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Nichias
(5393)
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Rating:73Outperform
Price Target:
¥4,030.00
▲(19.90% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by strong financial performance, especially a very conservative balance sheet and improved profitability margins. Offsetting this, technical signals are mixed (negative MACD and slightly below the 50DMA), and valuation is only average with a moderate P/E and a modest dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage gives Nichias financial flexibility and limits interest-related pressure. Healthy ROE shows the company is producing solid returns without relying heavily on debt, supporting resilience through industrial cycles.
Negative Factors
Moderate Revenue Growth
Limited top-line expansion constrains the pace at which Nichias can grow earnings and absorb fixed costs. Recent annual revenue contraction also suggests that margin gains may be doing more work than demand growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives Nichias financial flexibility and limits interest-related pressure. Healthy ROE shows the company is producing solid returns without relying heavily on debt, supporting resilience through industrial cycles.
Read all positive factors
Nichias (5393) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥647.17B
Dividend Yield1.6%
Average Volume (3M)124.17K
Price to Earnings (P/E)19.5
Beta (1Y)1.08
Revenue Growth2.55%
EPS Growth13.32%
CountryJP
Employees6,424
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)175.09
Shares Outstanding190,985,750
10 Day Avg. Volume110,340
30 Day Avg. Volume124,173
Financial Highlights & Ratios
PEG Ratio15.83
Price to Book (P/B)2.31
Price to Sales (P/S)2.19
P/FCF Ratio34.67
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)186.91
Revenue Forecast (FY)¥281.34B
Nichias Business Overview & Revenue Model
Company Description
Nichias Corporation, a Japanese company, primarily manufactures and distributes thermal insulation materials, predominantly serving the Japanese market. Its operations are organized into five distinct segments: Energy and Industrial Plants, Indust...
How the Company Makes Money
null...
Nichias Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 261.82B | 251.91B | 256.51B | 249.39B | 238.12B | 216.24B |
| Gross Profit | 73.31B | 69.90B | 70.77B | 64.77B | 58.01B | 53.38B |
| EBITDA | 48.29B | 46.24B | 53.22B | 46.10B | 38.44B | 37.44B |
| Net Income | 33.30B | 31.63B | 32.07B | 26.96B | 21.40B | 22.03B |
Balance Sheet | ||||||
| Total Assets | 317.01B | 307.12B | 289.04B | 290.79B | 266.91B | 246.92B |
| Cash, Cash Equivalents and Short-Term Investments | 61.71B | 57.72B | 59.68B | 56.38B | 59.43B | 54.60B |
| Total Debt | 11.00B | 11.03B | 11.04B | 22.77B | 24.51B | 24.53B |
| Total Liabilities | 72.77B | 67.51B | 72.61B | 89.87B | 93.16B | 91.40B |
| Stockholders Equity | 243.13B | 238.51B | 215.42B | 199.68B | 172.36B | 154.29B |
Cash Flow | ||||||
| Free Cash Flow | 24.76B | 15.90B | 24.48B | 6.77B | 10.46B | 15.81B |
| Operating Cash Flow | 33.57B | 23.94B | 31.25B | 19.17B | 18.65B | 25.07B |
| Investing Cash Flow | -11.03B | -10.15B | -913.00M | -12.90B | -8.65B | -5.52B |
| Financing Cash Flow | -18.85B | -16.99B | -27.40B | -11.11B | -6.37B | -5.88B |
Nichias Technical Analysis
Positive
3361.00
Price Trends
3576.28
Negative
3453.61
Negative
2964.64
Positive
Market Momentum
-41.93
Negative
48.40
Neutral
47.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5393, the sentiment is Positive. The current price of 3361 is below the 20-day moving average (MA) of 3445.65, below the 50-day MA of 3576.28, and above the 200-day MA of 2964.64, indicating a neutral trend. The MACD of -41.93 indicates Negative momentum. The RSI at 48.40 is Neutral, neither overbought nor oversold. The STOCH value of 47.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5393.
