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Nikken Kogaku Co., Ltd. (JP:9767)
:9767
Japanese Market
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Nikken Kogaku Co., Ltd. (9767) AI Stock Analysis

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JP:9767

Nikken Kogaku Co., Ltd.

(9767)

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Neutral 67 (OpenAI - 5.2)
Rating:67Neutral
Price Target:
¥1,709.00
▲(17.22% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid financial stability from a de-levered balance sheet, offset by still-recovering profitability and uneven cash-flow generation. Technicals are moderately positive (price above key moving averages with positive MACD), and valuation is a clear support given the low P/E and moderate dividend yield.
Positive Factors
Low Leverage
Sustained debt reduction has materially lowered financial risk and interest-burden exposure. The conservative capital structure should improve resilience through weaker operating periods and preserve capacity to fund operations or strategic investment.
Negative Factors
Subdued Profitability
Profit remains materially below prior peaks despite recent revenue growth, indicating that the earnings base is still rebuilding. Persistently lower profitability can limit internal reinvestment, returns on equity, and the durability of earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Sustained debt reduction has materially lowered financial risk and interest-burden exposure. The conservative capital structure should improve resilience through weaker operating periods and preserve capacity to fund operations or strategic investment.
Read all positive factors

Nikken Kogaku Co., Ltd. (9767) vs. iShares MSCI Japan ETF (EWJ)

Nikken Kogaku Co., Ltd. Business Overview & Revenue Model

Company Description
Headquartered in Tokyo, Japan, Nikken Kogaku Co., Ltd., established in 1950, specializes in the production and sale of wave-attenuating blocks across Japan. Their product line features blocks engineered for wave dissipation, coastal revetment, and...
How the Company Makes Money
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Nikken Kogaku Co., Ltd. Financial Statement Overview

Summary
Financial health is supported by a strong balance sheet (low and falling debt, rising equity), but operating performance is still rebuilding. Revenue returned to growth in 2026 (+7.4% YoY) and margins improved versus 2023–2024, yet profits remain well below 2021–2022 levels. Cash flow and free cash flow have been volatile and only partially recovered in 2026, limiting the score despite balance-sheet strength.
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
49
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue6.21B6.21B5.52B6.19B6.25B8.32B
Gross Profit1.86B1.78B1.70B1.69B1.66B2.16B
EBITDA614.13M516.47M548.67M592.52M649.73M1.12B
Net Income391.50M281.02M283.50M284.65M280.64M662.09M
Balance Sheet
Total Assets6.20B6.36B6.53B7.20B6.93B7.31B
Cash, Cash Equivalents and Short-Term Investments2.54B2.55B2.74B2.93B2.88B2.72B
Total Debt180.17M176.55M323.68M513.46M809.06M733.77M
Total Liabilities1.17B1.42B1.93B2.81B2.85B3.49B
Stockholders Equity5.02B4.93B4.59B4.40B4.08B3.82B
Cash Flow
Free Cash Flow0.0084.68M35.98M527.45M422.62M685.48M
Operating Cash Flow0.00227.78M94.80M658.51M632.64M795.02M
Investing Cash Flow0.00-204.01M-24.54M-322.63M-401.11M-333.14M
Financing Cash Flow0.00-209.35M-269.70M-286.87M-77.86M-263.50M

Nikken Kogaku Co., Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1458.00
Price Trends
50DMA
1514.84
Positive
100DMA
1563.07
Positive
200DMA
1561.30
Positive
Market Momentum
MACD
23.87
Positive
RSI
57.83
Neutral
STOCH
36.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9767, the sentiment is Positive. The current price of 1458 is below the 20-day moving average (MA) of 1559.40, below the 50-day MA of 1514.84, and below the 200-day MA of 1561.30, indicating a bullish trend. The MACD of 23.87 indicates Positive momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 36.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9767.

Nikken Kogaku Co., Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
¥13.26B11.043.42%1.30%-3.99%
78
Outperform
¥26.39B12.065.04%4.27%27.05%
74
Outperform
¥111.39B9.734.87%4.27%226.52%
69
Neutral
¥5.05B13.124.23%4.59%214.42%
67
Neutral
¥2.89B7.342.13%7.41%31.00%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:9767
Nikken Kogaku Co., Ltd.
1,577.00
18.68
1.20%
JP:4044
Central Glass Co., Ltd.
4,485.00
1,248.19
38.56%
JP:5356
Mino Ceramic Co., Ltd.
1,319.00
165.95
14.39%
JP:5357
Yotai Refractories Co., Ltd.
1,795.00
163.73
10.04%
JP:7953
Kikusui Chemical Industries Co., Ltd.
402.00
23.53
6.22%
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 17, 2026