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NTN (6472) AI Stock Analysis

JP:6472

NTN

(TSE/TYO:6472)

Select Model
Rating:58.5Neutral
Price Target:JPY 374.00â–²(4.15% Upside)
Action:reiterated
Date:10/31/26

The overall score of 58.5 reflects a company with significantly improved financial health offset by current market weakness. The primary strength is the robust cash flow generation and successful balance sheet deleveraging, which has de-risked the company. The attractive valuation, with a solid dividend yield, provides additional support. However, these positives are weighed down by a bearish technical trend and a concerning 22.8% decline in TTM revenue, which presents a key risk to the ongoing recovery.

Positive Factors
Return to ProfitabilityThe return to positive earnings marks a meaningful improvement from the prior-year loss and indicates that the business retains the capacity to generate profit. If maintained, this recovery can support reinvestment, debt service, and greater financial stability over the coming quarters.
Negative Factors
Sharp Revenue ContractionA roughly 23% TTM revenue decline is a substantial setback for a manufacturing business whose earnings depend on automotive and industrial volumes. Prolonged weakness would reduce operating leverage, make fixed costs harder to absorb, and increase pressure on future profitability.

NTN (6472) vs. iShares MSCI Japan ETF (EWJ)

-20%-10%0%10%20%30%40%JP:6472+3.14%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 213.49B
Dividend Yield
3.34%
Average Volume (3M)
3.22M
Price to Earnings (P/E)
14.7
Beta (1Y)
1.31
Revenue Growth
2.92%
EPS Growth
―
Country
Japan
Employees
20,966
Sector
Industrials
Sector Strength
63
Industry
Manufacturing - Tools & Accessories

NTN Business Overview & Revenue Model

Company Description

Headquartered in Osaka, Japan, NTN Corporation is a global manufacturer and distributor of essential mechanical components. Established in 1918, the company, along with its subsidiaries, offers a wide array of products, including various types of bea...

How the Company Makes Money

NTN makes money mainly by manufacturing and selling mechanical components—especially rolling bearings and automotive driveline parts—to customers in the automotive and industrial markets. A large portion of revenue comes from supplying automotive OEM...

NTN Financial Statement Overview

Summary

Financial performance is a tale of two trends. Cash flow generation is a standout strength (Score 78), with operating cash flow surging to ¥70.2B TTM, and the balance sheet has been significantly de-risked through aggressive deleveraging (Score 62). These positives are tempered by a weak income statement (Score 45) due to a sharp 22.8% TTM revenue decline, though profitability has recovered from a prior-year loss. The overall financial health is on a much firmer footing, with cash flow and balance sheet strength providing a buffer against top-line volatility.

Income Statement

45Neutral

Balance Sheet

62Positive

Cash Flow

78Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue837.67B826.34B825.59B836.28B773.96B642.02B
Gross Profit161.75B158.68B148.24B152.13B133.33B112.93B
EBITDA68.32B63.52B42.97B67.09B58.98B59.95B
Net Income15.23B12.87B-23.80B10.57B10.37B7.34B
Balance Sheet
Total Assets835.79B878.68B856.42B910.25B869.83B855.48B
Cash, Cash Equivalents and Short-Term Investments111.60B132.63B131.52B130.03B111.66B128.64B
Total Debt277.35B319.17B370.49B374.48B388.01B403.55B
Total Liabilities525.19B567.28B607.72B629.43B632.40B639.06B
Stockholders Equity295.63B296.90B232.89B264.33B220.66B197.85B
Cash Flow
Free Cash Flow40.85B28.06B22.09B40.38B14.51B-7.38B
Operating Cash Flow70.22B57.18B45.62B65.10B34.22B8.96B
Investing Cash Flow-28.90B-26.28B-25.96B-24.97B-13.86B2.51B
Financing Cash Flow-74.07B-35.32B-18.71B-30.21B-33.26B-41.30B

NTN Technical Analysis

Technical Analysis SentimentNegative
Last Price359.10

Price Trends

50DMA371.91Negative
100DMA383.29Negative
200DMA376.43Negative

Market Momentum

MACD-3.67Positive
RSI42.59Neutral
STOCH79.09Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6472, the sentiment is Negative. The current price of 359.10 is below the 20-day moving average (MA) of 370.86, below the 50-day MA of 371.91, and below the 200-day MA of 376.43, indicating a bearish trend. The MACD of -3.67 indicates Positive momentum. The RSI at 42.59 is Neutral, neither overbought nor oversold. The STOCH value of 79.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6472.

NTN Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

JP:6472 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9962JP:996276OutperformJPY 1.05T23.4713.63%1.75%24.26%64.65%
JP:5851JP:585172OutperformJPY 81.61B7.715.99%3.94%3.21%64.77%
JP:6136JP:613670OutperformJPY 324.83B11.1113.79%2.82%20.29%99.83%
JP:6474JP:647464NeutralJPY 127.48B14.244.67%1.87%8.26%102.64%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
JP:6472JP:647259NeutralJPY 213.49B14.725.21%3.34%2.92%―
JP:6480JP:648051NeutralJPY 105.51B17.89―2.12%20.64%186.33%

* Industrials Sector Average

Performance Comparison

0%100%200%JP:6472JP:9962JP:6136JP:5851JP:6474JP:6480Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:6472 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:6472NTN Corporation359.1025.067.50%
JP:9962Misumi Group 3925.001562.4266.13%
JP:6136OSG Corp3508.001353.0262.79%
JP:5851Ryobi 2588.00-74.04-2.78%
JP:6474Nachi-Fujikoshi Corp.5360.001507.7739.14%
JP:6480Nippon Thompson Co., Ltd.1487.00835.17128.13%

NTN Corporate Events

NTN lifts first-half profit, raises dividend and revises full-year outlook

Oct 30, 2026

NTN Corporation reported a modest 2.8% rise in net sales to ¥413.6 billion for the six months ended September 30, 2026, while sharply boosting operating income by 35.0% and more than doubling profit attributable to owners of parent to ¥5.5...

NTN Raises Net Sales Outlook for FY2027 Amid Integration Costs with NSK

Oct 30, 2026

NTN Corporation has revised its earnings forecast for the fiscal year ending March 31, 2027, lifting projected net sales to ¥825 billion from ¥810 billion while leaving operating income, ordinary income, and profit attributable to owners of...

NTN Boosts Profit Margins in Q1 and Advances Integration Plan with NSK

Aug 4, 2026

NTN reported first-quarter fiscal 2026 consolidated net sales of ¥212.3 billion, down ¥13.2 billion year on year, but increased operating income of ¥8.3 billion and a higher operating margin of 3.9%. The aftermarket segment grew to &#1...

NTN Posts Strong Q1 Earnings and Lifts Dividend Outlook

Aug 4, 2026

NTN Corporation reported solid results for the three months ended June 30, 2026, with net sales rising 6.7% year on year to ¥212.3 billion and operating income increasing 19.2%. Ordinary income jumped 57.5%, while profit attributable to owners o...

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