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6988 Stock Chart & Stats
¥3374.00
-¥34.50(-1.27%)
At close: 4:00 PM EST
¥3374.00
-¥34.50(-1.27%)
Day’s Range― - ―
52-Week Range¥2,882.50 - ¥4,068.00
Previous CloseN/A
Volume2.61M
Average Volume (3M)2.86M
Market Cap
¥2.12T
Enterprise Value¥1.74M
Total Cash (Recent Filing)¥359.81B
Total Debt (Recent Filing)¥0.00
Price to Earnings (P/E)16.7
Beta1.13
Next Earnings
Jul 28, 2026EPS Estimate
95.85Next Dividend Ex-DateN/A
Dividend Yield1.82%
Share Statistics
EPS (TTM)197.22
Shares Outstanding678,659,700
10 Day Avg. Volume2,953,770
30 Day Avg. Volume2,858,060
Financial Highlights & Ratios
PEG Ratio20.83
Price to Book (P/B)1.81
Price to Sales (P/S)2.02
P/FCF Ratio21.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,000.00Price Target Upside-11.08% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)211.76
Revenue Forecast (FY)¥1.07T
Bulls Say, Bears Say
Bulls Say
Margin ExpansionMaterial expansion in gross and net margins indicates stronger pricing power, improved product mix and operational leverage. These margin gains reflect durable competitive positioning from proprietary materials and R&D, supporting sustainable profitability and cash generation over the medium term.
Very Low LeverageAn extremely conservative balance sheet with minimal debt provides financial flexibility for sustained R&D, capex, and strategic moves without refinancing pressure. Low leverage materially reduces solvency risk and preserves ability to invest through sector cycles over the coming months.
Consistent Free Cash FlowPositive free cash flow each year demonstrates the business converts operations into real cash despite cyclical markets. Persistent FCF underpins reinvestment in product qualification and manufacturing, enabling continued development of high-margin specialty materials.
Bears Say
Revenue VolatilityHistoric swings—an identifiable dip in 2024 followed by re-acceleration—reduce top-line predictability and complicate capacity planning. This volatility undermines multi-quarter revenue visibility, making it harder to reliably scale production and sustain margins across cycles.
Choppy Cash ConversionWide variation in operating cashflow coverage of reported earnings signals working-capital timing and conversion issues. Inconsistent conversion diminishes earnings quality, can restrict discretionary spending in weaker periods, and raises the risk that profits won't consistently translate into investible cash.
End-market CyclicalityHeavy exposure to electronics and other cyclical end markets means demand swings and long customer qualification lead times materially affect revenue and utilization. Structural dependence on customer adoption cycles increases revenue and margin sensitivity over the medium term.
Nitto Denko News
6988 FAQ
What was Nitto Denko Corp.’s price range in the past 12 months?
Nitto Denko Corp. lowest stock price was ¥2882.50 and its highest was ¥4068.00 in the past 12 months.
What is Nitto Denko Corp.’s market cap?
Nitto Denko Corp.’s market cap is ¥2.12T.
When is Nitto Denko Corp.’s upcoming earnings report date?
Nitto Denko Corp.’s upcoming earnings report date is Jul 28, 2026 which is in 5 days.
How were Nitto Denko Corp.’s earnings last quarter?
Nitto Denko Corp. released its earnings results on Apr 27, 2026. The company reported ¥41.31 earnings per share for the quarter, missing the consensus estimate of ¥46.695 by -¥5.385.
Is Nitto Denko Corp. overvalued?
According to Wall Street analysts Nitto Denko Corp.’s price is currently Overvalued.
Does Nitto Denko Corp. pay dividends?
Nitto Denko Corp. pays a Semiannually dividend of ¥32 which represents an annual dividend yield of 1.82%. See more information on Nitto Denko Corp. dividends here
What is Nitto Denko Corp.’s EPS estimate?
Nitto Denko Corp.’s EPS estimate is 95.85.
How many shares outstanding does Nitto Denko Corp. have?
Nitto Denko Corp. has 678,659,700 shares outstanding.
What happened to Nitto Denko Corp.’s price movement after its last earnings report?
Nitto Denko Corp. reported an EPS of ¥41.31 in its last earnings report, missing expectations of ¥46.695. Following the earnings report the stock price went up 2.419%.
Which hedge fund is a major shareholder of Nitto Denko Corp.?
Currently, no hedge funds are holding shares in JP:6988
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Nitto Denko Corp.
Nitto Denko Corporation, established in 1918 and headquartered in Osaka, Japan, operates as a global enterprise with a primary focus on adhesive tapes. Its extensive product portfolio caters to a wide array of industries internationally. Offerings include various adhesive solutions like double-sided, masking, and packaging tapes, along with specialized tapes for electrical and electronic applications. The company also manufactures surface protective films, sealing materials (including NVH-related products), membranes, gasket materials, and critical components for advanced technology such as FPD/touch panel products, semiconductor manufacturing process materials, and flexible printed circuit boards. Additionally, they provide porous and breathable films, fluoroplastic sheets and films, and materials for housing and construction. Complementing these products are functional thermal transfer systems—encompassing labels, barcode printers, and software—as well as dust removal items for clean rooms and packaging machinery. In the medical field, Nitto Denko develops transdermal therapeutic systems, athletic tapes, specialized medical adhesive tapes for wearables and biosensors, and particles used in nucleic acid synthesis. These diverse products serve sectors including automotive, transportation, housing, infrastructure, materials, home appliances, electrical goods, display technology, electronic devices, healthcare, packaging, and consumer/personal care.
6988 Stock 12 Month Forecast
Average Price Target
¥3,000.00
▼(-11.08% Downside)
Technical Analysis
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