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Nihon Dempa Kogyo Co., Ltd.
(6779)
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Rating:49Neutral
Price Target:
¥2,783.00
▲(172.31% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by mixed fundamentals: modest revenue growth and improved leverage are outweighed by compressed margins and notably weak cash conversion (negative free cash flow). Technical indicators add a bearish tilt (negative MACD and price below the 50-day average), while valuation (27.1x P/E with ~1.07% yield) provides limited support without a clearer earnings and free-cash-flow recovery.
Positive Factors
Essential product role
NDK supplies fundamental timing components embedded across communications, automotive, industrial and consumer electronics. This entrenched role creates durable demand from OEM qualification cycles and long-term product lifecycles, supporting stable baseline revenue over months to years.
Negative Factors
Negative free cash flow
Negative free cash flow indicates higher capex or working-capital absorption that erodes liquidity. Over several quarters this raises reliance on the balance sheet, constrains discretionary spending, and reduces the company’s ability to self-fund growth or return capital without improving cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Essential product role
NDK supplies fundamental timing components embedded across communications, automotive, industrial and consumer electronics. This entrenched role creates durable demand from OEM qualification cycles and long-term product lifecycles, supporting stable baseline revenue over months to years.
Read all positive factors
Nihon Dempa Kogyo Co., Ltd. (6779) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥61.72B
Dividend Yield1.06%
Average Volume (3M)290.11K
Price to Earnings (P/E)27.8
Beta (1Y)1.72
Revenue Growth7.66%
EPS Growth49.51%
CountryJP
Employees2,313
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)103.15
Shares Outstanding23,128,605
10 Day Avg. Volume236,430
30 Day Avg. Volume290,106
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)0.84
Price to Sales (P/S)0.49
P/FCF Ratio-17.97
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)117.76
Revenue Forecast (FY)¥60.95B
Nihon Dempa Kogyo Co., Ltd. Business Overview & Revenue Model
Company Description
Nihon Dempa Kogyo Co., Ltd. is engaged in the manufacturing and worldwide sale of a diverse range of quartz crystal-based devices. Their comprehensive product lineup features various crystal clock oscillators and high-precision oscillators, includ...
How the Company Makes Money
NDK primarily makes money by designing, manufacturing, and selling frequency control components—most notably crystal resonators and crystal oscillators—used by electronics manufacturers and module makers as essential inputs in their finished produ...
Nihon Dempa Kogyo Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.23B | 54.63B | 53.06B | 50.31B | 52.51B | 45.41B |
| Gross Profit | 15.56B | 14.71B | 15.36B | 14.39B | 16.41B | 12.51B |
| EBITDA | 7.04B | 6.94B | 7.07B | 7.49B | 11.21B | 8.51B |
| Net Income | 2.37B | 2.06B | 1.79B | 2.33B | 6.18B | 5.46B |
Balance Sheet | ||||||
| Total Assets | 77.36B | 76.33B | 72.57B | 67.03B | 65.08B | 61.67B |
| Cash, Cash Equivalents and Short-Term Investments | 13.47B | 11.61B | 15.88B | 12.30B | 10.29B | 10.36B |
| Total Debt | 28.11B | 29.54B | 29.55B | 26.15B | 27.25B | 27.13B |
| Total Liabilities | 44.50B | 44.41B | 43.39B | 39.64B | 41.02B | 41.60B |
| Stockholders Equity | 32.85B | 31.92B | 29.17B | 27.37B | 24.04B | 20.04B |
Cash Flow | ||||||
| Free Cash Flow | -874.00M | -1.50B | 2.44B | 4.77B | 3.29B | 2.12B |
| Operating Cash Flow | 4.49B | 4.20B | 6.11B | 8.53B | 6.56B | 4.56B |
| Investing Cash Flow | -5.33B | -7.38B | -4.45B | -3.81B | -3.23B | -2.33B |
| Financing Cash Flow | -3.78B | -2.44B | 1.91B | -2.95B | -3.52B | -8.91B |
Nihon Dempa Kogyo Co., Ltd. Technical Analysis
Negative
1022.00
Price Trends
3207.14
Negative
2844.34
Negative
1958.23
Positive
Market Momentum
-63.55
Negative
46.72
Neutral
14.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6779, the sentiment is Negative. The current price of 1022 is below the 20-day moving average (MA) of 2808.85, below the 50-day MA of 3207.14, and below the 200-day MA of 1958.23, indicating a neutral trend. The MACD of -63.55 indicates Negative momentum. The RSI at 46.72 is Neutral, neither overbought nor oversold. The STOCH value of 14.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6779.
Nihon Dempa Kogyo Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥5.75T | 24.91 | ― | 1.20% | 21.98% | 57.54% | |
65 Neutral | ¥13.25T | 51.06 | 8.95% | 0.78% | 10.31% | 24.82% | |
63 Neutral | ¥40.07B | 18.44 | ― | 4.53% | 9.71% | 23.67% | |
62 Neutral | ¥1.20T | 62.45 | ― | 0.79% | 5.60% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ¥7.32B | 866.13 | ― | 1.78% | -12.84% | -98.58% | |
49 Neutral | ¥61.72B | 27.81 | ― | 2.86% | 7.66% | 49.51% |
* General Sector Average
JP:6779
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Nihon Dempa Kogyo Co., Ltd. Corporate Events
Nihon Dempa Kogyo Raises Earnings Forecasts on AI and Automotive Demand
Aug 7, 2026
Nihon Dempa Kogyo has revised upward its consolidated forecasts for the first half and full fiscal year ending March 31, 2027, citing stronger‑than‑expected demand for optical transceivers used in AI data centers and for automotive ele...
Nihon Dempa Kogyo Q1 Profit Slump Accompanied by Upbeat Full-Year Outlook
Aug 7, 2026
Nihon Dempa Kogyo reported consolidated financial results for the first quarter of the fiscal year ending March 31, 2027, showing a sharp year-on-year decline in net sales, operating income, and net income attributable to owners of the parent. Des...
Nihon Dempa Kogyo Lifts Earnings Outlook on AI and Auto Demand, Weak Yen
Aug 7, 2026
Nihon Dempa Kogyo has revised its consolidated forecasts for the first half and full fiscal year ending March 31, 2027, citing stronger-than-expected demand for optical transceivers for AI data centers and automotive electronics. The company now a...
Nihon Dempa Kogyo Cuts Q1 Profit but Lifts Full-Year Outlook
Aug 7, 2026
Nihon Dempa Kogyo reported consolidated results for the first quarter of the fiscal year ending March 31, 2027, with net sales and profit declining sharply year on year, reflecting a difficult operating environment. Despite weaker earnings, the co...
Nihon Dempa Kogyo Revamps Internal Control Policy to Bolster Governance and ESG Integration
May 14, 2026
Nihon Dempa Kogyo has overhauled its basic policy for internal control systems to reflect updates to Japan’s Corporate Governance Code, shifts in the external control environment and its own governance reform efforts. The company now explici...
Nihon Dempa Kogyo Reveals Former Employee’s Materials Theft and Tightens Controls
May 14, 2026
Nihon Dempa Kogyo has disclosed that a former employee engaged in prolonged theft and resale of company materials, uncovered during a review of its materials management framework and subsequent internal investigation. The company emphasized that t...
Nihon Dempa Kogyo Posts Weaker FY2026 Profit but Signals Earnings Rebound in FY2027
May 14, 2026
Nihon Dempa Kogyo reported consolidated net sales of ¥54.6 billion for the year ended March 31, 2026, down 5.5% year on year, with operating income falling 23.2% to ¥2.49 billion as profitability weakened. At the same time, net income at...
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.