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NITCHO CORPORATION
(2961)
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Rating:66Neutral
Price Target:
¥1,599.00
▼(-60.90% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily supported by solid financial stability (very low leverage) and favorable valuation (modest P/E and high dividend yield). Offsetting these positives are weak recent cash-flow performance (sharp swing to negative in 2025) and bearish technical momentum signals (negative MACD with low RSI/Stoch).
Positive Factors
Very Low Leverage
Conservative financing gives NITCHO resilience in a cyclical machinery industry and limits the burden of interest and refinancing. Very low leverage also preserves flexibility to fund operations or strategic investment when cash generation normalizes.
Negative Factors
Sharp Cash-Flow Reversal
The shift from strongly positive cash generation in 2023–2024 to negative operating and free cash flow reduces near-term financial flexibility. If the reversal reflects persistent working-capital or spending pressure, it could constrain investment and weaken earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Conservative financing gives NITCHO resilience in a cyclical machinery industry and limits the burden of interest and refinancing. Very low leverage also preserves flexibility to fund operations or strategic investment when cash generation normalizes.
Read all positive factors
NITCHO CORPORATION (2961) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥6.74B
Dividend Yield3.03%
Average Volume (3M)2.05K
Price to Earnings (P/E)11.5
Beta (1Y)0.04
Revenue Growth3.41%
EPS Growth-11.74%
CountryJP
Employees532
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)128.69
Shares Outstanding4,544,288
10 Day Avg. Volume1,100
30 Day Avg. Volume2,050
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)0.62
Price to Sales (P/S)0.25
P/FCF Ratio-5.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NITCHO CORPORATION Business Overview & Revenue Model
Company Description
Nitcho Corporation, established in Tokyo, Japan, in 1947, specializes in providing comprehensive commercial kitchen solutions within the country. The company's extensive activities include the manufacturing, distribution, import, and export of var...
NITCHO CORPORATION Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
82
Very Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.02B | 18.12B | 18.44B | 17.64B | 15.47B | 17.06B |
| Gross Profit | 5.39B | 5.10B | 5.30B | 4.57B | 4.22B | 4.56B |
| EBITDA | 1.04B | 1.01B | 1.22B | 693.38M | 518.77M | 784.64M |
| Net Income | 572.22M | 601.13M | 700.23M | 332.27M | 205.93M | 436.86M |
Balance Sheet | ||||||
| Total Assets | 11.40B | 13.28B | 14.59B | 13.99B | 12.74B | 12.54B |
| Cash, Cash Equivalents and Short-Term Investments | 2.75B | 3.49B | 4.58B | 4.52B | 3.07B | 3.35B |
| Total Debt | 208.61M | 404.92M | 375.77M | 411.65M | 517.12M | 392.28M |
| Total Liabilities | 4.07B | 5.80B | 7.55B | 7.47B | 6.42B | 6.70B |
| Stockholders Equity | 7.33B | 7.47B | 7.04B | 6.52B | 6.33B | 5.83B |
Cash Flow | ||||||
| Free Cash Flow | -887.46M | -887.46M | 293.16M | 1.70B | -474.67M | 1.00B |
| Operating Cash Flow | -859.17M | -859.17M | 429.40M | 1.95B | -361.72M | 1.03B |
| Investing Cash Flow | -10.28M | -10.28M | -136.24M | -260.50M | -81.56M | -34.66M |
| Financing Cash Flow | -222.90M | -222.90M | -237.97M | -241.80M | 167.16M | -207.72M |
NITCHO CORPORATION Technical Analysis
Positive
4090.00
Price Trends
1489.15
Negative
1409.93
Positive
1299.82
Positive
Market Momentum
-0.05
Negative
50.34
Neutral
15.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2961, the sentiment is Positive. The current price of 4090 is above the 20-day moving average (MA) of 1496.32, above the 50-day MA of 1489.15, and above the 200-day MA of 1299.82, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 50.34 is Neutral, neither overbought nor oversold. The STOCH value of 15.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2961.
NITCHO CORPORATION Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥6.85B | 10.40 | ― | 3.27% | -9.72% | -26.73% | |
69 Neutral | ¥32.26B | 11.41 | ― | 2.10% | 2.42% | 406.25% | |
66 Neutral | ¥6.74B | 11.53 | ― | 3.03% | 3.41% | -11.74% | |
66 Neutral | ¥6.62B | 3.52 | ― | 2.34% | -2.81% | 186.98% | |
61 Neutral | ¥29.13B | 38.96 | ― | 0.82% | -7.53% | -13.28% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ¥5.88B | 82.36 | ― | 1.84% | -7.90% | ― |
* General Sector Average
JP:2961
NITCHO CORPORATION
1,484.00
447.29
43.15%
JP:6151
Nitto Kohki Co., Ltd.
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94.01
20.94%
JP:6203
Howa Machinery, Ltd.
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Tokyo Automatic Machinery Works, Ltd.
4,890.00
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49.71%
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Ogura Clutch Co., Ltd.
4,280.00
558.68
15.01%
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.