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Stock Analysis & ValuationYasunaga Corporation (7271.T)

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¥1,117.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)679.84-39
Intrinsic value (DCF)623.34-44
Graham-Dodd Method1271.7214
Graham Formula489.08-56

Strategic Investment Analysis

Company Overview

Yasunaga Corporation (7271.T) is a Japan-based manufacturer specializing in engine parts, machine tools, and electronics systems, serving the automotive and industrial machinery sectors. Founded in 1923 and headquartered in Iga, Japan, the company produces critical automotive components such as connecting rods, cylinder heads, camshafts, and crankshafts, alongside precision machine tools like fracture splitting machines and transfer machines. Additionally, Yasunaga supplies wire saws for solar cell production and environmental equipment for medical, industrial, and aquaculture applications. Operating in the Auto - Parts sector, Yasunaga plays a vital role in Japan's automotive supply chain, leveraging decades of engineering expertise to serve both domestic and international markets. With a diversified product portfolio and a strong presence in industrial machinery, the company remains a key player in Japan's manufacturing ecosystem.

Investment Summary

Yasunaga Corporation presents a mixed investment profile. The company benefits from stable demand in the automotive parts sector, supported by Japan's strong manufacturing base. However, its financials reveal challenges, including high total debt (JPY 16.08 billion) relative to cash reserves (JPY 6.23 billion) and modest net income (JPY 607 million). The company's beta of 0.812 suggests lower volatility compared to the broader market, which may appeal to risk-averse investors. While operating cash flow (JPY 3.21 billion) is positive, capital expenditures (JPY -1.63 billion) indicate ongoing investments in production capacity. The dividend yield (JPY 12 per share) provides some income appeal, but investors should monitor debt levels and automotive sector cyclicality.

Competitive Analysis

Yasunaga Corporation competes in the highly specialized automotive and industrial machinery components market, where precision engineering and long-term supplier relationships are critical. The company's competitive advantage lies in its diversified product portfolio, spanning engine components, machine tools, and environmental equipment, which reduces reliance on any single market segment. Its strong presence in Japan's automotive supply chain provides stability, but global competition and supply chain shifts pose risks. Yasunaga's expertise in fracture splitting machines and transfer machines differentiates it in niche industrial applications. However, the company faces pressure from larger multinational automotive suppliers with greater R&D budgets and global distribution networks. Its relatively small market cap (JPY 5.32 billion) limits scale advantages compared to industry leaders. The company's ability to maintain profitability (3.5% net margin) in a competitive, capital-intensive industry demonstrates operational efficiency, but its high debt-to-equity ratio could constrain growth opportunities compared to better-capitalized peers.

Major Competitors

  • Nippon Piston Ring Co., Ltd. (7270.T): Nippon Piston Ring specializes in piston rings and engine components, competing directly with Yasunaga in automotive parts. The company benefits from strong OEM relationships but lacks Yasunaga's diversification into machine tools and environmental equipment. Its focus on precision components gives it technological depth in specific engine parts.
  • Aisin Seiki Co., Ltd. (7259.T): Aisin Seiki is a much larger automotive supplier with global operations, offering a broader range of components and systems. While Aisin has greater scale and R&D resources, Yasunaga's specialization in certain engine parts and machine tools allows it to compete in niche segments where Aisin may not focus.
  • Toyota Industries Corporation (6201.T): Toyota Industries is a diversified machinery and automotive components giant with strong ties to Toyota Motor. Its vast resources and vertical integration pose a competitive threat, but Yasunaga's focus on specialized engine components and smaller-scale machine tools allows it to serve customers requiring customized solutions.
  • Mitsubishi Heavy Industries, Ltd. (7011.T): Mitsubishi Heavy Industries competes in industrial machinery and energy systems, overlapping with Yasunaga's machine tool segment. While MHI has far greater scale and technological resources, Yasunaga's specialization in fracture splitting and transfer machines provides differentiation in specific manufacturing applications.
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