Nittoku Co., Ltd. (6145) AI Stock Analysis

• Market Cap: ¥40.92B
• Dividend Yield: 1.85%
• Average Volume (3M): 69.97K
• Price to Earnings (P/E): 21.0
• Beta (1Y): 0.77
• Revenue Growth: 14.09%
• EPS Growth: -18.06%
• Country: JP
• Employees: 993
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 14.40
• Shares Outstanding: 18,098,925
• 10 Day Avg. Volume: 47,680
• 30 Day Avg. Volume: 69,973
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥2,541.00
• Price Target Upside: 12.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: ¥2,541.00 ▲(12.19% Upside)

Nittoku Co., Ltd. benefits from strong revenue growth and a solid balance sheet, which are significant strengths. However, challenges such as declining profit margins and negative free cash flow weigh on the score. Technical analysis indicates strong momentum, but overbought conditions suggest caution. The valuation is fair, with a modest dividend yield.

Nittoku Co., Ltd. Business Overview & Revenue Model

Company Description

Nittoku Co., Ltd. manufactures and sells automatic winding machines and related parts in Japan and internationally. The company offers coil winding machines in various coil types, including relay, solenoid, ignition, transformer, injector, pick up, reactor, PM stepping, bobbinless coil, sensor coil, induction heating coil, armature, power inductor, speaker/receiver, brushless inner and outer motor, chip inductor coil, and others. It also provides factory automation systems, IC cards, and contactless smart cards and parts. The company was formerly known as Nittoku Engineering Co., Ltd. and changed its name to Nittoku Co., Ltd. in August 2019. Nittoku Co., Ltd. was founded in 1972 and is headquartered in Saitama, Japan.

How the Company Makes Money

Nittoku Co., Ltd. generates revenue through the sale of its precision winding machines and related equipment. The company's key revenue streams include the manufacturing and distribution of coil winding machines and automation systems used in diverse industries such as electronics and automotive. By providing advanced technological solutions, Nittoku maintains significant partnerships with manufacturers in these sectors, enabling them to optimize production processes. Additionally, the company may earn revenue from after-sales services, maintenance, and technical support, ensuring the longevity and efficiency of its machinery.

Nittoku Co., Ltd. Financial Statement Overview

Summary

Nittoku Co., Ltd. shows strong revenue growth and a solid balance sheet with low financial risk. However, declining profit margins and negative free cash flow pose challenges. The company may need to focus on cost management and improving cash flow conversion to sustain its growth trajectory.

Income Statement

Nittoku Co., Ltd. has shown a consistent increase in total revenue over the past few years, with a recent jump from ¥28.12 billion in 2022 to ¥33.27 billion in 2025, indicating robust revenue growth. However, the gross profit margin has decreased from 25.2% in 2024 to 24.1% in 2025, and the net profit margin has also decreased from 8.9% to 3.9%, suggesting challenges in maintaining profitability. The EBIT and EBITDA margins have also seen a decline, pointing to increased operational costs or inefficiencies.

Balance Sheet

The company's balance sheet is strong, with a healthy equity ratio of 60.2% in 2025. The debt-to-equity ratio remains low at 0.22, indicating a conservative leverage approach. The return on equity has decreased significantly, but the company's high stockholders' equity and low debt levels point to a stable financial position with minimal financial risk.

Cash Flow

The cash flow statement reveals concerns, particularly with the free cash flow turning negative in 2025, mainly due to increased capital expenditures. The operating cash flow to net income ratio has fallen, showing challenges in converting earnings into cash. While operating cash flow remains positive, the negative free cash flow could impact future investments or debt repayments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	33.27B	33.27B	30.80B	29.46B	28.12B	22.05B
Gross Profit	8.01B	8.01B	9.93B	7.96B	7.09B	5.30B
EBITDA	2.25B	3.04B	5.25B	3.96B	3.90B	2.40B
Net Income	1.31B	1.31B	2.74B	2.22B	2.31B	1.25B
Balance Sheet
Total Assets	60.41B	60.41B	56.78B	47.67B	47.34B	42.26B
Cash, Cash Equivalents and Short-Term Investments	14.91B	14.91B	15.33B	13.84B	13.73B	11.90B
Total Debt	8.03B	8.03B	1.98B	0.00	0.00	0.00
Total Liabilities	23.81B	23.81B	17.02B	11.65B	13.42B	10.53B
Stockholders Equity	36.39B	36.39B	39.42B	35.71B	33.65B	31.49B
Cash Flow
Free Cash Flow	0.00	-759.00M	-236.00M	996.00M	2.31B	1.94B
Operating Cash Flow	0.00	50.00M	525.00M	1.25B	2.69B	2.69B
Investing Cash Flow	0.00	154.00M	116.00M	-392.00M	-714.00M	-688.74M
Financing Cash Flow	0.00	-329.00M	1.20B	-848.00M	-848.00M	-681.56M

Nittoku Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2265.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6145, the sentiment is Positive. The current price of 2265 is above the 20-day moving average (MA) of 2230.85, above the 50-day MA of 2122.18, and above the 200-day MA of 2005.96, indicating a bullish trend. The MACD of 33.03 indicates Positive momentum. The RSI at 60.86 is Neutral, neither overbought nor oversold. The STOCH value of 57.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6145.

Nittoku Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6144	80 Outperform	32.93B	13.26	7.63%	3.85%	4.62%	39.04%
6137	79 Outperform	31.33B	9.20	8.54%	3.13%	5.98%	-0.49%
6223	76 Outperform	34.42B	9.94	11.15%	4.17%	1.33%	15.33%
6145	74 Outperform	¥40.92B	20.96		1.85%	14.09%	-18.06%
6125	64 Neutral	33.01B	13.47	4.99%	3.24%	-2.14%	-47.09%
6151	55 Neutral	33.29B	60.73	2.31%	2.19%	1.69%	-67.19%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%