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Hamamatsu Photonics K.K. logo

Hamamatsu Photonics K.K.

6965.T

JPXTechnologyHardware, Equipment & Parts

Open in GoAI

Latest quote

¥2,343.5

−¥23.50 · -0.99%

Aug 24, 1:41 PM JSTData delayed

6965.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
JP

Market position

Day range

Current ¥2,343.5

52-week range

Current ¥2,343.5

Open
¥2,350
Previous close
¥2,367
Volume
1.48M
Market cap
682.34B JPY
50-day average
¥2,499.45
-6.24% below average
200-day average
¥2,077.59
+12.80% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
463.51B JPY
P/E (TTM)
40.16×
P/B (TTM)
2.14×
P/S (TTM)
2.97×
EV / EBITDA
10.56×
Earnings yield
2.95%
Free cash flow yield
0.39%
Dividend yield
1.62%

Profitability & efficiency

Gross margin
47.88%
Operating margin
8.81%
Net margin
7.50%
Return on equity
4.42%
Return on assets
3.11%
Return on invested capital
2.81%

Financial health

Debt / equity
0.3×
Current ratio
2.18×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends59%40%21%2%Gross margin, FY2021: 49.34%Gross margin, FY2022: 53.82%Gross margin, FY2023: 54.19%Gross margin, FY2024: 50.93%Gross margin, FY2025: 47.81%Operating margin, FY2021: 20.30%Operating margin, FY2022: 27.29%Operating margin, FY2023: 25.59%Operating margin, FY2024: 15.75%Operating margin, FY2025: 7.62%Net margin, FY2021: 14.82%Net margin, FY2022: 19.78%Net margin, FY2023: 19.34%Net margin, FY2024: 12.33%Net margin, FY2025: 6.70%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 49.34%. Gross margin FY2022 53.82%. Gross margin FY2023 54.19%. Gross margin FY2024 50.93%. Gross margin FY2025 47.81%. Operating margin FY2021 20.30%. Operating margin FY2022 27.29%. Operating margin FY2023 25.59%. Operating margin FY2024 15.75%. Operating margin FY2025 7.62%. Net margin FY2021 14.82%. Net margin FY2022 19.78%. Net margin FY2023 19.34%. Net margin FY2024 12.33%. Net margin FY2025 6.70%.

