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NGK SPARK PLUG CO
(5334)
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Rating:70Outperform
Price Target:
¥4,111.00
▼(-52.75% Downside)
Action:Reiterated
Date:09/30/26
The score is primarily supported by strong financial performance (robust margins, healthy ROE, manageable leverage) and attractive valuation (low P/E and high dividend yield). These positives are partially offset by weak technical conditions, with the stock trading below major moving averages and negative MACD indicating bearish momentum.
Positive Factors
Strong and improving profitability
Robust margins and the multi-year improvement in net profitability indicate stronger earnings quality through pricing, product mix, or cost control. This creates internal funding capacity and provides a durable cushion if vehicle production or industrial demand moderates over the next several quarters.
Negative Factors
Weak recent cash conversion
Cash generation is positive, but recent operating and free cash flow convert earnings less fully than desired. If this pattern persists, working-capital needs or timing effects could absorb more internally generated funds and reduce flexibility for investment, dividends, or balance-sheet improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong and improving profitability
Robust margins and the multi-year improvement in net profitability indicate stronger earnings quality through pricing, product mix, or cost control. This creates internal funding capacity and provides a durable cushion if vehicle production or industrial demand moderates over the next several quarters.
Read all positive factors
NGK SPARK PLUG CO (5334) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.52T
Dividend Yield5.67%
Average Volume (3M)2.28M
Price to Earnings (P/E)8.1
Beta (1Y)1.19
Revenue Growth16.35%
EPS Growth111.68%
CountryJP
Employees15,698
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)473.65
Shares Outstanding398,495,450
10 Day Avg. Volume2,305,310
30 Day Avg. Volume2,283,436
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)333.6
Revenue Forecast (FY)¥799.67B
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. makes money primarily by manufacturing and selling components used by vehicle makers and the aftermarket. A major revenue stream comes from ignition products—most notably spark plugs—sold to automotive original equipment manufac...
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
4144.11
Negative
4583.93
Negative
4130.56
Negative
Market Momentum
-52.69
Negative
45.95
Neutral
56.38
Neutral
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 above the 20-day moving average (MA) of 3727.01, above the 50-day MA of 4144.11, and above the 200-day MA of 4130.56, indicating a neutral trend. The MACD of -52.69 indicates Negative momentum. The RSI at 45.95 is Neutral, neither overbought nor oversold. The STOCH value of 56.38 is Neutral, 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 | ¥431.66B | 14.31 | 7.05% | 3.13% | 7.19% | 21.95% | |
77 Outperform | ¥620.39B | 9.80 | 11.56% | 16.38% | 12.73% | 81.53% | |
71 Outperform | ¥5.03T | 11.47 | 8.29% | 3.94% | 7.51% | 13.94% | |
70 Outperform | ¥1.52T | 8.14 | 24.18% | 5.67% | 16.35% | 111.68% | |
63 Neutral | ¥1.57T | 9.77 | 7.73% | 3.43% | 5.69% | 27.94% | |
63 Neutral | ¥7.46T | 17.75 | 15.36% | 1.91% | 12.30% | 103.31% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
JP:5334
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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 ...
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.