Nippon Aqua Co., Ltd. (JP:1429)
:1429
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Nippon Aqua Co., Ltd.
(1429)
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Rating:66Neutral
Price Target:
¥746.00
▼(-13.56% Downside)
Action:Reiterated
Date:05/12/26
The score is primarily supported by strong financial performance (rapid revenue growth with solid profitability and manageable leverage), tempered by inconsistent cash flow conversion and some margin compression. Technical indicators are the main drag due to a clear downtrend versus key moving averages and negative MACD, while valuation is a positive offset thanks to a high dividend yield and a moderate P/E.
Positive Factors
Revenue Growth
Sustained top-line growth with a sharp 2025 acceleration signals expanding end-market demand and scalability of the business. A durable revenue base improves ability to fund capex, R&D and dividends, and supports long-term investment in distribution or product breadth.
Negative Factors
Cash Flow Volatility
Repeated swings in operating and free cash flow point to working-capital or project-timing variability that undermines predictable cash conversion. Persistent volatility can strain funding for capex, dividends and debt service, raising execution risk across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line growth with a sharp 2025 acceleration signals expanding end-market demand and scalability of the business. A durable revenue base improves ability to fund capex, R&D and dividends, and supports long-term investment in distribution or product breadth.
Read all positive factors
Nippon Aqua Co., Ltd. (1429) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.81B
Dividend Yield3.79%
Average Volume (3M)68.25K
Price to Earnings (P/E)12.2
Beta (1Y)0.50
Revenue Growth7.57%
EPS Growth-2.35%
CountryJP
Employees612
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)63.54
Shares Outstanding34,760,000
10 Day Avg. Volume63,090
30 Day Avg. Volume68,246
Financial Highlights & Ratios
PEG Ratio9.77
Price to Book (P/B)2.37
Price to Sales (P/S)0.82
P/FCF Ratio26.52
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)61.2
Revenue Forecast (FY)¥36.80B
Nippon Aqua Co., Ltd. Business Overview & Revenue Model
Company Description
Nippon Aqua Co., Ltd. manufactures and sells building materials in Japan. It offers energy-saving products, such as AQUA FOAM, an on-site spray polyurethane foam insulation material; heat insulating sheets; spacers; A1 and B type for buildings; an...
How the Company Makes Money
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Nippon Aqua Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 33.14B | 33.67B | 30.27B | 28.34B | 25.67B | 23.90B |
| Gross Profit | 7.45B | 7.72B | 6.66B | 6.72B | 5.59B | 4.56B |
| EBITDA | 3.04B | 2.99B | 2.90B | 3.12B | 2.55B | 1.62B |
| Net Income | 2.01B | 1.90B | 1.84B | 2.00B | 1.55B | 953.80M |
Balance Sheet | ||||||
| Total Assets | 23.28B | 25.81B | 24.08B | 20.40B | 21.98B | 18.29B |
| Cash, Cash Equivalents and Short-Term Investments | 1.78B | 2.42B | 2.26B | 2.03B | 2.68B | 1.93B |
| Total Debt | 4.42B | 4.81B | 4.58B | 2.45B | 6.11B | 3.28B |
| Total Liabilities | 13.07B | 14.18B | 13.53B | 11.10B | 14.01B | 10.34B |
| Stockholders Equity | 10.21B | 11.63B | 10.55B | 9.30B | 7.97B | 7.95B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.04B | -698.84M | 3.73B | -569.13M | 192.58M |
| Operating Cash Flow | 0.00 | 1.51B | -516.52M | 4.02B | -297.74M | 520.50M |
| Investing Cash Flow | 0.00 | -603.12M | -338.41M | -385.20M | -293.25M | -355.36M |
| Financing Cash Flow | 0.00 | -755.49M | 1.08B | -4.28B | 1.34B | 109.78M |
Nippon Aqua Co., Ltd. Technical Analysis
Neutral
863.00
Price Trends
709.18
Positive
784.12
Negative
819.68
Negative
Market Momentum
-1.76
Negative
50.95
Neutral
59.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1429, the sentiment is Neutral. The current price of 863 is above the 20-day moving average (MA) of 704.35, above the 50-day MA of 709.18, and above the 200-day MA of 819.68, indicating a neutral trend. The MACD of -1.76 indicates Negative momentum. The RSI at 50.95 is Neutral, neither overbought nor oversold. The STOCH value of 59.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:1429.
