3891.T
The company designs, develops, and sells electronic equipment and parts, primarily serving the technology sector.
Business. 3891.T is a technology equipment company operating within the electronic equipment and parts industry. The firm generates revenue primarily through product sales, serving end markets such as automotive electronics, industrial sectors, semiconductors, and medical devices. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
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- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Synthesis
3891.T is a technology equipment company operating within the electronic equipment and parts industry. The firm generates revenue primarily through product sales, serving end markets such as automotive electronics, industrial sectors, semiconductors, and medical devices. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
The company maintains a strong liquidity position, with a current ratio of 3.04 and cash and equivalents amounting to 4,741,850,000 JPY. However, its net cash position is negative after subtracting total debt, indicating potential liquidity constraints. The price-to-book ratio of 3.07 and a debt-to-equity ratio of 0.22 suggest a relatively conservative capital structure with limited leverage.
Profitability metrics show a return on equity of 10.09% and a return on assets of 7.42%, which are strong indicators of efficient asset utilization and profitability. The company's operating income of 3,419,225,000 JPY and net income of 2,642,982,000 JPY reflect solid operational performance. These figures are in line with the industry's preferred metrics, indicating that the company is performing at or above the median for its sector.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This concentration may pose a risk if the segment experiences a downturn or if the company's market share is challenged. The company's market share is not explicitly stated, but its revenue of 18,624,523,000 JPY suggests a significant presence in the industry.
Looking ahead, the company is expected to see a modest increase in revenue, with analyst estimates projecting a mean revenue of 19,400,000,000 JPY for the upcoming fiscal year. This represents a growth rate of approximately 4.16% compared to the previous year's revenue of 18,624,520,000 JPY. The company's capital expenditure of -1,627,153,000 JPY indicates a reduction in investment, which may affect long-term growth prospects.
The company faces a medium liquidity risk due to its negative net cash position after accounting for total debt. Additionally, the risk assessment indicates a low potential for dilution, suggesting that the company is not likely to issue additional shares in the near term. The company's recent financial performance and analyst estimates suggest a stable outlook, but the negative net cash position remains a concern.
Recent events, including the company's financial performance and analyst estimates, indicate a stable but cautious outlook. The company's last actual EPS of 250.67 JPY is slightly below the mean estimate of 277.70 JPY, suggesting potential for improvement in earnings. The company's mean price target of 3,000.00 JPY is significantly lower than the current market price of 7,630.00 JPY, indicating a potential overvaluation.
- The company has a strong liquidity position with a current ratio of 3.04 and significant cash reserves.
- Profitability metrics, including a return on equity of 10.09%, indicate efficient asset utilization and strong operational performance.
- The company's revenue is concentrated in a single business segment, which may pose a risk if the segment experiences a downturn.
- Analyst estimates suggest a modest revenue growth of approximately 4.16% for the upcoming fiscal year.
- The company faces a medium liquidity risk due to its negative net cash position after accounting for total debt.
- The company's mean price target is significantly lower than the current market price, indicating a potential overvaluation.
Bull / Bear case
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 277,70 |
| Revenue | —no estimate | —no estimate | 19,4B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
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Risk factors
- Net cash is negative after subtracting total debt.
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- 3891.T Market data — financials · 2026-05-26
- Nippon Kodoshi Corp Market data — analyst estimates · 2026-05-26