Nittetsu Mining Co., Ltd. (1515) AI Stock Analysis

• Market Cap: ¥209.83B
• Dividend Yield: 2.3%
• Average Volume (3M): 298.66K
• Price to Earnings (P/E): 21.0
• Beta (1Y): 0.99
• Revenue Growth: 8.19%
• EPS Growth: 34.88%
• Country: JP
• Employees: 2,155
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 42.28
• Shares Outstanding: 80,000,000
• 10 Day Avg. Volume: 289,690
• 30 Day Avg. Volume: 298,660
• PEG Ratio: 0.32
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.55
• P/FCF Ratio: 48.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ¥2,979.00 ▲(33.53% Upside)

The score is driven primarily by solid financial performance (strong revenue growth and improving profitability with a stable balance sheet). Technicals are supportive but tempered by overbought signals, while valuation is roughly average with a modest dividend yield.

Positive Factors

Multi-year revenue growth

Sustained top-line expansion over several years signals durable demand for the company's mined products and stronger market penetration. This growth supports capacity investments, long-term customer relationships and provides a larger base to absorb cyclical downturns, bolstering resilience.

Stronger balance sheet and lower leverage

Higher equity and a reduced debt-to-equity profile materially improve financial flexibility. A robust equity ratio lowers refinancing and solvency risk, enabling sustained capex, potential M&A or dividend policy continuity and better resilience to commodity-cycle shocks over the medium term.

Positive free cash flow generation

Consistent cash generation relative to earnings provides durable funding for reinvestment, debt reduction and shareholder returns. Even with some fluctuations, positive FCF and strong OCF conversion underpin financial stability and the ability to execute strategic investments over multiple quarters.

Negative Factors

Gross and EBITDA margin compression

Sustained margin erosion reduces operating leverage and free cash flow over time, weakening the company’s buffer against price or cost shocks. Persistent compression suggests structural cost pressures or pricing limitations that could constrain reinvestment and profitability in future reporting periods.

Declining free-cash-flow conversion

Weaker conversion of earnings into FCF limits internal funding for capex, dividends and debt paydown over the medium term. If the trend persists, the company may face tougher choices on capital allocation or need external financing, increasing execution and liquidity risk.

Exposure to commodity and demand cyclicality

Heavy reliance on iron ore and related commodity markets creates structural earnings volatility tied to global steel demand and price swings. As a capital-intensive miner, the firm remains vulnerable to extended downturns which can impair margins, cash flow and planned investments for quarters ahead.

Nittetsu Mining Co., Ltd. Business Overview & Revenue Model

Company Description

Nittetsu Mining Co., Ltd. engages in mining activities in Japan. It operates through Non-Metallic Minerals, Metallic Minerals, Machinery & Environmental Engineering, Real Estate, and Renewable Energy segments. The company mines for non-metallic minerals, including limestone, crushed stone, calcium carbonate, gypsum, chips for pulp, silica rock, quicklime/hydrated lime, and dolomite; fuel-related products, such as petroleum products, coal, and LPG; and fine chemicals comprising specialty papers (fire-retardant, calcium carbonate), Asheet paper shoe insoles, and white limestone. It also offers metallic minerals, such as electrolytic copper, gold, and silver; and mineral resources, such as materials for steel manufacturing, copper ore, and other materials. In addition, the company supplies environmental products, such as wastewater treatment chemicals, etc., as well as primarily deals in environmental products consisting of dust collectors, etc.; produces environment, and powder and fluid-related machines; leases and sells office buildings, condominiums, stores, factories and warehouses, and real estate; engages in the survey and development of geothermal energy, and supply and sale of geothermal steam; and generates power using solar and hydroelectric plants, as well as supplies and sells electricity. Further, it provides consulting services for geological surveys, geophysical exploration, test boring, and construction; buys and sells limestone, crushed stone, and calcium carbonate; manufactures and sells crushing and grinding equipment, as well as electric machinery; and mines and sells copper and other minerals. Nittetsu Mining Co., Ltd. was incorporated in 1939 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Nittetsu Mining Co., Ltd. generates revenue primarily through the extraction and sale of minerals, with a significant focus on iron ore production. The company's revenue model is driven by the global demand for raw materials, particularly from industries such as steel manufacturing. Key revenue streams include the direct sale of mined minerals to domestic and international clients, long-term supply contracts with major industrial players, and potentially joint ventures or partnerships with other mining firms. Additionally, Nittetsu Mining may benefit from fluctuations in commodity prices, government contracts, and investments in technology for more efficient mining processes, which can enhance profitability.

Nittetsu Mining Co., Ltd. Financial Statement Overview

Summary

Nittetsu Mining Co., Ltd. shows strong revenue growth and improved net profit margins. The balance sheet reflects robust equity growth and improved leverage management, although the return on equity suggests room for improvement. Cash flow is positive but shows fluctuations, indicating potential challenges in converting earnings into free cash flow.

Income Statement

Nittetsu Mining Co., Ltd. has demonstrated strong revenue growth, increasing from JPY 117.5 billion in 2020 to JPY 196.8 billion in 2025. The gross profit margin has remained relatively stable, with a slight decrease from 24% in 2020 to 17.4% in 2025, reflecting some cost pressures. Net profit margin improved significantly from 3.8% in 2020 to 4.6% in 2025, indicating enhanced profitability. However, EBIT and EBITDA margins have shown some contraction, highlighting potential operational inefficiencies or increased competition.

