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Neturen Co., Ltd.
(5976)
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Rating:57Neutral
Price Target:
¥1,546.00
▲(21.25% Upside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by weakening cash flow (free cash flow turning negative in 2026) and softer profitability versus the 2022 peak, despite a generally solid balance sheet foundation. Technicals are supportive due to a strong uptrend and positive MACD, but overbought indicators raise near-term pullback risk. Valuation is mixed: a strong dividend yield helps, but a higher P/E reduces attractiveness given current fundamentals.
Positive Factors
Balance Sheet Resilience
A strong equity base and historically manageable leverage provide financial resilience, allowing Neturen to absorb cyclical steel demand and profitability swings while retaining flexibility to fund operations and strategic investment.
Negative Factors
Negative Free Cash Flow
The recent deterioration in operating and free cash flow reduces financial flexibility and may reflect greater investment needs or working-capital pressure. If sustained, it could constrain reinvestment, shareholder returns, and debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Resilience
A strong equity base and historically manageable leverage provide financial resilience, allowing Neturen to absorb cyclical steel demand and profitability swings while retaining flexibility to fund operations and strategic investment.
Read all positive factors
Neturen Co., Ltd. (5976) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥43.15B
Dividend Yield4.83%
Average Volume (3M)89.18K
Price to Earnings (P/E)26.4
Beta (1Y)0.61
Revenue Growth6.75%
EPS Growth20.08%
CountryJP
Employees1,651
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)55.68
Shares Outstanding32,805,400
10 Day Avg. Volume83,070
30 Day Avg. Volume89,183
Financial Highlights & Ratios
PEG Ratio-1.38
Price to Book (P/B)0.72
Price to Sales (P/S)0.72
P/FCF Ratio-18.94
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)N/A
Revenue Forecast (FY)N/A
Neturen Co., Ltd. Business Overview & Revenue Model
Company Description
Neturen Co., Ltd., operating with its subsidiaries, specializes in the global production and distribution of various high-quality steel and wire products. The company provides a comprehensive suite of offerings, including prestressing steel bars, ...
How the Company Makes Money
Neturen makes money primarily through B2B sales of steel-processed products and related processing services. Revenue is generated from (1) selling processed steel wire/rod and wire-based products to industrial users (e.g., construction-related and...
Neturen Co., Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.50B | 58.28B | 57.56B | 57.20B | 57.52B | 53.00B |
| Gross Profit | 11.96B | 11.18B | 10.32B | 9.85B | 10.24B | 11.29B |
| EBITDA | 4.90B | 4.22B | 3.93B | 4.01B | 5.07B | 6.66B |
| Net Income | 1.84B | 1.33B | 1.82B | 1.54B | 381.00M | 2.69B |
Balance Sheet | ||||||
| Total Assets | 88.16B | 88.15B | 83.76B | 80.61B | 79.89B | 82.00B |
| Cash, Cash Equivalents and Short-Term Investments | 16.28B | 17.49B | 19.66B | 16.31B | 18.61B | 19.55B |
| Total Debt | 11.25B | 11.99B | 7.23B | 1.17B | 1.87B | 2.65B |
| Total Liabilities | 23.45B | 22.77B | 17.43B | 14.14B | 13.34B | 15.14B |
| Stockholders Equity | 57.52B | 58.22B | 59.54B | 60.01B | 59.39B | 59.65B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.22B | 1.45B | 1.91B | 2.65B | 5.35B |
| Operating Cash Flow | 0.00 | 1.77B | 4.11B | 4.19B | 3.89B | 6.33B |
| Investing Cash Flow | 0.00 | -5.24B | -3.40B | -1.65B | -1.20B | -40.00M |
| Financing Cash Flow | 0.00 | -121.00M | 1.71B | -5.08B | -4.29B | -1.97B |
Neturen Co., Ltd. Technical Analysis
Neutral
1275.00
Price Trends
1411.66
Positive
1351.31
Positive
1315.99
Positive
Market Momentum
25.72
Positive
54.02
Neutral
10.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5976, the sentiment is Neutral. The current price of 1275 is below the 20-day moving average (MA) of 1512.60, below the 50-day MA of 1411.66, and below the 200-day MA of 1315.99, indicating a neutral trend. The MACD of 25.72 indicates Positive momentum. The RSI at 54.02 is Neutral, neither overbought nor oversold. The STOCH value of 10.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:5976.
