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Nomura Micro Science Co., Ltd. (6254) AI Stock Analysis

JP:6254

Nomura Micro Science Co., Ltd.

(TSE/TYO:6254)

Select Model
Rating:49Neutral
Price Target:JPY 2,632.00â–¼(-0.49% Downside)
Action:reiterated
Date:10/31/26

The score is held back primarily by mixed financial performance (FY2026 revenue/earnings decline, higher leverage, and historically weak/volatile cash conversion) and bearish technicals (price below major moving averages with negative MACD). Valuation is slightly supportive due to the dividend yield, but the relatively high P/E limits the uplift.

Positive Factors
Lifecycle Revenue ModelRevenue is supported not only by new water-treatment projects but also by maintenance, replacement parts, upgrades, and operational support. These lifecycle services can deepen customer relationships, create repeat business from installed systems, and provide a more durable revenue base than construction activity alone.
Negative Factors
Sharp Revenue and Earnings ResetThe sharp FY2026 revenue decline and corresponding earnings reduction show that results remain exposed to project timing, customer investment cycles, or other business volatility. This weakens near-term earnings visibility and makes it harder to sustain the prior growth and margin trajectory.

Nomura Micro Science Co., Ltd. (6254) vs. iShares MSCI Japan ETF (EWJ)

-40%-20%0%20%40%JP:6254-33.66%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 101.54B
Dividend Yield
3.44%
Average Volume (3M)
680.84K
Price to Earnings (P/E)
28.1
Beta (1Y)
1.84
Revenue Growth
-47.55%
EPS Growth
-65.23%
Country
Japan
Employees
623
Sector
Industrials
Sector Strength
63
Industry
Industrial - Machinery

Nomura Micro Science Co., Ltd. Business Overview & Revenue Model

Company Description

Nomura Micro Science Co., Ltd. specializes in water treatment technology, offering design, installation, and sales services across Japan, South Korea, Taiwan, China, and the United States. The company delivers a broad spectrum of water treatment faci...

How the Company Makes Money

Nomura Micro Science primarily makes money by delivering water treatment projects and supporting those installations over their lifecycle. A core revenue stream is project-based income from designing and constructing high-purity/ultrapure water produ...

Nomura Micro Science Co., Ltd. Financial Statement Overview

Summary

Fundamentals are mixed: strong growth and mid-teens margins through FY2025, but FY2026 shows a sharp revenue/earnings reset. Balance-sheet risk increased as debt rose materially (about 1.4x equity in FY2025), and cash-flow quality is weak/volatile with deeply negative operating and free cash flow in FY2024–FY2025 despite reported profits (improving in FY2026).

Income Statement

62Positive

Balance Sheet

48Neutral

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue53.05B56.25B96.36B73.02B49.60B31.90B
Gross Profit12.07B12.71B21.11B15.41B10.37B7.66B
EBITDA7.41B8.36B17.03B10.96B6.74B4.61B
Net Income3.59B3.82B10.20B7.98B5.81B3.29B
Balance Sheet
Total Assets111.08B110.29B116.78B70.60B41.92B27.24B
Cash, Cash Equivalents and Short-Term Investments8.47B10.43B17.33B12.14B14.12B10.08B
Total Debt56.12B52.99B53.20B22.40B3.47B2.69B
Total Liabilities72.54B70.44B79.77B41.68B20.52B11.31B
Stockholders Equity38.54B39.85B37.01B28.92B21.40B15.93B
Cash Flow
Free Cash Flow03.30B-22.31B-19.01B3.66B954.82M
Operating Cash Flow04.68B-20.20B-18.66B4.68B1.13B
Investing Cash Flow0-1.47B-2.74B386.99M64.81M134.01M
Financing Cash Flow0-6.91B27.18B17.45B-24.90M-881.82M

Nomura Micro Science Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price2645.00

Price Trends

50DMA3340.17Negative
100DMA3830.97Negative
200DMA3687.60Negative

Market Momentum

MACD-196.91Positive
RSI31.57Neutral
STOCH25.09Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6254, the sentiment is Negative. The current price of 2645.00 is below the 20-day moving average (MA) of 3220.20, below the 50-day MA of 3340.17, and below the 200-day MA of 3687.60, indicating a bearish trend. The MACD of -196.91 indicates Positive momentum. The RSI at 31.57 is Neutral, neither overbought nor oversold. The STOCH value of 25.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6254.

Nomura Micro Science Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

JP:6254 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6381JP:638184OutperformJPY 68.49B12.10―4.94%6.49%36.18%
JP:6237JP:623768NeutralJPY 85.54B16.48―1.95%7.86%19.30%
JP:6376JP:637665NeutralJPY 183.76B11.6510.59%1.73%10.77%147.98%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
JP:6495JP:649559NeutralJPY 5.19B60.49―1.98%9.69%29.00%
JP:6363JP:636357NeutralJPY 68.03B9.12―2.50%0.93%212.09%
JP:6254JP:625449NeutralJPY 104.91B28.06―3.44%-47.55%-65.23%

* Industrials Sector Average

Performance Comparison

0%50%100%150%JP:6254JP:6376JP:6237JP:6363JP:6381JP:6495Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:6254 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:6254Nomura Micro Science Co., Ltd.2645.00-1191.28-31.05%
JP:6376Nikkiso Co., Ltd.3010.001528.66103.19%
JP:6237Iwaki Co. Ltd.3905.001419.9957.14%
JP:6363Torishima Pump Mfg.Co., Ltd.2642.00592.1528.89%
JP:6381ANEST IWATA Corp.1721.00277.1719.20%
JP:6495Miyairi Valve Mfg.Co., Ltd.101.00-11.95-10.58%

Nomura Micro Science Co., Ltd. Corporate Events

Nomura Micro Science Cuts Interim Outlook But Keeps Full-Year Sales Target

Oct 23, 2026

Nomura Micro Science has sharply cut its interim forecast for the fiscal year ending March 2027, now expecting lower sales and a swing to a small net loss for the second quarter. The revision is mainly due to delayed orders for large U.S. water treat...

Nomura Micro Science Finalizes Terms for Ninth Stock Option Issuance

Aug 18, 2026

Nomura Micro Science Co., Ltd. has finalized the terms for its ninth series of stock options to be granted to executive officers who are not directors and to employees. The plan covers 2,517 stock option units, each corresponding to 100 shares of com...

Nomura Micro Science Sees Profit Slump in Q1 but Sticks to Aggressive Full-Year Growth and Dividend Plan

Aug 7, 2026

Nomura Micro Science reported consolidated net sales of ¥9.2 billion for the three months ended June 30, 2026, down 25.8% year-on-year, with operating profit dropping 54.4% to ¥628 million and profit attributable to owners of parent halving...

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.

Date of analysis: Oct 31, 2026