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Nisshin OilliO Group, Ltd. (2602) AI Stock Analysis

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JP:2602

Nisshin OilliO Group, Ltd.

(TSE/TYO:2602)

Select Model
Rating:69Neutral
Price Target:JPY 2,238.00â–²(2.85% Upside)
Action:downgraded
Date:11/10/26

The overall score of 69 is driven primarily by the company's attractive valuation and resilient balance sheet, weighed against notable cash flow constraints. Strengths include steady top-line growth, a healthy dividend yield (2.94%), and low market volatility. However, the stock's upside is capped by thin profitability margins and recent struggles to generate positive free cash flow, while technical indicators point to a stable but neutral near-term price trajectory.

Positive Factors
Steady Revenue GrowthThe company has maintained positive revenue growth across recent reporting periods and over the broader multi-year trend. This indicates continuing demand for its edible oils, consumer products, and commercial ingredients, providing a stable base for future operating improvement.
Negative Factors
Compressed Profit MarginsThe sharp reduction in net margin shows that revenue growth is not currently translating efficiently into earnings. Weaker pricing, mix, or cost absorption could keep profitability subdued, limiting internal funding capacity and making future earnings more sensitive to operating execution.

Nisshin OilliO Group, Ltd. (2602) vs. iShares MSCI Japan ETF (EWJ)

-5%0%5%10%15%20%25%30%JP:2602+29.88%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 201.40B
Dividend Yield
2.76%
Average Volume (3M)
232.13K
Price to Earnings (P/E)
16.0
Beta (1Y)
0.38
Revenue Growth
8.63%
EPS Growth
-45.54%
Country
Japan
Employees
3,286
Sector
Consumer Defensive
Sector Strength
62
Industry
Packaged Foods

Nisshin OilliO Group, Ltd. Business Overview & Revenue Model

Company Description

Established in 1907 and headquartered in Tokyo, Japan, The Nisshin OilliO Group,Ltd. is a diversified corporation engaged in various sectors, including oils and meals, processed fats, fine chemicals, and health sciences. The company maintains a globa...

Nisshin OilliO Group, Ltd. Financial Statement Overview

Summary

Financial performance is a mix of robust stability and profitability challenges. The company benefits from steady revenue expansion and a highly resilient balance sheet with a conservative debt-to-equity ratio of 0.57. However, the score is significantly constrained by persistently thin net profit margins (2-4%) and weak cash generation, highlighted by negative free cash flow over the trailing twelve months.

Income Statement

72Positive

Balance Sheet

82Very Positive

Cash Flow

42Neutral
Financial statement breakdown
BreakdownTTMMar 2025Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue586.22B530.88B554.25B513.54B556.57B432.78B
Gross Profit80.99B74.78B74.74B74.32B65.62B56.99B
EBITDA33.68B31.68B49.91B31.58B25.62B21.54B
Net Income12.31B12.85B23.99B15.15B11.16B8.60B
Balance Sheet
Total Assets452.54B388.24B451.19B393.38B374.45B344.51B
Cash, Cash Equivalents and Short-Term Investments16.15B17.15B19.39B20.43B13.04B9.98B
Total Debt122.62B98.30B127.52B104.62B111.82B97.83B
Total Liabilities228.76B190.15B229.18B200.82B203.03B180.19B
Stockholders Equity212.08B187.15B210.22B182.62B162.56B156.23B
Cash Flow
Free Cash Flow-8.39B5.69B-18.82B21.95B-6.83B-36.77B
Operating Cash Flow7.15B21.17B10.46B36.72B398.00M-26.63B
Investing Cash Flow-17.07B-9.59B-9.83B-16.08B-5.59B-9.33B
Financing Cash Flow-2.20B-13.88B8.23B-14.59B5.79B34.47B

Nisshin OilliO Group, Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price2176.00

Price Trends

50DMA2053.88Positive
100DMA1973.99Positive
200DMA1902.62Positive

Market Momentum

MACD30.53Negative
RSI61.26Neutral
STOCH72.38Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2602, the sentiment is Positive. The current price of 2176.00 is above the 20-day moving average (MA) of 2083.50, above the 50-day MA of 2053.88, and above the 200-day MA of 1902.62, indicating a bullish trend. The MACD of 30.53 indicates Negative momentum. The RSI at 61.26 is Neutral, neither overbought nor oversold. The STOCH value of 72.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2602.

Nisshin OilliO Group, Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (62)

Financial Indicators

JP:2602 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:2612JP:261286OutperformJPY 86.52B29.13―1.45%-0.53%10.87%
JP:2602JP:260269NeutralJPY 201.40B16.055.86%2.76%8.63%-45.54%
JP:2915JP:291565NeutralJPY 32.93B10.84―3.90%3.01%14.24%
JP:4404JP:440463NeutralJPY 21.72B10.90―3.29%6.84%-78.26%
Sector *62Neutral$20.33B14.63-3.31%3.23%1.93%-12.26%
JP:2613JP:261359NeutralJPY 71.16B15.24―3.44%3.74%-8.65%
JP:2607JP:260749NeutralJPY 360.27B24.36―1.33%3.57%54.54%

* Consumer Defensive Sector Average

Performance Comparison

0%50%100%150%JP:2602JP:2607JP:2612JP:2613JP:2915JP:4404Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:2602 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:2602Nisshin OilliO Group, Ltd.2176.00494.1529.38%
JP:2607Fuji Oil Holdings, Inc.4275.00812.3923.46%
JP:2612Kadoya Sesame Mills Incorporated3095.001854.04149.40%
JP:2613J-Oil Mills, Inc.2180.00250.4912.98%
JP:2915KENKO Mayonnaise Co., Ltd.2025.00175.509.49%
JP:4404Miyoshi Oil & Fat Co., Ltd.2133.00-105.15-4.70%

Nisshin OilliO Group, Ltd. Corporate Events

Nisshin OilliO Broadens Shareholder Benefits After Share Split

Nov 9, 2026

Nisshin OilliO Group is a food manufacturer focused on edible oils, fats, and related food products, including branded cooking oils and gift sets for the Japanese market.The company will revise its shareholder benefit program following its April 2026...

Nisshin OilliO Reports Stronger Sales and Operating Profit

Nov 9, 2026

Nisshin OilliO Group is a food and specialty-chemicals company focused on edible oils and fats, processed foods and materials, meals, and cosmetic ingredients, serving Japanese and overseas markets.For the first half of FY2026, net sales rose 11.8% y...

Nisshin OilliO Reports Stronger First-Half Operating Performance

Nov 9, 2026

The Nisshin OilliO Group is a Tokyo-listed food and oleochemical company focused primarily on edible oils, fats, and related food and chemical products for consumer, commercial, and industrial markets. Its first-half results show stronger operating p...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 10, 2026