Want to see JP:5302 full AI Analyst Report?
Top Page
Nippon Carbon Co
(5302)
Select Model
Select Model
Rating:70Outperform
Price Target:
¥5,236.00
▲(10.23% Upside)
Action:Reiterated
Date:08/04/26
The score is led by solid financial fundamentals (profitability and a low-leverage balance sheet) but tempered by weak and volatile recent free-cash-flow generation. Valuation is supportive with a moderate P/E and a strong dividend yield, while technicals show a modest uptrend with neutral momentum.
Positive Factors
Strong Revenue Rebound
The sharp 2025 revenue recovery indicates renewed demand across Nippon Carbon's industrial customer base, supporting production scale and providing a stronger foundation for sustained sales over the next several quarters.
Negative Factors
Weak Cash Conversion
Uneven free-cash-flow generation means reported earnings are not consistently translating into cash available for reinvestment or shareholders, potentially reflecting working-capital swings or elevated ongoing investment needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Rebound
The sharp 2025 revenue recovery indicates renewed demand across Nippon Carbon's industrial customer base, supporting production scale and providing a stronger foundation for sustained sales over the next several quarters.
Read all positive factors
Nippon Carbon Co (5302) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥54.17B
Dividend Yield4.1%
Average Volume (3M)41.63K
Price to Earnings (P/E)13.8
Beta (1Y)0.72
Revenue Growth2.65%
EPS Growth-4.30%
CountryJP
Employees667
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Specialties
Share Statistics
EPS (TTM)353.32
Shares Outstanding11,832,504
10 Day Avg. Volume35,840
30 Day Avg. Volume41,626
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)0.90
Price to Sales (P/S)1.29
P/FCF Ratio59.68
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)237.3
Revenue Forecast (FY)¥39.50B
Nippon Carbon Co Business Overview & Revenue Model
Company Description
Nippon Carbon Co., Ltd. engages in the manufacture and sale of carbon products in Japan. The company provides carbon fiber products, such as molded heat insulating materials for high temperature furnaces; CARBORON, a soft felt used in heat insulat...
How the Company Makes Money
Nippon Carbon makes money primarily by manufacturing and selling specialty carbon materials and related products to industrial customers. Its revenue model is predominantly product-sales driven (B2B), where earnings are generated through (1) selli...
Nippon Carbon Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.45B | 37.73B | 37.96B | 37.87B | 35.80B | 31.58B |
| Gross Profit | 10.01B | 10.26B | 11.48B | 11.85B | 9.85B | 8.04B |
| EBITDA | 10.75B | 8.34B | 9.94B | 9.69B | 7.13B | 6.88B |
| Net Income | 3.90B | 4.83B | 4.08B | 4.05B | 3.19B | 2.73B |
Balance Sheet | ||||||
| Total Assets | 85.03B | 85.61B | 82.35B | 78.47B | 74.18B | 72.69B |
| Cash, Cash Equivalents and Short-Term Investments | 16.30B | 15.18B | 12.30B | 14.53B | 18.32B | 17.86B |
| Total Debt | 10.37B | 10.33B | 9.21B | 8.85B | 9.09B | 10.57B |
| Total Liabilities | 20.91B | 22.00B | 21.52B | 20.78B | 20.97B | 20.43B |
| Stockholders Equity | 54.59B | 54.39B | 52.02B | 49.45B | 45.56B | 44.99B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 818.00M | 567.00M | 78.00M | 3.96B | 5.91B |
| Operating Cash Flow | 0.00 | 6.32B | 5.23B | 3.19B | 5.80B | 7.55B |
| Investing Cash Flow | 0.00 | -2.20B | -5.55B | -4.43B | -1.60B | -608.00M |
| Financing Cash Flow | 0.00 | -1.26B | -1.99B | -2.61B | -3.78B | -3.76B |
Nippon Carbon Co Technical Analysis
Positive
4750.00
Price Trends
4779.74
Positive
4721.54
Positive
4581.10
Positive
Market Momentum
40.17
Positive
50.60
Neutral
20.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5302, the sentiment is Positive. The current price of 4750 is below the 20-day moving average (MA) of 4907.25, below the 50-day MA of 4779.74, and above the 200-day MA of 4581.10, indicating a neutral trend. The MACD of 40.17 indicates Positive momentum. The RSI at 50.60 is Neutral, neither overbought nor oversold. The STOCH value of 20.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5302.
Nippon Carbon Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥82.84B | 18.36 | ― | 2.22% | 12.60% | 33.61% | |
70 Outperform | ¥54.17B | 13.81 | 8.62% | 4.21% | 2.65% | -4.30% | |
69 Neutral | ¥52.50B | 106.23 | ― | 4.32% | -3.28% | -88.36% | |
67 Neutral | ¥31.86B | 12.13 | ― | 3.21% | 2.72% | 24.14% | |
64 Neutral | ¥351.38B | 18.58 | 6.21% | 2.14% | 0.40% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ¥48.09B | -137.38 | ― | 3.24% | 7.26% | -118.07% |
* Basic Materials Sector Average
JP:5302
Nippon Carbon Co
4,880.00
892.82
22.39%
JP:5301
Tokai Carbon Co
1,643.00
646.21
64.83%
JP:4022
Rasa Industries,Ltd.
2,154.00
1,266.47
142.69%
JP:4027
Tayca Corporation
2,389.00
1,147.91
92.49%
JP:4064
Nippon Carbide Industries Company,Incorporated
3,370.00
1,341.28
66.11%
JP:5304
SEC Carbon Ltd.
2,557.00
434.60
20.48%
Nippon Carbon Co Corporate Events
Nippon Carbon Tops First-Half Profit Forecasts on Strong SiC Demand, Keeps Full-Year Outlook
Aug 10, 2026
Nippon Carbon reported that its actual consolidated results for the first half of the fiscal year ending December 31, 2026 slightly exceeded its earlier sales forecast and significantly outperformed profit projections. Net sales were broadly in li...
Nippon Carbon Posts Higher Sales but Profit Slump, Maintains Dividend and Sees Tougher 2026 Margins
Aug 10, 2026
Nippon Carbon reported consolidated net sales of ¥19,023 million for the six months ended June 30, 2026, up 3.9% year on year, but operating profit fell 5.1% to ¥2,475 million and ordinary profit dropped 14.0%. Profit attributable to own...
Nippon Carbon Advances Share Buyback With Treasury Stock Acquisitions
Aug 7, 2026
Nippon Carbon Co., Ltd. reported the latest status of its ongoing treasury share buyback program authorized by the Board of Directors in February 2026. The initiative is being conducted through market purchases on the Tokyo Stock Exchange and is f...
Nippon Carbon Details Progress of Treasury Share Buyback Program
Jul 3, 2026
Nippon Carbon Co., Ltd. reported the status of its ongoing share buyback program authorized by the Board of Directors on February 10, 2026 under provisions of the Companies Act. In June 2026, the company repurchased 122,800 common shares on the To...
Nippon Carbon Reports Progress on Ongoing Share Buyback Program
Jun 4, 2026
Nippon Carbon Co. has reported the latest progress in its share buyback program authorized by its board on February 10, 2026. During May 2026, the company repurchased 33,100 common shares via market transactions on the Tokyo Stock Exchange for a t...
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.