Nippon Tungsten Co., Ltd. (JP:6998)
:6998
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Nippon Tungsten Co., Ltd.
(6998)
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Rating:56Neutral
Price Target:
¥2,265.00
▲(50.20% Upside)
Action:Downgraded
Date:05/16/26
The score is held up by a conservatively financed balance sheet, but pressured by weaker recent profitability and inconsistent free cash flow. Technicals are neutral-to-soft (negative MACD and trading below shorter-term averages), and valuation is a headwind due to a high P/E that is only partly offset by the dividend yield.
Positive Factors
Conservative balance sheet / low leverage
Low debt and a growing equity base provide durable financial flexibility for a cyclical manufacturer. This reduces default risk, preserves capacity to fund capex or weather downturns, and supports steady operations and strategic investment over the next several quarters.
Negative Factors
Deteriorating profitability / falling net margin
A sharp drop in net margin signals increasing below‑the‑line costs or pressure on operating leverage. Persistently lower profitability weakens returns on equity and constrains reinvestment and shareholder distributions unless margins rebound through cost control or higher pricing.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Low debt and a growing equity base provide durable financial flexibility for a cyclical manufacturer. This reduces default risk, preserves capacity to fund capex or weather downturns, and supports steady operations and strategic investment over the next several quarters.
Read all positive factors
Nippon Tungsten Co., Ltd. (6998) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥10.47B
Dividend Yield3.48%
Average Volume (3M)12.05K
Price to Earnings (P/E)39.2
Beta (1Y)0.40
Revenue Growth3.10%
EPS Growth-60.12%
CountryJP
Employees515
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)138.15
Shares Outstanding5,155,520
10 Day Avg. Volume19,080
30 Day Avg. Volume12,046
Financial Highlights & Ratios
PEG Ratio-0.60
Price to Book (P/B)0.73
Price to Sales (P/S)0.76
P/FCF Ratio74.88
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)N/A
Revenue Forecast (FY)N/A
Nippon Tungsten Co., Ltd. Business Overview & Revenue Model
Company Description
Nippon Tungsten Co., Ltd., founded in 1931 and headquartered in Fukuoka, Japan, is a leading provider of rare metal and fine ceramic products. The company's expertise lies primarily in tungsten-based materials, developed through sophisticated powd...
How the Company Makes Money
Nippon Tungsten makes money primarily by manufacturing and selling tungsten-based materials and finished/semifinished components to industrial customers. Its revenue model is business-to-business and is driven by (1) sales of hard-material product...
Nippon Tungsten Co., Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.35B | 12.78B | 12.39B | 11.46B | 12.64B | 12.04B |
| Gross Profit | 2.96B | 3.11B | 2.93B | 2.56B | 3.05B | 3.01B |
| EBITDA | 1.38B | 1.39B | 1.33B | 1.06B | 1.46B | 1.51B |
| Net Income | 670.00M | 270.00M | 676.00M | 527.00M | 767.00M | 870.00M |
Balance Sheet | ||||||
| Total Assets | 17.76B | 18.93B | 17.63B | 17.14B | 16.81B | 16.45B |
| Cash, Cash Equivalents and Short-Term Investments | 3.59B | 3.21B | 3.31B | 3.50B | 4.53B | 3.93B |
| Total Debt | 2.48B | 2.46B | 2.48B | 2.50B | 2.52B | 2.48B |
| Total Liabilities | 5.20B | 5.58B | 5.07B | 5.02B | 5.55B | 5.71B |
| Stockholders Equity | 12.56B | 13.34B | 12.56B | 12.11B | 11.25B | 10.74B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 130.00M | 95.00M | -830.00M | 951.00M | 1.60B |
| Operating Cash Flow | 0.00 | 984.00M | 1.02B | 289.00M | 1.17B | 1.91B |
| Investing Cash Flow | 0.00 | -851.00M | -942.00M | -1.07B | -238.00M | -252.00M |
| Financing Cash Flow | 0.00 | -263.00M | -261.00M | -302.00M | -341.00M | -246.00M |
Nippon Tungsten Co., Ltd. Technical Analysis
Positive
1508.00
Price Trends
2054.50
Positive
2036.68
Positive
1705.30
Positive
Market Momentum
33.21
Negative
59.47
Neutral
60.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6998, the sentiment is Positive. The current price of 1508 is below the 20-day moving average (MA) of 2040.85, below the 50-day MA of 2054.50, and below the 200-day MA of 1705.30, indicating a bullish trend. The MACD of 33.21 indicates Negative momentum. The RSI at 59.47 is Neutral, neither overbought nor oversold. The STOCH value of 60.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6998.
Nippon Tungsten Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥23.13B | 8.13 | ― | 2.87% | 3.04% | 38.35% | |
73 Outperform | ¥8.81B | 9.18 | ― | 2.92% | 4.05% | 187.83% | |
65 Neutral | ¥17.53B | 5.19 | ― | 4.33% | 2.56% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ¥10.47B | 39.24 | ― | 3.48% | 3.10% | -60.12% | |
54 Neutral | ¥11.06B | -4.86 | ― | ― | -3.09% | -68.39% | |
46 Neutral | ¥4.34B | -1.75 | ― | 1.06% | 8.16% | -1033.34% |
* Industrials Sector Average
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Nippon Tungsten Co., Ltd. Corporate Events
Nippon Tungsten Posts Profit Slump but Lifts Dividend and Signals Strong FY2027 Rebound
May 14, 2026
Nippon Tungsten reported a modest 3.1% rise in consolidated net sales to ¥12.78 billion for the fiscal year ended March 31, 2026, with operating profit up 3.5% and ordinary profit up 18.9%. However, profit attributable to owners of parent plu...
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.