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NGK SPARK PLUG CO
(5334)
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Rating:71Outperform
Price Target:
¥10,404.00
▲(19.57% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by strong financial performance (robust margins, healthy ROE, and manageable leverage), partially offset by weaker recent cash conversion and softer near-term technical trend (price below 20/50-day averages). Valuation is supportive with a reasonable P/E and a moderate dividend yield.
Positive Factors
Profitability
Robust margins and multi-year profit improvement indicate stronger pricing, product mix, or cost control. This provides earnings resilience and supports continued investment across automotive and industrial component markets.
Negative Factors
Cash Conversion
Earnings are not currently translating into cash at a comparable rate, potentially reflecting working-capital needs or timing effects. If persistent, weaker conversion could constrain reinvestment, dividends, or debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability
Robust margins and multi-year profit improvement indicate stronger pricing, product mix, or cost control. This provides earnings resilience and supports continued investment across automotive and industrial component markets.
Read all positive factors
NGK SPARK PLUG CO (5334) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.73T
Dividend Yield2.37%
Average Volume (3M)675.72K
Price to Earnings (P/E)9.1
Beta (1Y)1.18
Revenue Growth16.35%
EPS Growth111.68%
CountryJP
Employees15,698
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)947.31
Shares Outstanding199,247,730
10 Day Avg. Volume617,410
30 Day Avg. Volume675,723
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.86
Price to Sales (P/S)1.96
P/FCF Ratio19.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥6,400.00Price Target Upside-26.45% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)647.52
Revenue Forecast (FY)¥797.69B
NGK SPARK PLUG CO Business Overview & Revenue Model
Company Description
Based in Nagoya, Japan, NGK Spark Plug Co., Ltd., along with its subsidiaries, specializes in the production and distribution of spark plugs and related components for internal-combustion engines, in addition to advanced technical ceramic products...
How the Company Makes Money
NGK Spark Plug Co. primarily makes money by manufacturing and selling ignition and related engine components (notably spark plugs) to two main customer channels: (1) OEM supply, where products are delivered directly to automakers and engine manufa...
NGK SPARK PLUG CO Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
69
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 764.99B | 731.21B | 652.99B | 614.49B | 562.56B | 491.73B |
| Gross Profit | 291.13B | 280.87B | 249.13B | 217.04B | 190.61B | 150.02B |
| EBITDA | 222.26B | 215.44B | 174.73B | 159.58B | 134.39B | 122.70B |
| Net Income | 186.13B | 112.89B | 92.63B | 82.64B | 66.29B | 60.20B |
Balance Sheet | ||||||
| Total Assets | 1.33T | 1.22T | 990.97B | 975.72B | 903.10B | 823.18B |
| Cash, Cash Equivalents and Short-Term Investments | 212.05B | 187.75B | 208.19B | 180.68B | 201.63B | 172.59B |
| Total Debt | 242.39B | 242.46B | 167.99B | 190.84B | 198.22B | 165.27B |
| Total Liabilities | 478.26B | 449.84B | 316.24B | 337.42B | 339.36B | 305.19B |
| Stockholders Equity | 846.49B | 767.42B | 674.57B | 637.68B | 563.67B | 514.32B |
Cash Flow | ||||||
| Free Cash Flow | 67.28B | 72.63B | 102.83B | 85.84B | 48.68B | 47.52B |
| Operating Cash Flow | 110.23B | 109.38B | 132.92B | 118.18B | 69.31B | 71.91B |
| Investing Cash Flow | 9.20B | -165.53B | -34.25B | -91.36B | -37.38B | 11.75B |
| Financing Cash Flow | -137.21B | 28.62B | -71.00B | -58.24B | -1.77B | -55.34B |
NGK SPARK PLUG CO Technical Analysis
Negative
8701.00
Price Trends
9949.34
Negative
9490.29
Negative
8200.50
Positive
Market Momentum
-305.63
Positive
32.50
Neutral
6.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5334, the sentiment is Negative. The current price of 8701 is below the 20-day moving average (MA) of 9369.40, below the 50-day MA of 9949.34, and above the 200-day MA of 8200.50, indicating a neutral trend. The MACD of -305.63 indicates Positive momentum. The RSI at 32.50 is Neutral, neither overbought nor oversold. The STOCH value of 6.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5334.
NGK SPARK PLUG CO Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥621.90B | 10.02 | 10.96% | 2.75% | 12.73% | 81.53% | |
73 Outperform | ¥443.71B | 14.67 | 7.21% | 3.03% | 7.19% | 21.95% | |
71 Outperform | ¥1.73T | 9.14 | 15.50% | 2.17% | 16.35% | 111.68% | |
71 Outperform | ¥5.29T | 11.99 | 8.64% | 3.26% | 7.51% | 13.94% | |
63 Neutral | ¥1.62T | 10.00 | 8.25% | 2.92% | 5.69% | 27.94% | |
63 Neutral | ¥6.95T | 17.21 | 14.96% | 1.56% | 12.30% | 103.31% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
JP:5334
NGK SPARK PLUG CO
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NGK SPARK PLUG CO Corporate Events
Niterra Exits Wells Auto Components Business in Strategic Portfolio Shift
Aug 9, 2026
Niterra Co., Ltd. has decided to withdraw from the automotive components business of its U.S. subsidiary Wells Vehicle Electronics, citing prolonged weak performance and limited synergies since acquiring the company in 2015. As part of its Mid-Ter...
Niterra Announces 2-for-1 Stock Split and Dividend Forecast Adjustment
Jul 31, 2026
Niterra Co., Ltd. will implement a 2-for-1 stock split of its common shares, effective October 1, 2026, doubling the total number of issued shares to 398,495,440. The move is designed to lower the price per investment unit and make the stock more ...
Niterra Posts Strong Q1 on Weak Yen and Investment Gains, Keeps FY2027 Outlook Unchanged
Jul 31, 2026
Niterra reported solid first-quarter results for the fiscal year ending March 31, 2027, with revenue of ¥203.7 billion and operating profit of ¥41.8 billion, supported in part by a weaker yen that benefited its export-driven business. Au...
Niterra Completes ¥30 Billion Share Buyback and Plans Full Cancellation
Jul 24, 2026
Niterra Co., Ltd. has completed a share repurchase program authorized under Japan’s Companies Act, buying back 351,300 common shares for approximately 3.58 billion yen between July 1 and July 23, 2026. This latest tranche forms part of a bro...
Niterra Advances Share Buyback, Repurchases Over 3.4 Million Shares by June 2026
Jul 1, 2026
Niterra Co., Ltd. has reported the latest status of its share repurchase program conducted under the authority of its Articles of Incorporation and the Companies Act. Between June 1 and June 30, 2026, the company bought back 316,400 common shares ...
Niterra Weighs Reduction of Share Investment Unit to Broaden Investor Access
Jun 29, 2026
Niterra Co., Ltd. has outlined its stance on potentially reducing the minimum investment unit for its shares, acknowledging that such a move can help expand its investor base and enhance stock liquidity. The company notes that its current investme...
Niterra Updates Progress on ¥30 Billion Share Buyback Program
Jun 1, 2026
Niterra Co., Ltd. has reported the latest progress in its ongoing share repurchase program authorized under its Articles of Incorporation, as part of a previously approved capital policy framework. Between May 1 and May 31, 2026, the company bough...
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.