Loading…
Fabless Japanese semiconductor company designing custom ASICs/SoCs for consumer electronics, gaming and industrial uses.
Fabless Japanese semiconductor company designing custom ASICs/SoCs for consumer electronics, gaming and industrial uses.
Designs custom chips to a customer's specification and is paid per chip shipped once the design wins a product, so a few large programmes, historically including Nintendo's game consoles, dominate sales. It has no factories of its own and relies on outside foundries.
In one line: A smaller, Japan-based fabless ASIC house like Marvell's custom-silicon business.
Moat: narrow (IP / patents, customer qualification). Design IP and long qualification cycles with a small number of large customers.
Headquarters: Osaka, Japan · Founded: 1990 · Employees: 328
Size Megachips (6875.T) is a Japan Information Technology company (Electronic Components) with a market value of $772M, the 854th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥8,010 on 6 Nov 2026.
Performance Over six months the shares fell 17.4%, against -16.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 1.7% over the last twelve months (peer median +14.3%); the operating margin is 1.4% (peer median 6.5%).
Valuation It trades at 3.4× forward earnings against a peer median of 18.6× (cheapest of 15).
Capital Return on invested capital runs 10.3 points below its cost of capital (10.4% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥39.8B | ¥36.2B | ¥42.3B | ¥57.9B | ¥70.7B |
| Revenue growth | — | -15% | -27% | -18% | — |
| Gross profit | ¥6.90B | ¥5.51B | ¥7.83B | ¥11.4B | ¥12.0B |
| EBITDA | ¥1.85B | ¥1.02B | ¥3.56B | ¥6.77B | ¥7.12B |
| Net income | ¥43.3B | ¥9.28B | ¥5.37B | ¥4.49B | ¥7.09B |
| Free cash flow | -¥3.55B | ¥3.39B | -¥6.03B | ¥7.22B | ¥452M |
| Capital expenditure | ¥3.20B | ¥2.89B | ¥3.19B | ¥2.03B | ¥1.96B |
| Total debt | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
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 |
|---|---|---|---|---|---|---|
| Megachips 6875.T | $772M | -17% | +2% | 1% | 3.4× | n/a |
| Socionext 6526.T | $1.78B | -16% | +21% | 5% | 21.1× | n/a |
| Renesas Electronics 6723.T | $27.9B | -23% | +26% | 24% | 9.9× | 12.2% |
| Marvell Technology MRVL | $124B | -17% | +31% | 17% | 25.0× | 54.4% |
| Mediatek 2454.TW | $164B | +7% | +6% | 15% | 24.7× | 40.7% |
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 | 6875.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.4% | -18.0% | 5th lowest of 21 |
| 6-month return | -17.4% | -16.2% | 10th lowest of 21 |
| Distance from 52-week high | -40.3% | -45.8% | 8th highest of 21 |
| Revenue growth (TTM) | +1.7% | +14.3% | 5th lowest of 21 |
| Operating margin | 1.4% | 6.5% | 5th lowest of 21 |
| Forward P/E | 3.4× | 18.6× | cheapest of 15 |
| ROIC minus cost of capital | -10.3 pp | -0.1 pp | 2nd lowest of 21 |
| Net debt / EBITDA | -24.2× | 0.2× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Megachips 6875.T | Japan | $772M | -17% | +2% | 1% | 3.4× | n/a | n/a |
| LEM LEHN.SW | Switzerland | $768M | +74% | -6% | 9% | 20.0× | 6.4% | -0.9% |
| Nichicon 6996.T | Japan | $758M | -27% | 0% | 5% | 13.0× | 15.3% | +7.9% |
| Cicor Technologies CICN.SW | Switzerland | $758M | -6% | +26% | 4% | 18.2× | 5.8% | +23.5% |
| Ji'an Mankun Technology 301132.SZ | China | $751M | +38% | +32% | 9% | n/a | n/a | n/a |
| Lelon Electronics 2472.TW | Taiwan | $750M | -20% | +10% | 20% | 10.9× | 8.2% | +7.6% |
| Zbit Semiconductor 688416.SS | China | $798M | -34% | +122% | 19% | 27.3× | 30.7% | +13.5% |
| ASRock 3515.TW | Taiwan | $747M | -16% | +29% | 7% | 8.9× | n/a | n/a |
| Qingdao Eastsoft Communication Technology 300183.SZ | China | $745M | -23% | +4% | -6% | n/a | n/a | n/a |
| Jutze Intelligent Technology 300802.SZ | China | $801M | -6% | +18% | 12% | 39.4× | 32.6% | +10.0% |
| Shenzhen Xunjiexing Technology 688655.SS | China | $810M | -13% | +70% | 0% | n/a | n/a | n/a |
| Jiangsu Allfavor Intelligent Circuits Technology 300964.SZ | China | $821M | +1% | +78% | 8% | n/a | n/a | n/a |
| Hexatronic HTRO.ST | Sweden | $821M | -17% | +7% | 6% | 15.0× | 12.9% | +28.3% |
| Basler BSL.DE | Germany | $823M | -7% | +31% | 15% | 19.1× | 23.8% | +5.7% |
| Anhui Tongfeng Electronics 600237.SS | China | $714M | -15% | -6% | 10% | 32.8× | 19.8% | +10.7% |
| Isvision (Hangzhou) Technology 688816.SS | China | $713M | -23% | +14% | 11% | n/a | 27.0% | +26.3% |
| Shenzhen Jingquanhua Electronics 002885.SZ | China | $840M | -34% | +9% | 4% | n/a | 27.6% | +20.6% |
| Dynamic 3715.TW | Taiwan | $846M | -50% | +43% | 5% | 16.3× | n/a | n/a |
| Zhejiang Yonggui Electric Equipment 300351.SZ | China | $703M | -47% | +15% | -1% | 30.9× | n/a | n/a |
| Unitech Printed Circuit Board 2367.TW | Taiwan | $701M | -46% | -13% | -5% | 45.8× | n/a | n/a |
| ACES Electronics 3605.TW | Taiwan | $689M | +43% | +9% | 6% | 17.7× | n/a | n/a |