Nichiden Corporation (JP:9902)
:9902
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Nichiden Corporation
(9902)
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Rating:74Outperform
Price Target:
¥2,850.00
▲(11.76% Upside)
Action:Upgraded
Date:05/09/26
The score is driven primarily by strong financial stability (low leverage and a growing equity base) and steady profitability, supported by reasonable valuation (P/E ~13.8 and ~2.75% dividend yield). Technicals are constructive with the stock trading above key short- and mid-term moving averages, while the main constraints are recent operating margin softening and inconsistent cash-flow conversion.
Positive Factors
Conservative balance sheet / low leverage
Sustained low leverage and a growing equity base give Nichiden durable financial flexibility: it can withstand downturns, fund capital needs or M&A without stressing liquidity, and maintain dividends. This structural strength reduces refinancing and solvency risk over the medium term.
Negative Factors
Softening operating margins
A declining operating margin over several years indicates limited pricing power and exposure to cost or volume swings inherent in distribution. Persistently compressed margins would cap profit growth and constrain the company’s ability to convert revenue gains into durable earnings expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Sustained low leverage and a growing equity base give Nichiden durable financial flexibility: it can withstand downturns, fund capital needs or M&A without stressing liquidity, and maintain dividends. This structural strength reduces refinancing and solvency risk over the medium term.
Read all positive factors
Nichiden Corporation (9902) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥74.62B
Dividend Yield3.17%
Average Volume (3M)29.66K
Price to Earnings (P/E)14.8
Beta (1Y)0.59
Revenue Growth4.65%
EPS Growth5.17%
CountryJP
Employees998
SectorIndustrials
Sector Strength72
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)160.59
Shares Outstanding30,000,800
10 Day Avg. Volume19,440
30 Day Avg. Volume29,663
Financial Highlights & Ratios
PEG Ratio2.57
Price to Book (P/B)0.77
Price to Sales (P/S)0.50
P/FCF Ratio47.79
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
Nichiden Corporation Business Overview & Revenue Model
Company Description
NICHIDEN Corporation is a Japanese trading company that distributes a diverse range of industrial products. Its offerings are categorized across several key areas: Control Equipment: This includes components like cylinders, valves, and couplings, ...
Nichiden Corporation Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 135.44B | 141.03B | 134.77B | 126.91B | 131.61B | 123.96B |
| Gross Profit | 20.69B | 21.62B | 19.43B | 17.84B | 17.98B | 16.46B |
| EBITDA | 8.63B | 9.10B | 8.87B | 8.27B | 8.98B | 7.81B |
| Net Income | 4.74B | 5.11B | 4.89B | 4.67B | 4.97B | 4.25B |
Balance Sheet | ||||||
| Total Assets | 119.76B | 127.64B | 121.33B | 127.69B | 122.81B | 120.56B |
| Cash, Cash Equivalents and Short-Term Investments | 20.76B | 22.96B | 21.80B | 25.05B | 23.87B | 27.55B |
| Total Debt | 8.38B | 4.39B | 4.76B | 4.73B | 5.33B | 5.75B |
| Total Liabilities | 33.33B | 35.74B | 35.10B | 39.50B | 36.48B | 37.25B |
| Stockholders Equity | 86.43B | 91.90B | 86.23B | 88.19B | 86.32B | 83.31B |
Cash Flow | ||||||
| Free Cash Flow | 462.50M | 1.48B | 2.06B | 3.36B | 620.00M | -10.00M |
| Operating Cash Flow | 849.50M | 4.30B | 4.47B | 5.02B | 2.12B | 3.07B |
| Investing Cash Flow | 987.50M | -479.00M | 3.27B | -2.43B | 46.00M | -3.77B |
| Financing Cash Flow | -2.61B | -2.79B | -6.32B | -4.89B | -2.49B | -1.72B |
Nichiden Corporation Technical Analysis
Positive
2550.00
Price Trends
2483.82
Positive
2458.86
Positive
2511.71
Positive
Market Momentum
11.01
Positive
52.71
Neutral
57.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9902, the sentiment is Positive. The current price of 2550 is above the 20-day moving average (MA) of 2522.15, above the 50-day MA of 2483.82, and above the 200-day MA of 2511.71, indicating a bullish trend. The MACD of 11.01 indicates Positive momentum. The RSI at 52.71 is Neutral, neither overbought nor oversold. The STOCH value of 57.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9902.
Nichiden Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥43.81B | 9.16 | ― | 3.87% | 1.79% | -12.61% | |
77 Outperform | ¥308.80B | 21.45 | ― | 1.68% | 8.46% | 26.64% | |
74 Outperform | ¥74.62B | 14.81 | ― | 3.17% | 4.65% | 5.17% | |
73 Outperform | ¥154.63B | 9.94 | ― | 1.72% | 46.71% | 77.52% | |
72 Outperform | ¥35.03B | 10.37 | ― | 4.05% | 5.23% | 0.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥146.79B | 9.32 | ― | 2.42% | 8.46% | -3.62% |
* Industrials Sector Average
JP:9902
Nichiden Corporation
2,528.00
-130.51
-4.91%
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Nichiden Corporation Corporate Events
Nichiden Launches Share Buyback and Cancellation to Boost Capital Efficiency
May 8, 2026
Nichiden Corporation’s board has approved a share buyback program and subsequent cancellation of the repurchased shares to strengthen its capital policy and improve shareholder returns. The company plans to repurchase up to 600,000 common sh...
Nichiden Raises Dividend Payout Target to Boost Shareholder Returns
May 8, 2026
Nichiden Corporation has resolved to revise its dividend policy from the fiscal year ending March 31, 2027, shifting its consolidated dividend payout ratio target from at least 30% with a minimum annual dividend of ¥15 per share to a higher t...
Nichiden Sets Year-End Dividend at 35 Yen and Accelerates Payout Date
May 8, 2026
Nichiden Corporation’s board has approved a year-end dividend of 35 yen per share for the fiscal year ended March 2026, in line with its prior forecast and funded from retained earnings. The total payout will be 1,033 million yen, with an ef...
Nichiden lifts profits and boosts dividends as earnings and balance sheet strengthen
May 8, 2026
Nichiden Corporation reported fiscal 2026 consolidated net sales of ¥141.0 billion, up 4.6% year on year, with operating profit down 3.0% to ¥6.6 billion but ordinary profit rising 3.7% to ¥7.5 billion and profit attributable to own...
Nichiden Revamps Board with New Outside Director and Governance Shift
Apr 1, 2026
Nichiden Corporation has nominated certified public accountant Yoshiko Kito as a new outside director and member of its Audit and Supervisory Committee, with her appointment to be voted on at the June 19, 2026, shareholders’ meeting and, if ...
Nichiden Sets Terms for ¥4.56 Billion Secondary Share Offering
Feb 18, 2026
Nichiden Corporation has set the terms for a secondary offering of its common stock, following a board resolution earlier in February. The company will conduct the sale via underwriters on the Tokyo market, reflecting an effort to facilitate share...
Nichiden Confirms Reviewed Nine-Month Results Ahead of Secondary Share Offering
Feb 10, 2026
Nichiden Corporation announced that an independent auditor has completed an interim review of its consolidated financial statements for the nine months ended December 31, 2025, in connection with a secondary offering of common shares approved by t...
Nichiden to Launch Bank-Led Secondary Share Offering with Over-Allotment Option
Feb 10, 2026
NICHIDEN Corporation has approved a secondary offering of 1,882,000 existing common shares held mainly by four major Japanese banks, with the final selling price to be set between February 18 and 25 based on market conditions. The transaction is s...
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.