Balance Sheet

The company's balance sheet reflects strong equity growth, with stockholders' equity rising from JPY 100.1 billion in 2020 to JPY 141.5 billion in 2025. The debt-to-equity ratio has decreased, indicating improved leverage management. The equity ratio is robust at 58.9% in 2025, up from 57.5% in 2020, showcasing financial stability. However, the return on equity has slightly decreased from 4.5% in 2020 to 6.4% in 2025, suggesting room for improvement in generating returns from equity.

Cash Flow

The company has maintained positive free cash flow, albeit with fluctuations. Free cash flow growth is evident, although it dipped in 2025 compared to 2024. The operating cash flow to net income ratio is strong, illustrating effective cash generation relative to earnings. However, the declining free cash flow to net income ratio in recent years may warrant attention, as it suggests potential challenges in converting earnings into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	195.96B	196.77B	166.88B	164.02B	149.08B	119.16B
Gross Profit	33.52B	34.23B	33.40B	34.98B	34.87B	27.05B
EBITDA	18.03B	23.31B	18.09B	20.15B	21.99B	12.18B
Net Income	8.10B	9.02B	6.60B	9.78B	9.28B	3.75B
Balance Sheet
Total Assets	239.46B	240.18B	229.58B	208.34B	197.73B	188.74B
Cash, Cash Equivalents and Short-Term Investments	36.57B	38.06B	37.41B	40.00B	33.22B	35.51B
Total Debt	31.66B	24.37B	22.16B	22.86B	22.96B	23.15B
Total Liabilities	87.80B	88.20B	78.86B	68.93B	71.36B	72.33B
Stockholders Equity	141.66B	141.49B	140.75B	132.34B	120.07B	111.07B
Cash Flow
Free Cash Flow	0.00	2.25B	2.53B	8.40B	532.00M	2.53B
Operating Cash Flow	0.00	17.71B	8.95B	15.82B	8.54B	9.41B
Investing Cash Flow	0.00	-12.26B	-6.33B	-5.51B	-7.26B	-6.54B
Financing Cash Flow	0.00	-6.48B	-5.84B	-4.92B	-4.76B	-999.00M

Nittetsu Mining Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2231.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1515, the sentiment is Positive. The current price of 2231 is below the 20-day moving average (MA) of 2262.60, above the 50-day MA of 1958.78, and above the 200-day MA of 1608.44, indicating a bullish trend. The MACD of 164.16 indicates Negative momentum. The RSI at 74.92 is Negative, neither overbought nor oversold. The STOCH value of 80.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1515.

Nittetsu Mining Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5715	77 Outperform	¥159.89B	10.51	11.58%	1.62%	9.81%	30.20%
1515	75 Outperform	¥209.83B	21.05	6.77%	2.30%	8.19%	34.88%
5714	64 Neutral	¥479.83B	23.73	5.02%	2.12%	-7.98%	-42.51%
5711	63 Neutral	¥522.19B	35.07	2.14%	2.83%	-0.64%	-65.65%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
5541	59 Neutral	¥45.91B	-63.62	―	9.18%	-35.81%	-138.00%
5713	56 Neutral	¥1.97T	80.59	1.33%	1.98%	3.15%	-63.65%

Nittetsu Mining Co., Ltd. Corporate Events

Nittetsu Mining to Cancel Over 3.5 Million Treasury Shares

Nittetsu Mining Co., Ltd. announced the cancellation of 3,523,190 treasury shares, representing 4.22% of its total issued shares, as part of a strategic move to optimize its capital structure. This cancellation, set for November 28, 2025, will result in a total of 80 million shares remaining, potentially enhancing shareholder value and improving financial metrics.

The most recent analyst rating on (JP:1515) stock is a Buy with a Yen1821.00 price target. To see the full list of analyst forecasts on Nittetsu Mining Co., Ltd. stock, see the JP:1515 Stock Forecast page.

Nittetsu Mining Revises Financial Forecast and Increases Dividends Amid Strong Performance

Nittetsu Mining Co., Ltd. has revised its financial forecast for the fiscal year ending March 31, 2026, due to higher-than-expected copper prices and a weaker yen, leading to increased net sales and profits. The company also announced an increase in its interim dividend and revised its year-end dividend forecast, reflecting its strong financial performance and commitment to shareholder returns.

The most recent analyst rating on (JP:1515) stock is a Buy with a Yen1821.00 price target. To see the full list of analyst forecasts on Nittetsu Mining Co., Ltd. stock, see the JP:1515 Stock Forecast page.

Nittetsu Mining Reports Improved Profits Amidst Declining Sales

Nittetsu Mining Co., Ltd. reported its consolidated financial results for the six months ending September 30, 2025, showing a decrease in net sales by 2.3% compared to the previous year. However, the company experienced significant growth in operating profit, ordinary profit, and profit attributable to owners of the parent, indicating improved operational efficiency. The company also announced a five-for-one share split effective October 1, 2025, which impacts earnings per share calculations. Despite a slight decline in the capital adequacy ratio, the company’s financial position remains robust, with total assets and net assets increasing. The forecast for the fiscal year ending March 31, 2026, anticipates a slight decrease in net sales but continued growth in profits, reflecting a positive outlook for stakeholders.

The most recent analyst rating on (JP:1515) stock is a Buy with a Yen1821.00 price target. To see the full list of analyst forecasts on Nittetsu Mining Co., Ltd. stock, see the JP:1515 Stock Forecast page.