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Nippon Tungsten Co., Ltd.
(6998)
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Rating:59Neutral
Price Target:
¥3,234.00
▲(114.46% Upside)
Action:Reiterated
Date:08/20/26
The score is primarily constrained by softer profitability and uneven free cash flow despite a strong, low-leverage balance sheet. Technically, the stock is in a strong uptrend but appears overextended based on RSI/Stoch, while valuation (P/E ~22.9 with a ~1.6% yield) is not especially compelling given the recent margin drop.
Positive Factors
Revenue Growth
Revenue has remained broadly stable and returned to growth after a 2024 dip. This indicates continued demand for the company’s industrial materials and components, providing a reasonable base for recovery if profitability improves.
Negative Factors
Margin Deterioration
The sharp decline in net and operating margins shows that stable gross economics are not translating into comparable earnings. Persistently lower profitability could limit reinvestment capacity and make results more sensitive to cost inflation or weaker demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue has remained broadly stable and returned to growth after a 2024 dip. This indicates continued demand for the company’s industrial materials and components, providing a reasonable base for recovery if profitability improves.
Read all positive factors
Nippon Tungsten Co., Ltd. (6998) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥17.83B
Dividend Yield1.39%
Average Volume (3M)111.73K
Price to Earnings (P/E)25.5
Beta (1Y)0.88
Revenue Growth12.13%
EPS Growth-3.95%
CountryJP
Employees493
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)132.67
Shares Outstanding5,155,520
10 Day Avg. Volume101,950
30 Day Avg. Volume111,733
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)175
Revenue Forecast (FY)¥15.30B
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
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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 | 13.84B | 12.78B | 12.39B | 11.46B | 12.64B | 12.04B |
| Gross Profit | 3.66B | 3.11B | 2.93B | 2.56B | 3.05B | 3.01B |
| EBITDA | 1.37B | 1.04B | 1.61B | 1.23B | 1.57B | 1.83B |
| Net Income | 645.00M | 270.00M | 676.00M | 527.00M | 767.00M | 870.00M |
Balance Sheet | ||||||
| Total Assets | 19.76B | 18.93B | 17.63B | 17.14B | 16.81B | 16.45B |
| Cash, Cash Equivalents and Short-Term Investments | 2.11B | 3.21B | 3.31B | 3.50B | 4.53B | 3.93B |
| Total Debt | 2.47B | 2.46B | 2.48B | 2.50B | 2.52B | 2.48B |
| Total Liabilities | 5.87B | 5.58B | 5.07B | 5.02B | 5.55B | 5.71B |
| Stockholders Equity | 13.90B | 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
2431.50
Positive
2245.65
Positive
2012.97
Positive
Market Momentum
299.05
Negative
72.16
Negative
71.34
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 3098.40, below the 50-day MA of 2431.50, and below the 200-day MA of 2012.97, indicating a bullish trend. The MACD of 299.05 indicates Negative momentum. The RSI at 72.16 is Negative, neither overbought nor oversold. The STOCH value of 71.34 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥9.69B | 10.05 | ― | 2.92% | 4.05% | 187.83% | |
72 Outperform | ¥22.74B | 7.61 | ― | 2.87% | 2.42% | 49.60% | |
64 Neutral | ¥17.81B | 8.93 | ― | 4.33% | -0.50% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥17.83B | 25.51 | ― | 3.48% | 12.13% | -3.95% | |
53 Neutral | ¥4.51B | -1.74 | ― | 1.06% | 7.87% | -1613.13% | |
49 Neutral | ¥14.71B | 2,419.05 | ― | ― | 11.41% | ― |
* Industrials Sector Average
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Nippon Tungsten Co., Ltd. Corporate Events
Nippon Tungsten Posts Strong Q1 Earnings and Hikes Dividend Forecast
Aug 5, 2026
Nippon Tungsten reported consolidated net sales of ¥4.2 billion for the three months ended June 30, 2026, up 34% year on year, with operating profit surging 207.5% to ¥632 million and profit attributable to owners of the parent climbing ...
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.