4704:TSETrend Micro Incorporated Analysis

Trend Micro is trading at roughly ¥5,905, translating to a trailing P/E of 21, well below the software‑infrastructure industry average of 38, which points to a clear undervaluation. The company enjoys a massive cash pile of over ¥228 bn, carries no debt, and offers a 3.34% dividend yield with a payout ratio around 70%, suggesting the dividend is sustainable. Technically, the MACD line sits above its signal line (bullish) and the RSI is at 59, indicating momentum is still positive. The stock sits above its 20‑day SMA (¥5,660) and 50‑day SMA (¥5,462), with support around ¥5,226 and resistance near ¥6,294, while volatility remains high at 50% but beta is modest at 0.42.
Recent strategic moves bolster the outlook. The launch of TrendAI’s partnership with Anthropic to embed advanced AI models, along with the consumer‑focused TrendLife offering, adds credible growth catalysts. Revenue is expanding at 9.4% year‑over‑year with a robust gross margin of 77%, positioning the firm as a blend of value and growth in the cybersecurity space.