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Nippon Carbon Co (5302) AI Stock Analysis
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Nippon Carbon Co
(TSE/TYO:5302)
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.
Nippon Carbon Co (5302) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 356.53M
- Dividend Yield
- 4.09%
- Average Volume (3M)
- 55.70K
- Price to Earnings (P/E)
- 13.8
- Beta (1Y)
- 0.72
- Revenue Growth
- 2.65%
- EPS Growth
- -4.30%
- Country
- Japan
- Employees
- 667
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial - Specialties
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 insulators...
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) selling...
Nippon Carbon Co Financial Statement Overview
Summary
Strong 2025 revenue rebound and solid net margins (~11–13%) support the score, and leverage remains conservative with improving ROE. The main drag is cash-flow quality: free cash flow has been weak and volatile in recent years and is a low share of net income, reducing confidence in earnings-to-cash conversion.
Income Statement
72PositiveBalance Sheet
78PositiveCash Flow
55Neutral| 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 | 818.00M | 567.00M | 78.00M | 3.96B | 5.91B |
| Operating Cash Flow | 0 | 6.32B | 5.23B | 3.19B | 5.80B | 7.55B |
| Investing Cash Flow | 0 | -2.20B | -5.55B | -4.43B | -1.60B | -608.00M |
| Financing Cash Flow | 0 | -1.26B | -1.99B | -2.61B | -3.78B | -3.76B |
Nippon Carbon Co Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5302, the sentiment is Negative. The current price of 4885.00 is below the 20-day moving average (MA) of 5067.00, below the 50-day MA of 5051.30, and above the 200-day MA of 4757.47, indicating a neutral trend. The MACD of -53.35 indicates Positive momentum. The RSI at 38.79 is Neutral, neither overbought nor oversold. The STOCH value of 32.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5302.
Nippon Carbon Co Peers Comparison
Overall Rating
JP:402280Outperform
JP:406479.8Outperform
JP:530172Outperform- JP:530270Outperform
JP:402753Neutral
JP:530450Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:4022 | 80Outperform | JPY 62.39B | 13.39 | ― | 2.62% | 12.60% | 33.61% |
| JP:4064 | 80Outperform | JPY 31.72B | 12.13 | ― | 3.50% | 2.72% | 24.14% |
| JP:5301 | 72Outperform | JPY 393.58B | 21.77 | 6.03% | 1.82% | 0.40% | ― |
| JP:5302 | 70Outperform | JPY 53.95B | 13.82 | 7.21% | 4.09% | 2.65% | -4.30% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| JP:4027 | 53Neutral | JPY 45.07B | -127.20 | ― | 3.62% | 7.26% | -118.07% |
| JP:5304 | 50Neutral | JPY 45.28B | 91.23 | ― | 4.55% | -3.28% | -88.36% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:5302 | Nippon Carbon Co | 4885.00 | 730.29 | 17.58% | |
| JP:5301 | Tokai Carbon Co | 1926.00 | 919.97 | 91.44% | |
| JP:4022 | Rasa Industries,Ltd. | 1571.00 | 589.04 | 59.99% | |
| JP:4027 | Tayca Corporation | 2212.00 | 949.94 | 75.27% | |
| JP:4064 | Nippon Carbide Industries Company,Incorporated | 3370.00 | 1323.62 | 64.68% | |
| JP:5304 | SEC Carbon Ltd. | 2196.00 | 142.43 | 6.94% |
Nippon Carbon Co Corporate Events
Nippon Carbon Completes ¥2.5 Billion Treasury Share Buyback
Nippon Carbon Co., Ltd. has completed a board-approved program to acquire its own common shares on the Tokyo Stock Exchange, signaling an active approach to capital management and shareholder returns. The initiative aligns with broader trends among J...
Nippon Carbon Launches Shareholder Benefit Program to Reward Long-Term Investors
Nippon Carbon Co., Ltd. has approved the introduction of a new shareholder benefit program aimed at boosting interest in its stock and encouraging medium- to long-term shareholding among investors. The initiative is designed to reward loyal sharehold...
Nippon Carbon Tops First-Half Profit Forecasts on Strong SiC Demand, Keeps Full-Year Outlook
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 line...
Nippon Carbon Posts Higher Sales but Profit Slump, Maintains Dividend and Sees Tougher 2026 Margins
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 owners...
Nippon Carbon Advances Share Buyback With Treasury Stock Acquisitions
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 fram...
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: Aug 04, 2026