Added to YB: 2026-05-14
Pitch date: 2026-05-12
4062.T [neutral]
Ibiden Co.,Ltd.
+41.09%
current return
Author Info
No bio for this author
Company Info
Ibiden Co.,Ltd. provides electronics in Japan, the rest of Asia, North America, Europe, and internationally.
Market Cap
JPY 5.6T
Pitch Price
JPY 15.9K
Price Target
N/A
Dividend
0.17%
EV/EBITDA
38.88
P/E
86.22
EV/Sales
12.29
Sector
Electronic Equipment, Instruments and Components
Category
growth
Ibiden 4QFY25 Earnings: When Difficulty Starts to Pay
4062.T (earnings): Q4 moved toward difficulty-as-economic-power thesis. Electronics OPM expanded 500bp to 18.6% (guide 22.7% FY26, ~29% FY27). FY26 profit upgrade driven 14:1 by ASP/mix vs volume—AI substrates getting larger/denser, fewer qualified suppliers. FY27 op profit raised 67% to ¥150B; FY30 target ¥300B at 30% margin. Talent constraint (not capital) now bottleneck. Advance payments fell to ¥81B (watch for inflection). Key tests: advances >¥90B, Ono util >90%, OPM sustain >22%, ROIC >12% by FY28.
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