Alps Alpine Stock Hits Day Low of JPY 1,819 Amid Price Pressure

Alps Alpine Co., Ltd., a mid-cap player in the Electronics & Appliances sector, experienced a notable decline today, with its stock price dropping by 6.89% to touch an intraday low of JPY 1,819.00. This performance stands in contrast to the Japan Nikkei 225, which saw a modest decline of 1.01% during the same period.
Over the past week, Alps Alpine's stock has decreased by 1.27%, while it has shown a slight increase of 0.72% over the past month. However, its year-to-date performance remains positive at 13.12%, although it lags behind the Nikkei 225's 20.54% gain. In the longer term, the stock has delivered an 18.52% return over the past year, compared to the index's 22.11%.

Financially, the company maintains a strong ability to service its debt, evidenced by a healthy EBIT to Interest ratio of 28.19. Despite a slower growth trajectory in net sales and operating profit over the last five years, Alps Alpine reported a significant increase in net profit for the first half of the fiscal year, reaching JPY 26,533.38 million. The company's return on equity stands at 10.00%, supported by a price-to-book ratio of 0.76, indicating an attractive valuation relative to its peers.