Nippon Aqua Co., Ltd. (JP:1429)
:1429
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Nippon Aqua Co., Ltd.
(1429)
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Rating:66Neutral
Price Target:
¥766.00
▼(-11.24% Downside)
Action:ReiteratedDate:02/18/26
The score is led by solid financial performance (strong 2025 growth, acceptable leverage) but held back by inconsistent cash flow conversion and softer margins. Valuation is supportive due to a reasonable P/E and attractive dividend, while technicals remain weaker with the stock below key moving averages and negative momentum indicators.
Positive Factors
Nationwide service network
A nationwide installation and service network for insulation and waterproofing creates durable competitive advantage: deep local execution capability, repeat work from homebuilders, and higher switching costs for clients needing skilled onsite installers, supporting stable revenue streams over time.
Negative Factors
Margin compression
Declining margins reduce the firm's ability to convert revenue into sustainable profits and cash. Persistent margin pressure can erode returns on capital, limit reinvestment capacity, and force pricing or cost-structure changes; this weakens resilience to material cost inflation or competitive pricing dynamics.
Read all positive and negative factors
Positive Factors
Negative Factors
Nationwide service network
A nationwide installation and service network for insulation and waterproofing creates durable competitive advantage: deep local execution capability, repeat work from homebuilders, and higher switching costs for clients needing skilled onsite installers, supporting stable revenue streams over time.
Read all positive factors
Nippon Aqua Co., Ltd. (1429) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.97B
Dividend Yield3.79%
Average Volume (3M)68.25K
Price to Earnings (P/E)14.5
Beta (1Y)0.45
Revenue Growth16.35%
EPS Growth27.66%
CountryJP
Employees612
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)22.23
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)79.9
Revenue Forecast (FY)¥37.80B
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
null...
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
Negative
863.00
Price Trends
792.44
Negative
823.53
Negative
828.85
Negative
Market Momentum
-24.11
Negative
38.23
Neutral
62.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1429, the sentiment is Negative. The current price of 863 is above the 20-day moving average (MA) of 717.60, above the 50-day MA of 792.44, and above the 200-day MA of 828.85, indicating a bearish trend. The MACD of -24.11 indicates Negative momentum. The RSI at 38.23 is Neutral, neither overbought nor oversold. The STOCH value of 62.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥12.24B | 18.59 | ― | 1.24% | -2.82% | -44.93% | |
67 Neutral | ¥57.97B | 7.15 | ― | 3.25% | 9.50% | 77.72% | |
66 Neutral | ¥22.97B | 14.52 | 22.09% | 3.79% | 16.35% | 27.66% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥19.29B | 10.16 | ― | 3.07% | 13.22% | 28.90% | |
49 Neutral | ¥17.45B | 743.26 | ― | 3.24% | -3.73% | -143.19% | |
40 Underperform | ¥1.52B | -4.30 | ― | ― | -41.75% | -116.16% |
* Industrials Sector Average
JP:1429
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Nippon Aqua Co., Ltd. Corporate Events
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.