PerpEquities

Ibiden Co., Ltd. (IBIDEN) financials

JPX · Technology · Hardware, Equipment & Parts · 11,105 employees · CEO Koji Kawashima

Price
¥8,045.00 -3.76%
Market cap
¥4.55T
Enterprise value
¥4.29T
Last report
Q2 '27 filed 2026-09-30
Next report
2027-02-04 EPS est. ¥43.54
Revenue (TTM)¥483B+26.1% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)18.0%+5.0 pp vs a year agoOperating income ¥86.8B
Net income (TTM)¥80.2B+127.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)¥168B+541.6% vs a year agoCapex ¥94.8B
Diluted EPS (TTM)¥135.01+125.7% vs a year agoSum of the last 4 quarters
Net cash¥258B+1,039.5% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
¥4.55T
EV ¥4.29T
Revenue
¥483B
Trailing 12 months
Revenue growth
+33%
FY2027 consensus
Profit margin
16.6%
Net income / revenue, TTM
P/E
56.2×
Forward 51.3× (FY2027)
P/S
9.4×
Price / sales, TTM
EV / EBITDA
24.2×
TTM
Free cash flow
¥168B
Trailing 12 months
Net income
¥80.2B
Trailing 12 months
Revenue estimate
¥553B
FY2027 consensus
Earnings
2027-02-04
Revenue est. ¥145B
Dividend
¥30.00
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-10-29): revenue beat by 5.5%, EPS missed by 8.7%Revenue ¥140B vs ¥132B expected (+5.5%); EPS ¥36.56 vs ¥40.03 (-8.7%).
  • Revenue growth accelerating: 42.1% year on yearQ2 '27 revenue ¥139B, against an average of 16.6% over the four quarters before.
  • Operating margin 18.0% (TTM), +5.0 pp on a year agoOperating income grew 74.8% while revenue grew 26.1%.
  • 26.7% of pre-tax profit is non-operatingPre-tax income ¥118B vs operating income ¥86.8B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
  • Capex 19.6% of revenue (a year ago 38.8%)¥94.8B invested in the last 4 quarters (-36.3% on a year earlier). Free cash flow ¥168B = 209.5% of net income.
  • Returned ¥8.41B to shareholders = 5.0% of free cash flowBuybacks ¥19M (a year earlier ¥639M), dividends ¥8.39B, stock-based pay ¥0 (TTM).
  • Diluted share count up 0.2% in a year595M diluted shares in Q2 '27, 594M a year earlier.
  • Net cash ¥258BCash + short-term investments ¥420B, debt incl. leases ¥162B; a year ago net cash ¥22.7B.

Last quarter: Q2 '27

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q2 '27Year agoChange
Revenue¥139B¥98B+42.1%
Gross margin37.9%32.5%+5.4 pp
Operating income¥33.2B¥14B+137.9%
Operating margin23.9%14.3%+9.6 pp
Net income¥20.7B¥9.34B+121.2%
Diluted EPS¥34.72¥15.74+120.7%
Operating cash flow¥97.3B¥27.1B+258.5%
Capex¥32.6B¥36.3B-10.4%
Free cash flow¥64.7B-¥9.2B+803.4%
R&D¥0¥0–
Stock-based compensation¥0¥0–

Reported vs consensus

2026-10-29
ActualConsensusvs consensus
Revenue¥140B¥132B+5.5%
EPS (as estimated)¥36.56¥40.03-8.7%

From the report of 2026-10-29 for Q2 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
¥263B
Capex
-¥94.8B
Buybacks
-¥19M
Dividends
-¥8.39B
Acquisitions
¥1.1B
Net debt issued
-¥69B
Stock-based compensation
¥0
Free cash flow
¥168B
Returned to shareholders / FCF
5.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)56.2×22.5×14.1× – 32.3×
EV / EBITDA24.2×7.8×4.8× – 12.3×
EV / Sales8.9×2.4×1.4× – 4.7×
Price / FCF27.1×1,797.7× 4 of 5 years15.2× – 7,123.1×
Price / Book7.5×2.2×1.1× – 3.7×
FCF yield3.7%0.1%-14.1% – 6.6%
Return on invested capital7.6%5.8%3.5% – 9.0%
Return on equity14.1%9.7%6.4% – 12.4%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2027¥553B+32.9%¥156.86+46.0%51.3×15
FY2028¥698B+26.2%¥232.55+48.2%34.6×17
FY2029¥884B+26.6%¥332.38+42.9%24.2×15
FY2030¥1.01T+14.1%¥414.85+24.8%19.4×6
FY2031¥1.16T+14.8%¥486.30+17.2%16.5×7

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02