Nitto Denko Corp. (JP:6988)

:6988

6988

Nitto Denko

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Nitto Denko (6988) Price & Analysis

4 Followers

6988 Stock Chart & Stats

¥3374.00

-¥34.50(-1.27%)

At close: Jan 08 4:00 PM EST

¥3374.00

-¥34.50(-1.27%)

Day’s Range― - ―

52-Week Range¥2,452.00 - ¥4,068.00

Previous CloseN/A

Volume2.61M

Average Volume (3M)2.86M

Market Cap

¥2.13T

Enterprise Value¥1.66T

Total Cash (Recent Filing)¥359.81B

Total Debt (Recent Filing)¥0.00

Price to Earnings (P/E)15.5

Beta1.11

Next Earnings

Jul 29, 2026

EPS Estimate

95.85

Next Dividend Ex-DateN/A

Dividend Yield1.54%

Share Statistics

EPS (TTM)41.31

Shares Outstanding678,659,700

10 Day Avg. Volume2,953,770

30 Day Avg. Volume2,858,060

Financial Highlights & Ratios

PEG Ratio20.83

Price to Book (P/B)1.81

Price to Sales (P/S)2.02

P/FCF Ratio21.70

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

¥4,600.00

Price Target Upside36.34% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering1

EPS Forecast (FY)209.56

Revenue Forecast (FY)¥1.06T

Bulls Say, Bears Say

Bulls Say

Margin ExpansionSustained margin expansion over 2021–2025 indicates improving product mix and pricing power in specialty materials. Higher gross and net margins suggest durable competitive advantages—ability to command premium pricing and absorb cost fluctuations—supporting long‑term cash generation and reinvestment capacity.

Conservative Balance SheetExtremely low leverage provides financial flexibility to fund R&D, capex, or weather cyclicality without refinancing stress. A strong equity base reduces default risk and supports strategic investments, making the company resilient to macro shocks over the next several quarters.

OEM Relationships & R&DEstablished qualification cycles and deep OEM/tier links create high switching costs and recurring revenue once products are adopted. Combined with ongoing R&D to develop differentiated functional materials, this drives durable demand, repeatable sales, and barriers to entry in key industrial end markets.

Bears Say

Revenue VolatilityRevenue volatility, including a 2024 dip, reduces visibility for multi‑period planning and risks earnings consistency. For a materials supplier tied to OEM cycles, uneven top‑line trends can constrain capacity utilization and delay returns on recent investments, making multi‑quarter performance less predictable.

Choppy Cash ConversionWide swings in operating cash conversion point to working‑capital or timing issues that impair true earnings quality. Even with positive FCF, inconsistent conversion can limit free cash available for dividends, buybacks or capex in weaker quarters, stressing the company’s ability to self‑fund growth reliably.

Rising Asset Base Requires ReturnsMaterial asset growth raises the bar for sustaining ROE and ROA. If returns on new assets or investments lag, profitability metrics and capital efficiency could deteriorate over months. Continued high returns are required to justify the enlarged asset base and preserve shareholder economics.

Nitto Denko News

Nitto Denko Reshapes Governance Body for Executive Nominations and Pay

Nitto Denko ( ($JP:6988) ) just unveiled an announcement. Nitto Denko has overhauled the structure of its voluntary...

3d ago

Nitto Denko Alters Share-Based Pay Plan as It Shifts to New Incentive Scheme

Nitto Denko ( ($JP:6988) ) just unveiled an announcement. Nitto Denko has decided to abolish its existing medium-term...

3d ago

Nitto Denko Lifts Fiscal 2026 Outlook as Investment and Earnings Edge Higher

The latest announcement is out from Nitto Denko ( ($JP:6988) ). Nitto Denko reported steady growth for the...

3d ago

Nitto Denko Revamps Executive Pay With Performance-Linked Restricted Shares

Nitto Denko ( ($JP:6988) ) has provided an update. Nitto Denko Corporation has decided to overhaul its executive...

3d ago

Nitto Denko Posts Steady FY2026 Results and Lifts Dividend Amid Modest Growth Outlook

The latest update is out from Nitto Denko ( ($JP:6988) ). Nitto Denko reported modest revenue growth for...