Neturen Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥46.00B | 7.90 | ― | 3.86% | -3.04% | -49.39% | |
70 Outperform | ¥82.08B | 9.29 | ― | 4.13% | -6.53% | -18.69% | |
66 Neutral | ¥35.51B | 10.59 | ― | 2.98% | -8.00% | -35.22% | |
63 Neutral | ¥88.44B | 9.51 | ― | 4.52% | 2.94% | -16.58% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ¥43.15B | 26.38 | ― | 5.00% | 6.75% | 20.08% | |
50 Neutral | ¥78.15B | -5.73 | ― | 1.15% | -16.39% | -2377.63% |
* Basic Materials Sector Average
JP:5976
Neturen Co., Ltd.
1,469.00
268.19
22.33%
JP:5408
Nakayama Steel Works,Ltd.
640.00
-35.36
-5.24%
JP:5410
Godo Steel,Ltd.
3,100.00
-1,045.68
-25.22%
JP:5440
Kyoei Steel Ltd.
1,986.00
-298.69
-13.07%
JP:5449
OSAKA STEEL CO., LTD.
2,550.00
-287.00
-10.12%
JP:5480
Nippon Yakin Kogyo Co., Ltd.
5,360.00
1,056.85
24.56%
Neturen Co., Ltd. Corporate Events
Neturen Advances Treasury Share Buyback Under Board-Approved Program
Aug 7, 2026
Neturen Co., Ltd. reported the execution of a treasury share buyback between July 1 and July 31, 2026, purchasing 151,000 common shares on the Tokyo Stock Exchange at a total cost of 205,375,800 yen. These transactions were conducted under Article...
Neturen Doubles DOUBLE STARK Capacity with New Investment at Iwaki Plant
Aug 6, 2026
Neturen is intensifying its push into value-added construction materials as soaring building costs spur demand for cost-saving structural components. Its proprietary DOUBLE STARK rebar, which combines normal-strength and high-strength sections wit...
Neturen Boosts Stake in Concrete Subsidiary Dohken to 98.3%
Aug 6, 2026
Neturen Co., Ltd. has moved to deepen control over its consolidated subsidiary Dohken Co., Ltd., a Fukuoka-based maker of precast concrete components, ready-mix concrete and civil engineering products, by agreeing to buy additional shares from min...
Neturen Lifts Earnings Outlook and Upgrades Medium-Term Targets on Strong Steel Demand
Aug 6, 2026
Neturen raised its forecasts for the six months and full year ending March 31, 2027, citing stronger sales of high-strength shear reinforcement bars in civil engineering and construction machinery, as well as robust overseas demand for automotive ...
Neturen Posts Profit Surge and Lifts Outlook for FY2027
Aug 6, 2026
Neturen reported strong results for the quarter ended June 30, 2026, with net sales rising 17.0% year on year to ¥15.3 billion and operating profit surging more than fourfold to ¥706 million. Ordinary profit climbed to ¥1.0 billion ...
Neturen Completes Treasury Share Disposal for Executive Stock Compensation
Jul 21, 2026
Neturen Co., Ltd. has implemented equity-based compensation programs for its directors and senior executive officers, using restricted stock and performance-based stock to reinforce alignment between management and shareholders. By allocating comm...
Neturen Advances Share Buyback Program Under Board Authorization
Jul 10, 2026
Neturen Co., Ltd. has been actively repurchasing its own common shares under authorization granted by its board of directors, leveraging provisions of Japan’s Companies Act and its Articles of Incorporation. The program underscores the firm&...
Neturen to Allocate Treasury Shares for Executive Stock Compensation
Jun 25, 2026
Neturen Co., Ltd. has approved the disposal of treasury shares to implement restricted and performance-based stock compensation for its directors and senior executive officers, excluding outside directors. The plan covers 28,900 common shares in t...
Neturen Announces Availability of FY2026 Financial Results
Jun 18, 2026
Neturen Co., Ltd. released a document titled “Financial Results of the Fiscal Year Ended March 31, 2026,” indicating it is a translated summary of its performance for that period. However, the text provided contains only the title, dat...
Neturen Reports Progress on ¥2 Billion Share Buyback Program
Jun 10, 2026
Neturen Co., Ltd. has disclosed the status of its ongoing share buyback program authorized under Japan’s Companies Act, reporting that it repurchased 159,800 common shares between May 14 and May 31, 2026 via market purchases on the Tokyo Sto...
Neturen Lifts Dividends and Expands Group Amid Mixed Fiscal 2026 Results
Jun 8, 2026
Neturen reported a modest 1.2% rise in fiscal 2026 net sales to ¥58.3 billion, while operating profit climbed 17.0%, but profit attributable to owners fell 26.8% due to factors including lower equity and higher total assets. The group’s...
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.