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Nitto Boseki Co
(3110)
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Rating:67Neutral
Price Target:
¥3,111.00
▼(-88.69% Downside)
Action:Reiterated
Date:10/06/26
The score is driven primarily by improving profitability and a healthier balance sheet, tempered by weak and volatile cash-flow conversion (including negative free cash flow in 2026). Technicals are moderately constructive in the short term but remain below longer-term trend levels, and valuation appears fair with a modest dividend yield.
Positive Factors
Revenue and Margin Growth
Steady revenue growth combined with materially stronger gross, operating, and net margins indicates improving commercial and operating performance. If maintained, this combination can strengthen internal funding capacity and support a more durable earnings base across the next several quarters.
Negative Factors
Earnings Volatility
The sharp swing from lower net income in 2023–2024 to a 2026 surge makes the current profit level less predictable. The pack indicates possible non-recurring items or cyclicality, which could limit confidence that recent earnings improvement will persist through different operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Growth
Steady revenue growth combined with materially stronger gross, operating, and net margins indicates improving commercial and operating performance. If maintained, this combination can strengthen internal funding capacity and support a more durable earnings base across the next several quarters.
Read all positive factors
Nitto Boseki Co (3110) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥536.99B
Dividend Yield1.11%
Average Volume (3M)3.98M
Price to Earnings (P/E)11.7
Beta (1Y)1.88
Revenue Growth11.59%
EPS Growth248.87%
CountryJP
Employees2,793
SectorConsumer Cyclical
Sector Strength84
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)244.03
Shares Outstanding188,615,070
10 Day Avg. Volume3,839,290
30 Day Avg. Volume3,978,346
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)3.93
Price to Sales (P/S)5.77
P/FCF Ratio-211.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,600.00Price Target Upside-83.28% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)124.36
Revenue Forecast (FY)¥145.02B
Nitto Boseki Co Business Overview & Revenue Model
Company Description
Nitto Boseki Co., Ltd., headquartered in Tokyo, Japan, is a company with a rich history, having been founded in 1918 as Fukusima Seiren Seishi K.K. and adopting its current name in April 1923. The organization operates across multiple sectors, spe...
How the Company Makes Money
Nitto Boseki primarily makes money by manufacturing and selling industrial materials to corporate customers. Key revenue streams include (1) sales of glass fiber and glass-fiber-based materials, where revenue is generated from supplying reinforcem...
Nitto Boseki Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 124.03B | 118.23B | 109.03B | 93.25B | 87.53B | 84.05B |
| Gross Profit | 51.75B | 47.58B | 40.38B | 30.61B | 27.21B | 28.23B |
| EBITDA | 72.57B | 68.73B | 26.02B | 16.66B | 13.12B | 15.98B |
| Net Income | 44.42B | 41.77B | 12.84B | 7.30B | 2.77B | 6.52B |
Balance Sheet | ||||||
| Total Assets | 280.41B | 283.04B | 223.10B | 212.11B | 185.59B | 187.29B |
| Cash, Cash Equivalents and Short-Term Investments | 45.48B | 62.01B | 28.55B | 23.66B | 21.59B | 18.54B |
| Total Debt | 49.27B | 50.68B | 52.75B | 53.14B | 46.06B | 46.21B |
| Total Liabilities | 96.47B | 102.65B | 87.27B | 88.40B | 76.63B | 76.65B |
| Stockholders Equity | 177.25B | 173.60B | 129.73B | 118.19B | 103.79B | 105.82B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.22B | 5.98B | -1.89B | 470.00M | -10.36B |
| Operating Cash Flow | 0.00 | 17.30B | 19.12B | 5.06B | 7.64B | 6.96B |
| Investing Cash Flow | 0.00 | 22.79B | -11.42B | -7.90B | 1.98B | -17.30B |
| Financing Cash Flow | 0.00 | -7.20B | -3.28B | 4.30B | -7.25B | -1.53B |
Nitto Boseki Co Technical Analysis
Negative
27510.00
Price Trends
3089.07
Negative
3347.86
Negative
3767.63
Negative
Market Momentum
-45.96
Positive
41.08
Neutral
22.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3110, the sentiment is Negative. The current price of 27510 is above the 20-day moving average (MA) of 3191.82, above the 50-day MA of 3089.07, and above the 200-day MA of 3767.63, indicating a bearish trend. The MACD of -45.96 indicates Positive momentum. The RSI at 41.08 is Neutral, neither overbought nor oversold. The STOCH value of 22.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3110.
Nitto Boseki Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥185.63B | 12.58 | 10.34% | 2.20% | 11.57% | 10.78% | |
72 Outperform | ¥115.09B | 19.56 | ― | 2.26% | 9.28% | 21.28% | |
68 Neutral | ¥12.61B | 13.44 | ― | 4.92% | 20.31% | 6.98% | |
67 Neutral | ¥536.99B | 11.75 | 27.25% | 1.11% | 11.59% | 248.87% | |
65 Neutral | ¥1.74T | 18.74 | 5.28% | 1.67% | 5.82% | 47.74% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥122.10B | 28.34 | 4.18% | 3.57% | -4.36% | 49.85% |
* Consumer Cyclical Sector Average
JP:3110
Nitto Boseki Co
2,794.00
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73.52%
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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.