6918.T
Tokyo Electron Limited (6918.T) designs, develops, and sells semiconductor manufacturing equipment and systems, primarily serving the global semiconductor industry.
Business. Tokyo Electron Limited (6918.T) designs, develops, and sells semiconductor manufacturing equipment and systems, primarily serving the global semiconductor industry.
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- Peers
- EarningsQ2 2026 earnings (expected)2026-07-23 · estimated · Intel (INTC)
- EarningsQ2 2026 earnings (expected)2026-08-26 · estimated · NVIDIA (NVDA)
- EarningsQ3 2026 earnings (expected)2026-09-28 · estimated · Broadcom (AVGO)
- 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
Signals & dispatch
Composite-score breakdown
Synthesis
Tokyo Electron Limited (6918.T) designs, develops, and sells semiconductor manufacturing equipment and systems, primarily serving the global semiconductor industry.
Tokyo Electron maintains a strong capital structure with a debt-to-equity ratio of 0.0, indicating no long-term debt obligations. The company holds significant liquidity, with cash and equivalents amounting to ¥6.12 billion, and a current ratio of 9.77, which is well above the industry median. This liquidity position supports operational flexibility and resilience against short-term financial shocks.
Profitability metrics show a return on equity (ROE) of 5.67% and a return on assets (ROA) of 5.12%, both of which are in line with the industry's preferred metrics. However, these figures are below the cohort median for the Semiconductor Equipment & Testing industry, suggesting there is room for improvement in asset utilization and shareholder returns.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of segment and geographic diversification increases exposure to regional and sector-specific risks, such as supply chain disruptions or shifts in demand from key customers.
Tokyo Electron's growth trajectory appears to be slowing, with the most recent fiscal year showing a revenue of ¥10.98 billion. Analysts have estimated a mean revenue of ¥8.6 billion for the upcoming period, indicating a potential decline in revenue. This suggests a contraction in the company's market position or a broader industry slowdown.
Risk factors for Tokyo Electron are currently low, with no immediate liquidity or dilution flags detected. The company has not issued any recent dilutive instruments, and its capital structure remains stable. However, the negative operating and free cash flows of ¥522.7 million and ¥1.14 billion, respectively, indicate that the company is currently investing heavily in operations or capital expenditures, which could affect future liquidity.
There are no recent filings or transcripts provided in the data to indicate any material events or strategic shifts. The absence of recent disclosures suggests a stable but potentially stagnant business environment for the company.
- Tokyo Electron has a strong liquidity position with a current ratio of 9.77 and no long-term debt.
- The company's ROE and ROA are below the industry median, indicating potential inefficiencies in asset use and profitability.
- Revenue is concentrated in a single segment, increasing exposure to sector-specific risks.
- Analysts project a potential revenue decline, suggesting a possible slowdown in the company's growth trajectory.
- The company currently has no immediate liquidity or dilution risks, but negative cash flows may impact future financial flexibility.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 92,00 |
| Revenue | —no estimate | —no estimate | 8,6B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- ESG data
- 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
- 6918.T Market data — financials · 2026-05-27
- Aval Data Corp Market data — analyst estimates · 2026-05-27