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Makes electronic components (switches, sensors) and automotive infotainment/navigation systems under the Alpine brand.
Makes electronic components (switches, sensors) and automotive infotainment/navigation systems under the Alpine brand.
Formed in 2019 by merging Alps Electric, the components maker, with Alpine Electronics, the car-electronics maker, so it sells both infotainment systems to automakers and small parts to device makers. Revenue follows the car and device models it has won, since each runs for years.
In one line: A smaller TE Connectivity with a car-audio arm.
Moat: narrow (customer qualification, process know-how). Automaker qualification for infotainment systems and component know-how, but faces broad competition in both segments.
Headquarters: Tokyo, Japan · Founded: 1948 · Employees: 25,924
Size Alps Alpine (6770.T) is a Japan Information Technology company (Electronic Production Equipment) with a market value of $2.23B, the 453rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,794 on 6 Nov 2026.
Performance Over six months the shares fell 24.2%, against -28.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 5.1% over the last twelve months (peer median +15.2%); the operating margin is 3.2% (peer median 6.0%).
Valuation It trades at 10.8× forward earnings against a peer median of 29.3× (cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points below its cost of capital (6.5% WACC).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.06T | ¥1.02T | ¥990B | ¥964B | ¥933B |
| Revenue growth | — | +3% | +3% | +3% | — |
| Gross profit | ¥181B | ¥182B | ¥175B | ¥166B | ¥167B |
| EBITDA | ¥69.9B | ¥75.0B | ¥68.0B | ¥59.6B | ¥79.9B |
| Net income | ¥16.5B | ¥26.9B | ¥37.8B | -¥29.8B | ¥11.5B |
| Free cash flow | n/a | ¥52.3B | ¥22.8B | ¥41.8B | -¥28.4B |
| Capital expenditure | n/a | ¥60.0B | ¥50.6B | ¥56.0B | ¥52.4B |
| Total debt | ¥89.2B | ¥92.5B | ¥101B | ¥130B | ¥122B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Alps Alpine 6770.T | $2.23B | -24% | +5% | 3% | 10.8× | -3.8% |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 13.5× | 9.8% |
| TE Connectivity TEL | $59.5B | +1% | +15% | 22% | 15.1× | 8.2% |
| Nidec 6594.T | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6770.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.4% | -19.7% | 10th lowest of 21 |
| 6-month return | -24.2% | -28.5% | 10th highest of 21 |
| Distance from 52-week high | -24.9% | -57.5% | highest of 21 |
| Revenue growth (TTM) | +5.1% | +15.2% | 6th lowest of 21 |
| Operating margin | 3.2% | 6.0% | 8th lowest of 21 |
| Forward P/E | 10.8× | 29.3× | cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -3.8% | 6.3% | 2nd least demanding of 10 |
| Growth delivered (Del g) | +7.3% | +8.9% | 4th lowest of 10 |
| Hurdle (Req g minus delivered) | -11.0 pp | -2.7 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | -1.2 pp | -2.9 pp | 8th highest of 21 |
| EV / EBITDA | 5.1× | 15.3× | cheapest of 7 |
| Net debt / EBITDA | 0.0× | -1.5× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alps Alpine 6770.T | Japan | $2.23B | -24% | +5% | 3% | 10.8× | -3.8% | +7.3% |
| Shenzhen H&T Intelligent Control 002402.SZ | China | $2.23B | -49% | +2% | 6% | 41.3× | n/a | n/a |
| Foxconn Technology 2354.TW | Taiwan | $2.23B | -11% | +13% | 2% | 13.3× | n/a | n/a |
| XiaMen HongXin Electron-tech 300657.SZ | China | $2.21B | -18% | +4% | 8% | 28.2× | n/a | n/a |
| Universal Microwave Technology 3491.TWO | Taiwan | $2.26B | -36% | +36% | 27% | 42.9× | n/a | n/a |
| VECO VECO | United States | $2.27B | -37% | -3% | 4% | 13.3× | 37.1% | +7.9% |
| Benchmark Electronics BHE | United States | $2.16B | -29% | +13% | 4% | 17.7× | 13.8% | +5.3% |
| Xiamen Intretech 002925.SZ | China | $2.16B | -3% | +39% | 9% | 32.1× | n/a | n/a |
| Nippon Electric Glass 5214.T | Japan | $2.32B | -44% | +3% | 8% | 22.6× | 2.4% | +5.1% |
| Shenzhen Zesum Technology 301486.SZ | China | $2.41B | -42% | +57% | 3% | 99.2× | n/a | n/a |
| Shenzhen SED Industry 000032.SZ | China | $2.03B | -36% | +5% | 1% | 42.9× | 7.0% | +8.9% |
| Plug Power PLUG | United States | $2.03B | -54% | +11% | -68% | n/a | n/a | n/a |
| Kitron KIT.OL | Norway | $2.02B | -20% | +54% | 10% | 22.0× | -0.6% | +16.9% |
| Sinomag Technology 300835.SZ | China | $2.54B | +10% | +18% | 6% | 75.2× | n/a | n/a |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 86.7× | n/a | n/a |
| Shenzhen Microgate Technology 300319.SZ | China | $1.86B | +12% | +11% | 8% | 30.5× | 22.5% | +10.3% |
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% | +15.5% |
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 47.3× | n/a | n/a |
| DBG Technology 300735.SZ | China | $1.81B | -28% | +17% | 2% | 26.0× | 3.5% | +31.6% |