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Nihon Denkei Co., Ltd.
(9908)
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Rating:72Outperform
Price Target:
¥3,035.00
▲(33.70% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by mixed financial quality: solid revenue/earnings trends and moderate leverage are offset by inconsistent and recently negative operating/free cash flow, which raises earnings-quality and funding-risk concerns. Technicals are supportive with price above major moving averages and positive momentum, while valuation is attractive due to a low P/E and a ~3.5% dividend yield.
Positive Factors
Steady Revenue Growth
Sustained revenue expansion indicates continued demand and business development. Growth across several years provides a durable foundation for earnings, although future benefits depend on preserving customer activity and execution quality.
Negative Factors
Inconsistent and Negative Cash Generation
Repeated negative or weak operating and free cash flow indicates poor earnings conversion and possible working-capital or investment pressure. This can increase funding needs and reduce flexibility even while reported profits grow.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained revenue expansion indicates continued demand and business development. Growth across several years provides a durable foundation for earnings, although future benefits depend on preserving customer activity and execution quality.
Read all positive factors
Nihon Denkei Co., Ltd. (9908) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥31.85B
Dividend Yield3.5%
Average Volume (3M)7.16K
Price to Earnings (P/E)7.5
Beta (1Y)0.68
Revenue Growth12.28%
EPS Growth59.71%
CountryJP
Employees1,214
SectorGeneral
Sector StrengthN/A
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)368.45
Shares Outstanding11,818,507
10 Day Avg. Volume4,600
30 Day Avg. Volume7,163
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)0.83
Price to Sales (P/S)0.21
P/FCF Ratio-7.10
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)314.5
Revenue Forecast (FY)¥127.00B
Nihon Denkei Co., Ltd. Business Overview & Revenue Model
Company Description
Nihon Denkei Co.,Ltd. operates internationally, specializing in the electronic measurement sector. The company's core business involves the manufacturing, distribution, rental, and leasing of a wide array of electronic measuring instruments, syste...
How the Company Makes Money
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Nihon Denkei Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.83B | 133.15B | 121.24B | 108.54B | 104.78B | 91.86B |
| Gross Profit | 19.16B | 18.47B | 16.93B | 15.47B | 13.79B | 11.45B |
| EBITDA | 6.55B | 5.59B | 5.54B | 5.57B | 4.71B | 3.95B |
| Net Income | 4.17B | 3.65B | 2.97B | 2.95B | 2.91B | 2.25B |
Balance Sheet | ||||||
| Total Assets | 75.82B | 78.82B | 74.16B | 66.06B | 64.11B | 56.64B |
| Cash, Cash Equivalents and Short-Term Investments | 6.51B | 8.19B | 10.26B | 7.90B | 8.43B | 8.17B |
| Total Debt | 22.09B | 18.22B | 15.22B | 12.51B | 14.63B | 11.95B |
| Total Liabilities | 41.98B | 45.38B | 43.46B | 37.86B | 38.11B | 32.85B |
| Stockholders Equity | 33.33B | 32.86B | 29.89B | 27.41B | 25.23B | 23.04B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.85B | -32.90M | 3.13B | -1.54B | -1.07B |
| Operating Cash Flow | 0.00 | -3.62B | 251.24M | 3.60B | -96.77M | -539.21M |
| Investing Cash Flow | 0.00 | -119.65M | 309.92M | -764.62M | -1.24B | -280.79M |
| Financing Cash Flow | 0.00 | 1.59B | 1.51B | -3.54B | 1.45B | 1.47B |
Nihon Denkei Co., Ltd. Technical Analysis
Positive
2270.00
Price Trends
2638.30
Positive
2555.16
Positive
2420.65
Positive
Market Momentum
24.78
Negative
60.83
Neutral
77.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9908, the sentiment is Positive. The current price of 2270 is below the 20-day moving average (MA) of 2682.60, below the 50-day MA of 2638.30, and below the 200-day MA of 2420.65, indicating a bullish trend. The MACD of 24.78 indicates Negative momentum. The RSI at 60.83 is Neutral, neither overbought nor oversold. The STOCH value of 77.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9908.
Nihon Denkei Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥128.77B | 11.95 | ― | 2.85% | -1.83% | -7.27% | |
74 Outperform | ¥14.67B | 7.57 | ― | 3.03% | 4.07% | 6.81% | |
72 Outperform | ¥31.85B | 7.52 | ― | 3.96% | 12.28% | 59.71% | |
68 Neutral | ¥43.24B | 6.13 | ― | 3.90% | 52.60% | 34.80% | |
62 Neutral | ¥36.57B | 8.55 | ― | 4.66% | 16.61% | 17.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9908
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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.