Nippon Aqua Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥61.67B | 8.07 | ― | 3.25% | 15.03% | 223.61% | |
68 Neutral | ¥11.90B | 27.11 | ― | 1.24% | 5.74% | 10.43% | |
66 Neutral | ¥22.81B | 12.21 | 22.09% | 3.79% | 7.57% | -2.35% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥19.10B | 8.91 | ― | 3.07% | 5.47% | 33.42% | |
55 Neutral | ¥18.74B | 26.19 | ― | 3.24% | -6.49% | ― | |
42 Neutral | ¥129.67M | -0.12 | ― | ― | -47.01% | -4.38% |
* Industrials Sector Average
JP:1429
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Nippon Aqua Co., Ltd. Corporate Events
Nippon Aqua Sees Middle East Turmoil Tightening Urethane Supply but Boosting Its Market Share Prospects
May 8, 2026
Nippon Aqua says the recent turmoil in the Middle East has pushed up crude-linked raw material prices, but its core insulation installation business is operating steadily thanks to a diversified procurement base and a 26-site inventory network acr...
Nippon Aqua Outperforms Q1 Expectations on Strong Housing and Renovation Demand
May 8, 2026
Nippon Aqua reported that orders in its Single-family Homes Division remained strong, supported by record-high demand from a nationwide homebuilder, increased orders from a major homebuilder, and robust growth in airtightness measurement services ...
Nippon Aqua Posts Modest Q1 Growth and Affirms 2026 Earnings, Dividend Outlook
May 8, 2026
Nippon Aqua reported a modest 2.8% rise in first-quarter net sales to ¥7.71 billion, with operating profit up 3.3% but ordinary profit and net profit slipping 1.6% and 4.9% respectively, leading to a slight decline in earnings per share to &#...
Nippon Aqua Issues Restricted Stock to Directors via Treasury Share Disposal
Apr 16, 2026
Nippon Aqua will dispose of 23,500 treasury shares as restricted stock compensation for three internal directors, at a price of ¥702 per share for a total of ¥16.5 million. The move is part of a broader compensation framework designed to...
Nippon Aqua Clarifies Parent-Company Control and Safeguards for Minority Shareholders
Mar 30, 2026
Nippon Aqua detailed its ownership and governance structure, confirming that Hinokiya Group directly holds 55% of its voting rights and is deemed the parent company with the greatest influence, while Hinokiya itself is wholly owned by YAMADA HOLDI...
Nippon Aqua Reshapes Organization and Management to Strengthen Regional Focus and Safety
Mar 23, 2026
Nippon Aqua Co., Ltd. will overhaul its organizational structure from April 1, 2026, shifting from a purely divisional setup to a more regionally focused model that differentiates the Tokyo metropolitan and Kansai areas from other regions. The com...
Nippon Aqua Updates Capital-Efficient Management Strategy as ROE Remains Well Above Cost of Equity
Mar 18, 2026
Nippon Aqua reported that its price-to-book ratio has stayed between 2.3 and 3.3 times over the past six years, reaching 2.4 times in 2025 as higher valuation multiples offset a slight decline in return on equity. Despite this moderation, ROE has ...
Nippon Aqua Announces Changes to Audit and Supervisory Committee Directors
Mar 6, 2026
Nippon Aqua Co., Ltd. has announced changes to its Audit and Supervisory Committee membership, with External Director and full-time Audit and Supervisory Committee Member Noriyuki Utsumi set to resign for personal reasons at the close of the regul...
Nippon Aqua Corrects Ordinary Profit Comparison in 2026 Forecast
Feb 16, 2026
Nippon Aqua Co., Ltd. has issued a correction to its previously announced business results for the fiscal year ended December 2025, after discovering that a key comparison in its financial forecast used the wrong base year. The company clarified t...
Nippon Aqua Lifts FY2025 Sales 11% on Strong Housing and Waterproofing Demand
Feb 13, 2026
Nippon Aqua reported net sales of 33.67 billion yen for the fiscal year ended December 2025, an 11.3% year-on-year increase driven by strong demand across its core divisions and successful market share expansion. The Single-family Homes Division b...
Nippon Aqua Lifts Sales, Strengthens Balance Sheet and Keeps Dividend as 2026 Growth Slows
Feb 13, 2026
Nippon Aqua Co., Ltd. reported non-consolidated results for the year ended December 31, 2025, with net sales rising 11.3% to ¥33.67 billion and operating profit up 7.7% to ¥2.77 billion, while profit grew 3.1% to ¥1.89 billion, indi...
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.