Income trends

Revenue

212.05B JPY+3.97%

Operating income

16.16B JPY-49.68%

Net income

14.2B JPY-43.52%
Income trends across reported periods242.17B JPY159.27B JPY76.38B JPY−6.52B JPYRevenue, FY2021: 169.03B JPYRevenue, FY2022: 208.8B JPYRevenue, FY2023: 221.45B JPYRevenue, FY2024: 203.96B JPYRevenue, FY2025: 212.05B JPYOperating income, FY2021: 34.32B JPYOperating income, FY2022: 56.98B JPYOperating income, FY2023: 56.68B JPYOperating income, FY2024: 32.12B JPYOperating income, FY2025: 16.16B JPYNet income, FY2021: 25.05B JPYNet income, FY2022: 41.3B JPYNet income, FY2023: 42.83B JPYNet income, FY2024: 25.15B JPYNet income, FY2025: 14.2B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 169.03B JPY. Revenue FY2022 208.8B JPY. Revenue FY2023 221.45B JPY. Revenue FY2024 203.96B JPY. Revenue FY2025 212.05B JPY. Operating income FY2021 34.32B JPY. Operating income FY2022 56.98B JPY. Operating income FY2023 56.68B JPY. Operating income FY2024 32.12B JPY. Operating income FY2025 16.16B JPY. Net income FY2021 25.05B JPY. Net income FY2022 41.3B JPY. Net income FY2023 42.83B JPY. Net income FY2024 25.15B JPY. Net income FY2025 14.2B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue212.05B JPY203.96B JPY221.45B JPY208.8B JPY169.03B JPY
Cost of goods sold110.67B JPY100.08B JPY101.44B JPY96.42B JPY85.63B JPY
Gross profit101.38B JPY103.88B JPY120.01B JPY112.38B JPY83.4B JPY
Research and development18.44B JPY13.55B JPY12.3B JPY11.27B JPY11.37B JPY
Selling, general, and administrative61.05B JPY54.23B JPY47.6B JPY40.77B JPY34.22B JPY
Operating expenses85.22B JPY71.77B JPY63.33B JPY55.4B JPY49.08B JPY
Interest income1.59B JPY1.39B JPY683M JPY223M JPY198M JPY
Interest expense804M JPY174M JPY120M JPY82M JPY53M JPY
Depreciation and amortization22.36B JPY17.76B JPY14.52B JPY13.51B JPY13.55B JPY
Operating income16.16B JPY32.12B JPY56.68B JPY56.98B JPY34.32B JPY
Net income14.2B JPY25.15B JPY42.83B JPY41.3B JPY25.05B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
-35.51%
11 comparable reports
Latest EPS result
11.75
Estimate 9.43 · Beat by 24.60%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates46.229.312.41-4.49Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 13.76, estimate 42, surprise -67.24%, Miss. Q2 2025, reported May 9, 2025: actual 19.19, estimate 32.3, surprise -40.59%, Miss. Q3 2025, reported Aug 7, 2025: actual -0.99, estimate 42, surprise -102.36%, Miss. Q4 2025, reported Nov 7, 2025: actual 15.36, estimate 30.5, surprise -49.64%, Miss. Q1 2026, reported Feb 5, 2026: actual 9.38, estimate 20.7, surprise -54.69%, Miss. Q2 2026, reported May 14, 2026: actual 21.94, estimate 25.83, surprise -15.06%, Miss. Q3 2026, reported Aug 6, 2026: actual 11.75, estimate 9.43, surprise +24.60%, Beat. Q4 2026, reported Nov 6, 2026: actual —, estimate 42.7, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates66.8B59.92B53.04B46.15BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 50.59B JPY, estimate 53.76B JPY, surprise -5.90%, Miss. Q2 2025, reported May 9, 2025: actual 56.16B JPY, estimate 55.13B JPY, surprise +1.87%, Beat. Q3 2025, reported Aug 7, 2025: actual 48.72B JPY, estimate 51.72B JPY, surprise -5.80%, Miss. Q4 2025, reported Nov 7, 2025: actual 56.58B JPY, estimate 57.15B JPY, surprise -0.99%, Miss. Q1 2026, reported Feb 5, 2026: actual 51.91B JPY, estimate 51.93B JPY, surprise -0.03%, Miss. Q2 2026, reported May 14, 2026: actual 60.65B JPY, estimate 55.83B JPY, surprise +8.63%, Beat. Q3 2026, reported Aug 6, 2026: actual 60.55B JPY, estimate 56.78B JPY, surprise +6.65%, Beat. Q4 2026, reported Nov 6, 2026: actual —, estimate 64.23B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥38.00

2025 complete year+26.7% since 2021

2026 partial: ¥19.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥19.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

Dividend

Ex-dividend Mar 30, 2026

¥19.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 2, 2026

Dividend

Ex-dividend Sep 29, 2025

¥19.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 22, 2025

Dividend

Ex-dividend Mar 28, 2025

¥19.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 3, 2025

Dividend

Ex-dividend Sep 27, 2024

¥38.00

Semi-Annual

Record Sep 30, 2024

Dividend

Ex-dividend Mar 28, 2024

¥38.00

Semi-Annual

Record Mar 31, 2024 · Payment Jun 4, 2024

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ETFs holding 6965.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
1.87B
Weight
0.06%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.3+0.07%
iShares JPX-Nikkei 400 ETF logoiShares JPX-Nikkei 400 ETF1364.T
Market value
549.38M
Weight
0.09%
AUM
592.34B JPY
Expense ratio
0.05%
Price / 1D
¥3,759-0.05%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
58.83M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
38.38M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
30.91M
Weight
0.02%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
15.11M
Weight
0.11%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
Schwab International Equity ETF logoSchwab International Equity ETFSCHF
Market value
9.83M
Weight
0.01%
AUM
69.7B USD
Expense ratio
0.03%
Price / 1D
$28.46+0.85%
Vanguard FTSE All-World ex-US ETF logoVanguard FTSE All-World ex-US ETFVEU
Market value
9.32M
Weight
0.01%
AUM
95.9B USD
Expense ratio
0.04%
Price / 1D
$85.69+0.82%

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