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Nichiban Co., Ltd.
(4218)
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Rating:67Neutral
Price Target:
¥2,103.00
▲(5.26% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid financial stability from a strong, low-debt balance sheet, offset by weakening earnings momentum and volatile cash-flow generation. Technicals are mildly constructive (price above key moving averages with positive MACD), while valuation is less supportive due to a relatively high P/E despite a moderate dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage and steadily rising equity reduce financial risk and preserve flexibility. This supports resilience through demand fluctuations and gives Nichiban capacity to sustain operations or invest without relying heavily on additional borrowing.
Negative Factors
Weakening Profitability
Earnings deterioration despite growing revenue points to margin pressure, unfavorable mix or higher costs. If persistent, weaker profitability could limit internal investment, reduce returns on equity and make revenue growth less valuable to shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage and steadily rising equity reduce financial risk and preserve flexibility. This supports resilience through demand fluctuations and gives Nichiban capacity to sustain operations or invest without relying heavily on additional borrowing.
Read all positive factors
Nichiban Co., Ltd. (4218) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥40.18B
Dividend Yield2.06%
Average Volume (3M)18.41K
Price to Earnings (P/E)23.8
Beta (1Y)0.41
Revenue Growth1.92%
EPS Growth-17.95%
CountryJP
Employees1,271
SectorGeneral
Sector StrengthN/A
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)81.37
Shares Outstanding20,738,007
10 Day Avg. Volume17,620
30 Day Avg. Volume18,410
Financial Highlights & Ratios
PEG Ratio-1.48
Price to Book (P/B)0.86
Price to Sales (P/S)0.76
P/FCF Ratio77.10
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)81.75
Revenue Forecast (FY)¥52.40B
Nichiban Co., Ltd. Business Overview & Revenue Model
Company Description
Nichiban Co., Ltd. operates as a manufacturer and distributor of medical supplies and various adhesive tapes across Asian and European markets. Its range of medical offerings encompasses products like surgical and dressing tapes, alongside first-a...
How the Company Makes Money
Nichiban primarily makes money by manufacturing and selling products across two major segments: (1) Industrial Materials and (2) Healthcare. In Industrial Materials, revenue is generated through the sale of pressure-sensitive adhesive products (e....
Nichiban Co., Ltd. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
84
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.81B | 50.47B | 49.46B | 46.86B | 45.56B | 43.13B |
| Gross Profit | 15.13B | 15.03B | 14.90B | 13.87B | 12.97B | 13.50B |
| EBITDA | 5.05B | 5.11B | 5.73B | 4.87B | 4.37B | 5.00B |
| Net Income | 1.65B | 1.65B | 1.96B | 1.83B | 2.37B | 1.81B |
Balance Sheet | ||||||
| Total Assets | 65.49B | 67.31B | 68.58B | 69.01B | 69.92B | 65.12B |
| Cash, Cash Equivalents and Short-Term Investments | 13.21B | 14.13B | 14.66B | 13.40B | 15.11B | 14.20B |
| Total Debt | 1.14B | 2.17B | 2.12B | 2.13B | 2.14B | 2.15B |
| Total Liabilities | 21.54B | 22.98B | 25.39B | 27.30B | 29.31B | 26.16B |
| Stockholders Equity | 43.95B | 44.33B | 43.19B | 41.70B | 40.60B | 38.96B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 495.00M | 2.35B | -439.00M | 338.00M | 1.52B |
| Operating Cash Flow | 0.00 | 2.54B | 3.69B | 3.19B | 2.92B | 4.06B |
| Investing Cash Flow | 0.00 | -2.24B | -1.70B | -3.69B | -1.15B | -2.90B |
| Financing Cash Flow | 0.00 | -1.11B | -763.00M | -1.23B | -867.00M | -691.00M |
Nichiban Co., Ltd. Technical Analysis
Positive
1998.00
Price Trends
1928.60
Positive
1887.47
Positive
1902.33
Positive
Market Momentum
8.28
Positive
47.37
Neutral
15.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4218, the sentiment is Positive. The current price of 1998 is above the 20-day moving average (MA) of 1951.70, above the 50-day MA of 1928.60, and above the 200-day MA of 1902.33, indicating a neutral trend. The MACD of 8.28 indicates Positive momentum. The RSI at 47.37 is Neutral, neither overbought nor oversold. The STOCH value of 15.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4218.
Nichiban Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥397.48B | 17.82 | 8.81% | 2.65% | 9.28% | 17.72% | |
77 Outperform | ¥161.10B | 22.63 | ― | 0.93% | 5.24% | -2.53% | |
76 Outperform | ¥257.84B | 15.67 | ― | 2.18% | 6.53% | 13.54% | |
67 Neutral | ¥40.18B | 23.83 | ― | 2.08% | 1.92% | -17.95% | |
59 Neutral | ¥22.75B | 22.48 | ― | 1.87% | -1.27% | 135.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ¥3.96B | 29.70 | ― | 2.14% | -1.38% | -64.66% |
* General Sector Average
JP:4218
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Nichiban Co., Ltd. Corporate Events
Nichiban Posts Modest Sales Growth and Margins Squeeze, Affirms Dividend and Profit Outlook
Aug 10, 2026
Nichiban Co., Ltd. reported consolidated net sales of ¥12,264 million for the three months ended June 30, 2026, a 2.9% increase year-on-year, while operating profit declined 4.7% to ¥621 million and ordinary profit slipped 1.2% to ¥...
Nichiban Appoints Substitute Outside Auditor After Board Resignation
Jul 31, 2026
Nichiban Co., Ltd. announced that outside Audit Supervisory Board Member Yasushi Kodama resigned from his post on July 31, 2026 for personal reasons, which would have left the board below the legally required size. To maintain compliance, the com...
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.