +462,6% YoY.

• ▍Revenue ¥982.0M, +45,7% YoY
• ▍Operating income +462,6% YoY
• ▍Net income +482,0% YoY
• ▍Net margin 5.5%

Revenue ¥1.49B, +13,3% YoY; Operating income −33,9% YoY.

• ▍Revenue ¥1.49B, +13,3% YoY
• ▍Operating income −33,9% YoY
• ▍Net income −43,0% YoY
• ▍Net margin 5.4%

Revenue ¥1.36B, +94,4% YoY; Operating income +8 978,9% YoY.

• ▍Revenue ¥1.36B, +94,4% YoY
• ▍Operating income +8 978,9% YoY
• ▍Net income +1 633,1% YoY
• ▍Net margin 19.5%

Revenue ¥995.7M, +4,6% YoY; Operating income +220,4% YoY.

• ▍Revenue ¥995.7M, +4,6% YoY
• ▍Operating income +220,4% YoY
• ▍Net income +171,8% YoY
• ▍Net margin 8.1%

Revenue ¥674.0M; Operating income -¥20.5M.

• ▍Revenue ¥674.0M
• ▍Operating income -¥20.5M
• ▍Net margin -2.1%

Revenue ¥1.32B; Operating income ¥181.8M.

• ▍Revenue ¥1.32B
• ▍Operating income ¥181.8M
• ▍Net margin 10.7%

Revenue ¥699.8M; Operating income -¥4.2M.

• ▍Revenue ¥699.8M
• ▍Operating income -¥4.2M
• ▍Net margin -2.5%

Revenue ¥952.1M; Operating income ¥35.0M.

• ▍Revenue ¥952.1M
• ▍Operating income ¥35.0M
• ▍Net margin 3.1%

Revenue ¥4.52B, +13,9% YoY; Operating income +115,1% YoY.

• ▍Revenue ¥4.52B, +13,9% YoY
• ▍Operating income +115,1% YoY
• ▍Net income +94,3% YoY
• ▍Free cash flow +180,9% YoY
• ▍Net margin 9.1%

Revenue ¥3.97B, −9,2% YoY; Operating income +39,0% YoY.

• ▍Revenue ¥3.97B, −9,2% YoY
• ▍Operating income +39,0% YoY
• ▍Net income +27,8% YoY
• ▍Free cash flow +6,0% YoY
• ▍Net margin 5.4%

Revenue ¥4.37B, +2,4% YoY; Operating income −39,6% YoY.

• ▍Revenue ¥4.37B, +2,4% YoY
• ▍Operating income −39,6% YoY
• ▍Net income −27,5% YoY
• ▍Free cash flow −34,7% YoY
• ▍Net margin 3.8%

Revenue ¥4.27B, +35,6% YoY; Operating income +155,3% YoY.

• ▍Revenue ¥4.27B, +35,6% YoY
• ▍Operating income +155,3% YoY
• ▍Net income +102,2% YoY
• ▍Free cash flow +102,5% YoY
• ▍Net margin 5.4%