3d ago

Nitto Denko Corp (NDEKF) Q4 Earnings Cheat Sheet

Nitto Denko Corp (NDEKF) is scheduled to report 4th quarter earnings on 04/27/2026. Regarding Q4 estimates, Wall Street...

5d ago

Nitto Denko to Reclassify ¥47.8 Billion in Legal Capital Surplus to Boost Capital Flexibility

An update from Nitto Denko ( ($JP:6988) ) is now available. Nitto Denko has approved a proposal to...

1M ago

Nitto Denko Flags Governance Priorities After Board Effectiveness Review

Nitto Denko ( ($JP:6988) ) has shared an announcement. Nitto Denko has completed its fiscal 2025 evaluation of...

1M ago

Nitto Denko Launches ¥50 Billion Share Buyback to Bolster Capital Efficiency

Nitto Denko ( ($JP:6988) ) has shared an update. Nitto Denko Corporation has authorized a share repurchase program,...

1M ago

Nitto Denko Launches ¥50 Billion Share Buyback for Capital Flexibility

An update from Nitto Denko ( ($JP:6988) ) is now available. Nitto Denko’s board has approved a share...

1M ago

Codexis, Nitto Denko Avecia enter evaluation agreement

Codexis (CDXS) and Nitto Denko (NDEKY) Avecia (NDEKY0 announced that they have entered into an evaluation agreement. Under...

6M ago

CDXS

Nitto Denko upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Nitto Denko (NDEKY) to Buy from Neutral with a price target of 4,000 yen, up...

7M ago

6988 FAQ

What was Nitto Denko Corp.’s price range in the past 12 months?

Nitto Denko Corp. lowest stock price was ¥2452.00 and its highest was ¥4068.00 in the past 12 months.

What is Nitto Denko Corp.’s market cap?

Nitto Denko Corp.’s market cap is ¥2.13T.

When is Nitto Denko Corp.’s upcoming earnings report date?

Nitto Denko Corp.’s upcoming earnings report date is Jul 29, 2026 which is in 90 days.

How were Nitto Denko Corp.’s earnings last quarter?

Nitto Denko Corp. released its earnings results on Apr 27, 2026. The company reported ¥41.31 earnings per share for the quarter, missing the consensus estimate of ¥46.695 by -¥5.385.

Is Nitto Denko Corp. overvalued?

According to Wall Street analysts Nitto Denko Corp.’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Nitto Denko Corp. pay dividends?

Nitto Denko Corp. pays a Semiannually dividend of ¥30 which represents an annual dividend yield of 1.54%. See more information on Nitto Denko Corp. dividends here

What is Nitto Denko Corp.’s EPS estimate?

Nitto Denko Corp.’s EPS estimate is 95.85.

How many shares outstanding does Nitto Denko Corp. have?

Nitto Denko Corp. has 678,659,700 shares outstanding.

What happened to Nitto Denko Corp.’s price movement after its last earnings report?

Nitto Denko Corp. reported an EPS of ¥41.31 in its last earnings report, missing expectations of ¥46.695. Following the earnings report the stock price went up 2.419%.

Which hedge fund is a major shareholder of Nitto Denko Corp.?

Currently, no hedge funds are holding shares in JP:6988

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Nitto Denko Corp.

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes. The company also offers functional thermal transfer systems, such as labels, barcode label printers, and label printing software; tapes for electrical and electronic equipment; dust removal products for clean rooms; fluoroplastic sheets and tapes, and fluoroplastic porous films; and materials for housing and construction, as well as packaging machines. In addition, it provides medical products, including transdermal therapeutic systems, athletic tapes, medical adhesive tapes for wearable devices and body sensors, adhesive tapes, and particles for nucleic acid synthesis. The company offers its products to automotive and transportation, housing/housing equipment, infrastructure, material, home appliance and electrical, display, electronic device, medical, packaging, and consumer/personal care industries. Nitto Denko Corporation was incorporated in 1918 and is headquartered in Osaka, Japan.

Nitto Denko (6988) Earnings & Revenues

Historic Earnings Reports

6988 Stock 12 Month Forecast

Average Price Target

¥4,600.00

▲(36.34% Upside)

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Detailed Analyst Forecast >