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6988 Stock Chart & Stats
¥3549.00
-¥107.00(-3.01%)
At close: 4:00 PM EDT
¥3549.00
-¥107.00(-3.01%)
Day’s Range― - ―
52-Week Range¥2,882.50 - ¥4,068.00
Previous CloseN/A
Volume4.25M
Average Volume (3M)2.86M
Market Cap
¥2.22T
Enterprise Value¥1.82M
Total Cash (Recent Filing)¥299.06B
Total Debt (Recent Filing)¥3.12B
Price to Earnings (P/E)16.4
Beta1.14
Next Earnings
Oct 22, 2026EPS Estimate
53.73Next Dividend Ex-DateN/A
Dividend Yield1.8%
Share Statistics
EPS (TTM)202.29
Shares Outstanding678,659,700
10 Day Avg. Volume2,953,770
30 Day Avg. Volume2,858,060
Financial Highlights & Ratios
PEG Ratio20.83
Price to Book (P/B)1.81
Price to Sales (P/S)2.02
P/FCF Ratio21.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,000.00Price Target Upside-15.47% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)213.95
Revenue Forecast (FY)¥1.08T
Bulls Say, Bears Say
Bulls Say
High ProfitabilitySustained high margins for a specialty-chemicals business indicate durable pricing power and product differentiation. These margins support reinvestment in R&D, buffer cyclical revenue swings, and underpin consistent returns on capital, aiding long-term competitiveness.
Conservative Balance SheetExtremely low leverage and a growing equity base provide financial flexibility to fund capex, pursue strategic M&A, or endure downturns without stressing liquidity. This conservatism reduces solvency risk and preserves strategic optionality over multiple cycles.
High-value, Diversified B2B Product MixA diversified portfolio of engineered materials sold to manufacturers, plus ongoing R&D, creates technical barriers to entry and customer stickiness once products are qualified for mass production. This supports recurring, higher-margin B2B sales across industries.
Bears Say
Inconsistent Revenue GrowthGrowth has been uneven, with a 2024 dip and a sharp deceleration in 2026 despite margin recovery. This suggests maturation in core end-markets and limited organic tailwinds, meaning earnings gains may rely more on margin expansion than durable top-line growth.
Weak Cash Conversion & FCF VolatilityOperating cash flow trailing net income and free cash flow at roughly half of net income indicate working-capital needs or high capex timing. Volatile FCF constrains reinvestment, dividends, and M&A capacity, reducing financial resilience over time.
End-market Cyclicality ExposureSignificant exposure to electronics and other cyclical customers makes revenue sensitive to sector cycles. Without faster diversification or breakthrough products, the company may face recurring demand-driven earnings volatility that limits long-term growth predictability.
Nitto Denko News
6988 FAQ
What was Nitto Denko Corp.’s price range in the past 12 months?
Nitto Denko Corp. lowest stock price was ¥2882.50 and its highest was ¥4068.00 in the past 12 months.
What is Nitto Denko Corp.’s market cap?
Nitto Denko Corp.’s market cap is ¥2.22T.
When is Nitto Denko Corp.’s upcoming earnings report date?
Nitto Denko Corp.’s upcoming earnings report date is Oct 22, 2026 which is in 81 days.
How were Nitto Denko Corp.’s earnings last quarter?
Nitto Denko Corp. released its earnings results on Jul 28, 2026. The company reported ¥50.75 earnings per share for the quarter, missing the consensus estimate of ¥72.09 by -¥21.34.
Is Nitto Denko Corp. overvalued?
According to Wall Street analysts Nitto Denko Corp.’s price is currently Overvalued.
Does Nitto Denko Corp. pay dividends?
Nitto Denko Corp. pays a Semiannually dividend of ¥32 which represents an annual dividend yield of 1.8%. See more information on Nitto Denko Corp. dividends here
What is Nitto Denko Corp.’s EPS estimate?
Nitto Denko Corp.’s EPS estimate is 53.73.
How many shares outstanding does Nitto Denko Corp. have?
Nitto Denko Corp. has 678,659,700 shares outstanding.
What happened to Nitto Denko Corp.’s price movement after its last earnings report?
Nitto Denko Corp. reported an EPS of ¥50.75 in its last earnings report, missing expectations of ¥72.09. Following the earnings report the stock price went down -0.145%.
Which hedge fund is a major shareholder of Nitto Denko Corp.?
Currently, no hedge funds are holding shares in JP:6988
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Nitto Denko Corp.
Nitto Denko Corporation, established in 1918 and headquartered in Osaka, Japan, operates as a global enterprise with a primary focus on adhesive tapes. Its extensive product portfolio caters to a wide array of industries internationally. Offerings include various adhesive solutions like double-sided, masking, and packaging tapes, along with specialized tapes for electrical and electronic applications. The company also manufactures surface protective films, sealing materials (including NVH-related products), membranes, gasket materials, and critical components for advanced technology such as FPD/touch panel products, semiconductor manufacturing process materials, and flexible printed circuit boards. Additionally, they provide porous and breathable films, fluoroplastic sheets and films, and materials for housing and construction. Complementing these products are functional thermal transfer systems—encompassing labels, barcode printers, and software—as well as dust removal items for clean rooms and packaging machinery. In the medical field, Nitto Denko develops transdermal therapeutic systems, athletic tapes, specialized medical adhesive tapes for wearables and biosensors, and particles used in nucleic acid synthesis. These diverse products serve sectors including automotive, transportation, housing, infrastructure, materials, home appliances, electrical goods, display technology, electronic devices, healthcare, packaging, and consumer/personal care.
6988 Stock 12 Month Forecast
Average Price Target
¥3,000.00
▼(-15.47% Downside)
Technical Analysis
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