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Nippi Inc (7932) AI Stock Analysis

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JP:7932

Nippi Inc

(TSE/TYO:7932)

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Rating:66Neutral
Price Target:JPY 12,161.00â–²(9.07% Upside)
Action:downgraded
Date:08/11/26

The score is driven primarily by stable financial performance (improving profitability and de-risking balance sheet) and supportive valuation (high dividend yield with a moderate P/E). These positives are tempered by weak technicals, with the stock trading below major moving averages and negative MACD, indicating unfavorable near-term momentum.

Positive Factors
Improving Balance SheetDebt-to-equity has fallen materially and equity has risen, creating a stronger capital base. This durable de-risking reduces refinancing risk, improves financial flexibility for capex or M&A, and lowers vulnerability to cyclical shocks over the next several quarters.
Negative Factors
Weak Revenue MomentumTop-line stagnation and recent decline constrain the company's ability to scale earnings and leverage fixed costs. Without re-accelerating sales or shifting to higher value-added products, profitability gains may be harder to expand and growth prospects remain limited.

Nippi Inc (7932) vs. iShares MSCI Japan ETF (EWJ)

-10%-5%0%5%10%15%20%25%JP:7932-6.04%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 31.22B
Dividend Yield
6.24%
Average Volume (3M)
8,580
Price to Earnings (P/E)
12.5
Beta (1Y)
0.55
Revenue Growth
-3.51%
EPS Growth
-2.26%
Country
Japan
Employees
630
Sector
Consumer Cyclical
Sector Strength
61
Industry
Apparel - Footwear & Accessories

Nippi Inc Business Overview & Revenue Model

Company Description

Headquartered in Tokyo, Japan, Nippi, Incorporated is a diversified global enterprise established in 1907. The company's operations span several key sectors, including the manufacture and distribution of collagen casings for food, pharmaceutical, and...

How the Company Makes Money

Nippi Inc. primarily makes money by manufacturing and selling collagen- and gelatin-based products and related processed materials. Revenue is generated through (1) sales of collagen peptides and other collagen-derived functional ingredients used by...

Nippi Inc Financial Statement Overview

Summary

Fundamentals are stable with improved profitability versus 2022–2023 and a conservative, improving balance sheet (lower debt-to-equity and rising equity). Free cash flow has been positive in recent years, but revenue momentum is weak (flat in 2025 and down in 2026) and cash flow shows some year-to-year variability.

Income Statement

70Positive

Balance Sheet

78Positive

Cash Flow

66Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue47.08B47.25B49.14B49.05B44.81B39.35B
Gross Profit14.18B14.01B13.17B12.73B10.41B9.89B
EBITDA4.87B5.14B4.90B5.15B2.81B3.13B
Net Income2.52B2.83B2.46B2.55B1.17B1.15B
Balance Sheet
Total Assets70.03B70.13B70.17B72.39B69.56B68.42B
Cash, Cash Equivalents and Short-Term Investments7.15B8.75B8.93B8.78B7.01B6.79B
Total Debt11.09B10.67B10.69B13.73B15.28B16.71B
Total Liabilities29.26B28.19B29.60B34.09B34.48B34.42B
Stockholders Equity39.92B41.11B39.84B37.62B34.46B33.41B
Cash Flow
Free Cash Flow02.46B3.87B3.46B1.62B1.06B
Operating Cash Flow02.99B4.65B4.17B2.67B2.07B
Investing Cash Flow0-272.00M-815.00M-580.00M-821.00M-917.00M
Financing Cash Flow0-2.83B-3.75B-1.88B-1.67B-2.13B

Nippi Inc Technical Analysis

Technical Analysis SentimentNegative
Last Price11150.00

Price Trends

50DMA11481.60Negative
100DMA11678.40Negative
200DMA12151.07Negative

Market Momentum

MACD-65.05Negative
RSI40.34Neutral
STOCH6.83Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7932, the sentiment is Negative. The current price of 11150.00 is below the 20-day moving average (MA) of 11249.00, below the 50-day MA of 11481.60, and below the 200-day MA of 12151.07, indicating a bearish trend. The MACD of -65.05 indicates Negative momentum. The RSI at 40.34 is Neutral, neither overbought nor oversold. The STOCH value of 6.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7932.

Nippi Inc Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:7932 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:4619JP:461977OutperformJPY 57.26B9.60―4.93%-3.74%19.78%
JP:4931JP:493171OutperformJPY 42.81B12.86―2.85%3.38%32.41%
JP:7447JP:744770OutperformJPY 50.11B18.94―4.18%1.31%6.19%
JP:7840JP:784067NeutralJPY 43.54B14.49―3.25%3.77%8.09%
JP:3182JP:318266NeutralJPY 58.38B11.32―1.22%-5.22%27.32%
JP:7932JP:793266NeutralJPY 32.07B12.52―6.24%-3.51%-2.26%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%

* Consumer Cyclical Sector Average

Performance Comparison

-20%0%20%JP:7932JP:3182JP:4619JP:4931JP:7447JP:7840Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:7932 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:7932Nippi Inc11150.00-869.61-7.23%
JP:3182Oisix ra daichi, Inc.1646.00-48.30-2.85%
JP:4619Nihon Tokushu Toryo Co., Ltd.2636.00655.4433.09%
JP:4931Shinnihonseiyaku Co., Ltd.2000.00-101.69-4.84%
JP:7447Nagaileben Co., Ltd.1673.00-15.94-0.94%
JP:7840France Bed Holdings Co., Ltd.1260.00-18.44-1.44%
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: Aug 11, 2026