Added to YB: 2026-10-01
Pitch date: 2026-09-27
6965.T [bearish]
Hamamatsu Photonics K.K.
+6.48%
current return
Author Info
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Company Info
Hamamatsu Photonics K.K. manufactures and sells photomultiplier tubes, imaging devices, light sources, opto-semiconductors, and imaging and analyzing systems in Japan and internationally.
Market Cap
JPY 663.4B
Pitch Price
JPY 2.3K
Price Target
N/A
Dividend
1.65%
EV/EBITDA
14.14
P/E
39.39
EV/Sales
2.85
Sector
Electronic Equipment, Instruments and Components
Category
N/A
HAMAMATSU PHOTONICS (6965) Financial Analysis
6965.T (earnings): Hamamatsu Photonics’ 39.89x trailing P/E appears to price in substantial confidence despite weak earnings quality. Operating profit fell 71.5% from FY2023 to FY2025, with 81.3% of the decline persisting at the EBITDA level; 73% of the recent nine-month recovery came from FX. ROE remains below the company’s cost of equity, while the Laser segment is still loss-making even after adding back goodwill amortization.
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