Nichias Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥647.17B | 19.50 | 14.07% | 1.62% | 2.55% | 13.32% | |
71 Outperform | ¥267.85B | 13.73 | ― | 3.90% | 4.67% | 9.51% | |
70 Outperform | ¥337.37B | 14.03 | 4.11% | 2.73% | 2.09% | 95.69% | |
66 Neutral | ¥1.07T | 14.44 | 9.12% | 2.93% | 2.53% | 7.19% | |
65 Neutral | ¥205.90B | 12.95 | 9.01% | 2.58% | 9.01% | 33.08% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | ¥333.74B | -7.89 | -22.50% | 2.97% | -14.22% | -282.16% |
* Industrials Sector Average
JP:5393
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Nichias Corporate Events
NICHIAS lifts Q1 earnings and raises full-year outlook after stock split
Aug 7, 2026
NICHIAS reported strong first-quarter results for the fiscal year ending March 31, 2027, with net sales rising 16.0% year on year to ¥71,954 million and profit attributable to owners of the parent climbing 25.3% to ¥8,231 million. Operat...
Nichias Completes Restricted Treasury Stock Allocation to Management
Aug 7, 2026
Nichias Corporation has completed payment procedures for the disposal of 25,099 shares of its treasury stock under a restricted stock scheme for four directors and 12 executive officers. The shares, issued at 3,709 yen each for a total of 93,092,1...
NICHIAS Completes Nearly Full ¥5 Billion Share Buyback Program
Aug 4, 2026
NICHIAS Corporation has completed a board-approved share buyback program, acquiring its own common shares on the Tokyo Stock Exchange as part of a capital management strategy. The purchases, conducted under Japan’s Companies Act, reflect the...
Nichias Benefits From Strong Semiconductor and Industrial Demand in FY2026 Q1
Aug 4, 2026
Nichias reported that maintenance demand for petroleum refining and petrochemical plants remained robust in the first quarter of fiscal 2026, supporting its energy and industrial plant-related business. Strong domestic demand for sealing materials...
Nichias Raises Earnings Forecasts on AI-Fueled Semiconductor Demand
Aug 4, 2026
Nichias Corporation has lifted its earnings outlook for the first half and full fiscal year ending March 31, 2027, reflecting stronger-than-expected business momentum. The company now projects higher net sales, operating income, ordinary income an...
Nichias Delivers Strong Q1 Results, Raises Earnings Outlook and Tweaks Capital Policy
Aug 4, 2026
Nichias reported strong first-quarter results for the fiscal year ending March 2027, with net sales rising 16.0% year on year to ¥71.9 billion and profit attributable to owners of the parent jumping 25.3% to ¥8.2 billion. Operating and o...
Nichias Nears Upper Limit of Share Buyback Program With July Purchases
Aug 3, 2026
Nichias has disclosed the progress of its ongoing share buyback program, reporting the purchase of 740,800 common shares in July 2026 through market transactions on the Tokyo Stock Exchange at a total cost of about ¥2.59 billion. The buyback ...
Nichias Grants Restricted Treasury Shares to Directors and Executive Officers
Jul 13, 2026
Nichias Corporation has approved the disposal of 25,099 shares of its treasury stock as restricted stock to four directors and twelve executive officers, with a total issue value of about ¥93 million and an issue price of ¥3,709 per shar...
Nichias Advances Share Buyback with ¥2.3 Billion June Purchase
Jul 1, 2026
Nichias Corporation has been executing a share buyback program authorized by its board in May 2026, targeting up to 2.3 million common shares for a maximum of ¥5 billion through market purchases on the Tokyo Stock Exchange. As part of this pr...
Nichias Reports No Activity Yet Under Authorized Share Buyback
Jun 1, 2026
Nichias Corporation reported that it did not repurchase any of its own shares in May 2026 under a previously authorized treasury stock buyback program. The board had approved a market-based repurchase of up to 2.3 million shares, or about 1.22% of...
NICHIAS issues FY2025 financial results summary with caution on forecasts
May 22, 2026
NICHIAS Corporation released a brief summary of its financial results for the fiscal year 2025, covering the period from April 1, 2025 to March 31, 2026. The company emphasized that all non-historical statements in the disclosure are forward-looki...
Nichias Posts Slight Earnings Dip but Boosts Dividend and Forecasts Growth
May 18, 2026
Nichias reported a slight 1.8% decline in net sales to ¥251.9 billion and a 6.8% drop in operating income to ¥37.0 billion for the year to March 31, 2026, while profit attributable to owners of the parent eased 1.4% to ¥31.6 billion...
Nichias Revamps Director Pay to Tie Compensation More Closely to Performance
May 18, 2026
Nichias will overhaul its director remuneration framework, replacing a long-standing monthly cap with an annual ceiling of ¥500 million, including up to ¥60 million for outside directors, subject to shareholder approval. The new scheme i...
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.